What is Auto-Invest and Portfolio Plan?
What is Auto-Invest?
Auto-Invest allows you to automate crypto investment and earn passive income. It is a dollar-cost averaging (DCA) investment strategy. You can choose the cryptocurrencies you want to purchase on a daily, weekly, bi-weekly, or monthly basis.
Your purchased BNB will be automatically deposited into BNB Vault, and the other crypto purchased will be deposited to your Flexible Savings account, so you can earn passive income with your investments.
Launched in 2021, Auto-Invest was designed to help users easily use a Dollar-Cost Averaging (DCA) strategy to build and grow their portfolio with stablecoins on autopilot. Using the Auto-Invest product, users simply create a plan and let the plan run for as long as they wish to. Additionally, Auto-Invest automatically enrolls purchased crypto to Flexible Savings and BNB to BNB Vault, Binance Earn products that let crypto holders generate additional APY rewards on their idle assets. Now, Auto-Invest has received an upgrade, allowing users to buy all their favorite crypto with the latest feature, Portfolio Plan.
The main difference between the current Auto-Invest plan and the new Portfolio Plan is the number of tokens you can choose to purchase on a recurring basis. Unlike Auto-Invest’s current plans, Portfolio Plan offers users the ability to easily diversify thanks to the multiple coin setup. Whether you’re interested in building your first multi-crypto portfolio, planning to reduce risk via portfolio diversification, or wish to generate some passive income, you can choose to personalize your own Portfolio Plan to meet those needs. Thanks to the flexibility offered, users can pick from two to ten coins per plan, and determine each cryptocurrencies’ percentage allocations. Look forward to these other features and benefits listed below.
Key Features and Benefits of Auto-Invest’s Portfolio Plan.
There is no maximum number of Portfolio Plans you can create. Customize as many dedicated Portfolio Plans as you like, with a maximum of 10 coins for each Portfolio Plan.
From how often you want to DCA, to the type of crypto and percentage allocation, you get to choose what your final Portfolio Plan will look like.
Earn Passive Income
Crypto that you buy is automatically enrolled in Flexible Savings, except for BNB which will be enrolled in BNB Vault. This allows you to earn passive income on your idle assets.
Flexible Savings and BNB Vault are zero-risk alternatives to trading cryptocurrencies without a Principal Guarantee.
Easy Portfolio Management
Just like any other Auto-Invest plan, you can monitor and manage your Portfolio Plans on a single page, right from your Binance app. Access Profit and Loss details on your Portfolio Plan at your fingertips, pause or delete a Portfolio Plan at any point in time.
3 Steps to Getting Started with Auto Invest.
1. Create your Auto-Invest plan
To start earning on autopilot, you will have to decide what, how, and when to buy. Currently, you can create a plan with BTC, ETH, or BNB, and designate a fixed amount of USDT or BUSD stablecoins from your Spot and/or Flexible Savings balance as funds for your plan. If you’re completely new to crypto, you can start buying BUSD with cash before creating your plan. Finally, once you schedule a specific time and choose a recurring cycle of daily, weekly, bi-weekly, or monthly, you’re all set to start earning! Once your Auto-Invest plan buys the set amount of crypto, it subscribes the purchased amounts to Flexible Savings for you, and won’t stop until you have paused the plan or have run out of funds. Unlike the existing Recurring Buy feature, you must have a stable coin balance to create your Auto-Invest plan.
2. Monitor and manage your plans
You can create multiple plans to earn interest in different cryptocurrencies. These plans can be easily monitored and managed on a single page.
The overview page shows all of your Auto-Invest plans that you have created, allowing you to quickly check your unrealized gain and losses, ROI percentage, and next Auto-Invest Date for efficient portfolio management. Use this overview to understand your profits and losses better, and decide which asset is performing better at any moment. Auto-Invest plans can be adjusted, paused, or removed at any time, so you can adjust your plans according to market conditions to optimize your earnings.
3. Withdraw anytime
Because the Auto-Invest plan combines a regular buy feature and Flexible Savings, users enjoy all the benefits of Flexible Savings. Apart from being a lower-risk alternative to trading cryptocurrencies without a Principal Guarantee, Flexible Savings allows you to withdraw your funds instantly whenever you need them.
How to Customize Multi-Crypto Portfolio With Portfolio Plan
Step 1: Fund your wallet
Like any other Auto-Invest plan, Portfolio Plans use stablecoin funds from your wallet to purchase crypto for you. Make sure that you have USDT or BUSD stablecoins in your Spot and/or Flexible Savings balance before you create a Portfolio Plan. If you’re completely new to crypto, you can start buying BUSD with cash here.
Step 2: Create a plan
- Log into your Binance account on the Binance app and click ‘Auto-Invest’.
- Click ‘Create a plan’, located next to the Portfolio Auto-Invest banner.
- Click ‘Add Coins’ and pick the crypto you want to include.
- Allocate a percentage to each of the cryptos selected. Make sure that the total percentage is 100.
- Enter your subscription amount, preferred stable coin (USDT or BUSD), and recurring cycle.
- Check through your customized plan, read and agree to the Binance Auto-Invest Agreement and click ‘Confirm’.
Step 3: Set and Forget, or Monitor
Depending on your trading lifestyle, you may choose to set your Portfolio plan and forget, letting it run on its own to steadily grow your portfolio, or monitor it periodically. The former is self-explanatory, but if you want to monitor your Portfolio, you can easily do so via a single page. The overview page shows all the Portfolio Plans that you have created and allows you to check all your unrealized gains and losses, ROI percentage, and next purchase date for efficient portfolio management. You can choose to pause a chosen Portfolio Plan or rebalance your crypto portfolio according to market conditions to optimize your strategy as well.
Step 4: Withdraw your crypto
Crypto that you purchase via your Portfolio Plan is automatically enrolled in Flexible Savings (or BNB Vault if you have BNB) to earn passive income, ensuring that you can enjoy the benefits of the product, including withdrawing your crypto instantly whenever you wish to.
If you are a beginner in crypto investing, interested in passive income streams, or are a HODLer, consider the new Auto-Invest plan to turn your savings into wealth. It’s useful for reducing risk from short-term market volatility and for building your portfolio steadily in the long term. And remember, the sooner you get into the game of DCA and wealth accumulation, the more time your assets will have to make money for you. There’s no better time to create your Auto-Invest plan than today.