What Is Auto-Invest and How to Use It
2021-11-23 08:32
Tutorial
Frequently Asked Questions
Tutorial
What is Auto-Invest?
Auto-Invest allows you to automate crypto investments and grow your crypto holdings. It is a dollar-cost averaging (DCA) investment strategy. You can choose the cryptocurrencies you want to purchase on a daily, weekly, bi-weekly, or monthly basis.
Your purchased BNB will be automatically deposited into BNB Vault, and the other crypto purchased will be deposited to your Simple Earn Flexible Products account, so you can earn daily rewards with your deposited digital assets.
How to use Auto-Invest?
1. Log in to your Binance account and click [Earn] - [Auto-Invest].
Alternatively, open the Binance App and tap [More] - [Earn] - [Auto-Invest].
2. You will see the available crypto for Auto-Invest subscriptions.
You can choose to create a Portfolio Auto-Invest Plan to buy multiple cryptocurrencies in one portfolio, or create an Auto-Invest Plan for a single cryptocurrency.
In addition, with the [Auto-Populate] feature, you can easily purchase a curated selection of multiple cryptocurrencies while maintaining complete flexibility to adjust their allocation within your portfolio plan.
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.
3. Before you create an Auto-Invest plan, you can learn more about how Auto-Invest works and the frequently asked questions.
If you’re using the website, scroll down to the bottom of the page for FAQs.
If you’re using the App, tap [Learn More] to access the tutorial and FAQs.
How to create a Portfolio Auto-Invest plan?
App:
Please refer to the video below to see how to create a plan on the App.
Website:
1. Click [Create a plan] next to [Portfolio Auto-Invest].
2. You can select crypto for your Auto-Invest manually, or click [Auto-Populate] for the system to suggest a curated selection of multiple cryptocurrencies.
2.1 Manual selection
Click [+ Add Coins] to select crypto for your Auto-Invest plan. You need to select at least 2 coins to start. For example, BNB and BTC. Click [Confirm].
2.2 Auto-Populate
Click [Auto-Populate] and select a pre-set selection. For example, [Top 5 Market Cap].
3. Enter the portfolio allocation for each coin. The minimum allocation percentage is 10% and the total should not exceed 100%.
4. Enter the subscription amount and the stablecoin you want to use. Currently, we support USDT and BUSD. Then, select the recurring cycle from daily, weekly, bi-weekly, or monthly. You can choose a specific day and time for the purchase too.
5. You can also choose to enable [Use Simple Earn Flexible Balance]. Once enabled, if your Spot Wallet balance is insufficient, the system will automatically redeem the assets from your Simple Earn Flexible Products account to complete the purchase.
6. Check the summary and click [Confirm] to subscribe.
How to create an Auto-Invest plan?
App:
Please refer to the video below to see how to create a plan on the App.
Website:
1. Click [Create a plan] next to the coin you want to auto-invest.
2. 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.
3. You can also choose to enable [Use Simple Earn Flexible Balance]. Once enabled, if you do not have sufficient balance in your Spot Wallet, the system will automatically redeem the assets from your Simple Earn Flexible Products account to complete the purchase.
4. Check the summary and click [Confirm] to subscribe.
4. You can see your ongoing Auto-Invest plans, Portfolio Value, and Profit & Loss under [My Auto-Invest Plan] from the Auto-Invest homepage.
To manage your Auto-Invest plans, click [Plan Overview].
To view your Auto-Invest purchase history, click [Go to History].
5. Go to [Auto-Invest] 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].
6. You can see your purchased crypto from [Auto-Invest History].
1. What is Auto-Invest?
Auto-Invest allows you to automate crypto investments and grow your crypto holdings. It is a dollar-cost averaging (DCA) investment strategy. You can choose the cryptocurrencies you want to purchase on a regular basis.
You can choose to create a [Portfolio Auto-Invest Plan] to buy multiple cryptocurrencies in one portfolio, or create an [Auto-Invest Plan] for a single cryptocurrency.
Your purchased BNB will be automatically deposited into BNB Vault, and the other crypto purchased will be deposited to your Simple Earn Flexible Products account, so you can grow your crypto holdings.
2. How does Auto-Invest work?
Step 1 - Choose the crypto you want to buy.
Step 2 - Create a plan to buy multiple or single cryptocurrencies. Choose how much you want to buy and select your preferred stablecoin for payment.
Step 3 - Select a recurring cycle on how often you want to buy crypto.
Step 4 - You are all set!
3. Where are my assets purchased with Auto-Invest?
Your purchased BNB will be automatically deposited into the BNB Vault, and the other crypto purchased will be deposited to your Simple Earn Products Savings 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.
4. How to pause or stop my Auto-Invest plans?
On the Auto-Invest page, click [Go to Earn Wallet] - [Auto-Invest] to view your plans. To pause or resume a plan, toggle the button next to [On/Off]. To stop a plan permanently, click [⋮] next to the desired plan and choose [Remove Plan].
5. What happens to my Auto-Invest purchase when I don’t have sufficient balance in my Spot Wallet?
If you have enabled the [Use Simple Earn Flexible Balance] function and the balance in your Spot Wallet is insufficient to cover the Auto-Invest plan purchase, the system will automatically redeem the assets from your Simple Earn Flexible Products account 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.
6. 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.
7. How to edit my Auto-Invest plans?
You can edit a plan, for example, change the amount or frequency of the investment, from [Auto-Invest].
You will see all your current plans at the top of the page. Click the [Edit] icon to edit your plans.
8. At what price will the transactions of my Auto-Invest plans be executed?
The price at which Auto-Invest transactions are executed will be determined by the Binance Liquidity Pools at the point of transaction. Liquidity Pool prices are generally close to Spot Market prices, but may not be the same. You should consider whether this is important to you before subscribing.