The social trading platform eToro has now made it possible to earn a second income with their Popular Investor program. 

It all has to do with their CopyTrader feature, which allows users to allocate funds to other traders’ investment moves — essentially, copying them. So, if you don’t feel like a confident crypto trader, but you see someone who is, use CopyTrader and you’ll mimic what they do automatically.

But what if you are a confident trader? Can you profit off being copied? Yes, you can.

You’ll have to apply to become a Popular Investor, but once you qualify, the chart below shows how the earning and upgrading system works. 

Once you achieve Champion status, your income will become a percentage of your AUM (assets under management). This means if the total equity of your copiers is $300,000, you’ll earn $500 a month (2% of 300,000 divided by 12) — plus the one-time $1,000 upgrade bonus.

The more copiers you have and the more assets they have, the more money you stand to make.

If you feel confident in your crypto trading game and are looking for some extra cash, this could be an avenue to explore.

eToro’s new Popular Investor program. Learn more about it here.

Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

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