Maximize Profits with an Automated Binance Trading Bot

Proteryx helps users grow their cryptocurrency investments using a feature-rich terminal and proven automated bots that take full advantage of the Binance exchange platform.

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Manage all your crypto activity from a single trading interface

Automate trading

Our DCA, Grid, and Futures bots are proven performers that execute your trading strategy at scale. The market never sleeps, and neither do our bots.

Track Performance

Proteryx’ dashboard shows you exactly how your portfolio and trades are performing in real time, allowing you to optimize your strategy for maximum return on investment.

Stay Secure

Your funds are always secure because our service interfaces with your crypto exchange accounts via encrypted API keys with zero permissions to withdraw funds.

Reviews of Proteryx

“Works perfectly. Was looking for something like this for a really long time.”

– Aleksandr on

"I can finally sleep without worrying about my trades!"

– Jesse Ali on

“I was looking for a program to automate my trading strategies. Proteryx is the perfect solution.”

– Chandana on

– Chandana on

Here’s how you can add Binance to your exchange list on Proteryx

With your browser open to https://Proteryx.com/accounts, open up a new tab and follow the instructions below:

  1. Go to https://www.binance.com and log in or create a new account.
  2. Hover over the profile button in the top right corner of the Binance exchange interface and click on “API Management
  3. Named your API Key (We suggest naming it Proteryx).
  4. Click “Create API” and then enter your 2FA codes.
  5. Go to the “My Exchanges” tab on the top left and select Binance under “Connect a New exchange
  6. Add your Binance API key to Proteryx

For a more detailed list of instructions and troubleshooting, please visit our article on creating Binance API keys.

With Proteryx, your portfolio can perform in any market

For every market condition, there’s a trading strategy that can profit from it. Proteryx bots happen to be really good at reducing average acquisition costs, directly increasing your profit margins from each trade.

Use DCA Short bots to borrow and sell tokens at the current price and buy them back at a lower price

Use DCA Long bots to buy the natural dips and sell the spikes as the price rises over time, achieving a better average entry price for your positions

Use Grid bots to pick up cheaper tokens when they hit support levels and sell them when they’re close to resistance levels

Proteryx has over 160,000 active monthly users and a proven track record of empowering users to manage and grow their cryptocurrency portfolios with our platform’s unique tools. Ready to hit the ground running with a PRO trial period?

What’s the difference between Binance U.S. and Binance Global?

Good question! For U.S. users, Binance may not be the optimal choice due to low trading volume. Due to financial regulations in the U.S., Binance spun off the U.S. exchange into its own unit in 2020. Even then, it’s still not available in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, Vermont, and Washington. You can read more details in this article

What is Binance?

Binance is a crypto exchange and trading platform where users interact with a trading interface to buy and sell cryptocurrency tokens. It is one of the largest exchanges in the world, although traders in the U.S. are limited to trading on Binance.US, which has significantly smaller volume. Users can trade on Binance using any Proteryx crypto trading bot. The full suite of multi-pair bots using back-tested algorithms and third party signals, including futures bots, is available for people with a Binance global account.

What are the best bots for Binance trading and how do they work?

The best trading bots for Binance will allow multi-pair algorithmic trading that can utilize customized or preset strategies to guide the bot’s actions. The signals and indicators used to tell the bot what to do must be customizable to meet an individual user’s needs. Trading bots on Binance must be able to achieve the user’s goals in bear markets, bull markets, or sideways markets. These bots communicate with the Binance exchange via encrypted API, ensuring that they execute commands quickly and securely.

What is the best trading bot for Binance?

There is no single best trading bot for Binance, because users need bots built to specialize in specific trading categories and markets. Here are examples of automated trading bots from Proteryx and how they’re used on Binance

DCA, or Dollar Cost Averaging, is a strategy for achieving the best entry and exit points for trading positions.

On Binance, users can set up a DCA bot to take advantage of bear or bull markets. As the market goes up or down, a DCA bot can make profits by buying at specific prices and then selling the bumps.

The Proteryx Grid Bot is the ideal bot for markets where the price is bouncing between somewhat consistent resistance and support levels.

This is also known as a sideways market. A Grid Bot chooses a top line below the resistance level, a bottom line above the support level,and then starts with a line in between. As the price moves up and hits grid lines, the bot will sell a predetermined amount of a token. As the price moves down below the median line, the bot will buy a predetermined amount of a token at each grid line. When the market is doing nothing for Hodlers, traders can profit by using a Grid Bot.

Futures trading is a market-neutral strategy that can be implemented to profit from either direction of the market.

Users speculate on the future price of cryptocurrencies to create derivatives contracts that can represent the true value of an asset. There is a buyer and a seller for every futures contract. When the contract execution date is reached, the buyer must buy and the seller must sell. This is different from an options contract where, as the name implies, the buyer has the option to buy at a predetermined price but can also pay the fee and avoid making the purchas.

