How to Create and Set Up Bybit API Key
This guide will walk you through the steps of creating, configuring, and connecting your Bybit API key to the Bitsgap platform. Bitsgap is a unified trading platform that allows you to manage multiple cryptocurrency exchanges and provides tools that are not available on the exchange itself.
Overview
Bybit Unified Trading Account (UTA)
Bybit has introduced the Unified Trading Account (UTA) for more efficient management of assets. If you haven’t upgraded your account to a UTA yet, you can do so by following the instructions on the Bybit platform.
Note:
- To trade on Bitsgap, you must upgrade your Bybit account to a UTA.
- The UTA combines both spot and futures wallets, so if you are trading futures, it is recommended to use Isolated Margin to avoid risking your entire balance during liquidation.
Steps to Create and Set Up the Bybit API Key
1. Log in to Bybit
Log into your Bybit account or create a new account if you don't have one.
2. Go to the API Page
From your Bybit account settings (top-right corner), navigate to the API page.
3. Create an API Key
Click the [Create New Key] button to generate a new API key.
4. Choose the API Key Type
Select the System-generated API key option.
5. Match API Permissions
Configure the following permissions for your API key:
- Connect to Third-party Applications: Choose Bitsgap as the application name.
-
Permissions:
- Read-Write option.
- Unified Trading - on for spot and futures markets.
- Unified Trading - Contract: Enable Orders and Positions.
- Unified Trading - USDC Contracts: Enable USDC Derivatives Trading (optional).
- Unified Trading - SPOT: Enable Trade.
- Block Trade: Disabled.
- Assets - Wallet: Disable Account transfer and Subaccount transfer.
Once configured, click [Submit].
6. Pass Security Verification
Enter the email verification and 2FA codes to complete the security verification.
7. Copy Your API Key and Secret Key
Once the API key is created, copy the API Key and Secret Key. Store them securely as you will need them to complete the connection with Bitsgap. You will not be able to see these keys again once you click Understood.
8. Go to Bitsgap > My Exchanges
Log into your Bitsgap account, navigate to the My Exchanges page, and click [Add new exchange].
9. Select Bybit Exchange and Enter API Info
In the pop-up window, select Bybit from the list. Then, paste your API Key and Secret Key into the appropriate fields, and click [Connect].
10. Connection Check
After a successful connection, Bybit will appear on your list of connected exchanges with a Connected status. Your trading balance will also be visible on your Bitsgap account.
What's Next?
- Launch Your First Bot: Explore how to automate your trading strategies with our easy-to-use bots.
- Manual Trading Guide: Learn to execute precise trades using Bitsgap’s advanced trading terminal.
Need Assistance?
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap Customer Support Team.