How to create and set up Binance API key
In this article, we will guide you on how to create, configure, and connect your Binance and Binance Futures API key to the Bitsgap platform.
Bitsgap allows you to work with multiple cryptocurrency exchanges from a unified interface. To facilitate this, all trading operations are created and processed through an exchange API key, which is secure and ensures no access to personal data or fund management (withdrawals & deposits).
Overview
- Connecting Binance Fast API: A quick and secure method using OAuth 2.0 for user authentication. This allows you to create API keys and connect them to Bitsgap without manual input.
- Manual Connection of Binance API Keys: This involves creating API keys manually on Binance and then connecting them to the Bitsgap platform.
Binance Fast API Setup
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Open Futures Account (optional):
- Log in to your Binance account. If you plan to connect Binance Futures, go to Wallet > Futures to open your Futures account and follow the instructions provided by the Binance exchange. When you complete all steps, your Binance Futures account will be open - this will allow you to trade on your Binance futures account via Bitsgap.
- If you're only using the Spot market, you can skip this step.
Note: Read our detailed guide about How to open a Futures wallet on Binance.
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Go to My Exchanges on Bitsgap:
- Log in to your Bitsgap account and navigate to the My Exchanges page.
- Click [Add new exchange].
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Select Binance and Choose Fast Connect:
- Choose Binance from the list, click [Fast Connect] and [Connect].
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Log in to Your Binance Account:
- You will be redirected to the Binance website to log in.
Note: Fast API key creation does not give access to your account or transfer any personal information.
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Connection Check:
- After successful authorization, you'll be automatically redirected to the My Exchanges page on Bitsgap.
- If everything is done correctly, Binance will appear with the "Connected" status and your available trading balance will be displayed.
Manual Connection of Binance API Keys
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Log in to Binance:
- Log into your Binance account (or create a new one if needed).
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Open Futures Account (optional):
- If you plan to connect Binance Futures, go to Wallet > Futures to open your Futures account and follow the instructions provided by the Binance exchange. When you complete all steps, your Binance Futures account will be open - this will allow you to trade on your Binance futures account via Bitsgap.
Note: Read our detailed guide about How to open a Futures wallet on Binance
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Go to API Management:
- Navigate to Account Settings (top-right corner), and then to API Management.
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Create an API Key:
- Click on [Create API] to generate a new API key.
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Choose API Key Type:
- Select System Generated API key type and click [Next].
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Label Your API Key:
- Name your API key (for example, "Bitsgap API") for easy reference.
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Pass Security Verification:
- Complete the email verification and 2FA code to confirm the creation of your key.
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Go to My Exchanges on Bitsgap:
- Log in to your Bitsgap account and go to the My Exchanges page.
- Click [Add new exchange].
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Select Binance and Choose Manual Connect:
- Copy the list of trusted IP addresses and save them (e.g., in a notepad) for future use.
- Match API Key Restrictions:
- In the API key settings on Binance, click [Edit restrictions] and set the required permissions.
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Enable the following:
- Reading (enabled by default)
- Spot & Margin Trading
- Futures (optional)
- Add the copied IP addresses under IP Access restrictions.
- Security Verification:
- Complete the 2FA and email verification to apply the changes.
- Copy API Key and Secret Key:
- Copy both the API Key and Secret Key for use in Bitsgap.
- Go Back to Bitsgap > My Exchanges:
- In the pop-up window, paste your API Key and Secret Key.
- Click [Connect].
- Connection Check:
- Once the connection is established, your Binance account will show as "Connected" and display the available trading balance.
Note: Binance has updated its API services, and as of August 9, 2021, only users who have completed intermediate verification can create new API keys. For more details, refer to the official announcement on Binance.
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.