Technical Overview

How does Zenfuse work?

Zenfuse will act as the interlayer between the user and their exchange accounts, using secured API keys to process requests. An API key is a code passed in by a computer program to identify the calling program.

To give the Zenfuse platform access to place orders on a specified cryptocurrency exchange on behalf of the user, the user needs only to enter exchange API keys once while logged in to Zenfuse.

It is important to note that Zenfuse will never request complete control of the assets of the user. The platform will require access rights to place orders on behalf of the user but will not require access rights to withdraw money. This means that the user’s money will always be kept on cryptocurrency exchanges and will never be transferred to Zenfuse.

The majority of cryptocurrency exchanges allow users to access their API keys to enable third-party software, such as Zenfuse. The largest exchanges, such as Binance, Bittrex, Bitfinex, GDAX, Bithumb, Bitstamp, Huobi, OKEX, Kraken, and more than 100 other exchanges, all allow users to obtain the API key.

API key solutions require a huge focus on security, as there are risks for the user if an API key is compromised. Zenfuse incorporates a secure gateway with end-to-end encryption and two-factor authentication to protect users and their API keys. For more details, see the Security Considerations section of this document.