Binance is a preferred exchange for current deployments, alongside Kraken (the current priority deployment) and Pionex. This page explains how a Binance connection is intended to work, what the bot can and cannot do on the account, and what a user should verify before connecting. Compatibility is confirmed during onboarding.
Why users connect a bot to Binance specifically
Binance offers the deepest liquidity and the widest range of trading pairs of any exchange BotNexis supports, which matters for strategies that rely on tight spreads or less common coins. Users running higher frequency or multi pair strategies tend to prefer Binance for that reason. BotNexis does not change any of Binance's own security model. It simply automates order placement on top of it.
How the Binance API connection works
A user generates an API key inside their own Binance account settings and grants it two permissions only: enable reading, and enable spot and margin trading. Withdrawal permission is left off, and Binance enforces that restriction on its side, not BotNexis. The key is entered once during setup and the bot never asks for a password, a seed phrase, or a fund transfer.
Once connected, the bot translates a chosen rule set into standard Binance API calls: place order, cancel order, check balance, check order status. Every call is the same type of action a user could place manually inside the Binance interface. Automation changes the speed and consistency of execution, not what actions are possible on the account.
If anything ever asks for a Binance withdrawal key, a password, or a transfer to an outside wallet in order to activate a bot, that is not how a legitimate non custodial connection works, and it should be treated as a warning sign. See the full security page for more on this.
Not locked into Binance only
Kraken is the current priority deployment. Binance and Pionex are preferred exchanges for current deployments. Other exchanges may be reviewed on request at the same license price. Compatibility is confirmed during onboarding.
If a specific exchange is not shown on the site yet, that does not mean it cannot be used. A bot is regularly prepared for other platforms on request and personalized to that exchange's own API. Customization for a different platform does not change the price of the license, the tiers stay the same as described on the plans page.
What a Binance bot cannot do
- It cannot guarantee profit on any Binance trade. Market volatility and liquidity remain outside any software's control.
- It cannot exceed Binance's own rate limits, minimum order sizes, or listed trading pairs.
- It cannot recover a loss caused by normal market movement. It removes manual timing error, not market risk.
- It cannot access funds beyond what the API key permits. There is no shared pool or pooled liquidity involved.
Coin selection and strategy scope on Binance are tied to license tier, covered in the plans breakdown. The one time API connection step is covered in the setup guide.