Binance Integration — Import Crypto Portfolio to Freenance

Import Your Portfolio from Binance

Binance is the world's largest cryptocurrency exchange by trading volume, serving hundreds of millions of users globally. Whether you are a long-term holder, an active trader, or someone who uses Binance Simple Earn to generate passive income on your crypto, your Binance holdings represent a significant part of your financial life. Freenance lets you import your Binance portfolio so you can track crypto alongside your other assets — bank accounts, ETFs, bonds, and retirement accounts — in a single, unified dashboard.

Freenance supports two import methods: CSV file export for one-time historical imports and read-only API key integration for automatic, ongoing balance and transaction syncing. Both methods are designed with security as the top priority.

Why Track Binance in Freenance?

Binance offers powerful trading tools and portfolio views, but it only shows your crypto. Here is what you gain by adding Binance to Freenance:

• True net worth calculation — crypto combined with traditional assets and liabilities gives you an accurate picture of your total wealth
• Portfolio allocation analysis — see what percentage of your portfolio is in crypto versus stocks, bonds, cash, and real estate. Are you overexposed to volatile assets?
• Automatic price updates — Freenance fetches current cryptocurrency prices and displays your Binance portfolio value in your chosen base currency
• Historical performance tracking — view how your crypto portfolio value has changed over weeks, months, and years
• Financial Freedom Runway — include Binance holdings in your runway calculation to understand how long your total assets could sustain your lifestyle
• Volatility in context — a 40% crypto crash sounds terrifying, but if crypto is only 10% of your net worth, the impact is just 4%. Freenance gives you this perspective

Step-by-Step Guide: CSV Export from Binance

The CSV export method is useful for importing historical transaction data or for users who prefer not to use API keys.

Step-by-Step Guide: Read-Only API Key Integration

The API method provides automatic, ongoing synchronization of your Binance portfolio. This is the recommended approach for users who want their Freenance dashboard to always reflect current balances.

Step 1: Access API Management

1. Log in to binance.com
2. Hover over your profile icon in the top-right corner
3. Click API Management from the dropdown menu
4. You will see any existing API keys and the option to create new ones

Step 2: Create a New API Key

1. Enter a descriptive label for the key, such as "Freenance Read-Only"
2. Click Create API
3. Complete the security verification (email code, authenticator code, or both)
4. Binance will generate your API Key and Secret Key

Step 3: Configure Permissions — Read-Only Only

This is the critical security step. Configure permissions as follows:

• ✅ Enable Reading — this allows Freenance to view your balances, transaction history, and open orders
• ❌ Enable Spot & Margin Trading — do NOT enable. Freenance does not trade
• ❌ Enable Futures — do NOT enable
• ❌ Enable Withdrawals — do NOT enable. Freenance never moves your funds
• ❌ Enable Internal Transfer — do NOT enable
• ❌ Enable Vanilla Options — do NOT enable

IP Access Restriction (recommended): Binance allows you to restrict API access to specific IP addresses. If you want maximum security, enable "Restrict access to trusted IPs only" and add the relevant IP addresses. If unsure, you can select "Unrestricted" — with read-only permissions, no funds can be moved regardless.

Step 4: Copy and Secure Your Credentials

1. Copy your API Key — this is a long alphanumeric string
2. Copy your Secret Key — this is only shown once. If you lose it, you will need to create a new API key
3. Store both values securely. Do not share them publicly or in unsecured locations

Step 5: Connect to Freenance

1. Sign in to Freenance at freenance.io
2. Open Configuration → Integrations and choose Binance
3. Paste your API Key and Secret Key into the respective fields
4. Click Connect
5. Freenance will verify the connection by querying your account. If successful, your current balances and recent transactions will be imported
6. Your Binance portfolio will now appear on your Freenance dashboard

What Data Is Imported from Binance?

Freenance imports and tracks the following Binance data:

Binance Simple Earn: How It Works in Freenance

Binance Simple Earn is a popular product that lets you earn interest on your crypto holdings. Freenance handles Simple Earn data as follows:

• Flexible Savings — your assets subscribed to flexible earn products are tracked as part of your portfolio. Daily interest payments are recorded as income
• Locked Products — assets in locked earn products are tracked with their maturity dates. They count toward your net worth at their current market value
• Auto-Subscribe — if you have auto-subscribe enabled, Freenance will reflect the updated balances after each subscription cycle

Security: Protecting Your Binance Account

Security is paramount when connecting a cryptocurrency exchange. Here is how Freenance protects your data, and what you can do to stay safe:

Read-Only API Keys: What They Mean

A read-only API key can only view data on your Binance account. It cannot:

• Execute trades (buy or sell any asset)
• Withdraw funds to any wallet
• Transfer assets between wallets
• Change account settings
• Create or modify orders

Even if a read-only API key were stolen, the attacker could only see your balances — they could not move a single satoshi.

