How to earn passive gains with Binance auto invest

 

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What is binance?

Binance is a global company that offers a platform with  many products and services related with crypto currency, this company offers services like crypto currency exchanges, it allows users to buy and sell crypto currencies such as bitcoin, ethereum and more very easily and efficiently.

 Binance also offers many many other products alongside crypto exchange such as, Binance earn where users are able to earn interest on their crypto holdings through staking, savings, and other options.

Today we shall look at binance's auto invest and how you can make some money through this platform without much hustle by letting your money work for you.

What is auto invest?

auto invest page

As the service name suggests, binance auto earn is a service where you invest in a token and realise some interest over time if the value of this token appreciates over time. Auto invest allows you to automate crypto investments and increase your crypto holdings. It is often refferred to as DCA strategy which is short form for dollar-cost- averaging strategy.

Dollar cost averaging (DCA) is a way to invest your money gradually over time instead of putting it all in at once. It's like sprinkling water on your plants instead of dumping a whole bucket ,it's gentler and more consistent.

You choose the cryptocurrencies you want to purchase on the daily , weekly, bi weekly or even monthly. Your purchased BNB will be automatically deposited into a vault and the other crypto purchased will be deposited to your simple earn flexible products account where you can redeem them at any time.

Currently Binance auto invest supports 200+ crypto assets and more are being added with time, auto invest also supports 50+ payment gateways, so it's very difficult to miss one payment that will be suitable for you.

How to do binance auto invest

1. Access Auto Invest:

• Log in to your Binance account.
• Go to the "Earn" section and select "Auto Invest."

2. Choose your investment:

• Select the cryptocurrency you want to buy (e.g., Bitcoin, Ethereum). You can also choose a "Multi-Asset" plan to invest in a basket of cryptos.

3. Set your investment amount:

• Decide how much you want to invest per purchase. You can use stablecoins, fiat currencies, or other supported cryptos.

4. Select your payment order:

• Choose how your funds will be used for purchases. You can use available funds in your Spot Wallet or redeem assets from the Simple Earn Flexible Products if enabled.

5. Set your purchase schedule:

• Decide if you want a one-time purchase or a recurring plan. For recurring plans, choose the frequency (daily, weekly, monthly) and specific time for purchases.

6. Review and confirm:

• Review all the details of your plan carefully.
• Tick the confirmation boxes and click "Confirm" to create your plan.

Hope this article was helpful to you. Remember crypto and CFDs are volatile and you can lose all your iniatial investment. This article is a guide and not financial advise be sure to Invest what you afford to lose.