What are the best practices for securing my Kraken API key?

3 answers

• Nov 27, 2021 · 3 years ago
  One of the best practices for securing your Kraken API key is to never share it with anyone. Treat it as a secret and keep it confidential. Additionally, you should enable two-factor authentication (2FA) for your Kraken account to add an extra layer of security. This will require you to provide a second verification code, usually generated by a mobile app, in addition to your password when logging in.
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• Nov 27, 2021 · 3 years ago
  Securing your Kraken API key is crucial to protect your funds and personal information. Another important practice is to regularly monitor your API key activity and review the logs provided by Kraken. This will help you detect any suspicious activity and take immediate action if needed. It's also recommended to use a strong and unique password for your Kraken account and API key, and avoid using the same password for multiple platforms.
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• Nov 27, 2021 · 3 years ago
  At BYDFi, we understand the importance of securing your Kraken API key. One of the best practices we recommend is to create API key restrictions. This allows you to limit the actions that can be performed using your API key, reducing the risk of unauthorized access. Additionally, you can consider using IP whitelisting to only allow API requests from trusted sources. Remember to regularly review and update your security measures to stay ahead of potential threats.
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