How to Copy Trade Polkadot on eToro?

Written by Nadav Zelver

Reviewed by Wikitoro Team

To copy trade Polkadot (DOT) on eToro, begin by visiting the profile of a trader who specializes in this cryptocurrency. Adjust your copy trading settings to match your investment preferences, including the amount you want to invest. Then, simply click the "Invest" button to initiate copying their Polkadot trades.

Exploring eToro's Polkadot Copy Trading

eToro has a copy trading feature that offers a unique opportunity for those interested in cryptocurrencies, particularly Polkadot (DOT). This article will guide you through leveraging this feature to replicate the DOT trades of experienced investors who are also registered on this social investment network.

In addition, I'll also share my personal method for selecting traders, which might assist you in finding a crypto investor that aligns with your preferences.

Locating DOT Traders

There are several ways to find crypto traders on this platform, but the most straightforward method I discovered is through the "Copy Polkadot Investors" section on the Polkadot asset page.

🔍 My Preferred Method

This process significantly eases the task of identifying relevant crypto traders. The platform provides a handpicked list of recommended investors, thus eliminating the need for complex filter settings in the CopyTrader feature.

You'll find this section under the Overview tab. Simply scroll past the Graph, Latest News, About, and People Also Bought sections to discover a curated list of investors specializing in DOT. This list, showing each trader's name, username, and performance status (green for profit, red for loss), offers a focused selection of profiles actively engaged in crypto trading.

6 Steps to Copy a DOT Trader

To start copying an eToro Polkadot trader, follow these steps:

1. Visit the eToro profile of the DOT trader you're interested in.
2. Click the "Copy" button to open the "Copy this Investor" window.
3. Enter the investment amount, with a minimum of $200.
4. Make sure to select the "Copy Open Trades" option to include their ongoing trades.
5. Optionally, set a Copy Stop Loss to manage potential risks.
6. Press "Invest" to initiate copying the trader's activities.

What's the Final Step?

Now, it's up to you. eToro's investment network has a diverse range of traders for copying, so it's essential to review their portfolios in detail. I strongly recommend that you evaluate their statistics, historical performance, and risk score to match them with your investment objectives.

Final words: Efficient copy trading not only involves a careful choice of traders but also requires regular monitoring of their strategies and performance to align with your investment journey.