Connect With Passive Income Tools Using Covesting Solutions At PrimeXBT

FinanceFeeds Editorial Team

Crypto winter has profits in the deep freeze, but passive investing can keep crypto holders in the green without worrying about buying, selling, or actively trading at the exact right time. 

Crypto winter has profits in the deep freeze, but passive investing can keep crypto holders in the green without worrying about buying, selling, or actively trading at the exact right time. 

At PrimeXBT, there are plenty of passive investing alternatives outside of the mainstay margin trading tools that the platform is known for. Here are all the ways you can connect with passive investing tools using PrimeXBT.

About The Covesting Ecosystem At PrimeXBT 

At the core of PrimeXBT’s passive investing experiences is the Covesting ecosystem, consisting of the Covesting copy trading module, Covesting yield accounts, and the COV token. 

The Covesting copy trading module is a peer-to-peer copy trading community filled with followers and strategy managers. Covesting yield accounts earn up to 14% APY by staking idle crypto assets. The native COV token unlocks Premium, Advanced, and Elite memberships that increase APY rates by up to 2x, reduce trading fees for strategy managers, increase the profit share for followers, and more.

Yield Accounts Are The Key To Easy Passive Investing

No tool on PrimeXBT is more passive in the way it generates profits than Covesting yield accounts. Covesting yield accounts provide a variable return on interest by staking idle crypto assets. 

All it takes to earn interest on crypto assets is to navigate to the PrimeXBT account dashboard and begin staking by connecting to top DeFi protocols without having to leave the platform. Rates reach up to 14% APY during peak market conditions, and rewards are paid out to the staking balance daily to allow for compound returns.

Covesting Lets Copy Traders Follow The Cash Flow

The Covesting copy trading module is another way to earn income passively. In this case, the copy trading module consists of two types of traders: strategy managers and followers. Strategy managers must be highly active and successful in order to attract followers.

On the other hand, followers can earn passive income by copying the trades of top-ranked strategy managers. Before following a trader, followers must scout the performance of skilled traders within the Covesting leaderboards. The system provides detailed metrics about wins, losses, and total profits.

COV Token Memberships Put More Money In Your Pocket

Profits can be significantly improved for Covesting followers, strategy managers, or yield account stakers. Users can unlock many account-level benefits by activating an Advanced, Premium, or Elite COV token membership. 

Benefits include up to a 20% discount on trading fees, a 20% profit share for followers, and a 2X APY boost in Covesting yield accounts. COV token information and membership levels can be viewed in the MyCOV section of PrimeXBT. 

Revenue-Driving With The PrimeXBT Referral Program

PrimeXBT users can also make additional income without trading by using a unique referral link and sharing it with friends and family. 

Users who bring new users to the platform can earn some of the highest commissions in the finance industry. Commissions reach up to 20% per referral and up to four levels of referrals.

Make Money Passively Or Actively Using PrimeXBT

Passive investing is only a tiny slice of what PrimeXBT has to offer the investing and trading community. The platform is known best for its margin trading tools, long and short positions and more than 100 different instruments across digital and traditional assets.

With PrimeXBT, you never have to sell your crypto assets. They can be used for collateral for margin trading or be put to use in a variety of passive investing tools. Combat crypto winter or any sideways trend by earning income passively using PrimeXBT.

Read this next

Digital Assets

Flock.io and io.net Unite to Pave the Way for Decentralized AI Development

In an effort to create a community-driven Flock.io platform for on-chain, decentralized AI models; the leaders have decided to join hands with io.net to power Flock with decentralized computing.

blockdag

Crypto 2025: The Action Points to Follow to Capitalize on Bitcoin and BlockDAG Network’s 2025 20000X ROI Predictions

In this analysis, we delve into the price predictions for Bitcoin and BlockDAG Network, and we explore the factors driving these projections while offering actionable insights for investors that are looking to capitalize on the 20000x potential of these projects.

Retail FX

Orfinex joins Financial Commission as approved broker member

Multi-asset brokerage firm Orfinex has become a member of the Financial Commission, joining the ranks of the self-regulatory organization. This accreditation reassures traders that the firm meets the quality standards set by the commission.

Fintech

Telegram CEO’s Bitcoin stash valued in hundreds of millions

Telegram CEO Pavel Durov revealed that he has held several hundred million dollars in fiat and bitcoin for the past decade.

Digital Assets

Bitcoin drops below $60K as halving just 300 blocks away

Bitcoin fell below the $60,000 mark on April 17, just days before a scheduled reduction in mining rewards, known as the “halving,” which is set to occur on April 20.

Chainwire

New Meme Coin ICO Dogeverse Raises $6 Million After Completing Coinsult Audit

A new multichain meme coin, Dogeverse, has raised $6 million in its presale and recently passed a smart contract audit.

The new meme coin leverages bridge technology, ensuring the token is available across the most prominent on-chain markets.

Retail FX

Interactive Brokers posts Q1 earnings, raises dividend

Interactive Brokers Group Inc (NASDAQ:IBKR) announced its first-quarter financial results for the period ending March 31, 2024. The leading automated global electronic broker reported a GAAP diluted EPS of $1.61 and an adjusted EPS of $1.64.

Fundamental Analysis, Tech and Fundamental

Global FX Market Summary: USD, FED, Gold  April 17 ,2024

The Fed’s hawkish stance on interest rates is strengthening the US dollar while central banks globally grapple with inflation and economic growth.

Digital Assets

Kraken launches self-custodial wallet, joining competitors like Coinbase

Kraken, the second-largest U.S.-based cryptocurrency exchange, has introduced its own digital wallet, aligning its offerings with those of competitors like Coinbase.

<