Auto-investing on the Binance platform is a service that allows you to invest your money regularly in the cryptocurrencies of your choice, without the need to do it manually each time. Here’s a detailed explanation from several aspects:
### 1. What is Auto-Invest?
Auto-Invest is a tool that helps you buy cryptocurrencies periodically (daily, weekly, monthly) for a fixed amount that you determine. The amount is automatically deducted from your wallet balance, and the selected cryptocurrency is automatically purchased according to the schedule you set.
### 2. Key Benefits
- **Ease of Use:** You do not need to constantly monitor the market or execute purchases manually.
- **Dollar Cost Averaging (DCA) Strategy:** By regularly buying fixed amounts, you reduce the impact of price fluctuations on your investment.
- **Investment Diversification:** You can choose more than one cryptocurrency to invest in automatically.
### 3. How to Get Started
- Choose the cryptocurrency you want to invest in automatically (such as BTC or ETH).
- Specify the amount you want to invest in each period.
- Choose the schedule (daily, weekly, monthly).
- Ensure you have sufficient balance in your wallet.
- Activate the auto-invest plan, and purchases will be executed automatically according to the settings.
