Bybit Copy Trading Review 2025: Master Crypto Trading

🚀 Are you ready to start your crypto trading adventure but feel overwhelmed by the complexity of the market?

😟 Are you worried about trading mistakes? Or missing lucrative opportunities to make money?

Say goodbye to uncertainty and hello to copy trading — your ticket to stress-free crypto trading. This trading strategy is changing the way traders view the market. It offers a simple solution to those who lack confidence or experience. 

💡Stop worrying about countless hours of analyzing charts or second-guessing your decisions — just choose a skilled trader to emulate.

🤝You ask where? You’re on Bybit!

This Bybit copy trading review will tell you everything you need to know, and we'll also share some trading wisdom along the way.

What is Bybit

Bybit is an online trading platform that specializes in cryptocurrency and derivatives. It has its headquarters in Dubai. It offers a variety of services including trading bots and institutional services. Referral and affiliate programs are also available.

One of the exchange's notable features is its provision of leverage of up to 100x on certain assets, a strategy known for its high risk. Bybit has implemented a number of safeguards to reduce this risk. These include an insurance fund and auto deleveraging. It also offers both cross- and isolated margin accounts. These measures are intended to limit any potential downside for traders.

Bybit offers a wide range of more than 1,000 cryptocurrencies. The exchange has a user base of over 24 million people and serves clients from 160 countries around the world.

Visit our detailed Bybit review for more information. Check out our comparisons to see how Bybit compares with other exchanges.

Bybit vs:

• PrimeXBT
• KuCoin
• Bitget
• Binance
• OKX
• SwissBorg

Other Bybit-centric articles are available:

• Bybit All in One Crypto Platform: More Than Just Crypto Trading Platform!
• Bybit Trading Guide
• Bybit Earn Review
• How to sign up for Bybit

The best crypto exchanges, including Bybit, and the best decentralized ones are listed below.

What is Copy Trading?

Copy trading involves automatically replicating the trades of successful investors. This trading technique gained mainstream traction within the traditional finance sector, and has now been adopted by crypto traders as well.

Imagine having a friend that is a fantastic chef. You ask for their recipe every time they make something delicious and you follow it step-by-step to recreate the dish. The same principle applies to copy trading: You find an expert trader who’s investment strategies you admire. You don’t make your own decisions about investments, but rather copy the trades of the trader.

For example, suppose a Bybit trader you're copying executes a sell order for Bitcoin with a specified risk-to-reward ratio and exit point. In this scenario, the copy trading program will replicate this trade according to your risk parameters.

To receive trading signals and advice from other traders, traders can also join social trading groups such as Facebook or Telegram. However, it's important to recognize the inherent risks involved in trading and the challenges of mastering the volatile cryptocurrency market. Many novice traders are unable to make money and can suffer losses.

Copy trading is distinct from social trading where experienced traders give recommendations on what assets to buy and sell manually. Social trading can be a great way to engage with the community and learn, but it also has potential for errors.

Be warned though: just like following a recipe doesn't guarantee a perfect meal every time due to variations in ingredients or cooking techniques, copy trading doesn't ensure identical results to the original trader's performance. You can benefit from the knowledge and expertise of advanced traders even if you don’t have that level of skill.

What is Bybit Copy Trading?

Bybit’s trading platform offers a copy-trading feature, which allows users to mirror the actions and strategies of expert crypto traders.

Bybit classifies copy traders in two categories:

• FollowersFollowers copy the trading strategies and track records of experienced investors. The followers rely on the experience and success of traders to make their trading decisions.
• Master traders These are experienced investors who have shown their trading skills and attracted followers to copy their strategies. 

To attract new followers, master traders can display their trading strategies. They can earn a portion of profits from each trader who copies them. The amount that they receive depends on their status as a master trading platform. This system allows master trader to leverage their expertise in order to build a follower base, and provides them with the potential of an additional income based upon the success of their following.

These are the minimum requirements for each Master Trader level.

You can choose USDT permanent trades or trading robots for copy trading. The minimum amount of investment is 50 USDT. Bybit allows master traders to set their own minimums. In any case, the minimum investment requirement will be front and centre on the master trader's profile.

How to Copy Trade on Bybit

Before we start this section of the guide, it's important to note that as a centralized exchange, Bybit must adhere to Know Your Customer (KYC) standards, or identity verification in plain English, which are designed to stem the illicit flow of money. Users must complete this process to be able to use all Bybit services and products.

With that out of the way, here's how you can start following your favourite master traders on Bybit.

STEP 1 Navigate to the Copy Trading section on the app's home page.

STEP 2 Browse through the top Master Traders, pick the ones you'd like to follow and tap Copy. You can follow 10 master traders simultaneously. 

STEP 3 Here, you'll have to set the investment amount and decide whether you'd like to copy trade USDT perpetual trades or trading bots. Remind yourself that the minimum amount of investment is 50 USDT.

STEP 4 You can select “More Settings” Get access to extra parameters for your copy trading, such as stop-loss and take-profit per order.

STEP 5 After the settings have been confirmed, you simply need to acknowledge the copy trading agreement by tapping “Copy Now." Viola, you're done!

