With crypto prices dropping, passive investing has become more popular in the cryptocurrency market because it often involves generating interest in digital assets you’re holding anyway.
Between DeFi protocols, CeFi platforms, and even crypto staking, these passive investing solutions offer variable rates reaching as much as 13% on average.
But what if we told you about a passive investing alternative that can achieve as much as 1,500% profits by copying top traders? Keep reading to learn more.
What Is Passive Investing?
Simply put, passive investing involves putting some capital on hold and generating a return as a result. How this happens varies, as does the amount of effort involved, which also impacts the rate of return.
Traditional passive income options include becoming a landlord and owning real estate on the highest investment, earnings, and effort levels, down to bond yields and savings accounts on the low end of earnings and effort.
In crypto, passive investing typically involves on-chain staking, DeFi applications, liquidity provisioning, or lending. Regardless of how it’s done, incremental interest is paid to the investor, compounding over time.
Why Does Passive Income Matter?
The demand for passive investing has been increasing in tandem with each new bear market low in crypto. Crypto investors are seeking ways to recoup losses or keep returns coming when they’re more difficult to come by and are looking instead to earn interest or passive income.
Although conditions are challenging in crypto, the most skilled traders can take advantage of the historical volatility across global markets today. PrimeXBT Covesting strategy managers can prove this by having their trading performance tracked in a transparent leaderboard system.
Followers can use the profit and loss data from the leaderboards to make decisions about which strategies to invest in. Clicking follow lets the follower automatically copy the trades of the copy trading strategy they’ve chosen, earning money each time a successful trade is closed.
What Is Copy Trading?
Unlike other passive investments, copy trading requires slightly more effort to determine which traders to follow – but not much heavy lifting is necessary at all. Followers also get access to stop-loss tools and can take profit on a following to secure gains. But for that extra effort, the earnings potential is significantly higher.
Top-ranked Covesting traders have earned as much as 1,500% in a single month. All-time profits in currently active strategies reach 4,000%. Retired copy traders from PrimeXBT achieved even more remarkable results.
Strategy managers earn a portion of followers’ success fees, incentivizing them to trade at their very best. The higher the profits, the higher the ranking in the leaderboards, giving the strategy more viability and the potential to attract even more followers.
How Are Such Profits Possible?
How are these strategy managers able to pull off such incredible performance, you ask? The answer is in the innovative PrimeXBT trading tools, such as long and short positions amplified with the power of leverage.
PrimeXBT also features more than 100 different trading instruments ranging from forex to crypto, commodities to stock indices. This means strategy managers have access to a diverse lineup of markets to choose from, plus ways to protect capital strategically.
The platform offers yield accounts to generate a variable APY of up to 13% during peak market conditions for passive investors who aren’t interested in managing a portfolio of strategies that comes along with copy trading.
What Are You Waiting For?
Are you tired of losing money in crypto? Don’t sell your assets! Copy trading requires only a small minimal deposit of BTC, ETH, USDC, USDT, or other cryptocurrencies to use as collateral. Don’t have crypto? Buy some with PrimeXBT utilizing a bank card.
With an account funded, it’s possible in only a few clicks to begin following top-ranked traders from around the copy trading community. Get started today with the Covesting copy trading module at PrimeXBT.
You can register for a free PrimeXBT account or download the award-winning PrimeXBT app from the Google Play Store for Android or the Apple App Store for iPhone. The mobile app features the full suite of PrimeXBT tools, including copy trading.