Trading Bots Account: Migration Rules and Frequently Asked Questions
2023-04-27 11:55
Guidance
Frequently Asked Questions
Trading Bots Account Guide
What is the Trading Bots Account?
Binance has introduced a unified Trading Bots Account to improve the experience for Spot grid trading users. This new account keeps your funds for trading bots separate from your Spot accounts. You can easily access and manage all your trading bot activities in one place.
Additionally, grid orders created by trading bots are separated from your Spot trading orders. This provides a more streamlined and efficient trading experience, giving you better visibility and control over your trading activities.
Orders migration from Spot accounts to Trading Bots Account
All new trading bot orders, including Spot Grid are automatically opened from the Trading Bots Account. This migration does not affect existing running grids. After terminating an existing grid, you can create a new bot trading strategy from the Trading Bots Account.
All past and new Spot DCA orders are also migrated to the Trading Bots Account.
How to access your Trading Bots Account?
Log in to your Binance account and hover over the [Wallet] icon. Click on [Trading Bots] from the dropdown menu. You’ll see an overview of your assets allocated to the supported trading bots in your Trading Bots Account. To view your running trading bot orders, go to the [Running] tab.
How to place new trading bot orders from the trading bots interface?
1. To place new trading bot orders, go to the Trading Bots interface and click [Trade Now].
2. Select the trading bot you wish to use and go to [Manual] on the right panel. Enter the parameters and click [Create] to place the order.
How to check my trading bots orders?
To view your running orders, select a trading bot and go to the [Running] tab located below the candlestick chart.
You can also view your trading bots’ order history by selecting the [History] tab.
Alternatively, hover over the [Profile] icon and click [Orders] from the Spot trading interface. Click [Trading Bots Order] to view your open orders, order history, and trade history generated by the trading bots.
How to transfer funds from my Spot Wallet to the Trading Bots Account?
You cannot manually transfer assets between your Spot trading accounts and the Trading Bots Account. When you create a trading bot, such as a Spot Grid bot, the system automatically transfers the required funds from your Spot Wallet to the Trading Bots Account. Similarly, when you end a Spot Grid bot, the system automatically transfers the funds back to your Spot Wallet.
For Spot trading bots (including Spot Grid, Spot DCA):
When the bot starts, the system will automatically transfer the required funds from your Spot Wallet to your Trading Bots Account. Please note that the assets transferred to the Trading Bots Account will be locked during the bot’s operating period.
When the bot ends, the system will automatically transfer the locked assets back to your Spot Wallet. Please note that the system will initiate the transfer approximately 30 seconds after the grid ends.
You can view the transaction history by navigating to [Orders] - [Trading Bots Order] - [Transaction History]. Then, select [Spot].
How to calculate the transferable funds?
1. Calculate your grid PNL for the symbol (symbol_grid_PNL):
Note: Profit and loss will be generated when the position is closed, and the amount that can be transferred is subject to the final result.
How to enjoy a BNB fee deduction when trading with trading bots?
You can enjoy a 25% discount for Spot bots (including Spot Grid and Spot DCA) on standard trading fees when you choose to pay the fees with BNB. For more details, please refer to How to Use BNB to Pay for Fees and Earn 25% Discount? You will first pay for the standard trading fee from the Trading Bots Account and receive the trading fee refunds in your Spot Wallet (if you use a Spot bot). To check your BNB fee history, go to [Orders] - [Trading Bots Order] - [Fees Return History].
Please ensure you have enough BNB in your Spot Wallet (for Spot bot trading) to cover the trading fees. Without sufficient balance, you will not receive the 25% or 10% trading fee rebate. For more details, please refer to How to Use BNB to Pay for Fees and Earn 25% Discount.
Updated Trading Bots Rules
Certain trading rules will be affected by the Trading Bots Account migration, particularly for Grid Trading. For comprehensive details, please refer to each trading bot’s FAQs.
Grid trading rules updates post migration
Spot grid profit calculation:
Total Profit = Current Value - Initial Investment. This is the net gain/loss from spot grid trading.
Grid Profit = The realized profit from filled grid orders matched by one buy and one sell order, with trading fees already deducted.
Floating Profit = Total Profit - Grid Profit. This is the floating profit/loss caused by market price changes in the base currency.
Trading Bots Account
1. Do I need to re-create my existing trading strategies in the Trading Bots Account?
No, the existing trading strategies in your Spot trading accounts will continue to run until you stop them. You can create new trading strategies from the Trading Bots Account.
2. What happens to the existing running grids?
Existing running grids will not be affected by the Trading Bots Account migration. After terminating a grid, you can create a new one in the Trading Bots Account.
3. Can I still use the Spot trading accounts for trading bots?
The Trading Bots Account is designed to provide a more efficient trading experience by optimizing the management and execution of trading bots and strategies. You can only create new trading bot orders in your Trading Bots Account.
4. Is there a cut-off day for my existing trading bot orders?
No, there is no cut-off for existing trading bot orders. The migration will not affect pending trading bot orders and positions initially opened from your Spot trading accounts.
5. Can I transfer funds between the Spot trading accounts and the Trading Bots Account?
No, you cannot manually transfer assets between your Spot trading accounts and the Trading Bots Account. When you create a trading bot, such as a Spot Grid bot, the system will automatically transfer the required funds from your Spot Wallet to the Trading Bots Account. Similarly, when you end a Spot Grid bot, the system will automatically transfer the funds back to your Spot Wallet.
6. How are the trading fees calculated?
Spot grid trading follows the Spot market trading fee rate. Please refer to the Trading Feepage for more details.
7. What are base and quote currencies?
Base and quote currencies are the basic units of a trading pair. The quote currency determines the value of the base currency. For example, in the BNB/BTC trading pair, BNB is the base currency and BTC is the quote currency.
Register to get rewards
Register Now - Get up to 100 USDT in trading fee rebate (for verified users)