Instructions for connecting the CScalp scalper terminal to Binance for trading quarterly futures. To start setting up Quarterly Futures, a trader will need Binance's API Key and Secret, a futures wallet and CScalp installed.
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1. The size of the contract is $100 for BTC, for the rest of the cryptocurrencies $10. 2. The leverage is displayed on the exchange website and can reach x125. 3. The value of a position is calculated using the formula: value = (contract size x contract multiplier) / entry price. 4. For example: the cost of a BTCUSD Quarterly 0925 position in long is = (5 contracts x $ 100) / $ 10,000 = 0.05 BTC
Create a futures wallet on the exchange's website
In order to trade quarterly futures, you need to open a futures wallet. Detailed instruction
Important! When registering on Binance, do not forget to write down and save the "Secret Key" that you will receive in your account. The key is available for viewing only once.
1. Log in to your account on the exchange website
Log into your account on the Binance exchange website. However, they have the same "API Key" and "Secret Key". Keys are required for connecting to the platform. They play the role of a username and password.
2. Create futures wallet
At the top of the window, follow the "Wallet" - "Futures Wallet" tab.
To open a futures account, click on the "Open Now" button.
Create "API Key" and "Secret Key"
1. Follow "API Management"
Hover over the avatar icon and follow API Management section.
Important! In order to create API keys, go through intermediate or extended verification.
"API management" Section
2. Enter the name of the new key in "Give your API key a name"
Enter a name for the key in the "Give your API key label" field and click on the "API created" button.
3. Select a method to check security
Choose a way to protect your account. Without this step, the API cannot be created.
For account security, phone verification methods and a google authenticator are available.
4. Enter the verification code
If you have chosen to confirm by phone, click on "Get code" for email and phone. Then enter the received codes in the corresponding fields.
Binance Phone Verification Security Check
5. Check "API Restrictions"
After checking the security, the "API Key" and "Secret Key" window will open. Save the "Secret Key". Otherwise, you will have to create a new one.
In order to trade quarterly futures, click on "Edit Restrictions" and check the box next to "Enable futures". Then click on the "Save" button to apply. Also check the boxes next to the "Can read" and "Enable spot and margin trading" features.
Binance API Key Parameters
Important! Fund your futures wallet to trade quarterly futures. in order to top up your wallet, switch the tab to COIN-M Futures in the "Futures Wallet" section.
Note: the "Include Spot and Margin Trading" option is valid for 90 days. After the specified period has expired, you must re-enable the parameter.
Congratulations, the creation of the API Key and Private Key has been completed successfully. Now you can trade quarterly futures!
Connect CScalp to Binance (Quarterly Futures)
1. Open the "Connections" tab in CScalp
Start the CScalp drive. Click the "Settings'' button, then select the "Connections" tab. Select Binance Quarterly Futures from this tab.
2. Enter "API Key" and "Secret Key"
Enter the received "API Key" in the "ApiKey" field. In the "ApiSecret" field – "Secret Key".
Binance Connection Settings (Quarterly Futures) in CScalp
3. Connect to Binance Quarterly Futures
Click the Binance logo button. This is the activation of the connection. Upon successful authorization and access to the site, the field with the selected exchange will turn green (as in the picture).
Connection to Binance (Quarterly Futures) in CScalp completed successfully
Configuring the CScalp scalper terminal to connect Binance to quarterly futures is now complete.
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Note: you can connect multiple Binance Quarterly Futures accounts to CScalp. Read more about it here.
4. Add an order book and select a ticker
Add the new order book after CScalp setting up will be done. In order to do this, click on the appropriate icon in the lower right corner.
Click on the order book area thereafter.
In the side menu of the window, specify the connection that you want to select.
Then select a ticker from the list or search. Done, Binance Trading Ticker Selected!
How to disable "view mode"
The View mode is enabled in the connection settings. Turn off this mode in order to trade.
How to fix the "Waiting for portfolio" error
Make sure you entered the Secret API key correctly, or recreate the keys on the exchange and re-enter them in CScalp.
How to fix "Invalid API-key, IP, or permissions for action"
Check the correctness of the ApiKey and ApiSecret entries, make sure that there is a check mark next to the "Enable futures" item in the exchange's personal account. Recreate the keys and the problem is resolved. Better to recreate through another browser (sometimes errors occur when creating through Google Chrome).
How to adjust leverage
You cannot manage leverage in CScalp, it can only be done in the personal accounts of the exchange / brokers.
An error occured "Way too many request; IP(x.x.x.x) banned until 1612190211762. Please use the websocket for live updates to avoid bans".
To fix the problem, temporarily use a connection to the exchange server without a proxy.
AVBINVEST LTD. is engaged in the development of financial software. The company owns the rights to the programs CScalp, Privod Bondar, FSR Launcher and others. The company is not involved in exchange operations and activities subject to licensing.