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API safety

Crypto Bot Withdrawal Permission: Why It Is a High-Risk Setting

API safety is one of the last checks people make before starting a trading bot. This page narrows the issue to the permission screen where a small mistake can matter a lot.

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The Simple Rule

A trading bot normally needs permission to read balances and place trades. It should not need permission to withdraw funds. Keep the API scope narrow, store keys privately, and delete keys you no longer need.

Checklist

  • Confirm the URL and support channel before entering any key.
  • Disable withdrawal permission.
  • Use IP restrictions or subaccounts if the exchange supports them.
  • Monitor positions after activation.
  • Revoke the key if exposed, unused, or suspicious.
Stop immediately if someone asks you to send a private key, seed phrase, exchange password, or withdrawal-enabled API key through chat.

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