How to create a Coinbase Pro read-only API

Why 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.

How to create a Coinbase Pro read-only API

Step 1:

Login to your Coinbase Pro

Step 2:

Click on your name in the top right corner to activate the dropdown menu

Step 3:

From the menu select API

Step 4:

Click new API key

Step 5:

Give your API a name

Step 6:

Under permissions select only View

Step 7:Create a passphrase

Step 8:

Click create API

Step 9:

Enter your SMS code if needed

Step 10:

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.