Trading Bots Account: Migration Rules and Frequently Asked Questions

2023-04-27 11:55

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].

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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.

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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.

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You can also view your trading bots’ order history by selecting the [History] tab.

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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.

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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].

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How to calculate the transferable funds?

1. Calculate your grid PNL for the symbol (symbol_grid_PNL):

  • symbol_grid_PNL = initial investment + matched profit + unmatched_PNL + sum(funding_fee) + sum(commission_fee)

2. Determine the transferable amount when the grid ends:

  • Transferable amount = min(current_grid_account_maxWithdraw, 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.

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