How to Set Up VelosBot on Binance

VelosBot keeps your Binance P2P ads at the front of the list automatically. You control everything from the phone app. This guide shows you every setting in simple steps. The whole setup takes about 5 minutes.

Before you start, do the two things in the videos above: install the Windows bot and the Android app, and create a Binance API key with Reading only turned on. If you have not made the key yet, follow our read-only Binance API key guide first — it is the safest way, and the key can never move your money.

When you open the app, you paste your license and choose Binance. Now you see the Home screen. It has three main things to set up: Settings & Filters, Buy Bots, and Sell Bots. On Binance you can use five coins: USDT, USDC, BTC, ETH, and BNB.

Setting 1 — Settings & Filters

Tap ⚙ Settings & Filters. These settings work for your whole account (all coins). This is the "Market" part:

• Fiat (PLN, PKR, EUR…) — the money you trade in. Type the code, for example PLN. It is saved in capital letters.
• Update Interval (1–10 min) — how often the bot checks the market and changes your prices. Default: 1 minute. You can set any number from 1 to 10.
• DRY-RUN (search only, do NOT update real ads) — a test mode. When it is on, the bot only looks and writes notes, but it does not change your real ads. It is off by default, so the bot prices for real. Turn it on only when you want to test.

The "Compete With" part decides which sellers and buyers the bot treats as your competition:

• Verified Merchants — on by default
• Pro Merchants — on by default
• Regular Users — off by default

Then there are two safety filters:

• BTC Filter Threshold — skips any competitor who asks the buyer to hold a big amount of BTC. Type 0 to turn this off (default).
• Skip KYC-restricted ads (recommended) — ignores ads that force extra ID checks on the buyer. Most people cannot trade with those. On by default.

And two lists:

• Payment Methods — type the ones you accept, separated by commas, for example BANK, BLIK, REVOLUT. Leave it empty to allow all.
• Blocked Merchants — type the nicknames you want the bot to always ignore, separated by commas.

Tap Save when you finish.

Setting 2 — Buy Bots

Tap 📈 Buy Bots. You will see one card for each coin: USDT, USDC, BTC, ETH, BNB. Each card shows how many ads you have set up. If a coin says "Locked — contact provider to unlock", it is not turned on for your license yet.

Tap a coin (for example USDT BUY) to open its settings.

Price Mode — how your price is decided

• Fixed price — your price is a set money amount (for example, 4.05 PLN for 1 USDC). Best for stablecoins (USDT, USDC).
• Floating % — your price is a percentage of the live market price (for example, 95% means 5% below the market). Best for BTC, ETH, and BNB.
• Price Step (called Step % in floating mode) — how much you beat the best competitor by. Default: 0.01. In floating mode this is in percent, for example 0.1 = 0.1%.
• Sibling Spread (called Sibling Spread % in floating mode) — the smallest gap kept between your own two ads, so they never sit at the same price. Default: 0.05 (fixed) or 0.6 (floating). Set it to 0 to turn it off.

Ad #1 and Ad #2 — you can run up to two ads per coin

For each ad, fill in these boxes:

• Ad ID — your Binance ad number. Leave it empty if you do not use this slot.
• Max Price — the highest price you will ever pay. The bot will never go above this. (In floating mode it is called Max % — you will not go above this % of the market price.)
• Default Price — the price to use when the bot finds no competitors.
• Min Limit — only compete with ads whose minimum order is at least this amount (in your money). 0 means off.
• Max Limit — only compete with ads whose minimum order is at most this amount (in your money). 0 means off.
• Minimum Quantity — skip competitors who offer less crypto than this. 0 means do not filter.

Tap Save.

Setting 3 — Sell Bots

Tap 📉 Sell Bots. This works the same way as Buy Bots — the same coins and the same boxes — but for your selling ads. There is only one difference:

• Instead of Max Price, you see Min Price — the lowest price you will ever sell at. The bot will never go below this. (In floating mode it is Min % — you will not go below this % of the market price.)

Everything else — Price Mode, Price Step, Sibling Spread, Default Price, Min Limit, Max Limit, Minimum Quantity, and the two ad slots — is the same as Buy Bots.

That is it — you are done

Save all three screens and start the bot from your Windows PC. VelosBot will now watch the market and keep your ads in front, 24 hours a day. It only changes the price of your ads — it never touches your balance, your limits, or your payment methods.

Simple rule to remember: you set the limits (Max Price / Min Price and Default Price) and how hard to push (Price Step). The bot does the rest and re-prices for you every minute.

Setup takes about 5 minutes and the bot is 100% free. If you would still like us to set it up for you, we offer a done-for-you setup for $100 — just contact us and send a screenshot of your payment to confirm.

Ready to start? Download VelosBot for Windows and Android, or go back to the homepage to see how the auto-pricing works.