Can I implement DCA using my assets in the wallet on Binance? For example on pair BTC/EUR? (Auto-Invest)

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Hi dear Binancians,

​

simply put: I want to start buying cryptocurrencies on Binance, using fiat I already have in Binance wallet in regular intervals for current market price. Can I do that in Binance somehow? I found the “Auto-Invest” option. I tried to create one plan for buying BTC, but it only offered me USDT and BUSD option. I have EUR in my wallet and I want to be DCAing on the BTC/EUR pair.

Is this Binance’s way to force me to first trade EUR to BUSD or USDT and only then start using the stablecoin to purchase my desired assets on regular basis and give them the trading fee twice?

Thanks for answers

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Posted in Binance Reddit

2 Comments

  1. sutem on 10. September 2022 at 16:17

    I have just started DCAing with Binance Auto-invest.

    DCA fee is 0.2%

    [https://www.binance.com/en/support/faq/fe2cf6e9534f4f54b2b01e2f5cd78d20](https://www.binance.com/en/support/faq/fe2cf6e9534f4f54b2b01e2f5cd78d20)

    But you can make a “deposit” your BUSD/USDT to Flexible Savings account, which gives you 10% APR interest up to $2000, so this interest payment would be able to cover (some of) your DCA fee.

    Yes, I think it is a great time to accumulate coins with DCAs.

    https://www.dca-cc.com/dca/bitcoin

     


  2. dirtyhandsome on 10. September 2022 at 16:17

    EUR/BUSD conversion has no fees attached. Just convert to BUSD and then use Auto-Invest.