Binance

Binance is the world's largest cryptocurrency exchange, supporting spot and perpetual futures trading.

Planned coverage

• ❌ Stocks
• ❌ Options
• 🔜 Cryptocurrency, spot (coming soon)
• 🔜 Crypto futures, perpetuals (coming soon)

Account Types

• Live Trading - Real cryptocurrency trading. This will be the only mode Nyria offers on Binance

There will be no Binance paper connection on Nyria, and Binance Testnet is not planned as a selectable environment. Crypto strategies run on Nyria Paper today, which covers both spot and perpetuals.

Connecting Binance

Planned, once the integration ships:

1. Click Integrations in the left sidebar
2. Find Binance in the Brokers grid and click its card
3. Click Connect live account
4. Enter your API Key and Secret
5. Grant required permissions (Read, Trade)

Every step is in the Binance setup guide.

Planned features

Spot Trading

Trade cryptocurrencies directly:

• Buy and hold crypto assets
• Fractional quantities supported
• No leverage, no liquidation risk

Perpetual Futures

Leveraged positions with no expiration:

• Long and short positions
• Customizable leverage per direction (1x-125x)
• Funding rates apply every 8 hours
• Liquidation risk based on leverage

Supported Pairs

The integration is planned to cover USDT and USDC pairs:

• USDT Pairs - BTCUSDT, ETHUSDT, SOLUSDT, etc.
• USDC Pairs - BTCUSDC, ETHUSDC, SOLUSDC, etc.

Leverage Configuration

For perpetual futures strategies, set leverage per direction:

• Long Leverage - Applied when opening long positions
• Short Leverage - Applied when opening short positions

Leverage is set automatically when placing orders. Higher leverage = higher risk of liquidation.

Leverage Examples

Conservative (2x-5x):

• Lower liquidation risk
• Smaller position size
• Suitable for swing trading

Moderate (10x-20x):

• Balanced risk/reward
• Medium position size
• Suitable for day trading

Aggressive (50x-125x):

• High liquidation risk
• Large position size
• Suitable for scalping only

Position Sizing

Crypto supports fractional quantities:

• Fixed $100 budget with BTC at $50,000 = 0.002 BTC
• Order size is derived from your bot's dollar budget at the price on the alert
• Minimum order size varies by pair (typically $10-20)

Symbol Formatting

Symbol rewriting is planned to be automatic:

• Your Alert: BTC, BTCUSD, or BTCUSDT
• Binance API: BTCUSDT (no separators)

For strategies with multiple pairs (both USDT and USDC), specify the exact pair in alerts.

Fees

• Spot Trading - 0.1% maker/taker (varies with VIP level)
• Futures Trading - 0.02% maker, 0.04% taker
• Funding Rates - Paid/received every 8 hours on perpetual positions

Limitations

• No stock or options trading
• Minimum order sizes per pair
• Rate limits on API calls
• Leverage limits vary by pair

Troubleshooting

"Insufficient balance"

Check your available USDT/USDC balance. For futures, ensure you have enough margin for the leveraged position.

"Invalid symbol"

Ensure the crypto pair is supported on Binance and matches your strategy's selected instruments.

"Leverage not set"

For futures strategies, ensure leverage is configured in strategy settings. Default is 1x if not specified.

"Liquidation price too close"

Your leverage is too high for the current market conditions. Reduce leverage or increase margin.

Security

• Store API keys securely
• Use IP whitelist if available
• Enable 2FA on your Binance account
• Regularly rotate API keys
• Monitor for unusual activity

Next Steps

• Create a Crypto Strategy
• Understanding Crypto Trading