Bitcoin Forum

Economy => Trading Discussion => Topic started by: WalletPlus on April 17, 2020, 02:48:49 PM



Title: Which exchange has the best API ??
Post by: WalletPlus on April 17, 2020, 02:48:49 PM
Hi,

I am using Bittrex API for my little trading bot, but I am interested if someone has a better experience with some other exchanges centralized or decentralized??? It needs to allow me to trade with more than $1 million.


Thx,
and don't forget HODL.


Title: Re: Which exchange has the best API ??
Post by: OmegaStarScream on April 18, 2020, 05:11:47 PM
You should be able to create large orders using Binance[1][2].

It all depends on the coins you're going to use though. I've converted some of the values (found on the first link) to USD and apparently, they're not all the same.

Code:
11823 ETH = ~2 Million USD
280593 NEO = ~2.1M USD
297315 WTC = ~250,000 USD
etc.

[1] https://www.binance.com/en/trade-rule
[2] https://github.com/binance-exchange/binance-official-api-docs/blob/master/rest-api.md


Title: Re: Which exchange has the best API ??
Post by: WalletPlus on April 18, 2020, 06:50:38 PM
You should be able to create large orders using Binance[1][2].

It all depends on the coins you're going to use though. I've converted some of the values (found on the first link) to USD and apparently, they're not all the same.

Code:
11823 ETH = ~2 Million USD
280593 NEO = ~2.1M USD
297315 WTC = ~250,000 USD
etc.

[1] https://www.binance.com/en/trade-rule
[2] https://github.com/binance-exchange/binance-official-api-docs/blob/master/rest-api.md

Thx, for the answer. Binance is ok but I would love to find a decentralized solution for my project. I am only trading a handful of coins, will look into it.


Title: Re: Which exchange has the best API ??
Post by: OmegaStarScream on April 22, 2020, 12:39:51 PM
Thx, for the answer. Binance is ok but I would love to find a decentralized solution for my project. I am only trading a handful of coins, will look into it.

The problem with DEXes[1][2][3] is liquidity. So if you still want to trade 1M USD as you mentioned in the OP, I don't think they'll be of too much help.

[1] https://coinmarketcap.com/exchanges/uniswap/
[2] https://coinmarketcap.com/exchanges/binance-dex/
[3] https://coinmarketcap.com/exchanges/idex/


Title: Re: Which exchange has the best API ??
Post by: GreatArkansas on April 22, 2020, 01:21:20 PM
It needs to allow me to trade with more than $1 million.
The only concern you have is only able to trade with more than $1 million in 1 order?

And btw, what kind of bot that? Is that manually operated, like you will enter some trading pairs, amount to trade, type of trade (short/long), etc? And also what kind of trades you are planning? Spot trades? Margin trades?
Try to also to look at Huobi Global (https://huobiglobal.zendesk.com/hc/en-us/articles/360000304441-Trade-Limits)


Title: Re: Which exchange has the best API ??
Post by: WalletPlus on April 23, 2020, 08:34:11 PM
It needs to allow me to trade with more than $1 million.
The only concern you have is only able to trade with more than $1 million in 1 order?

And btw, what kind of bot that? Is that manually operated, like you will enter some trading pairs, amount to trade, type of trade (short/long), etc? And also what kind of trades you are planning? Spot trades? Margin trades?
Try to also to look at Huobi Global (https://huobiglobal.zendesk.com/hc/en-us/articles/360000304441-Trade-Limits)

Not with one order but could happen.

what kind of bot ?? His name is George and he trades better than you local trader :)

No, it is not manually operated, he set buy and sell orders automatically, depending on the market movement. I can tell him commands, but mostly I let him alone.

It seems i will split the money pool into multiple exchanges.



Title: Re: Which exchange has the best API ??
Post by: shollyen on April 23, 2020, 09:42:34 PM
It needs to allow me to trade with more than $1 million.
The only concern you have is only able to trade with more than $1 million in 1 order?

And btw, what kind of bot that? Is that manually operated, like you will enter some trading pairs, amount to trade, type of trade (short/long), etc? And also what kind of trades you are planning? Spot trades? Margin trades?
Try to also to look at Huobi Global (https://huobiglobal.zendesk.com/hc/en-us/articles/360000304441-Trade-Limits)

Not with one order but could happen.

what kind of bot ?? His name is George and he trades better than you local trader :)

No, it is not manually operated, he set buy and sell orders automatically, depending on the market movement. I can tell him commands, but mostly I let him alone.

It seems i will split the money pool into multiple exchanges.



Do you use the grid trading bot? Also, is it a personal one or you are using the platform of a service provider.
Not until now, I didn't know that APIs work differently. My thought was that all exchanges, ordinarily, have different API and they are peculiar to them.
i must confess, this is an eye-opener to me. Although, I use the trading bot for spot trading.


Title: Re: Which exchange has the best API ??
Post by: BitMaxz on April 23, 2020, 09:54:45 PM

It seems i will split the money pool into multiple exchanges.



That would be much better because "don't put all your eggs in one basket"
Since it's a big money you will need multiple exchanges to be able to trade a big amount.

Every exchange has its own limits you can't trade them instantly with a big amount and I think using multiple exchanges can reduce the account risk for being hacked.

Other exchanges can be found here https://www.coingecko.com/en/exchanges
There are many options but I suggest you choose only exchanges which are a well-known exchange on the top 20 from the list above.

Also, check this crypto exchanges API list below
- https://github.com/rjcnitsche/Crypto-API-List
- https://github.com/ccxt/ccxt/wiki/Exchange-Markets


Title: Re: Which exchange has the best API ??
Post by: WalletPlus on April 24, 2020, 01:06:47 PM
Do you use the grid trading bot? Also, is it a personal one or you are using the platform of a service provider.
Not until now, I didn't know that APIs work differently. My thought was that all exchanges, ordinarily, have different API and they are peculiar to them.
i must confess, this is an eye-opener to me. Although, I use the trading bot for spot trading.

I develop my own trading bot, it uses grid trading but it is just one of many values that I take into consideration.


Title: Re: Which exchange has the best API ??
Post by: rexxarofmoknathal on April 25, 2020, 09:06:36 PM
I have personally used to APIs of BitMEX, Binance and KuCoin, but I have to say that the BitMEX API is best to work with.

However, I only access these through a third-party trading bot, so I don't know too much about how easy it is to build around the APIs.

If you're worries about this, why not just work with their REST APIs? Most major exchanges offer this feature nowadays.