How to 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.
Login to your Coinbase Pro
Click on your name in the top right corner to activate the dropdown menu
From the menu select API
Click new API key
Give your API a name
Under permissions select only View
Step 7:Create a passphrase
Click create API
Enter your SMS code if needed
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.
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