Ethereum: binance api, i cant put an order with a price in dollar (not in quantity)
Ireherum-API ordering problems: Bony exceptions and quantity-based orders **
As an Ethereum developer, you are probably familiar with the importance of a precise placement of order in order to achieve the desired results. As the Binance API, certain errors can result in differences in the platform of the house that process quantic orders and bassier arrangements.
The problem: quantity -based order restrictions *
Binance from the Quant -token requires if you place a purchase or sales order for a specification for Ethereum (Ethusdt). This is done to ensure that the transaction meets brand requirements and does not exceed the available liquidity.
However, if you specify an order to use this quantified Aphroach, you can surround errors similar to this as follows:
Apierror (40004): invalid request
or
Apierror (40005): Inadequate means
There are true recections because the API from Binance for price-based orders (e.g. “buy $ 20 $ ethusdt”) was treated efficiently.
Solving the problem: Use of price -based orders with quantity
To fix this problem, you can try to use a combination of price -based and quantity -based approaches. Here are soome strategies:
Use a cashy for your price order *: Enter a cashy (e.g. USD) for you in the price, so that Bink is concerned in Etherum (Ether).
* Enter the money in Ethusdt : The hurt that gives an order for a specification of the PR in the following quantity in Ethusdt as Quanty. In this way, you can avoid exactly the number of tokens.
* Use the “Quanty” parameter to adapt the size of the order. For example:
* `Json
{
"Type": "Limit order",
"Page": "Sell",
"Price": 800,
"Quantity": 20 // Enter the money in Ethusdt
}
Example code
Here is an updated example code -snippet that has demonstrated how a purchase order can give up with quantity:
`Json
{
"Type": "Buylimitlorder",
"Page": "Buy",
"Price": 800,
"Quantity": 20 // Enter the money in Ethusdt
}
Best Practices *
To avoid similar problems and to ensure successful API requests, take into account the following beasts:
* Test your orders thoroughly : Before you radiate large or complex transactions, test how you order orders with a quant.
* Use the integrated tools and service from Binance : Use the API documentary and tools from Binances to support the order.
If you understand how the API of Binances works in quantites-based orders compared to price-basis orders, you will better fog up tosula trades on Ethereum. Have fun trading!