It should be noted that these options don’t have nearly as extensive of an offering as Binance. If trading futures is not your thing, there are several regulated brokers that offer CFD trading on cryptocurrencies which can be a good alternative. The benefit of a regulated broker is that they have insurance schemes in place to protect the consumer. If your primary interest is trading Bitcoin, you might be better off trading Bitcoin futures with a regulated broker like Interactive Brokers for example. While security is a big plus point for Binance when it comes to exchanges, there are better alternatives, depending on your needs. The most important part, when Binance got hacked in 2019, and more than $40 million was stolen, Binance covered the users that were impacted. There have only been a few instances of Binance getting hacked which is something that all exchanges are susceptible to due to the nature of the business. Lastly, Binance has a good track record of security. It currently ranks number one for Bitcoin volume according to and ranks well for many other currencies.Ĭommissions are very competitive and you may be hard-pressed to find another exchange with lower fees. Why should I use the Binance API?īinance has established itself as a market leader when it comes to cryptocurrency trading. Further, there is also a WebSocket available that enables the streaming of data such as price quotes and account updates. More specifically, Binance has a RESTful API that uses HTTP requests to send and receive data. The Binance API is a method that allows you to connect to the Binance servers via Python or several other programming languages. How to execute an ETH trade when BTC moves 5% in the last 5 minutes.How to execute a trade on ETH when BTC hits a certain price.
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