What is API and what can it be used for?
Hi. I am interested in what API is and what it can be used for and does it facilitate trading on exchanges in some way?
Hi. I am interested in what API is and what it can be used for and does it facilitate trading on exchanges in some way?
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3 answers
An API (Application Programming Interface) is a program that allows one application to interact with another. Simply put, an API is a messenger that accepts requests and tells the system what to do, then returns the system's response back to you. The API can be used, for example, to track an investment portfolio, or to trade directly in the markets. Trading API allows you to interact with the trading system. More precisely, it allows you to make trades directly on the exchange. This is especially useful for traders who run algorithmic models in their own trading systems and want to receive live quotes and be able to execute trades manually or automatically using an algorithm. API trading is especially popular with large hedge funds and trading companies due to their use of algorithmic trading programs, but even private investors can use trading APIs provided by online brokers and, more recently, cryptocurrency exchanges. Most of the leading crypto asset exchanges such as Binance, Bitfinex, Bittrex and Coinbase Pro offer trading APIs to their clients. These APIs allow you to submit live pricing information as well as direct checkout.
An API (Application Programming Interface) is a program that allows one application to interact with another. Simply put, an API is a messenger that accepts requests and tells the system what to do, then returns the system's response back to you. The API can be used, for example, to track an investment portfolio, or to trade directly in the markets. Trading API allows you to interact with the trading system. More precisely, it allows you to make trades directly on the exchange. This is especially useful for traders who run algorithmic models in their own trading systems and want to receive live quotes and be able to execute trades manually or automatically using an algorithm. API trading is especially popular with large hedge funds and trading companies due to their use of algorithmic trading programs, but even private investors can use trading APIs provided by online brokers and, more recently, cryptocurrency exchanges. Most of the leading crypto asset exchanges such as Binance, Bitfinex, Bittrex and Coinbase Pro offer trading APIs to their clients. These APIs allow you to submit live pricing information as well as direct checkout.
Machine translated
Api is a very convenient solution that I use to trade via a bot on exchanges and track portfolios. It is very easy to implement in the application or program you want to use. Each exchange gives you access to the Api, you just need to find in the settings and generate a key encrypted with a password and give it the parameters that suit you. For example, to track your transactions in the blockfolio application, you only need a readable api, and you don't have to turn on the trading or withdrawals options, which increases security.
Api is a very convenient solution that I use to trade via a bot on exchanges and track portfolios. It is very easy to implement in the application or program you want to use. Each exchange gives you access to the Api, you just need to find in the settings and generate a key encrypted with a password and give it the parameters that suit you. For example, to track your transactions in the blockfolio application, you only need a readable api, and you don't have to turn on the trading or withdrawals options, which increases security.
Machine translated
Machine translated