How to create and set up Kraken API key

In this article, we will show you how to create, configure, and connect your Kraken API key to the Bitsgap platform.

Bitsgap is a trading platform that allows you to work with numerous cryptocurrency exchanges from a unified interface with access to additional tools that are not available on the exchange.

All trading operations are created and processed by using an exchange API key which is unique for every user. An API key is a safe and reliable way to use a platform because it does not give access to your personal data and prevents any funds management (withdrawals & deposits).


1. Log in to Kraken

Log in to your Kraken account or create a new one.

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2. Go to the API page

From your account section (top-right corner), navigate to the Security tab, then head to the API page.

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3. Create your first API key

On the API management page, please click [Add key].

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4. Go to Bitsgap > My Exchanges page

Log in to your Bitsgap account, go to the My Exchanges page, and click the [Add new exchange] button to continue.

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5. Select Kraken from the list and copy Bitsgap IP addresses

Copy each of the trusted IP addresses (by clicking the "Copy" icon next to them) and save them somewhere for now. You will need these IPs later when setting up API permissions.

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6. Match API key permissions

Edit your permissions as in the example below. These permissions will allow Bitsgap to read your history and current balance and process trades on your exchange account.

Here is the list of required permissions:

  • Query on
  • Deposit off
  • Withdrawal off
  • Query Open Orders & Trades on
  • Query Closed Orders & Trades on
  • Create and Modify Orders on
  • Cancel/Close Orders on
  • Query Ledger Entries on
  • Export Data off
  • Access WebSockets API on
  • IP address restriction on (insert the IPs copied from the My exchanges tab)
  • Key Expiration off
  • Query Start Date off
  • Query End Date off

Attention
Each Bitsgap IP should be added individually and separated by a comma from the next address.

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When you are ready, click [Generate Key].

7. Copy your API key and Private key

Your Kraken trading key is ready to be connected to our platform! Please copy your API and Private keys somewhere safe.

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8. Go back to Bitsgap > My Exchanges

Now let’s add the Private and API keys. In the pop-up window, do the following:

  1. Choose the Kraken exchange.
  2. Paste your API key.
  3. Paste your Private key.
  4. Click [Connect].

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9. Connection check

If everything is done correctly, you will see Kraken added to the list of your exchanges with the Connected status and the trading balance available on your account.

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