The concept of cryptocurrency trading might be in the too hard basket for you right now.
This is understandable, considering it is still such a new industry, and very little is known about it if you aren’t an experienced trader.
There are some people that have decided to take the risk, and a lot of the time, with great risk, comes great reward, but also a lot of the time, there comes great loss.
One of the biggest issues with the cryptocurrency trading industry is that there is just so much information out there about how to invest that it can make your head spin.
With the endless information available, you are probably super overwhelmed at this point, and the process of even thinking about your first trade is more than you can handle.
However, what if we had a solution for you that meant that you could begin trading right now, without having to spend a lot of resources and time, and you could even learn from professional traders, study the strategies that they use, and copy them?
All of this can be achieved through crypto social trading.
Crypto social trading lets newbies see what professional traders are doing, and based on what they see, they can implement their own strategies.
Best Crypto Social Trading Networks & Platforms in 2022
eToro – #1 Crypto Social Trading Network
eToro is a great option for a crypto social trading platform because they are actually considered a pioneer of social trading.
This means that they have millions of people trusting them in more than 140 countries.
They were developed back in 2007, and as a result, they have grown to be one of the most trusted networks when it comes to social trading for cryptocurrency, but also other things, like stocks, currencies, and commodities.
The advantages of this crypto social trading platform are their user-friendly interface, as well as the ability to open an account really easily, and they also offer new clients a free practice account with virtual money.
This way, you can test out your trades before you execute them live. They also have unlimited daily withdrawals, zero commission, and an excellent community for you to be involved in.
Security is top notch, and when it comes to their pricing, they are going to charge you for withdrawals, which is going to be a fee of $5.
They put a lot of attention into their novice investors, which is why they have such a user-friendly interface, and they have a completely functioning demo as well.
You are able to access a lot of advanced social trading features, which means that you can easily copy the trades of other investors and learn from some of the best.
They can also help you create a custom newsfeed, so that you can be in touch with all of your favorite cryptocurrency trading investors at all times.
Pionex – Best Crypto Social Trading Bots
Pionex is easily one of the best crypto social trading platforms in the industry, and the reason for this is that they are completely free to use.
You can copy top traders on the social copy network with a few clicks of a button, it really is as simple as that.
They are legitimately free to use and other than copying other traders, you can also benefit from 16 bots that they have built into their system that can help you with your first trades.
All you need to do to make the most of their features and their bots is to enter your email address, and you’ll receive their bots completely for free.
You can also store your wallet on their network, and they have a number of different bots for you to access, including a grid trading bot, as well as an arbitrage bot, so when you learn more about the industry, and how to make it work for your benefit, you can implement different cryptocurrency trading methods.
They help you trade in US dollars, and they also really prioritize things like safety and security.
We think that it is evident at this point that this is the kind of social training platform that is going to be on your side for a long time, and really help you get ahead of your rivals.
Shrimpy is another excellent crypto social trading platform that is based in the cloud, which means that you don’t have to download anything to use them, and compromise the security of your computer.
They can help their clients with social trading, automated portfolio management, and long-term portfolio growth.
These guys were developed back in 2018, and first started out as a platform that could be used for cryptocurrency investments on a personal level.
This means that they make it super easy for you to grow your crypto portfolio in a way that is automated and learn from the strategies of experienced traders in their community.
They have divided their features into three different categories, their social portfolio management category, there trading category, and their automation category.
They securely encrypt every API key, and they also make sure that their features are affordable, so if you are just getting started and you don’t have a lot of money to spare, you can afford them.
Their social training platform begins at just $19 a month, and this gives you access to backtesting, social trading, portfolio management, and portfolio automation.
The social community that you’re going to find with this cryptocurrency exchange allows you to connect with like-minded traders, so that you can swap ideas, and we think that you are going to benefit from their extensive knowledge base.
There are plenty of other companies out there that can help you with your cryptocurrency trades, but there aren’t too many that can help you on the social level like this.
3commas is another super solid crypto social trading platform that considers itself a smart trading terminal and platform for crypto trading bots.
They say that they provide their clients with the ultimate tools for them to maximize their trading profits, while minimizing things like loss and risk.
If you are someone who knows next to nothing about cryptocurrency trades, and you are worried about how you’re going to learn how to use a platform like this, you don’t have to be, because they have a video tutorial on their website that you can watch before you commit to anything.
They also have a chatbox, so that you can contact the company directly should you have any questions, and the best part is that their trading bots are available and accessible for traders of all different levels.
They have ready-to-use strategies, and of course have a community of like-minded traders, so that you can capitalize on the experience that they have already had in the cryptocurrency industry, and leverage your trades.
Coinmatics is an excellent option as an analytical platform and crypto social trading platform for both professional and beginner traders.
It was developed back in 2018, and it quickly became a top-notch tool for those that are wanting to invest in cryptocurrency and learn strategies from some of the best traders in the industry.
This service allows users to copy cryptocurrency trades either manually or automatically, and as far as traders are concerned, they have plenty of opportunities to make money by increasing your subscriber base and making a profit out of your copied deals.
This means that you are going to be making money not just through your cryptocurrency trades, but just by being on their platform in general.
In fact, their main feature is their social training, which means that they have more than 100 traders that are ready to share their strategies with you.
