What are the advantages of using WebSocket over REST API for real-time cryptocurrency data?

3 answers

• Mar 27, 2022 · 3 years ago
  WebSocket offers real-time data updates, allowing traders to receive live market information without delay. This is especially crucial in the fast-paced cryptocurrency market, where every second counts. With REST API, data is retrieved through requests, which can be slower and less efficient for real-time updates. WebSocket provides a more efficient and responsive solution for real-time cryptocurrency data.
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• Mar 27, 2022 · 3 years ago
  Using WebSocket for real-time cryptocurrency data enables faster and more frequent updates compared to REST API. This is because WebSocket allows for a persistent connection between the client and the server, eliminating the need for repeated requests. As a result, traders can receive real-time data updates instantly, providing them with a competitive advantage in the market.
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• Mar 27, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the advantages of using WebSocket for real-time cryptocurrency data. By leveraging WebSocket technology, BYDFi ensures that its users have access to the most up-to-date market information, enabling them to make informed trading decisions. WebSocket's ability to provide real-time data updates sets it apart from REST API, making it a preferred choice for traders who require timely and accurate cryptocurrency data.
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