The Savings Plan Guide: Automated & Stress-Free Investing
If you ask me for the absolute best and most relaxed method for beginners, this is it: the crypto savings plan. You automatically buy cryptocurrencies for a fixed amount at regular intervals—the perfect "set and forget" strategy.
The Dollar-Cost-Average (DCA) Effect
With a savings plan, you leverage the "Dollar-Cost-Average effect." It sounds complicated, but it's very simple:
- You invest a fixed amount (e.g., $50) every month.
- When the price is high, your $50 automatically buys fewer shares.
- When the price is low, your same $50 automatically buys more shares.
Over time, this averages out, giving you a great average price without ever trying to time the "perfect" moment to buy. You completely remove emotions (greed and fear) from the equation!
Interactive Savings Plan Calculator
Play with the sliders to see how your investment could develop based on conservative assumptions. This is a simulation for motivation and not a guarantee of profits.
Total Invested
Potential Value
Net Profit
How-To: Set Up Your Savings Plan on Binance
Binance calls its savings plan feature "Recurring Buy" or "Auto-Invest". Setting it up is incredibly easy and can be done in a few steps:
Step 1: Deposit & Navigate
Log into Binance. Click the yellow "Deposit" button in the top right. On the next page, you'll see various options. Select the "Recurring Buy" tab.
Step 2: Configure Your Plan
You are now in the savings plan menu. Select your asset (e.g., BTC), enter the amount you want to invest regularly (e.g., $50), and set the frequency (e.g., weekly). Then click "Continue" to confirm. That's it!
What's Next? Secure Your Investment!
Now that you know how to invest regularly, it's crucial to understand how to properly secure your coins. The next logical step is to learn about wallets.
Jump to the Security Guide →