So I am testing out a trading bot that's being run by a 3rd party service. I give them API access for just spot trading on my binance account and I let the bot perform trades on my account. I have very little at stake here so I am fine with risk. Over time I would like to test larger amounts however a possible attack vector is bothering me.
What this bot provider could do, to drain my account, would be to perform large amounts of purchases of a very low liquidity pair on Binance and then with a separate account sell that low volume pair at a huge profit. This would be an indirect way to drain accounts from their customers.
Is there a way to protect myself from this? Can I instruct the Binance API to only allow trading of certain (high volume) pairs?
Thanks!
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