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    BYDFi Vs Bitget Vs BingX: Copy Trading (March 2024)


    Crypto trading is not an easy feat. Despite vigorous analysis, it is simply impossible to keep track of the market trends all the time. So here comes the need for copy trading. Look no further because this article explains every aspect of copy trading on BYDFi vs Bitget vs BingX.

    Summar

    • Copy-trading enables a trader to copy another veteran trader and eliminates the need for rigorous analysis and monitoring market data all the time.
    • A follower copies one or more than one successful trader at a time to maximize profit and reduce or diversify risks.
    • On all the three exchanges, BYDFi, Bitget, and BingX, followers can sort the traders based on their assets, ranking, win or profit rate, followers, etc.
    • Traders get a portion of profit share from their followers that varies with the platform used.

    What is Copy Trading?

    Typically, trading in cryptocurrency requires a lot of focus, market analysis, strategies, and time. However, copy trading allows people to mimic the moves and techniques of professional and experienced traders. Thus, it is helpful for especially novice traders, saving their time and protecting them from significant losses.

    The beginners can follow the traders and automate their strategies, carry out their trades without being present to gather maximum profits. Copy Trading is divided into two broad categories, that is, follower and trader. Both are elaborated in this article.

    MoonXBT Vs Bitget Vs BingX: Copy Trading

    What is BYDFi?

    BYDFI is another one of the best crypto trading platforms, which is relatively a new exchange. It is based in Singapore and offers different products, including spot, derivatives, Forex, and copy trading. Furthermore, BYDFI is a highly user-friendly platform, which provides leverage up to 125x, crypto-to-crypto conversions, low fees, copy trading fiat deposits, and much more. 

    To learn more, check out the BYDFI review.

    Bydfi Vs Bitget Vs Bingx: Copy TradingBydfi Vs Bitget Vs Bingx: Copy Trading
    Features Description
    Countries Availability  Available in 150 countries
    Available Cryptocurrencies 43 cryptocurrencies
    100+ crypto trading pairs
    Copy Trading Fee No exchange fee
    8-10% fee to the professional trader which you were following
    General Fee Deposit: free
    Withdrawal: 2 USDT
    Spot trading: 0.1%
    Overnight: Margin * Leverage * 0.05% * Overnight Days
    Professional Traders Payment Get 8% commission from the profits
    Regulations Singapore ACRA 
    USA’s MSB 
    Estonia’s MTR 
    Order Types Market Order
    Limit
    Stop Loss
    Take Profit
    Minimum and Maximum Investments Copy Trading – 2 USDT (min)
    Max Single Copy margin – 100 USDT
    Maximum limit – 12000 USDT
    Leverage  1:5 to 1:125
    Demo Account No
    App Availability Android and iOS

    What is Bitget?

    Bitget exchange is based in Singapore and offers spot trading, derivatives trading, and copy trading globally. Furthermore, it has over 1.5 million registered users and acquired licenses from Singapore, Canada, the USA, and Australia. To learn more, take a look at our Bitget review

    BitgetBitget
    Bitget

    Copy Trading with Bitget

    Several proficient traders are present on Bitget, which is an excellent advantage for the new traders. As a result, the traders can maximize their profits without constantly monitoring and analyzing the market data.

    Additionally, the users can access copy trading features with one click on the website and the Bitget app (Android & iOS). Finally, users should go through the profiles of experienced candidates to thoroughly understand their strategies, method, history, and style.

