![]() Click on ” Edit” and then another click on the small arrow located under the API key.Select the API to which you want to enable permissions (in this case the one you have created to connect with Smartrader).Once your API key is created, the ” API Management” menu will be displayed.It is recommended to restrict API access to trusted IP addresses only.Ĭonfigure the API key so that it works properly with Smartrader.Store your secret key in a safe place, since it will not be shown again and if you lose it you will have to delete your API and create a new one.Keep your password safe and do not share it with ANYONE.Your API key has been successfully created! It is very important that you consider the following recommendations: Apps like Google Authenticator provide random login keys, which are constantly changing (example: every 30 seconds). Note: Two-factor authentication (2FA) is a protective measure that provides a higher security level to users’ accounts, asking for more than one proof of identity. Then, enter the code generated in the authenticator that you use (you can use the Google Authenticator app). You will immediately receive an email with a 6-digit code that you must fill in the first box. Identity verificationĬomplete the identity verification to continue with the API key creation (you must have two-factor authentication). Note: Binance allows you to generate up to 30 different API keys, so we suggest you keep track of those that you are generating, adding titles or tags that make it easier for you to identify them. ![]() Once you have added a title or tag, select ” Create API“.In the ” Label API key to proceed” box, add a tag or title that allows you to identify each key (example: Smartrader).Swipe the screen until you find the ” Others” section.Log into your Binance account from your cell phone and go to the “ Home”□ section (located at the bottom left of the screen).Next, we will guide you through the process to create an API key in the Binance exchange, so that you can do it step by step in an easy and fast way. It gives you the assurance that we will never have access to your funds by restricting us to access just to what is necessary for your automated investments. If Skyrex is the source of the leak, users should immediately revoke APIs through their account setting on Binance to avoid potential issues with their accounts.An API key is a unique key, which allows you to link your exchange account with Smartrader in order to interact with the information that our App requires to execute your orders. However, the API leak might not be tied to the project but to the user himself, who could have accidentally leaked it. The Skyrex crypto trading bot was the solution used by the Binance user who had to close an unwanted position of AXS. The root of the problem is Binance's API key used for placing orders via various accounts, managing solutions like trading bots or platforms that have more advantages compared to the traditional trading desk. We will try to disable all API keys that was used by Skyrex, figuring out how to identify them now. He only has one active API key and it was used on Skyrex, a crypto trading bot platform. Shortly after, CZ came up with an explanation, confirmed by the user, who almost lost his funds.Ĭarlos confirmed the unrecognized orders were due to his API key leakage. In a Twitter thread, the CEO of the exchange himself posted his concern about the situation and stated that Binance is trying to understand what might be the issue.
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