How it Works
How Does It Work?
Here is how the copier works: You, as an investor, simply select an expert or experts that you want to copy trades from. Once you are signed up, the only actions needed on your part, are to setup your exchange API keys, assign allocation percentage for each expert, and ensure live trading is set to true. Once you’ve taken care of the above, you are all set. There are no codes that you need to run or signals for you to manually input. Our software will handle the trade copying automatically on your behalf.
We monitor your experts trading activity and as soon as there is a trade, we calculate all the necessary parameters and execute a trade in your exchange account. Any cryptocurrencies, other than the base currency pairs of BTC, ETH, and USDT on the exchange, that you purchase independently of the trade copier will be unaffected. As well as any coins that you have personally purchased will not be affected.
The copier works based on trade percent amount. So, for example, if your expert takes a position in XYZ coin for a total of 10% of his account value and you are 100% allocated to that expert, then CopyMe copier will also execute a trade in your account in the amount of 10% of your account value. If you have allocated 65% of your account to that expert, then it will execute 6.5% of your account instead of 10%. The only thing you have to make sure of is that you have enough available base currency (BTC, ETC, etc) that your expert trades with, in your exchange account.
How much is enough? First, you must meet the exchanges minimum order amount (let’s say about $10 per trade to be safe). That means that if your expert executes a 5% order, you must have at least $300 in your account total value (at 100% expert allocation as an example). This also means that you need to have at least 10% or higher in available base currency to avoid missed trades. Every time there is a trade execution, you will be notified via email with the order details and if there were any errors and how to fix them. When the expert exits a position, you too will exit it. Automatically. You can also pause any trading activity with one click in your back office and change allocation at any time.
Frequently Asked Questions
How does this work?
Here is how the copier works: You, as an investor, simply select an expert or experts that you want to copy trades from. Once you are signed up, the only actions needed on your part, are to setup your exchange API keys, assign allocation percentage for each expert, and ensure live trading is set to true.
Once you’ve taken care of the above, you are all set. There are no codes that you need to run or signals for you to manually input. Our software will handle the trade copying automatically on your behalf. We monitor your experts trading activity and as soon as there is a trade, we calculate all the necessary parameters and execute a trade in your exchange account.
The copier works based on trade percent amount. So, for example, if your expert takes a position in XYZ coin for a total of 10% of his account value and you are 100% allocated to that expert, then CopyMe copier will also execute a trade in your account in the amount of 10% of your account value. If you have allocated 65% of your account to that expert, then it will execute 6.5% of your account instead of 10%.
The only thing you have to make sure of is that you have enough available base currency (BTC, ETC, etc) that your expert trades with, in your exchange account. How much is enough? First, you must meet the exchanges minimum order amount (let’s say about $10 per trade to be safe). That means that if your expert executes a 5% order, you must have at least $200 in your account total value (at 100% expert allocation as an example). This also means that you need to have at least 10% or higher in available base currency to avoid missed trades.
What are the fees?
We do not charge you any setup, maintenance, profit sharing, commissions or transaction fees. The only fees we charge are the monthly subscription to the experts that they set.
Which exchanges do you work with?
We currently support BitMEX and Binance exchanges.
What is the recommended amount to start with?
We suggest to have around $300-$500 in your account in BTC value due to exchanges minimum order requirements and so that you can at least cover the subscription cost every month.
Who are the experts?
We carefully select expert applicants. We get to know them as a trader and examine their trading performance over a period of time. We also tend to look for expert who already have a following to further confirm their competence (social proof). You can also read about every expert on their individual performance pages.
Where is CopyMe based in?
We are based in Michigan USA and are incorporated in Wyoming (“the blockchain state”).
Who are the CopyMe founders?
CopyMe was founded by 2 traders. We were looking for ways for our friends/family and investors to copy our trades and since there was no other service like this available we decided to build one.
Will my current coin holdings be affected?
Any cryptocurrencies, other than the base currency pairs of BTC, ETH, and USDT on the exchange, that you purchase independently of the trade copier will be unaffected. As well as any coins that you have personally purchased will not be affected.