Investing in cryptocurrencies requires studying price charts and spotting the right opportunities, which can sometimes be stressful depending on your strategy and what you want to achieve. But with Binance auto-invest, you won't have to pause your ongoing tasks to execute trades: the system will do it for you, making your investing process less demanding.So, what is Binance Auto-Invest, how does it work, and why should you use it over manual investing?What Is Binance Auto-Invest?With Binance auto-invest, you can automatically invest in cryptocurrencies regularly without being actively involved. The solution helps you put your idle assets to work by purchasing crypto through a dollar-cost averaging strategy without having to monitor the trades.A dollar-cost averaging strategy is a long-term trading strategy that allows you to invest a fixed amount of money at specific intervals, which can be weekly, monthly, or as you deem fit.How Does Binance Auto-Invest Work?To carry out auto-invest on Binance, you have to carry out the following steps:1. Log in to Binance.com.2. On the home page, click Earn. Then you will see a list of options, which includes Auto-invest. After clicking on it, you can start to create your investment plan.You can have a single auto-invest plan and a portfolio auto-invest plan. The single plan allows you to auto-invest in one crypto at a time, while the portfolio plan allows you to auto-invest in multiple cryptos simultaneously.3. For the single crypto plan, you have to click on the auto-invest option in front of the cryptocurrency you want to auto-invest in, after which you can start to create your auto-invest plan.4. After clicking on the cryptocurrency you want to auto-invest in, you will see a page where you must fill in your auto-invest strategy. In creating your plan, you have to do the following.Choose between USDT or BUSD as the currency to fund the process. You also can accept the use flexible savings balance option. Allowing that makes the system take some money from your flexible savings account for the auto-invest strategy when the amount needed to trigger the automated strategy isn't enough.Determine the amount you want to invest per time.Choose the recurring cycle for investment, which can be hourly, four-hourly, eight-hourly, 12-hourly, daily, weekly, biweekly, or monthly.After this, you will be able to see the plan's summary. The summary contains the information you have filled in, including the time you are setting, the amount invested per period, and when the auto-invest will start. After you have done this, you can confirm your choices and start auto-investing.Portfolio Auto-InvestTo use the portfolio auto-invest, you won't have to click on a specific cryptocurrency to create your strategy. Instead, use the portfolio auto-invest option at the top. You can choose up to 10 cryptocurrencies from the many available options.The next thing will be to assign different percentages to the cryptocurrencies; the total percentage must add up to 100%. You can then go on to choose the amount and duration of investment, just like you did for the single cryptocurrency plan.If you choose 100 USDT, for example, the specified percentage you have selected will be a percentage of the 100 USDT. So, if you assign 15% to BTC, that will be 15% of 100 USDT, or 15 USDT, that will be set to BTC.3 Reasons You May Prefer the Binance Auto-Invest to Manual ExecutionBelow are some advantages of using Binance auto-invest over manual trade execution.1. Trade Without Emotional InvolvementSince automated strategies allow you to preprogram your investments, they remove the influence of emotions and trading psychologies such as fear, doubt, greed, and hope. With this, you expect that your trades are based on pre-planned strategies, and you can maintain discipline while investing.2. Investment ConsistencyBinance Auto-Invest helps you be consistent with your trading decisions and frequency. You can constantly invest without the stress of frequently setting up trades. You are also able to follow a consistent investment strategy devoid of mistakes.3. Automating Your Trades Saves TimeOnce you have automated your trade and the recurring frequency, you won't have to log in to execute trades again. The system takes over the whole process, and you can spend time on other activities.A Convenient Way for Long-Term Crypto InvestmentWith Binance auto-invest, you have a convenient way to invest in crypto. By following the guidelines we have given, you will be able to quickly set up your auto-invest plan and invest in many digital assets. Automating your investment decisions and being able to invest in the right cryptocurrency can help you achieve a lot in the world of digital assets.#Binance #dyor