Bybit Copy Trading Fees

You will be charged the same trading and funding fees that traders incur on Bybit's derivatives platform. As a reminder, Bybit charges maker/taker fees of 0.02%/0.055%. Bybit's perpetual and futures contract fees can be read in their full glory on the dedicated fees page.

The funding fee has a lot of moving parts, however. Bybit uses funding as a mechanism to ensure that its last traded price remains aligned with the global spot price, akin to the interest cost of holding a position in spot margin trading. Here's a quick rundown:

• Funding occurs every 8 hours at specific times
• Traders pay or receive a funding fee based on their positions
• Fees are deducted from available balances or position margins
• Bybit adjusts funding intervals based on market conditions
• This mechanism promotes price stability in perpetual contract trading

You can read more on the Bybit funding fee calculation page. 

Benefits of Copy Trading

There are several benefits to be had with copy trading.

Access to Expertise

Picture yourself navigating a dense jungle filled with financial mysteries and market madness. As a beginner trader, you might feel like you're armed with only a compass that doesn't work and a map written in an incomprehensible language. Copy trading is like a seasoned jungle guide who knows all the secret shortcuts, hidden dangers and where to find the treasure.

Copy trading offers the opportunity to gain real-time insights into the investment decisions of skilled professionals. Instead of relying solely on theoretical knowledge or delayed market analysis, traders can witness how master traders react to live market events and adjust their strategies accordingly. This real-time observation allows for a deeper understanding of market behaviour and helps traders adapt to changing conditions more effectively.

Seasoned traders are adept at managing risk effectively, employing techniques such as position sizing, stop-loss orders and portfolio diversification to protect their capital and minimize losses. By copying the trades of master traders, novice investors can benefit from the same level of professional risk management, reducing the likelihood of significant drawdowns and preserving their trading capital over the long term.

Reduced Emotional Bias

No more sweaty palms or racing heartbeats when the market falls to dizzying lows! Cryptocurrencies are a volatile asset class that one up one minute and down the next. With copy trading, you can sit back, relax, and enjoy the ride knowing your trades are in capable hands. 

When you're making trading decisions on your own, emotions can cloud your judgment. Fear, greed, and FOMO (fear of missing out) can all conspire to sabotage your carefully laid trading plans, leading to impulsive decisions and regrettable trades.

Copy trading guides you through the turbulent waters of market volatility with calm and clarity like a Zen master. By automating trades based on the actions of master traders, you remove the emotional guesswork from the equation, allowing you to make rational decisions based on proven strategies and data-driven analysis.

Learning Opportunity

Copy trading presents an invaluable opportunity for traders, particularly the inexperienced ones, to gain access to the knowledge and expertise of seasoned investors. By observing and replicating the trades of master traders, novice investors can glean insights into market dynamics, trading techniques, risk management strategies and decision-making processes.

Copy trading shouldn't just be about blindly following the herd, but a learning experience that empowers followers to become more informed and self-reliant. Think of it as a trading masterclass where each trade serves as a valuable lesson in strategy and execution.

Copy trading also provides followers the opportunity to experiment and refine their skills over time. As you gain experience and confidence, you can gradually transition from being a passive follower to an active participant in the trading process, incorporating lessons learned from master traders into your own trading approach.

Diversification

Anyone who's ever invested in TradFi or crypto has heard of the importance of diversification, a cornerstone principle of successful investing. Diversification acts as a safety net, spreading risk across different assets and strategies to limit your downside.

Copy trading can be a potent tool to achieve diversification. The strategy allows traders to diversify their portfolios by following multiple master traders with distinct trading styles and approaches. Each master trader brings their unique perspective, expertise, and strategies to the table, offering traders a broad flavour of investment opportunities.

One master trader may specialize in day trading, executing rapid-fire trades based on short-term price movements, while another may focus on long-term investing, patiently holding positions for extended periods to capitalize on macroeconomic trends. This diversification not only spreads risk but also enhances the potential for returns.

Different trading strategies may perform better in different market conditions, and by diversifying across multiple strategies, traders can increase the likelihood of capturing profitable opportunities.

Drawbacks of Copy Trading

While copy trading offers numerous benefits, there are also a few drawbacks to consider.

Dependency on Master Traders

One of the primary drawbacks of copy trading is being too dependent on master traders, which means you lose autonomy in trading decisions.

Traders may become accustomed to following master traders without conducting their own analysis or research. This dependency can lead to a lack of critical thinking and decision-making skills, which can act as roadblocks to their own journey of navigating the crypto markets independently.

Dependency on master traders may create a false sense of security among traders, leading to complacency and a lack of diligence in monitoring their investment portfolios. Traders may also falsely assume that master traders will always make profitable decisions without recognizing the inherent risks and uncertainties of the crypto markets.

Limited Control

While copy trading offers convenience and the potential to benefit from the expertise of others, it also entails relinquishing a degree of autonomy over your investment decisions.

