Transactions are sent between peers using software called “cryptocurrency wallets.”

The person creating the transaction uses the wallet software to transfer balances from one account (AKA a public address) to another.

An Initial Exchange Offering (IEO) is a token sale supervised by a cryptocurrency exchange.

IEOs are available exclusively to the exchange’s users, although some IEOs may take place in several exchanges.Just like ICOs, IEOs allow investors to get new cryptocurrencies (or tokens) while raising funds for promising crypto projects.

An application program interface (API) is a set of routines, protocols, and tools for building software applications.

Basically, an API specifies how software components should interact. Additionally, APIs are used when programming graphical user interface (GUI) components.A good API makes it easier to develop a program by providing all the building blocks. A programmer then puts the blocks together.

Your Exchange of choice provides the API Key you need to interact with them! This happens absolutely automatically!