Retrieve Your Binance Wallet Balance Using Python and Binance API

Binance remains a leading platform for cryptocurrency trading, offering diverse services including spot trading, margin trading, and futures. Monitoring your portfolio's value in USD or EURO is essential for informed decision-making. This guide walks you through accessing your Binance account balances via Python, handling cases where USDT pairs are unavailable, and converting values to EURO.

Step-by-Step Guide to Fetch Binance Balances

1. Obtain a Binance API Key

To interact with Binance's API, generate an API key:

Log in to your Binance account.
Navigate to API Management under account settings.
Click Create API, label it (e.g., "Python Balance Tracker"), and complete 2FA verification.
Securely store your API key and secret.

👉 Secure your API keys with best practices

2. Install the Binance Python Package

Run the following command to install the binance package:

pip3 install python-binance

3. Initialize the Binance Client

Create a Python script (binancewallet.py) and import the client:

from binance.client import Client

4. Retrieve Account Balances

The function below fetches coin balances and calculates their USD value, defaulting to BTC pairs if USDT isn’t available:

def get_account_balances():
    client = Client("API_KEY", "SECRET_KEY")
    account_balances = client.get_account()['balances']
    ticker_prices = {ticker['symbol']: float(ticker['price']) for ticker in client.get_all_tickers()}
    
    coin_values = []
    for coin in account_balances:
        symbol = coin['asset']
        balance = float(coin['free']) + float(coin['locked'])
        
        if symbol == 'USDT' and balance > 1:
            coin_values.append(('USDT', balance))
        elif balance > 0:
            if f"{symbol}USDT" in ticker_prices:
                usdt_value = balance * ticker_prices[f"{symbol}USDT"]
                coin_values.append((symbol, usdt_value))
            elif f"{symbol}BTC" in ticker_prices:
                btc_value = balance * ticker_prices[f"{symbol}BTC"] * ticker_prices["BTCUSDT"]
                coin_values.append((symbol, btc_value))
    
    return sorted(coin_values, key=lambda x: x[1], reverse=True)

5. Display Balances and Grand Total

Print balances in descending order and the total portfolio value:

def main():
    balances = get_account_balances()
    for coin, value in balances:
        print(f"{coin}: ${value:.2f}")
    total = sum(value for _, value in balances)
    print(f"\nGrand Total: ${total:.2f}")

if __name__ == "__main__":
    main()

Output Example:

BTC: $500.60
BNB: $500.65
Grand Total: $1001.25

6. Convert USD to EURO

Use Binance’s EURUSDT pair for EURO conversions:

eur_rate = ticker_prices.get('EURUSDT')
coin_values.append((symbol, usdt_value / eur_rate))  # For EURO output

FAQ Section

Q1: What if a coin lacks USDT and BTC trading pairs?

A1: Explore alternative stablecoin pairs (e.g., BUSD, USDC) or use intermediary conversions (e.g., ETH → USDT).

Q2: How often should I update my API keys?

A2: Rotate keys every 3–6 months or immediately if compromised.

Q3: Can I track multiple Binance accounts?

A3: Yes! Initialize separate Client instances for each API key.

Key Takeaways

Flexible Pair Handling: Defaults to BTC pairs when USDT is unavailable.
Multi-Currency Support: Easily convert USD values to EURO using EURUSDT.
Portfolio Insights: Sort and total balances for a clear financial snapshot.

👉 Explore advanced portfolio tracking tools

References

GitHub Repos: