Binance FAQs

Question 1

How does the server handle security and authentication?

Accepted Answer

The server uses Binance's HMAC-SHA256 signature authentication. API keys and secrets are managed via environment variables for security. It automatically generates signatures and handles timestamps for private endpoints, with best practices like IP whitelisting and limited API key permissions recommended.

Question 2

What is the Binance MCP Server?

Accepted Answer

The Binance MCP Server is a Model Context Protocol (MCP) server designed to connect Claude Desktop directly to the Binance Spot API. It enables AI-driven programmatic trading, market data retrieval, and account management through natural language commands.

Question 3

Can I use the Binance MCP Server without API credentials?

Accepted Answer

Yes, if no API credentials are provided, the server operates in 'NoAuth' mode. In this mode, you can still access public Binance endpoints for market data and ticker information, but private account or trading operations will not be available.

Question 4

How does it integrate with Claude Desktop?

Accepted Answer

Integration is achieved by configuring Claude Desktop's `mcpServers` setting. You provide the absolute paths to the server's Python interpreter and script, allowing Claude Desktop to communicate with it for Binance-related queries and actions.

Question 5

What Binance API functionalities does it offer?

Accepted Answer

It provides full access to Binance Spot API endpoints, supporting both public data (e.g., current prices, order books) and authenticated operations (e.g., account balances, placing limit/market orders). It also handles automatic signature generation for secure transactions.

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