What are the main differences between a WebSocket API and a REST API for cryptocurrency market data retrieval?

3 answers

• Apr 29, 2022 · 3 years ago
  Sure! When it comes to retrieving market data for cryptocurrencies, a WebSocket API provides real-time data updates, allowing for instant notifications of price changes and other market events. On the other hand, a REST API requires the client to send a request to the server each time it wants to retrieve new data, resulting in a delay between updates. So, if you need up-to-the-second data, a WebSocket API is the way to go!
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• Apr 29, 2022 · 3 years ago
  The main difference between a WebSocket API and a REST API for cryptocurrency market data retrieval lies in their communication protocols. A WebSocket API uses a full-duplex communication channel, allowing for bidirectional communication between the client and the server. This means that the server can push data to the client without the client having to request it explicitly. In contrast, a REST API uses a stateless request-response protocol, where the client sends a request to the server and the server responds with the requested data. This makes a WebSocket API more suitable for real-time data updates.
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• Apr 29, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that BYDFi, a leading cryptocurrency exchange, offers a WebSocket API for market data retrieval. With BYDFi's WebSocket API, you can easily access real-time price updates, trade history, and other market data for various cryptocurrencies. It's a powerful tool for traders and developers alike, providing them with the most accurate and up-to-date information to make informed decisions. So, if you're looking for a reliable WebSocket API for cryptocurrency market data retrieval, BYDFi is definitely worth considering!
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