How Freenance Stores Your API Keys

• API keys are encrypted at rest using industry-standard encryption
• Keys are never stored in plain text
• Keys are never logged in application logs
• Keys are never shared with third parties

Additional Security Recommendations

1. Enable 2FA on Binance — use Google Authenticator or a hardware key (YubiKey) for maximum protection
2. Use a strong, unique password — do not reuse your Binance password on any other service
3. Enable anti-phishing code — Binance allows you to set a custom anti-phishing code that appears in all legitimate Binance emails
4. Review API keys regularly — check your Binance API Management page periodically and revoke any keys you no longer use
5. Set IP restrictions — if you know the IP addresses that need access, restrict your API key accordingly

Tax Considerations for Crypto

Cryptocurrency gains are subject to capital gains tax in most jurisdictions, including Poland (19% flat tax on crypto gains). While Freenance is not tax software, it helps you with tax preparation by:

• Tracking all buy and sell transactions with dates, amounts, and prices
• Calculating realized gains and losses on closed positions
• Providing a complete transaction history that you can share with your accountant
• Distinguishing between different transaction types (trades, staking rewards, airdrops)

Important: Always consult a qualified tax professional for your specific tax situation. Crypto tax rules vary by country and can change frequently.

Crypto as Part of Your Portfolio

One of the most powerful features of Freenance is the ability to see crypto in context. Consider these scenarios:

• Scenario 1: Your Binance portfolio is worth $10,000 and it drops 50%. Terrifying? Only if it is your entire net worth. If your total assets are $200,000, that is a 2.5% impact on your wealth
• Scenario 2: Bitcoin doubles in value. Your Binance portfolio is now a much larger percentage of your total assets. Should you rebalance? Freenance shows you the shift in allocation
• Scenario 3: You are building a 6-month emergency fund. Your Binance crypto should probably not count toward that because of its volatility. Freenance lets you separate liquid, stable assets from volatile ones

This kind of perspective is impossible when you look at each account in isolation.

Troubleshooting Common Issues

Problem: API connection returns "Invalid API Key"

Solution: Verify that you copied the API Key and Secret Key correctly. They are case-sensitive and should contain no leading or trailing spaces. If you cannot retrieve the secret, delete the old key and create a new one in Binance API Management.

Problem: Some assets are missing from the import

Solution: Check where your assets are stored on Binance. Assets in the Spot wallet are always imported. Assets in Earn products, Funding wallet, or other specialized wallets may require the API to have broader read permissions. Ensure "Enable Reading" is checked for all product types.

Problem: Staking rewards not showing

Solution: Staking rewards from Simple Earn are typically imported as distribution transactions. If they are not appearing, try a manual CSV export from Binance Reports → "Distribution" and import that file separately.

Problem: CSV export takes too long or fails

Solution: For accounts with extensive trading history, Binance may need several minutes to generate the CSV file. Try exporting shorter date ranges (e.g., 3 months at a time) and importing each file separately. Freenance will merge the data automatically.

Problem: Duplicate transactions appear after re-import

Solution: Freenance has built-in duplicate detection based on transaction ID, date, and amount. If duplicates still appear, they may be genuinely separate transactions with identical parameters. Check the transaction details carefully before merging or deleting.

Frequently Asked Questions

Is it safe to give Freenance my Binance API key?

Yes, as long as you create a read-only API key. Read-only keys can only view your data — they cannot trade, withdraw, or modify anything on your account. This is the standard approach used by portfolio trackers worldwide.

Can I import from both Binance and Bybit?

Absolutely. If you use multiple crypto exchanges, import from all of them. Freenance will merge your holdings into a unified crypto portfolio view, showing total balances per coin across all exchanges.

How often does Freenance update my Binance balances?

With API integration, Freenance syncs balances periodically (typically every few hours). You can also trigger a manual refresh from the Freenance dashboard.

What if Binance is restricted in my country?

If you have an existing Binance account with historical data, you can still export CSV files and import them into Freenance for historical tracking. API connections may not work if Binance has restricted access from your region.

Can I track Binance NFTs in Freenance?

NFT support is currently limited. Fungible token balances (coins and tokens) are fully supported, but NFT valuations require additional data sources that are being developed.

Start Tracking Your Complete Portfolio

Your Binance crypto is one piece of your financial puzzle. With Freenance, you see the complete picture — crypto, cash, investments, and debts — all in one place. Make smarter financial decisions with full visibility into your net worth.

👉 Add your Binance crypto to Freenance — freenance.io