>How can you auto-invest in any crypto using Binance.
Harsh and me sat down last week to discuss our long-term strategy for crypto investments. We discussed many ideas. During this conversation, however, we discovered an interesting question: “What is the most important trait of an ideal investor?”
To reach a consensus about one skill took us a long time. It was called Discipline. The simple, old-fashioned Discipline is a powerful tool in investing and making money.
We began to look into tools, products and services that could help us build discipline in our Crypto Investment process. The first strategy that came to mind was Dollar Cost Averaging, also known as Systematic Investment Plan or SIP.
Dollar-Cost Averaging is a method of dividing your investment into a series of smaller purchases. If you wanted to purchase Bitcoin worth $10,000, it would not be possible to do so in one transaction. Instead, 10 transactions of $1,000 each would be made over 10 weeks. This reduces volatility’s impact on your overall purchase price.
To execute this strategy you will need to place multiple orders at specific dates. This could prove to be difficult or impossible. Binance Auto Invest plan is an incredible tool that does this.
Check out these Best Crypto DCA Bots
What is Binance’s Auto-Invest Plan?
Binance, the top-ranked crypto exchange in the world, is now 2022. They offer advanced features for retail users, like me and you, that were previously only available to institutional users. You can read CoinSutra’s previous review of Binance.
For a free guide to getting started with Binance, you can also view the video below:
Move on to Binance’s auto-investment program feature.
Binance Auto-Invest plan allows you to automate crypto investments. It is free and available to everyone. This will help you bring discipline back to your crypto investment game.
You can choose from a variety of tokens to purchase. You can also choose the exact time, frequency, or amount of your investments.
Your crypto assets purchased will be deposited into your Flexible Savings account, where you would also earn passive income as interest.
Let’s now summarize the benefits of the Binance Auto Invest Plan.
Benefits of the Binance Auto Invest Plan
These are the benefits of Binance Auto Invest instead of manual buy order:
Binance Auto Invest Plan will bring a great deal of discipline to your crypto investments process.
A periodic investment will protect you from price volatility, and lower your overall investment cost.
Avoid bad timing
You may recall the first time you bought a crypto token. It started following immediately. It didn’t happen once, but it happened many times.
The Auto Invest Plan is a way to save money in case prices fall.
Manage emotional investing
Autopilot also has the added benefit of keeping your emotions out of your investment process.
Binance Auto Invest Plan assets would automatically be deposited into your Flexible Savings Wallet. You would then receive interest income. This will generate passive income in addition to your investment.
Once you have decided to use Binance Auto Invest Plan you will need to follow these steps.
Tutorial: How to Use Binance Auto Invest Plan
Step 1 – Once Binance is open, click on “Earn” Click on “Earn”, then click on the “Auto-Invest” button.
This will take to you to Binance Auto-Invest.
Step 2 – Once on the Binance autoinvest page. Choose the token that you wish to invest from the list.
Step 3 – Continue the steps below
Type the name of the token that you wish to invest in into the search bar. Let’s assume you want to invest MANA (Decentraland), tokens. Select the duration of your investment plan. 3 Years, 1 Year, 6 Months, 3 Months, etc.Click on “Create Plan
Step 4: Click on “Create a Plan” to open a new window. Follow these steps
Enter the transaction amount. In this example, we used 10 USDT. Select Recurring Cycle. Select the transaction type (Daily or Weekly, Bi-weekly or Monthly). Click on “Confirm” to agree to the Binance Auto Invest Agreement
After clicking Confirm, you are done.
Step 5 – An Additional Step
On the same screen, you can view your active Auto Invest Plans.
Conclusion – Binance Auto Investment Plan
This is how Binance Auto Invest Plan works. It will help you bring discipline to your crypto investments. You will also be able earn passive income from your assets by setting up a savings plan.
There are a few DCA bots (Dollar Cost Averaging), that you can also use to do this. Binance has the most user-friendly interface, so even a complete novice can use it and reap its benefits.
I hope you found this article helpful. If you have any questions about the process, please let me know. Please subscribe to our newsletter if you haven’t already. You will also receive a free Crypto Trading Ebook as part of your starter package.
I will get back to your soon. Keep calm!
Are there any automatic Binance buys?
Yes, you can. Binance Auto Invest Plan can be used to automate your purchase orders.
What are the Auto Invest Plans I can subscribe to?
There are no limits to how many Auto Invest Plans you may subscribe to.
How do you do DCA in Binance?
Binance Auto Invest Plan can be used to spread your total investment over a number orders.
Is there automated trading at Binance?
You can use either the Binance Auto Invest Plan option or the Recurring buy option. Binance Auto Invest allows you to invest in stablecoins like USDT and BUSD. Fiat Money is used to make recurring purchases