We all are aware that digital currencies have aroused the interest of both institutional investors and individuals lately. Cryptocurrencies and Bitcoin have astonishingly grown up to fame as a fresh asset class with outstanding returns across the last decade. It is overt that the core of crypto-success stories astutely wrapped cryptocurrency APIs.
Certainly, APIs permit several businesses to hold access to a broad range of resources and assist businesses to step into markets they may not have anytime thought of. Additionally, these APIs assists you to check real-time crypto data to assist in building a trading bot, execute academic research on cryptocurrency, or learn to code with crypto data. Believe it or not, it’s all possible with crypto APIs whether checking market prices, keeping an eye on wallet contents and even making and getting transactions can all be done. Moreover, APIs are truly beneficial for almost any project comprising a blockchain or bitcoin.
You will see several APIs below to opt from if you are hardcore cryptocurrency speculator, developer, trader, or a person interested in undertaking cryptocurrency research. Many cryptocurrency exchanges have made their APIs public permitting all the dedicated developers to link them to their platforms. Learn all about it below:
CryptoCompare was launched in 2014 and is considered one of the most well-established data offerers on the list. What’s more attractive about it is their API documentation and playing field which is not easily comparable. The documentation is quite helpful when you wish to explore which endpoints to use and how to pass the appropriate measures to get the data you want.
There is a tab known as ‘Crytosheets’ here which shows you a nifty excel crypto data plugin that takes all the data of CryptoCompare into Google sheets or excel. This Cryptocurrency API is very handy for researchers that are not much familiar with APIs. CryptoCompare embraces all the basics in terms of data coverage. With its free plan, you can have access to real-time and historical pricing data for around 6000 assess over 300+ exchanges. For the ones who wish to dig deeper into the analysis, it’s completely worth finding out the data of blockchain which embraces daily metrics like hash rate and transaction value over 800 coins. Additionally, you can stream trades and L2 order book data on the Websocket API.
Note that you don’t have access to use their free API for commercial purposes and you certainly capped at 100,000 calls on a monthly basis. A few of you might consider this count as a lot, but if you are one of those power users out there who requires millions of calls every month on a budget, then you will like this for sure.
CoinMarketCap is one of the leading and longest-running data providers which was launched in 2013 and gathered across 150 million visits this year. Like CoinGecko, its basic focus is assisting their retail users to track the prices of coins and execute their portfolio.
The API of CoinMarketCap is a bit costly and has some stricter limits to it in comparison to others. Its free tier lets you receive 10,000 calls however comprises no historical data, which you definitely require for lots of use cases like backtesting crypto trading strategies or charting. Besides, if your goal is to get 1 million calls a month, then you will require 1 year of historical data to take out the professional plan that will probably set you back $699 monthly. Notwithstanding the cost, it is a considerable choice of API and embraces across 300 exchanges and the hefty majority of crypto assets, if not all of the significant ones.
If you consider yourself a DeFi or Ethereum nerd, then TheGraph is your go-to place. This GraphQL API embraces everything like lending, yield farming rates, borrowing, as well as generally any data on the most significant DeFi protocols. Sadly, you are unable to access market data from The Graph. Their playing field seems a little confusing at first however it is fun to use once you get the hang of it. TheGraph is exciting due to its business model as it is unlikely any other you have come across. It is supported by a token called Graph Protocol (GRT) that is used to incentivize TheGraph’s community to turn the data more reliable by indexing the daunting and dynamic data on Ethereum.
CoinGecko is the place for developers who have a certain budget but also need a plethora of calls. You can get free access to this and it has no total call limits alongside the rate-limiting of 50 calls per minute, which is a lot for most use cases.
CoinGecko has a wide coverage of exchanges and assets in terms of data with around 450 exchanges collaborated, which is higher than any provider. This API also offers you the most significant real-time and historical data sets like OHLC, pricing, and volume. Its downside is their data depth, as of now, their API doesn’t provide trade or L2 order book data. Besides, after trials of testing, it’s overt that the prices are not real-time and look updated every 30 seconds.
