Invest Without Lifting a Finger: Binance Auto Invest
43sHigh appeal for passive income seekers, clearly explaining how to automate crypto purchases.
▶ Play ClipAI Summary
This video provides a comprehensive tutorial on using Binance's Auto Invest feature, which automates cryptocurrency purchases using the Dollar Cost Averaging (DCA) strategy. The presenter explains how to set up automatic investment plans for both single and multiple currencies, covering key settings like amount, frequency, and payment currency, and demonstrates the process step-by-step.
Chapters
[00:02]
Introduction to Auto Invest
Binance's Auto Invest feature allows automatic cryptocurrency purchases without manual intervention after initial setup. It uses the Dollar Cost Averaging (DCA) strategy.
[00:16]
DCA Strategy Explained
DCA is explained with an example: buying an asset at $2 and later at $1 results in an average cost of $1.50. This strategy is used by the Auto Invest bot.
[00:55]
How to Access Auto Invest
After registering on Binance, open the app, go to the homepage, click on 'Earnings' and select 'Automatic Investment'.
[01:21]
Understanding the Investment Page
The page shows three columns: available cryptocurrencies, ROI over the last five years, and current spot price. Clicking on a percentage shows ROI for different periods.
[02:14]
Setting Up Single Currency Plan
To invest in a single currency, select the currency (e.g., Bitcoin), specify the amount, choose payment currency (e.g., USDT), set frequency (daily, weekly, monthly, hourly), and confirm.
[03:08]
Depositing to Simple Earnings
Purchased Bitcoin can be deposited into the Simple Earnings feature to grow profits. A separate video explains this feature in detail.
[03:34]
Managing Investment Plans
Plans can be viewed, modified, paused, or canceled from 'My Plan' on the main Auto Investment page. Deposited funds appear in the wallet under 'Profits'.
[03:46]
Creating Multi-Currency Plan
For multiple currencies, go to 'Investment Portfolio', create a plan, add currencies (e.g., Bitcoin, Ethereum, BNP Paribas), set total amount, frequency, and allocate percentages per currency.
[04:41]
Confirmation and Conclusion
After agreeing to terms and confirming, the plan is activated. The video concludes with a call to like and subscribe.
Binance's Auto Invest simplifies cryptocurrency investing by automating purchases through DCA, allowing users to invest without constant market monitoring. The feature supports both single and multi-currency plans, making it a versatile tool for both beginners and experienced investors.
Mentioned in this Video
Tutorial Checklist
Study Flashcards (7)
What is the DCA strategy?
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What is the DCA strategy?
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Dollar Cost Average: buying an asset at different prices to average the cost, e.g., buying at $2 and $1 gives an average of $1.50.
00:16
How do you access Auto Invest on Binance?
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How do you access Auto Invest on Binance?
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Open the Binance app, go to 'Earnings' and select 'Automatic Investment'.
01:07
What are the three columns on the Auto Invest page?
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What are the three columns on the Auto Invest page?
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Available cryptocurrencies, ROI over the last five years, and current spot price.
01:21
What is the ROI shown on the Auto Invest page?
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What is the ROI shown on the Auto Invest page?
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It's the profit someone else made over the last five, three, or one year, not a future profit.
01:34
How do you set up a single currency Auto Invest plan?
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How do you set up a single currency Auto Invest plan?
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Select the currency, set amount, choose payment currency, set frequency, and confirm.
02:14
Where can you manage your investment plans?
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Where can you manage your investment plans?
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In 'My Plan' on the main Auto Investment page.
03:34
How do you create a multi-currency plan?
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How do you create a multi-currency plan?
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Go to 'Investment Portfolio', create plan, add currencies, set total amount, frequency, and allocate percentages per currency.
03:46
💡 Key Takeaways
🔧
DCA Strategy Explained
Provides a clear, simple explanation of a core investment strategy used by the feature.
00:16
💡
ROI Clarification
Warns users that displayed ROI is historical, not future profit, preventing unrealistic expectations.
01:34
📊
Integration with Simple Earnings
Shows how Auto Invest can be combined with other features to maximize returns.
03:08
🔧
Percentage Allocation
Demonstrates how to allocate investment percentages across multiple currencies, ensuring total equals 100%.
