Creating a Binance US API Key for Your Crypto Trading Bot

For Gunbot users trading on Binance US, setting up an API key is a crucial step in integrating your crypto trading bot with the platform. This guide provides a detailed walkthrough on how to create a spot API key on Binance US, ensuring that your bot can operate securely and efficiently.

Step-by-Step Guide

1. Log into Binance US: Begin by logging into your Binance US account. Ensure that your account is fully verified to enable API access.

2. Open API Management: Navigate to your account profile and select 'API Management' from the dropdown menu. This section allows you to manage existing API keys or create new ones specifically for your trading bot for crypto.

3. Create Your API Key: Click on 'Create API' and choose the 'System Generated' option. This will initiate the creation of a new API key, which your crypto trading bot, like Gunbot, will use to interact with the Binance US platform.

4. Label Your API Key: Assign a descriptive label to your API key. This label helps in quickly identifying the key, especially when managing multiple bots or trading strategies. For example, you could label it 'Gunbot Spot Trading' if it's dedicated to spot market trades.

5. IP Restriction (Recommended): For enhanced security, it is strongly recommended to restrict the API key to specific IP addresses. By whitelisting the IP address used by your Gunbot instance, you add an extra layer of security, preventing unauthorized access to your trading bot's API key.

6. Set API Key Permissions: Carefully configure the necessary permissions for your API key. Ensure that you enable only the permissions required for your trading activities, such as 'Enable Spot Trading'. Avoid enabling withdrawal permissions unless absolutely necessary, as this can pose security risks.

7. Finalize the API Key Setup: Review all your settings to ensure accuracy, then finalize the creation of your API key. Binance US may require additional security confirmations, such as Two-Factor Authentication (2FA) or email verification, to complete the process.

To directly access the API settings for Binance US, visit Binance US API Management.

Properly creating and securing your Binance US API key is essential for a smooth and secure trading experience with your crypto AI trading bot, such as Gunbot. This API key enables your bot to execute trades on your behalf, in line with your predefined strategies, while maintaining a high level of security.

By following these steps, you'll ensure that your trading bot is correctly connected to Binance US, allowing you to automate your trades and manage your crypto portfolio with confidence.

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