$BTC I'm Vietnam.
Today I see that the Binance exchange has added an Alpha section to trade new coins that have not yet been listed on Binance, which makes me very curious.
I went in and learned that this is like a decentralized exchange (DEX) such as: Uniswap, PancakeSwap,... which Binance has aggregated to make it easier for us to trade.
But when you trade on #Alpha of Binance, how will you feel?
1. No need to waste time looking for newly listed tokens.
2. No need to check which blockchain: BNB, SOL, or Ethereum to access the corresponding DeFi applications. Alpha will automatically connect to those DeFi.
3. Money will be taken directly from the sport wallet of the Binance exchange in your account. Avoiding many newcomers having to create additional wallets and store them all over the place; just imagine wanting to buy a coin on Ethereum while having BNB, you would have to convert and swap in various ways.
4. The Binance team has evaluated or connected with preliminary assessment tools for the coins listed on Alpha, through which there will be some basic information about them that is quite accurate.
5. The opportunity to be listed on the #Binance exchange when that token trades well on Alpha is very high.
But there are some notes:
1. The risk is very high; this is not a place to invest 100% of your capital. You should divide it into 50%, 30%, and 20% of your total capital. Of that 20% high risk, allocate about 10% of that 20% to Alpha and consider it as potentially lost.
2. No support from the Binance support team is available since it is understood that this is a point to aggregate decentralized exchanges for you, and all transactions are on the blockchain of that corresponding platform.