BitTap Copy Trading FAQs

1. What is BitTap Copy Trading?
   BitTap Copy Trading is an automated trading feature that allows users to automatically replicate the trades of selected lead traders. You can either become a lead trader, allowing others to follow your investment portfolio, or follow experienced lead traders as a copy trader. This feature enables beginners or users without time for market analysis to participate in trading.
2. Can I be both a lead trader and a copy trader at the same time?
   Yes, you can maintain a lead trading portfolio while simultaneously following up to 20 different lead traders’ portfolios.
3. Is the copy trading account shared with my BitTap contract account?
   No, the copy trading account is separate from your BitTap contract account. This means funds in copy trading are managed independently from other contract trades.
4. What contract trading pairs does BitTap support?
   Currently, BitTap Copy Trading supports over 70 contract trading pairs. The list of supported trading pairs may change depending on market conditions.
5. What is the difference between lead trading and regular contract trading?
   The interface, process, and tools for lead trading are similar to contract trading, providing lead traders with a smooth trading experience. However, features like trailing stop orders and cross-margin modes are not supported in lead trading.
6. What are the benefits of being a lead trader?
   As a lead trader, you can earn up to 30% of the profits generated by copy traders following your strategy, with the default set at 10%.
7. Can lead traders use API for trading?
   No, lead traders are currently not allowed to use API for trading.
8. How many lead traders can a copy trader follow?
   A copy trader can follow up to 20 different lead traders at the same time, offering flexibility in adjusting investment strategies.
9. What is the difference between fixed ratio and fixed amount copy modes?

• Fixed Amount Mode: The copy trader sets a fixed amount for each trade, and the system follows the lead trader’s trades using this amount.
• Fixed Ratio Mode: The copy trader sets a total investment amount, and the system proportionally mirrors the lead trader’s trades based on this amount.

1. What is slippage protection, and how does it work?
   Slippage protection prevents significant price deviations during market volatility when executing copy trades. Currently, the slippage protection limit for BTCUSDT and ETHUSDT is 0.3%, while it is 0.5% for other trading pairs. When market volatility exceeds these limits, copy trades will pause to prevent losses.
2. Why did my copy trade fail?
   Common reasons for copy trade failures include:

• Insufficient margin balance: Your copy trading account doesn’t have enough funds to open a position.
• Limit orders not fully executed: The lead trader’s limit or stop-limit order wasn’t fully executed, causing the copy trade to fail.
• Market slippage exceeds the limit: Market volatility exceeded the slippage protection limit, causing the copy trade to fail.
• Opposite position opened by lead trader: If the lead trader opens a position opposite to your current position, the system may automatically close the trade or restrict further copy trading.
• Insufficient nominal value: The minimum nominal value of the trading pair wasn’t met, resulting in a failed trade.

1. Can copy trading guarantee profits?
   No, copy trading cannot guarantee profits. It carries risks, especially during market volatility. Users should manage risk responsibly and invest within their means.
2. What do the labels next to copy trading projects mean?

• High Leverage: If a lead trader used leverage of 20x or higher in the past 7 days, the system will display a “High Leverage” label.
• API: When a lead trader uses API for trading, the system will display an “API” label.

1. Can sub-accounts participate in copy trading or lead trading?
   No, sub-accounts cannot participate in copy trading or lead trading. This feature is only available for main accounts.
2. Can I earn referral commissions through lead or copy trading?
   Yes, you can earn commissions through the BitTap referral program for lead or copy trading. By inviting other users to join and trade, you can earn a portion of their trading fees as referral rewards.

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