Once you locate the button, click on the link to the right of the button. Supports Visa/MasterCard – the two payment processing companies are the most common debit and credit card providers, making the service accessible to most people globally.Despite a few prior security incidents, Binance has invested in the safety and security of its users’ assets, making it one of the safest places to set up an automatic crypto purchase scheme. Reliability and security – Binance is a leading exchange offering a reliable service, and the number of users it serves is a testament that its customers trust the platform.The automated cryptocurrency purchases have more utility within the Binance ecosystem where an investor has access to services such as staking, yield farming, trading, lending, donating or investing in blockchain startups. Utility – Binance, the largest and most ubiquitous crypto exchange, has invested a lot into expanding its product lineup.There are thousands of crypto assets to purchase through Binance.
Flexibility – Binance’s Recurring Buy feature enables users to make regular crypto purchases daily, weekly, bi-weekly (every two weeks) or even monthly, providing customisation flexibility.Executing this strategy through automated crypto purchases is not just convenient, it’s highly recommended. Dollar-cost averaging (DCA) – DCA is a common investment strategy in which a trader buys an asset in multiple stages as its price fluctuates, enabling the trader to smooth out their purchase curve and reduce the acquisition cost.The former is more common, and it entails logging into your Binance account to make purchase orders, while the latter involves specifying purchase rules and letting the platform execute the purchases. Convenience – there are two methods to buying crypto with fiat – manually or automatically.There are several benefits accrued from using Binance’s Recurring Buy and generally using automated crypto purchase services. Benefits of Binance’s Recurring Buy Feature There is no information about plans to expand the payment methods in the future. We will guide you on setting up an automated crypto purchase plan on Binance in this article, and it’s worth noting that the configuration process is similar across all interfaces, i.e., web, mobile or desktop.Īccording to the announcement, users can only set up Recurring Buy settings using credit or debit cards as payment methods, specifically through Visa (NYSE: V) and MasterCard (NYSE: MA). The service is available both on the Binance mobile app and through its web interface.
For example, a customer can set up a $100 purchase of the Binance Coin (BNB) every Sunday morning for an indefinite amount of time. In a nutshell, Binance users now have the option to specify which asset they wish to buy, the amount they are willing to spend and how frequently they want to spend that amount. Binance, the leading cryptocurrency exchange by daily trading volume, recently launched a new feature that enables users to perform automated crypto purchases.īinance announced the Recurring Buy feature in September 2021 in a post stating that the new service “allows users to easily buy a fixed amount of cryptocurrencies over time at set intervals.” One way to invest in crypto assets with minimal effort is to automate the purchase process. It means that if a casual investor can acquire these digital assets regardless of the current price, they stand a chance of earning substantial returns down the road. Not everyone can dedicate the time to keep up with the price action of thousands of the available crypto assets.ĭespite the wild price movements, crypto assets are generally appreciating over long periods. IntroductionĬryptocurrencies are infamous for experiencing volatile price movements leading some investors to constantly hunt for a great investment opportunity.
#Buying from binance desktop how to#
In this guide, we will show you how to set up automated crypto purchases through the exchange’s Buy Crypto page. Binance has recently launched this feature enabling its user to create custom repeated buying transactions (recurring buy). Automated crypto purchases are the latest trend in which investors are buying digital assets at predetermined periods at specified budgets.
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