Binance, Exchanges

What Is Weight in Binance API?

Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of February 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.

Binance API is a set of programming instructions that allow software to interact with the Binance platform. The API is used by developers to create bots or other programs that can perform trades on behalf of a user.

Weight is a value that is used to determine how much of an asset is required to complete a trade. When making an order, the weight is multiplied by the quantity to determine the total amount of the asset that will be used.

NOTE: WARNING: The Binance API provides access to information about the weight of an asset, but it can be difficult to interpret. Please consult with a financial advisor or other expert before using the weight information provided by the Binance API. Furthermore, please be aware that the weight of an asset is subject to change, so it is important to monitor it closely.

For example, if you wanted to buy 1 BTC worth of ETH, you would need to specify a weight of 1 BTC. The weight can be thought of as a kind of deposit that is being made to ensure that the trade can be completed.

In Binance API, weight is represented as a number between 0 and 1.0. This number corresponds to the percentage of an asset that will be used in a trade. For example, a weight of 0.

5 means that half of the asset will be used in the trade. The remaining half will be kept as collateral in case the trade does not go through.

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