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Creating a Binance Spot API Key

Setting up an API key for Binance Spot trading requires attention to detail and proper security configuration. This guide outlines the essential steps to create and secure your API key for automated trading.

Step-by-Step Guide​

  1. Log into Binance: Access your Binance account and verify that your account has completed all security verifications, including two-factor authentication (2FA).

  2. Access API Management: Open your profile menu in the top-right corner and select 'API Management'. This section contains all your API key configurations.

  3. Create API: Select 'Create API' and choose 'System Generated'. This generates a new key specifically for spot market trading access.

  4. Label Your Key: Set a clear, identifiable name for your API key (e.g., "Spot-Trading-Bot"). This helps you track and manage multiple API keys effectively.

  5. API Security Policy: Review the API Security Policy settings at the top of the page:

    • Keep the security policy enabled for maximum account protection
    • Only disable temporarily if you need to test configurations
    • Re-enable immediately after testing

  6. IP Whitelisting (Recommended): Enhance your security by:

    • Adding your bot's IP address to the whitelist
    • Using a static IP when possible
    • Regularly reviewing and updating whitelisted IPs This crucial step significantly reduces unauthorized access risks.

  7. Complete the Setup: Before finalizing:

    • Enable required permissions for spot trading
    • Review all security settings
    • Verify IP restrictions if configured
    • Save your API credentials securely

Binance API key creation interface showing required permissions for Gunbot

Access your API settings directly through the Binance API Management page.

Remember to store your API credentials securely and never share them. A well-configured API key ensures your automated trading runs smoothly while maintaining strong security measures. Regular security audits of your API keys help maintain the safety of your trading account.

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