How to create and bind API interface? Binance Quantitative Trading API Permission Settings Precautions

To create an API key, you need to log in to Binance and complete 2FA, enter the API management page to create and securely save the Key and Secret; when binding to the quantitative platform, configure the key, set the IP whitelist and test the connection; the read permission is enabled by default but can be turned off to reduce the risk of leakage; transaction permissions need to be authorized with caution, high-risk operations are disabled and the IP whitelist is mandatory; the IP whitelist must be filled with stable public IPs, and the signature interface call is verified after taking effect.

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1. Basic process of creating API key

After logging in to your account on the Binance official website, enter the API management page and generate a dedicated API key through identity verification. This key is used by the program to call transaction, market and other interfaces and must be kept strictly.

1. Visit the Binance official website and complete the two-factor authentication (2FA) login.

2. Click the avatar in the upper right corner and select [API Management] to enter the settings page.

3. Click the [Create API] button, fill in the remark name, and check the required IP whitelist option.

4. The system generates the API Key and Secret Key. The Secret Key is only displayed once and must be safely saved immediately .

2. Method of binding API to quantitative strategy platform

Configure the generated API key into the quantitative framework so that the program can call the REST or WebSocket interface provided by Binance to obtain real-time data and execute instructions.

1. Open the quantitative trading platform or the Python script environment running locally.

2. Fill in the API Key and Secret Key fields in the configuration file or initialization parameters.

3. If you enable the IP whitelist, make sure that the server exit IP has been added to the Binance API binding list .

4. Test the connection using the /public API endpoint (such as getting the server time) to confirm that the basic communication is normal.

3. Enabling and Restricting Read Permissions

Read permission allows the program to obtain read-only information such as account balances, order history, market conditions, etc. It does not involve asset changes, and the risk is low but information leakage needs to be prevented.

1. [Read permission] is turned on by default when creating an API, and can be turned off separately on the API management page.

2. If the strategy only requires K-line or depth data, disabling account-related read permissions can reduce the potential impact of key leaks .

3. Check the permission switch status on the API details page to ensure that the [Spot Trading] or [Margin Trading] permissions are not accidentally enabled.

4. Authorization control of transaction permissions

Trading permissions give the API the ability to place orders, cancel orders, query activity orders, etc. After being enabled, strict risk control logic must be used to avoid losses caused by misoperations.

1. Check [Spot Trading] or the corresponding contract type permission on the API creation page.

2. It is prohibited to assign high-risk permissions such as "Delete All Orders" to automated strategies .

3. Enable [IP whitelist only] and bind a fixed export IP to prevent off-site transactions after key theft.

5. Configuration and verification of IP whitelist

IP whitelist restricts APIs to only initiate requests from specified IP addresses, which is one of the core security mechanisms to prevent key abuse.

1. When creating an API or editing an existing API, enter the server's public IPv4 address (supports single IP or CIDR format).

2. If you use cloud services, you need to confirm whether the elastic IP assigned by the cloud vendor is stable to avoid API failure due to IP changes .

3. After saving, wait for about 2 minutes for it to take effect, and then use the curl command to test whether the signed private interface call returns a successful response.

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