Errors with Binance connection
Here are descriptions of the most common errors when working with or connecting to Binance Futures / Binance Spot in Quantower platform
Last updated
Here are descriptions of the most common errors when working with or connecting to Binance Futures / Binance Spot in Quantower platform
Last updated
Here is the list of the most common errors and issues with Binance Futures /Spot connections:
"Invalid API Key" error occurs for several reasons:
a trader did not enable Future Trading in the personal account on the Binance website
API Keys were not copied correctly.
To solve it, please check that your API Key has permissions for Futures trading. Go to Binance official website > Under your account select API management > check & activate Futures Trading
Check that your API Key and API Secret are correct.
"TimeStamp" error occurs when the time on the Binance server does not match the time on the user's computer.
To solve it, please, go to Windows Settings > Time & Language > and click on Sync Now button.
The platform synchronizes time with the Binance exchange during the connection. If the desynchronization reaches a certain limit, then any (authorized) requests will display this error.
To solve it, please, go to Windows Settings > Time & Language > and click on Sync Now button.
As of February 24, 2021 the value of the perpetual futures order must be at least $5. If it is less than that, the order will be rejected. If you encounter this error, increase the volume you are placing so that it is greater than or equal to $5.
Example: When opening 0.001 ETH, the value of the order is greater than $5, so it will be placed. An order for 1 ANK is worth less than $5, so it will be rejected.
This error occurs when trying to place the order. Please check your wallet balance and make sure that there is enough coin to make a trade. When trading USDS-M futures on Binance Futures, the wallet account must have USDT tokens.
Limit on the number of orders has been reached (usually this is a limit on a particular instrument). There may be a limit on the instrument itself, or a limit on orders sent in a certain period (for example, 10 orders per second - spam).
This error occurs when you don't have enough funds on the balance. Check your wallet balance and make sure you have enough coins for the transaction.
This error occurs when a trader connects to Binance exchange with the same API Key on various platforms. Each platform must have its own API Key. Generate a new API key for Quantower platform.
This situation is connected with the rule of exchange Binance Futures about the minimum order volume from $5. You may close a position worth less than $5 using the following methods:
1. Buy up to minimum volume and place limit order to close position.
2. Place a pending stop order to close the position with a volume equal to the position.
3. Set Stop-Loss or Take-Profit on the server-side.
4. Close the order through Binance Futures website.
Binance has set a limit of requests for a certain time (e.g., sending an order, requesting an instrument table). If the limit is exceeded, an appropriate message may appear, or the IP will be banned for making requests for some time.
This error does not affect the correct data loading or trading. The message appears when switching to a symbol that has not yet been loaded in the current active session.
Usually, the error indicates that the keys are not entered correctly. It is likely that the API Key/Secret key is entered correctly, but maybe "broken". Check if the APIKey and APISecret are entered correctly or recreate the keys.