Is copy trading more convenient—and a faster way to lose money? Binance Wallet launches official CopyTrade: automatically follow smart money, and automatically copy the risks too 😎
Officially announced on October 20: Binance Wallet has launched its CopyTrade feature.
Simply put: find an on-chain wallet you like, select it, set how much to copy per trade and your take-profit and stop-loss levels,
and your wallet will automatically follow its trades. You can stop at any time—no need to watch the chain and copy trades manually.
How it works (three steps):
1. Choose a wallet: pick one from the leaderboard or paste in a wallet address;
2. Set your parameters: choose the amount to buy per trade and your take-profit and stop-loss prices;
3. Start copying: the system executes trades automatically, and you can stop whenever you want.
There’s no limit on the types of tokens supported: you can copy-trade Meme coins and bStocks tokenized stocks, and the official announcement says other tokens are supported too.
bStocks runs on BNB Chain, and you can use
$BNB for gas directly in the wallet, making the on-chain copy-trading experience seamless.
Here’s the reality: in the past, copying smart money meant watching the chain and following trades manually. By the time you spotted a buy, they’d already bought in—being a step behind was the norm. This tool solves the speed problem, but it copies the risks too: if they sell at a loss, you’ll have to follow suit. Watch out for one particular tactic: someone may deliberately build an impressive-looking track record, then dump their holdings once copy traders join in. So before you start copying, be sure to check their history, keep each trade small, and set a stop-loss. Don’t skip any of these three steps.
One more reminder: copy trading and making a profit are two different things. It simply turns “copy manually” into “copy automatically”—your gains or losses still depend on the trader you follow. Markets can be highly volatile, so if you’re unsure, start with a small amount.
I’ll keep following tools like this and share any new features as soon as they appear.
Would you consider using copy trading? Let’s discuss in the comments.
Source: PANews report dated October 20; Binance Square official announcement (
#copytrade topic page). Image: Binance Wallet official promotional material.
For informational purposes only; this is not investment advice.