Cryptocurrency API Trade: How to Combine Your Strategies to Exchange
As the popularity of cryptocurrencies continues to grow, commercial platforms are emerging to allow users to use API power to combine their strategies and carry out operations with greater efficiency and flexibility. In this article, we will investigate how cryptocurrency traders can combine their strategies with exchange using API.
What is API?
Before immersing the world of cryptocurrency trading API, let’s define what API (programming interface). API is a set of defined rules that allow different software systems or services to communicate with each other. In the context of negotiations, API gives developers a way to develop individualized commercial strategies, perfectly integrated into exchange platforms.
Why use API in cryptocurrency trading?
There are several reasons why traders choose to use API Trade Cryptocurrency:
- Flexibility : API allows operators to apply their commercial strategies using programming language or the selected team sequence system.
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- Integration
: API allows operators to connect several platforms, including exchange, runners and other systems.
How to combine your cryptocurrency trading strategies with exchange using API
Here is a step by step guide how to start:
Step 1: Select Exchange API
Not all exchanges offer access to APIs to everyone. Some popular exchanges that provide API include:
- Binance
- Coinbase Pro
- Kraken
- Bitfinex
Each exchange has its own set of requirements, so be sure to review your documents before connecting the strategy.
Step 2: Register the API key
You need to get API key to connect your commercial strategy with Exchange API. This usually means:
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Step 3: Install a commercial library
You need to implement a commercial library that can manage your commercial strategy using Exchange API. Some popular libraries include:
* Backtrader : Python Library for Python for backward and trading strategies.
* Zipline : The Python Library developed by Quantopian, created for algorithmic trade.
Step 4: Define its commercial logic
Using the library or programming language you choose, define the logic that promotes your commercial strategy. This will mean:
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Step 5: Integrate with Exchange API
By defining your commercial logic, you integrate with Exchange API:
- Delivery Request : Use a library or programming language to send programs to Exchange API.
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Step 6: Try and improve
Try your negotiating strategy using the test environment before implementing production operations:
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