Face2trade (F2T) requires its master traders to have a hedge fund to be used in case of copy trading failures to compensate copier users.
F2T is a platform dedicated to social trading, specifically copy trading, with more than 50,000 traders and active 24 hours a day. On Face2Trade you can copy trading operations of bitcoin (BTC), solana (SOL) and polkadot (DOT) and other cryptocurrencies. Also, stocks of major global companies, such as Netflix, Spotify, Microsoft, and more.
Copying systems differ from one platform to another, but the principle is the same in all: the investor entrusts the management of his capital to another person. Whether manually or automated (the most common way), the trades and orders of the professional trader will have a direct impact on the copier’s portfolio.
In this CryptoNews tutorial you will learn how to use Face2Trade from scratch. Literally, from the initial registration process to how to withdraw your profits from the platform, including how to deposit money into your account or choose a trader.
How to start copy trading on Face2Trade?
First of all, in the main menu, to the left of the ‘login’ button, you can change the platform language to English if it appears in any other language.
To start copy trading, the first thing to do is to create an account on Face2Trade, by clicking on the “Sign up” option in the main menu. Unless you want to deposit USDT 50,000 or more, there is no need to KYC (‘Know your Customer’) on the platform. In other words, you will not need to register any personal details such as address and photos of identity documents.
The registration process consists only of providing your first name, last name, email address, password and accepting the customer agreement. The other agreement, about receiving advertising from F2T is optional. Once you enter your details, you will be taken to the ‘select a group of traders’ screen.
Selection of the best traders to follow
Now it is time for copy trading. As you can see in the image below, each group of traders varies in terms of investment periods and estimated returns, but they are identical in terms of profit payment (accrual) and deposit guarantee.
At this point you should analyze the conditions that best suit your time preference, deposit limits and investment capacity. After thinking carefully about your choice, click on ‘start investing’ in the trader group that best suits your preferences.
How to copy trade on Face2Trade?
You will now be on the deposit funds page, where you will have to decide which cryptocurrency you wish to deposit and use for copying on Face2Trade.
Here, on the deposit page, choose the cryptocurrency whose market capitalization, volume and fundamentals best suit you, or the one used by the trader you are most interested in, and click on the green arrowed ‘deposit’ box.
You will immediately see a page with the wallet address, which has a button to copy it directly to the clipboard. Do it that way. Now, send from your exchange or wallet the funds to that address. To avoid errors, send the same cryptocurrency you chose from the list before. In any case, F2T supports ERC-20, BEP-20, TRC-20, Bitcoin, Litecoin, BitcoinCash, Dash, Dogecoin tokens.
Remember: the deposit amount in the chosen cryptocurrency must be equivalent to USD 50 or higher. That is the minimum deposit amount on the platform. Also note that, if the insurance fund is less than the investment fund you will not be able to create a deposit.
Once the deposit is received, your funds will be transferred directly to your trading wallet associated with the group from the list you chose earlier.
From now on, your portfolio will be directly influenced by the professional trader’s trades. And that’s it: you are already copy trading.
Monitoring copy trading results in F2T
By clicking on the ‘my copy trading’ option in the left side menu, you will be able to check on a real-time chart the trader’s activity and movements, as well as the total profit and the amount available for withdrawal.
Once the income is deposited into your account, you will be able to withdraw it immediately, at any time and at no commission cost. Face2Trade will charge 10% of all winning trades on its platform. Every 24 hours, your balance will be updated with the income generated by the trader’s trades.
All that remains is to know how to withdraw funds to the wallet of your choice whenever you want. This withdrawal is done directly from the screen you are on now, which should still be ‘My trading copy’. In the bottom right corner of it the button that says ‘Withdraw’ serves for that purpose.
Withdrawing profits from your copies in Face2Trade
Before clicking the ‘Withdraw’ button, go to the left side menu and select the ‘My Wallets’ option. Next, you will again see a list of cryptocurrencies, only this time, next to the balance you have of each of them, available for withdrawal, there is a button called ‘Save information’.
Here you must enter the address of the wallet where you wish to receive it once you withdraw it, just below the symbol of the coin you use frequently. For example, if you are withdrawing BTC, your Legacy or SegWit address where you want to receive the satoshis; if ether, your Ethereum wallet address, and so on. After entering the addresses, be sure to save the information for each one.
Now let’s go back to that button in the ‘My commercial copy’ section that said ‘Remove’. Click on it. Doing so will take you directly to the ‘Withdraw earnings’ tab.
You will see the ‘Withdraw’ button enabled in the list of currencies in which you have available balance for withdrawal. Enter in that area the amount you wish to withdraw from the total amount available and press the ‘Withdraw’ button mentioned above and confirm the action. This will send the withdrawn amount to the address you previously associated with that currency, and that’s it. You will now have your earnings in your wallet.
Finally, referring acquaintances to Face2Trade has its advantages apart from trading and is another way to earn money on the platform. Until June 1, 2023, F2T will be attributing to its users, for referrals, 90% of the company’s net profits.