Placing Market Orders on Ethereum via Binance API: Troubleshooting Guide

Binance API is a powerful tool for interacting with the Binance exchange, but it can sometimes crash or cause issues. In this article, we will explore common issues you may encounter when placing market orders using the order_market_buy method and provide a detailed guide on how to resolve them.

Issue 1: API Error -1013: Filter Error

When attempting to place a market order, Binance may return an error code -1013: Filter Error. This error usually occurs when there are no matching market orders with the desired parameters.

Possible solutions:

• Check Price Filter: Make sure you have set a suitable price filter in your API client. You can find more information about this in our [API documentation](

• Use the limitOrder method instead: Instead of using order_market_buy, try using placeLimitOrder to place a market order. This may allow you to filter out non-market orders.

client.placeLimitOrder(symbol=symbol, quantity=quantity, side='market')

Issue 2: API Error -1: Unable to place order due to insufficient balance

When placing a market order using Binance, the exchange may not have enough funds available in your account.

Possible solutions:

• Check your account balance: Make sure you have checked your account balance and have enough funds available.

• Add more funds to your account: If possible, add more funds to your account before attempting to place a market order.

• Check your API client settings: Carefully review your API client settings to ensure they are compatible with Binance’s market order requirements.

Issue 3: API Error -2: Insufficient Resources

Binance may return an error code -2 if there are insufficient resources available on the server side. This may include issues with network connectivity, CPU usage, or memory availability.

Possible solutions:

• Check your network status: Ensure your internet connection is stable and working properly.

• Adjust your API client settings: Try adjusting your API client settings to reduce resource usage or upgrade to a more powerful client instance.

• Contact Binance Support: Contact the Binance Support team for assistance in resolving any underlying issues.

Troubleshooting Steps

• Make sure you have set a suitable price filter in your API client.

• Try using the placeLimitOrder method instead of order_market_buy.

• Check your account balance and make sure there are sufficient funds available.

• Add more funds to your account if necessary.

By following these troubleshooting steps, you should be able to resolve common issues with Binance API and successfully place market orders using the order_market_buy method.

Example Use Case

Here is an updated example code snippet that includes error handling and debugging information:

“`python

def order_market_buy(symbol, quantity):

try:

client = binance.client()

Add your API key and secret here

api_key = “YOUR_API_KEY”

api_secret = “YOUR_API_SECRET”

Set a suitable price filter

api_filter = {

‘symbol’: symbol,

‘side’: ‘market’,

‘type’: ‘limit’,

‘timeInForce’: ‘GOOD’,

Suitable for market or stop limit

‘price’: ‘0.01’,

Use your preferred price filter

‘quantity’: quantity

}

Place market order using Binance API

order_response = client.placeMarketOrder(symbol=symbol, apiFilter=api_filter)

if order_response.status_code !

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