Binance's Auto-Invest feature allows users to automate their cryptocurrency investments using a dollar-cost averaging (DCA) strategy. Here are the key details:
1. Minimum Investment: The minimum subscription amount has been reduced to 1 BUSD or USDT, making it accessible for more users..
2. Investment Options:
- Single Asset Plan: Users can select individual cryptocurrencies to invest in regularly.
- Portfolio Plan: Users can create a diversified portfolio by choosing multiple cryptocurrencies. They can allocate a minimum of 10% to each asset and adjust the allocation as needed.
- Auto-Populate: For a curated selection, users can use the Auto-Populate feature to have the system suggest a selection of multiple cryptocurrencies.
3. Recurring Investments: Users can set up investments on a daily, weekly, bi-weekly, or monthly basis. Specific days and times for purchases can be selected. Here’s What You Can Expect With Our New Look.
4. Auto-Invest Index-Linked Plan: This plan allows users to invest in the top 10 cryptocurrencies by market capitalization, with automatic monthly rebalancing to maintain equal weight for each asset. This approach aims to optimize returns and reduce risk by adjusting to market changes.
5. Portfolio Management: Users can view their ongoing Auto-Invest plans, portfolio value, and profit & loss from the Auto-Invest homepage. They can manage, pause, or edit their plans easily.
6. Redemption: Purchased assets are deposited into the BNB Vault (for BNB) or the Simple Earn Flexible Products account (for other cryptocurrencies). Users can redeem their assets anytime from the Earn Wallet.