Before you commit to anything, you can see and evaluate the trades that they have available, and you can check other things like signals history, complete profit, risk level, and trading period.
This means that you are able to make an informed decision about which traders you work with and which strategies you copy, based on their credentials.
They have excellent security, and they don’t charge any commission from investors.
Zignaly is a really helpful crypto social trading platform that is based on the cloud again, so like some of the other social trading platforms on this list, they don’t have to be downloaded to your computer, where you will risk getting a virus.
Again, like other platforms, they were developed back in 2018, and they have since gone on to become one of the most successful automated social trading platforms in the industry.
They offer a number of different automation levels, which means that you can either do everything yourself, or you have semi-automated or complete automated.
They have put their features into different categories, which are their social trading category, their crypto trading bots category, and their trading terminal.
They are super user friendly and can be capitalized on if you want to create a passive income tool. What’s more, the platform has recently become 100% free.
Zulutrade is another top notch crypto social trading platform that was created back in 2007, and can help you automatically follow the trading activity of professional traders around the world, and we think the best way to begin with these guys is to open a demo account, and begin monitoring trader activity, so that you can work out which ones are going to be best suited to your needs.
As a subscriber to their service, you can access various features, and the best part is that you can also trade stocks and commodities on their platform as well, not just cryptocurrency.
They have a blog around fundamental analysis reports, and they update this daily, so that you can keep your finger on the pulse of the best cryptocurrency traders in the industry.
What is Social Trading?
Social trading is a pretty new way of doing things when it comes to cryptocurrency investments, because it allows people instant and consistent access to information generated by other traders, which means that newbies in the field can make the most of successful trades, without even having to know too much about the world of cryptocurrency investments.
Your investment decisions are based on analysis and data performed by other people.
This lets you get assistance from others in your industry, bringing a new social element to trading in general.
Social trading lets people learn faster in the environment, and they can also work with like-minded people for mutual benefit.
Newbies can see how experienced traders invest in cryptocurrency, and they can check out their trading history, and work out why they have done certain things.
It is definitely the way forward if you are right in the beginning phase of your cryptocurrency career, and you still have a long way to go to work out how to be as successful as possible with your trades.
What is a Social Trading Platform?
The thing about the financial market is that it has a huge amount of professional trading platforms and tools that you can make the most of, in order to get the best trading strategy possible.
It is also difficult to imagine how many new trading platforms are going to be developed in the future. This is why it can be very difficult to choose the one that is going to suit your needs the best.
The one thing to know is that all these platforms have the right environment for you to implement successful trades or analyze the market correctly.
Social trading platforms have a similar concept to any kind of social network out there, like Facebook.
You are able to connect to seasoned traders, and create a real community around your trades, so that you can learn from others, and learn how the industry works without being on your own.
It is an excellent way for you to invest your cryptocurrency coins if you are less experienced, and don’t really know which direction to go in.
What Is Crypto Social Trading?
A social trading platform is like a social network, but for cryptocurrency traders.
In the majority of cases, they act as the broker, and let you purchase a number of different assets, including cryptocurrency.
Unlike conventional trading platforms, a social trading platform is going to let you connect with fellow traders that are trading in the same market, or using the same cryptocurrency to trade.
When you do this, you can copy their trading strategies, and you can discuss and share predictions and analytics, ask questions, increase your following, and then learn a lot faster than you would if you were on your own.
What Is the Best Crypto Social Trading Network?
eToro is definitely the best crypto social trading network, because they are simple and easy to use.
They are popular among existing clients, and they have a huge community base already, which means that you’re going to be able to effortlessly slip into an existing community, and gain a lot of knowledge along the way.
If you are somebody who is just starting out in the world of cryptocurrency, and you want to be really able to rely on a cryptocurrency community that is going to help you learn the ropes, then these guys are definitely a really good choice.
What Is the Best Crypto Social Trading Bot?
Pionex is definitely the best crypto social trading bot, because they are free for you to use, and all you need to do to get started with them is enter your email address.
This means that they are arguably one of the easiest crypto social trading bots to use, along with the best, and the good news is that they have bots for all kinds of different strategies.
This means that you can trade socially and get help from the rest of the cryptocurrency community but if at some point you want to be able to implement arbitrage, or even grid trading, you can do so with these bots, and they’re never going to charge you for it.
Perks like these are pretty rare in the world of cryptocurrency, so definitely make the most of these guys.
How Does Social Trading Work with Bitcoin?
If you are trying to trade socially with Bitcoin, all this means is that you are going to team up with your fellow community members and find community members that are also trading in Bitcoin.
Once you’ve been able to do this, you were going to either ask them to share their Bitcoin trading strategies with you, or you are going to share your own Bitcoin trading strategy with them, if you feel like you have landed on a good one.
Having access to some of the best information around cryptocurrency trading in the beginning when you don’t know too much it is invaluable, but it’s even more invaluable when you’ve got people who are actively implementing their own strategies that you can learn from.
Some of the most successful traders in the world, in general, have learned from others, so the more that you can learn from your community and trade socially, the better off you’re going to be.
Make the most of these crypto social trading platforms today and have a look at any demos and tutorials that you can, so that you can work out which ones are going to suit your needs are best.
The great news is that the industry is always expanding, and there are always new platforms coming out, but right now we believe these to be the greatest crypto social trading platforms available.