In this article, we will show you how to create, configure, and connect your Binance Futures 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 safest 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 Binance
Log in to your Binance account or create a new one.
2. Open Futures Account
To connect your Binance Futures Account, the first step is to create one. Please, go to your Wallet > Futures to open a new Binance Futures Account. If you already have Binance Futures Account, you can skip this step.
3. Go to API Management page
From your account settings (top-right corner) navigate to API Management page.
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 [Create].
5. Copy your API key and Secret key
Before we edit permissions of your API key, make sure to copy your API key and Secret Key somewhere safe. Otherwise, after editing API key permission the Secret key becomes hidden and you would need to start over again.
6. Match API key restrictions
Now you need to Edit restrictions on your API key so our platform receives access to process your trading activity on your Binance account. Please, click [Edit restrictions] as shown below and follow the instructions below.
Here is the list of required permissions:
- Can Read on (active by default)
- Enable Spot & Margin Trading off
- Enable Withdrawals off
- Enable Futures on
- Unrestricted IP access on
- When ready, click [Save]
7. 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 Binance Futures account. Click [Add new exchange]
8. Select Binance Futures exchange from the list and enter your API and Secret keys
On the pop-up window please do the following:
- Select Binance Futures exchange
- Paste your API key
- Paste your Secret key
- Click [Connect]
9. Connection check
If everything was done correctly, you will see it added in the list of your connected exchanges with Connected status, and the trading balance available on your account.
Your Binance Futures account is now connected to the Bitsgap platform and you can get started! Want to know more about what you can do on Bitsgap? Check our other article - What is Bitsgap?