MBA CeDeFi Mining User Guide: How to Create Your Binance API
When DeFi’s liquidity mining is backed by CeFi’s substantial liquidity, mining rewards are maximized for traders. MBA introduces CeDeFi Mining for users to farm onchain rewards by trading on Binance. The more you trade, the more rewards you’ll gain.
MBA leverages Binance API to read users’ Binance transactions and calculate the amount of rewards for each user. The first step of MBA CeDeFi Mining is binding your Binance API to MBA, allowing MBA to only read your transactions on Binance.
If you haven’t yet, create your Binance API now to get started. You can find tutorials below👇
For PC:
- Visit https://www.binance.com/en/my/settings/api-management. Or you can also visit https://www.binance.com, log in to your account and click on “API Management” under the “Account” tab.
- Click on “Create API”. Read the information and check the box to proceed.
3. Select “System generated” as your API Key type and give your API a label name. Your API should then be successfully created.
4. Before sharing your API Key and Secret Key with MBA or anyone else, make sure that you restrict it to “Enable Reading” only for security purposes.
For Mobile:
- Open your Binance App or download it if you haven’t. Head to your account page and look for “API Management” under “Services”. You can add it to “Shortcut” to access it quickly in the future.
2. Click on “Create API”. Read the information and check the box to proceed.
3. Select “System generated” as your API Key type and give your API a label name. Your API should then be successfully created.
4. Before sharing your API Key and Secret Key with MBA or anyone else, make sure that you restrict it to “Enable Reading” only.
