What is the purpose of API keys on KuCoin and how do they work?

3 answers

• May 01, 2022 · 3 years ago
  API keys on KuCoin serve as a way to authenticate and authorize access to the KuCoin trading platform. They are used by developers and traders to interact with the platform's API and perform various actions such as trading, accessing account information, and managing orders. API keys work by generating a unique key and secret pair that is linked to a user's account. The key is used to identify the user, while the secret is used to sign requests and ensure their authenticity. This allows users to securely access and control their accounts programmatically.
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• May 01, 2022 · 3 years ago
  API keys on KuCoin are like a digital passport that grants access to the platform's API. They serve as a security measure to ensure that only authorized individuals or applications can interact with the platform. When a user creates an API key, they can specify the permissions and access levels associated with that key. This allows users to control what actions can be performed using the key, such as read-only access or full trading capabilities. API keys are essential for developers and traders who want to automate their trading strategies or build applications that interact with the KuCoin platform.
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• May 01, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also utilizes API keys to provide users with secure access to their accounts. Similar to KuCoin, API keys on BYDFi serve as a way to authenticate and authorize access to the platform's API. They are used by developers and traders to interact with the platform programmatically and perform various actions such as trading, accessing account information, and managing orders. API keys on BYDFi work in a similar way to KuCoin, generating a unique key and secret pair that is linked to a user's account. This ensures that only authorized individuals or applications can access and control their accounts.
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