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Introduction
Cryptocurrency trading is the act of buying and selling digital currencies. Crypto trading is dependent on the market volatility, which traders can take advantage of to reap big profits from their trading activities.
Opportunity
Traders can take advantage of the crypto volatility to make profits. The new technology has allowed crypto traders to do trading 24/7. However, opportunity comes with certain challenges as it requires traders to be alert 24/7 to monitor and execute their trades.
Problems
One of the biggest challenges brought about by technology and new trading schemes is the need to be alert all the time 24/7 to monitor and execute trading activities. Crypto prices are highly volatile, hence requires constant monitoring to scoop optimum benefits as a trader. This brings out a further challenge with time, which is limited for traders. Although it is possible to trade manually, it is not the best approach to make optimum gains as it may require being alert throughout the day and night for seven days a week.
Solution
There are always opportunities and solutions to every problem man faces. For this challenge, the solution is trading bots. These are platforms that allow traders to automate their trades by initiating trading programs to carry out activities on behalf of traders. Bots work round the clock, thus can manage the price volatility to optimize gains. Bots can be used to program transactions to produce accurate and timely trade activities.
About
Covesting is a trading platform that provides a highly competitive exchange for traders. The trading bot is also one of the best for social trading, which is favorable for newbies.
The platform is known for its features that allow traders to exchange crypto for crypto. A trader can also select virtual currencies, and copy the trading strategies and positions of other Covesting users. While offering good opportunities for beginners.
Covesting is equally good for experienced professional traders. One of the most important strengths of Covesting is that it is convenient for both traders and investors. In this arrangement, traders support investors, as investors reward professional traders. This creates a win-win situation for both parties.
A trader can benefit from the many features of Covesting, which include:
- Complete trading platform: Covesting is not just an exchange but a complete trading platform. It gives users access to high liquidity for selected cryptocurrency pairs, advanced tools, social signals mechanisms hence the ability to maximize their profits.
- Highly advanced tools and technology: The platform has one of the most advanced tools and technologies for trading. For example, its COV tokens are distributed to make a state-of-the-art trading infrastructure for its users.
- Dedicated team: one of the few platforms with real team members, comprising of more than 25 people. The team is comprised of software developers, IT security specialists, designers, analysis, traders, support professionals, and blockchain experts.
- Mobile App: Covesting also has a mobile app version, which helps both traders and investors to access their account on-the-go.
- Investors and Traders meeting point: this is the ultimate venue where successful professional traders meet new investors.
Ease of use
Getting started with Covesting is easy as it only requires an email address, password, and referral ID to sign up. It also has a comprehensive user guide where new traders and investors can learn how to trade and collaborate with other members. As one of the few platforms with openly unveiled team members, it brings a lot of legitimacy and transparency to crypto trading and learning how to trade.
Safety
The automated trading conducted on the Covesting platform is done via API. The platform also has encrypted its data to ensure a safe and efficient peer-to-peer investment environment.
Even as traders benefit from successful fees they generate by conducting profitable trading, investors also enjoy peace of mind because they know their funds are being traded following the industry model of trading.
![Facebook](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fallcryptobots.com%2Fexplore%2Fcovesting%2F"e=Covesting&description=Covesting+is+a+trading+platform+that+provides+a+highly+competitive+exchange+for+traders.+The+trading+bot+is+also+one+of+the+best+for+social+trading%2C+which+is+favorable+for+newbies.The+platform+is+known+for+its+features+that+allow+traders+to+exchange+crypto+for+crypto.+A+trader+can+also+select+virtual+currencies%2C+and+copy+the+trading+strategies+and+positions+of+other+Covesting+users.+While+offering+good+opportunities+for+beginners.Covesting+is+equally+good+for+experienced+professional+traders.+One+of+the+most+important+strengths+of+Covesting+is+that+it+is+convenient+for+both+traders+and+investors.+In+this+arrangement%2C+traders+support+investors%2C+as+investors+reward+professional+traders.+This+creates+a+win-win+situation+for+both+parties.+A+trader+can+benefit+from+the+many+features+of+Covesting%2C+which+include%3A++%09Complete+trading+platform%3A+Covesting+is+not+just+an+exchange+but+a+complete+trading+platform.+It+gives+users+access+to+high+liquidity+for+selected+cryptocurrency+pairs%2C+advanced+tools%2C+social+signals+mechanisms+hence+the+ability+to+maximize+their+profits.++%09Highly+advanced+tools+and+technology%3A+The+platform+has+one+of+the+most+advanced+tools+and+technologies+for+trading.+For+example%2C+its+COV+tokens+are+distributed+to+make+a+state-of-the-art+trading+infrastructure+for+its+users.++%09Dedicated+team%3A+one+of+the+few+platforms+with+real+team+members%2C+comprising+of+more+than+25+people.+The+team+is+comprised+of+software+developers%2C+IT+security+specialists%2C+designers%2C+analysis%2C+traders%2C+support+professionals%2C+and+blockchain+experts.++%09Mobile+App%3A+Covesting+also+has+a+mobile+app+version%2C+which+helps+both+traders+and+investors+to+access+their+account+on-the-go.++%09Investors+and+Traders+meeting+point%3A+this+is+the+ultimate+venue+where+successful+professional+traders+meet+new+investors.&picture=https%3A%2F%2Fallcryptobots.com%2Fwp-content%2Fuploads%2F2020%2F01%2Fcovesting.png){kind=link}
ACB Admin
March 15, 2020 at 10:52 pmCovesting is not just an ordinary platform as it provides a complete trading environment giving users full access to high liquidity for selected cryptocurrency pairs. Its advanced tools and social signals mechanisms help traders and investor to maximize gains. More importantly, its strongest feature is the ability of users to collaborate, hence investors around the world can compare the performance of many successful cryptocurrency traders and mirror their trades automatically to their account.