For a limited period, Binance has decided to waive trading fees on Auto-Invest, its cryptocurrency DCA tool. Let’s go over the details and how this service works.
https://cryptoast.fr/feed/
https://cryptoast.fr/dca-cryptomoines-auto-invest-binance-supprime-frais-18-juin/
Binance Temporarily Waives Auto-Invest Fees
Auto-Invest, the product of the Binance cryptocurrency exchange, will operate without trading fees until June 18.
The service allows implement dollar cost averaging strategies (DCA) on many cryptocurrencies that can be purchased from several currencies:
“With over 210 cryptocurrencies available on Auto-Invest, as well as over 15 fiat currencies and stablecoins supported for purchases […]Binance is pleased to launch a new promotion at no cost to all users […]. »
For a brief reminder, the DCA consists in investing a fixed sum at regular intervals, so as to smooth the cost of acquisition to mitigate volatility.
👉 Also in the news — Discover our tutorial to create a Binance account
Discover Binance
10% off your fees with code SVULQ98B 🔥
🎧 Listen to this article and all other crypto news on Spotify
Use Auto-Invest
The concept of Auto-Invest is simple and allows you to shape the strategies as you wish. First, go to the appropriate menu:
Figure 1 — Accessing the Binance Auto-Invest Menu
Then it will be possible to create a custom plan or select one of the preconfigured strategies. Among these, there are a multitude of plans such as “The Big 3” containing BTC, ETH and BNB or a top 10 with the largest capitalizations.
For the example below, we have set up a strategy of buying $5 each day at 8 a.m. on 60% BTC and 40% ETH:
Figure 2 — Creating a strategy on Auto-Invest
Of course, each user will be free to set up the allocation of their choice, for the amount and at the desired frequency. Speaking of frequencies, the classic monthly, weekly, and daily recurrences are available, but other intervals can be selected such as bi-weekly, hourly, or every 4, 8, or 12 hours.
Every investor can create multiple plans according to its own strategy, as long as its account is funded to make purchases. Moreover, these strategies can be paused at any time or even deleted.
👉 Also in the news — Digital Currency Group (DCG) has failed to settle its $630 million debt to Genesis – What risk for the crypto market?
Our service dedicated to cryptocurrency investors. Get real-time analytics and optimize your crypto portfolio.
Source: Binance
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
672 items
