Coinbase Pro Connector¶
About Coinbase Pro¶
Coinbase Pro is a highly popular, global cryptocurrency exchange designed for professional traders based out of San Francisco, California. It has a reputation for being secure and trustworthy, and accounts on the exchange backed by FDIC insurance.
Using the Connector¶
Because Coinbase Pro is a centralized exchange, you will need to generate and provide your API key in order to trade using Hummingbot.
Creating Coinbase Pro API Keys¶
1 - Log into your Coinbase Pro account, click your avatar and then select API (If you do not have an account, you will have to create one and verify your ID).
You must enable 2FA in your Coinbase account to create the API key. How to enable 2FA?
2 - Click on + NEW API KEY.
Make sure you give permissions to View and Trade, and enter your 2FA code.
API key permissions
We recommend using only "trade" enabled API keys; enabling "withdraw", "transfer", or the equivalent is unnecessary for current Hummingbot strategies.
Once you pass the authentication, you’ve created a new API Key!
Your API Secret will be displayed on the screen. Make sure you store your API Secret somewhere secure, and do not share it with anyone.
When you close the API Secret screen, your API key will be shown in My API Keys. The code highlighted in red is your API key.
The API Key, Secret, and Passphrase are required for using Hummingbot.
If you lose your Secret Key, you can delete the API and create a new one. However, it will be impossible to reuse the same API.
Minimum Order Sizes¶
Pairs on Coinbase Pro generally require a minimum order size equivalent to between $5 and $10. The specific details for different base pairs can be found here.
Coinbase Pro charges 0.15% in maker fees and 0.25% in taker fees for most users. However, users who trade in high volumes can trade at discounted rates. See their official fee structure for more details.