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Which Binance APIs are recommended for beginners in the cryptocurrency industry?

Michał BizielMay 12, 2022 · 3 years ago3 answers

As a beginner in the cryptocurrency industry, I would like to know which Binance APIs are recommended for me to start with. Can you provide some insights on the best Binance APIs for beginners and how they can be beneficial?

3 answers

  • May 12, 2022 · 3 years ago
    Sure, as a beginner in the cryptocurrency industry, it's important to start with APIs that are user-friendly and provide essential functionalities. For beginners, I would recommend starting with Binance's REST API. It allows you to access market data, place orders, and manage your account. This API is well-documented and provides a wide range of features that are suitable for beginners to get started.
  • May 12, 2022 · 3 years ago
    If you're looking for a more advanced API, Binance's WebSocket API is a great choice. It provides real-time market data updates and allows you to subscribe to specific trading pairs or market updates. This API is particularly useful for traders who require up-to-date information for their trading strategies. However, it may require a bit more technical knowledge to fully utilize its capabilities.
  • May 12, 2022 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, also offers its own API for beginners. Their API provides a simplified interface and focuses on ease of use for beginners. It offers basic functionalities such as accessing market data and placing orders. If you prefer a more beginner-friendly interface, BYDFi's API can be a good choice for you.