Connect Binance to Freenance: Track Crypto Alongside Traditional Assets

Crypto is part of your net worth. Whether you hold 500 PLN or 500,000 PLN in Bitcoin and altcoins, tracking it alongside your bank accounts, ETFs, and savings gives you the complete picture. Freenance connects to Binance directly through a read-only API key — once configured, your portfolio refreshes automatically and is shown alongside the rest of your finances.

Step 1: Create a read-only API key on Binance

1. Sign in to binance.com and complete 2FA.
2. Hover over your profile icon and choose API Management.
3. Click Create API, pick System-generated, and label it (e.g. "Freenance Read-Only").
4. Configure permissions — this is the critical security step:
   • ✅ Enable Reading — required, lets Freenance see balances and transactions
   • ❌ Enable Spot & Margin Trading — leave OFF
   • ❌ Enable Futures — leave OFF
   • ❌ Enable Withdrawals — leave OFF
   • ❌ Enable Internal Transfer — leave OFF
5. Optionally restrict access to specific IP addresses for extra security.
6. Copy your API Key and Secret Key. The Secret is shown only once — store it securely.

Step 2: Connect Binance in Freenance

1. Sign in to Freenance.
2. Open Configuration → Integrations and pick Binance.
3. Paste the API Key and Secret Key.
4. Click Connect. Freenance verifies the key, pulls your current balances and recent transactions, and keeps them refreshed in the background.

What you see in Freenance after connecting

• Total crypto portfolio value in PLN, updated with current market prices
• Individual coin holdings (BTC, ETH, USDT, etc.) with current value and cost basis
• Crypto as percentage of net worth showing how your digital assets compare to traditional investments
• Staking and Earn income tracked as investment income
• Transaction history for tax reporting purposes

Multi-exchange support

If you hold crypto on multiple exchanges (Binance, Bybit), connect each separately. Freenance aggregates all crypto holdings into a single view while tracking each exchange's positions independently.

Security

• A read-only API key cannot trade or move funds, so even if compromised it cannot drain your account.
• Freenance stores API secrets server-side as encrypted secrets — they're never exposed to the browser or logged.
• You can revoke the key at any time on Binance, and disconnect the integration in Freenance settings.

Tax reporting

Polish tax law requires reporting crypto transactions on PIT-38. Freenance keeps a full transaction log indexed by date and instrument, which makes the FIFO cost-basis calculation much faster — you can either fill in PIT-38 yourself or hand the export to your accountant.

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FAQ

Can Freenance trade or withdraw crypto from my Binance account?

No — Freenance asks you to create a read-only API key with only the Reading permission enabled. Spot trading, futures, withdrawals, and internal transfers should all be left off, which means even a leaked key cannot move your coins.

How often does Freenance refresh my Binance balances?

After you connect Binance, Freenance pulls your balances and recent transactions on a regular schedule in the background, so the dashboard stays close to live without manual refresh. You can also disconnect and reconnect any time from Configuration → Integrations.

Do I need to report Binance activity for Polish taxes?

Yes — crypto disposals are reportable on PIT-38 in Poland, and you are responsible for calculating cost basis and gains. Freenance keeps a full transaction log indexed by date and instrument to speed up FIFO calculation, but it does not file taxes for you and is not a tax-advice service.

Can I track crypto on multiple exchanges in one Freenance account?

Yes — connect Binance, Bybit, or other supported exchanges as separate integrations and Freenance aggregates them into a single crypto view. Each exchange's positions remain tracked independently so you can still see where each coin sits.

What happens if I revoke the API key on Binance?

If you delete or disable the key in Binance's API Management, Freenance simply stops receiving updates and the next refresh will fail silently. Your historical data inside Freenance remains intact, and you can connect a new key any time without losing context.