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An API key that cannot withdraw

Connecting any trading tool to an exchange means handing it a key. The question that matters is what that key is allowed to do. A tool that trades for you needs to read balances and place orders. It does not need permission to move your coins anywhere. If you still need the exchange account itself, start with what Kraken asks for to open an account.

What permissions does a trading tool actually need?

Three things: read your balances, read your orders, and place or cancel orders. That is the entire set. Every exchange also offers withdrawal or transfer permission on the same screen, and a trading tool has no use for it.

Treat that as the rule rather than a preference. A service that asks you to tick withdrawal or transfer is asking for something its own job does not require, and the safe response is to refuse and go elsewhere. Nobody needs that permission on your account.

This matters because permissions are the only real limit on what a key can do once it exists. If a key is stolen — from the vendor, from a laptop, from a screenshot — what the thief can do with it is exactly what you ticked when you made it. A key without withdrawal permission cannot move coins off the exchange no matter who is holding it. The exchange refuses the request; there is no setting on the vendor's side that overrides it.

Which boxes to tick

The three exchanges name these differently. These are the exact permission sets Trade Leopard asks for, and the ones it never does:

Kraken API key permissions
✓ Query Funds — read your balances
✓ Query Open Orders & Trades
✓ Query Closed Orders & Trades — cost basis
✓ Modify Orders — places the buys
✓ Cancel/Close Orders
✓ Query Ledger Entries — realised P&L
✕ Deposit Funds
✕ Withdraw Funds — never
OKX API key permissions
✓ Read — balances and prices
✓ Trade — places the buys
✕ Withdraw — never
Coinbase API key permissions
✓ View — read your balances
✓ Trade — places the buys
✕ Transfer — never — this is withdrawal

Two details are easy to miss. OKX defaults a new key to Read only, which lets a dashboard show balances but never place an order — if orders are not appearing, this is usually why. Coinbase hides the choices inside API restrictions and Advanced Settings, and calls withdrawal Transfer.

What is an IP allowlist, and does it help?

An IP allowlist ties the key to a specific internet address, so the exchange refuses any request that arrives from anywhere else. All three exchanges support it — Kraken calls it IP address restriction, OKX calls it binding, Coinbase calls it an allowlist.

It is optional. Trade Leopard does not lock keys to a fixed address, so leave that field blank when you create a key for it. If you fill it in with some other machine's address, Trade Leopard's requests will be refused.

What else should you check before connecting anything?

  • Is the secret ever shown back to you? A key that can be read out of the interface after you save it can be read by anyone who gets into that account. Trade Leopard encrypts keys before storage and never returns them to the browser.
  • Can the tool sell? “Trade” permission covers buys and sells — no exchange separates them. So the limit has to come from the software, and it should be stated plainly. Trade Leopard only buys out of the box; the one thing it can ever sell on its own is the scheduled trim, which is off until you switch it on, sells only a holding's profit, and never sells at a loss.
  • Can you see an order before it happens? Lump-sum buys, percentage sells and rebalances should show you the exact orders — asset by asset — before anything is placed.
  • How fast can you stop it? Deleting the key at the exchange cuts the connection immediately. Nothing on the vendor's side can outlive a key you revoke.

How do you revoke a key?

On the same screen you made it. Kraken: Settings → API. OKX: your profile → API. Coinbase: the Developer Platform at portal.cdp.coinbase.com, under Access → API keys. Deleting the key takes effect at once and needs nothing from the tool you gave it to. It is worth doing for any key you are no longer using — an unused key with trade permission is a live one.

Questions

Common questions

Can a crypto trading bot withdraw my funds?

Only if you gave it a key with withdrawal permission. Exchange API keys are limited by the permissions selected when the key is created, and the exchange enforces those limits on its own side. A trading tool has no use for that permission, so treat a request for it as a reason to walk away — grant read and trade only, and the key cannot move coins off the exchange no matter what the software holding it tries to do.

Which API key permissions does a trading tool need?

Reading balances, reading open and closed orders, and creating, modifying or cancelling orders. On Kraken that is Query Funds, Query Open/Closed Orders & Trades, Modify Orders, Cancel/Close Orders and Query Ledger Entries. On OKX it is Read plus Trade. On Coinbase it is View plus Trade. Withdrawal — called Withdraw Funds on Kraken and OKX, and Transfer on Coinbase — should be left off.

What is an IP allowlist on an exchange API key?

An IP allowlist restricts a key so the exchange only accepts requests from one internet address. A copy of the key used from anywhere else is rejected. Kraken calls it IP address restriction, OKX calls it binding the key, and Coinbase calls it an IP allowlist. It is optional. Trade Leopard does not lock keys to a fixed address, so leave that field blank for a key this tool will use.

Does Trade Leopard hold my crypto?

No. Your coins stay in your own account at Kraken, OKX or Coinbase. Trade Leopard connects through an API key you create and can revoke in seconds, granting read and trade permission only — the permissions any trading tool should be asking for and the only ones you should give one. Keys are encrypted before storage and never returned to the browser.

How do I revoke an exchange API key?

Delete it on the exchange's own API management page — Settings → API on Kraken, the API page under your profile on OKX, or Access → API keys at portal.cdp.coinbase.com for Coinbase. Deletion takes effect immediately and requires nothing from the tool that was using the key.

Trade Leopard runs this for you.

Set your weights, your budget and the gate. It buys on your schedule at Kraken, OKX or Coinbase, on your own account. Free. Create a login.

How to create an exchange API key with no withdrawal permission (Kraken, OKX, Coinbase)