common-close-0
BYDFi
Trade wherever you are!

Are there any limitations or restrictions when using a generated API key for cryptocurrency API integration?

avatarNan MargaryanDec 25, 2021 · 3 years ago1 answers

What are the limitations or restrictions that I should be aware of when using a generated API key for integrating cryptocurrency APIs?

Are there any limitations or restrictions when using a generated API key for cryptocurrency API integration?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    When using a generated API key for cryptocurrency API integration, it's important to be aware of any limitations or restrictions imposed by the exchange. For example, some exchanges may limit the number of API requests you can make per minute or per day. This is to prevent abuse and ensure fair usage of their resources. Additionally, some exchanges may require you to complete a verification process before granting you access to their API. This is to ensure the security of their platform and prevent unauthorized access. It's also important to keep your API key secure and avoid sharing it with others, as it grants access to your account and funds. Finally, it's worth noting that different exchanges may have different API endpoints and functionalities, so it's important to review their API documentation to understand the specific limitations and requirements of each exchange.