Binance Auto-Invest is a feature that allows users to create regular investment plans in cryptocurrencies. This system is based on a technique known as the distributed cost averaging (DCA) strategy, which means buying fixed amounts of assets at different times regardless of the price, reducing the impact of market fluctuations on the purchase price.
Here are some of the key features and benefits of Binance Auto Invest:
1. Regular investment: You can set a fixed amount and time period (daily, weekly, or monthly) to automatically invest in the currency or cryptocurrencies of your choice.
2. Flexibility: You can choose the assets you want to invest in such as Bitcoin, Ethereum, or other available cryptocurrencies.
3. Average cost distribution: This method helps reduce the impact of price fluctuations, as assets are purchased at different times and prices.
4. Easy Control: You can easily set or stop automatic investment plans at any time without additional fees.
How to Set Up Auto-Investing on Binance:
1. Log in to your account: Log in to your Binance account.
2. Select “Auto-Invest”: From the “Earn” or “Earn” section, select “Auto-Invest”.
3. Select the assets: Choose the cryptocurrency you want to invest in.
4. Specify the investment amount and time period: Choose the amount you want to invest and the period (daily, weekly, etc.).
5. Start the plan: Make sure the plan is set up and start automatic investing.
This type of investment is suitable for people who want to build a long-term investment portfolio without the need to constantly monitor prices.
