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.