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


US and South Korea seek extradition of Luna founder Do Kwon

Both US and South Korean officials are seeking to extradite Terraform Labs CEO Do Kwon, just hours after he was arrested in Montenegro.

Retail FX

Pepperstone UK doubles profit, client assets in 2022

The London-based entity of Australian FX broker Pepperstone has reported its financials for the fiscal year ending June 30, 2022. The group had outperformed the last year’s flat performance, having doubled revenues and boosted the broker’s bottom line and shareholders’ fortunes.

Institutional FX

CLS FX volume rises to just shy of $2 trillion in February

Foreign exchange settlement provider, CLS Group saw strong volumes in February 2023 as the banking crisis continues to weigh on a world economy that’s yet to fully recover from the Russia-Ukraine war’s shocks.

Digital Assets

Binance restores trading after 2-hour outage

Binance suffered a breakdown on its trading engine that lasted for about two hours, but the premier cryptocurrency exchange finally managed to restore normal operations at around 14:00 UTC.

Digital Assets

Tether earns $700 million in Q1, taking excess reserves to $1.6 billion

Tether chief technology officer Paolo Ardoino said the world’s largest stablecoin issuer expects to earn more than $700 million in the January-Mach quarter, which will be added to the reserve backing its stablecoin (USDT).

Digital Assets

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance received strong support from Animoca Ventures and angel investors in a $1 million seed funding round, reinforcing the company’s vision of providing an accessible platform to all.


SteelEye tries ChatGPT for market surveillance

This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.

Industry News

SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products.