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How to connect your Binance account

How to connect your Binance account

Connecting your Binance account to Algocrat AI is a straightforward process. This guide will walk you through each step to ensure a seamless integration.
Opening a Futures Account on Binance

The initial step involves setting up a Futures account on Binance. This is a prerequisite if you haven't already established one.

The process is quick and easy, taking just a few moments of your time. For detailed guidance, refer to Binance's comprehensive tutorial here:

How to Open a Binance Futures Account
Creating an API

Once your Futures account is active, you will need to create an API. To do so:

  • 1. Navigate to Account -> API Management within Binance and select Create API.
  • 2. Opt for the System generated option and proceed by clicking Next.
  • 3. Label your API in a manner that reminds you it's linked to your Algocrat account, ensuring easy identification.
Safeguarding Your API Credentials
Following the API creation, diligently copy both your API Key and Secret Key, storing them in a secure location. These credentials are vital for the next steps and ensuring their security is paramount.
Integrating with Algocrat AI user dashboard

With your API keys in hand:

  • 1. Head over to the Algocrat AI user dashboard and locate the “Accounts” tab.
  • 2. Navigate to the Binance tab and click on “Add account”.
  • 3. Input your Binance account email address.
  • 4. Input your API Key and Secret Key.
  • 5. Select a risk profile that aligns with your trading strategy (if you are not certain about what risk level to choose, please check out our “Choosing a risk level” article).
  • 6. Click on “Connect”.

Upon completion, a confirmation message will appear, indicating your application has been submitted.

Our team will review the details and, within 48 business hours, provide you via email with the necessary IP addresses.

These addresses are essential for granting the Algocrat AI system the permissions to execute trades on your behalf, as you will see in the next steps.

Configuring IP Whitelisting on Binance

Once you receive the IP addresses from our team via email:

  • 1. Return to the API Management section in your Binance account.
  • 2. Edit the API settings by clicking on “Edit restrictions”.
  • 3. Add the IPS to the trusted IPs list, separated by a comma.
  • 4. Enable Futures trading by checking the corresponding option.
  • 5. Click on “Save”.
Finalizing the Connection
After updating your API settings, inform us by email that the IP whitelisting and Futures trading have been enabled. Our team will finalize the integration process, and you'll be notified once everything is set up.
Accessing Your Account on Algocrat AI

Upon receiving confirmation that your account is connected, you can visit your Algocrat AI user dashboard to view your account's analytics, performance, and trading history, as well as accessing your invoices and monthly reports, offering a comprehensive overview of your trading activities.

We've designed this process to be as intuitive and secure as possible, ensuring you can start leveraging Algocrat AI's capabilities with confidence. If you encounter any issues or have questions, our support team is ready to assist you every step of the way.

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Algocrat.ai operates as a technology provider offering Software-as-a-Service (SaaS) solutions for automated trading strategies. We do not provide financial or investment advice, portfolio management, brokerage services, or act as a financial intermediary. Users retain full control over their trading accounts and funds, and all trading activities are conducted at their own discretion and risk.

Earnings & Risk Disclaimer

Trading digital currencies on margin has large potential rewards but also carries a high level of risk. You must be aware of the risks and be willing to accept them to invest in the digital currencies markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE BEING SHOWN.

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