Frequently Asked Questions on Binance Convert “Recurring”

1. What is Binance Convert “Recurring”?

Binance Convert “Recurring” allows you to automate crypto investments and grow your crypto holdings with Zero Fees.

It is a dollar-cost averaging (DCA) investment strategy, which involves investing a fixed amount of assets at regular intervals. You can choose the cryptocurrencies you want to purchase on an hourly, daily, weekly, bi-weekly, or monthly basis.

Recurring prices are different from market prices on Binance Spot. All recurring transactions are conducted in accordance with the Convert Terms of Use.

The price of the cryptos purchased will be recorded under [Orders] - [Convert History] - [Recurring History].

2. How to view my ongoing Recurring plans and purchase history?

You can view your ongoing Recurring plan(s) from the Recurring homepage.

You can view your transaction history under [Orders] - [Convert History] - [Recurring History].

3. How to pause/cancel a recurring plan?

You can pause or cancel the recurring plan at the homepage. Please take note that the Recurring plan will be ongoing till the plan has been cancelled by you, or there is insufficient “From” token assets in your wallet.

4. What happens to my Recurring purchase when I don’t have sufficient balance in my Spot Wallet?

If your selected Wallet balance is insufficient to cover the Recurring plan purchase, the purchase will fail. The system will continue to try to make another purchase on the next Recurring cycle, if the execution fails continuously for a 6-month tenure, the recurring plan will be cancelled.

5. How many Recurring plans can I subscribe to?

You can only subscribe to a maximum of 20 Recurring plans. This limit includes all ongoing and paused plans under [Recurring Plan].

6. When will the recurring transaction be executed?

The initial trade of your plan execution depends on the scheduled time of the plan. For 1/4/8/12 hourly plans, the initial trade occurs 1 hour after the plan creation time. For daily, weekly, bi-weekly and monthly plans, the initial execution time depends on the scheduled date and time.

The exact execution minute of the plan will be the same as the plan creation time’s minute. Please refer to the examples below.

Note: A ‘full month’ refers to the execution that will happen on the last day of the month, regardless if the month falls on the 29th, 30th or 31st.

7. Why is the ‘minutes’ displayed in Recurring Plan Details different from the one that I have under frequency?

The minutes displayed under 'Plan Start Date' and 'Next Trade Date' indicate the approximate time at which the trade is executed and it follows the timing when users created the plan. For detailed examples on transaction execution, please refer to Question 6.