Create API Wallet

What is an API Wallet?

API wallets (also called agent wallets) allow Dextrabot to execute trades on your behalf without ever having withdrawal rights over your funds. This setup ensures your funds remain safe and non-custodial.

As Hyperliquid explains: “API wallets (also known as agent wallets) can perform actions on behalf of your account without having withdrawal permissions. You must still use your account's public address for info requests.”

Step 1 – Add Account

• Navigate to Wallet Management and click Add Account.

• If you don’t already have an active API wallet, the Create API Wallet tab will open automatically.

Step 2 – Check Your Balance

• The connected wallet will be displayed.

• Before proceeding, make sure you have at least 5 USDC available in your Hyperliquid Perpetual balance.

• If you have sufficient funds, the Enable Trading button will appear.

Step 3 – Approve Transactions in Your Wallet Provider

• After clicking Enable Trading, your wallet provider (e.g. Rabby Wallet) will prompt you to sign two transactions:

  1. Builder Setup – setting the builder fee permissions.

  2. API Wallet Creation – generating the API wallet itself.

• Approve both transactions to continue.

Step 4 – API Wallet Created

• Once confirmed, your new API wallet will be generated with a 6-month validity.

• You will see a success message: “You’re ready to trade!”

• The wallet will be displayed in your Wallet Management list, including the API Wallet name (e.g. Dextrabot) and expiration date.

Step 5 – Verify on Hyperliquid

• You can also verify your API wallet directly on Hyperliquid’s dashboard under More → API.

Süper, anladım 👍 senin söylediklerine göre Pros & Cons bölümünü yeniden düzenledim.

API Wallet Pros&Cons

Pros ✅

• Non-custodial: Funds always remain in your own login wallet on Hyperliquid.

• Higher security: Since no funds are deposited into the API wallet itself, there’s no risk of withdrawal.

• Seamless trading: API wallet is only used to execute trades on your behalf.

• Good for cautious users: Ideal if you prefer to keep full control of your funds at all times.

Cons ❌

• Two signature steps required during setup:

  1. Setting the Builder Fee.

  2. Creating the API Wallet.

• Expiry limitation: API wallets are valid for 6 months. They will be automatically renewed by requesting permission from the user before expiry.