Ethereum: Binance API – There is insufficient balance in the account for the requested action.

Ethereum API Error: Insufficient Balance for Requested Action

As a cryptocurrency app developer, you are probably no stranger to errors and limitations when interacting with third-party services. In this article, we will delve into the issue of insufficient balance in an Ethereum account using the Binance API.

Error Code: -2010

When you encounter the error code -2010 while trying to place an order on the Binance API, it indicates that there is an issue with your current balance in your Ethereum account. This error usually occurs when you request a large amount of Ether (ETH) or other cryptocurrency.

Binance API Request: POST Endpoint

To resolve this issue, we need to modify our API request to account for the sufficient balance requirement. The correct Binance API endpoint is POST /api/v3/positions/buy, which allows us to place buy orders.

PUT 
{
"symbol": "ETH",
"side": "buy",
"quantity": 100,
"type": "market"
}

Here’s what’s changed:

• The “symbol” field is now set to “ETH”, which represents the Ethereum cryptocurrency.

• We’ve increased the “quantity” parameter from 0 to 100, which represents a large buy order. In this example, we’re placing a buy order for 100 ETH.

Additional Parameters:

To further optimize your API request and account balance, consider adding the following parameters:

• limit: Set limit to 1 to limit the number of positions created.

• leverage: Enable leverage by setting leverage to true. Note that this increases the risk of loss, but can provide higher returns.

• max_price: Specify a maximum price for your buy order. This parameter is optional.

POST 
{
"symbol": "ETH",
"country": "buy",
"quantity": 100,
"type": "market",
"leverage": true,
"max_price": "0.1"
}

Best practices:

To avoid future mistakes, always:

• Check your account balance before placing orders.

• Set sufficient leverage to reduce risk, but also consider the potential impact on your portfolio value.

By implementing these modifications and best practices, you should be able to successfully place buy orders with sufficient balance in your Ethereum account using the Binance API.

Additional Resources:

For more information about the Binance API and its endpoints, see the [Binance API documentation](

If you are still having issues or need further assistance, please feel free to ask and I will do my best to help.

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