What Are Crypto Copy Traders Afraid of?
Everyone has fears and it’s normal. I would even say it another way: if you’re too confident, markets can harm you.
The article is dedicated to crypto investors who have already thought about copy trading, but are still in doubt.
Let’s go. Crypto copy trading at Coinmatics.
“Money will be stolen from my wallet!”
When you connect to our crypto social trading platform, all your money remains on the exchange account. Neither the trader nor our platform has access to your money. Withdrawal of funds is technically impossible.
Remember the API key? Coinmatics company uses API keys that allow transaction management without the possibility of withdrawal.
“I will subscribe to the crypto trader, lose all my money and be poor as a church mouse!”
To make a long story short, investing is a risk. And it’s not a secret. Especially if we are talking about cryptocurrencies — a very volatile asset class.
BUT!
There is good news: the greater the risk, the higher the earning potential.
AND!
We’ve minimized financial risks for our users:
- we carefully select our crypto traders: the most profitable and least risky trading strategies are at the top;
- we’ve introduced the principle “all in the same boat”: a trader risks his money when making trades; it is not profitable for him to make someone bankrupt.
So, before subscribing check the trader’s signals history, chart, total profit and etc. Aggressive strategies show higher peaks and stronger drops because they aim for higher return. Stable strategies have a smooth chart.
By the way, if “0” pops up on your balance, auto trading stops. You can invest a small amount that you are ready to part with, and even if a bad scenario happens everything will be okay. And no church mouse. :)
“The commission for copy trading services will be as huge as my copy trading ambitions from the very beginning.”
Just an example: let’s say the bus went from point A to point B at a speed of 63 km / h … Wait. Not that example.
Here. Let’s suppose that a crypto trader has set a commission for copy trading of 10%. Due to transactions’ repetition, the subscriber has earned $1,000. A trader will receive $100 from this amount, and Coinmatics as a social trading platform will get 5% from those $100, i.e. $5. It turns out that you as an investor will not be affected by our commission at all.
Moreover, there are plenty of FREE cryptocurrency traders to follow with good performance who don’t have commission at all.
“I sign up for trader’s Telegram signals for free, and then he will put a very high price for a subscription.”
If a trader changes the copy trading commission, it will not affect his current subscribers. If you started copying transactions for free, and the trader sets a fee, you will continue copying his strategy for free unless you unsubscribe.
“The copy trading platform will get out of order and all my money will be lost.”
Well, let’s imagine that it would happen. Of course, we would be devastated. Especially our development department. However, trades are carried out through the API key. You’ll go to the exchange account and withdraw funds (if you know that you don’t want to trade on your own). And that’s it.
By the way, currently, Coinmatics maintains only Binance copy trading, and this crypto exchange has already managed to earn the trust of a wide user base.
He who dares wins.
Sofia Gavrilenko for Coinmatics.
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Don’t want to miss out on opportunities for good deals?
Follow our crypto traders on the Coinmatics platform. Try it for free!
