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4 Best Crypto Copy Trading Platforms in France [February 2024]

4 Best Crypto Copy Trading Platforms in France [February 2024]

Trading is not an easy option, especially when it comes to crypto trading. Therefore, it would be best if you are prepared, have basic knowledge, and your research is done just the right. Hence, to ease out your work, we have come up with an article about the best crypto copy trading platforms in France.

Platform Registered Year Profit distribution Exchange Fees Available cryptocurrencies exchanges Mobile Application
BYDFI 2019 8-10% of net profit None 43 cryptocurrencies and 100+ crypto trading pairs Available for Android and iOS
BingX 2018 8% of net profit 0.75% 100+ crypto pairs and 30+ crypto assets Available for Android and iOS
Gate.io 2013 5% of net profit None 500+ cryptocurrencies and tokens Available for Android and iOS
MoonXBT 2021 1-10% of net profit None 17 trading pair Available for Android and iOS

What is Copy Trading?

Copy-trading can be described as something where all the professional traders trade on behalf of their followers for a part of their net profit. It’s like a win-win situation for both the professional traders and also copy traders. Moreover, a follower is allowed to choose from a list of professional traders available and can follow multiple traders at a time.

Also read, Useful Tips to choose a reliable Copy-Trading platform

BYDFI: 1st Best Crypto Copy Trading Platforms in France

What is BYDFI?

BYDFI is a crypto exchange platform in Singapore and was launched in 2019, which further makes it pretty young compared to other trading platforms. The platform has an extensive range of crypto trading pairs and offers CFD trading, futures trading, spot trading, and copy trading to all its traders. The main differentiator of this platform is its unique contract offerings as well as the low entry levels. Moreover, since the time of its inception, it has expanded its offerings to over 150 countries all around the world. Furthermore, their website can translate into ten different languages to cater to their expanded client base.

Best Crypto Trading Platforms In France
BYDFI

Also, read BYDFI Copy Trading – An Ultimate Guide

BYDFI: Key Features

  • The platform takes only about 30 seconds to get you signed up as a trader.
  • BYDFI trading provides all its traders with a welcome bonus of up to 258 USDT in order to encourage them to start trading.
  • The crypto exchange platform is user-friendly and has a straightforward interface for beginners. It is also one of the most diverse copy-trading platforms.
  • The platform offers daily mining for the traders to receive a random amount of crypto assets as a token of reward for them.
  • Moreover, the platform also supports multiple languages for traders all over the world.
  • Further, if traders cannot use the desktop version of the platform, they can make use of the mobile version.
Bydfi: Features
BYDFI: Features

Is BYDFI Safe?

Traders on BYDFI can trade without worrying about the safety of their assets on the platform as it takes all the safety measures.

  1. Account Security: The platform applies dual authentication provided by Google Authenticator, also known as two-step verification.
  1. Wallet Security: All your digital assets are kept in their offline cold storage wallets, with no risk of single-point failure. In addition to this, they make use of multi-signature technology access for withdrawals and deposits.
  1. System Security: They use Alibaba Cloud (Ali Web Services) Tier 1 security service, which has a good reputation for internal control and physical security. Moreover, the system requires multiple authentications and hardware verification for access, and the hardware security module meets the highest security level requirements of FIPS PUB 140-2 Level 3 or higher.

Also read, BYDFI Copy Trading – An Ultimate Guide

BingX: 2nd Best Crypto Copy Trading Platforms in France

What is BingX?

BingX is a popular crypto social trading platform that was founded in the year 2018. The platform supports the trading of major indices in addition to crypto and offers derivatives, and copy trading services to traders across 100 countries. Their founding and leadership team consists of pioneering professionals from top financial institutions, VC firms like Standard Chartered Bank, J.P.Morgan, and leading internet companies like Alibaba, Google, and Tencent with 10+ years of experience.

Moreover, BingX is an international digital service financial institution with branch offices in the EU, Canada, North America, Taiwan, and Hong Kong. Furthermore, the platform also provides forex commodities, contract trading products, automatic trading, and global indices.

Bingx
BingX

Also, read Bingx Copy Trading: How to Get Started?

