Bots can be a great addition to any crypto trader’s toolkit. They can provide a much-needed boost to your trading activity, particularly if you are a busy person with little time to dedicate to manual trading.
In this article, we will show you how to add bots to Binance, one of the world’s leading cryptocurrency exchanges.
Binance is a cryptocurrency exchange that was launched in 2017. Since its launch, it has grown to become one of the most popular exchanges in the world with over 10 million users.
Binance offers a wide range of features and services, including a spot exchange, margin trading, derivatives trading, and more.
One of the key features that Binance offers is its API (Application Programming Interface). The API allows developers to create their own bots and tools for use on the Binance platform.
In this article, we will show you how to create a simple bot using the Binance API.
The first thing you will need is a Binance account. If you do not have one yet, you can sign up for an account here.
Once you have registered and logged in, go to the “API Management” page under the “Account” tab.
On the API Management page, you will need to create a new API key. To do this, click on the “Create New Key” button.
You will then be presented with a form where you will need to enter a name for your new key and select the permissions that you want to grant to the key. For our purposes, we will only need the “Order” permission.
Once you have entered all the required information, click on the “Create” button.
You will then be shown your new API key and secret. Make sure to copy and save these somewhere safe as we will need them later.
Once you have safely stored your API key and secret, click on the “Enable” button.
Your API key is now ready to be used. The next thing we need is a tool that we can use to send requests to the Binance API.
For this article, we will be using Postman, which is a free tool that can be downloaded from here.
Once you have installed Postman, open it and click on the “New” button in the top left corner. In the dropdown menu that appears, select “Request”.
You will then be presented with a form where you will need to enter the details of your request. In the “URL” field, enter https://api.binance\.
com/api/v3/order . Note that there is a backslash before the word “order”; this is required as otherwise Postman will treat it as a variable instead of part of the URL.
In the “Headers” section, click on the “Add header” button and enter two headers: Content-Type with a value of application/json , and X-MBX-APIKEY with your Binance API key as the value (without quotes). Your headers should look like this:
Content-Type: application/json X-MBX-APIKEY: YOUR_API_KEY_HERE
Next, we need to specify what type of request we want to send: GET , POST , PUT , or DELETE . For our purposes, we want to use POST as we are sending data (in JSON format) in our request body. Make sure that POST is selected in the dropdown menu next to “POSTMAN – Select Request Type”:
Finally, we need to specify what data we are sending in our request body.