How To Maximize APY With New Covesting Yield Accounts On PrimeXBT

Covesting Yield Accounts On PrimeXBT

May 21st, 2021   |   Updated on December 22nd, 2021

Two finance industry titans have teamed up for a number of projects in the past, but the latest is arguably the most exciting addition yet. Why? Because PrimeXBT is a trading platform, and while the Covesting copy trading module does enhance the trading experience overall, the Covesting Yield Account module will further complement both tools by offering an APY on crypto assets, in addition to traditional trading and copy trading activities.

There’s also a way to get even more out of the experience by tapping into the power of powerful COV token utility.

Here’s an in-depth guide on how to get the most outstanding possible yields from the all-new Covesting Yield Account system coming in Q3 2021.

What Are Covesting Yield Accounts?

Covesting Yield Accounts are the latest innovation resulting from the ongoing B2B partnership between PrimeXBT and Covesting – a European licensed DLT software developer.

Covesting licenses its fintech software to brands like PrimeXBT under a white label agreement. PrimeXBT was the first partner to exclusively launch the Covesting copy trading module, home of some of the industry’s most successful strategy managers.

While Covesting copy trading was all about connecting followers and strategy managers for fully transparent copy trading, Covesting Yield Accounts are a way to bypass the confusing DeFi landscape and directly access the segment’s hottest platforms from right within the easy to use PrimeXBT dashboard.

Users without any technical knowledge or who prefer not to waste time while accessing DeFi will prefer PrimeXBT’s familiar user interface and reliable platform. Even better, because PrimeXBT and Covesting are involved, there are always surprises for the most loyal users.

Early Birds Get %1 APY Boost For Joining The Waitlist

Users who learn about Covesting Yield Accounts on PrimeXBT are bound to be eager to gain access to the simplified DeFi tool.

PrimeXBT rewards that excitement by adding any users who join a waitlist to a group that activates a 1% APY boost during the first month after launch.

The early bird boost is available to all and requires only registration to PrimeXBT. While waiting, users can deposit BTC, ETH, USDC, and USDT – assets recently unlocked via the new PrimeXBT V2.0 update.

The upgrade also provided the foundation for future updates, such as fiat currency support, more COV token integration, and of course, the new Covesting Yield Account module.

COV Token Integration Gets The Most Out Of Covesting Ecosystem

The COV utility token is an ERC-20 token and soon to be BEP-20 token on Ethereum and Binance Smart Chain, is the native token to the Covesting ecosystem of products.

When Covesting designs a new product, it includes COV token integration from the ground up, and all benefits focus on improving the value proposition for long-term token holders.

As such, COV tokens are crucial to getting the most APY out of Covesting Yield Accounts. In addition to the 1% APY boost, COV token holders get the biggest bank for their crypto by staking COV tokens through new COV token staking, which unlock up to three tiers of benefits for users.

The three tiers – ranging from Advanced, Premium, and Elite – also unlock increasingly more significant APY boosts of up to 2x.

Doubling the APY rates on top crypto assets that already beat traditional savings accounts by hundreds of times will bring the crypto community unprecedented value, and it is due to the COV token and the clever integration from Covesting in partnership with PrimeXBT.

Each of the three tiers of COV token staking membership statuses also increases follower limits, reduces trading fees, or eliminates new following entry fees from Covesting followers. These benefits also greatly enhance the potential profitability of the Covesting copy trading module.

There, users must watch the battle between other top strategies on the global leaderboard system closely to pick the best strategy to suit their specific needs.

Covesting copy trading users leverage the advanced trading tools found on PrimeXBT, including built-in charting software, long and short positions, and much more.

Top users have amassed millions in success fees and made millions more for their followers in the process.

These stories are not just the stuff legends are made of but are commonly found tales happening almost daily on Covesting. Take a look at the leaderboards for yourself to find out first hand.