Best Bitcoin Copy Trading Groups
Cryptocurrency is the talk of the town; loads of fresh faces are diving into the industry for the first time.
Crypto trading has attracted massive popularity, and the prevailing Covid-19 pandemic spurred it on. Many individuals are looking for alternative income sources; however, they lack the knowledge required to trade cryptocurrencies. In addition, many so-called experts claim to offer signal services to new traders, but the crypto market is often full of scams.
Many groups offer trading signals at premium prices, but their accuracy is questionable, and trading cryptocurrencies is not accessible. Therefore, you must familiarize yourself with the industry and choose the services of a group that has the expertise to match the unpredictable market.
A service that has gained popularity is copy trading in telegram groups, and we will outline what this entails in this article.
What is Bitcoin?
Bitcoin is considered the king of the crypto world. One of the reasons for this is that it was the first-ever digital currency, created in 2009.
Bitcoin is a digital currency that is used as a medium of exchange for goods and services. A mysterious individual or group created Bitcoin under the pseudonym, Satoshi Nakamoto.
Since it is a digital currency, it does not exist physically, and the technology exists in a public ledger system known as the blockchain. That being said, you cannot touch, feel, or buy it like other fiat currencies. The technology behind the transactions while exchanging crypto requires a considerable quantity of computing energy.
One of the reasons Bitcoin or any other cryptocurrency has gained so much popularity is that digital currencies are decentralized. Decentralization means that they are not controlled or cannot be manipulated by a government or banking system.
At the time of writing this article, Bitcoin ranked 1st on CoinMarketCap with a market capitalization of approximately $846,458,468,564 and a daily trading volume of $35,221,342,268.
What is copy trading?
As the word says, Copy trading is copying someone else's trades through an automated or manual system, like Cornix. In an automated system, the leading trader would link their account to the other traders in the network. For manual copy trading, you would take signals provided by a signal group and place the trades manually in your account.
There are many crypto exchanges and brokers that offer copy trading as an additional feature. All that would be required is to open an account and to link to the person from whom you intend to copy trade. The broker or exchange would have the technological infrastructure to connect accounts to execute the trades manually.
Copy-trading has become a popular choice, especially for those new to crypto trading since it can be a daunting market. The concept of social trading further promotes copy trading.
By this, you may have noticed that you are leveraging an experienced trader. This, as a result, gives you a chance to profit from the market even if you are a beginner.
Top 5 Bitcoin Copy Trading Groups
This section has listed the best five Bitcoin copy trading groups, and we will review their offerings on your behalf.
MYC is a team of expert traders and has been a leader in the industry for more than four years. The team provide Bitcoin copy trade signals via their Telegram community and Premium groups.
Furthermore, the following exchanges: Binance futures, Bybit crypto, Deribit, Binance, BitMEX, KuCoin, Bittrex, and Huobi supports their crypto trading. They have a community of over 35,000 and a Premium group of 900+ members.
They offer 50-70 signals per month, generated by a pro team of traders. MYC signals provide through the different exchanges, the automated trading feature.
The group also offers customer support 24 hours, seven days a week.
MYC offers monthly, 3-monthly, and lifetime signals subscription packages. In addition, MYC offers an all-inclusive discount package, also structured for monthly, 3-monthly, and lifetime packages. You can also use the Cornix bot to follow trades automatically.
Included in the packages are swing trading, long positions only, and they provide spot signals. Leverage is customized as per the price plan that you choose. Signals start from 1-2 on the monthly spot trading package, with up to five signals per week on the BTC futures package.
Pricing is structured according to BTC-only Spot, BTC+Alt spot and BTC Futures.
- BTC-only spot – $60
- BTC+Alt spot – $120
- BTC Futures – $150
- BTC-only spot – $150
- BTC+Alt spot – $300
- BTC Futures – $400
- BTC-only spot – $700
- BTC+Alt spot – $1500
- BTC Futures – $1800
MYC also offers a trading course in cryptocurrencies. The course is designed to enable you to make $100 of passive income monthly. The cost is $50 once-off, and some of the topics covered in the course are:
- How to trade cryptocurrencies using profitable trading strategies
- How to use technical analysis tools and chart patterns
- How to read and analyze cryptocurrency charts
- Risk management
- How to use support and resistance
Verified Crypto Traders
Verified Crypto Traders consists of traders from different countries worldwide; however, their headquarters is in the Netherlands.
They aim to provide a stress-free crypto trading experience by providing the tools and knowledge for the volatile crypto market.
They use Telegram as a communication platform and has three channels, including a Platinum group.
The group uses the Bitmex and Binance futures exchanges to support their trading.
