Auto-Invest
The Auto-Invest plan under Binance Earn is similar to SIP (Systematic Investment Plan) products widely used in the equity market. The technique allows the user to automate the purchase of supporting cryptocurrencies so the specified amount is purchased at predetermined intervals. This method is called Dollar Cost Averaging (DCA).
Auto-Invest is remarkably customizable:
It allows investors to curate unique portfolios that resonate with their risk profile.
It offers various payment options spanning several stablecoins and tokens.
The supported assets are automatically invested into the BNB Vault or Simple Earn Flexible Product, as applicable.
If the users run out of the spot funds to pay for the automated purchases, Auto-Invest can also redeem assets from the Simple Earn Flexible Products to pay for the transactions if the users opt in for the feature.
Benefits of Binance Earn Auto-Invest:
Dollar-cost averaging minimizes the impact of market volatility.
It saves time by not having to make recurring purchases every time.
It safeguards investors from making emotional and impulsive decisions in times of volatility.
