Binance, the world’s largest cryptocurrency exchange has added TRX to its Auto-Invest plans and allows users to choose from a selection of popular cryptocurrencies and have an automated investment on its platform.
Auto-Invest is a dollar-cost averaging (DCA) investment strategy and one of the recently added features on Binance Earn which allows users to automate crypto investments and earn passive income.
— Binance (@binance) April 6, 2022
Users would only need to select from the 23 cryptocurrencies available and choose their preferred plan and amount then set a recurring cycle on how often to purchase the selected crypto.
Purchased cryptos would be automatically deposited into the user’s Flexible Savings account and allow to earn passive income with the investments made on Auto-Invest.
What is Binance?
Binance is the largest cryptocurrency exchange in the world and it was founded by Changpeng Zhao, also known as CZ who is a trading software developer and he had been leading the exchange since July 2017.
The exchange provides its users with over 500 cryptocurrencies for trading, a massive selection of transaction types and they are one of the cheapest crypto trading platforms available in the market.
#Binance Auto-Invest launches the Portfolio Plan feature where users can design their own multi-crypto portfolio.
— Binance (@binance) March 1, 2022
One of the key features of Binance that attracts users to its platform is its easy-to-use interface which allows newbie traders or experienced ones to use their platform with ease.
They also provide two options when it comes to digital currency trading which is the basic and advanced views. The only difference between the two is that the advanced one offers a more in-depth technical analysis of digital currency value over time.
When it comes to supported cryptocurrencies Binance had been one of the market leaders for its wide variety of supported coins and altcoins.
The largest cryptocurrency exchange also has its own Binance Coin (BNB) which is its native crypto coin that powers the Binance ecosystem that can be used to pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales, and more.
What is TRON?
TRON is a blockchain-based decentralized platform founded by the former TRON CEO, Justin Sun in 2017 and it aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content.
🧐#TRON ecosystem basic strategy in 2022👇#TRX: Web3 blockchain and global settlement layer; #BTT: Decentralized storage+blockchain hub+layer2;#JST & #SUN: DeFi ecology#WIN & #NFT: GameFi+NFTs+NFTfi+Metaverse#TRX & #BTT dual-chain is the core feature of the #TRON ecosystem. pic.twitter.com/v4W52eJZgi
— TRON DAO (@trondao) April 6, 2022
It has a native cryptocurrency called Tronix or TRX and the company is dedicated to building the infrastructure for a truly decentralized Internet they have added blockchain support to different fields such as DeFi, NFT, and GameFi.
Would you start investing TRX into Binance’s Auto-Invest? Let us know in the comments below.
For more news and updates, see Tron Spark.