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Complete guide to Binance bots via API
The Binance API allows you to automate trading using built-in bots. In this article, we will discuss what bots are available on Binance, how to set them up, and which strategies work best.
(all listed bots work on spot within Binance. These are official Binance spot bots that can be set up without third-party services)
1. What bots are available on Binance?
Main types:
1.1. Grid Bot (Grid Trading Bot) has been repeatedly mentioned in articles, is in the profile.
Works on the principle of a grid of orders.
Buys at lower levels, sells at upper levels.
Good for a flat market (when the price moves within a range).
When to use?
If the price fluctuates within a certain range.
If you want to earn on small movements.
Example settings:
1. Select trading pair BTC/USDT.
2. Set the lower limit (for example, 88,000) and upper limit (90,000).
3. Determine the number of levels (for example, 10 orders).
4. The bot will automatically set the grid.
1.2. DCA Bot (Dollar-Cost Averaging Bot)
Buys the asset as the price decreases.
Allows you to average the entry into the trade.
Suitable for long-term investments.
When to use?
If you want to accumulate an asset without strong risks.
If you believe in the long-term growth of the coin.
Example settings:
1. Select BTC/USDT.
2. Set the size of the first purchase (for example, 100 USDT).
3. Specify the averaging step (for example, every -2%).
4. Determine the number of averaging (for example, 5 times).
5. Set take profit target (for example, +5%).
1.3. TWAP Bot (Time-Weighted Average Price Bot)
Buys or sells the asset in equal parts over time.
Used for large deals, to not move the market price.
When to use?
If you want to buy or sell a large volume without price jumps.
If you want to trade without strongly influencing the market.
Example settings:
1. Select BTC/USDT.
2. Specify the amount you want to buy (for example, 1000 USDT).
3. Set the execution time (for example, 1 hour).
4. The bot will automatically split the deal into equal parts.
1.4. VP bot (Volume Participation Bot)
Buys or sells an asset proportionally to market volumes.
Works on the principle: the higher the volume – the more trades.
When to use?
If you want to follow large players.
If you want to enter the market without sharp movements.
Example settings:
1. Select BTC/USDT.
2. Specify the percentage participation in volumes (for example, 5% of the market).
3. The bot automatically trades depending on liquidity.
1.5. Iceberg Bot
Splits a large order into several small ones, hiding the real volume.
Used to avoid attracting the attention of market makers.
When to use?
If you want to hide your large order.
If you trade large sums and do not want to move the market.
Example settings:
1. Select BTC/USDT.
2. Specify the total order volume (for example, 50,000 USDT).
3. Determine the size of hidden parts (for example, 5,000 USDT).
4. The bot automatically splits orders and places them secretly.
1.6. Trailing Stop Bot
Allows you to hold profits and minimize losses.
Moves the stop-loss as the price rises.
When to use?
If you want to protect profit when the price rises.
If you don’t want to manually move the stop-loss.
Example settings:
1. Select BTC/USDT.
2. Specify the activation level (for example, 88,500).
3. Set the trailing distance (for example, 2%).
4. If the price rises, the stop-loss will automatically move.
2. How to create an API key on Binance?
Before setting up the bot via API, you need to create an API key.
Steps:
1. Go to the [API management panel](https://www.binance.com/ru/my/settings/api-management).
2. Click ‘Create API key’.
3. Choose ‘System-generated API’.
4. Give the key a name (for example, "Trading_Bot").
5. Confirm via email and 2FA.
6. Copy API Key and Secret Key – the second is shown only once!
‼️ IMPORTANT:
Disable fund withdrawal in API.
Only leave permission for trading (SPOT & Margin Trading).
3. How to launch the bot on Binance?
After creating the API key, you can launch the bot.
Steps:
1. Go to the Binance Trading Bots section.
2. Choose the type of bot (for example, Grid bot).
3. Enter parameters (prices, steps, limits).
4. Connect the API key to the bot.
5. Start trading.
4. Errors when working with bots
🔴 Launching the bot without testing – first check the strategy on a small deposit.
🔴 Ignoring API security – do not give keys to third parties.
🔴 Incorrect bot choice – for example, grid bot works poorly in a strong trend.
🔴 No stop-loss – if the market goes against you, the bot cannot protect the deposit.
Binance offers several built-in bots: Grid, DCA, TWAP, Iceberg, and Trailing Stop. You can automate trading through the API, without third-party services.
Grid bot is best for a flat market, DCA is for long-term, Trailing Stop is for profit protection.
It is important to monitor API settings and not give access to fund withdrawals.
If you have questions about the settings – write! Or better join #You_Crypto_Wave
#bot_trading #Binance #Write2Earn #BinanceSquareTalks