What Is Crypto API Trading?

Can it guarantee data safety?

Trading through an API

APIs in Cryptocurrency Trading

  1. It provides you with information about the current prices of cryptocurrencies
  2. It shows you trading volumes, opens, closes, low and high points, and others
  3. It provides you with historical data
  4. It shows you news feeds tied up to the crypto market
  5. It provides you with a ranking of top coins by their overall trading volume, popularity, and other statistical data

Crypto Trading Bots

  1. Arbitrage trading bots scouts the market with arbitrage opportunities then takes advantage of profit. It can also execute a trade to buy low and sell high if it finds an underpriced currency in a market but overvalued in another.
  2. Momentum trading bots can calculate the strength of price actions whose momentum can create inertia. The bot can place a trade when there is enough inertia which the trader can make a profit from if the direction continues.
  3. Mean-reversion trading bots can calculate the mean price based on a dictated duration. The bot places a trade whenever an observed deviation is about to reverse and places a trade in that direction.

APIs, Bots, and Trading Safety

Conclusion

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eQapital Banq

Your fiat and digital asset custodian. Bridging the gap between Banking and Blockchain.