I can provide you with an article on how to open a Binance WebSocket connection in Python without using a specific library. This approach will allow you to connect to the Binance API and retrieve real-time market data.

Opening a Binance WebSocket connection in Python

Prerequisites:

• A valid Ethereum wallet (such as MetaMask or MyEtherWallet)

• A Binance API account with sufficient funds

• A basic understanding of Python and web sockets

Step-by-step instructions:

• Create a new Python script: Choose a filename and create a new Python script, such as binance_websocket.py.

• Install the Binance WebSocket library: You can use the ethers library, which provides an interface to the Ethereum blockchain.

• Import the required libraries

  : Import the ethers library to interact with the Ethereum network and the websocket-connection library to establish a connection to the Binance API.

• Create a socket connection: Use the “ws” library to establish a WebSocket connection to the Binance API.

• Subscribe to real-time market data: Once logged in, use the “ethers” library to subscribe to specific Ethereum events or get the current price of an asset on the Binance platform.

Sample Code:

import ether
import websocket





Configure your credentials and wallet details for the Binance API
binance_api_key = "YOUR_API_KEY"
binance_secret_key = "YOUR_SECRET_KEY"
wallet_address = "0xYourWalletAddress"

Configure a WebSocket connection to the Binance API
ws_url = "wss://api.binance.com:44361/ws"

Create a new Ethereum contract instance (optional)
contract_abi = [
"contracts/abi/ContractAbi",
"path/to/your/contract ABI"
]
contract_address = "0xContractAddress"
def on_open(ws):
print("Connected to Binance API")
def on_message(ws, message):

Parse the incoming message
event_type = int(message["type"])
data = json.loads(message["data"])

Handle various events (e.g. market orders)
if event_type == 1:
price = float(data["price"])
print(f"Market order: {price}")
def on_close(ws):
print("Connection to Binance API lost")

Establish a WebSocket connection
ws = websocket.connect(ws_url, on_open=on_open, on_message=on_message, on_close=on_close)

Tips and variations:

*Make sure to replace the placeholders with your actual Binance API credentials and wallet details.

• You can adjust the “contract_abi” list to subscribe to specific events or Ethereum contracts on the Binance platform.

• For a more stable connection, consider using a library like ethers.js or py-solc.

• Note that this approach requires manual error handling and timeouts.

Conclusion:

Opening a Binance WebSocket connection in Python without using a specific library is a viable option. By following these steps and sample code, you can establish a connection to the Binance API and start extracting real-time market data for Ethereum.

Layerzero