An RSA (Rivest-Shamir-Adleman) key pair consists of a public key and a private key and is at the core of RSA encryption, a powerful cryptographic algorithm. This key pair can be instrumental in securing your digital communications and data.
The public key is used to encrypt data or, in the context of digital signatures, to verify a signature. The private key is kept confidential by the holder and used to decrypt the encrypted data or sign digital communications. It’s important to note that data encrypted with the public key can only be decrypted with the corresponding private key.
Many users choose to trade on Binance using an API. To make sure you’re as secure as possible when using an API key to trade, it’s worth generating an RSA key pair to send API requests to Binance.
This means you can register the public key of your RSA API key pair with Binance and use the corresponding private key to create signed API requests.