# How do I start live trading? **Paper first. Then a Binance API key. Then Go live.** That is how this Binance trading bot starts live trading. Live is real money on [binance.com](https://www.binance.com) Spot. Do not skip paper. [How paper trading works →](/help/how-does-paper-trading-work) ### Create the live key This is a **binance.com** API key. Not testnet. Free. Do it on a computer. The secret is shown **once**. Binance will not turn on Spot trading without a trusted IP. CryptoBud emails you the IP for **your** cloud box. Find that mail first. 1. On [binance.com](https://www.binance.com): Profile icon → **Account** → **API Management** → **Create API** 2. Complete 2FA 3. Turn **on:** Enable Reading, Enable Spot & Margin Trading 4. Leave **Enable Withdrawals off**. If the key can send coins off Binance, bud refuses it 5. Turn on **Restrict access to trusted IPs only** and paste the IP from the email 6. Copy the API key and the secret That key only works from your box. Binance’s own steps: [How to create API keys on Binance](https://www.binance.com/en/support/faq/detail/360002502072) ### Paste it in the app In the [iPhone app](/get) or the [web app](/pwa), open your server → **Go live**. - Mode: **Binance.com (real money)** - Paste the API key and secret - Confirm A bad key stays on the sheet with an error. Do not wait for a wallet number here. **Go live** copies your paper pairs, style, and budget onto Live. Paper keeps running. Open lots and paper profit stay on paper. Live starts a fresh book. ### Put USDT on Spot The bot trades **USDT** on Binance Spot. Fiat you deposit is not that. On [binance.com](https://www.binance.com): Wallet → **Fiat and Spot**. Deposit, then convert that fiat to **USDT**. Leave it on Spot. Funding, Earn, and Futures stay put. The bot cannot spend those. No Spot USDT means no live buys. ### Set the live budget The key does not pick a budget. After **Go live**, tap the **Wallet** tile. Type how much this bot may trade. Apply. **Fit to wallet** is a tap, not automatic. Use it if you want the budget to match the Spot USDT you just put there. If Fit shows $0, the coins never landed on Spot. Two live Bud Boxes, or a live sandbox, on the same Binance account: do not tap Fit and trust the number. Each tap sees the same Spot total. The other bot is invisible. Split the USDT yourself. Type the share for this bot. Do not run live on a sandbox if you can help it. You or Bud Intelligence can delete a sandbox. The Bud Box stays. Put real-money keys on the main Bud Box. $1,000 on Spot and two live bots? Set $500 and $500. Or $700 and $300. You pick. **Fit to wallet** would put $1,000 on each. Trades can leave crumbs too small to sell. Convert those in the Binance app. [What to do with leftover coins →](/help/what-do-i-do-with-leftover-coins-on-binance) Trades pay Binance’s usual Spot fees. Usually 0.1%. [More than one server on the same wallet →](/help/can-i-connect-to-multiple-trading-servers) ### Or promote one pair Do not dump every paper pair into live. Pick a winner. 1. Long press on the server in live mode → **Set Binance key** 2. Long press on the pair in paper mode: **Promote** → destination **Live** Promote copies that pair’s strategy and risk. Positions do not come along. You can leave the pair disabled on arrival and turn it on when you are ready. Use **Go live** when you want the whole setup. Use **Promote** when you want one pair. [Check the test-then-promote loop →](/help/how-does-paper-trading-work) ### Can I change the plan after I go live? Yes. You can change the stop-loss on an open live trade, and the rest of the plan with it. Long press the pair → **Strategy**. Then change what you want: - **Stop loss** and **Take profit** - **Trailing stop** - How big the pair can get — **Max position**, **Max lots** - **Entry logic** — what the crypto trading bot watches before it buys Tap **Apply**. Open lots use the new exits. New buys use the new plan. [Each knob on that sheet →](/help/how-do-i-change-a-pairs-strategy) The market turns and the stop-loss is close? Widen it and give the trade more room. Want out sooner? Tighten it. Same sheet. Need the bot off right now? Pause or Stop on the Live tab. Sell a lot with **Take now**. [How to stop live trading →](/help/how-do-i-stop-live-trading) ### If it fails - Withdrawals on → create a new key with withdrawals off - Spot trading off → turn on Enable Spot & Margin Trading - Wrong IP → the email IP, not your phone’s IP - Binance.US key on Binance.com (real money) → pick **Binance.us (real money)** instead. Those are different exchanges. - Testnet key on Binance.com (real money) → will not work. Those are different keys Paper is the CryptoBud test. Testnet is extra: the live path with fake USDT, orders hitting Binance’s matching engine. Do that on a **sandbox** (tap **+** → New Sandbox), then Go live with **Binance Testnet (fake money)**. Keys come from [testnet.binance.vision](https://testnet.binance.vision). Host Go live with testnet works; it latches that box’s live book to testnet but is irreversible. CryptoBud can run paper, live testnet, live on binance.com, and live on binance.us. Pick the venue in **Go live** or **Set Binance Key**. A Bud Box runs one live venue. To change it, close open live lots, then email [support@cryptobud.app](mailto:support@cryptobud.app). [Terms of Use →](/terms) Keys live on your private cloud box. [How exchange access stays scoped →](/help/is-my-exchange-access-secure)