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COINIGY GUIDE · SECURITY

Coinigy API Connections: Verify Permissions Before Connecting an Exchange

Connecting an exchange to any third-party tool means creating an API key with permissions. Decide those permissions before you paste anything.

By ChartsPod Editorial Team · Reviewed by ChartsPod Research
Published · Updated · 5 min read

Short answer

Before connecting an exchange to Coinigy or any portfolio tool, create a dedicated API key, enable read permission only unless you intend to trade through the tool, never enable withdrawals, restrict the key to trusted IP addresses if the exchange and tool support it, label it with the tool's name and date, and plan how you will revoke it. Check the permission screen on the exchange after creation to confirm what was actually granted.

Permission levels

PermissionAllowsRecommendation
Read / viewBalances, orders, historyEnable for portfolio tracking
TradePlacing and cancelling ordersOnly if you trade through the tool
WithdrawMoving funds outNever for third-party tools
IP restrictionLimits where key worksEnable when supported
Least-privilege keyLeast-privilege key: Read only — default for tracking; + Trade — only if needed; No withdrawals — always; IP allow-list — when supported; Label + date — for revocation.Read onlydefault for tracking+ Tradeonly if neededNo withdrawalsalwaysIP allow-listwhen supportedLabel + datefor revocation
Grant only what the tool needs. Original ChartsPod editorial graphic.

Step by step

Connecting an exchange safelyConnecting an exchange safely: Create a new key for this tool only; Set read-only (add trade only if necessary); Leave withdrawals disabled; Add IP restriction if supported; Store secret only in the tool, not in notes; Verify permissions on the exchange afterwards; Set a calendar reminder to review the key.CONNECTING AN EXCHANGE SAFELYCreate a new key for this tool onlySet read-only (add trade only if necessary)Leave withdrawals disabledAdd IP restriction if supportedStore secret only in the tool, not in notesVerify permissions on the exchange afterwardsSet a calendar reminder to review the key
Do this for every exchange you connect. Original ChartsPod editorial graphic.

If something goes wrong

If you see orders you did not place, balances you did not expect, or a login from an unknown location, revoke the API key on the exchange first. Revoking cuts the tool's access immediately; investigation can follow.

Then change your exchange password and two-factor settings, review recent account activity, and check every other key on that account. If you reuse a key secret anywhere, treat all those places as exposed.

Prevention is cheaper: one key per tool, read-only by default, never withdrawal permission, IP restriction where possible, and a periodic review. Keeping a short list of active keys with their creation dates turns that review into a five-minute task.

Review and revoke

Review keys quarterly and revoke any for tools you no longer use. If you suspect exposure, revoke first and investigate second. Research tools that use public market data, such as ChartsPod, do not need exchange keys at all; see Crypto Charting Without Exchange Trading Access: What You Can Do.

Do market research without connecting any exchange account.

Open the ChartsPod terminal

Use dedicated, read-only, withdrawal-disabled, IP-restricted keys, and revoke them when you stop using a tool.

Related: Coinigy vs ChartsPod: Portfolio Tracking or Market Analysis?, Coinigy Portfolio Balances vs Price Charts: Separate Exposure From Signals.

Put Coinigy API Connections next to price, flow and positioning in one workspace.

Open a ChartsPod workspace

Questions readers ask

Does Coinigy need trading permission?

Only if you want to trade through it. For portfolio tracking, read permission is the safer choice.

Should I ever enable withdrawals for a third-party key?

No.

What if my key is exposed?

Revoke it on the exchange immediately, then review account activity.

Sources and methodology

Coinigy capabilities come from its official Boards announcement (September 2023), the most detailed official description available on 17 October 2026; its pricing page could not be read. Menu names and limits may have changed, so confirm in the live product. Examples are illustrative.

  1. Coinigy: Enhanced Boards feature — boards, portfolio panels, alerts, 45+ exchanges (Sept 2023).
  2. Coinigy: platform pricing — check current plans directly.
  3. ChartsPod: product overview, pricing and FAQ — free terminal, venues, modules, no order placement; checked 17 Oct 2026.

This article explains research tools and workflows. It is not financial advice, does not recommend buying or selling any asset and does not predict prices. Crypto derivatives carry a risk of rapid and total loss of margin.

CHARTSPOD EDITORIAL EDITION · RESEARCH AND EDUCATION ONLY · NOT FINANCIAL ADVICE.