Creating a BingX API Key

This guide helps you set up an API key on BingX for automated trading. Follow these steps to ensure your trading bot has secure access to your account.

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BingX is a cryptocurrency exchange that supports spot and derivatives trading. API keys allow your trading software to connect to your BingX account to manage trades automatically.

Step-by-Step Guide to API Key Creation

1. Log into BingX: Access your BingX account and verify that your account meets all security and verification requirements for API access.

2. Go to API Management: Find the 'API Management' tab, usually located in your account settings or user dashboard. This is where you will create and manage your API credentials.

3. Initiate API Key Creation: Select 'Create API Key' (or a similarly named button) to begin the setup process. Your new key will serve as the secure connection between your trading bot and BingX.

4. Configure Your API Key Permissions: Set up your key with these essential settings:

   • Enable trading permissions (e.g., "Read & Write" for trade execution).
   • Grant account information access (to read balances and positions).
   • Review any additional permissions based on your specific trading strategy and bot requirements. Select only the permissions necessary for your trading needs. Avoid granting withdrawal permissions.

5. Secure Your API Key: Implement these crucial security measures:

   • Enable IP Whitelisting: Restrict API key usage to one or more specific IP addresses.
   • Add your bot's static IP address to the whitelist.
   • Avoid enabling withdrawal permissions. This is a critical security step. These steps help protect your trading account from unauthorized access.

6. Finalize API Key Setup: Before completing the setup:

   • Double-check all selected permissions and IP whitelist configurations.
   • Verify all security settings are correctly applied.
   • Complete any required two-factor authentication (2FA) or other security verifications.
   • Securely store your API Key and Secret Key. The Secret Key is typically shown only once.

You can typically access your API settings directly through a link like BingX API Management.

A well-configured API key is essential for reliable automated trading. Regular reviews of your API settings help maintain security while ensuring your bot operates efficiently. Remember to keep your API credentials private and never share them with anyone.

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