Practice runs your bot on live Binance prices with virtual money. Nothing is sent to your Binance account. It’s the step between a test and real trading.
Run it in Practice first
A new bot starts on a Practice account. Give it long enough to make several trades, and check that it does what you meant. Common surprises are a rule that fires far more often than you expected, or a stop loss that sits too close.
Practice can’t show you everything. Real orders can fill at a slightly different price, and your own nerves are different when the money is real.
Go live
- Connect your Binance account if you haven’t yet.
- Open the bot and choose to run it live.
- Check the account, the coins and the amount per trade.
- Press and hold to confirm. Real money always needs press and hold, so it can’t happen by accident.
Going live makes a separate copy of the bot. Your Practice bot keeps running, so you can compare the two.
Start small
Use an amount you can afford to lose, and raise it only after the live bot has behaved like the Practice one for a while.
The three modes
| Mode | What the bot does |
|---|---|
| Run | Opens and closes trades. |
| Track only | Opens nothing new. Keeps managing the exits of trades that are already open. |
| Off | Does nothing. Open positions stay open until you close them. |
Turning a bot off doesn’t sell what it holds. Check what’s still open.