Krypto-trading-bot: support for Binance

[frndxyz]

can you please add binance support in bot?

thanks..

[donaldforest]

Why Binance?
I mean not so low fees, no Web Socket API + API restrictions by amount of reads\operation per second.

https://github.com/ctubio/Krypto-trading-bot/issues?utf8=%E2%9C%93&q=binance

[donaldforest]

In any case we need Binance too.

[donaldforest]

I with you! ;)

[jwvanderbeck]

Not so low fees? Binance has some of the lowest fees I've seen.

Anyway I'm just poking my nose into the world of trading bots, but since I'm a programmer I might take a look at doing this after some more research to see if this is the bot I want to learn. Assuming the project isn't against adding Binance support.

[donaldforest]

@jwvanderbeck Will be cool, but adding new exchange to K bot its not opensource part of project. :(

[tuxitor]

@ctubio, I will give you a few reasons to why it is worthwhile to implement a Binance interface.

• According yo Coinmarketcap, last 24 hours Binance has a trading volume of nearly 1.2 billion USD, which is 4 times that of Bitfinex. https://coinmarketcap.com/exchanges/volume/24-hour/
• They have low fees ranging from 0.05% to 0.1%
• Draw users that already are trading on Binance
• An idea about how you can benefit even more from Binance by introducing a new license alternative.

On a typical day Binance trades around 1.2 billion USD (1,200,000.000) within 24 hours. How much Binance keep in their own pockets for this is impossible to tell exactly, but the trading fee is in the range 0.05% to 0.1% which gives Binance the average profit on a beautiful day something between 600.000 and 1.2 million USD.

The idea is how you can sqeeze a little bit out of Binance's insanely hight profits. The referral option on Binance can be very profitable. You can benefit from their referral program by having referral "friends" and give them the license for free. With this license option you can have a lot more bot users by hanging this carrot in front of them. Some of the bot users already have an account, but it is deadly easy to create a another new account by only have an email address, refer to you as "friend" and let your bot generate steady income. You will then get 20% of the referral friends fee directly into your account. The more trading the bot does, the more profit from the referral friends. This will generate referral comission as long as the bot runs. It's a win/win situation. From this screenshot you can see how much the top performers get from comission. You can also see what I have got up to now in short time with only 7 referral friends not using bots.

[serzhiio]

Man, you made great Binance advertisement. Please consider that this bot is
for market making and Binance offer nothing to this type of traders. There
is no difference between makers and takers. Binance has slow API that
refreshes only one time in a second. There are a lot more cons about
binance, but its good exchange for mid to long term strategies.

сб, 7 июля 2018 г., 11:10 tuxitor [e-mail]:

@ctubio https://github.com/ctubio, I will give you a few reasons to why
it is worthwhile to implement a Binance interface.

• According yo Coinmarketcap, last 24 hours Binance has a trading
  volume of nearly 1.2 billion USD, which is 4 times that of Bitfinex.
  https://coinmarketcap.com/exchanges/volume/24-hour/
• They have low fees ranging from 0.05% to 0.1%
• Draw users that already are trading on Binance
• An idea about how you can benefit even more from Binance by
  introducing a new license alternative.

On a typical day Binance trades around 1.2 billion USD (1,200,000.000)
within 24 hours. How much Binance keep in their own pockets for this is
impossible to tell exactly, but the trading fee is in the range 0.05% to
0.1% which gives Binance the average profit on a beautiful day something
between 600.000 and 1.2 million USD.

The idea is how you can sqeeze a little bit out of Binance's insanely
hight profits. The referral option on Binance can be very profitable. You
can benefit from their referral program by having referral "friends" and
give them the license for free. With this license option you can have a lot
more bot users by hanging this carrot in front of them. Some of the bot
users already have an account, but it is deadly easy to create a another
new account by only have an email address, refer to you as "friend" and let
your bot generate steady income. You will then get 20% of the referral
friends fee directly into your account. The more trading the bot does, the
more profit from the referral friends. This will generate referral
comission as long as the bot runs. It's a win/win situation. From this
screenshot you can see how much the top performers get from comission. You
can also see what I have got up to now in short time with only 7 referral
friends not using bots.

[image: image]
https://user-images.githubusercontent.com/26491085/42408383-2afb06fa-81cc-11e8-9d96-1a75d63f6aba.png

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[KaseMaster]

Pues yo me sumo a la solicitud del amigo @ctubio Binance es uno de los intercambios donde suelo operar yo y toda la gente que conozco en trading. Una lástima.

Por otro lado, el bot es un excelente trabajo!! Y una gran ayuda al nacimiento de la nueva economía y a la LIBERTAD.
Un saludo a tod@s!

[ctubio]

binance have many limitations, for example 100000 orders per day.

at 500 orders per minute, if you open the bot when you go to bed, you will be banned before you wake up

at 100 orders per minute, if you open the bot when you go to bed, if you wakeup and go to office without stopping the bot, you will be banned before you come back home

[ctubio]

see https://api.binance.com//api/v1/exchangeInfo

and https://github.com/binance-exchange/binance-official-api-docs/blob/master/rest-api.md#limits:

violating rate limits = IP ban 3 days.

i just need to say that usualy exchanges ban users 30 seconds.. (while having no stupid limits)

[ctubio]

only i will consider binance if they move the order place/cancel request to the WS API (currently they only have the order status response if im not wrong; like FCoin,,); i really dont wanna add more slow REST API exchanges like Poloniex/Kraken/Korbit/FCoin.. (too many accmulated deceptions xD)

(:bulb: feel free to spam their support inbox with this requirement; for binance or any of the above slow exchanges)

[ctubio]

ws docs at https://github.com/binance-exchange/binance-official-api-docs/blob/master/web-socket-streams.md but sadly is just for market data, not for orders

[ctubio]

:koala: done since https://github.com/ctubio/Krypto-trading-bot/commit/19361ee7436bfaa35252be78e5689d346d7ef103