Binance — every product line, one accounting workspace
Spot, margin, futures, savings, Binance Earn — all under one read-only API key, all reconciled against on-chain truth.
Binance is the largest crypto exchange by volume and the platform most operating teams hold a fiat-on-ramp account on. The accounting wrinkle is that Binance has many product lines — Spot, Margin (Cross / Isolated), USDT-M Futures, COIN-M Futures, Savings, Earn, Launchpad — each with its own ledger. Wag3s ingests all of them under a single read-only API key, classifies trading activity (realized P&L per cost-basis method), and reconciles withdrawals / deposits against the corresponding on-chain transaction.
What the Binance integration does
Multi-product ingest
Spot, Margin, Futures, Savings, Earn, Launchpad — one API key.
Realized P&L per trade
FIFO / LIFO / HIFO applied across products.
Withdrawal / deposit reconciliation
Every Binance withdrawal matched to its on-chain transaction; same for deposits.
Funding rate + interest tracking
Futures funding rates, margin interest booked correctly.
The connection in 4 steps
Create a read-only API key on Binance
In Binance account settings, generate an API key with only the read permissions enabled (Enable Reading). Do not enable withdrawals or trading. No IP restriction is required for read-only keys.
Connect to Wag3s via the API key
Paste your API key and secret into the Wag3s exchange integrations panel. We immediately discover all active sub-accounts and product surfaces.
Wag3s ingests all product lines
Spot, Margin (Cross and Isolated), USDT-M Futures, COIN-M Futures, Savings, Earn, and Launchpad history are all pulled in a single pass. Classified activity appears in your workspace.
Withdrawal / deposit reconciliation with on-chain wallets
Every Binance withdrawal is matched to its corresponding on-chain transaction in your wallet. Deposits from on-chain are matched symmetrically, closing the loop between exchange and wallet.
Common configurations
Firm runs a high-frequency market-making strategy across Binance Spot and USDT-M Futures. Daily realized P&L from thousands of trades is booked using FIFO, funding rates are expensed, and the daily JE posts to QuickBooks automatically. What was a 2-day manual process runs in 15 minutes.
Company holds USDC in Binance Earn for yield. The finance team needs to book monthly interest income and reconcile the Earn balance against the bank-side asset entry. Wag3s tracks accrual per period and feeds the income JE to the ERP.
Fund uses multiple Binance sub-accounts (one per strategy). Wag3s consolidates activity across all sub-accounts into a single workspace, with per-sub-account P&L attribution for partner reporting.
Binance integration questions
Is the API key read-only?
Yes — we request only the read scopes (read trade, read deposit, read withdraw). Trade and withdraw scopes are not requested.
How are futures handled for tax?
Realized P&L per close, with funding rates booked separately. Per-position cost basis tracked. For some jurisdictions futures have specific tax treatment; we surface the correct classification per region.
How does Wag3s handle Binance Earn products (Simple Earn, staking, locked savings)?
Each Binance Earn product generates interest or staking income on its own distribution schedule. Wag3s ingests the per-product history via the API and books each distribution as ordinary income at the asset's fair value on the distribution date, with a cost basis established at that value. Simple Earn (flexible) distributions are booked daily; locked savings and staking rewards are booked on each payout event.
Other connectors that pair with this one.
Connect Binance in minutes
Free during Alpha. No credit card. Native sync, audit trail, no spreadsheets.