Part 1: Create an API key in Binance
1
Open API Management
Log in to binance.com and click your account name in the top right (shown as your initials). From the dropdown menu, choose “API Management”.
2
Create a new label
Under “Label API key to proceed”, enter a name for your key, for example
BitBrokerTrade. Then click “Create API”.3
Set permissions
Set the API restrictions so that reading and trading are allowed. Make sure that withdrawals are not enabled. Use the Copy button to copy the API key to your clipboard. Paste it into a notepad. Do the same with the API secret.
4
Activate the confirmation email
Binance sends a confirmation email. Open the email and click the activation link. Do you use Google Authenticator as 2FA? Then you can skip this step.
Part 2: Add the exchange in BitBrokerTrade
1
Navigate to Exchanges
Log in to BitBrokerTrade. In the left column, click Settings, then Exchanges, and then Add exchange.
2
Select Binance
Click the Binance logo to select Binance as the exchange.
3
Fill in the details
In the Name field, enter
Binance. Then paste the previously copied API key and API secret into the matching fields.4
Set a reserved amount (optional)
Do you want to keep part of your balance out of the trader? Enable “Reserved amount” and enter the amount in euros. The trader will never use this amount.
5
Add the exchange
Check that you have completed the confirmation email (or 2FA). Then click Add. The connection is now active.
Reserved amount, how does it work? Say you have €1,000 on Binance and you reserve €250. The trader will then only work with €750. The €250 always stays available on your euro account at Binance.