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About Auto Investing?
Auto Investing in Binance: A Simple Explanation
Auto Investing on the Binance platform is a convenient tool that allows you to make regular purchases of crypto assets (such as Bitcoin, Ethereum, etc.) without the need for constant manual intervention. You can specify a fixed amount or a percentage of your profits to be automatically invested in the cryptocurrencies of your choice, according to a pre-determined schedule.
Why use Auto Investing?
* Financial Retirement: Build long-term wealth through regular investing.
* Minimize the impact of volatility: Buying cryptocurrencies on a regular basis helps reduce the impact of short-term market fluctuations.
* Benefit from Dollar Cost Averaging (DCA): Buying crypto assets at different prices over a period of time helps reduce the average cost of purchase.
How does Auto Investing work on Binance?
* Subscribe to the plan: Choose the plan that suits you based on the amount you want to invest and the frequency.
* Select assets: Select the cryptocurrencies you want to buy.
* Set schedule: Choose the frequency at which you want purchases to be made (daily, weekly, monthly).
* Start investing: Once you set up the plan, purchases will start automatically according to the settings you have selected.It was a simple rejection.