How to Copy Trade Solana on Bybit: Step-by-Step Guide for Beginners

What is Copy Trading and Why Solana on Bybit?

Copy trading lets you automatically mirror experienced traders’ strategies, ideal for crypto newcomers. Solana (SOL), known for its speed and low fees, is a popular asset for trading. Bybit’s copy trading platform combines these advantages with user-friendly tools, allowing you to replicate top SOL traders’ moves without constant monitoring. This guide walks you through the entire process.

Step-by-Step Guide to Copy Trading Solana on Bybit

Step 1: Create a Bybit Account

1. Visit Bybit’s official website and click ‘Sign Up’
2. Enter your email and create a secure password
3. Verify your email via the confirmation link

Step 2: Complete KYC Verification

• Go to ‘Account & Security’ in your profile
• Submit ID documents (passport or driver’s license)
• Wait for approval (usually under 10 minutes)

Step 3: Deposit Funds

1. Navigate to ‘Assets’ > ‘Deposit’
2. Select SOL or USDT (recommended for flexibility)
3. Transfer crypto from your external wallet or buy via credit card

Step 4: Access Copy Trading Dashboard

• Click ‘Copy Trading’ in the top menu
• Select ‘Spot’ or ‘Derivatives’ (SOL available in both)
• Use filters to find SOL-focused traders

Step 5: Choose a Solana Trader to Copy

1. Analyze trader stats: ROI, win rate, and risk score
2. Check their SOL trading frequency and history
3. Review their portfolio allocation to Solana

Step 6: Configure Your Settings

• Set investment amount per trade (min $10)
• Choose stop-loss percentage to limit losses
• Adjust leverage if trading derivatives (1-10x)

Step 7: Activate and Monitor

1. Click ‘Copy’ on your chosen trader’s profile
2. Confirm settings and activate
3. Track performance via ‘My Copied Traders’ dashboard

Tips for Successful Solana Copy Trading

• Diversify: Copy 3-5 traders to spread risk
• Start Small: Allocate ≤5% of your portfolio per trader
• Update Weekly: Review trader performance and rebalance
• Set Alerts: Enable notifications for major SOL trades
• Learn Continuously: Study copied traders’ strategies

Frequently Asked Questions (FAQ)

What’s the minimum to copy trade SOL on Bybit?

You need at least $10 per trader. A $100 starting capital allows diversified copying.

Can I copy multiple Solana traders simultaneously?

Yes! Bybit lets you copy up to 10 traders at once. Diversify across different SOL strategies.

How are profits calculated?

Profits mirror the trader’s percentage gains minus fees. If they make 5% on a SOL trade with your $100 allocation, you earn $5 (before fees).

Is copy trading Solana on Bybit safe?

While no trading is risk-free, Bybit uses cold storage for funds and SSL encryption. Always set stop-losses and only copy verified traders.

Can I stop copying a trader anytime?

Absolutely. Go to ‘My Copied Traders’ and click ‘Stop Copying’. Pending trades will complete, but no new ones will open.

Copy trading Solana on Bybit simplifies crypto investing by leveraging expert strategies. Start small, choose traders wisely, and regularly review your portfolio to maximize SOL opportunities while managing risk.