Convert small balances from binans to Ethereum using Python
As a developer working with cryptocurrencies, you are probably familiar with the need to manage small balances. Although Binance’s official API does not simply provide a solution for this task, we will investigate alternative approaches to transform your small Binance balances into Ethereum.
Why can’t I just use Binance API?
Binance’s official API is designed mainly for larger transactions and downloads. Although it is possible to use API to request conversion (eg USD in ETH), the process involves multiple steps, including:
- Request conversion using the end point
get/api/v3/conversion
- Receive the converted amount as an answer
- Using the converted amount for additional transactions
However, this approach requires additional effort and may not be suitable for small balances.
API restrictions on Binance
To convert small Balances from Binance to Ethereum, you will need to use an alternative method. One of the options is to send a request forsol_viaeth to blockchain Solana (SOL), which allows fast and cheap transactions between portfolios of different chains.
Using Sol-Viath’s API of Solana
To convert small Balances from Binance to Ethereum using Solana, you will need:
- The solana portfolio with a balance of ETH
- Binance API’s client library (e.g.
- The Customer’s Library of Solana API (
Solana) for interaction with the Sol-Viath Channel
Here is an example of an example level of code fragment to get started:
`Python
binant
Imports solana
Set up a Binance API client
binance_client = binance.client ()
binance_client.api_key = “your_binance_api_key”
binance_client.api_secret = “your_binance_api_secret”
Set the Solana wallet with ETH Balance
Solana_wallet = Solanawallet (“Your_Solana Wallet_Public_Key”, “Your_Solana_wallet_Secret”)
Define the conversion parameters (eg amount, price per SOL)
Conversion_params = {
‘Sum’: 0,1,
Example: 10 Sol to 100 ETH
‘Solo_Price’: Solana_Client.get_Price (“Sol”),
current price
}
Send the conversion request
Solana_request = Solanawallet.send_sol_via_eth (Conversion_params)
`
Note: This fragment of codes is a simplified example and may require modifications to work with your particular case of use.
In this article, we studied alternative approaches to transform small binans into Ethereum using Python. By sending requests to the Solana blockchain, you can effectively transfer ETH without relying on Binance API for conversions.