Binance Copy Trading

binance copy trading

Copy-trading, also referred to as mirror trading or occasionally named as social trading, allows you to automate the purchasing and selling of crypto assets by following other traders. These are usually experienced traders who routinely make more money than they lose. It is the best approach to start investing in cryptocurrency since you do not need to be born with ability or luck. Simply mimic the moves of more experienced traders.

On the other side, if you are an advanced trader who is confident in your trading tactics, you can share them with newbies. The more successful you are, the more individuals you will be able to attract. Thus, by trading on your own and charging a fee for a subscription to your account, you can earn twice as much. The only thing left to do is select a platform that will allow it to be realized smoothly.

What is WunderTrading?

WunderTrading is exactly that kind of platform. It links new and seasoned crypto investors, allowing them to have the finest crypto trading experience possible. Traders may either manually execute orders through an advanced trading Terminal or develop a fully automated crypto trading bot that will run 24 hours a day, seven days a week. Copy-traders can find the greatest traders in the Marketplace by reviewing their trading history and statistics, both of which are publicly available.

How to copy-trade on Binance Exchange

Binance is the most popular cryptocurrency exchange, with millions of traders using it. It has minimal latency, high liquidity, low transaction costs, and a robust interface. You must connect your Binance account to WunderTrading via API in order to copy trade Binance traders. The API connection will keep your cash safe and allow orders to be processed almost instantaneously straight on your exchange account. Therefore you can automate crypto copy trading binance api with the third party provider like WunderTrading.

After you've connected your account, go to the Marketplace, pick the trader you want to copy-trade with, and then click the Follow button. That's it; you're ready to start crypto copy trading: when the trader creates the next order, it will appear in the Positions tab.