How to connect Binance

1. Create a key on Binance

For API keys Binance asks for two-factor authentication, a deposit of any amount to the spot wallet and completed identity verification.

1. On the website: profile icon → «Account» → «API Management» → «Create API». In the app (the Binance Pro version): «More» → «Other» → «API Management».
2. Choose «System generated», name the key and confirm with two-factor authentication or a passkey.
3. Keep only «Enable Reading» on — it is on by default. Leave trading, transfers and withdrawals off.
4. No IP restriction is needed: a system-generated key without one can only have the read permission — exactly what Davinchu needs. Save the API Key and Secret Key.

2. Connect the account in Davinchu

1. In the dashboard open «Accounts» → the «Crypto» tab → «+ Connect account». In the «Connect a crypto exchange» window pick Binance — the «Spot» market.
2. Paste the API Key and API Secret, optionally set a «Name» and click «Connect».

The dashboard checks the key on the exchange and reads its permissions: a key that can withdraw is not accepted, a key that can trade is connected with a reminder to replace it with a read-only one.

3. What arrives in Davinchu

• The spot wallet balance in USDT at Binance prices — on the «Accounts» page: the value and its history next to your other accounts.
• Coins in the «Investments» portfolio — together with other exchanges, Interactive Brokers and T-Bank stocks and manual assets: value, TWR and XIRR return, allocation, rebalancing. You set the purchase price for a coin's P/L in the portfolio yourself.

If the balances did not appear in the portfolio on their own, click «Sync» next to the account in the portfolio's «Data sources» — after that it refreshes every 15 minutes. How to work out a coin's cost basis is covered in «Crypto portfolio tracking: cost basis, FIFO and return». Binance trades are easy to review in a manual journal: the «+ Add trade» button, with setup, emotions and mistakes edited right in the table.

After connecting

Account «Settings» → the «Connection» tab: the key's permissions and the «Check API», «Update key», «Revoke key» and «Disconnect account» buttons.

If something goes wrong

If the dashboard says «The exchange rejected the API key. Check the key and secret or create a new key», check in this order:

• the API Key and Secret Key were copied in full, without spaces;
• «Enable Reading» is on for the key;
• the key has no IP restriction;
• the key was not deleted on the exchange — otherwise create a new one.

If the dashboard says «This key allows withdrawals…», create a key with «Enable Reading» only.

Plan

An exchange account takes a slot in the plan limit: Free — 2, Plus — 5, Pro — 15, Elite — 50; an extra account is $2 a month on any plan. «Investments» is available on every plan. See pricing.