Ethereum and Binance API Issues: A Solution for Limit Order Creation
As a cryptocurrency enthusiast and developer, you’re not alone in facing the frustration of encountering the LOT_SIZE error when creating limit orders on Binance’s API. In this article, we’ll delve into the reasons behind this issue and provide a solution to resolve it.
The Problem: OTHER_SIZE Error
The LOT_SIZE error (1013) is an internal error that occurs during the execution of a limit order on Binance’s API. The exact cause of this error can be tricky to determine, but common culprits include:
- Incorrect or missing required parameters
- Inadequate or missing market data
- Insufficient balance in your account
The Issue: Min Quantity
One potential reason for the LOT_SIZE error is an issue with the min quantity parameter. When setting the minimum quantity of a limit order, it’s possible that you’re exceeding the available margin in your account.
To troubleshoot this, let’s dive into some Python code examples and explore possible solutions.
Example Code: Binance API Limit Order Creation
import requests

Replace with your Binance API credentials and endpoint URL
api_url = "
Define the query parameters for limit order creation
query_params = {
"symbol": "ETHUSD",
Specify the asset pair
"side": "limit",
Specify whether it's a buy or sell order
"type": "order",
Order type (in this case, limit)
"direction": "buy",
Direction of the trade (buy/sell)
"quantity": 0.1,
Quantity of the order (in decimal format, e.g., 100)
"timeInForce": "good Till Canceled"
Time in force for the order
}
Set up authentication and headers
headers = {
"Content-Type": "application/json",
"X-MBX-APIKEY": "YOUR_API_KEY"
}
Execute the query
response = requests.post(api_url, json=query_params, headers=headers)
Check if the response contains any error messages
if "error" in response.json():
print("Error:", response.json()["error"]["message"])
else:
Handle successful API response
order_id = response.json()["data"]["orderID"]
print(f"Created Limit Order: {order_id}")
Solving the LOT_SIZE Error
By examining your code, you can see that setting the min_quantity
parameter to 0.1 is likely causing the error. You can try increasing this value to ensure sufficient margin in your account.
Additionally, make sure that:
- Your account balance has sufficient funds for the transaction.
- The
lotSize
(in this case,LOT_SIZE
) API call returns a successful response without any errors.
Additional Tips and Troubleshooting
To further troubleshoot the issue, consider checking the following:
- Verify that your Binance API credentials are correct and up-to-date.
- Ensure you’re using the correct API endpoint URL for limit order creation (
- Check if there are any other errors or warnings in the response JSON.
If none of these steps resolve the issue, please provide more details about your setup and environment, including your Binance API credentials, account information, and code snippets. We’ll be happy to assist you further!