HOW TO CONNECT CSCALP TO BINANCE QUARTER FUTURES

Date of update: 16.08.2023
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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How to set up the connection (briefly)

Features of Binance Quarterly Futures

Quarterly futures are available as a separate connection in CScalp.

The first added instrument is BTCUSD Quarterly 0925. The name stands for the following:

• BTCUSD - underlying asset
• Quarterly 0925 - Expiration Indicator

Features:

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

Open the ‘’Wallet tab’’, then the ‘’Futures Wallet’’ tab.
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Determine the amount of leverage for the account. Choose from three options.
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Click on the button 'Open Futures Account.' If you have a new account, we recommend creating your account through our referral link to get the maximum discount for spot and futures platforms on Binance

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.
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"API management" Section

2. Enter the name of the new key in "Give your API key a name"

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. 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.
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Binance Phone Verification Security Check

4. Check "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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To trade futures, you need to "enable" a special parameter on the exchange's website called "Enable Futures". You can adjust this parameter from your account.


Click "Edit restrictions". Add a parameter to the key that is responsible for trading on Binance. Check the box for "Enable Futures" and click "Save".


Make sure to check the box for "Enable Spot and Margin Trading".


Don't forget to fund your USDS-M futures wallet for trading. You can transfer funds to the futures wallet from the "Fiat and Spot Wallet" or the "Deposit Wallet". Instructions on how to deposit funds on Binance can be found here.


Congratulations, you have created an "API Key" and "API Secret". Now we move on to connecting CScalp to Binance Futures.

Note: The "Enable Futures" 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.

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.

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".
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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).
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Connection to Binance (Quarterly Futures) in CScalp completed successfully
Configuring the CScalp scalper terminal to connect Binance to quarterly futures is now complete.

If you need help learning scalping, then Our free course will help you figure it out!

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.
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Click on the order book area thereafter.
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In the side menu of the window, specify the connection that you want to select.
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Then select a ticker from the list or search. Done, Binance Trading Ticker Selected!

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.

Common questions

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