BingX: Key Features

  • BingX trading helps all the traders connect with some of the professional and elite traders to help them discover more of the copy trading strategies they use.
  • The platform is one of those few derivatives that offers copy trading features to their traders.
  • There’s a mobile application available on the App Store and Play Store of the platform. Moreover, there’s also a QR code present on the website so that you can just directly download the app by scanning it.
  • There’s no fee that BingX charges on depositing cryptocurrencies to the platform.
  • There are several payment methods offered by BingX, such as MoonPay, Credit Card, Debit Card, Cryptocurrencies, and Apple Pay.
  • New account holders get a signup reward of virtual-based coins worth 100,000 VSD tokens. Users can then use these tokens on the platform without making an actual deposit.
  • Moreover, BingX also provides a copy-trading option to traders via which novice traders can earn some profit by just copying the trading strategies of successful traders. Further, traders from whom novice traders copy the trade also get 8% of the total profit generated.

Is BingX Safe?

BingX copy trading exchange is an entirely safe platform to use. To date, there hasn’t been any case of a security breach in BingX. Moreover, the two-factor authentication feature helps users secure their trading accounts and assets. Further, it helps increase the difficulty for hackers to get access to a user account and carry out malicious work. In addition, it is also recommended to all the users that they complete the settings of Google Authentication from the Account and Security center to improve the security level of their account.

Gate.io: 3rd Best Crypto Copy Trading Platforms in France

What is Gate.io?

The earliest crypto-to-crypto exchange from China is probably Gate.io. It is one of the world’s top cryptocurrency exchanges, focusing on safe trading and hassle-free cryptocurrency journey. The trading platform was founded in the year 2013, and since then, it has been providing users with the best trading experience. In addition, Gate.io offers services and products such as Spot trading, Leverage trading, Leverage ETF, Futures trading, Quantitative trading, Hold to Earn Interest, and secured loans for traders.

 Gate.io
Gate.io

Also, read Gate.io Review | Is it Safe & Legit?

Gate.io: Key Features

  • Gate.io provides all its user’s comprehensive protection with security and law funds.
  • Gate.io is an established exchange with cutting-edge technology as it offers a convenient and efficient trading system and also an instant deposit and withdrawal service.
  • With their constant exploration of innovative technologies, the platform strives to offer you the best trading experience.
  • The exchange is among the earliest and largest cryptocurrency exchanges, so it always complies strictly with regulations and has never allowed for crypto market manipulation.
  • The platform is continuously committed to being transparent, open, and cooperative.
  • You can easily buy and sell cryptos instantly and safely with 20+ fiat currencies using bank transfers or your Credit card and Debit card.
  • They provide you with a variety of quantitative strategies. Moreover, you can also copy the trading strategy of top earners on the leaderboard.
 Gate.io Features
Gate.io Features

Is Gate.io Safe?

Gate.io might have closed in 2017 because of some security reasons, but now it has enhanced security for both traders and their servers. In addition, the traders are provided with many security features such as:

  • Self-developed digital asset trading system with each module integrated independently. Further, it has been audited by professional auditing companies to pass their security tests consistently.
  • Encrypted Transport Layer Security (TLS) connection.
  • Gate.io uses a Web Application Firewall (WAF) to deal with illegal intrusions, vulnerabilities, and data tampering.
  • Third-party cloud security defense services.
  • They have an anti-DDoS attack mechanism.

Moreover, Gate.io provides you with more than ten multiple security solutions. Regardless of transaction, login, and withdrawal, it also provides a full range of active or passive protection. For example, there’s Google OTP, IP address monitoring, anti-phishing code, login password, Gate UKey/Yubikey, Withdrawal whitelist, and more.

Furthermore, they keep your assets in Hot and Cold wallets to ensure their safety. In addition to this, there will be at least two or more multiple security authentications during the withdrawal operation, and withdrawal will be passed only after the certification is completed.

 Gate.io Security
Gate.io Security

MoonXBT: 4th Best Crypto Copy Trading Platforms in France

What is MoonXBT?

MoonXBT is the world’s first social cryptocurrency trading platform that focuses on the deep integration of social interaction and trading. At present, they provide social interaction, contract trading, and one-click copy trading services for global traders. The platform has its headquarters in the Cayman Islands, with offices in Hong Kong, Malaysia, Singapore, Vietnam, Japan, and South Korea.

