| Key Points: – The upgraded Binance Alpha 2.0 is now directly integrated into the Binance exchange, allowing users to buy tokens without transferring assets to external wallets. – By using funds from Binance spot and funding accounts, Alpha 2.0 simplifies transactions, reduces costs, and expands supported assets. |
Binance has unveiled Alpha 2.0, an upgraded version of its Binance Alpha product, aimed at streamlining transactions between centralized (CEX) and decentralized exchanges (DEX).
The updated platform integrates directly into the Binance exchange, providing users with improved liquidity, capital efficiency, and accessibility while maintaining compatibility with the Binance Wallet.
Binance Alpha Expanded with New 2.0 Version
The primary enhancement in Binance Alpha 2.0 is its ability to facilitate the purchase of on-chain tokens directly within the Binance exchange. It eliminates the need for users to transfer assets to external wallets or create on-chain wallets, significantly simplifying the trading process.
With this upgrade, users can seamlessly utilize funds from their Binance spot accounts, funding accounts, and other Binance Pay-supported accounts to purchase Alpha tokens.
By leveraging funds stored on the Binance exchange for DEX transactions, Binance Alpha 2.0 removes redundant steps, reduces transaction costs, and enhances the overall trading experience.
Key Differences Between Alpha and Alpha 2.0
The new platfrom marks a major improvement over the original Binance Alpha, which was accessible solely through the Binance Wallet. While the previous version allowed users to explore and purchase select tokens from within the wallet, Alpha 2.0 is fully integrated into the exchange, enabling direct trading without external wallet dependencies.
| Feature | Binance Alpha | Binance Alpha 2.0 |
|---|---|---|
| Platform | Binance Wallet | Binance Exchange |
| Trading Method | Requires external wallet | Uses spot and funding accounts |
| Asset Transfers | Transfers needed for DEX transactions | No transfers needed |
| Supported Assets | Select tokens | Expanded asset range including Solana and Base |
Currently in its testing phase, Alpha 2.0 is available in select countries, including Vietnam. As part of its ongoing expansion, Binance has also broadened the range of supported assets.
Previously, the Binance Alpha section allowed purchases of BNB Chain and Ethereum-based assets using USDT. The updated version now supports the acquisition of Solana and Base assets using USDC, further increasing its utility for traders.
In an effort to make trading more cost-effective, Binance has also announced a six-month zero-fee promotion for Binance Wallet transactions.
From March 17 to September 17, users can enjoy fee-free trading when utilizing the Swap and Bridge features or the Quick Buy function within Binance Alpha. However, standard network gas fees still apply, and transactions made through third-party decentralized applications (dApps) are not eligible for the fee waiver.
How to User. Binance Alpha Wallet 2.0
First of all you need to have a verified Binance account.
Step 1: Click on the “Market” box at the bottom of the Binance app interface.
Step 2: Select the “Alpha” section above to see the tokens in the section.
Step 3: After selecting the token to trade, click “Trade”.
Step 4: Continue to click “Place Order” to complete your transaction.
Step 5: After the transaction is completed, the “Holdings” section will display the token balance.
Note that the current fee to trade on Alpha is quite expensive at $1 and your transaction must have a minimum of $5.3.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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