Sign up on Binance via their website or app and complete email and identity verification.Deposit funds into your Binance account. Go to the [Wallet] section, select [Deposit], choose your preferred cryptocurrency or fiat currency, and transfer funds from an external wallet or bank account.Access the Copy Trading Feature:Log in to your Binance account.Navigate to the [Trade] menu and select [Copy Trading]. Alternatively, use the search function in the app and type “copy trading” to find the section.
Select a Lead Trader:Browse the list of Lead Traders on the Copy Trading page. Each trader’s profile includes performance metrics like Return on Investment (ROI), Profit and Loss (P&L), Maximum Drawdown (MDD), and Assets Under Management (AUM).Evaluate traders based on:Trading Performance: Look for consistent profits over a longer period (e.g., 90 days).Risk Tolerance: Ensure their risk level aligns with yours.Trading Style: Check if their strategy (e.g., day trading or long-term) suits your goals.Sharpe Ratio: A higher ratio indicates better risk-adjusted returns (Sharpe Ratio > 1 is good).Avoid traders with erratic results or high leverage without solid risk management.Allocate Funds and Choose Copy Mode:Your Copy Trading account balance is separate from your main Binance account. Transfer funds from your Spot Wallet to the Copy Trading Wallet.Select one of two copy modes:Fixed Amount: Set a fixed amount per trade (e.g., 20 USDT per order). Minimum balance required is 10 USDT. Suitable for precise control over investment.Fixed Ratio: Trades are copied proportional to the Lead Trader’s position size and your allocated funds (e.g., if they invest 10% of their portfolio, you invest 10% of yours). Minimum balance required is 100 USDT.Customize settings like Total Stop Loss to limit potential losses or Take Profit to secure gains.Start Copying and Manage Risk:Click [Copy] after setting your investment amount and agreeing to the service terms. The system will automatically replicate the Lead Trader’s trades in real-time.Use Binance’s risk management tools, such as setting maximum loss limits or allocating only a portion of your capital to copy trading.For Futures Copy Trading, monitor margin levels closely, as Lead Traders may adjust margins, increasing risk. You can adjust leverage and margin mode in [Advanced Settings].Monitor and Adjust:Regularly check your account to track the performance of copied trades and market conditions.You can adjust settings, add/withdraw funds, or stop copying a trader at any time (note: some portfolios may have a lock-up period, limiting withdrawal until it ends).To stop copying, click [Stop Copying]. Open positions will close at market price, and remaining funds will return to your Spot Wallet.Understand Fees and Profit Sharing:Standard trading fees apply based on your Binance account’s VIP level. No additional fees are charged for copy trading.Lead Traders earn a 10% commission on your realized profits, settled weekly on Mondays.Tips for Success:Start Small: If you’re new, begin with a small amount (e.g., 10 USDT for Fixed Amount mode) to test the feature.Diversify: Copy multiple traders with different strategies to spread risk.Be Patient: Profits may take time, and market volatility can lead to losses. Only invest what you can afford to lose.Learn from Trades: Use copy trading to study Lead Traders’ strategies and improve your own knowledge.Avoid Over-Reliance: Even top traders can incur losses. Regularly assess their performance and be ready to switch if results decline.Risks to Consider:Market Volatility: Copy trading doesn’t guarantee profits, and losses can occur if the Lead Trader’s strategy fails.Trader Dependence: Your success relies on the Lead Trader’s decisions. Poor performance or high-risk strategies can lead to significant losses.Lock-Up Periods: In Futures Copy Trading, some portfolios may restrict withdrawals during a lock-up period unless you use an unlock option (one per user, with a 30-day wait for a new one).Always conduct thorough research and use risk management tools to protect your funds..