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Ogulnar Annamuhammedova photo
Turkmenistan
2 Level
54 Review
410 Karma

Review on Covesting by Ogulnar Annamuhammedova

Revainrating 4 out of 5

My review on the COVESTING crypto exchange

COVESTING - offers an infrastructure that includes a licensed cryptocurrency exchange, a platform for copying trades and the possibility of transfers in fiat, fully complying with the strict requirements of European regulators.



The products and services are intended for both novice investors and professional traders.



COVESTING is incorporated in Gibraltar.



Peculiarities



Let's start the comparison:



COVESTING its exchange development capabilities are promising in competition even with such monsters as Binance.



More details:



Copy trade



Allows novice traders to use the trading strategies of other experienced traders on the platform. This not only allows novice traders to improve their trading skills, but it is also a great way to improve their profits. This feature is also beneficial for experienced investors. By allowing others to follow their trading strategies with these copy trading characteristics, advanced traders can easily earn extra income.



Aggregation of liquidity



Users are provided with access to a wide range of digital assets and super-high liquidity of order books. This aggregation of liquidity means that platform pricing will be in direct proportion to the platform of the leading platforms, that exchange rates will be optimal, that trades are almost instantaneous and that users have access to a wide range of digital assets.



Regulations



He is a member of the Enterprise Ethereum Alliance (EEA), the world's largest openchchain open source initiative, and a proud member of the Crypto Valley Association. The platform has already received licenses in Estonia and received the Gibraltar DLT license. This regulatory compliance is compelling evidence of Covesting's high standards in managing risk and protecting clients' assets.



Safety



Covesting employs stringent security standards such as two-factor authentication, cold storage, multi-cluster system architecture, full data encryption, and DDoS protection.



Support service



The service itself is an advanced and intuitive trading platform. As you would expect, the team behind the platform takes customer support seriously. The platform provides 24/7 multilingual support and a personal account for most of its traders.



KYC (Know Your Customer)



Covesting has a KYC (Know Your Customer) procedure to ensure that funds are not used for money laundering or other types of illegal financing.



Crypto Intelligence Portal



A unique center for educational and information resources.



The platform provides its members with the ability to buy, sell and store digital assets. Members can easily invest, buy various cryptocurrencies and store them securely.



The exchange boasts easy-to-use real-time tracking of market data, advanced charting tools, and various real-time reporting features that give everyone a clear view of their portfolio.



Pros
  • Covesting received one of the first DLT licenses in Gibraltar and has already secured three licenses in Estonia. So this is one of the most promising cryptocurrency exchanges.
  • Covesting is backed by an aspiring team led by Dmitry Pruglo and Tim Voronin. Both of these leaders have extensive experience in asset trading, which explains the platform's unique approach to trading.
Cons
  • Nothing