Binance Spot Copy Trading Guide (Lead Traders)
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What is spot copy trading?
Spot copy trading is an innovative feature that enables users to copy real-time trades of experienced traders, also known as lead traders. This allows lead traders to showcase their trading skills and decision-making expertise, enhancing their professional reputation and credibility. Additionally, they can unlock extra rewards from ongoing campaigns and earn a share of profits from traders who copy their trades.
How to manage spot copy trading assets?
To use spot copy trading, lead traders must transfer their assets for copy trading from Spot Wallet to Spot Copy Trading Wallet. This prevents the assets from being withdrawn, transferred out, or used for other trading operations during the copy trading process.
Please note that you cannot withdraw assets directly from the Spot Copy Trading Wallet. You’ll first have to transfer the assets back to your Spot Wallet if you wish to withdraw the assets. This can be done once the duration of your copy trading ends.
You may also add or remove assets from a running portfolio and review the asset transfer records on the history page from [Transfer History].
How to become a lead trader on spot copy trading?
To become a spot copy trading lead trader, you must have a verified Binance account.
1. Log in to your Binance account and go to [Trade] - [Copy Trading].
2. Go to [Spot copy trading] and click [Become a Spot Lead Trader].
3. Set up your lead trader profile. Enter a nickname, portfolio description, and choose [Spot] as the lead trade type. Then, enter the amount to transfer from your Spot/Funding/Earn Wallet to your Lead Trader account (minimum 500 USDT, maximum 250,000 USDT). Read the User Service Agreement and check the box next to [I have read and agreed to the User Service Agreement]. Click [Confirm].
