The Crypto.com API is one of the finest examples of the growing industry’s trading automation mechanisms. The Crypto.com API can help you automate everything, from the simplest tasks to the more complex ones. Here’s everything you need to know.
For all activities that involve real-time market execution, such as automated trading techniques and arbitrage opportunities, they work best.
API Key Management
How to Generate an API Key
Follow the steps below to generate an API key on Crypto.com:
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- Open the ‘API Keys’ option from the list of features available under settings after logging in to your Crypto.com.
- To create a new API key, click on the corresponding button then choose from the given options.
- Fill in the name you would like for your new API key, ensure that it is unique before proceeding with the confirmation step.
- While you can privately share the secret key, the public one can be shared with other applications. The system will create a public and proprietary secret key along with the private key.
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API Key Management
It is possible to update some features such as permissions and API key status after the generation of the API key. This can be done under ‘API Keys’ section such as.
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- Activate an expiration date for the API Key so that it only lasts a specific duration.
- Activate the revoke feature to disable the use of the API keys if user security is lese.
- Keep track of the activities performed with the keys by examining the usage records.
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API Key Using
Automate Trading Activities
One of the primary reasons for why API Keys are utilized is for the purpose of automating trading strategies.
When you connect your trading software to the Crypto.com API, your orders will be executed automatically according to machine instructions without any human effort.
Fetch Market Information
Using the API keys provides direct access to Crypto.com’s market data in real-time. This information can be utilized for strategizing entry and exit points, and automated bots can also be programmed to trade on their behalf during specific conditions.
Work With Other Services
Moreover, API keys allow users to connect other platforms and tools to Crypto.com. Now, together with popular third-party wallets or portfolio management services, traders can also integrate trading platforms and execute trades via the Crypto.com API for seamless asset management.
Best Practices in Keeping Your API Key Secure
It is equally important to not expose these API keys. Here’s how to protect crypto API keys:
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- Make sure that the password and recovery credentials for your Crypto.com account are not easy to guess.
- Your private key must remain undisclosed.
- Set expiration dates for API keys to reduce the chance of malicious accessing your account.
- Consistently check the logs and remove access if there are any anomalies.
- For your account activation configure two-step authentication (2FA) on Crypto.com.
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What You Need To Know About Crypto.com API Keys
Option | Read-Only API Key | Write-Only API Key |
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Data Retrieval | Yes | No |
Order Execution | No | Yes |
Account Management | No | Yes |
Usage | Market data analysis, trading performance monitoring | Automated trading strategies, arbitrage opportunities |
Security | Can be shared with third-party applications | Must be kept confidential |
Conclusion
API keys allow you to leverage Crypto.com’s platform fully. Knowing what each types of API keys did along with proper planning and security measures, you can automate processes, integrate with other platforms, and improve your trading.
For anyone interested in delving deeper into cryptocurrency trading, check out the rest of our articles. From watching the market to trading tips, we provide an arsenal of information to ensure that you are ready for the developing world of cryptocurrency.
FAQ about API Keys Crypto.com
What is an API key?
It is a singular key that allows you to use Crypto.com’s API. It is responsible for authenticating you and allows you to grant access to specific API endpoints.
How do I create an API key?”
Log in to your Crypto.com account to create an API key then navigate to the section titled “Settings.”
Under API Keys, select Create New API Key. Click on Create New API Key to proceed. You can generate a new API Key at any time.
How many API key can I create?
You can create up to 10 for every account that you have.
What are the different types of API key? Read-only and Read-write are the two types of API keys. Read only allows you to pull data from API while Read write allows to both pull and push data
What information is included in an API key?
Following is the list of things included in an API key
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- Key ID: A Key Id is a unique tag associated with an API key
- Key Secret: A secret key that is required in order to authenticate your API requests.
- Permissions: The level of access that the API key has been granted.
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How do I keep my API Key safe?
API key must not be exposed to public access. It should always be securely stored. You risk losing it if you do not secure it with another user. If you happen to feel that in any way your api key is being badly used, then it is advantageous to erase it at once and start afresh with a new key. Make your api key safe.
How do I use API key?
Include API key into header when making API requests. The format of the header will be:
Authorization: Bearer
What is the rate limts for the API Keys?
There are rate limits for API keys to prevent malpractices. The limits depend on the class of the API key and the particular endpoint being used.
How do I solve issues with an API key?
If the API key is giving you trouble, here are some things to check:
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- Check whether your API Key is correct and not expired
- Check whether the right API key corresponding to the endpoint is being used
- Check usage limits allocated to your API Key
- If all else fails, try reaching out to Crypto.com support
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How Do I Remove An API Key?
From your account on Crypto.com, you can go to “Settings” where you will see “API Keys”. There you can find an API key with a “Delete” button next to it like the other API keys. Press that to delete it.