Ethereum: Setting Up a Binance API on Raspberry Pi for Buying and selling

As a cryptocurrency fanatic, managing a number of accounts and buying and selling platforms could be a daunting job. On this article, we are going to stroll you thru the method of organising a Binance API on Raspberry Pi 3 B+, ​​which is able to can help you commerce Bitcoin (BTC) utilizing Python.

Conditions

Earlier than you start, make it possible for:

• You could have pip and Python 3.6 or later put in in your Raspberry Pi.

• You could have a working web connection.

• Your Binance API credentials are configured and legitimate.

Step 1: Set up the required libraries

To get began, you will have to put in the python-binance library utilizing pip:

pip3 set up python-binance

This can obtain the required backports for numerous platforms, together with Raspberry Pi. The.zoneinfo-0.2.1.tar.gzbundle is a standard one that's suitable with most Python 3 installations.

Create a brand new file known asbinance_setup.pyand add the next code:

import sys
from contextlib import suppress
sys.path.insert(0, '/usr/native/lib/python3.6/site-packages')
import binance

This imports the binance library and provides it to your Python path.

Step 4: Configure API Credentials

Modify the binance_setup.py file to incorporate your Binance API credentials:

api_key = "YOUR_API_KEY_HERE"
api_secret = 'YOUR_API_SECRET_HERE'
api = binance.shopper.create_api('v2', api_key=api_key, secret=api_secret)

Substitute YOUR_API_KEY_HERE and YOUR_API_SECRET_HERE together with your precise Binance API credentials.

Step 5: Arrange a brand new bot

Create a brand new Python file known as bot.py and add the next code:

import time
from binance.shopper import Shopper
def principal():









Initialize the Binance shopper
api = Shopper('v2', api_key=api_key, secret=api_secret)
whereas true:

Get the newest Bitcoin worth from the CoinGecko API
response = api.get_price(image='BTC-USD')
worth = response['price'] 

Place a commerce utilizing your bot logic
print('Commerce at {worth} BTC')
time.sleep(60) 
Wait 1 minute earlier than checking the market once more
if __name__ == '__main__':
principal()

This creates a fundamental bot that fetches the newest Bitcoin worth from CoinGecko and locations a commerce when it reaches $100.

Step 6: Run your bot

Create a brand new listing known as binance_setup in your Raspberry Pi to carry all of your configuration information. Create two new subdirectories inside this listing:

• config: to retailer your Binance API credentials

• log: to log any errors or commerce outcomes

Copy the code above into every of those directories and ensure to replace the api_key and api_secret placeholders together with your precise Binance API credentials.

Suggestions and Variations

• To make use of a unique image (e.g. BTC-USD, BTCUSDT), merely replace the image parameter within the get_price methodology.

• You possibly can add extra advanced logic to your bot utilizing conditional statements or loops. For instance:

if worth > 1000: 
Promote at 1000 USD
api.place_order(image='BTC-USD', facet=1, kind='promote')

• To run the bot within the background, use display screen or one other display screen monitor software to maintain your Raspberry Pi operating.

• Think about using a scheduler like cron on Linux to automate your bot’s trades.

By following these steps, it’s best to now have a fundamental setup for buying and selling Bitcoin on Binance together with your Raspberry Pi 3 B+.