    Bitget Copy Trading: Followers

    • Firstly, a follower has to select the traders that they want to mimic. Then they can sort through the profiles based on trading history, performance, win ratio, ranking, etc.
    • A follower has the authority to modify the settings according to the contract chosen.
    • Bitget keeps the record of all copy trading transactions so that the user can view and analyze the returns.
    • This platform is completely transparent. Hundreds of professional and experienced traders are present to choose from.
    • Moreover, the followers can expand their profits and reduce risk by following more than one trader at a time. 
    • Lastly, bitget allows the follower to change, stop loss, take profits, etc., according to their requirement.
    Bitget Copy Trading: FollowersBitget Copy Trading: Followers
    Bitget Copy Trading: Followers

    Bitget Copy Trading: Traders

    • A user can apply to become a trader after fulfilling specific requirements.
    • The requirements include mandatory KYC, and the contracts should have no open orders, no positions, no stop limit, and no following any traders.
    • Any trader on Bitget can charge a maximum of 10% share of their follower’s profit through copy trading.
    • The crypto community present on Bitget helps the traders to gain more followers and thus expand their profit.
    • The traders have to meet specific deposit requirements described in the table below so that their followers can start copying them.
    Deposit requirement (USDT) Number of followers
    More than equal to 500 and less than 10,000 50
    More than equal to 10,000 and less than 5,000,000 100
    More than equal to 5,000,000 150

    What is BingX?

    With low fees, high transaction speed, a reliable trading environment, and more than a million registered users, BingX exchange comes under one of the best cryptocurrency exchanges present. This exchange provides various services such as instant spot exchange, derivatives pairs for trading cryptocurrencies to their users.  

    Bydfi Vs Bitget Vs Bingx: Copy TradingBydfi Vs Bitget Vs Bingx: Copy Trading
    BingX

    Copy Trading with BingX

    BingX invites users to invest smartly and expand the profits significantly by following elite traders. Established in 2018, it offers one of the fastest and secure networks to execute contract trading. Also, it provides copy trading services to its users to copy and implement tested strategies to build up a good portfolio and get high returns. 

    BingbonBingbon
    BingX Crypto Social Trading

    BingX Copy Trading: Followers

    • A follower can take the help of the BingX community to check the profile of the trader they want to follow or copy their moves.
    • They can narrow down their search with the help of filters such as ranking, followers, total assets, profit rate, and much more, up to as shown in the image below.
    • The users can modify their settings to include a daily limit on the trading.

    BingX Copy Trading: Traders

    • On BingX, a trader can get up to an 8% share of their follower’s profit. 
    • Each trader has graphically recorded trading data as shown below that is visible to their followers. 
    Bingbon Copy Trading: TradersBingbon Copy Trading: Traders
    BingX Copy Trading: Traders

    MoonXBT vs Bitget vs BingX: Pros and Cons

    Name Pros Cons
    MoonXBT Several parameters are given to sort the traders as per the preference of the followers.
    Simple process to become a trader. 
    Copy-trading has just been launched on MoonXBT.
    Bitget Hundreds of veteran traders to choose from.
    A trader can charge up to a 10% share in their followers’ profits.
    KYC verification is mandatory to become a trader. 
    BingX The BingX community assists users in searching for their ideal trader.
    The trading data of all the traders is entirely transparent.
    A trader is entitled to only 8% of the profit of their followers, which is comparatively low.

    Conclusion: MoonXBT vs Bitget vs BingX

    All three platforms provide Copy Trading services with similar functionalities and features. Still, MoonXBT and Bitget offer higher per cent profit shares than the BingX exchange. On the other hand, BingX offers a fast trading experience to its users. Moreover, both Bitget and BingX are regulated by authorities of different nations. On the other hand, MoonXBT provides a lot of new features to followers as well as traders.

    Frequently Asked Questions

    How can I cancel copy-trading on MoonXBT?

    Copy-trading can be cancelled in two ways: 
    Active cancellation: A user directly cancels the copying task through the settings.
    Passive cancellation: if any order is not copied three times due to low balance or any other reason, copy trading automatically gets cancelled

    What are the limits to copy trading on MoonXBT?

  • The daily limit of MoonXBT exchange for copy trading is 50000 USDT. The account balance should be more than 20 USDT.
  • Can Australians access BingX copy trading?

    Yes, users from Australia can get started with copy trading on BingX in just a few simple steps. Also, BingX is regulated by AUSTRAC so that the users can use the platform without any worries. 

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