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CRYPTOCURRENCY

Ethereum: open binance websocket and display price change not using specific library

I can provide you with an article on how to open a Binance WebSocket connection in Python without using any specific library. This approach will allow you to connect to the Binance API and retrieve real-time market data.

Opening a Binance WebSocket Connection in Python

Prerequisites:

  • A valid Ethereum wallet (such as MetaMask or MyEtherWallet)
  • Binance API account with sufficient funds
  • Basic knowledge of Python and network sockets

Step-by-step instructions:

  • Create a new Python script: Choose a file name and create a new Python script such as binance_websocket.py.
  • Install the Binance WebSocket library: You can use the ‘ethers’ library which provides an interface to the Ethereum blockchain.
  • Import the necessary libraries: Import the « ethers » library to interact with the Ethereum network and the « websocket-connection » library to connect to the Binance API.
  • Create a socket connection: Use the « ws » library to establish a WebSocket connection to the Binance API.
  • Subscribe to real-time market data: Once connected, use the « ethers » library to subscribe to specific Ethereum events or get the current price of the asset on the Binance platform.

Sample Code:

import ether

import websocket






Set up your Binance API credentials and wallet details

binance_api_key = "YOUR_API_KEY"

binance_secret_key = "YOUR_SECRET_KEY"

wallet_address = "0xYourWalletAddress"


Set up WebSocket connection to Binance API

ws_url = "wss://api.binance.com:44361/ws"


Create a new Ethereum contract instance (optional)

contract_abi = [

"contracts/abi/ContractAbi",

"path/to/your/contract ABI"

]

contract_address = "0xContractAddress"

definition on_open(ws):

print("Connected to Binance API")

definition on_message(ws, message):


Parse incoming messages

event_type = int(message["type"])

data = json.loads(message["data"])


Handle various events (e.g. market orders)

if event_type == 1:

price = float(data["price"])

print(f"Market order: {price}")

definition on_close(ws):

print("Disconnected from Binance API")


Establish a WebSocket connection

ws = websocket.connect(ws_url, on_open=on opening, on_message=on sending, on_close=on closing)

Tips and variations:

  • Make sure to replace the placeholders with your actual Binance API credentials and wallet details.
  • You can customize the contract_abi list to subscribe to specific Ethereum events or contracts on the Binance platform.
  • For a more stable connection, consider using a library such as ethers.js or py-solc.
  • Note that this approach requires manual error handling and disconnections.

Application:

Opening a Binance WebSocket connection in Python without using a specific library is a viable option. By following these steps and sample code, you can connect to the Binance API and start downloading real-time market data on Ethereum.

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