BitBrokerTrade
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  • BitBrokerTrade
  • Exchange
    • What is an Exchange?
    • Connect Bitstamp
    • Connect Bitvavo
    • Connect Binance
    • Connect Coinbase advanced
    • Connect Bybit
    • Connect Kucoin
    • Connect Simulator
  • Traders
    • What is a Trader
    • Configurate Trader
    • Trader settings explained
  • FAQ
    • Explanation functionalities
      • Binance API management update
      • Binance API management update II
      • How does the application choose its language?
      • What is the difference between Updown strategy and BitBrokerTrade strategy?
      • How does the UpDown Strategy work
      • How much influence does the level of the return percentage have on the final profit?
      • What is the best return percentage to enter with the trader
      • How and on the basis of which you determine a 'ceiling rate'
      • How is the size of a transaction determined?
      • What is the minimum deposit amount in Euro
      • Exchange: amount reserved
      • Trader setting: Maximum open purchases
      • How does the calculation of the profit work?
      • Can I also try out the operation of the trader first without having to bring in money?
      • The dashboard shows the gross profit, but how do I calculate the net profit?
      • My dashboard suddenly shows a lower profit
    • Error messages
      • An open position but not enough crypto balance on the exchange
      • There are extremely high trading costs on a number of sales transactions
      • The trader does not make any purchases, what goes wrong?
      • My transaction line in the Purchase transactions screen has a red cross status ?!
      • Why does the sale of my BNB transaction give an error?
      • Dashboard data does not match historical transaction history
      • The transaction is not sold while the profit percentage has been achieved
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On this page
  • Create API link for Binance
  • Actually connecting Binance
  • Connect the BitBrokerTrade Trader to Binance
  1. Exchange

Connect Binance

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Last updated 3 years ago

Create API link for Binance

After logging in to the Binance website, click on your account name (displayed with your initials, see image below).

Once you have clicked on your account name, a menu will appear.

In this menu you choose "API Management" At "Give the API key a label" enter the name of your API Key: for example "Binance BTC / EUR". Then press "Create".

A second screen now unfolds:

Enter the "API restrictions" as above image and copy the API Key with the "Copy" button. The system automatically copies the API key, so you can paste it into your account at BitBrokerTrade. The same goes for the API secret. Remember to activate the API via the email sent to you.

You can only activate the API at BitBrokerTrade after you have confirmed the confirmation email from Binance.

Actually connecting Binance

At BitBrokerTrade you first click in the left column on "Settings", then on "Exchanges" and then on "Add exchange".

Then choose "Binance" by clicking on the logo.

A new screen opens:

Copy the keys as indicated before, but click on add only when you have confirmed the confirmation email from Binance about the API Key.

When all this is done we proceed to the next step.

Connect the BitBrokerTrade Trader to Binance

Select in the trader menu "Settings" and then "Traders" and then "Add trader". the next screen appears:

Enter the following:

Name: the name of the exchange and the cryptocurrency you will be trading in: for example: Binance Bitcoin. Exchange: Choose from the menu: "Binance" Market: Choose the correct currency combination from the menu, for example: BTC / EUR Strategy: Choose the right trading strategy from the menu: BitBrokerTrade Minimal profit percentage: Here you enter the profit percentage at which the trader may proceed to a sales order. Checkbox 1: If you check this box, you can enter a maximum value above which the trader will no longer make any purchases. Checkbox 2: By placing a mark here you activate the trader.

Congratulations, your trader is working!