• Inability to Customize Strategies: One of the primary drawbacks of copy trading is the inability to tailor trading strategies to individual preferences or market conditions. When following master traders, traders must adhere to their predefined strategies and trading styles, which may not always align with their own objectives or risk tolerance.
• Delayed Reaction to Market Changes: Copy trading relies on the actions of master traders to execute trades, meaning that traders may experience delays in responding to rapidly changing market conditions. In fast-moving crypto markets, this delay could result in missed opportunities or increased exposure to market volatility.
• Overexposure to Popular Traders: Popular master traders may attract a large number of followers, resulting in overexposure to their trading strategies and potentially increasing risk. If a significant number of traders are following the same master trader, it can lead to overcrowding of trades and reduced effectiveness of their strategies.

Risk of Overreliance

Copy trading may lure you with easy access to successful trading strategies, but it also carries the danger of becoming overly dependent on the actions and decisions of others.

Relying solely on master traders for investment decisions can lead to a lack of independent thinking and decision-making. Traders may become complacent, deferring to the strategies of others without conducting their own analysis or research. There's also the risk of herd mentality where traders may be tempted to blindly follow the crowd, mimicking the actions of popular master traders without fully understanding the rationale behind their trades.

Good times don't last forever and master traders may experience fluctuations in their performance over time. Traders who over-rely on specific master traders may find themselves exposed to the risks associated with these fluctuations. In addition, overreliance on copy trading can hinder traders' personal development and growth as investors.

Questions to Ask Yourself Before Copy Trading

Before you begin your copy-trading journey, you must ask yourself a few questions to help align your decision with your investment goals, risk tolerance and trading preferences.

• What Are My Investment Goals?: Reflect on your investment objectives and determine whether copy trading aligns with your long-term financial goals. Are you looking to grow your investment portfolio or gain exposure to specific market sectors? Understanding your goals will help you evaluate whether copy trading is the right strategy for achieving them.
• What Is My Risk Tolerance?: Assess your risk tolerance and comfort level with market volatility. Crypto copy trading involves inherent risks, including the potential for losses, so it's crucial to determine how much risk you are willing to accept.
• Do I Understand the Master Trader's Strategy?: Take the time to research and understand the trading strategy employed by the master trader you are considering following. What is their approach to market analysis, risk management, and trade execution? Does their strategy align with your own trading style and preferences?
• What Is the Track Record of the Master Trader?: Evaluate the performance history and track record of the master trader over time. Review metrics such as their win rate, average return, maximum drawdown, and consistency of performance. This information is front and centre on Bybit.

• What Are the Costs and Fees?: Review the costs and fees associated with copy trading on the platform. Understand how these costs may impact your overall returns and factor them into your decision-making process.
• Am I Diversifying Sufficiently?: Assess whether following the master trader will contribute to diversifying your investment portfolio. Consider factors such as the number of master traders you are following, the diversity of their trading strategies, and the allocation of your investment capital across different asset classes and market sectors.
• Can I Afford to Lose?: Finally, consider whether you can afford to lose the capital allocated to copy trading. While copy trading offers the potential for profits, there is also the risk of losses, so it's essential to only invest funds you can afford to lose without jeopardizing your financial well-being. 

Is Copy Trading Only for Beginners?

Copy trading is a versatile tool that caters to traders of varying experience levels. While beginners lacking experience or confidence may benefit the most, copy trading can also be utilized by traders of all skill levels.

• Diversification Strategy: Copy trading enables traders, regardless of their experience level, to diversify their investment portfolios. By following multiple master traders with different trading styles, strategies and market focuses, users can spread their risk across various assets and trading approaches.
• Learning Opportunity for Beginners: For novice traders, copy trading offers an invaluable learning opportunity. By following and replicating the trades of experienced investors, beginners can gain insight into effective trading strategies, risk management techniques and market dynamics.
• Efficiency and Convenience: Copy trading offers a convenient and time-efficient way for traders to participate in the crypto market. Instead of pouring hours upon hours into conducting research, analyzing market trends and executing trades, investors can simply choose to replicate the trades of master traders.
• Potential for Collaboration and Community: Copy trading platforms often foster a sense of community and collaboration among traders. Users can interact with each other, share insights and experiences, and discuss trading strategies and market developments.
• Continuous Improvement for Seasoned Traders: Even experienced traders can benefit from copy trading by gaining exposure to new ideas, perspectives and trading strategies. By observing the approaches of other successful investors, seasoned traders can identify areas for improvement in their own trading practices, refine their strategies, and adapt to changing market conditions.

Bybit Copy Trading Review: Closing Thoughts

Bybit's copy trading feature allows crypto newbies to tap into the knowledge and strategies of experienced investors, providing insights into market dynamics and trading techniques. Novice traders, in particular, benefit from this approach, gaining practical experience and refining their skills through observation and replication.

Despite its numerous benefits, copy trading does pose certain challenges, including the risk of overreliance on master traders and limited control over trading decisions. Traders must carefully assess their investment goals, risk tolerance, and preferences before engaging in copy trading to ensure it aligns with their overall strategy.

While it's essential to remain mindful of the potential drawbacks, copy trading remains a valuable tool for traders seeking to achieve investment success in the cryptoverse.