The Auto-Invest feature belongs to Binance Earn, which allows us to average the dollar cost of cryptocurrency purchases and is great because it reduces the risk we expose ourselves to by untimely entering the market. This tool allows each user to set up automatic purchases of specific assets as a single token plan or a bundle as a wallet plan.
Know Dollar-Cost Averaging (DCA):
Dollar-Cost Averaging (DCA) is an investment strategy that can help us reduce the effects of volatility experienced when buying digital assets. And it consists in the fact that instead of buying cryptocurrencies all at once, you distribute your purchases in regular intervals. This tool is very particular, as it is useful for buying cryptoassets that are generally volatile.
Using DCA to invest decreases price fluctuations when we are going to enter the market. It is very important to be clear that its use only reduces the risk of entering at a relatively low price allowing to buy at an average price during the prolonged time.
With Auto-invest you have many advantages, but among them are the following:
✅It fully automates the DCA process. You can choose the exact currencies you want to buy, how often and when. Auto-Invest will take care of the rest.
✅Automatically allows you to earn additional APR without the need to manually transfer your funds. You can withdraw your Flexible Savings funds at any time you wish.
Tell me in the comments Have you used it yet and what has been your experience?
Written by: Luzzu.
