Resources/exchanges/How to create a Coinbase Pro read-only API

How to create a Coinbase Pro read-only API

Why create a Coinbase Pro read-only API

Security has always been an issue in the crypto world, plagued with scandals the legitimate companies have set up sophisticated security to protect your funds. However, user error can still lead to funds being stolen. Creating an API key can give potential hackers and bad actors a backdoor to your funds.

Using a read-only API for your Coinbase Pro account reduces these issues, you have the benefit of accessing crypto tools without the security issues of them having access to your account. They get the information they need but nothing more!

Creating a Coinbase read-only API can be done in 10 simple steps.

How to create a Coinbase Pro read-only API

Step 1:

Login to your Coinbase Pro

Step 2:

Click on your name in the top right corner to activate the dropdown menu

Step 3:

From the menu select API

Step 4:

Click new API key

Step 5:

Give your API a name

Step 6:

Under permissions select only View

Step 7:Create a passphrase

Step 8:

Click create API

Step 9:

Enter your SMS code if needed

Step 10:

Store your API secret key, this will be the only time you can do this so make sure you store it somewhere safe.

You’ve created a Coinbase Pro read-only API key. You can now safely use crypto tools requiring an API without risking your account being drained.

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.

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