** Ethereum: Binance USDT-M Trade Commissions Data Binance API.
As a Nodejs Binance NPM user, you are probably familiar with Binance API to access various trading data and market information. However, finding out your orders for taxable commissions may be a challenge. In this article, we will investigate how to get commission data from Binance API.
To understand trade commissions
The trade commission is taxes taken on the exchanges for the purchase or sale of assets on their platforms. The Binance USDT-M (US dollar roll) commission structure is as follows:
- Long market orders: 0.1% trade value
- Short orders on the market: 0.3% trade value
Access to Trade Commissions via Binance API
You need to use the Get /Spot /Tradingcomassijon final point Binance API to reach the commissions of the trade commissions. This outcome returns the list of possible commission rates for different assets.
Here’s an example of how to submit a request using Binance API with Nodejs:
`Javascript
Const axios = Require (‘axios’);
CONST APikey = ‘your_api_key’;
CONST APULET = ‘Your_api_Secret’;
CONST ENDPoint = https: // API.binance.com/API/V3/Exchaseinfo/Spot;
Async's feature of gettradingcommisesions () {
CONST Response = wait for Aksios.get (end, {{{{{{{{{{{
Headlines: {{
'X-mbx-apikey': Apikey,
X-MBX-SECRET -KEY: Apisecret
}
});
CONS Commission = Answer.Data;
return commissions;
}
GettradingComises (). Then (commissions => {
Console.log (commissions);
}). catch (error => {
console.error (error);
});
** Comenting comments comments received
To obtain commission data on specific assets (in this case USDT-M), you need to change the outcome of the Get /Spot /Tradingcomisesee to include the wealth you want.
For example, to obtain commission USDT-M:
`Javascript
CONST ENDPOINT = Tradingcommmission? symbol = USDT-M;
Access to commission data with Binance API V2
From 2021 January Binance API has been updated to use a new version (V2). To obtain commission data using V2, you need to replace the Get /Exchaseinf /Spot /TradingCommission using Get /Trades.
Here’s an example of how to request a request using Binance API V2:
`Javascript
CONST API = Require (‘axios’);
Api.get (‘/Trades? Symbol = USDT-M’)
.Then (data => {
console.log (data);
})
.Catch (error => {
console.error (error);
});
`
Example Use case
Suppose you want to follow a commission accused of a long USD-M market order. You can use the Get /Spot /Tradingcommission final point to get the commission data:
`Javascript
CONST APikey = ‘your_api_key’;
CONST APULET = ‘Your_api_Secret’;
Async’s feature of Getlongmarketorvercommission () {
Const Response = Awaiting Axios.get (Tradingcommmission? Symbol = USDT-M);
return reply.Data;
}
Getlongmarketorvercommmission (). Then (commissions => {
Console.log (commissions);
}). catch (error => {
console.error (error);
});
`
When performing these steps, you should be able to reach the commissions taxed for your Binance APIs for your orders. Remember to replace your_api_key and your_api_secret with your real Binance API credentials.
Conclusion
Initially finding data on trade in Binance APIs may seem frightening, but in reality it is quite straightforward when you understand how to use the right rear point and parameters. As part of these examples, you should be able to follow commission data on long USDT-M market orders using both old and new versions of Binance API. Happy Trade!