04:26Full Transcript
[00:02] Auto Invest feature, or automatic investment, on the Binance platform. This feature allows you to invest your money and buy cryptocurrencies completely automatically without any intervention from you, except initially to activate the feature. So get your hotphone ready and let's begin. First, you
[00:16] need to know that Auto Invest on Binance uses a buying strategy called DCI, which stands for Dollar Cost Average. For example, if you buy Maetec today for
[00:29] $2 and then buy it again a week later for $1, the average cost will be $1.50, which is the DCI. This is the strategy used by the automatic investment bot on Binance. Of course, you won't do any of this; the automatic investment on
[00:42] Binance does it all. You just activate it initially, and then you can go to sleep, travel, or do whatever you want. I want it without having to keep checking the market and seeing if the price has gone up or down. Honestly, this is the most important feature of automatic investment, in addition to the fact that it does
[00:55] everything automatically. So now, let me show you how to run the automatic investment bot on the Binance platform in detail. First of all, if you are not registered on the Payence platform, register now from the link below in the video description. You will get a 20% lifetime discount
[01:07] subscribe to the channel and like the video so that it reaches the largest possible number of people and everyone can benefit from it. After you register and as soon as you open the Binance app on the homepage, we will click on earnings and choose automatic investment. The page you are seeing now will appear, and it
[01:21] invest in. And there are three columns, as you can digital currencies that we can invest in. The second column shows the return on investment (ROI) for each currency over the last five years. Clicking on any percentage for any currency
[01:34] will take you to a page where you can see the ROI over the last five, three, one, or even the last week. This isn't the profit you'll receive when you start investing; it's the profit someone else made investing five, three, or
[01:47] one year ago. You won't get the same percentage because it's not a future profit, but a profit based on the last five or three years. The last column shows the current or spot price of the currency. Scrolling down and clicking "Show More" will reveal more currencies you can invest
[02:01] in. On this page, you can choose whether you want to enable automatic investment for you in just one currency or multiple currencies. In other words, you can create an automatic investment plan for multiple currencies from here. But for now, we'll only explain how to invest in a single currency. After that,
[02:14] we'll explain how to create an automatic investment plan. Since we're not working on more than one currency, we'll go back to the Individual Token page here. This is to enable automatic investment for just one currency. We'll choose the currency we want to create an investment plan for; for example, we'll choose Bitcoin and click on this arrow. Then
[02:27] we'll go to the Investment Plan Creation page. This is the page where we'll enable automatic investment for just one currency, which is Bitcoin. The first thing we'll do is specify the amount of money we'll put into the automatic investment. Here, we can specify the currency we'll use
[02:40] to buy Bitcoin. We can use USDT, BUSD, or local currencies like the Euro, for example. I'll choose USDT because I have some. Then, I'll specify how often I want it to buy Bitcoin, for example, every day, every week, every month, or even every hour,
[02:54] as you can see. You can choose how often you want it to buy for you, according to your preference. For example, I'll choose every week on Wednesday at 7:00 PM, and then it will buy with $10 Bitcoin every Wednesday at 7:00 PM. I agree to the terms and click "Confirm," and
[03:08] every week at the same time, it will automatically buy Bitcoin for me without any intervention from me. The Bitcoin will be deposited into my wallet on Wednesday or stored in the Simple Earnings feature to increase and grow my profits. A full video explaining the Simple Earnings feature
[03:21] in detail is available on the channel now; you can watch it. To see your investment plan, go to "My Plan" on the main Auto Investment page. From there, you can see the details of your plan, and you can also modify, pause, or cancel it, as you can
[03:34] see. To see the Bitcoin deposited into my Simple Earnings feature, I will have to go to my wallet, then to "Profits," where you will find it. The second method is if you want to create an automatic investment plan for more than one currency, not just one. All you have to do is
[03:46] go On the investment portfolio, click here, then click on "Create Investment Portfolio Plan," then "Add Currencies," and choose the currencies you want to invest in automatically. For example, I'll choose the first three currencies: Bitcoin, Ethereum, and BNP Paribas. Then, confirm and specify
[04:00] the amount of USDT I'll use to buy, let's say $100. I'll set the $100. I'll set the repetition frequency, for example, to be every month on the 25th at 7:00 PM. At that time every month, the process will repeat, and it will automatically buy the
[04:14] funds in my wallet to cover the purchase that will occur each month. I'll go back up to specify the purchase percentages for each currency out of the $100. Here, I'll set 50% for Bitcoin, 25% for Ethereum, and 25% for BNP Paribas.
[04:26] So, I'm telling it to buy 50% of the $100 in Bitcoin, meaning every month it will buy 50% of the $100 in Bitcoin. $50 in Bitcoin, $25 in Ethereum, and $25 in BNP Paribas, totaling 50% of the $100. The sum of these amounts must equal 100%. Then, scroll down, agree
[04:41] to the terms, and click "Confirm." That's how the automatic investment plan is activated. And that concludes our explanation of the automatic investment feature on the Binance platform. Don't forget to like the video and subscribe to the channel to see all the upcoming videos.
