Before you can set-up HodlBot, you'll need this:
If you don't have at least $200 in any cryptocurrency in either your Binance account or your Kraken account, go back to the last step. There are instructions on how to create an account and fund it.
If you do, then you're ready to set-up HodlBot.
Connecting Your Cryptocurrency Exchange Account
HodlBot Connects to Your Crypto Exchange account via the API.
We use the exchange API to programatically execute trades. We do not have account withdrawal permission and all user data is is encrypted (HMAC SHA-256).
In order to connect to your exchange account, we'll need permissions to do so. That's why we need API keys setup.
Note that you have full control over your API keys. You can delete them on the exchange at any time. We also recommend limiting withdrawal permissions so API keys are trade-only.
Setting up your API keys on Binance
Once logged in , set-up your keys here.
By default, trade access is enabled, and withdrawal access is disabled. This means that no one will ever be able to withdraw funds from your account using the API.
Once you get your API Key and secret. Write it down and keep it somewhere safe. Binance will not show the secret key again after this step.
Connecting Your Binance Account Keys to HodlBot
Once your API keys are generated. You can subscribe them to HodlBot. This will connect your Binance account to HodlBot. We will then check if it is valid and that trading access is enabled.
Setting up your API keys on Kraken
To set-up your API keys. Head on over to Kraken and sign in.
Once you're signed in, navigate to the settings page and click on the API tab.
We require the following permissions:
- query funds
- query open orders & trades
- query closed orders & trades
- modify orders
- cancel/close orders
- query ledger entries
Make sure to leave withdrawal and deposit access unchecked, as we do not require these permissions. For security purposes, it is impossible for Hodlot to ever withdraw cryptocurrency from your exchange account
Once the keys are successfully generated, you can head over to HodlBot and input them in.
Connecting Your Kraken Account Keys to HodlBot
Once your API keys are generated. You can subscribe them to HodlBot. We will then check if it is valid and that trading access is enabled.
You’ll have a chance to enter these details in HodlBot during onboarding.
But if you’ve already onboarded, you can also navigate to integrations tab on the settings page. There you will find a form to enter Kraken API keys.
Choosing a Strategy - Next Steps
After setting-up your account, it's time to set-up a trading strategy.
Click here to go to the next step.