Can someone make money through copy-trading on cryptocurrency exchanges such as Bybit, Bitmex, or Binance?
Can someone make money through copy-trading on cryptocurrency exchanges such as Bybit, Bitmex, or Binance?
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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 β itβs not 100% risk-free. Even pros can have bad days, and crypto markets are super volatile. So, donβt just throw all your money in blindly. Start small, watch how the trader performs, and make sure youβre comfortable with the risks.
Bybitβs platform makes it pretty easy to find verified top traders with stats and past performance, so you can choose wisely. If youβre smart about it, yeah, copy-trading can be a nice way to earn, especially if you donβt want to spend all day analyzing charts yourself.