To start copy trading Binance Coin (BNB) on eToro, first find a trader who specializes in BNB and visit their profile. Adjust your copy trading settings, including the amount you're willing to invest. Then, simply click the "Invest" button to begin copying their Binance Coin trades.
Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has garnered significant attention in the trading community. However, some traders may find the Binance platform restrictive or complex. Fortunately, eToro offers an alternative through its copy trading feature, especially for those interested in BNB.
This article I've crafeully written aims to guide you in leveraging eToro's copy trading to mirror the strategies of seasoned BNB investors. I'll also share my approach to selecting traders, which could help you find a crypto investor that suits your trading style.
With a community of over 30 million traders, this platform offers a vast array of options. However, this abundance can be overwhelming when deciding whom to follow and copy.
☝️ Here's my tip: To simplify this, I recommend using the "Copy Binance Coin Investors" section on the BNB asset page. This feature streamlines the process of finding relevant traders by providing a curated list of recommended investors, thus bypassing the need for complex filtering in the CopyTrader tool.
In the Overview tab of the BNB asset page, scroll past sections like Graph, Latest News, and About until you reach the list of BNB-focused investors. This list displays each trader's name, username, and performance status (green for profit, red for loss), offering a targeted selection of profiles actively trading in BNB.
Once you've identified a trader whose strategy resonates with you, here’s how to start copying their BNB trades:
The final step in copy trading on eToro is making an informed decision. With a wide range of crypto traders to choose from, it's crucial to thoroughly review their portfolios. In my case, I looked at their trading statistics, historical performance, and risk score to ensure that they align with my investment goals and risk tolerance, so I suggest going by this method.
Copy trading isn't just basically mirroring someone's investments. It also involves selecting the right trader and also continuously monitoring their strategies and performance to stay aligned with your investment objectives.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.