How to Easily Buy the COV Token? [2021]

The COV token has been one of the hottest cryptocurrencies in the markets throughout 2020, and as we come into 2021, many crypto analysts have looked long and hard at the COV token for its potential this year.

There are a number of developments in the project behind the COV token, Covesting.io, at the end of 2020 in particular that have led many to believe that the COV token can continue it's upwards trajectory that has been seen throughout the past 12 months and could be one of the top performing or coins of this year's bull run.

In order to understand this better, this guide takes a deeper look at the potential strengths of the COV token in 2021 and also breaks down how to easily be able to buy COV for investors that would like to take advantage of COV this year.

What is COV?

COV is the cryptocurrency that was created by Covesting.io in 2017 when that project launched and successfully raised more than $18 million in funding with their ICO as a result of the huge unmet demand for copy trading within the cryptocurrency market.

The COV token was created as a vehicle for value to flow between users when they covest, and as a result of the kind of value that can be unlocked using the COV it has been one of the most profitable tokens in the cryptocurrency market to investing over the past 12 months, with a price growth of more than 1,000% during that time.

The COV token can be used to access a number of token utilities on PrimeXBT's Covesting module which provide users with the ability to cut their costs of using the platform as well as being able to increase the revenue that they are able to gain when they use the Covesting module, with this being the driving force for much of the demand for COV.

What is Covesting?

Covesting is the world's first form of cryptocurrency copy trading and it was created and introduced to the crypto market in 2017 with the launch of Covesting.io, with it also coming a range of innovative new ways to access cryptocurrency copy training.

The basic structure of covesting is that experienced traders known as “strategy managers” will create peer-to-peer investment funds on PrimeXBT's Covesting module, with these investment funds being tied directly to specific strategies that are publicly described to potential investors, known as “followers”.

When a follower decides to invest into a strategy, the capital that they deposit into the manager’s fund will then copy the same trades that the manager executes, with this meaning that each follower that follows a strategy manager shares in the same ROI’s that they are able to generate, and this being particularly beneficial for inexperienced traders that typically don't have ability to reliably generate profit.

In return for the service that they are providing to their followers, strategy managers will then be rewarded with a 20% success fee on all of the profit they are able to generate, with this being a strong motivator for them to develop the best trades and strategies they are able to.

What is the Covesting module on PrimeXBT?

Following the launch of covesting successfully in 2017, the team behind the project spent the following two years building the systems and infrastructure that would be required to bring cryptocurrency copy trading to the market for the first time, and in late 2019 news broke that Covesting.io would be partnering with the world's largest multi-asset margin trading platform, PrimeXBT.

The nature of the partnership between PrimeXBT and Covesting.io would be to develop a new module that would be integrated into PrimeXBT and that would allow users of that platform to have direct access to covesting for the first time.

The beta phase of PrimeXBT's Covesting module ran from April 2020 until August 2020 and saw more than $1 million in equity provided by followers into different strategies, with this confirming the high levels of demand for copy trading in the cryptocurrency space, and the Covesting module was launched as a full version directly after the conclusion of the beta.

What are the Best Options for Buying COV?

Uniswap

Uniswap is a decentralised exchange that has been at the forefront of the decentralised finance craze that has taken the cryptocurrency industry by storm in 2020 and 2021, and has led to huge amounts of liquidity being deposited into tDeFi platforms around the world.

Unlike centralized cryptocurrency exchanges which use orderbooks in order to calculate the price of different trades, decentralised platforms like Uniswap often use bonding curves, which are mathematical formulas that assign an exchange rate based upon the ratio of assets within a pool.

Uniswap is a cutting edge cryptocurrency trading platform that lists COV and is one of the best places online in order to invest into COV, with there being a range of advantages of using Uniswap in comparison to other platforms.

KuCoin

KuCoin is one of the longest standing cryptocurrency exchanges in the market today and one that manages a very large amount of cryptocurrency trading each and every day.

KuCoin lists COV, amongst many other different cryptocurrencies, and since the launch of COV it has been the largest platform online to provide direct access to this popular cryptoasset.

KuCoin has a range of different advantages for users that are looking to buy COV, and being that the platform has been in the market for many years it has built a large and loyal following of cryptocurrency traders throughout this period of time.

PrimeXBT (Coming Soon)

PrimeXBT is the fastest growing cryptocurrency trading platform on the market in 2021, having launched in 2018 with a waiting list of more than 150,000 traders, and today managing up to $3.7 billion of global trade each and every day, with this representing a huge amount of growth in a relatively short period of time.

While the COV token is not currently listed for trading on PrimeXBT, PrimeXBT is the home of covesting, with the Covesting module being the best place online to have direct access to cryptocurrency copy trading, and as a result PrimeXBT has announced that at some point in the future COV will be also listed on the platform.

There are a wide range of different advantages of using PrimeXBT that have led to its exponential growth over the past few years, with some of these including the lowest trading fees in the market and some of the best security of any cryptocurrency trading platform.

What are the Advantages of Each COV Trading Platform?

Advantages of Uniswap

Because Uniswap is a decentralised trading platform, it means that bonding curves are used on the platform in order to assign trades, and this can be beneficial for traders that would like to be able to use a system other than the normal orderbook system that is used.

Also because the platform is decentralised it means that Uniswap does not take custody of the assets that are traded on it, with this providing better security then is the case with many other situations.

Also Uniswap is an interesting and innovative platform and the user interface of Uniswap is easy to get used to and minimalistic, making it easy to navigate.

Advantages of KuCoin

KuCoin has the largest liquidity for COV trading and therefore is a good option for those who would like to make larger investments into COV in particular.

As well as this, because KuCoin is a centralised trading platform that uses orderbooks it can often have less slippage on large transactions than is the case with a decentralised platform such as Uniswap, and therefore optimal entries into the COV market may be achievable with KuCoin.

KuCoin also lists a wide and diverse range of other assets to trade against as well and therefore it can be a convenient place to trade.

Advantages of PrimeXBT

PrimeXBT is one of the leading crypto trading platforms in the world and it provides the lowest fees of any major crypto trading platform with a flat rate of just 0.05% being applied to all trades.

PrimeXBT also has bank-grade security measures implemented throughout the platform that have ensured that its users have remained safe and it has never been hacked, with some of these security features including examples.

PrimeXBT also is the home of the Covesting module and therefore it is convenient for covesting users that would like to source COV to be able to buy it on PrimeXBT and then use it on the same platform.

In Conclusion: How to Easily Buy the COV Token?

The COV token is projected to be one of the strongest investments within the cryptoasset market in 2021’s bull run, with this being largely as a result of the introduction of a range of powerful new COV token utilities at the end of 2021 and the continued up with trajectory of the growth of covesting.

There are a number of different large-scale markets for acquiring COV in the cryptocurrency space currently, with Uniswap and KuCoin being the two largest markets and the most common way for investors to be able to access COV.

If you would like to find out more about the COV token and about covesting in general, check out PrimeXBT’s Covesting module.