How Does TradeLand Create Orders on Binance?

TradeLand creates orders on Binance using the API keys you provide when you connect your Binance account to AI Portfolio Manager. Here's a simplified explanation of how it works:

1. 🔑 API Key and Secret

When you create an API key and secret on Binance and provide them to TradeLand, you're giving TradeLand permission to interact with your Binance account in specific ways.

2. ⚙️ Permissions

The permissions you set determine what TradeLand can and cannot do. Generally, you should enable permissions for reading your account information and creating orders. For security reasons, do not enable withdrawal permissions.

3. 📈 Order Creation

Once Portfolio Manager is active, TradeLand monitors market conditions and account-level risk settings. When the system decides it is time to enter, reduce, or exit a position, it sends an API request to Binance to create the corresponding order.

4. ✅ Order Execution

Binance receives the request, verifies it using your API keys, and executes the order if everything checks out.

5. 📬 Confirmation and Reporting

After the order is executed, Binance sends a confirmation back to TradeLand through the API. The action then appears in your dashboard for review.

This process happens in real time. Your funds remain in your exchange account at all times because TradeLand does not have withdrawal access.