How to Use eToro's CopyTrader for Ethereum Investments

Written by Mike Druttman

Reviewed by Nadav Zelver

First, make sure your eToro account is verified and funded. No funds, no trades. Next, head to CopyTrader, find a trader specializing in Ethereum, and set your investment amount. Once you’re in, keep an eye on performance. If your copied trades are paying off, ride the wave. If not? Adjust or exit before losses pile up. Consistent monitoring is important. Your money, your call.

eToro’s CopyTrader lets you mirror the trades of seasoned investors. This takes the guesswork out of crypto investing. Think of it as having a professional trader working for you, without the hefty fees.

Here’s how to set it up and make the most of your Ethereum investments:

1. Sign Up and Verify Your eToro Account

Before you can start copying trades, you’ll need a verified eToro account.

• Sign up on eToro’s website (you can open an account here).
• Verify your identity (KYC) by uploading a valid ID and proof of address.
• Deposit funds into your account (minimum varies by region).

Once that’s done, you’re ready to tap into the expertise of top Ethereum traders.

2. Access the CopyTrader Feature

Now that your account is live, it’s time to find traders worth copying.

Click on the “Discover” tab, then select “Copy People.” This will take you to eToro’s list of available traders.

3. Choose a Trader Specializing in Ethereum

Not all ETH traders are equal so look for:

• Crypto-Focused Traders: Make sure they trade Ethereum regularly.
• Consistent Profit History: Check their performance over several months.
• Low-Risk Rating: Avoid overly aggressive traders.
• High Number of Copiers: A strong following usually signals reliability.

You can review a trader’s portfolio, trading strategy, risk score, and performance history before making a decision.

4. Set Your Copy Investment Amount

Once you’ve found a trader that fits your style, click “Copy” on their profile. Enter the amount you want to allocate (take note that the minimum is $200). 

Put a check on "Copy Open Trades" if you want to mirror their existing Ethereum positions. This means you’ll replicate both their current and future trades so you get instant exposure to their strategy.

5. Monitor and Adjust Your CopyTrader Strategy

CopyTrading isn’t set-and-forget. Stay on top of:

• Ethereum market trends: Crypto moves fast so it's important to stay informed.
• Your trader’s performance: If they start underperforming, then it's time to make some reassessment.
• Risk management settings: Use Stop-Loss to limit potential losses.

You’re in control. If things don’t look right, you can stop copying anytime.

6. Withdraw or Reinvest Your Profits

Seeing solid returns? Great! You’ve got two choices:

1. Withdraw your profits: Cash out whenever you want.
2. Reinvest them: Copy additional traders or diversify your crypto portfolio.

Either way, you’re in the driver’s seat.

What I liked about eToro’s CopyTrader is that makes Ethereum investing simple. Instead of constantly watching the market, you can capitalize on top traders’ expertise while keeping full control over your funds.

But here’s a must: Don’t just copy blindly.

It's important to choose traders wisely, set risk management parameters,  and stay informed about Ethereum’s price movements

With the right strategy, CopyTrader can be a powerful tool for growing your Ethereum portfolio.