Last Updated on July 10, 2020 by admin
Crypto-ML is pleased to announce the release of Binance.US as a new connection option. The Crypto-ML Auto Trade platform allows customers to have our machine learning systems automatically make trades on their accounts.
Previously, Crypto-ML supported Binance.com and Coinbase Pro. The addition of Binance.US gives customers in the United States a second option with these distinct advantages:
- Low fees
- Rapidly growing trading volume (liquidity)
Configuring Auto Trade for Binance.US
Binance.US is now a selectable option from your Auto Trade Dashboard in the Auto Trade Exchange Setup.
To set this up, follow these steps:
- Visit your Auto Trade Dashboard
- If you currently have it enabled with another exchange, Pause Auto Trade
- Go to the Configure Exchange API page
- Select Binance.US
- Follow the Binance API Instructions here: https://crypto-ml.com/auto-trade/#How_to_Connect_Your_Exchange
Note, it is the same procedure for both Binance.com and Binance.US, however, they are independent APIs and cannot be used interchangeably.
In terms of fees, Binance.US starts at a base 0.1% trading fee. This compares to Coinbase Pro at 0.5%, making Binance.US 5x cheaper (as of this writing).
With both, the more you trade, the lower your fees.
Fees are critical for traders, as can bee seen on our Crypto Trading Profit Calculator.
For the latest fee structures, please see:
The current disadvantage of Binance.US is that it does not intermix funds with Binance.com or other variants. As a result, its trading volume is smaller than Coinbase Pro’s.
Liquidity is important for traders, as highlighted in our post and video here: Optimize Your Crypto Bot Trading with Exchange Liquidity.
Judging by Coingecko’s volume measures, Coinbase Pro does about 35x more volume than Binance.US.
That said, Binance.US is growing rapidly. Further, we have not experienced poor trade execution in our testing.
If you are not yet on Crypto-ML Auto Trade, you can join here: Crypto-ML Auto Trade Membership.
As always, we provide a 30-day Free Trial. Cancel anytime if it is not for you–no obligation.
Beta period and support
Though we have thoroughly tested our Binance.US API connection, we will leave it in a beta state for the next month. If you run into any issues, please let us know on the Community Forums or by reaching us at Contact Support.
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