# 3. What is an API Key?

An API Key acts like a remote control between the bot and your Binance account. It allows the bot to place trades automatically — but with strict limits.

**Important:**

* ✅ The bot can read your balance and place/cancel trades.
* ❌ The bot cannot deposit or withdraw funds.

You stay in control. Always.!

An **API Key** is like a remote control between the mrD-Indicators Auto-Trading Bot and your Binance account. It securely connects your account to the bot so that it can **automatically place trades based on our signals — 24/7**, without you needing to lift a finger.

But don’t worry — **you stay in full control at all times**.

***

#### ✅ What the API Key Can Do:

* Read your account balance and open orders
* Place, cancel, and manage trades on your behalf
* Follow mrD trading signals with precise timing

***

#### ❌ What the API Key Cannot Do:

* ❌ It cannot withdraw funds
* ❌ It cannot make any external transfers
* ❌ It cannot access your login credentials

***

#### 🔐 Your Safety is Our Priority

When creating your API Key, you’ll configure permissions. For mrD Bot to work safely and effectively, only the following should be enabled:

<figure><img src="/files/OWSp0s3aepI72A0afsUX" alt=""><figcaption></figcaption></figure>

| Permission               | Enable?                   |
| ------------------------ | ------------------------- |
| ✅ Enable Reading         | Yes                       |
| ✅ Enable Futures         | Yes                       |
| ❌ Enable Withdrawals     | No                        |
| ✅ Enable Spot & Margin\* | Optional for hybrid setup |

> ⚠️ **Important:** Always ensure the **withdrawal permission is disabled**. This protects your funds and prevents unauthorized access.

***

#### 🧠 Why This Matters

The API key is what gives our bot the ability to **automate** your trades in real-time — with the same precision and risk control as a professional trader.

No more manual entries. No more missed signals.\
Just plug in your API key, and let the bot go to work — around the clock.

***

#### 👇 Example Use Case

You create your API key, link it to the mrD Bot, and choose your trade amount.\
The next time a Short signal hits on $1000FLOKIUSDT, the bot executes the entry, manages all Take-Profits, adjusts trailing Stop-Loss… while you’re asleep.

And just like that — your trade hits +105% ROI. Automatically.

***

#### 🎯 Conclusion

The API key is **your secure gateway** to unlock the full power of the mrD-Indicators Auto-Trading Bot.\
It’s fast, safe, and fully automated — yet still under your control.

👉 Ready to automate your trades with confidence?\
Set up your API and start using the bot today.

📌 Next step: [How to Create a Binance API Key →](/feature/auto-trading-bot/auto-trading-bot-setup/4.-how-to-create-binance-api-key-binance-futures.md)

***


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