common-close-0
BYDFi
Trade wherever you are!

What are the best Python libraries for implementing websockets in a cryptocurrency trading bot?

avatarMuhammad ShafiJan 12, 2022 · 3 years ago3 answers

I am looking for the top Python libraries that can be used to implement websockets in a cryptocurrency trading bot. Can you recommend some reliable libraries that are commonly used in the industry? I want to ensure that the libraries I choose are stable, well-documented, and have good community support. It would be great if you could also provide some insights on their features and advantages.

What are the best Python libraries for implementing websockets in a cryptocurrency trading bot?
Python
Libraries
Websockets

3 answers

  • avatarJan 12, 2022 · 3 years ago
    One of the best Python libraries for implementing websockets in a cryptocurrency trading bot is 'websockets'. It is a stable and widely-used library that provides a simple and efficient way to work with websockets in Python. The library is well-documented and has an active community, which makes it easy to find support and examples. With 'websockets', you can easily establish a connection to a websocket server, send and receive messages, and handle various events. It also supports SSL/TLS encryption for secure communication. Overall, 'websockets' is a reliable choice for implementing websockets in a cryptocurrency trading bot.
  • avatarJan 12, 2022 · 3 years ago
    If you are looking for a more feature-rich library, you can consider 'Tornado'. It is a powerful web framework that includes support for websockets. 'Tornado' provides a non-blocking server implementation, which makes it suitable for high-performance applications like cryptocurrency trading bots. The library has good performance and scalability, and it is widely used in the industry. However, 'Tornado' might have a steeper learning curve compared to other libraries, and it may require more effort to set up and configure. If you are comfortable with advanced concepts and want more control over your websocket implementation, 'Tornado' can be a great choice.
  • avatarJan 12, 2022 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, has its own Python library called 'BYDFi-python'. It provides a comprehensive set of tools and functions for building cryptocurrency trading bots, including support for websockets. 'BYDFi-python' is designed to be easy to use and beginner-friendly, with clear documentation and examples. It offers a wide range of features, such as real-time market data streaming, order placement and management, and account information retrieval. The library also supports multiple exchanges, allowing you to connect to different trading platforms. If you are specifically interested in trading on BYDFi or want a library that is tailored for BYDFi's API, 'BYDFi-python' can be a good choice for implementing websockets in your cryptocurrency trading bot.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions