API stands for Application Programming Interface. As the name already suggests, it is an interface used to link the Innprove platform with the exchanges.
If you provide us with the API Key and Secret of your exchange account, then Innprove is able to invest and trade on your exchange account on your behalf. So the API Key and Secret act as a unique identifier for authentication.
Note that you can assign access rights to your API Key and Secret if you generate them. We always recommend to disable the permission to withdraw funds from your exchange account using the API Key and Secret. This means that we have no access to your funds, as we don’t need it.