Bybit has an API key. If you want to automate Bybit trading using third-party apps, etc., you will need an API. However, some people don’t know how to get the API, so I’m writing an article.
What are APIs?
API is a term often used in software development work. API is used in various applications, and Bybit also uses API. If you’re a programmer, you should be familiar with this term, but others may not. API is an abbreviation for Application Programming Interface. It is a mechanism for calling and using the general-purpose routine functions and managed data of a program from other external programs.
Bybit API Features
There are many things you can do by setting Bybit’s API. The advantage of setting the API is that you don’t have to build a program from scratch yourself, so you can use the function just by referring to it. In other words, even if you are not a programmer, you will be able to use the functions. By setting up Bybit’s API, you can check the latest price of virtual currency on your own application and strengthen security by introducing a high-level security system.
automated trading system
This API is often used by people who operate automated trading systems. By setting the API function, you will have the function to start automatic trading. By diverting API functions, you can also make a profit without manual work yourself. Furthermore, it is possible to be able to check virtual currency information sites.
Difficulty changing settings
By introducing the API, there is no need to recreate the program from scratch. On the other hand, however, you may find the configuration cumbersome. In order to introduce APIs and change settings, various operations must be performed, which can be troublesome for those who do not know much about it. You don’t need as much knowledge as a programmer, but you do need some programming knowledge.
API setting method
Now, I will explain how to set up Bybit’s API. First of all, you need to open an account, so please start by opening an account. Please refer to the article below. Also note that two-factor authentication must be completed in order to use this feature.
Please login. Click the avatar on the top right of the home screen to open the menu, then click “API”.
You can create one by clicking Create New Key.
Enter the name of your API key. Any name is OK. Next, let’s configure API key permissions.
The API key permission settings will be individually set below, including whether to read or write. After adding the IP address, click “Submit”.
Next, perform two-factor authentication. Open Google Authenticator and enter the verification code. After entering the verification code, click “Confirm”. Now add your API key. You have now created your API key. You can actually use it as a tool.
How to add API
It doesn’t mean you can’t create more APIs once you create one. It is also possible to add The addition method is exactly the same as the acquisition method above. For the information of the key to be added, enter the necessary information in the same way as when creating the first time.
There is also the case that you no longer need the API key after creating it. In that case, it is also possible to delete the API key. You can also delete it by clicking the yellow pen in the “IP address is associated” item.