How to Copy Trade Bitcoin Cash on eToro?

Written by Nick Zelver

Fact checked by Wikitoro Team

Updated Mar, 2024

In order to copy trade Bitcoin Cash on eToro, you need to find and select a trader who specializes in BCH. Once you've chosen a trader, set your preferred investment amount and other copy trading parameters. Then, simply click the "Invest" button to begin mirroring their Bitcoin Cash trading activities.

Understanding BCH Copy Trading on eToro

eToro's copy trading feature presents an intriguing opportunity, especially for those interested in cryptocurrencies like Bitcoin Cash. In this article, I'll delve into how to leverage this feature to mirror the BCH trades of seasoned investors on the platform.

Identifying Skilled BCH Traders

While there are numerous methods to locate crypto traders on this social investment network, I found the most direct approach is through the "Copy Bitcoin Cash Investors" section directly on the Bitcoin Cash asset page.

This section is situated within the Overview tab. By scrolling past the Graph, Latest News, About, and People Also Bought sections, you'll find a curated list of investors who specialize in BCH. This list displays each trader's name, username, and their performance status (indicated in green for profit and red for loss), offering a streamlined selection of profiles actively trading in BCH.

🔍 Why use this?

I prefer this technique as it simplifies the task of finding relevant traders. The platform does the heavy lifting by providing a refined list of recommended traders, saving time and effort.

How to Copy a BCH Trader on eToro

To begin copying an eToro Bitcoin Cash trader, follow these steps:

1. Navigate to the profile of the BCH trader you wish to copy.
2. Click on the "Copy" button, which opens the "Copy this Investor" dialog.
3. Enter the amount you're willing to invest, with the minimum set at $200.
4. Ensure the "Copy Open Trades" option is selected to include their current active trades.
5. Consider setting a Copy Stop Loss to limit potential losses if the market turns.
6. Hit "Invest" to start copying the trader's moves.

Making the Final Decision

With the process outlined, the final decision rests with you. eToro offers a wide array of traders to follow and copy, so it's crucial to examine their portfolios thoroughly. Assess their statistics, past performance, and risk score to ensure they align with your investment goals and risk appetite.

Remember, successful copy trading involves careful selection and ongoing monitoring of your chosen trader's strategies and results.

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.