binance newbie question

API Futures API
1

Hi
I am a total newbie in the crpto world so please a few dumb questions:
I have deposited $10 in my binance account for testing.
Then i transfered $5 into my futures
I am using this code for buy order:

client.futures_create_order(
symbol=‘BTCUSDT’,
type=‘LIMIT’,
timeInForce=‘GTC’, # Can be changed - see link to API doc below
price=1, # The price at which you wish to buy/sell, float
side=‘BUY’, # Direction (‘BUY’ / ‘SELL’), string
quantity=0.001 # Number of coins you wish to buy / sell, float
)

I get this exception:
BinanceAPIException: APIError(code=-4013): Price less than min price.

I am wondering if it is possible to buy $1 of btc to get started and later invest more.
I have been stuck here for a while. Desperate looking for help.
TIA
Help please.

2

price=1

This price is too low for symbol “BTCUSDT”, please consult the exhangeInfo endpoint at https://binance-docs.github.io/apidocs/futures/en/#exchange-information to get the filters you need to pass to submit an order successfully.

And since you’re starting, I would suggest you to start with the Testnet URL (https://binance-docs.github.io/apidocs/futures/en/#testnet) to not lose real money.

3

Thank you aisling, Could you please help in what is the min price allowed to specify in the order.
Thanks
Sai