This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Spot is pleased to announce the launch of Spot DCA. This is a new dollar-cost averaging (DCA) strategy on Trading Bots, which allows users to automatically buy or sell a fixed amount of assets at a designated price deviation and desired frequency.Â
Using this feature, users can now set up Spot DCA bots to buy or sell assets at an average price, thereby reducing the impact of market volatility. In addition, Spot DCA bots can help users to automatically take profit at a desired take-profit percentage, allowing users to enjoy a more fuss-free trading process.
How to Set Up a Spot DCA Bot?
Step 1: Log in to your Binance account. Click Trade > Trading Bots > Spot DCA.
Step 2: Select a trading pair. Decide whether you want to buy or sell a selected token, and navigate to the âBuyâ or âSellâ mode accordingly.Â
Step 3: Set up the basic parameters for the Spot DCA bot (i.e., price deviation percentage per order, take-profit percentage, base and DCA order sizes, and the maximum number of DCA orders), before tapping on [Create]. More advanced settings, such as a trigger price or price range, are also available. Refer to the FAQ for more details.Â
Step 4: Check the order details carefully before clicking [Confirm] to set up your Spot DCA bot.
Further Information:
Note: Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-06-19
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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