As the crypto market grows and receives wider participation from the global investment community, the products and services offered should become increasingly competitive, easy to use and more robust by the day. Not only should there be many options for active traders and investors, but there should be plenty to satisfy the appetite of passive investors today who want to put their money to work without doing the extra work themselves.
The three platforms are specialized as services that provide multiple methods for passive investor And for traders to earn income without investing as much time, effort or capital as possible to be successful. The platforms are as follows: PrimeXBT, Gate.io, and eToro,
Passive Income Opportunities Crypto Platform Comparison
Here’s a direct comparison between each of these three contestants, as well as a conclusion on which of the three is supreme.
primexbt
PrimeXBT is one of those platforms that puts passive investing on the map. Once the DeFi trend exploded, it was the first to simplify DeFi by connecting its platform directly to top industry protocols. By doing so, users are able to stake their dormant crypto assets and earn a variable APY of up to 14% depending on the current market conditions. PrimeXBT also provides a way to activate COV token membership which increases earnings. produce accounts up to 2x.
The COV token is the native cryptocurrency of the covesting ecosystem. By activating the membership mentioned above, users can get a number of benefits such as lower trading fees or increased followings. Costing Copy Trading lets skilled users become strategy managers who have tracked their performance within the global costing leaderboards. Followers use this information to find the trader of their choice, copy their trades, and then sit back and make a profit.
PrimeXBT is a margin trading platform at heart, so strategy managers have access to the professional trading tools provided, such as leverage and long and short positions. There are also over 100 trading instruments in crypto, forex, commodities and stock indices. This means that investing copy trading experience can yield significant profits in a short amount of time. The PrimeXBT packs a boatload and more features under just one roof.
get.io
Gate.io is a crypto exchange with a significant focus on buying cryptocurrencies such as Bitcoin, Ethereum and Litecoin. However, like many of today’s platforms, they also offer a ton of additional features on top of exchange services. Other services include the NFT marketplace, data analysis, cloud mining, and more.
In terms of being available for users to earn income passively, there are liquid mining services where users can provision their digital assets as liquidity and receive crypto rewards in return. There is also a single-asset liquidity lending service that provides a decent return on any borrowed asset. Parachain Slots Auction also lets users earn a handsome reward for participating.
Gate.io’s meat-and-potatoes experience for passive investors—like PrimeXBT—is more about copy trading tools. copy trading Gate.io is referred to as their Smart Quantitative Trading Solution. The main reason for this is that traders have to stick to a specific type of strategy template in order to provide strict results for users. The end result is a highly confusing system that creates a new copy trading strategy for each copied trader, essentially filling the ecosystem with unqualified duplicates.
eToro
eToro is another highly reputed crypto trading platform and cryptocurrency exchange Which offers a variety of competing products and services that are on par with the rest of the list. eToro spends a substantial budget on its marketing efforts by pairing it with the likes of Alec Baldwin for US-focused TV commercials.
The platform is highly commercialized, which places additional emphasis on the social network aspect of its copy trading offering. The copy trading version on eToro works like the other two platforms, where users can find another user based on performance and then copy their trades. However, with eToro, each user can also use the platform as a soapbox, which means there is a lot of noise to filter through. Many people like to know more about the trader they are putting their money behind, but many times, these traders take advantage of their social skills to grow their audience – not their trading skills.
eToro also highlights other products and services compared to the other products on the list. While there is a crypto service that refers to them as “generous rates”, the lack of clarity about this leniency makes this proposition dubious at best. Looking at rates across the industry, it cannot be denied that return on investment is possible, but to what extent?
Conclusion: PrimeXBT offers the most profit opportunities
In this comparative review, we are not concerned about active trading tools, referral programs, and other areas of interest for users of these platforms. We are solely focused on comparing passive interest generating options available to users.
In this regard, PrimeXBT wins hands down due to the simplicity of the covesting copy trading module in comparison to other platforms. The complex experience of its competitors makes PrimeXBT shine for its ability to design solutions that work for professionals and novices alike. Yield accounts offering up to 14% help push the platform over the edge as the clear winner.
smart quantitative trading seems esoteric and all, and having social media Integrated feeds into the copy trading experience may sound tempting, but these additions only get in the way of profits. With PrimeXBT, all you have to do is focus on the performance of your portfolio – and you can do so from anywhere in the world with a free mobile app for Android and iOS devices.