Choose your plan

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Beginner

$5/month

Pro

$49/month

Multi-pair DCA

Only in Proteryx

Reinvest Profit

Expert

$79/month

Multi-pair DCA

Only in Proteryx

Reinvest Profit

Sub-Accounts connection

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Beginner

$4/month

Save $12 with annual payment

Pro

$37/month

Save $144 with annual payment

Multi-pair DCA

Only in Proteryx

Reinvest Profit

Expert

$59/month

Save $240 with annual payment

Multi-pair DCA

Only in Proteryx

Reinvest Profit

Sub-Accounts connection

What are the advantages of a Proteryx Binance Trading Bot?

Our platform stands above our competitors’ as a result of its large number of automation tools and its simple and intuitive layout. While most other algorithm development tools are either too complex for anyone but a computer programmer to use or too simple to be useful, Proteryx has perfected our interface so that it is the absolute best option on the market for users from all backgrounds and levels of experience.

How to use the Proteryx trading bot on Binance?

  1. Go to Binance, log in or create an account. 
  2. Users must have a Binance Futures account.
  3. Hover over the Wallet button and click on the Futures menu item.   
  4. Hover the profile icon in the top right corner and click ‘API Management’
  5. Name the key – this helps manage keys when there are multiple 
  6. Click ‘Create API’ and enter the 2FA codes 
  7. Edit the API restrictions any enable needed permissions except for ‘Enable Withdrawals’. Click save
  8. Do not select ‘Restrict access to trusted IPs only’ as Proteryx leverages various IP addresses
  9. Click ‘Ok’ to confirm. The key will expire in 90 days. This means that every 90 days, Binance will automatically uncheck API key permissions. Users will have to re-enable these settings by editing the API key on their Binance account directly and re-check all permissions selected in the previous steps. Users do not need to create a new API key, Secret and re-link this to Proteryx every 90 days.
  10. Connect the exchange to Proteryx to do so, follow the below steps. 
    1. Go to ‘My Exchanges’ under the Proteryx dashboard
    2. Select the exchange to connect
    3. Choose a name as to recognize the exchange account as multiple can be linked
    4. Enter the API Key and Secret Key – best to do this with two browser windows open to streamline the copy and paste process
    5. Make sure not to link the same API more than once. This often confuses users during trading as it will show more available funds than accurate
    6. Add the passphrase – if users don’t see this prompt, the exchange doesn’t require it, so don’t worry. If it does, then make sure to know the unique code for the API as they are all different. 
    7. Once all boxes are filled, click ‘Connect an exchange’ the statistics page will show when it connects

Start Trading on Proteryx Today

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FAQ

Binance has a very simple flat trading fee of 0.1% per trade. This flat fee can also be discounted by using the Binance coin (BNB) to pay your fees and based on your monthly trading volume.

All clients receive a free trial for signing up!

There is no need to download software when using Proteryx. You can gain access to our trading interface directly from your browser.

There is a great step-by-step tutorial here that walks you through the development of your Binance API key and demonstrates how you use it with your Proteryx trading interface.

Proteryx uses a multi-layered security approach with APIs. 

Binance offers FastConnect, which is a method of connecting your exchange account to Proteryx that adds significant protection to your account.

We have a separate encrypted storage space called Sign Center that can sign transactions without exposing your API key, similar to Metamask.
We offer IP whitelisting so you can lock down your API key at the exchange level and prevent any trades from outside IP addresses.

Yes, Binance allows trading bots as long as those bots do not violate any of the terms and conditions for utilizing services on the Binance exchange platform. Any account in good standing can connect to their bots through the Binance API and begin executing trades. The Binance API does not allow bots to withdraw funds from the exchange, whether cryptocurrencies or fiat currency.

You trade bots on Binance with a crypto trading management platform. Once you’ve connected your Binance account via their API, you can utilize bots that your trading platform supports. You can create a bot with custom signals, or you can use presets available through the bot platform’s marketplace. Once your bot is configured, you ensure your Binance account has the correct level of funding for the cryptocurrencies you’ll be trading, and then you can activate your bot.

Trading bots can be profitable, but there are many variables that influence the performance of bots. Bots are reliable, but they will do exactly what the user instructs them to do, and no more. Bots are successful when they’re configured to take advantage of specific market conditions. Companies that provide bots, such as Proteryx, can create very reliable bots, but no one can guarantee they will be profitable if the user does not configure them in a manner that leads to profitable trades.

The best crypto trading bot is the one that executes trades quickly, reliably, and efficiently using the inputs you’ve given it. Ultimately, this depends on the preferences for individual users. Some companies compete by offering lower prices and other companies cost more but offer more reliable bots and dev teams that roll out new features frequently.