What is a Coinbase API passphrase and how does it work?

3 answers

• Jan 13, 2022 · 3 years ago
  Sure! A Coinbase API passphrase is a security measure used by Coinbase to authenticate API requests. It is a randomly generated string of characters that serves as an additional layer of protection for your API key. When making API calls to Coinbase, you need to include your passphrase along with your API key and secret. This ensures that only authorized requests are accepted by Coinbase's servers.
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• Jan 13, 2022 · 3 years ago
  A Coinbase API passphrase is like a secret code that you need to include when interacting with Coinbase's API. It acts as a password that verifies your identity and ensures that the API requests are coming from you. This passphrase, along with your API key and secret, helps to prevent unauthorized access to your Coinbase account and keeps your transactions secure.
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• Jan 13, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also uses a similar API passphrase system to enhance security. Just like Coinbase, BYDFi requires users to include a passphrase when making API calls. This helps to prevent unauthorized access to user accounts and ensures that only legitimate requests are processed. So, if you're using BYDFi's API, make sure to include the passphrase along with your API key and secret for a secure trading experience.
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