Binance's Auto-Invest feature was integrated into Binance Convert in April! As a long-time user, I initially panicked—would this mean losing the straightforward "buy crypto regularly" function? Here's my hands-on guide to continuing Bitcoin DCA (Dollar-Cost Averaging) via Binance Convert, along with a breakdown of its features, fees, and whether it beats manual trading.
👉 Start trading on Binance with zero hassle
What Is Binance Convert?
Binance Convert is a fast cryptocurrency exchange tool that lets users swap any crypto for another instantly, without navigating order books or setting prices. Binance provides a fixed rate upfront!
Currently, Binance Convert offers three sub-features:
| Feature | Market Swap | Limit Order | Auto-Invest |
|---|---|---|---|
| Description | Instant swap at market price | Swap at your target price | Scheduled swaps at market price |
| Pricing | Binance-determined | User-set | Binance-determined |
| Speed | Immediate | Price-triggered | Scheduled (hourly/monthly) |
| Frequency | One-time | One-time | Flexible (hourly/monthly) |
Key perks:
- Low minimum swap amount (0.01 USDT equivalent).
- Ideal for consolidating small balances into long-term holdings.
- No need to convert to stablecoins first.
💡 Fun fact: Binance Auto-Invest previously used Convert’s mechanics under the hood—it’s now just rebranded!
Binance Convert Fees: Hidden Costs Revealed
While Binance Convert claims zero fees, the swap rate includes a slight markup over the market price. Think of it like paying $100 for strawberries but getting 9.8 instead of 10—the missing 0.2 is Binance’s effective fee.
Real-world test:
- 100 USDC → BTC via Convert: 91,909.7
- Spot market price: 92,568
- 0.7% markup (vs. 0.1% spot trading fee).
👉 Auto-Invest markup dropped to ~0.2% post-integration, making it competitive with manual trading (+0.1% only).
Drawbacks of Binance Convert
- Higher Costs: ~0.6% more expensive than spot trading.
- Quick Decisions Required: Quotes expire in 8 seconds.
- Short Order Validity: Limit orders expire in 30 days (vs. years for spot orders).
Step-by-Step: Setting Up Bitcoin DCA with Binance Convert
Step 1: Fund Your Binance Account
- Deposit USDT or other cryptos (I recommend monthly bulk transfers to save fees).
Explore funding guides:
Step 2: Configure Auto-Invest
- Navigate to Convert → Auto-Invest in the Binance app.
Select:
- Source currency (e.g., USDT).
- Target crypto (e.g., BTC/ETH; up to 10 coins).
- Amount per transaction (e.g., $500 weekly: $400 BTC + $100 ETH).
- Frequency: Hourly to monthly (exact timing adjustable).
Step 3: Manage Plans
- Pause/edit: Adjust amounts/frequency (but not currencies).
- Stop: Deletes history (use "pause" for temporary holds).
👉 Optimize your crypto portfolio effortlessly
Binance Convert vs. Manual DCA: Which Wins?
| Factor | Convert Auto-Invest | Manual Trading |
|---|---|---|
| Cost | Higher (~0.2–0.7%) | Lower (0.1%) |
| Convenience | Fully automated | Time-intensive |
| Emotion | Discipline enforced | Prone to hesitation |
Verbalize: Choose manual for lowest fees; pick Convert to skip the hassle and emotional hurdles.
FAQ Section
1. Are there swap limits?
Yes—varies by currency (e.g., max 54 BTC per swap). Check the Convert page for specifics.
2. When should I use Binance Convert?
Best for quick, mid-sized swaps when cost isn’t the top priority.
3. Can I change currencies in an Auto-Invest plan?
No—only amounts/frequency are editable.
More Binance Guides:
🚀 Final Tip: Convert’s Auto-Invest shines for hands-off investors—just weigh the ~0.2% premium against your time savings!