Covesting Strategy Following allows you to Follow desired Strategies with your own capital and profit passively from the successful trading activity of Strategy managers.
(For tips on choosing strategy see our guide 'Choosing a Strategy that best suits you. Essential tips.')
To Follow a Strategy, go to the Covesting Strategy Rating page. Here you will find a list of all active Strategies and their core statistics:
Click on a Strategy to bring up that Strategy's performance and Following page, then click 'Follow':
2. Select the initial following amount, and make sure to review the Following's details. Enable any desired utility (optional) if you wish. Click 'Follow' to start the Following:
Followers can Follow numerous Strategies simultaneously and can also have multiple active Followings in any Strategy.
When Following Strategies, it is important to take into account that a 1% entry fee is incurred whenever a Following is started. Activating Utility via COV token staking allows followers to get a 100% discount on entry fees, as well increasing profit share in their favor. To enable utility click on any of the 'Reduce fee' options (as outlined in the screenshot above).
All active Followings and Following history are reflected in your 'Portfolio':
To start another Following for the same Strategy or a different Strategy, simply select the desired Strategy and repeat the steps above.
To learn how to manage your Followings, see our 'Managing your Portfolio' guide.
Conversion of currencies between Wallets is not supported currently. If you wish to top up the BTC, ETH, USDT(erc20), or USDC(erc20) wallets, please deposit the required currency directly to the corresponding wallet.
Any deposited currency can only be used for Strategies, Followings, Margin trading accounts and Turbo accounts denominated in the SAME currency.
For example, deposited BTC can be used to Follow a Strategy denominated in BTC, however it cannot be exchanged for ETH, or allocated towards Strategies/Followings/Turbo/Margin trading accounts denominated in ETH.