API stands for “Application Programming Interface” and refers to the various means one company has of communicating with another company’s software internally. An API would allow a third party such as Binance to directly access the various functions of another company’s software, such as placing orders on a stock exchange.
Binance does not currently offer a public test API, however they have stated that they are working on one. In the meantime, the best way to test your trading strategies on Binance is to use their simulation feature in their trading interface.
This will allow you to place pretend trades and get an idea of how the platform works without having to risk any real money.
Once Binance releases a public test API, it will likely be announced on their blog or social media channels. Until then, the simulation feature is the best way to test your strategies on the Binance platform.