Covesting is the copy-trading platform for cryptocurrency markets. Investors from around the world can compare the performance of hundreds of successful digital asset managers and mirror their trades automatically.
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Covesting aims to bring a copy-trading platform to cryptocurrency markets. Find out how the platform works today in our review.
Covesting, found online at Covesting.io, allows investors from around the world to compare the performance of hundreds of professional crypto asset managers, then mirror their trades automatically.
Have you ever wondered what kind of trades today’s top crypto traders are making? With Covesting, you can follow these traders, match their trading activity, and earn similar profits yourself.
Overall, Covesting aims to help investors and professional digital asset managers find each other. The goal, according to the official website, is “to help investors from around the world enjoy professional asset management services, by bringing a copy-trading platform to the digital currency markets.”
The Covesting pre-ICO and ICO are taking place throughout October and November. You can buy COV tokens during the crowdsale.
Let’s take a closer look at how Covesting differentiates itself from other copy-trading platforms on the market – because it’s not the only one out there.
About Covesting And How It Works
Covesting allows users to browse through dozens of trading strategies created by professional digital asset managers. Then, they can subscribe to the trading strategy that matches their goals.
Investors can get an overview of each strategy, access real-time and historical trading performance for that strategy, read reviews, and ask questions about the strategy.
You don’t have to lock yourself into one single strategy. Investors can subscribe to up to 20 different trading models. You can also individually manage risk for each allocation.
To track performance, you can access consolidated, real-time reporting to get a full picture of all of your investments at any time.
Meanwhile, asset managers can benefit from the platform by focusing on their trading activities. Instead of worrying about acquiring clients or marketing themselves online, asset managers can focus on what they do best.
Any trader can become an asset manager. To start, setup a trading model, then earn additional income by allowing others to copy your trades. As you become more successful, you’ll naturally rise to the top of the Covesting platform.
Model managers have access to a variety of reports about every aspect of trading, revenue, and subscribers – all in real time.
The end result is a marketplace where individual cryptocurrency traders and professional fund managers are brought together, with all sides enjoying benefits. Investors can choose from a range of strategies, while traders can access new audiences and income sources.
Features And Benefits Of Covesting
Trade like a professional, and follow the best traders to enjoy similar gains
Monitor your portfolio, analyze performance, and stop subscribing to a model at any time
Enjoy safe investing; you retain control of your funds at all time, and there’s no need to transfer funds to model managers
Traders can setup a trading model and continue trading exactly like they do every day while enjoying additional benefits
Traders can rise to the top of the Covesting platform by consistently making smart, profitable trades
Traders can earn 18% success fees from all profits generated by investors
Covesting charges a 10% commission on all profits generated by investors on the platform. Traders, meanwhile, enjoy 100% profit – they don’t need to pay any fees. The investor pays all the fees.
In total, investors will receive 72% of profit generated by the platform. 10% goes to the platform, while 18% goes to the trader as a “success fee”.
There’s also a 2% entry commission, charged every time an investor deposits funds to their account.
The Covesting website doesn’t mention any other non-profit-related fees. So it appears you only pay when your portfolio is gaining money (aside from the 2% deposit fee).
How Does The COV Token Work?
The Covesting token, or COV, is an ERC20 token and smart contract system built on Ethereum. It’s used for transactions on the Covesting platform.
Members buy COV tokens in order to subscribe to one or more trading models offered by model managers (traders) on the platform. As volume grows on the platform, the value of COV tokens is expected to grow.