HOW TO CONNECT CSCALP TO BINANCE

Date of update: 16.08.2023

This is an instruction for configuring the connection of CScalp to the Binance cryptocurrency exchange. Before starting the setup, install CScalp and prepare the Binance account you are going to trade on.

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How to set up a connection (short)

Here is a video tutorial and text instructions below.

Create the API Key and Secret Key

Log in to your account on the Binance exchange website. Now you need to create the API Key and Secret Key. These are analogs of the username and password in crypto exchanges.
Important! In order to create API keys you should complete Intermediate or Advanced identity verification.

1. Go to "API Management"

Click on the avatar sign (as shown in the screenshot below) and then click on the "API Management" button.
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2. Enter the name of the new key in "Give the API key a label"

On Binance, you can create two types of keys - HMAC and RSA. HMAC keys are regular API keys generated by the exchange, while RSA keys must be created by yourself. Instructions on how to create RSA keys and connect CScalp to Binance using them can be found here. In this article, we will cover the option of creating API keys through the exchange.

On the opened page, click "Create API", select "API Key generated by the system", and click "Next".
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In the field 'Label API Key to proceed' enter the name of the new key. Then click 'Next'
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3. Get a verification code

In the window that opens, click the "Send code" button. An SMS message with a code will be sent to the specified number. Enter the SMS confirmation code in the bottom field of the window. Do the same with the confirmation code from the mail
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Or choose Google Authentication and then enter the code from Google Authenticator (you need to download the application on your phone) and the confirmation code from the mail.
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4. Сheck "API restrictions"

After confirming the security check, you will see your "API Key" and "API Secret". Copy the Secret key to enter it in CScalp.

When setting trading permissions, there are two options: with IP binding and without binding. To set trading permissions without IP binding, you need to uncheck the security control elements activation checkbox.
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A window will appear to confirm the refusal of the exchange keys in the Collection of API keys without binding to an IP address.


Check the box and click "Confirm"

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After that, click "Confirm" again in the "Risk Warning" window.

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Click "Edit restrictions". Add a parameter to the key that is responsible for trading on Binance. Check the box for "Enable Spot & Margin Trading" and click "Save".
Note: The "Enable Spot & Margin Trading" parameter is active for 90 days if no trusted IP address is specified. After this period, you will need to enable the parameter again.
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To edit key permissions with an IP address binding, you need to first find out your IP address. This can be done through specialized websites, such as 2ip.ru.

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After that, on the Binance website, when editing restrictions, check the box for "Allow access only from trusted addresses." Enter the IP address in the corresponding field and save it.

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Note: that if you have a dynamic IP address, it will change when you restart your router. You will need to change the address in key permissions again. To avoid this, you need to connect a static IP, which is a service provided by your internet service provider.

Connect CScalp to Binance

1. Open the Connections tab in CScalp

Launch CScalp. Open the "Settings" tab. Click on the gear opposite Binance: Spot. A list of fields appears. In the "View Only" field, change "Yes" to "No".
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2. Enter the API Key and Secret Key

Enter in the field "ApiKey" your "API Key" and in the field "ApiSecret" your "Secret Key" that you received when registering on the Binance exchange.
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3. Choose your wallet and base cryptocurrency

On the Binance exchange, you can use the "Exchange" and "Margin" wallets for trading. "Margin" is a wallet for trading in which you can borrow money from the exchange. Important: on the Binance exchange, when using the "Margin" wallet, traders take credit from the exchange.
"Exchange" is a classic exchanger. With it, you change the base cryptocurrency to another cryptocurrency. To do this, in the "Settings" section, you choose not only the wallet type, but also the base currency.
The base currency is the one that you change to get a different currency.
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4. Connect to Binance

Click the button in the form of the Binance logo, this is the activation of the connection.
Upon successful authorization and if the site is available, the field with the selected exchange will turn green (as in the picture).
The tab in the settings, which contains the exchanges and menus for connecting to them.
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Setup of CScalp for the Binance exchange is completed.

Make Your First Trade

Congratulations, you can start trading now! Visit our “How to Make the First Trade” article, to learn about the next steps.

Join the CScalp Trading Community

Join our official trader’s chat. Here you can communicate with other scalpers, find trading soulmates and discuss the market. We also have an exclusive chat for crypto traders!

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If you have any questions, just contact our platform’s support via Telegram at @CScalp_support_bot. We will respond in a matter of seconds.

You can also visit our Discord channel and subscribe to the CScalp TV YouTube channel.

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