How to Connect Binance
How to Connect Binance
Binance is one of the largest crypto exchanges in the world. This guide walks you through creating a read-only API key on Binance and connecting it to TraderNest to sync your futures trades automatically.
Create Your Binance API Key
Log In to Binance
Go to binance.com and log in to your account. Make sure you are on the real Binance website and not a phishing site.
Navigate to API Management
Hover over your profile icon in the top-right corner and click "API Management". You can also navigate directly to binance.com/en/my/settings/api-management.
Create a New API Key
Click "Create API". Select "System generated" as the key type (not "Self-generated"). Enter a label such as "TraderNest".
Complete Security Verification
Binance will ask you to verify via email, SMS, and/or authenticator app. Complete all required verification steps.
Edit API Restrictions
After the key is created, Binance opens the API detail page. Click "Edit restrictions" to configure permissions:
- Enable Reading — This should be enabled by default. It allows TraderNest to read your account and trade data.
- Enable Futures — Check this option to allow reading of your futures trade data.
- Enable Spot & Margin Trading — Leave unchecked.
- Enable Withdrawals — Leave unchecked.
- Enable Internal Transfer — Leave unchecked.
Set IP Access Restrictions
Binance strongly recommends restricting your API key to specific IPs. Select "Restrict access to trusted IPs only" and enter TraderNest's server IP address (shown in the TraderNest connection dialog at Settings > Exchanges > Add Exchange > Binance). If you do not set an IP restriction, Binance may periodically disable your API key for security reasons.
Copy Your API Key and Secret
Copy the API Key and Secret Key. The Secret Key is only shown once at the time of creation. Store both values securely.
Connect in TraderNest
Add Binance in TraderNest
In TraderNest, go to Settings > Exchanges > Add Exchange and select Binance.
Enter Your Credentials
Paste your API Key and Secret Key into the corresponding fields.
Click Connect
Click "Connect". TraderNest will verify your credentials and begin syncing. Remember that the initial sync pulls approximately the last 7 days of trade data. All new trades going forward will be synced automatically.
Troubleshooting
- "Invalid API Key" error — Confirm the key and secret are correct and that the key has not been deleted or disabled on Binance.
- "IP not whitelisted" — Binance requires IP whitelisting for API keys. Add TraderNest's server IP to your key's trusted IP list.
- API key auto-disabled — Binance may disable API keys that have no IP restriction after 90 days. Always set an IP whitelist.
- Only 7 days of trades — This is a Binance API limitation for the initial sync. Going forward, all trades are tracked in real time. For older data, export a CSV from Binance and import it into TraderNest.
- No futures trades appearing — Ensure "Enable Futures" is checked in your Binance API restrictions. If you only have spot trades, TraderNest will not import them.
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