New to crypto. WHERE DO U GUYS TRADE??

[Queentoshi]

Which sites do u suggest have a reputable “copy trade” option?? I don’t mind fees or commissions. I just want to try the copy trade option while I’m still learning. Thank u!

If you hope to become an independent trader later on in the future, having the intention to earn while you learn can slow the process of learning. Because you already are earning some little amounts from copying the trade of another trader, or from following the signals from a trading group or channel, your eagerness to want to become an independent trader will reduce. In the interest of long-term trading, it is good for a new trader to pass through the process of learning, demo-trading before they want to begin to earn from trading. The process takes some time, and you must be willing to wait without jumping any stage.

[Litzki1990]

If you are brand new then I would tell you that your first step should be learning about trading rather than trading. You have to understand about trading and then trade. If you are brand new to crypto platform but want to start trading then you will make more mistake in training and you can lose your money. There is no rush in these trading platforms, you will have enough time to trade, so first get the idea of trading. You must know about the general issues related to trading. If you are not aware of the primary issues related to trading, you will not understand the right coin to buy, the right time to sell, and the right time to buy. To do the right things at the right time, you must know the basics of trading.

[Lakai01]

Hi All!
I’m fairly new to the crypto world. I’m still trying to learn how to trade. Where do u guys trade?
[...]

If you are completely new to trading then the only thing that really applies to you is: hands off exchanges and hands off real money.
Download a paper trading app (or use Excel) and start with paper trades. In 5-6 months, when you feel fit enough, have got a feel for how the market works and have seen how you react to negative trades yourself, then you can slowly start betting your first real money.

Later on, by the way, you should also keep your hands off copy trading. You will definitely lose money with it - but you will most likely also lose money with trading 

[Oneandpure]

Hi All!
I’m fairly new to the crypto world. I’m still trying to learn how to trade. Where do u guys trade? Which sites do u suggest have a reputable “copy trade” option?? I don’t mind fees or commissions. I just want to try the copy trade option while I’m still learning. Thank u!

I don't familiar with copy trader but for exchange recommended you can try trade in Binance or Kucoin, for depositing fund you can trader or buy USDT trough P2P exchange and looking the most recommended seller there regarding each countries has their own community its self for selling or buying USDT coins. You can make transaction there for buying USDT coins before trading in cryptocurrency and buy which one profitable or potential coins between bitcoin or altcoin.
For the first time I know with cryptocurrency used my own local currency exchange, I bough stable coins such as USDT there are transfer to Binance exchange with option many kinds of altcoin listing than my local exchange have fewest altcoin only for trading. Requirement with KYC when trading on Binance and some global exchange right now, you need prepare your document ID for verifying Binance or other exchange market.

[poodle63]

personally i'm not really into copy trading hence i don't really know whether its gonna be effective or not but there's also reason why most of people that succeed don't really use copy trading i mean if its truly a popular option that could make profit without the need of knowledge to learn about trading related to chart and its pattern i'm sure its already popular from long ago but so far I never seen any people that uses copy trading and getting rich out of it.
you better off learning how to trade on your own honestly, just use demo account and you're set to try all the features as well as figuring out how to really trade by your own.
by not relying on some random trader out there that self proclaim to be the master of trader you're already doing a favour for yourself of losing money probably so there's that.
just don't rely too much on external sources.

[R100K-Martin-Lunger]

A better option would be to trust a reputable and licensed AI trading bot that will relabance your portfolio to maximize your gains. I have enjoyed 173% profit from my investments through this method.

[AndrewRun]

Depends on how to trade and what tools to use, CEX exchange allows you to use futures, P2P trading, that is, it is more convenient to use, but it is more risky if the exchange goes bankrupt, you will lose money. It is better to trade on DEX exchanges, where trading takes place with the help of your wallet, to which no one but you has access, but some instruments are not available there. 