Moreover, the fee structure here at MoonXBT is exceptionally well-structured and transparent. Further, the platform offers its traders a multi-screen trading view, stop-loss, and take-profit settings; while maintaining a lucid and uncluttered trading environment.

Moonxbt
MoonXBT

Also, read MoonXBT Copy Trading: The best way to Automate Crypto Trading

MoonXBT: Key Features

  • MoonXBT has fair prices on its platform and gives you a real-time average based on the spot trading prices of major cryptocurrency exchanges.
  • The platform is extremely simple with no complicated terms, and you just need to pay attention to leverage, market trends, and margin.
  • You can start trading on the platform with just 1 USDT.
  • MoonXBT gives you high leverage of up to 150x. Moreover, if the spot price rises by 1%, profit rises by 150%.
  • The trading engine of MoonXBT can process orders in just 32 milliseconds and guarantees you high liquidity.
  • It also provides you with a transparent K-line price.
  • If there is a withdrawal in the platform of less than 2000 USDT, it will automatically get approved by the AI system.
  • The platform fee is as low as 0.05%, and further MoonXBT points can be used to reduce it further.
  • MoonXBT has introduced a demo mode where there are plenty of trading bonuses, no risks to get started, and zero cost.
  • There are Stop-loss, Take-profit, and trigger orders to increase your profit.
  • Furthermore, there’s two-factor authentication (2FA), cold wallets, and multi-signature functionality.
Moonxbt: Features
MoonXBT: Features

Is MoonXBT Safe?

MoonXBT takes care of your account by providing you with the following security measures:

  1. Asset Security: The platform takes care of all your assets by keeping them in cold storage. It further strengthened its security by adding Two-factor authentication and multi-signature technology for digital assets. Moreover, it also has in-depth cooperation with top security companies focusing on blockchain ecological security to provide you with top industry-level protection.
  1. Wallet Security: MoonXBT stores most of its storage offline, and only a small part of digital assets are stored in hot wallets, which is for the traders to withdraw coins more quickly. In addition to this, all the transfers of funds from cold storage to hot storage are processed manually and also require multiple employees to cooperate and coordinate.

Also read, Best Crypto Wallets

  1. Transaction Security: The platform uses Amazon Web Services (AWS) hosting services for physical security and internal control as the use of AWS infrastructure and services can significantly improve security. In addition, they also use AWS Shield in order to reduce potential DDoS attacks.
  1. System Security: The trading engine of MoonXBT is designed to meet the highest industry standards for online trading. All the systems use unique codes to minimize delays and increase order execution speed. Moreover, the system automatically monitors all the risks related to maximum position volume, reconciliation, maximum order volume, profit-loss threshold, etc., and also conducts a comprehensive risk check after each order.
Moonxbt Security
MoonXBT Security

Best Crypto Copy Trading Platforms in France: Conclusion

There are a wide variety of copy-trading platforms available in the crypto market, but the four platforms listed above provide some intriguing features that distinguish them from others. Some of the features are great payment methods, welcome bonus, intuitive application, a number of cryptocurrencies, auto trading, and many such things. So we hope with this article, we might have made your research on the Copy Trading platforms a little less hectic.

Frequently Asked Questions

Is copy trading profitable?

Yes, copy trading is profitable and has become one of the most profitable ways to earn. It allows the traders to copy the trading strategies of professional and successful traders to earn more profit.

Is copy trading free?

It all depends on the copy trading platform you are using, whether copy-trading is free. For some platforms, you need to give some percent of your net profit to professional traders for sharing their copy trading strategies.

On what basis do we choose copy trading?

The first thing to keep in mind while choosing a copy trader is that the user must observe the total number of followers that the professional trader has, number of trades places, monthly trading results, average trade duration, profit percentage, and other factors according to the user’s need.

What is the benefit of copy trading?

1. Copy-trading proves to be helpful for novice traders or beginners in order to get familiar with the cryptocurrency market and all the terms related to them.
2. Moreover, novice traders can take it as an opportunity to learn closely about the market by observing all the strategies and moves of successful traders.
3. Furthermore, all the successful traders get a chance to earn some profit percent for sharing their trading strategies with novice traders who follow them.

Also read,

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