Setting Up Binance Wallet for Alpha Access
Let’s start by setting up your access to Binance Alpha. Before diving into the exciting investment opportunities, we need to make sure your wallet is properly configured and secured.
Creating and Securing Your Binance Wallet
First, we need to update the Binance app to a newer version. After updating, open the Binance app and tap the wallet icon in the bottom right corner. Select ‘Create Wallet’ and choose ‘Web3 Wallet’. Remember to set a strong password and, most importantly, back up your wallet recovery phrase securely.
Completing Required Verifications
To access the full features of Binance Alpha, you must complete identity verification (KYC). Here's what you'll need:
- (KTP) Official ID issued by the government
- Clear facial recognition photo
Go to the Account section and click 'Identification' to start the verification process. Make sure all the information submitted is exactly the same as your (KTP) ID, because changes cannot be made after confirmation.
Once verified, you will need to set up funds for various chains. Here are the minimum amounts:
Solana chain: 0,1 SOL
Base chain: 0,01 ETH
ETH chain: 0,02 ETH
BSC chain: 0,05 BNB
Next step I will show you how to deposit on Binance web3
Receive Tokens from Binance Exchange
In this section we can transfer tokens from Binance spot & Funding accounts, the following image is the balance of my Binance account.
After that, search for ETH SOL and BNB tokens and then send/transfer the tokens to the Web3 Wallet.
Receive Tokens Via Address
In this section we can transfer tokens from external wallets.
Please note: make sure the token and network provided are correct, if the address is wrong then your token will be forfeited.
After funding your wallet, you can access Binance Alpha via the Market tab.
Making Your First Token Purchase
Ready to make your first purchase on Binance Alpha?
We will walk you through this process step by step, ensuring you understand exactly how to execute trades effectively.
How to exchange highlighted tokens in Binance Wallet?
1. Log in to your Binance Wallet, or create a Binance Wallet if you don't have one.
2. Before the token is listed on Binance Alpha, make sure you have sufficient balance of the main chain native tokens in your Binance Wallet. For example, BNB, ETH, and SOL.
3. 4 hours before the token is announced, there will be a countdown banner on [Home], and a countdown clock in the [Binance Alpha] section under the [Market] tab.
4. When the token is announced, tap [Quick Buy] in the Binance Alpha section under the [Market] tab to purchase the token.
Please note:
- You need to update your Binance app to the latest version to be able to access the Quick Buy function smoothly.
- You must back up your Binance Wallet before using Quick Buy.
- When using the Quick Buy feature, you can only buy using the chain's native token.
Using the Quick Buy Feature
The Quick Buy feature makes purchasing tokens easy and efficient. Here's how we use it:
1. Pay attention to the countdown banner on the Homepage, if you don't find the banner, you can go directly to step 3.
2. Wait for token announcement
3. Click Quick Buy in the Market tab
4. Confirm your purchase amount
5. Send transaction
What is Quick Buy?
Binance Alpha introduces the Quick Buy function, which enables seamless token purchases and optimizes the existing Swap function in Binance Wallet. The Quick Buy feature improves several key processes to enable faster and cheaper transactions, including:
- Automatic selection of native chain token and default trading amount based on wallet holdings for faster and smoother transactions.
- Automatic slippage adjustment when retrying transactions to increase success rate.
- Anti-MEV mechanism designed to help prevent the adverse effects of MEV on large transactions, ensuring better prices, especially for large transactions.
More details about Binance Alpha:
