Ethereum API Error: Insufficient Balance for Requested Action

As a cryptocurrency app developer, you’re probably no stranger to errors and limitations when interacting with third-party services. In this article, we’ll dive deeper into the issue of insufficient balance on an Ethereum account using the Binance API.

Error Code: -2010

When you encounter error code -2010 while trying to place an order on the Binance API, it indicates that there is an issue with the current balance of your Ethereum account. This error usually occurs when you request a large amount of Ether (ETH) or another cryptocurrency.

Binance API Request: POST Endpoint

To fix this issue, we need to modify our API request to account for the sufficient balance requirement. The correct Binance API endpoint is “POST /api/v3/positions/buy”, which allows us to place buy orders.

PUBLICATION 
{
"symbol": "ETH",
"side": "buy",
"quantity": 100,
"type": "market"
}

Here’s what changed:

  • The “symbol” field is now set to “ETH”, which represents the Ethereum cryptocurrency.
  • We increased the “quantity” parameter from 0 to 100, which represents a large buy order. In this example, we’re placing a buy order for 100 ETH.

Additional Parameters:

To further optimize your API request and account balance, consider adding the following parameters:

  • limit: Set limit to 1 to limit the number of positions created.
  • leverage: Enable leverage by setting leverage to true. Note that this increases the risk of losses but can provide higher returns.
  • max_price: Specify a maximum price for your purchase order. This parameter is not mandatory.

PUBLICATION 
{
"symbol": "ETH",
"side": "buy",
"quantity": 100,
"type": "market",
"leverage": true,
"max_price": "0.1"
}

Best Practices:

To avoid future mistakes, always make sure to:

  • Please check your account balance before placing orders.
  • Set sufficient leverage to reduce risk, but also consider the potential impact on your portfolio value.

By implementing these changes and best practices, you should be able to successfully place buy orders with sufficient balance in your Ethereum account using the Binance API.

Additional Resources:

For more information about the Binance API and its endpoints, please refer to the [Binance API Documentation](

If you are still having trouble or need further assistance, please feel free to ask and I will do my best to assist you.

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