Copy Trading

Bybit Guide

Trading

The Smart Copy Mode is a simple-to-use copy trading feature on Bybit that lets you reap profits from the crypto market even without prior trading experience.

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Trading cryptocurrencies can be a lucrative way to earn from the ever-volatile crypto market. However, most people shy away from it due to the intense 

Thankfully, the world of trading now has helpful tools that have simplified crypto trading and made it easier even for beginners to make money from price movements.

One such tool is the Bybit Copy Trading feature that automates buying and selling of cryptocurrencies. Bybit, as a customer-centric platform, has now taken 

 a notch higher with the launch of Copy Trading 3.0 which includes the Smart Copy Mode.

In this post, we’ll explore the Bybit Smart Copy Mode and how you can safely make profits as a 

The Smart Copy Mode is a simple-to-use copy trading feature on Bybit that lets you reap profits from the crypto market even without prior trading experience. 

The Smart Copy Mode is part of the three major upgrades done on the Bybit Copy Trading platform in January 2023. 

The upgrades are designed to make it even easier for users to make returns from the automated mimicking of successful traders (Master Traders) on the platform.

Unlike the old Copy mode, the Smart Copy Mode requires only three steps to follow a 

 and start earning. Now, all you’ll need to do is enter an investment amount (minimum 50 USDT), select a Bybit account to transfer the funds from, and click the 

As such, it’s now easier and more assuring to join as a Follower and begin successfully copy trading on Bybit. 

Better yet, the Bybit Smart Copy Mode has a revamped user interface that’s simpler to use and more intuitive than the old mode which was more technical, ensuring a seamless, hassle-free trading experience for both novices and advanced traders. 

Other than the new improved user-friendly interface and quick setup, there are some key features of the Bybit Smart Copy Mode that make it easier to trade while minimizing risks. They are:

Trading via copy position by ratio allows Followers to manage their portfolio risk. Based on the calculated ratio, Followers can gauge the confidence the Master Trader has when opening a trade position. A Follower’s copy trade can then mimic the position based on the calculated ratio of the Master Trader which will indicate the same confidence levels.

Case in point: Let’s say a Master Trader has 10 BTC in their account but they enter a long position with only 1 BTC. In typical copy trading, a Follower who has 1 BTC in their account will automatically copy the trade with the whole 1 BTC, which exposes their entire portfolio.

However, with the Smart Copy Mode, a ratio calculated based on the available balances in the Follower’s and the Master Trader’s accounts will be exposed for copy trading. In this case, if the ratio is calculated to be 10%, the Follower’s copy trade amount will be 0.1 BTC instead of their full balance of 1 BTC. Such a feature is beginner-friendly since it helps to significantly minimize users’ risk exposure. 

Another amazing feature of the Smart Copy Mode is the Bybit CopyGuard which is designed to limit losses by adding an extra layer of protection for Followers. While most Master Traders strive to consistently implement successful trading strategies, it’s not uncommon to find some trades that will incur losses.

In such instances as a copy trader, you will incur losses similar to the Master Trader.  That’s where the Bybit CopyGuard feature comes in handy.

With CopyGuard turned on, all of the Follower’s trades are optimized in the sense that the entry will always be at an optimal price not worse than that of the Master Trader. 

, the trade won’t be copied. However, note that at the point of trade execution, 

 may occur, causing the final execution price to be at times slightly worse than that of the Master Trader. 

Therefore, Bybit’s copy by ratio and CopyGuard features work together to ensure that Followers have an extra layer of protection against losses when copy trading. 

Smart Copy Mode vs. Advanced Copy Mode: Which Is Better?

 allow you to choose between the Smart Copy Mode or the Advanced Copy Mode. While both provide an avenue for you to successfully copy a Master Trader’s strategy, there are several differences between the two that may make you opt for one over another. They are:

The upgrades to Bybit’s Copy Trading system have made it easier to make gains from copy trading. Regardless of your status as a beginning or advanced trader,you can have the assurance of a safe trading experience even with margin trading as all the risks are mitigated for you through the Smart Copy Mode.

Compared to the Advanced Copy Mode, the copy by ratio and CopyGuard features on the Smart Copy Mode help limit losses through reduced risk exposure. The enhanced automated settings on Smart Copy Mode are sure ways to successfully copy Master Traders without fear of wiping out your account. So, 

Bybit Smart Copy Mode: The Way To Secure Copy Trading Profits

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