API Key Setup Example
Setting Up an API Key on Kraken (similar for other CEXs)
Last updated
Setting Up an API Key on Kraken (similar for other CEXs)
Last updated
Using API keys to integrate a CEX with our trading bot enhances your trading capabilities while maintaining security. Always handle API keys with care, and ensure you understand the permissions you're granting.
Step 1: Log in to Your Kraken Account
Navigate to the Kraken website and log in to your account.
Step 2: Access API Management
Once logged in, find the "Security" or "API" section in your account settings. This is usually found under your account menu or in the settings area.
Step 3: Create a New API Key
In the API section, click on "Add Key" or "Create New Key".
You might need to go through additional security checks (like 2FA) to proceed.
Step 4: Configure Your API Key
Key Description: Enter a name for your API key. This is just for your reference.
Key Permissions: Select the permissions you want to grant. For trading bots, you typically need permissions like query funds, query open orders and trades, and manage orders. DO NOT ENABLE WITHDRAWLS.
Key Restrictions: Do not restrict IP address so our bot can access it.
Step 5: Generate the API Key
Once you have configured your settings, click on "Generate Key".
You will be presented with an API Key and Private Key. Copy these and store them securely.
Step 6: Secure Your Keys
Never share your API keys or private keys publicly.
Store them in a secure location.
Step 1: Access Strategy Setup On Our Bot
Use the /start command on Robotrade and add a new strategy. Checkout the /start page of our documentation for help.
Step 2: Enter API Key Details
In the relevant fields, enter the API Key and Private Key that you generated from Kraken.
Step 4: Start Trading
Once the buy or sell conditions are met, trades will be placed through your API key and exchange account.
Regularly monitor your API activity for any unauthorized access.
Consider updating or rotating your API keys periodically.
Ensure your computer and network are secure.
Invalid Key Error: Double-check that you copied the API Key and Private Key correctly.
Permission Denied: Make sure you selected the correct permissions when creating the API key.
Connection Issues: Verify your internet connection and if Kraken's API is operational.
