common-close-0
BYDFi
Trade wherever you are!

What are the requirements for setting up a trading API key on Binance?

avatarSuraj SinghDec 16, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of the requirements for setting up a trading API key on Binance? I would like to know what information and permissions are needed to create and use an API key for trading on Binance.

What are the requirements for setting up a trading API key on Binance?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    To set up a trading API key on Binance, you need to follow these steps. First, log in to your Binance account. If you don't have an account, you can easily create one on the Binance website. Once you are logged in, go to the API Management page. Click on the 'Create API' button and enter a name for your API key. You can choose to restrict the IP addresses that can access your API key for added security. Next, you need to set the necessary permissions for the API key. Binance offers different levels of permissions, including read-only, trading, and withdrawal. Choose the permissions that suit your needs. Once you have set up the API key, you will be provided with an API key and a secret key. Keep these keys safe and do not share them with anyone. You can now use these keys to connect to Binance's trading API and execute trades programmatically.