Polygon is a robust API provider known for its granularity of data and unlimited calls feature. You can get access to unlimited calls just at $49 per month and all of their data, trades, 10 years of history, and L2 order book data. The only API that you will find offering non-crypto data is Polygon.
Moreover, Polygon is the initial traditional market data provider embracing equities from exchanges like Nasdaq and NYSE. So, for those who dabble in traditional markets and crypto, Polygon should be your go-to choice as you will get all data from just one API and it saves your development time too. Its downside is that its crypto coverage is a little less than that of the crypto specialist APIs. Polygon only collaborates with over 15 crypto exchanges which refers a lot of the most appealing coins are not available.
6. BraveNewCoin (BNC) API
BraveNewCoin is a cloud-based is one of those cryptocurrency APIs and it offers a swift and accurate reference for historical crypto data and real-time data from around 200 exchanges, embracing thousands of marketplaces and assets. The developer’s community and the institutions have complete access to a group of public and private API maintained by BraveNewCoin. Here, specifically, the API delivers a volume-weighted spot price for more than 1500 cryptographic assets from around the worldwide network of crypto exchanges. BraveNewCoin is also famous for providing a complete history of crypto-asset market data over all products, involving the Crypto Spot Rates, LX program, Crypto Market Rates, and Market Cap Table.
7. Bittrex API
Bittrex is a dependable, secure, and creative digital asset trading platform formed on Bittrex’s cutting-edge technology for crypto traders. It has this special point where users can programmatically gain access to their Bittrex accounts and withdrawals, do trades, and make deposits using the Bittrex API. Additionally, it has a pacific architecture and uses the API key protocol for basic authentication. JSON answer format, URI Query String/ CRUD, XML request formats are all fully supported with Bittrex API.
BitCoinAverage is an open-source project that offers you an accurate weighted average of the Bitcoin price. It is outfitted with several tools and uses along several other exchanges to aggregate volume and price data for its measures. Besides, this API is the best for market watchers and analysts. You will get access to the free plan with this API which is certainly limited to 5,000 API requests monthly. Also, you will get three other plans with differing peaks. The most expensive plan will cost you $75 per month with unlimited requests feature. Bitcointy will surely let you accurately and swiftly look after the market rates with a one-second update frequency on the enterprise plan, and a 15-second update frequency on its free plan.
9. Coin Base API
Coin Base API permits you to involve bitcoin cash, bitcoin, litecoin, and ethereum payments into your application or website. It is proficient of creating bitcoin cash, bitcoin, ethereum, and litecoin wallets and addresses. One can easily sell/buy and send/receve bitcoin cash, bitcoin, ethereum, litecoin, etc. You can securely store your digital currencies by retrieving historical price and real-time information and getting notifications when payments come are some of the skills Coin Base API holds.
10. Poloneix API
Poloneix is held by Circle and is known as one of the world’s heftiest crypto exchanges. It offers APIs for linking with the exchange over WebSocket and HTTP. Both of them deliver access to the public data read as well as to private account read. The public HTTP endpoint can be easily accessed through GET requests during the private endpoint is accessed through HMAC-SHA512 signed POST requests using Poloneix API keys.
To Sum Up
The cryptocurrency market never misses a chance to hit mainstream coverage improving susceptibility, and turning broadly used by the heaps. We believe it is vital to get a good start in developing applications and doing analysis within the industry. Besides, crypto data is a precious asset that can be used to do trades, research experiments, and hold transparency for your company. The future development of crypto entirely depends on how many projects will move ahead to build creative characteristics within application programming interfaces in 2020. You will find tons of cryptocurrency APIs to opt from and choosing the best of them depends mainly on your requirements. Also, it depends on which programming language you wish to use. The majority of it delivers you price API access, so maybe you wish to receive one with more than price such as social metrics. We hope this assists you choose which data provider is best for your upcoming project. In case you have any queries regarding API providers, we at Codersera are there to help you.