Binance has introduced a mandatory STP (Self-Trade Prevention) feature for all Binance spot and margin trading users, meaning that you cannot buy and sell coins to yourself. The STP feature prevents unintentional transactions involving a single API user, ensures compliance and data security, and saves API users from paying unnecessary trading fees. The MoonBot terminal for the Binance exchange provides protection against self-trading STP when attempting to sell (or buy) at your own limit, the Buy order will be cancelled;
– if you have a Sell order, then when you try to buy it back at market price from yourself, the purchase will not go through and the Sell order will remain.
– If you have a Buy order and your Sell order is thrown into it, the Sell order will be moved and your Buy order will be cancelled.
Is it possible to sell a coin to myself or buy from myself in the MoonBot terminal for the Binance exchange?
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General questions
