There are 3 types of the strategy depending on the management of copy trading and subscribers’ API keys. Let's check each of them.
1. Sharing the signals with the Coinmatics users (public strategy)
The first type is is to create a strategy that will be published in the strategy list — https://coinmatics.com/strategies.
During the strategy creation process the crypto trader sets the fees subscribers will pay for following their trading strategy and copying orders.
2. Private crypto copying community or private strategy
If a trader has a community and shares the signals for them to manually execute on exchange, there is an option to automate the process with Coinmatics.
The steps will be the same (and the same copy trading process) as for a public strategy but this kind of strategy will be hidden and available only for the trader’s community. Only a trader will be able to share the link. Other Coinmatics users won’t see the strategy without the link.
The payments are also set by traders during the strategy creation process.
3. Trust management
This option is similar to the private strategy, but the community trusts traders with their API keys and funds to manage copy trading on their behalf. As an advantage, subscribers don’t need to register their own Coinmatics accounts. This prevents them from subscribing to another strategy, as they won’t see other traders on Coinmatics platform.
The conditions and cost can be discussed with the Coinmatics team. Please send the request to [email protected] with the subject “Trusted strategy type on Coinmatics” or fill in the form here: https://coinmatics.com/for-traders/ (Trusted -> Request information about trusted strategy).