How to create and set up Bybit API key
In this article, we will show you how to create, configure, and connect your Bybit and Bybit Futures API key to the Sparx platform.
Sparx is a bot trading platform that allows you to work with numerous cryptocurrency exchanges.
All trading operations are created and processed by using an exchange API key which is unique for every user. An API key is a safe and reliable way to use a platform because it does not give access to your personal data and prevents any funds management (withdrawals & deposits).
If you are going to create an API key for Sparx, it is important that you do this on a sub account. This way you make sure that the bot can only trade with the funds you give the bot and not with your spot holdings or the funds you yourself trade with.
Bybit Unified Trading Account (UTA)
As Bybit's product line expands, the exchange has introduced an opportunity to unify your accounts for better trade optimization. With the Bybit Unified Trading Account, you will now be able to manage all your assets and funds in one account.
Beware: Dutch users don't need to upgrade their account.
Learn more about Unified Trading in the following Bybit articles:
- Introduction to Bybit Unified Trading Account (UTA);
- How to Upgrade Your Standard Account to a Unified Trading Account.
It is essential to upgrade to the UTA in order to make the bot work. To do that, go to the Bybit Trade or Derivatives page and click on the Upgrade option:
Read through the introduction and details in the pop-up window to gain a better understanding of Unified Trading. Then, click on [Confirm Upgrade] to complete the transition to the UTA:
Warning: With the UTA, you have only one wallet for the spot and futures market. That's why we recommend making a Bybit sub account, so you Isolate the bot.
Creating a Bybit API key
Once you have switched to the Unified Trading Account, you can connect it to our platform and start your bot trading journey! To set up a Bybit API key and add it to your Sparx account, please follow the next steps:
1. Log in to Bybit
Log in to your Bybit account or create a new one and go to your (sub) account.
2. Go to the API page
From your account settings (top-right corner), navigate to the API page.
3. Create an API key
Click the [Create New Key] button to create a new API key.
4. Choose the API key type
Select the System-generated type of API key.
5. Match API permissions
First, choose the Connect to Third-party Applications option and select Sparx as an Application Name.
Here is the list of required permissions:
- Read-Write option selected
- Unified Trading - on
Unified Trading - Contract:
- Orders - on
- Positions - on
Unified Trading - USDC Contracts:
- USDC Derivatives Trading - on (optional)
Unified Trading - SPOT:
- Trade - on
Block Trade:
- Block Trade - off
Assets - Wallet:
- Account transfer - off
- Subaccount transfer - off
- When you are ready, click [Submit].
6. Pass security verification
Fill out your email verification and 2FA codes to complete the security verification.
7. Copy your API key and Secret key
Now your Bybit trading key is successfully created and ready to be connected to our platform! Please, copy your API key and Secret key somewhere safe before you add them to Sparx. Once you click Understood, you will not see your API keys anymore. So keep this open to copy and paste them in to your Sparx account.
8. Go to Sparx -> Settings or directly in the onboarding
Copy and paste the API key and Secret Key that Bybit gave you. In the first picture you see the omboarding whilst signing up. If you skipped this step, you can go in to your settings and add the Bybit exchange.
Here you can add the keys during the onboarding.
If you skipped the onboarding, you can go to your account settings by clicking on the top right robot emoji.
Scroll down and add the API keys where you see Bybit connected in the picture below.
Once connected, you will see a green tick and you can turn your bot on in the dashboard by flicking the switch.
Congratulations, we do the rest from here!