Frequently Asked Questions on Binance Spot Copy Trading

Binance Spot Copy Trading products and services are only available to users who have completed identity verification with proof of address and are from eligible regions.

1. What is Binance Spot Copy Trading?

Binance Spot Copy Trading is an automated trading system. It allows users to participate either as lead traders, whose portfolios can be copied by other traders, or as copy traders, who replicate the portfolios of lead traders.

Once you’ve set your investment amount, the system will automatically copy the trades made by the selected lead traders.

2. Can I lead and copy trades simultaneously?

Yes, you can have one Lead Trading Portfolio and up to 10 Copy Trading Portfolios simultaneously.

3. Is my Spot Copy Trading Portfolio shared with my Binance Spot Account?

No, the Spot Copy Trading Account is separate from the Binance Spot Account.

4. How many spot trading pairs do copy trading support?

Currently, Spot Copy Trading supports more than 100 pairs. The list may be adjusted from time to time based on market conditions. You may view the supported pairs on the trading page.

5. What's the difference between lead trading and spot trading?

To provide better trading experience for lead traders, the trading process, interface, and tools in lead trading are similar to spot trading. However, profit sharing is a feature exclusive to lead trading.

6. What benefits do lead traders enjoy?

Lead traders enjoy several benefits, including a 10% profit share from their copy traders. The remaining 90% goes to the copy traders. Additionally, they receive a 10% commission from their copy traders’ trading fees.

7. How many portfolios can a copy trader copy at the same time?

Copy traders can copy up to ten portfolios at the same time.

8. What are [Fixed Ratio] and [Fixed Amount] copy modes?

[Fixed Ratio] and [Fixed Amount] copy modes serve different purposes. In the [Fixed Amount] mode, a fixed amount per trade is set by the copy trader. While in the [Fixed Ratio] mode, the copy trader sets a total portfolio investment amount, and the system copies trades in proportionally based on the entered amount.

9. How does the slippage protection work?

The slippage protection feature ensures that trades are executed at fair prices by setting a maximum slippage limit. This prevents the system from copying trades at significantly deviated prices. Currently, the slippage protection is set at 0.3% for BTCUSDT and ETHUSDT pairs, and 0.5% for all other trading pairs.

10. Why did copy trading fail?

Copy trading may fail due to several reasons:

• Insufficient available balance in the copy portfolio;
• Limit or stop-limit orders used by the lead trader may not be fully filled;
• Exceeding the set limit for market slippage;
• The notional value of the order falling below the symbol’s minimum requirement.

11. Does copy trading guarantee profits?

No, copy trading does not guarantee profits and carries a significant level of risk. It’s important to practice proper risk management and invest wisely within your financial means.

12. Can sub-accounts copy portfolios or start lead trading?

No, copy trading is not supported for sub-accounts.

13. Can I receive Binance Referral Program commission for lead/copy trading?

Yes, your inviter can receive referral commission from your lead or copy trading fees.

14. How do I track my copy trading balance history?

At the bottom of the Spot Copy Trading page, you can view the [Balance History] under the Portfolio History section.

15. Will the 10% profit sharing and 10% commission affect my existing referral fee structure?

No, it will not affect the original referral fee structure.

16. What will happen if I withdraw all the funds in my Copy Trading Portfolio?

Your copy trading portfolio will be closed. If you wish to continue using Spot Copy Trading, you will need to start a new Copy Trading Portfolio.

• The minimum portfolio balance required for copy traders is 10 or 100 USDT depending on whether Fixed Amount or Fixed Ratio mode is selected.
• The minimum portfolio balance required for lead traders is 500 USDT.

17. How can I withdraw my funds from the Spot Copy Trading Portfolio?

To withdraw funds, close the running portfolio and click the [Adjust Balance] to add or remove funds from the Copy Trading Portfolio. If there are any pending orders, please cancel them to close the portfolio.

18. I have assets with a low balance in my Copy Trading Portfolio and I’m unable to trade them. How can I transfer them back to my Spot Account?

The funds will be returned to your Spot Account once the Copy Trading Portfolio is closed.

19. Why are my assets converted to USDT?

Token balances above 10 USDT will be converted to USDT and returned to your Spot Account. If your token balance falls below 10 USDT, your tokens will be returned directly to your Spot Account in the original token.

20. Why do Futures and Spot Copy Trading support different countries/regions?

Futures and Spot Copy Trading is available in different countries/regions based on respective country-specific legislation and regulatory constraints.

21. Are assets shared between Futures and Spot Copy Trading Portfolios?

No, assets are not shared between Futures and Spot Copy Trading Portfolios.

22. Why can't copy traders withdraw assets/USDT after closing their portfolios?

When a copy trader closes their portfolio, the system initiates an automated process to sell all tokens and convert them into USDT, which is then transferred back to the user's Spot Account. It's important to note that tokens with lower liquidity may take longer to be processed and sold. Consequently, until this process is fully completed, the copy trader might not be able to withdraw these assets.

23. How to withdraw all assets from my Copy Trading Portfolio?

• Lead traders: You can cancel all pending orders and sell all tokens to USDT, then click [Close] to stop the running portfolio. Next, go to [Adjust Balance] - [Remove] to transfer the funds back to your Spot Account.
• Copy traders: You can select [Stop Copying] on the ‘Portfolio’ page. If your token balance is higher than 10 USDT will be converted to USDT and returned to your Spot Account. If your token balance falls below 10 USDT, your tokens will be returned directly to your Spot Account in the original token.

24. Why is there a discrepancy in the order amount between lead traders and copy traders?

The order amount may differ depending on the copy mode selected.

25. Why does my portfolio display an Unrealized PNL even though my portfolio balance indicates a profit?

Unrealized PNL is for reference only, and is not included in the portfolio balance calculation.

26. Why don’t my net copy amount and Realized PNL add up?

Realized PNL represents the profit or loss resulting from trades. Users may notice discrepancies when comparing the current balance to the initial investment plus Realized PNL. The following factors can contribute to these differences:

• Currency Conversion: The displayed value is calculated by converting the token value to BTC and then converting it again to the display currency (e.g., USDT). Thus, it involves two exchange rates, which can result in differences.
• Price Fluctuations: The balance can be affected by token price changes. For example, if ETH was bought at a much lower price than the current market price, even with a loss from the trade, the user may still see an increased balance due to the higher ETH price.

27. Some of my assets were sold at a profit but it is not included in the Realized PNL. Why?

Realized PNL is updated only when the entire token balance is sold. Therefore, if only a portion of the token balance is sold, it will not show up in the Realized PNL section.