WhiteBIT Auto-Invest: A Convenient Tool for Consistent Investing
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Auto-Invest is a smart tool that allows you to automatically purchase cryptocurrency based on your customized parameters. Simply create a plan for your preferred cryptocurrency, set the amount and purchase frequency, and let Auto-Invest handle the execution to help you achieve your investment goals.
How does WhiteBIT Auto-Invest work?
With WhiteBIT’s Auto-Invest feature, you can set up a plan to automatically purchase cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Solana (SOL), and more. Instead of manually buying a set amount of an asset, you can rely on Auto-Invest to handle these transactions for you.
How to Set Up an Auto-Invest Plan on WhiteBIT?
- Navigate to the “Products” tab in the main menu and select Auto-Invest.
- Choose the cryptocurrency you want to be purchasing.
- Enter the amount you’d like to be purchasing.
- Set the purchase frequency—whether you prefer hourly or monthly purchases, Auto-Invest can accommodate your needs.
Once your plan is set up, funds will be automatically deducted from your Trade balance on WhiteBIT, and the purchased cryptocurrency will be credited to the Trade balance. If your balance is insufficient for a transaction, you will receive a notification. After 5 unsuccessful purchase attempts, the plan will be paused.
Features of WhiteBIT Auto-Invest
One of the key advantages of WhiteBIT Auto-Invest is a low minimum purchase amount, which allows you to start investing even with the smallest amount of assets. Auto-Invest also provides flexibility thanks to two ways of determining the purchase amount: you can choose either a fixed value of the asset you’re spending or immediately specify the amount of the desired asset for purchase.
For users who want more control over their investment strategy, the Auto-Invest plan offers additional advanced settings. They include:
- Price limits: You can set a minimum and maximum price range for your investments. The Auto-Invest plan will only buy when the market price of the cryptocurrency is within this specified range, ensuring that you buy at the desired price level.
- Number of iterations: This defines how many times the purchase will repeat according to your set schedule. For example, if you choose 100 iterations, the Auto-Invest plan will be completed after 100 purchases.
Using these advanced settings allows you to tailor your Auto-Invest plan to your specific investment goals, helping to optimize the timing and frequency of purchases while staying within your desired price limits.
Plans can be managed, paused, or deactivated in the My Plans section. When deactivated, your plan will be moved to a separate list for easy viewing or reactivation later.
Benefits of Auto-Invest
Auto-Invest offers several key benefits for both beginners and experienced cryptocurrency investors:
- Automation: Auto-Invest eliminates the need for manual purchases. Once set up, the feature handles all recurring investments on your behalf, saving you time and effort and ensuring a consistent investment strategy.
- Dollar Cost Averaging (DCA): By creating a recurring investment plan, Auto-Invest helps you practice dollar cost averaging, a strategy that reduces the impact of market volatility.
- Customization: Auto-Invest offers a wide range of customization options, allowing you to choose the cryptocurrency, investment amount or size, and investment frequency. With advanced settings, you can even set price limits and iterations, giving you complete control over how and when your investments are made.
- Diversification: The feature supports a wide range of cryptocurrencies, allowing you to quickly diversify your portfolio. You can create multiple plans for different assets, providing a balanced and comprehensive investment approach.
- Low Minimum Limits: There are low minimum investment limits, providing flexibility for investors with different budgets. Whether you want to invest a small amount regularly or make larger regular investments, Auto-Invest adapts to your needs.
Auto-Invest is more than just a tool, it’s a powerful strategy to simplify your investment journey. If you manage market volatility with dollar cost averaging or want to create a diversified portfolio without constant monitoring, Auto-Invest will definitely come in handy. With automation, flexibility, and support for many cryptocurrencies, Auto-Invest is the ideal solution for both beginners and experienced investors looking to grow their cryptocurrency wealth over time.
