PrimeXBT offers a suite of powerful trading tools

Everyone has heard the quote from Warren Buffett about making money while you sleep is the key to wealth. While passive investing is always a wise strategy, as the Oracle of Omaha suggests, active trading is arguably more exciting and potentially profitable.

Even Buffett himself trades as well as focusing on passive income assets. When it comes to cryptocurrencies, the potential for profit in both ways is practically endless, although the risks also increase exponentially due to the highly volatile nature of the market.

PrimeXBT has developed a range of different tools aimed at enabling traders to craft specific strategies tailored to suit their trading and investing styles.

Access to active trading tools

PrimeXBT is a multi-asset trading platform that acts as a comprehensive solution for active and passive investing. A variety of cryptocurrency-based products and services are offered under one roof. The platform is easy to use and packed with powerful tools.

Active traders get access to leveraged long and short trades, stop loss protection, built-in charting tools, and more to take advantage of which trend is headed – without having to wait for a market recovery in between. These traders can take advantage of bullish, bearish and sideways trading ranges over any time frame. However, it should be noted that high leverage also significantly increases the risk of liquidation, and should only be used by traders with sufficient market experience and not by beginners who are looking for disproportionate returns.

Experienced traders with high activity and a large number of followers can earn higher income by becoming a strategy manager with Covesting’s Copy Trading Unit. Strategy managers make a profit share from followers on the platform who copy their trades. There is also the possibility to make a commission from all the referred users who come to the platform for the first time and who register.

Put passive investing to work

On the downside of the equation, Covesting traders can follow the top rated strategy managers and make profits every time these traders close a profitable trade. It only requires minimal activity, followers manage their wallets through who they follow or set maximum withdrawal levels for security reasons.

With minimal effort or time required, followers can earn money. By using COV token membership, followers can also improve their revenue share to earn more money from successfully copied deals. Upgraded COV token memberships are available at Advanced, Premium, and Elite levels, as well as unlocking benefits via the Covesting Transcription module, they offer up to 2x APY with Covesting Earning Accounts.

Covesting Return Calculations are a passive investing solution. They connect to the best DeFi platforms from the PrimeXBT account dashboard, allowing users to participate in idle crypto assets at a variable APY rate. Interest rates are up to 14% APY under extreme market conditions.

conclusion

PrimeXBT and Covesting are a 24/7 trading mix that also offers 24/7 customer service. The PrimeXBT smartphone app also allows investors and traders to stay connected anywhere in the world from their fingertips.

The margin trading platform is bundled into an educational website, a weekly trading contest and much more in addition to the active trading and passive investing options described in this article.

PrimeXBT post delivery of a suite of powerful trading tools made its debut on CryptoPotato.

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