Alpha Impact launches platform to connect beginners with top crypto traders

New Delhi: Social trading platform Alpha Impact today launched its copy trading platform which allows cryptocurrency investors to copy bets made by top performing traders.

Apart from copying the trades of seasoned investors, newbie investors can also access latest news from crypto experts and learn the art of crypto investing through masterclasses and guides.

In turn, traders on the platform benefit from growing a follower base as a trusted opinion leader, which allows them to earn passive income from subscriptions and via a revenue sharing model that lets them earn a commission for each trade.

Traders will be charged a 0.5-1 per cent transaction fee for each such trade.

There is too much noise and too much volatility from unqualified people hyping or hating coins, said Hayden Hughes, CEO of Alpha Impact.

"We want to educate people about crypto trading and value investing by building a hub for investment insights where users can identify a top trader based on the trader’s actual trading history," he added.

While other copy-trading platforms keep traders anonymous, Alpha Impact encourages traders to become key influencers and bridges communication between followers and traders, to simplify copy trading and empower people.

Traders can select master traders based on themes like DeFi traders, NFT traders, BTC traders, as well as low risk and low volatility. Advanced customers are allowed to find a trader for copy trading in the options market.

New investors can invest an amount as low as $1. However, Indian traders can not completely copy master traders as not all tokens are available for domestic investors.