[|MINER|]

The first thing you should do is learn how to trade.  Don't be greedy, greed kills everything in trading.  As you say you are new to trading sector I would suggest you first learn the terms and conditions of trading and practice them.  Moreover, Binance can be a good platform for beginners.  I will give you Binance advice for now.  It is very feature packed and a good platform for beginners.  Moreover, before you invest you must learn how to trade well.  Otherwise no platform or trading will be responsible for any loss you face, you will be responsible for it yourself.

[doomloop]

Coinbase, Kraken. Binance would probably not be suitable for you since it has a separate exchange for US citizens (Binance US) which afaik, has lower market volume compared to the global Binance one. I think an alternative that has copy trading would be Bybit Gemini. Turns out Bybit isn't allowed in the US as well.

Actually I think Binance is more suitable for him since I observe USA version of binance is gaining continuous reputation. Yes, I'm talking about the US version of it and they might have exclusive offers that are only available to the people residing on that country, which is great.

Coinbase and Kraken are big exchanges so maybe they do also have a version similar to Binance US? Hmm.. but too bad if Bybit doesn't allow US people because it might also be a good exchange as I'm seeing it across the forum lately. Gemini on the other hand must be a US-based exchange and I think they only allow people on the same country because I got a similar prompt last time upon trying to register on them.

[internetional]

Is copytrading legal in the US at all?

Copy trading is very similar to online betting, isn't it? You study "athletes" (traders), assess their strengths and weaknesses, and choose whom to bet on. If you bet successfully, you stay in profit. If you bet unsuccessfully, you end up losing.

Aren't platforms offering copy trading services required to obtain a bookmaker's license in the USA?

[Franctoshi]

Hi All!
I’m fairly new to the crypto world. I’m still trying to learn how to trade. Where do u guys trade? Which sites do u suggest have a reputable “copy trade” option?? I don’t mind fees or commissions. I just want to try the copy trade option while I’m still learning. Thank u!

If you need a reputable platform to trade Bitcoin and cryptos, Binance, Kucoin, and Bybit are there for you, however there are couple of you need to know before considering using any these exchanges like transactions fees, Note that all these requires KYC before you would start trading with them and also has copy trading available, Mexc don't require KYC in case you need a platform that doesn't require KYC,  when it comes to fees Bybit and Mexc currently has one of the cheapest trading fees.

[moneystery]

Hi All!
I’m fairly new to the crypto world. I’m still trying to learn how to trade. Where do u guys trade? Which sites do u suggest have a reputable “copy trade” option?? I don’t mind fees or commissions. I just want to try the copy trade option while I’m still learning. Thank u!

i have been trading on binance since last year and i feel that binance is quite a good trading platform, but i trade by relying on my own analysis and have not tried using copy-trading. on binance there is a copy trade feature but i feel that relying on other people's trades is not really worth it, because it's the same as me giving my money to someone else to trade, since all their trading decisions will be duplicated into my trades. if you are interested in using binance, you can use their copy trade feature and it is quite widely used by many traders there.

[jaberwock]

Is copytrading legal in the US at all?

Copy trading is very similar to online betting, isn't it? You study "athletes" (traders), assess their strengths and weaknesses, and choose whom to bet on. If you bet successfully, you stay in profit. If you bet unsuccessfully, you end up losing.

Aren't platforms offering copy trading services required to obtain a bookmaker's license in the USA?

It is not that similar to gambling at all. I mean if you look at that type of thing, then stock markets are like gambling too, you study "stocks" and then consider which one will win and you bet on. You can't just simplify everything like that to make them equal. By that logic "water is like air right? Both have Oxygen element in it?" That doesn't work.

Copy trading is basically like putting up your money to some of the big financial companies, I can give my money to blackrock or warren buffet and expect a bigger return, and if I do well then I do well, but if I do badly then that doesn't mean I lost a bet. Same with copy trading, I trust a person instead of a company to make me money and if they do then I make a profit and if they don't then I lose.