Verified Crypto Traders has structured their pricing in four plans: monthly, 3-monthly, 6-monthly, and 12-monthly. All packages include ALT/BTC signals, weekly video updates, exclusive webinars, and are trading bot ready.
VCT has priced their plans as follows:
- 1-month – $99
- 3-monthly – $270
- 6-monthly – $540
- 12-months – $999
VCT has a concise “Cryptocurrency for beginners” educational tutorial and crypto-related articles on their website.
4C Trading consists of a team of 15 traders and has numerous years of experience. They have a group exceeding 7000 members. 4C trading has developed a trading bot that is integrated with the Telegram platform.
They offer monthly and annual subscription packages: Beginner, Advanced, and Expert.
Monthly packages include market analysis, Chart support, Smart bots, and a 7-day trial.
4C Traders Smart bot is compatible with Bitcoin auto trading. Annual packages have the same benefits but at a lower monthly rate.
- Beginner – $59
- Advanced – $139
- Expert – $179
If you subscribe to the annual package, your monthly payment is slightly less per package.
- Beginner – $48
- Advanced – $112
- Expert – $144
Other offers from 4C trading are an affiliate referral service whereby you can earn a commission from referring friends to sign up with the group.
They consist of a team of pro traders from Europe and Israel. WhaleTank’s benefits include advice based on quantitative and qualitative research, online presence to assist clients, and security of funds integrated with Telegram.
The WhaleTank team operates their copy trading service via the Telegram platform. They have 19000+ members in their free channel and over 629 premium members.
WhaleTank has four pricing plans: Plankton, Shrimp, Shark, and Whaletank. Plankton is a lifetime free package, which gives you access to free signals, customer support, essential website support and access to the public channel.
Shrimp, Shark, and Whaletank offer access to the premium channel, premium signals, Whaletank auto trades, and premium customer support.
Packages pricing are as follows:
- Plankton free
- Shrimp is a 3-monthly plan – 01 Bitcoin
- Shark 6-monthly – 02 Bitcoin
- Whaletank lifetime – 0.07 Bitcoin
Mike Crypto Signals
The only group that doesn't own a website, all communication is done via the Telegram platform. Their service has been available since 2017.
They have two premium channels, spot trading and futures trading. They use the Binance and Binance futures exchanges to support their trades. Their price plans are structured according to monthly, 3-monthly, annual, and lifetime.
Premium service includes full access to their market analysis and signals. Spot channels receive 20-30 signals per month. In the Futures channel, you can receive 50-60 monthly signals. They also use the Cornix bot to auto-follow signals. They offer a 24/7 chat service for consulting and support. Furthermore, they support English and Spanish languages.
Pricing is as follows:
- 1-Month subscription – 250$
- 3-months subscription – 550$
- Annual subscription – 1500$
- Lifetime subscription – 2250$
Pros and Cons of copy trading
Like any form of investing or trading, there are upsides and downsides since the financial markets; crypto included, are unpredictable. Therefore, we have listed the pros and cons here for you to consider.
- No technical analysis is required.
When you participate in copy trading, you are not required to perform any technical market analysis.
- Highly profitable
Copy-trading can be highly profitable if you copy a trader/group with excellent performance history.
- No emotions involved
You don't have to deal with the emotional distress from trading since the leading trader makes all the decisions, allowing you to trade in a relaxed mood.
- More free time
Copy trading doesn’t require you to sit in front of the charts and monitor the market anxiously. You will have more time to do other things.
- You are not in control.
Since you rely on someone else’s trading strategies and decisions, you do not control how the signal is generated.
- Bad traders can cost you.
If you copy from a trader with a poor performance history, you risk losing your funds. Some traders take high risks, which, if your capital is insufficient, can cost you dearly.
Copy trading is gaining interest, especially in the crypto trading niche. However, you should consider the pros and cons carefully before embarking on this journey, as with any form of trading and investing.
However, the benefits outweigh the losses if you choose the right group wisely. As a beginner trader, it is advisable to subscribe to a copy trading service since you lack the knowledge, confidence, and experience to trade the market on your own. Many services, like MYC signals, have a free telegram channel where you can test the waters before you commit to a purchase.
Cryptocurrencies are unique and highly susceptible to social media's influence; for instance, it is precarious to attempt it on your own if you are a complete beginner. In addition, the cryptocurrency industry is vulnerable to scamming and fraud; therefore, it's in your best interest to sign up with a reputable group which will give you the assurance of safe and secure transactions. The five groups that we have reviewed are the top-rated in the industry, and you can therefore decide, based on our review of their offerings and services, are ideal for you to start crypto copy trading.