Top 5 Questions About Coinmatics Copy Trading
Once we were drinking coffee with Coinmatics Support Team at the Zoom meeting. Then we came up with an idea: why not create a list of top 5 most popular questions asked by users and share it?
Let’s go! Check out top 5 questions:
1. Which exchanges can be connected to Coinmatics? Is ‘this one’ available?
Currently, only Binance is available for copy trading. We plan to add Bitfinex, Bitstamp, Poloniex, Bittrex, HitBTC, Exmo in the nearest future.
Nevertheless, these exchanges are already included in our other services: crypto arbitrage, portfolio, analytics, etc.
2. When do you plan to implement futures and margin?
This task has been carried out by our Development Department. Soon there will be updates! Subscribe to our Twitter and you will not miss the news.
By the way, have you already become skillful on spot? :)
3. Where do I need to send the money to start copy trading?
To the Binance exchange, indeed. The absolute minimum is $100, but we recommend not to waste time and let your investments work efficiently (the more, the better).
In case you want to follow paid Telegram signals or automatic copy trading, you need to make a deposit to your Coinmatics wallet (the minimum amount is $10).
4. How much money do I need to have on my exchange account to start copy trading?
As we said already, the more, the better. $200 would be a safe place to start. Better to have $500 and higher to increase your copy trading success rate. It’s important because of the exchange rules. If the trader places 50% of his deposit to one deal, it means that 50% of your deposit should go to the copy trading operation. 50% of $10 is only $5 which is below the minimum amount. Each exchange has a minimum amount to make a deal.
5. How to start using your platform?
Scenario №1: You’re a professional trader.
You will:
a) earn on payments from people subscribed to your Telegram alerts (no worries, those are done by our system automatically)
b) get a percentage of the profit that your investors will receive through transactions information you provide
You as a trader just need to submit your strategy. No risk increase or bigger deposit. Here is a shortened version of copy trading logic for traders:
Scenario №2: You’re an investor/ copy trader.
Still wishing you were a trader but not ready to take huge risks? We have a solution for you — automatic copy trading!
Coinmatics. Trade With The Best.
Continue reading:
How to register as a trader at Coinmatics?
How to start copy trading and get profit today? The guide you’ve been looking for so long.
5 upgrades which have made Coinmatics the most convenient crypto trading platform ever
