What is Auto-invest in Binance?
Discover Auto-invest in Binance
Auto-invest in Binance is a new feature designed to automate crypto investments using dollar-cost averaging (DCA). Users can set the desired coin or coins they would like to acquire, then schedule their purchases either daily, weekly, bi-weekly, monthly, or quarterly based on your schedule. Doing it this way allows investors to make disciplined trades without feeling emotional impulses such as fear, doubt, greed or hope–resulting in more profitable and sustainable long-term trades.
Auto-invest in Binance feature stands out from the competition by being free and easy to use, while providing consistency and discipline during investing – something many crypto traders find hard to do on their own given how volatile and dynamic cryptocurrency markets can be. This feature can be especially beneficial to traders newer to trading.
Better Way to Earn: Auto-invest in Binance
The Auto-invest in Binance feature has undergone an update that makes it even more convenient and responsive, enabling token purchases in much shorter time than before. Furthermore, this upgrade improves response to new token listings, so that dollar cost averaging can begin sooner following their listing.
To use the Auto-invest in Binance, navigate to your Earn tab and select “Auto-Invest”. Create your plan by choosing which coins you would like to invest in, the number of times each month you would like them invested, the date when your plan will begin and whether your auto-invest will purchase coins from Simple Earn Flexible Products, BNB Vault or both – once done confirm it and your coins will automatically deposit into Earn Wallet!
Guide to Auto-invest in Binance
As part of using the Auto-invest in Binance, users should keep in mind that recurring purchases will be subject to regular rebalancing; some of your cryptocurrency may need to be sold off in order to meet your rebalanced purchase amount. You will be able to see when this takes place on your Auto-Invest History page; new one-time purchases during this period will be temporarily suspended and reinstated once rebalancing has taken place.
Note that when purchasing digital assets through Auto-invest in Binance, their prices won’t mirror those found on Binance’s spot, convert, or liquidity pool markets. This is due to preprogrammed automated strategies removing emotional influences such as fear, doubt, hope and greed when making purchase amounts. For more information please see the Auto-invest in Binance; and for details regarding Auto-Invest Index-Linked Plans please contact Binance.
Your purchased BNB will be automatically deposited into the BNB Vault, and the other crypto purchased will be deposited to your Simple Earn Flexible Products account. You can redeem your crypto anytime from [Wallet] – [Earn]. Scroll to the asset you want to redeem and click [Redeem]. The rewards you earn will be in accordance with the Simple Earn Terms of Service.
In some jurisdictions and circumstances, these digital assets will be transferred to your Spot Wallet and will not earn Simple Earn rewards. These include but are not limited to:
When the Simple Earn Flexible Products quota is sold out.
When Simple Earn Flexible Products are not available in your region.
When the crypto is offered on Auto-Invest and not Simple Earn Flexible Products.
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