Huobi API Key Setup

When setting up a third-party application such as a cryptocurrency trading bot, you need to connect it to your Huobi account with application programming interface (API) keys. This prevents you from having to expose your password or other login details while still sharing data with the designated application.

To help you with this process here is how to get the Huobi API key.

How to Manage Huobi API Key Setup?

Huobi allows you to create your API key within a few easy steps. But in order to breeze through the process, you need to keep some suggestions in mind. This lets you manage the setup for your Huobi API key without any unnecessary problems.

You Can Only Generate Your API Key Through Huobi

As you move forward with the process of generating your Huobi API key, you might come across different apps, platforms, or services that claim to create your API key on your behalf. It is critical to understand that these websites or apps are nothing more than a way to waste your time and possibly your money.

It is because the API key can only be generated by Huobi’s own platform. This also has to be done by yourself. If you share your Huobi account’s login information with such a platform, you give it full access to the funds that are available in your exchange account. But even after being at risk of having your money withdrawn by unauthorized apps, you still do not get the API key that you need.

Keeping this in mind, make it a point never to share your login details with a third-party platform or trust it to generate your API key on your behalf. Instead, simply understand the instructions on how to carry out the simple process yourself and move forward with completing it.

You Can Have Up to 5 API Keys At a Time

While learning how to get your API key, it is also important to know that Huobi only allows you to create up to 5 API keys at a time. This means that if you are using multiple trading bots interchangeably, you can only perform your Huobi API key setup for 5 of such applications simultaneously.

This creates a curious issue if you want to use multiple third-party applications or plan to keep your options open for using different bots. But more often than not, traders only use a primary trading bot, which they combine with a single portfolio management app. This makes the slots of up to 5 API keys more than enough for many traders.

The best way to go about it is to make sure that you are only adding those third-party applications that you regularly use or intend to utilize. If you stop using an application for more than a few weeks, you can remove its API as well. This clears the clutter from your API management screen and keeps you in line with the available slots requirement.

You Have to Verify Your Account Beforehand

In order to use your Huobi account for any cryptocurrency buying or selling activities, you have to verify your identity to the exchange. This enables you to carry out the related trading actions on your account and also opens doors for you to use your chosen third-party applications.

You can learn more about Huobi identity verification directly from the exchange and complete the process for your account in case it is not already done so. This way you can perform your trading activities without any added issues.

The ID verification process requires some basic documentation from you and usually gets completed within a few minutes to a few days. If it takes any longer than the specified timeframe, you can get in touch with the Huobi team to check on the status of your verification application.

After your verification is complete, you can execute the API key setup to get the most out of your exchange account. That is why it is prudent to complete the verification before you start the API key setup.

You Need to Verify Your Identity During the Process

In addition to asking you to verify your ID to use your exchange account, Huobi requires you to confirm your ID during the API key setup process as well. This makes sure that the request is coming from you and has your authorization. This adds to the security of your account and keeps your funds safe from bad actors.

This ID verification comes in the form of SMS, email, and Google Authenticator prompts. The first two verification models send you a code, while the latter pops up a notification on your authorized mobile device.

This means that you should ensure access to your phone number, email, as well as your mobile device that has your Google Authenticator configured on it. Once you go through these forms of verification and confirm to Huobi that you are requesting the API key generation, you can get your API key and Secret key from the exchange.

You Should Not Share Your Secret Key With Someone Else

After you have completed your Huobi API key setup, you will be given the API key and the Secret key from the app. You need the combination of both of these keys in order for a third-party application to work with your Huobi exchange account.

Your generated combination of the API key and Secret key has a standard validity period of up to 90 days. This security measure is set by default. In case you forget to delete the API keys that you do not use, they don’t stay on your profile forever. This also adds to the overall security of your account.

However, it is still important that you protect your API key and your Secret key in order to keep them out of the hands of malicious parties. To make sure that you stay in line with this practice, don’t share your Secret key with anyone. This enhances the overall security profile of your exchange account and lets you safeguard your funds.

You Have to Follow Specific Instructions From Your Chosen App

After generating the API key and Secret key for yourself, you have to configure these keys into your chosen third-party application. No matter if it is a portfolio management app or an automated trading bot, the process is required for you to complete the API key configuration.

