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Binance Earn

What Is Auto-Invest and How to Use It

Binance
2021-11-23 08:32

What is Auto-Invest?

Auto-Invest allows you to automate crypto investment and earn passive income. It is a dollar-cost averaging (DCA) investment strategy. You can choose the cryptocurrency you want to purchase on a daily, weekly, bi-weekly, or monthly basis. Your purchased crypto will be automatically deposited into your Flexible Savings account, so you can earn passive income with your investments.
Currently, Auto-Invest supports the purchase of BTC, ETH, and BNB. More cryptocurrencies will be added in the future.

How to use Auto-Invest?

1. Log in to your Binance account and click [Finance] - [Binance Earn].
2. Click [Auto-Invest].
3. You will see the available crypto for Auto-Invest subscriptions.
Before subscribing, you can select the timeframe of an asset to check the simulated ROI. You can also click on the chart icon to see the asset’s historical performance.
To create an Auto-Invest plan, click [Create a plan] next to the asset you want to purchase.
4. You will see a pop-up window. Enter the subscription amount and the stablecoin you want to use. Currently, we support USDT and BUSD. Select the recurring cycle from daily, weekly, bi-weekly, or monthly. You can choose a specific day and time for the purchase too.
You can also choose to enable [Use Flexible Savings Balance]. Once enabled, if you do not have sufficient balance in your Spot Wallet, the system will automatically redeem the assets from your Flexible Savings account to complete the purchase.
Check the summary and click [Confirm] to subscribe.
5. You can see your ongoing Auto-Invest plans under [My Auto-Invest Plan].
To manage your Auto-Invest plans, click [Go to Earn Wallet].
To view your Auto-Invest purchase history, click [Go to History].
5.1. Go to [Auto-Invest Plan] to view all your plans.
To pause or resume a plan, toggle the button under [On/Off]. To edit a plan, for example, changing the frequency of the investment, click [Edit]. To stop a plan permanently, click [Remove Plan].
5.2. You can see your purchased crypto from [Auto-Invest History].

Frequently Asked Questions

1. What is Auto-Invest?
Auto-Invest allows you to automate crypto investment and earn passive income. It is a dollar-cost averaging (DCA) investment strategy. You can choose the cryptocurrency you want to purchase on a regular basis. Your purchased crypto will be automatically deposited into your Flexible Savings account, so you can earn passive income with your investments.
2. How does Auto-Invest work?
Step 1 - Choose the crypto you want to buy.
Step 2 - Create a plan by choosing how much you want to buy and select your preferred stablecoin.
Step 3 - Select a recurring cycle on how often you want to buy crypto.
Step 4 - You are all set!
3. What happens to my Auto-Invest purchase when I don’t have sufficient balance in my Spot Wallet?
If you have enabled the [Use Flexible Savings Balance] function, when the balance in your Spot Wallet is insufficient to cover the Auto-Invest plan purchase, the system will automatically redeem the assets from your Flexible Savings plans to complete the purchase.
If you don't enable the function, the purchase will fail. The system will try to make another purchase on the next Auto-Invest date.
4. How many Auto-Invest plans can I subscribe to?
There is no maximum limit to the number of Auto-Invest plans you can subscribe to.
5. How to pause or stop my Auto-Invest plans?
You can go to [Wallet] - [Earn] and click [Auto-Invest Plan] to view your plans.
To pause or resume a plan, toggle the button under [On/Off]. To stop a plan permanently, click [Remove Plan].
6. How to edit my Auto-Invest plans?
You can go to [Wallet] - [Earn] and click [Auto Invest Plan] to view your plans.
To edit a plan, for example, changing the frequency of the investment, click [Edit].
7. How can I redeem the assets purchased with Auto-Invest?
Your purchased crypto will be automatically deposited into your Flexible Savings account to earn passive income. You can redeem your purchased crypto anytime by going to [Wallet] - [Earn]. You will see all the Flexible Savings products you subscribed. Scroll to the concerned asset you want to redeem and click [Redeem].
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