Asynchronously creating multiple orders for multiple API keys on Binance using Python

As a developer, creating multiple orders for different API key pairs asynchronously is crucial for high volume trading or implementing complex trading strategies. In this article, we will walk you through the process of creating multiple orders for multiple API keys asynchronously on Binance using Python.

Prerequisites:

• You have a Binance API key and a secret key pair.

• You have installed the binance library via pip: pip install binance-client

Step 1: Create an order with multiple pairs

To asynchronously create multiple orders for different API key pairs, we will first create a single order that includes all the required pairs. We will use the binance.client.order.Order class to create this order.

from binance.client import Client

Set your Binance API key and secret pair
api_key = "YOUR_API_KEY"
api_secret = "YOUR_API_SECRET"

Create a Binance client instance
client = Client(api_key, api_secret)

Define the pairs we want to create orders for
pairs = ["ETHUSDT", "BNBUSDT"]

Create an order object for each pair
orders = []
for pair in pairs:

Set the order type and parameters
params = {
"side": "Market",
"type": "Limit"
}

Create a new order for the current pair
order = client.order_create(
symbol=pair,
side=params['side'],
type=params['type'],
quantity=100, 
Set transaction quantity to 100 units
timeInForce='GTC', 
Set validity time to "Valid until canceled"
comment=f"Order for {pair}"
)

Add order object to list
orders.append(order)

Print created orders
for i, order in enumerate(orders):
print(f"Order {i+1}: {order.symbol} - Quantity: {order.quantity}")

Step 2: Asynchronously create multiple orders for each pair

To asynchronously create multiple orders for each pair, we will use a loop to create an order for each pair. This approach can be very memory intensive and may not be suitable for a large number of pairs.

from time import sleep

Define API key and secret pair
api_key = "YOUR_API_KEY"
api_secret = "YOUR_API_SECRET"

Create Binance client instance
client = Client(api_key, api_secret)

Define pairs for which we want to create orders
pairs = ["ETHUSDT", "BNBUSDT"]

Create order object for each pair and save it in list
orders = []
for pair in pairs:

Set order type and parameters
params = {
"side": "Market",
"type": "Limit"
}

Create new order for current pair
order = client.order_create(
symbol=pair,
side=params['side'],
type=params['type'],
quantity=100, 
Set transaction quantity to 100 units
timeInForce='GTC', 
Set validity time to "Valid until canceled"
comment=f"Order for {pair}"
)

Add order object to list
orders.append(order)

Wait a moment before creating another order
sleep(1)

Print created orders
for i, order in enumerate(orders):
print(f"Order {i+1}: {order.symbol} - Quantity: {order.quantity}")

Step 3: Cancel orders

To cancel orders asynchronously, you can use the client.order.cancel method. This approach is more efficient than sending multiple API requests.

“`python

Define the order ids we want to cancel

order_ids = [str(order.id) for order in orders]

Cancel orders

for order_id in order_ids:

client.order.

risk assessment mnemonics vesting