The process mostly stays the same for every third-party application, in which you need to navigate to its API key setup menu, select the exchange name, and enter the API keys. However, said navigation can differ on a case to case basis, which makes it a little trickier for you to find the exact steps for this setup.

That is why it is important that you seek the exact tutorial or instructions from the third-party app that you choose to connect with your exchange account. Almost every popular and credible platform has these help articles available on their website or app. This way, you can easily find the information that you need.

This small step can go a long way towards ensuring your comfort, which is why it is important to seek out this information before you start configuring your API key.

You Need to Set Your Permissions With Care

When you are creating your API keys, you will have to select certain permissions for them. These permissions give your third-party applications different levels of access to your account.

For instance, read-only access allows your connected apps to see your account balances and other details. Whereas, withdrawal access allows these apps to withdraw funds out of your account and the exchange.

When you are learning how to get the Huobi API key, you should look into these access permissions. This enables you to determine how to set them up.

At Huobi, you have the following permission settings for your API keys.

Read-Only. This lets your application access your account information.

Trade. This gives your application the power to buy and sell cryptocurrency on the exchange’s markets.

Withdraw. This allows your application to withdraw your funds to any account of its choice.

Bind IP Address. This restricts account access to only certain IP addresses.

As a rule of thumb, you should never allow Withdraw access to prevent unauthorized withdrawals by third-party applications. But you should avoid binding the API keys to IP addresses since that can prohibit your chosen application’s connection to your account.

This is what the permission levels should look like.

  • Read-Only. This should be On.
  • Trade. This should be On.
  • Withdraw. This should be Off.
  • Bind IP Address. This should be left Blank.

By following these pointers for your API key setup, you can move forward with the setup process with the utmost ease, while also ensuring the safety of your funds.

How to Set Up Huobi API Keys

Now that you have a detailed idea of what to expect with every important aspect of API key generation for Huobi, learning the whole process may very well turn into a walk in the park for you.

Login to Your Huobi Account

In order to access all of the available options for account setup and API key generation, you need to be logged-in to your Huobi account. You should also do this through your desktop to have an easy navigation experience.

Click on Your Username

Once you login to Huobi, you need to look at the top-right corner of the screen, where you can find your username or email address. You need to click here to open the drop-down menu that takes you to creating your Huobi API key.

Choose API Management

In order to start the setup process, click on API Management from the navigational menu. This is located towards the end and a little above the Sign Out option. You simply need to click on it to move toward the next step.

Label Your API Key

After you have gotten to the API Management page, you can create a new key and label it. The label is there for your reference, so you can name it anything that you want.

Select Your Permission Level

Choose your permission levels as outlined above. The process is straightforward and free of complications. But it helps to remember what the ideal configuration looks like.

Your permission level settings should mirror the following.

  • Read-Only: On
  • Trade: On
  • Withdraw: Off
  • Bind IP Address: Blank

You can also remember this configuration by telling yourself that you need your cryptocurrency application to have the ability to read your account balances and trade your cryptocurrency on the exchange, but you don’t want it to withdraw your funds.

Furthermore, you can also remind yourself that you don’t need to restrict IP address access for your application to connect to your exchange account properly.

Verify Your Request

You will receive verification codes in your email and SMS, as well as a prompt on your mobile device. Enter these codes on the designated Huobi screen and click on the Confirm button.

Note Down Your API Keys

Once the verification process is complete, you will receive your API key and Secret key on your screen. Note down this information and use it to configure your third-party application through its respective interface.

Configure Your API Keys With a Reliable Platform

In order to ensure the safety of your exchange account, make sure that you are using your API keys with a secure and credible application.

To make sure that you are dealing with a reliable application, keep the following points in mind.

  • Reputation. Read professional reviews from reliable cryptocurrency experts as well as hands-on reviews from everyday users.
  • Red flags. Check for any red flags such as security breaches or customer satisfaction issues that have been documented online.
  • Access level requirement. Determine that the application is not asking you for withdrawal access, since that gives it total control over your funds.

By choosing a dependable platform, you can make sure that you are using your Huobi account with a secure solution.

Make Sure That You Seek Help When Required

It is crucial that you complete your Huobi API key setup with proper instructions. While this guide takes care of the part where you get your keys from the exchange, you need to turn towards the third-party application’s specific guide on the latter configuration. This lets you make your way through the process without any stress.