I'm struggling to deploy my algorithm online using Binance Futures due to continuous “Insufficient buying power” errors. My algorithm is set up to trade cryptocurrency pairs like BTCUSDT and SOLUSDT, as I prefer USDT pairs due to their higher trading volume.
However, it seems that in recent months, Binance has restricted holding balances in USDT and only allows USDC. I suspect this is causing the “Insufficient buying power” errors, as my algorithm is trying to trade USDT pairs, but my account only has USDC, which Binance now enforces as the only allowable stablecoin to hold.
Is there a solution to this issue? How can we trade USDT pairs if our account balance is limited to holding USDC?
Live Handled Error: Order Error: ids: [37], Insufficient buying power to complete orders (Value:[1.197]), Reason: Your portfolio holds 0 USDT, 0 USDT of which are reserved for open orders, but your Buy order is for 0.1 LINK. Your order requires a total value of 1.197 USDT, but only a total value of 0 USDT is available.
Mia Alissi
Sources: Requesting Data - QuantConnect.com, Crypto Trades - QuantConnect.com, Bybit Crypto Futures Regression Algorithm, Stable Coins Regression Algorithm, Binance - QuantConnect.com
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Stamatis
Your solution does not work. The proposed conversion does not work. None of your solutions worked for me. After spending other 1000 euro in backtesting servers i have to realise that finally we are not able to trade USDT crypto future pairs in Binance Global through Quantconnect anymore, and nobody cares to resolve this serious problem.
Stamatis
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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