How do you trade coins before they are listed on Binance Alpha?
Realistically, if you are waiting for the coin to be listed on Binance before investing in it, you are missing out on a significant profit opportunity. Binance, being the largest trading platform, has high requirements in terms of market capitalization and trading volume for the coin. When the coin meets these requirements, investors who seized it before the listing have already made huge profits. Therefore, if you want to invest early, the solution is to trade through decentralized platforms (DEXs). However, if your experience is limited to using centralized platforms, the world of decentralized trading can be complex and dangerous without adequate knowledge. This is where Binance Alpha comes in, representing an innovative solution from Binance to empower users to seize opportunities for new coins before they are listed. In this article, I will explain what Binance Alpha is and how you can use it to discover potential new coins on Binance.
What is Binance Alpha?
It is a list of coins that Binance is considering for listing on its platform. When it was first launched, Binance Alpha was just a list within the Binance Web3 Wallet. But as it evolved, it is now available to the average user, allowing them to purchase coins without needing to open a Web3 Wallet or deal with smart contracts. The main feature of Binance Alpha is that the listed coins have undergone thorough research by Binance before being added, which reduces the likelihood of falling into fraudulent projects or scams. But this does not mean that its profits are guaranteed, as the coin's performance depends on other factors such as market trends and related news, which we can discuss in other articles later.
How do you buy coins from Binance Alpha?
Go to the Markets page on Binance. Next to the Spot and Futures options, you'll find the Alpha option – click on it. You will see a list of the coins listed in Binance Alpha. Choose the coin you want, and you will be directed to its trading page. You can purchase the coin using any available currency in your wallet, such as USDT, BNB, or others. After confirming the transfer, the coins will be added to your wallet directly. In this way, you have purchased a new coin that is a candidate for listing on the Binance platform.
Are all Binance Alpha coins listed on the platform?
No, not necessarily. Binance may remove a coin from the Alpha list if negative changes occur in the project or if news arises that affects its reliability. Therefore, do not treat Binance Alpha coins as guaranteed to be listed 100%. You can consider Binance Alpha like a business incubator for cryptocurrencies that Binance sees as having a good future. If the coin can maintain its activity and strong trading volume, there is a high chance of it being listed on Binance. However, if it fails to achieve that, it will not be added to the platform.