Copy-trading can be a legit way to make money if you pick the right trader to follow. On Bybit, for example, you can copy top traders who have solid strategies and good track records. Basically, whatever they trade, your account does too, so you get to ride their skills without having to be an experRead more
Copy-trading can be a legit way to make money if you pick the right trader to follow. On Bybit, for example, you can copy top traders who have solid strategies and good track records. Basically, whatever they trade, your account does too, so you get to ride their skills without having to be an expert yourself.
But heads up โ itโs not 100% risk-free. Even pros can have bad days, and crypto markets are super volatile. So, donโt just throw all your money in blindly. Start small, watch how the trader performs, and make sure youโre comfortable with the risks.
Bybitโs platform makes it pretty easy to find verified top traders with stats and past performance, so you can choose wisely. If youโre smart about it, yeah, copy-trading can be a nice way to earn, especially if you donโt want to spend all day analyzing charts yourself.
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it kinda depends on what youโre trading and how much. But generally, Bybit and Binance are pretty close when it comes to fees. Bybit usually has low trading fees around 0.1% for spot and futures, and they even offer some fee discounts if you hold their native token or hit higher volumes. Binance alsRead more
it kinda depends on what youโre trading and how much. But generally, Bybit and Binance are pretty close when it comes to fees. Bybit usually has low trading fees around 0.1% for spot and futures, and they even offer some fee discounts if you hold their native token or hit higher volumes.
Binance also has a 0.1% base fee for spot trading, but they give extra discounts if you pay fees with BNB (their coin), so that can make it even cheaper.
If youโre trading futures, Bybitโs fees are competitive and sometimes a bit lower, especially with their maker-taker fee model. Binance also has similar fees but can get a bit more complicated with tiers and VIP levels.
So, if you want simpler, solid low fees, Bybit is great. Binance can be cheaper if you use their coin for fees and trade a lot.
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