Who are the most chosen cryptocurrency API providers in 2022? Let's explore with Nobody in this article right now!
Coinbase API
Coinbase is one of the most trusted cryptocurrency trading platforms on the market.
It is also a cryptocurrency API provider that is appreciated by countless users, thanks to its high flexibility and extremely secure level of security.
They are supporting several cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin, Ethereum and provide a wallet management API service with constant notifications of every transaction to the users.
In addition, retrieving historical price information is also a special part of the Coinbase API “armory”.
Coinbase's API is built on top of Node.js technology, making it possible to integrate cryptocurrency functionality with running applications instead of having to scrap and completely rebuild from scratch.
Currently, the tools and cryptocurrency APIs provided by Coinbase are free to use with a limit of 10,000 requests per hour.
For users who want advanced features like programmatic trading... and a more enjoyable experience, Coinbase also has a Pro plan for a fee.
CryptoCompare API
CryptoCompare is known as one of the “big guys” in the field of providing cryptocurrency data, with a long operating time and currently owns an extremely impressive number of API service users, including Yahoo! with Thomson Reuters.
API endpoints provided by CryptoCompare, including price - history - news... is said to be highly reliable and scalable.
Besides, according to recent statistics, the APIs on this platform reaches 180 million requests per hour at peak times and can collect more than 800 transactions per second.
CryptoCompare's API will be extremely suitable for those who need the most extensive and detailed array of cryptocurrency data.
However, the use of the free API is also quite limited.
Users can get real-time and historical pricing information. But some of the more advanced datasets are only included in the paid commercial plan by CryptoCompare.
CoinMarketCap API
How can anyone who is passionate and is following cryptocurrencies not know about the CoinMarketCap platform!
It is the most reputable and recognized cryptocurrency information site in the current market.
They offer a huge selection of exchanges for their users and include over 2000 cryptocurrencies.
CoinMarketCap's API is trusted by countless users, including two high-end names, Coinbase exchange and Canadian bank.
Here, users can find information on the prices of more than 1000 cryptocurrencies and digital assets.
Besides, CoinMarketCap also shares REST APIs but is still quite limited. In return, they are considered to be very easy to use and useful for those who are looking to build an application with automated trading functionality.
Wallet management as well as transactions and historical data retrieval are not within the scope of this platform, but any information contained herein is valuable.
However, if real-time pricing data is important to you, then CoinMarketCap is probably not the ideal choice.
Currently, people can use the API for free with certain limits, or accept payment if they want to upgrade to a more professional plan.
Nomics API
Nomics - a cryptocurrency trading data platform with free APIs that can be used for all trading needs.
The development goal that Nomics set forth is to become the “backbone” of cryptocurrency data for professional developers and traders.
They provide complete data based on archival history, synthesis and thorough analysis.
What sets Nomics apart from many other crypto API providers on the market is that they use raw trade data with extreme precision.
In addition, the Nomics API is also capable of detecting some forms of fraud through manipulation of transaction data.
Overall, the Nomics API is a great resource for traders, as it provides the most detailed raw data.
On the other hand, the Nomics API is also quite expensive for independent developers because the rent is not cheap.
CoinAPI.io
CoinAPI.io has its own way of working and is completely unlike some other data providers on the market.
They do not operate their own coinranking website and seem to focus mainly on the service of providing price data, as well as market information of cryptocurrencies.
In addition, CoinAPI.io provides real-time data transmission, with a design structure that makes everything reliable and done quickly.
Perhaps this is an extremely bright name in the field of providing cryptocurrency APIs in the futures market.
