In terms of total market share, Binance is the largest centralized cryptocurrency platform. In 2017, this burgeoning exchange opened shop and proceeded to capture the cryptocurrency trading market in less than 2 years.
Binance, the Top CEX
Binance’s market share domination, their easy to use UI, fast support staff, and the active cryptocurrency community member and CEO of Binance, Changpeng Zhao all play a significant role in Binance’s success.
In order to use Binance’s services to the utmost, users may want to look into accessing their API keys.
The Important of API Keys
An API key, according to Wikipedia, is the following:
An application programming interface key is a unique identifier used to authenticate a user, developer, or calling program to an API. However, they are typically used to authenticate a project with the API rather than a human user.
The Binance user API is created by the exchange, allowing you to transfer information from your Binance account on to another program. You can specify specifically what kind of information the program can access from your account.
Binance API keys also include an API Secret. An API Secret is essentially a password used in conjunction with the API Key, often referred to as the API Private Key.
In this example, you will see how to use your API key with a specific program (specifically, Coinigy).
Step 1
Log in to your account.
Step 2
Access your account settings page and go to API settings (circled button in the screenshot).
Step 3
Choose a name for your key and press submit.
Step 4
Copy down your API key and API secret. We recommend writing it on a piece of paper or taking a picture of it with a device that is not connected to the internet.
Step 5
Press edit and make sure “trading” is enabled. Do not press “enable withdrawals”. Leave your IP access on “unrestricted.”
Step 6
Press “Save”.
You’re done! Have fun enjoying full access to trading on Binance with Coinigy or any other trading platform.
