Binance Spot Trader FAQs

Question 1

How do I get started with the Binance Spot Trader?

Accepted Answer

Clone the repository, install the dependencies using `pnpm install`, configure your Binance API keys in a `.env` file, build the server using `pnpm build`, and then start it with `pnpm start`.

Question 2

What kind of orders can I execute?

Accepted Answer

You can execute both LIMIT and MARKET orders through the API. The `createSpotOrder` function supports specifying the order type, symbol, side (BUY or SELL), quantity, and price (for LIMIT orders).

Question 3

How does it handle API key security?

Accepted Answer

The tool provides functions to securely configure and store your Binance API credentials. It's crucial to follow security best practices like using environment variables and restricting API key permissions.

Question 4

What is the Binance Spot Trader?

Accepted Answer

It's a TypeScript interface designed to automate Binance spot trading operations. It allows you to programmatically manage your trades, monitor balances, and handle potential errors.

Question 5

What error handling is included?

Accepted Answer

The tool includes error handling for common trading scenarios, such as insufficient balance, rate limits, and invalid order parameters. This allows you to build more robust trading strategies.

Binance Spot Trader

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