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These instructions will guide you through using Coinbase as a Hot Wallet or Exchange (or both).

Note

Coinbase Pro is currently unsupported as a Hot Wallet (Exchange only).

1. Login to your Coinbase account at https://coinbase.com

2. Create a new API key:

a) Navigate to: Settings/API Access

b) Click on the button “+New API Key”.

  • Confirm any 2FA challenge

c) Select (permit) access to any relevant wallet(s):

Tip

Be sure to enable your fiat wallet (i.e. "USD Wallet") as well as the relevant Coins.

  • The wallet name (e.g. “BTC Wallet”) is the “accountname” required in Step 4 “parameters”.

d) Enable all permissions:

e) Create the new API Key after making required changes:

3. Save the API keys:

Tip

Copy & save the API Key and API Secret.

Note

You'll only be shown this secret ONCE. 

  • If you lose the secret, you'll have to create another API key.

Warning

Coinbase will restrict your keys for 48 hours!!!

  • The API will NOT work during these 48 hours, and all CAS tests using this API will FAIL.

4. Enter the required information into CAS:

  • Set the Rate Source to Coinbase.com

  • Use the same string for both BUY and SELL options (as applicable). 

  • You may use the same Crypto Setting for both Hot Wallet & Exchange (recommended).

Configuring as a Hot Wallet:

The Hot Wallet parameters for Coinbase.com is:

  1. API Key

  2. API Secret

  3. Account Name: the relevant Coinbase "wallet" (e.g. "BTC Wallet" from step 1)

  • The parameters should be in this format: apikey : secretkey : accountname

    • Entered in sequence, on one line, separated by a colon, it looks similar to this:

    • Code Block
      2ooAIETUc93GGd61:gPu2W8bDJwC9gBrh56M4VzEZ0VIS0kEZ:BTC Wallet

Configuring as an Exchange:

The Exchange parameters for Coinbase.com is:

  1. API Key

  2. API Secret

  3. Account Name: the relevant Coinbase "wallet" (e.g. "BTC Wallet”)

  4. Fiat Currency: currently either USD, EUR, or GBP

  5. Payment Method: the funding Coinbase "wallet" (e.g. "USD Wallet")

  • The parameters are in this format: apikey : secretkey : accountname : fiatcurrency : paymentmethod

    • Entered in sequence, on one line, separated by a colon, it looks similar to this:

    • Code Block
      2ooAI3GGd61:gPu2W8bzEZ0VIS0kEZ:BTC Wallet:USD:USD Wallet

5. Save the crypto settings!

6. Test it (you’re done):

Tip

Test your settings before deploying them.

  1. Save your setting first,

  2. return to the same Crypto Setting,

  3. run the test(s).

Warning

Coinbase will not allow you to buy on Coinbase Pro (Exchange) and send to the same Coinbase Hot Wallet. The transaction will FAIL. Do not test your live settings using the same Coinbase account!

Warning

Transactions at the BATM will fail if the amount is less than the Coinbase minimum (normally $20).