Binance Spot has announced the launch of Spot DCA. This is a new dollar-to-cost average (DCA) strategy on Trading Bots that allows users to automatically buy or sell a fixed amount of assets at a specified price deviation and at desired frequency.
Binance Spot Launches Spot DCA
Using this feature, users can now set Spot DCA bots to buy or sell assets at an average price, thereby reducing the impact of market volatility.
Additionally, Spot DCA bots can help users automatically generate profits at a desired profit taking percentage, allowing users to enjoy a smoother trading process.
How to Install Spot DCA Bot?
1. Adım: Binance hesabınıza giriş yapın. Alım Satım > Alım Satım Botları > Spot DCA’ya tıklayın.
You can click on this link to register with Binance with a lifetime commission discount of 20 percent: https://accounts.binance.com/tr/register?ref=XLTI0KW3
Step 2: Choose a trading pair. Decide whether you want to buy or sell a selected token and go to "Buy" or "Sell" mode accordingly.
Step 3: Set the basic parameters (i.e. percentage of price deviation per order, take profit percentage, basic and DCA order sizes, and maximum number of DCA orders) for the Spot DCA bot before tapping the [Create] button.
More advanced settings such as trigger price or price range are also available. See the FAQ for more details.
Step 4: Check the order details carefully before clicking the [Confirm] button to install your Spot DCA bot.
*Not investment advice.