The social trading platform eToro has made it possible to earn a second income with their CopyTrader feature, which allows users to allocate funds to other traders’ investment moves — essentially, copying them. If your new to trading crypto or don’t feel confident enough to trade crypto but you see someone on the platform that is, you can use the CopyTrader function and you’ll be able to mimic what trades they make automatically.
eToro’s most popular feature ,CopyTrader allows you to view what real traders are doing in real time and then copy their trading automatically
What if you are a confident trader ?
Well you can also profit from being copied .You will need to apply to become a what they call a Popular Investor, but once you do qualify, the chart below shows how the earning and upgrading system works.
For Elite and Champion payments, payments are divided by 12 in order to pay the yearly AUM each month
AUM is the total aggregate copy amount of the unrealized equity of the current copiers.
Once you achieve Champion status, your income would then become a percentage of your AUM (assets under management). This means if the total equity of your copiers is $300,000, you’ll earn $500 a month (2% of 300,000 divided by 12) — plus the one-time $1,000 upgrade bonus.
The more copiers you have and the more assets they have, the more money you stand to make.
If you feel confident in your crypto trading and are looking for some extra revenue, this could be a path well worth taking .
Sign up for eToro and start copying other traders at no extra charge. There are no management fees or other hidden costs involved .