Have an account on Bitsgap, but don't know how to connect your Bitfinex exchange?
No worries, in this article we will show you how to create and configure your Bitfinex API key so you can connect your exchange account to Bitsgap!
What do you get by connecting your exchange account to Bitsgap
With Bitsgap you will have access to the all-in-one trading platform where you can connect all your cryptocurrency exchange accounts under one unified interface. You will be able to do exactly what you would do on your regular exchange account but with some really cool trading tools!
How do you connect your exchange account and what is API key?
Every exchange has an option to create a unique API key for an account. This API key will allow us to communicate with your exchange account and process your trading from the Bitsgap interface.
Consider it as your username and password but limited to check your balance and execute your trading decisions. By using the API key you will not give any information about yourself nor any access to change your account settings or perform withdrawals. Everything will be limited based on your API settings.
1. Log in to Bitfinex
Log in to your Bitfinex account or create a new one.
2. Go to API Keys page
From your account settings (top-right corner) navigate to API Keys page.
3. Match API key permissions
Edit your permissions as in the example below. These permissions will allow us to read your history, current balance and process execute trades on your exchange account.
Here is the list of required permissions:
Account Info Read on
Account History Read on
Orders Read on and Write on
Margin Trading Read on
Margin Funding Read on
Wallets Read on
Withdraw All off
4. Label your API key
Give your API key any name (it is your personal choice) so you can easily understand that this key is connected to your Bitsgap account. When ready, click [Generate API key].
5. Copy your API key and Secret key
Now your Bitfinex trading key is successfully created and ready to be connected to our platform! Please copy your API key and Secret key somewhere safe before you add it to Bitsgap.
6. Go to Bitsgap > My Exchanges
Log in to your Bitsgap account and go to My Exchanges page where you can find an option to connect your Bitfinex account. Click [Add Exchange].
7. Select bitfinex exchange from the list
From the pop-up window you need to select bitfinex. This will open you a window where you can add your API keys for Bitfinex exchange.
8. Enter your API key and Secret key
Paste your Bitfinex API key and Secret key and click [Connect]. Now your Bitfinex account has been successfully connected and you are all set!
Want to know more about what you can do on Bitsgap? Check our other article - What is Bitsgap?