Get Your Token Balances with Python and the Binance API

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Tracking your cryptocurrency portfolio is essential for making informed trading decisions. With the Binance API and Python, you can automate the process of retrieving your spot wallet balances and calculating their value in USD or EUR. This guide walks you through setting up a secure connection to Binance, writing clean and functional code, and accurately valuing assets—even when direct USDT trading pairs aren’t available.

Whether you're monitoring daily performance or integrating balance checks into a larger financial dashboard, this tutorial provides a reliable foundation using real-time market data.

Step 1: Create Your Binance API Key

To access your account data programmatically, you’ll need an API key from Binance. Follow these steps:

  1. Log in to your Binance account.
  2. Navigate to User Center > API Management.
  3. Click Create API.
  4. Enter a descriptive label (e.g., "Portfolio Tracker").
  5. Enable two-factor authentication (2FA) for added security.
  6. After verification, copy both your API Key and Secret Key.

🔒 Important: Store these credentials securely—never share or commit them to public repositories.

This API key grants programmatic access to your account, so restrict its permissions if possible (e.g., disable withdrawal rights).

👉 Generate a secure API key today and start automating your crypto tracking.

Step 2: Install Required Python Package

To interact with the Binance API, we’ll use the official python-binance library. Install it via pip:

pip3 install binance

This package simplifies HTTP requests to Binance’s endpoints and handles authentication seamlessly.

Step 3: Set Up the Binance Client

Start by creating a Python script—name it binancewallet.py. Import the necessary module and initialize the client:

from binance.client import Client

client = Client("your_api_key", "your_secret_key")

Replace the placeholders with your actual keys. For better security, consider loading them from environment variables.

Step 4: Retrieve Account Balances and Values

The core function get_account_balances() fetches all coin holdings and calculates their value in USDT (Tether), which acts as a stable proxy for USD.

Here’s how it works:

def get_account_balances():
    client = Client("your_api_key", "your_secret_key")
    account_balances = client.get_account()['balances']
    ticker_info = client.get_all_tickers()
    ticker_prices = {ticker['symbol']: float(ticker['price']) for ticker in ticker_info}

    coin_values = []
    for balance in account_balances:
        symbol = balance['asset']
        free = float(balance['free'])
        locked = float(balance['locked'])
        total = free + locked

        if total <= 0:
            continue

        if symbol == 'USDT':
            if total > 1:
                coin_values.append((symbol, total))
        else:
            # Try USDT pair first
            usdt_pair = f"{symbol}USDT"
            if usdt_pair in ticker_prices:
                usdt_value = total * ticker_prices[usdt_pair]
                if usdt_value > 1:
                    coin_values.append((symbol, usdt_value))
            # Fallback to BTC pair
            elif f"{symbol}BTC" in ticker_prices:
                btc_pair = f"{symbol}BTC"
                btc_value = total * ticker_prices[btc_pair]
                btc_to_usdt = ticker_prices.get('BTCUSDT', 0)
                usdt_value = btc_value * btc_to_usdt
                if usdt_value > 1:
                    coin_values.append((symbol, usdt_value))

    # Sort by value descending
    coin_values.sort(key=lambda x: x[1], reverse=True)
    return coin_values

This fallback logic ensures accuracy even for less common altcoins that lack direct stablecoin pairs.

Step 5: Display Results in USD or EUR

Once you have USDT values, printing them is straightforward:

def main():
    balances = get_account_balances()
    total_usd = 0

    print("\nAsset Balances (USD):")
    for symbol, value in balances:
        print(f"{symbol}: ${value:.2f}")
        total_usd += value

    print(f"\nGrand Total: ${total_usd:.2f}")

Convert to Euros (EUR)

Binance offers an EURUSDT trading pair, so converting USD totals to EUR is simple:

eurusdt_price = ticker_prices.get('EURUSDT', 1)  # Default to 1 if unavailable
eur_value = usdt_value / eurusdt_price

Update the coin_values.append() line accordingly to store EUR values instead.

Frequently Asked Questions

How do I keep my API key safe?

Never hardcode keys in scripts. Use environment variables or a .env file with libraries like python-dotenv.

Why use USDT instead of USD?

USDT is a stablecoin pegged to the US dollar and widely used on Binance for pricing. It enables consistent valuation across trading pairs.

What if my coin has no USDT or BTC pair?

Rare tokens may require intermediate conversions (e.g., via ETH or BUSD). Extend the logic to support additional base pairs.

Can this script access futures or margin accounts?

Not in its current form. Modify it using client.futures_account() or client.get_margin_account() for other account types.

Is this method real-time?

Yes—prices are fetched live from Binance’s ticker endpoint every time you run the script.

Does Binance rate-limit API calls?

Yes. Public endpoints allow ~1200 requests per minute; private ones depend on usage weight. This script uses minimal calls and stays well within limits.

Final Output Example

Running the script might yield:

BTC: $500.60  
BNB: $320.45  
LINK: $180.20  
ATOM: $105.75  

Grand Total: $1106.00

Or, with EUR conversion enabled:

BTC: €925.11  
BNB: €592.34  
LINK: €332.88  
ATOM: €195.36  

Grand Total: €2045.69

👉 Automate your crypto portfolio tracking with powerful tools and real-time insights.

Core Keywords

By combining the Binance API with Python’s simplicity, you gain full control over how you monitor and analyze your digital assets. Whether you’re building a personal dashboard or integrating into a larger system, this approach ensures accurate, up-to-date valuations across multiple currencies.

👉 Unlock advanced trading analytics and portfolio tools with seamless integration options.