KuCoin: Generating Api Key

To connect your automated trading bot to the KuCoin exchange, you can create your API key using this guide. Before running the bot, make sure to backtest your strategies.

In this step-by-step guide, you can see how to create an API Key on the KuCoin exchange. The functionality of the API Key is that this platform (CryptoTailor) uses it to connect to the exchange through your user account, which means it grants this platform the ability to execute trades.

Note that this key can only be used to execute trades and cannot be used for transferring or withdrawing funds.

Activating Two-factor Authentication

To use the API on the KuCoin exchange, you first need to have Two-factor Authentication enabled for your account. If you have already done this, you can skip this step and go to step 6. To enable Two-factor Authentication, after logging into your account, go to the "Account Security" section.

Choose Google Verification

On the "Two-factor Authentication" section, click on "Link" for Google Verification.

Security Verification

After clicking on "Send", you will receive a code in your email. Enter the code and click on "Next".

Scan QR Code

In this step, you need to scan the displayed QR Code using the Google Authenticator app. Note that there is a backup code; make sure to write it down and keep it in a safe place before scanning. Once you have scanned the QR Code, enter the code displayed by the Google Authenticator app and click on "Activate".

Go to "Api Management"

Now that Two-factor Authentication is enabled for your account, you can access the "API Management" page. To do this, on your account page click on "API Management".

Create API

Click on "Create API".

Choose "Title" and "Passphrase"

In this step, you’ll be prompted to choose a title for your API Key. For instance, you might use a name like "CryptoTailor". This label is for your reference only and won’t be visible to others. You’ll also need to create a passphrase for the API Key—be sure to remember it, as you’ll need it later. For "API Restrictions," select "Spot Trading" only. Set "IP Restriction" to "No," and then click "Next."

Authentication

For security purposes, you will be asked to enter the your Trading Password. After entering the password, click on "Confirm".

View API Key Details

In this step, the details of the created API Key will be displayed. The KuCoin exchange provides you with two keys: one labeled as the "Key" and the other as the "Secret". Make sure to write down both keys.
Note that the access level of the key will also be displayed at the bottom of the details and should be set to "General, Spot Trading" only. In this case, the key can only be used for Spot Trading and cannot be used for transferring or withdrawing funds.

Connect to KuCoin On CryptoTailor

Now, log into your account dashboard and from the left menu, go to the "Exchanges" section and then select "Connect to KuCoin Exchange" and enter the API Key, Secret Key and Passphrase there, and click on "Save".

Finish

If you have entered the information correctly, your key will be successfully saved and the connection to the KuCoin exchange will be established. Now, this platform can manage your positions through this key. Go ahead and start your automated trading journey! 🚀

APIs, or Application Programming Interfaces, serve as vital links between our platform and your cryptocurrency exchange account. These tools enable the automation of your trading strategies by transforming them into bots that can execute trades on your behalf, around the clock. This integration simplifies your trading operations, allowing you to fine-tune and oversee your strategies without needing to manually engage with each trade.
When utilizing APIs, maintaining security is crucial. Our platform is designed with advanced encryption to protect your API keys, ensuring that your data remains secure at all times. It’s important to understand that the API keys you provide are configured with permissions strictly necessary for trading purposes. These keys are restricted from initiating withdrawals or transfers, which means that your funds remain securely stored in your exchange account, and our platform cannot move them.
The emphasis on trading-only permissions is a fundamental aspect of our API integration. By limiting API access to trading functions, we add an extra layer of protection for your assets. Even in the unlikely event of a security breach, the API key cannot be exploited to withdraw or transfer your funds, enhancing the security of your trading activities. This allows you to use our platform’s automation features with confidence, knowing that your assets are safeguarded.
To start automating your trades, you’ll need to generate an API key with trading permissions from your exchange account. This typically involves navigating to your exchange’s API management section and creating a new key specifically configured for trading. Once you have obtained your API key, you can input it into our platform to begin automating your trading strategies. For detailed, step-by-step guidance on how to create and configure your API key, please refer to the instructions provided on the following pages.
In summary, APIs are integral to automating your trading strategies on our platform. With security protocols in place that limit API permissions to trading activities only, you can be assured that your funds are secure. Our platform offers a secure and effective way to automate your trades, enabling you to fully leverage your trading strategies without compromising the safety of your assets.