Tag Archives: Binance

USDT Tether is highest volume Binance stable coin

I looked at the variety of choices in this article and some of the ones you can get in the Binance FIAT market.

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https://dailyhodl.com/2020/01/13/snapshot-of-stablecoin-performance-tether-usd-coin-dai-coingecko-report/amp/

USDT is easily king here. I also looked at the volumes of the FIAT currencies of Russia Ruble, Turkey Lira, and Nigerai Naira. Those volumes don’t even register but I do see how Binance may use these as a form of backup in largest stablecoin like USDT don’t work out. When I say don’t work out, I mean if there is some legal or registration problem. For example,

https://www.coindesk.com/judge-punts-decision-nyag-bitfinex-tether

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Lowest cost for minimum order testing on Binance crypto markets

This was done with Kraken so we now analyze which is the lowest cost stable coin markets work with. This is for early bot live trade testing

Noteable pairs by volume

Alt markets
WIN/TRX
BTT/TRX

Bitcoin markets
XRP/BTC
BNB/BTC
LINK/BTC

USDT market
BTC/USDT

https://www.binance.net/en/trade-rule

Minimum order
1. 0.001 BTC to 8.09 USD
2. 10 USDT to 10 USD approx
3. 10 Paxos Standard Token = 7.830944 US Dollar (USD)
4. 0.01 ETH to 1.78 USD <— winner as this is the lowest
5. 0.1 Binance Coin = 1.868774 US Dollar (USD)
6.
7.
8.

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

minimum orders: Binance to Kraken exchange

It is all about minimum orders for Tether/USDT/USD which is very high on Binance. If you read below, you will find Kraken is become a decent US based crypto currency exchange with no ID requirements.

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Python Algo Trading Infrastructure with Crypto Currency

See this post is inspired by the last half of this video posted here

Stable coin BTC now outperforms ETH lately

For most exchanges on minimum orders

Markets Minimum Trade Size for Bittrex, Binance, and other markets

Binance

https://binance.zendesk.com/hc/en-us/articles/115000594711-Trading-Rule

They want $10 USDT minimum orders which is a lot of early bot testing. I would not recommend this.

 

Looking at the thecryptobot.com link, you will find the minimum trading is much easier with Poloniex and Bittrex.

Poloniex is Tether (USDT pairs): 0.0001 USDT

Bittrex is Tether (USDT pairs): 0.0005 USDT

With latest news of Bittrex according to the New York Attorney General, I don’t think I want to mess with them. Is Poloniex better? Maybe:

Minimum deposit needed:

https://poloniex.freshdesk.com/support/solutions/articles/1000249112-minimum-deposit-amount

You could also deposit with USDC

https://blog.circle.com/2018/09/26/poloniex-introduces-usdc-markets/

 

I will tell you many people have complained about Binance lately because of their wonky changes so maybe it is time to switch. The recent Binance hack would not help either. This is the best description I have of them

Beginners Guide to Poloniex: Complete Review

From the point of view CCXT, trying to download something from Poloniex results in 1 row which is useless. This means I may need a API token which I am now watning to get.

 

First off when testing, who wants to provide ID with a potentially bad exchange. Here is a list where you can try out by open an account anonymously.

https://www.bestbitcoinexchange.net/anonymous/

Bitmex and HitBTC come up. HitBTC has potential but I know some bit traders who are with Bitmex which are larger than Binance. Sorry but Bitmex has strange symbol names I am not familiar with. This link suggests HitBTC is not the right exchange for small traders with high trading minimums.

https://bitcointalk.org/index.php?topic=3253709

I guess you could say the same about other exchanges as well. Kraken seems ok since they don’t require actual ID. You still need 5 USDT for minimum orders.

https://support.kraken.com/hc/en-us/articles/201352206-What-are-the-verification-level-requirements-

From the symbol list of Kraken, it seems they don’t support USDT no more but only USD which is good!

 

Kraken Review Rates It As One of The Best Crypto Exchanges from btc

Here are some concerns about Kraken but read the comments

Why Kraken is an unsafe/bad exchange and why you should avoid them from ethtrader

 

Kraken Review Rates It As One of The Best Crypto Exchanges from btc

I got to give credit to Kraken as they respond to complaints found on Reddit which is rare with competing exchanges.

my experience with Kraken from Bitcoin

Another exchange cropping up in these Kraken subreddit posts are a competing exchange called Bitstamp. Using CCXT with Bitstamp results with:

if args.timeframe not in exchange.timeframes:
AttributeError: ‘bitstamp1’ object has no attribute ‘timeframes’

Screw em so it might be Kraken for now

Minimum deposit is small with Fiat currency

https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-methods-fees-and-minimums

Kraken minimum order

https://support.kraken.com/hc/en-us/articles/205893708-What-is-the-minimum-order-size-volume-

Confirmed for USDT/Tether is 5. Good enough.

 NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Binance BCH while trading in BTC is a complete mess

As my system likes to trade Bitcoin Cash (BCH), it seems there is a wierd split with Binance creating BCHABC. It does not help with the Bitcoin SV (BSV) fiasco as well. Note that BCHSV still exists on Binance.  It seems CCXT the Python package wants you to still order with BCH but your Binance trading report will have BCHABC. Call me confused there too. There is very trading in BCH

noob question – bch vs bchabc vs bchsv from btc

https://github.com/ccxt/ccxt/issues/4563

See TradingView

https://www.tradingview.com/symbols/BCHABCBTC/?exchange=BINANCE

ANOTHER BIG LESSON

Most of my trades are in ETH with a tiny amount in BTC. WIth a tiny Binance account eg. <$500 USD), it is not wise to trade in BTC for now when testing with minimum trades. As a result, I will not be LIVE trading in BTC for now . I want to see the account be at least $1000 USD before trading in BTC. The minimum trades are usually double that compared to ETH or XRP.NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Talking about algo crypto trading min amount with Binance API

I have test with minimal amount for an early trading bot with Binance. I would recommend using this method to reduce early risk of blowing up your account. Just watch the video.

I got the amounts down to $2.50 USD per live trade including the exchange commission. This is for ETH but I would double the amount for Bitcoin.

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Binance API trading webinar and Black Scholes alternative pricing formulas

See Binance API trading webinar details below. Want to get your hands onto this lucrative forex and cryptocurrency trading bot ? Elite membership

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Some option pricing alternatives to Black-Scholes?

I have learned that Black Scholes can be quite diverse in many way in options and futures pricing. Basedon the answers. This formula seems that it can do hedging as well. Get the details here.

https://www.quora.com/What-are-some-option-pricing-alternatives-to-Black-Scholes

Q&A on Binance API trading webinar

This starts ins a few hours at 12 noon Eastern Standard Time today!

 

I will cover question and answer over the 2 new private videos I posted in my ELITE membership. The topics include bBinance API trading which includes:

Fun with Binance API trading

More Fun with Binance API trading

These are the end to end solutions for live trading with the Binance crypto currency trading exchange. . I will be making this webinar private as well as no live streaming on social media

Bryan Downing is inviting you to a scheduled Zoom meeting.

Get the details here

https://quantlabs.net/blog/2019/04/qa-on-binance-api-trading-webinar/

 NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

AI vs machine learning and deep learning infographic: fun with binance api trading

Is there a real difference between AI (artificial intelligence) vs machine learning and deep learning ? Check out this infographic or fun with binance api trading below. Let me know what you think

https://www.techopedia.com/infographic-artificial-intelligence-vs-machine-learning-vs-deep-learning/2/33882

Check out the details of my private webinar tomorrow at 12 noon tomorrow Eastern Daylight Time  tomorrow. This topic s on Live  Binance api trading

Q&A on Binance API trading webinar

These are from my private videos I posted Friday and Sat in the last few days. These includes:

Fun with Binance API trading

More Fun with Binance API trading

Get access to these video by getting on my ELITE annual membership by going here.

Introduction to Quant Elite Membership

Note that there will be no live streaming of this webinar nor public video playback.

 NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Q&A on Binance API trading webinar

I will cover question and answer over the 2 new private videos I posted in my ELITE membership. The topics include bBinance API trading which includes:

Fun with Binance API trading

More Fun with Binance API trading

These are the end to end solutions for live trading with the Binance crypto currency trading exchange. . I will be making this webinar private as well as no live streaming on social media

Bryan Downing is inviting you to a scheduled Zoom meeting.

Topic: Q&A on Binance API trading
Time: Apr 23, 2019 12:00 AM Eastern Time (US and Canada)

Join Zoom Meeting
https://zoom.us/j/362546589

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New tips using Binance crypto currency bot tools and API

I talk about a new update in my Python Infrastructure course pertaining to a crypto bot tracking service, Binance desktop app, and differetnt market orders within theiir API. A 3 0 minute video has been added as a set of notes to help people out as they venture into implementing this course.

Get the Python Course I speak of here

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Python Algo Trading Infrastructure with Crypto Currency

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!