You’ll lose money in swaps due to price impact ( slippage and volatility ) , also the gas fee.
• you're in India , strict compliance regulations make it even worse.
IF THESE RED FLAGS WEREN’T THERE, IT MIGHT’VE BEEN WORTH IT - BUT WITH THEM, IT’S DEFINITELY NOT.
SO AS OF NOW - IN ONE WORD, BINANCE ALPHA = EXTRACTION SCHEME
3. How Binance Plays With Your Mind:
First, they hook you with easy rewards - like early-stage IDOs (e.g., PARTI, BMT, BR). Once they have your attention, they start exploiting.