How to trade on Binance
If you have accounts on multiple exchanges, you can connect and manage them all on Cryptowatch.
You can connect your exchange accounts by generating API keys on the exchange site, then plugging those keys into Cryptowatch’s Exchange Keys page. See this article for some tips on API key security, if you haven’t already.
Cryptowatch is a one-in-all platform for traders. You can trade directly on the charts, customize powerful indicators and overlays, and manage your multi-exchange portfolio. Our alerts system lets you set SMS or email alerts for price and volume directly on the charts.
In Cryptowatch, click the My Account button in the top-right corner, then select Exchange Keys from the menu:
The Exchange Keys page is where you can plug in API keys from trading- and portfolio-enabled exchanges into Cryptowatch:
Cryptowatch connects to your exchange accounts using the public and private keys generated by the exchange. API keys generally come in pairs — one public key, and one private (like a crypto wallet). As you will see soon, these keys can be set up to allow or disallow different actions.
You can open Binance in another window and sign in, or click the “Generate key here” button in the Binance square on the Exchange keys page. Enter your Binance.com credentials on the login screen to create a new API key.
Alternatively, you can reach the API page on Binance.com by clicking on your profile icon in the top-right of the page after signing in, and choosing API Management:
If you click the “Generate Key here” on Cryptowatch a new Binance page will open:
It helps to give your key a label relevant to its purpose — like “Cryptowatch”.
When you click “Create new key” Binance will prompt you to enter your Google Authenticator 2FA code. When the code is received Binance will send you an email with an activation link.
Click “Confirm New API key” to continue. You will be taken to a window displaying both your public and private API keys:
Though the warning here says “Store your Secret Key somewhere safe”, Cryptowatch does not recommend you back up API keys at all. Doing so exposes your account to unnecessary risk.
To be able to trade on Cryptowatch you will need to select “Read Info” and “Enable Trading” permissions in your API key. Withdrawals are not possible through Cryptowatch — leave “Enable Withdrawals” un-checked.
Do not enable IP Access Restriction — this feature is currently unsupported by Cryptowatch.
Copy and paste the Secret Key into Cryptowatch now — Binance will hide the key if you leave the page. If that happens, you will have to delete the key and start over.
Next, copy and paste in the key labeled “API key”. Cryptowatch will then automatically attempt a connection to your Binance.com account.
If an error occurs, you must delete the API key in Binance and try again with a new key.
If your Binance box on the exchange keys page changes color and looks like the image above, the connection was successful:
If you received an Invalid Key, Unprivileged Key, Key Not Exclusive, or Unhandled error, visit the How to connect exchange accounts to Cryptowatch article for troubleshooting tips
Now you can place and cancel orders and manage your Binance.com portfolio on Cryptowatch. If you’re new to Cryptowatch, try following the Onboarding guide to get acquainted with the interface.
Binance traders can use Cryptowatch’s advanced charts to trade and perform technical analysis as well as track their funds alongside any other exchange accounts on the Portfolio page. For a quick overview of these features, scroll down to the Trade on Binance.com and Binance.com Portfolio sections.
Check out these articles to learn more about trading and analysis on the Charts page:
These articles demonstrate the Portfolio page:
Cryptowatch’s alerts function is a favorite among traders as well. Check out these articles to learn how to set alerts for price, volume, and order fills:
Now you can use Cryptowatch to trade on Binance markets!
A good way to get started is to visit the Markets page, then filter the list by exchange. Click the Exchanges drop-down list on the left and select Binance. Alternatively, type “Binance” in the search bar to narrow the exchange list down.
This will filter the list to show Binance markets only. If you want to view markets for a specific asset, use the Asset’s drop-down list to filter the results even further. Clicking any market here will open that market in the trading terminal.
You can select multiple assets on the Markets page to quickly compare markets.
Cryptowatch offers a lot of tools that can enhance your trading on Binance. You can:
Do technical analysis and chart drawings while you trade
View real-time order book and trade history feeds
Track your balances across multiple exchanges in real-time on the Portfolio page
Receive SMS and email alerts for price and volume and order-fills
Chat with other traders in the Trollbox
Create and save custom themes
Stream prices and order books with the Market Data WebSocket API
Pull market data into Google Sheets with the Cryptofinance.ai plugin
Automate orders and alerts using triggers and actions with Zapier integration
After selecting a market from the filtered Markets list you will be taken to the Charts page. This is the trading terminal where you can perform analysis and submit trades:
On the right side of the page is the trading form. This is where you’ll enter the details of your trade, like direction, order type, price and volume. The trading form varies based on the options available on the current exchange. If you don't see the form, it is most likely hidden. Click the vertical bar on the right hand side of your screen to expand it.
Section | Description |
Action | Choose whether you are buying or selling. |
Type | Drop-down menu for selecting an order type. |
Funds | Shows your available funds for performing whichever action is selected (Buy or Sell). |
Quantity | Enter the total quantity (sometimes called "volume") of your order here. |
Price | This option is available for Limit, Take Profit and Stop Loss orders. Input the price you want the order to trigger at. |
Total | This is the total value of your trade order — a product of quantity and price. |
For an in-depth guide on submitting trades, check out the How to trade on Cryptowatch page.
On the price chart above you can see a Parabolic SAR overlay around the candlesticks on the price chart. The dots signify trend direction and a potential price level for placing stop losses on trades. Bullish trends are indicated when the dots are below the candlesticks, and a bearish trend sees the dots above the candlesticks.
You can click “More info” under the Info tab in the Analysis menu to learn more about any overlay or indicator on Cryptowatch:
In the price chart image above there are a few indicators on display. From top to bottom:
MACD (Moving Average Convergence Divergence)
Volume
Aroon Oscillator
Momentum
Volume and MACD are present by default.
You can use any combination of indicators, drawing tools and overlays to help you analyze and predict trends.
Go to the Portfolio page to see how your orders, positions and crypto holdings are performing across all connected exchanges. You can sort your portfolio by exchange if you want to isolate your Binance.com activity, or by asset to see how your holdings are doing.
For a closer look at the Portfolio page and the tools within, check out these articles: