websocket

When I researched on it, I start to know about that tracking the latest price on Binance is not just about watching numbers move. It is about understanding what that number really means. In simple words, the latest traded price is the most recent price at which someone bought or sold a coin. I have seen that this price keeps changing every second because trades are happening continuously.

If someone is trading or investing, they need this price to understand the current market situation.

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What Is the Latest Traded Price?

In my search, I found that the latest traded price is the price of the most recent completed trade between a buyer and a seller. It shows the current value of a coin in real time.

For example, if BNBUSDT shows a certain price, it means the last trade of BNB against USDT happened at that price. When a new trade happens, the price updates again. So it will have a dynamic nature and keep changing as long as trading continues.

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How It Is Different From Other Prices

When I researched more, I start to know about different types of prices in the market.

Open price is the first price at which a coin trades during a specific time period.
Close price is the last price of that time period.
High price is the highest value reached in that period.
Low price is the lowest value reached in that period.

These prices help us understand history and trends. But the latest traded price is different because it shows what is happening right now. It does not show past performance. It reflects immediate demand and supply.

How To Get the Latest Price Using REST API

I have seen that Binance provides something called REST API. It is a simple way to request data from Binance servers.

In my search, I found that the Price Ticker endpoint is the easiest way to get the latest price. You just request the symbol like BNBUSDT, and it will have the most recent price in response.

This method is good if someone wants to check prices occasionally or build a basic trading system.

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How To Get the Latest Price Using WebSocket Stream

When I researched deeper, I start to know about WebSocket streams. These are used when someone wants real time updates continuously without sending repeated requests.

The trade stream shows every new trade instantly. It will have details like price, quantity, and whether the buyer or seller started the trade.

This method is very useful for active traders because prices update live without delay.

How To Get the Latest Price Using WebSocket API

There is also something called WebSocket API. In my search, I found that it can give the current average price of a symbol over the last five minutes.

This is slightly different from the latest traded price because it shows an average instead of the last exact trade. It will have smoother data and can help reduce short term noise.

Why This Is Important

When I researched on it carefully, I realized that understanding the latest traded price helps traders react quickly. Markets move fast, and decisions depend on the current value.

Open, close, high, and low prices give historical context. But the latest traded price shows the real time situation. It becomes the most important reference for people who want to buy or sell immediately.

In simple words, if someone wants to stay updated in trading, they must know how to track the latest traded price. Binance provides REST API and WebSocket options, and each method will have its own use depending on how fast and detailed the data is needed.

$BNB

#BinanceAPI #cryptotrading
#SpotTrading.
#WebSocket

Assalamu Alaikum 🥰 🥀. Binance introduced a brand-new WebSocket push feature on July 28, 2025 (UTC), offering real-time access to official announcements in English. This allows users to subscribe and receive updates the moment Binance publishes them—covering listings, promotions, events, and important changes instantly. No more manual checking or delay.
Why It Matters
Stay Ahead: Traders and users get critical updates straight away, helping them act quicker on listings, airdrops, or system changes.
Language Consistency: Ensures that English announcements appear without fragmentation or translation lag.
API Integration: Developers can build tools or bots that automatically react to Binance updates—great for automated trading, monitoring, or notifications.
Binance describes this feature as a real-time announcement stream, designed to keep users informed efficiently without polling delays or dependency on third-party platforms.
Who It Benefits
User Type Benefit
Traders & Investors Receive instant listing and market updates
Developers/API Users Automate alerts, trading actions, or dashboards
Crypto Enthusiasts Be among the first to know about promos and events
$BNB #DELABSBinanceTGE #websocket

Notifying Binance P2P Sellers About Payment Transfers Using Python WebSocket Automation

In the realm of crypto trading automation, seamless communication with your counterparty is still essential. On Binance P2P, a common task is to inform the seller that payment has been sent. This can be handled automatically using WebSocket and Python — no manual actions required.

Below, we’ll explore how to retrieve chat credentials, connect to Binance’s WebSocket service, and programmatically send a message to the P2P chat notifying the seller of a payment. This approach is particularly relevant for those developing P2P bots or streamlining trade processing workflows.

✍️ This approach is based on practical examples and methodologies circulating among active developers in the crypto automation space.

🔐 Getting Chat Credentials for WebSocket
To begin, you’ll need to fetch the chatWssUrl, listenKey, and listenToken, which are required to connect to Binance's chat WebSocket.
⚠️ Code may look unformatted — Binance editor doesn’t support code blocks.
📦 The retrieveChatCredential Function
def retrieveChatCredential(): # You Api Key on binance api_key = "11111" # You Apy Secret on binance secret_key = "11111" base_url = "https://api.generallink.top" endpoint = "/sapi/v1/c2c/chat/retrieveChatCredential" timestamp = int(time.time() * 1000) query_string = f"timestamp={timestamp}" signature = hmac.new( secret_key.encode('utf-8'), query_string.encode('utf-8'), hashlib.sha256 ).hexdigest() headers = { "clientType": "web", "X-MBX-APIKEY": api_key } url = f"{base_url}{endpoint}?{query_string}&signature={signature}" response = requests.get(url, headers=headers) if response.status_code == 200: return response.json() else: print("Error:", response.status_code, response.text) return None

Once the credentials are obtained:

chatWssUrl = res_detail['data']['chatWssUrl']
listenKey = res_detail['data']['listenKey']
listenToken = res_detail['data']['listenToken']
chat_wss_url = f"{chatWssUrl}/{listenKey}?token={listenToken}&clientType=web"

🔌 Establishing the WebSocket Connection

def connect_to_websocket():
global reconnect_attempts, ws
reconnect_attempts = 0
ws = websocket.WebSocketApp(
chat_wss_url,
on_open=on_open,
on_message=on_message,
on_error=on_error,
on_close=on_close
)
ws.run_forever()

📡 WebSocket Event Handlers
on_open – triggered when the connection is established
on_message – triggered on message receipt
on_error – handles errors during connection
on_close – reconnects on disconnection
✉️ Sending a Chat Message

When you’re ready to notify the seller after sending funds:

send_message(content, order_no):
if ws_connection:
timestamp = int(time.time() * 1000)
message_uuid = generate_uuid()

response_message = {
"type": "text",
"uuid": message_uuid,
"orderNo": order_no,
"content": content,
"self": True,
"clientType": "web",
"createTime": timestamp,
"sendStatus": 0
}

try:
ws_connection.send(json.dumps(response_message))
print(f"Message sent to chat: {content}")
except Exception as e:
print(f"Message sending error: {str(e)}")

Example usage:

send_message("Hello, the payment has been made. Please release the crypto.", "789456123ABCDEF")

🧩 Full Working Example
ReadMore: https://py-dev.top/blog/crypto-exchange-development/automatic-message-sending-to-binance-p2p-chat-via-websocket-using-python
#BinanceChat #websocket