What are the limitations of using websockets vs rest in cryptocurrency trading?

5 answers

• Dec 25, 2021 · 3 years ago
  Websockets and REST are two commonly used protocols in cryptocurrency trading. Websockets provide real-time data updates, allowing traders to receive instant market information. However, one limitation of websockets is that they require a continuous connection, which may consume more resources compared to REST. On the other hand, REST is a stateless protocol that relies on HTTP requests. It is more suitable for retrieving historical data or making occasional updates. In terms of performance, websockets are generally faster and more efficient for real-time data streaming, while REST is better for retrieving large amounts of data. Therefore, the choice between websockets and REST depends on the specific needs of the trading platform and the type of data required.
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• Dec 25, 2021 · 3 years ago
  Using websockets in cryptocurrency trading can offer real-time data updates, which is crucial for making quick trading decisions. However, it's important to consider the limitations of websockets. One limitation is the need for a continuous connection, which may result in higher resource usage. Additionally, websockets may not be suitable for retrieving large amounts of historical data. On the other hand, REST is a more versatile protocol that allows for retrieving historical data and making occasional updates. While REST may not provide real-time updates, it can be more efficient for certain tasks. Therefore, it's important to weigh the advantages and limitations of both websockets and REST when designing a cryptocurrency trading platform.
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• Dec 25, 2021 · 3 years ago
  When it comes to cryptocurrency trading, websockets and REST have their own limitations and use cases. Websockets excel in providing real-time data updates, making them ideal for traders who require instant market information. However, the continuous connection required by websockets may consume more resources compared to REST. On the other hand, REST is better suited for retrieving historical data and making occasional updates. It may not provide real-time updates, but it is more efficient for certain tasks. At BYDFi, we understand the importance of choosing the right protocol for cryptocurrency trading. Our platform utilizes a combination of websockets and REST to provide traders with the best of both worlds - real-time updates and efficient data retrieval.
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• Dec 25, 2021 · 3 years ago
  When it comes to cryptocurrency trading, websockets and REST each have their own strengths and limitations. Websockets are known for their real-time data updates, which can be crucial for traders who need up-to-the-second information. However, the continuous connection required by websockets may consume more resources and may not be suitable for retrieving large amounts of historical data. On the other hand, REST is a stateless protocol that is better suited for retrieving historical data and making occasional updates. While it may not provide real-time updates, REST can be more efficient for certain tasks. It's important to consider the specific needs of your trading platform and the type of data you require when choosing between websockets and REST.
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• Dec 25, 2021 · 3 years ago
  Websockets and REST are both widely used in cryptocurrency trading, but they have different limitations and use cases. Websockets offer real-time data updates, making them ideal for traders who need instant market information. However, the continuous connection required by websockets may consume more resources compared to REST. REST, on the other hand, is better suited for retrieving historical data and making occasional updates. While it may not provide real-time updates, REST is more efficient for certain tasks. It's important to evaluate the specific requirements of your trading platform and the type of data you need to determine which protocol is more suitable for your needs.
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