This week, PrimeXBT revealed the debut of their all-new iOS application, which enables on the go access to the full suite of innovative features the award-winning trading platform is known for.
This also means that this latest application provides deeper access to the Covesting copy trading module, and will also allow access to all future updates to the Covesting ecosystem as we’ll explain further.
Here is everything you need to know about what the new PrimeXBT iOS app offers to the Covesting copy trading community.
All About The New PrimeXBT iOS App
A company blog post gives the full rundown of what the new iOS app has to offer, but we are going to do our best to provide an abbreviated list of the most important features because there is too much to cover and we want to put the spotlight properly on Covesting.
First and foremost, PrimeXBT offers CFDs on all of today’s hottest trading instruments, such as the S&P 500, Nasdaq, Bitcoin, Ethereum, Dogecoin, gold, silver, oil, natural gas, and many others. What is CFD trading, you ask? Well, CFD stands for contracts for difference and is a powerful synthetic trading contract on digital assets.
With so many assets available from a single account, users can build a highly diverse portfolio, manage positions on the go, and much more. Using the app, users can also make deposits and withdrawals starting with as little as $5 to fund a margin trading account with BTC, ETH, USDT, or USDC.
Users can use the services provided to buy cryptocurrencies to hold long-term, or to trade them using long and short positions, taking advantage of the volatility they are categorically known for. Users can also tinker with settings or apply promo codes to receive a discount or deposit bonus.
Finally, the iOS app offers users a way to even more quickly access 24/7 live support chat, should any issues or concerns arise. Each user is provided with a dedicated account manager for a fully personalized experience.
What The iOS App Offers Covesting Traders
Now, for what the app has to offer Covesting traders. Covesting is the name of the copy trading module found on PrimeXBT, as part of an ongoing partnership with fintech software developers by the same name. The Covesting team developed one of the most innovative peer-to-peer communities around, where skilled traders can build a reputation as a strategy managers, and attract a mass of followers using their skills and total profits as a measure.
The Covesting module itself keeps track of every trading metric related to every strategy manager’s every move, which is then presented as data for followers to use to pick which strategies to follow. Data is updated regularly, and all aspects of trading are fully transparent, from win to loss ratio, margin allocation and much more
Followers can copy the trades of these traders by following them, earning when they do. This helps new traders get their footing or those who want to sit back and let others do the work for them, have that chance. Strategy managers stay interested, because they make a cut off the success fees of their followers, for a win-win situation all around.
The only problem before was that users had to visit the browser version of PrimeXBT to access the Covesting module, which was a limiting factor for many who needed more freedom while on the go. But that is no longer the case with this new app for iOS.
The launch version does arrive with certain limitations, such as the lack of the ability to create a new strategy from scratch. However, the dev framework is in place due to the app being native, allowing the Covesting and PrimeXBT teams to regularly innovate at a faster rate.
Why Download The PrimeXBT App
The PrimeXBT app for iOS offers full control over one’s positions and portfolio from anywhere in the world, but that is only the tip of the iceberg of what waits beneath the sleek visual design.
There are more than 50 assets to choose from, from forex, crypto, stock indices, commodities and more, with all the tools, charting software, and more to get the most out of these highly volatile markets.
The best-in-class experience is now available from anywhere you find yourself, so long as you have your iPhone with you. The application is available for free on the Apple App Store for iOS, and PrimeXBT is offering a bug bounty program with up to $10,000 in prizes to be funded to traders’ accounts who report bugs.
Rewards will be given depending on the bug severity, and the order in which reports are received. For those that don’t want to participate in the bug bounty program, you can also leave feedback or simply rate the app with five stars.
What Is Next For The iOS App
The purpose of the all-new iOS app release was so that the app itself could keep pace with PrimeXBT and Covesting’s ever-growing lineup and roadmap of continuous innovation. The two companies plan to continue their partnership with the launch of Covesting Yield Accounts several weeks from now.
The tool will provide Covesting ecosystem users with a way to access top DeFi protocols safely right from within the PrimeXBT dashboard and without connecting blockchain wallets to decentralized applications like Uniswap. Using the tool, users can stake idle crypto assets for up to a 35% variable annual percentage yield.
By staking COV tokens, users can earn a 2x APY boost when the tool launches, as well as unlocking a bevvy of benefits for both followers and strategy managers who use the copy trading module. The COV utility token is available for purchase using the PrimeXBT exchange tool.
Covesting Yield Accounts, the iOS app, and the recent seven new altcoins added to PrimeXBT, all highlight the company’s commitment to growth and providing traders with an unprecedented value that cannot be found anywhere else.