What Are the Primary Risks Associated with API Key Management for Exchange Access?
The primary risks include key compromise through poor storage practices, such as storing keys in code or unsecured files. Over-permissive keys, which allow both trading and withdrawal, pose a significant financial risk if stolen.
Lack of key rotation or centralized management increases the window of opportunity for attackers. A compromised key can lead to unauthorized trading, fund theft, or data exfiltration.
Glossar
API
Interface ⎊ Within cryptocurrency derivatives and financial engineering, an Application Programming Interface (API) serves as a crucial intermediary, facilitating programmatic access to market data, order execution functionalities, and risk management tools.
Api Key Management
Authentication ⎊ Api Key Management within cryptocurrency, options trading, and financial derivatives necessitates robust authentication protocols to mitigate unauthorized access to trading accounts and sensitive data.