BinanceTrade

#Binance #RecurringBuy #BinanceTrade
fully automated process — you can enjoy the convenience, speed, and easy access to other services within the Binance ecosystem. Below are four more reasons why you should use Recurring Buy.  

1. Steady Portfolio Growth via a Long-Term Investment Strategy

The strategy behind Recurring Buy is dollar-cost averaging (DCA), where you invest money gradually at regular intervals rather than all at once. Regardless of the market situation, the DCA strategy allows you to stay in the market and help smooth out the price swings that can sometimes occur. Through consistent investments at periodic intervals, Recurring Buy enables you to gradually grow your crypto wealth over time and avoid the impact of a volatile market as a long-term investment strategy. 

2. Convenient, Flexible, Beginner-Friendly

No more hassle of manual recurring purchases with this automated function. Automating crypto purchases to save time and simplify investing is ideal for beginners. You can also choose between daily, weekly, bi-weekly or even monthly purchases and what kind of cryptocurrencies you want to buy beforehand. Recurring Buy supports more than 45 local currencies. In addition, Binance will add support for new and popular assets on Recurring Buy. 

3. Easy Access to the Binance Ecosystem

The first step to expanding your crypto portfolio is getting your stash of crypto ready, and you can do so via Recurring Buy. Afterward, maximize gains for your recurring crypto purchases via other Binance products such as Earn products, yield farming, trading, Launchpool or even purchasing your first NFT.

4. Elevate Your Personal Investment Experience

Not familiar with investment strategies? Here is an easier one. By automating investments, you can better plan your finances and allocate funds systematically towards your investment goals. Recurring Buy’s structured approach can lead to more effective financial management and goal achievement, enhancing your financial planning and elevating your personal investment experience.

Step-by-Step Guide to Set Up Recurring Buy on Binance

Step 1: Choose Your Crypto & Enable Recurring Buy 

Log in to your Binance account, tap on the [Trade] option on the app homepage, and then tap [Buy]. Tap [Buy Crypto] to view the dropdown menu and select [Recurring Buy].

Next, choose the crypto you would like to purchase and enable the Recurring Buy feature on the same page. 

For web users, simply tap on [Buy Crypto] on the top header of the homepage, and choose [Recurring Buy].

Step 2: Select your preferred local currency 

Choose from over 45 currencies supported on Recurring Buy.

Step 3: Set up the frequency

Tap on the date on the same page, and choose between daily, weekly, bi-weekly, or monthly intervals. You can also select the day and time for your Recurring Buy. 

Step 4: Select your payment methods

We currently accept Visa or Mastercard credit/debit cards. You can choose to use one of your existing cards or add a new card.  

Note: You can only save up to 5 cards. If you want to add any cards on top of that, you will need to remove your existing cards first. In the event that the card is used for recurring buy, you will need to cancel your recurring buy plans to proceed.

Step 5: Confirm your order details

Check and confirm your order details in one minute, as after one minute, the price and the amount of crypto you will get will be recalculated. Tap [Refresh] to see the latest market price. After you confirm your order details, you are all set. You can visit your order history to check the status of your recurring buy plan.

For a more detailed guide, check out our article on How to Use Recurring Buy.