Introducing Binance Auto Invest, a long-term investment plan based on DCA. Just set up a plan, Binance takes care of everything.
Binance is currently the most popular exchange. And this is no accident. The platform works every day to make cryptocurrency trading easier and more accessible. One of the most striking examples is Binance Auto Invest, a tool that allows you to increase your capital through automated trading. How it works? Is it really interesting?
Overview of the Binance Auto Invest Tool
Binance Auto Invest is a long-term investment in the Binance Earn category. Thus, it is an automated investment method that allows users to earn passive income. There are currently 63 cryptocurrencies available in this investment plan, including classic BTC, ETH, BNB or SOL.
Each plan is customized as needed. When creating a plan, you can influence the cryptocurrency itself – the platform offers a table with the payback potential of each cryptocurrency – the amount of subscription in USDT or BUSD, the frequency of investment – daily, weekly, Semi-annually or once a month, as well as the dates and times of recurring purchases. Once the criteria is selected, Binance Auto Invest goes into auto-pilot mode and generates recurring purchases. You can subscribe to an unlimited number of investment plans. The minimum investment amount per purchase is $1.
Long-term investment plan based on the DCA method
Binance Auto Invest follows what is known as the Dollar Method of Investing (DCA). Today it is the most effective method of long-term investment. The investor capitalizes on an ever larger position through regular purchases, always the same amount on the same asset, regardless of the trend. This method is based on the principle that crypto assets are bullish in the long run. This allows you to reduce the impact of market volatility on invested capital and use periods of decline to reduce the average value of assets in the portfolio.
As effective as it is, the DCA method is difficult to implement because it is based on discipline. You must have the courage to buy even when the trend does not lend itself to it. Binance Auto Invest avoids this heavy psychological impact as its algorithm takes care of everything. Easy to set up, with constant support and very effective. And at any time, the user can pause or reactivate the plan.
Just set up a plan, Binance takes care of everything
Moreover, the purchased cryptocurrencies do not remain in the spot portfolio, the Auto Invest system integrates them into flexible savings and generates additional profit, in some way for a double reward.
In conclusion, Binance Auto Invest is a simple and high quality solution based on a proven investment method. This is a good way to build an interesting crypto portfolio, at least in the long run, on the most popular platform at the moment.