What Data Is Included in Daily Prices?

[rabiakhatun939]

When you download daily prices for a cryptocurrency on Binance, the data typically includes:

Open Price: The price at which the asset started trading on that day.

High Price: The highest price recorded during the day.

Low Price: The lowest price during the day.

Close Price: The final price at the end of the trading day.

Volume: The total amount of the asset traded within the day.

Timestamp: The date and time the data point corresponds to.

This is also called OHLCV data and is essential for technical analysis.

Methods to Download Daily Binance Prices
Binance API

Binance offers a REST API that allows you to fetch historical xt database candlestick data (also known as Kline data) for specific trading pairs. You can specify the interval as 1 day (1d) to get daily prices.

symbol (e.g., BTCUSDT for Bitcoin against USDT)

interval (set to 1d for daily data)

startTime and endTime (to define the date range)

This returns a list of candlesticks with OHLCV data you can store locally.

Example:
Fetching daily prices for BTCUSDT from January 1, 2023, to May 1, 2023.

Binance Data Download Portal

Binance also provides a Data Download section on its official website where users can download historical price data in bulk. This includes daily prices for various coins and pairs, often provided in CSV format for ease of use.

Third-Party Libraries and Tools

Several open-source libraries, such as python-binance or ccxt, simplify fetching Binance daily prices. They handle API requests, data formatting, and rate limits, allowing you to download and process data quickly.

Example using python-binance:

candles = client.get_klines(symbol='BTCUSDT', interval=Client.KLINE_INTERVAL_1DAY, start_str='1 Jan, 2023', end_str='1 May, 2023')

API Rate Limits: Binance enforces rate limits on API calls, so if you are downloading large amounts of data, space out your requests or use batch downloads.

Data Completeness: Some coins or pairs may have limited historical data depending on when they were listed on Binance.

Time Zones: Binance timestamps are usually in UTC. Be aware of this when analyzing daily data across different time zones.

Data Integrity: Always verify the completeness and correctness of downloaded data, especially if used for backtesting or trading decisions.

Why Download Daily Prices?
Technical Analysis: Use daily OHLCV data to calculate indicators like moving averages, RSI, or MACD.

Strategy Backtesting: Simulate your trading strategies against historical market conditions.

Market Research: Analyze trends, volatility, and price action over time.

Portfolio Tracking: Maintain records of asset prices for performance assessment.

Conclusion
Downloading daily Binance prices for specific coins is straightforward thanks to Binance’s well-documented APIs and data resources. Whether you prefer programmatic access via API calls, downloading bulk data from official portals, or leveraging third-party libraries, you can obtain detailed historical daily price data to support your trading, analysis, or research needs. Just remember to manage API limits and validate data quality for the best results.