I am looking to make a bot that doesn’t trade real money. I read in some places about the ‘testnet’, an option in some functions and methods of the API that allows trading on something like a ‘demo account’, but I tried using it and it only gives me errors. I don’t know how to do it. How do I proceed?
Hey,
Could you provide us with details on what exactly you tried and the error you encountered?
I will try to provide an overview and it may be helpful to you but as @albin mentioned, a bit more detail about your error may help you better!
Here is a simplified breakdown to get you started with the Binance testnet:
Testnet functions like a sandbox environment, it mimics the real market with simulated money, allowing developers to test bots, strategies, or API functionalities.
Errors can occur due to incorrect endpoint configurations, using real account API keys instead of testnet keys, or other setup mistakes.
How to use Binance Testnet for bot:
Get a separate API credentials for the testnet. Register on the Binance Testnet platforms. There are different ones for spot trading and futures trading.
Use the Python binance library, which simplifies making API calls.
pip install python-binance
Specify the testnet URL, while initializing your client in Python:
from binance.client import Client
#Replace testnet_key and testnet_secret with your API credentias
client = Client(testnet_key, testnet_secret)
client.API_URL = ‘https://testnet.binance.vision/api’
Write functions that define how your bot should make decisions (e.g., when to buy or sell based on certain indicators or price thresholds).
Run your bot in the testnet environment to see how it performs under simulated market conditions without financial risk
You can try the below link to get more informtion:
https://python-binance.readthedocs.io/en/latest/