Resources/exchanges/Creating A Binance Read-only API

Creating A Binance Read-only API

Why you should create a read-only API

Having a read-only API can be crucial for anyone who values security. Even if you trust the organization you are giving the API to imagine what would happen if their security was compromised? All your funds could be traded away or used for someone else's pump and dump.

We recommend all our users create a read-only API key when transferring data to Crypto Tax Calculator.

Luckily, a Binance read-only API can be created in 9 simple steps.

How to create a Binance read-only API

Step 1: Login to your Binance account.

Step 2: Hover over the account profile in the top right and select API management from the dropdown menu

Step 3: Give your new API a name and click create

Step 4: Enter the required security codes from your email or phone you need

Step 5: Once the API has been created select Edit restrictions

Step 6: Unselect Enable spot and Margin trading

Step 7: If you want the API to be used by just your IP address you can also edit that here as well

Step 8: Click Save

Step 9: Enter the security codes needed to approve the changes

That’s it! You’ve created a Binance read-only API key, now you have the comfort knowing that your API is safe from being used maliciously.

The information provided on this website is general in nature and is not tax, accounting or legal advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek professional advice. Cryptotaxcalculator disclaims all and any guarantees, undertakings and warranties, expressed or implied, and is not liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or Consequential Loss or damage) arising out of, or in connection with, any use or reliance on the information or advice in this website. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information in this website is no substitute for specialist advice.

Shane Brunette

CEO

Shane Brunette founded CTC back in 2018 after dealing with his own crypto tax nightmare. He has worked closely with accountants and tax lawyers to make it easy for fellow cryptocurrency users to be tax compliant.

Recommended Reads

Calculate your crypto taxes now

CryptoTaxCalculator does the hard work so you don’t have to.

Copyright © 2023 CryptoTaxCalculator