This guide walks you through connecting Binance Futures to your Parfin account. This assumes that you already have a valid administrator account in Parfin and that you have a valid and verified Binance account.
1. Preparing Parfin
As an administrator, log into your Parfin account, go to “Settings” > “Counterparties” and click “Connect Counterparty”
Select “Exchange” from the tabs, select “Binance Futures (COIN-M)” from the dropdown
Give this connection a name (this name will show up across your account)
Fill the field Account Id with your Binance Account. Note: This field is used to relate Account and Sub-Account. It is important to use the same number on both counterparties.
2. Creating Read-only keys
In a different tab, Log in to Binance (binance.com)
Go to Security -> Settings -> API Management (https://www.binance.com/en/my/settings/api-management)
Give the API a nickname: “Parfin Read Only”. Click Create API.
Validate Security verification.
Click on “Edit Restrictions”.
Keep options “Enable Reading” and “Enable Futures” checked and Save
Copy “API Key” and “Secret Key” then Paste them into the "Read Only Keys” section at Parfin
3. Creating Transactional keys
Still, on API Management enter a new API key label called “Parfin Transactional” and click on Create API button.
Validate security verification.
Click on “Edit restrictions”
Enable options “Enable Reading”, “Enable Spot & Margin Trading” and "Enable Withdrawals".selected
In the “IP Access Restrictions section” select the option “Restrict access to trusted IPs only (Recommended)” and input the following IP Address:
- Production environment: 18.135.67.109
- UAT environment: 3.9.99.37
Select options “Enable Futures” and “Permits Universal Transfers”.
Note: This option will be shown if you have created a Futures Account on Binance.
Click Save and enter your 2FA.
Follow the same steps as the Read-only keys above and input information into the “Transactional Keys” section at Parfin
4. Finishing Up
Back in Parfin click on “Connect”. If any error is shown, check the keys you copied & pasted and if necessary, repeat steps 2 and 3 above.
After a successful setup and a success message, you are able to see a correct balance on the Dashboard.
5. Creating Whitelisted Withdrawal addresses in Binance
To enable withdrawals through Parfin it’s mandatory to whitelist Parfin’s addresses at Binance. To do so please follow the instructions below.
Go to Security -> Address Management -> Manage
Click on “Add Withdrawal Address”
Enter an “Address Label” for the desired Whitelisted Address (example: “Parfin BTC”)
Select the Coin.
Go back to Parfin, on the Settings > Wallets section, Copy the address of the desired asset.
Paste the address on the Binance field.
Select network.
Click on “Address Origin” and select “Wallet Address”. Select “others” and wallet name “Parfin”.
Enable option “Whitelist on”.
6. OPTIONAL - Test Sending a Transaction
Go to the Parfin dashboard, click on "Send" and create a transaction to send money from your Binance Futures to your Parfin Internal Wallet. Do this for both BTC and ETH to make sure everything is working.
Congratulations, your new connection to Binance Futures is completed!