What are the differences between Websocket and RESTful API in the context of cryptocurrency exchanges?

3 answers

• Dec 25, 2021 · 3 years ago
  Websocket and RESTful API are both communication protocols used in cryptocurrency exchanges, but they have distinct differences. Websocket is a real-time, bidirectional protocol that allows for continuous communication between the client and the server. It is ideal for applications that require instant updates, such as live trading data or order book updates. On the other hand, RESTful API is a stateless, request-response protocol that operates over HTTP. It is suitable for retrieving static data, submitting orders, or performing account-related operations. While Websocket provides real-time updates, RESTful API requires the client to send a request to the server to retrieve the latest data. In terms of performance, Websocket is more efficient as it eliminates the need for frequent requests. However, RESTful API is simpler to implement and widely supported by various programming languages and frameworks. Both technologies have their own advantages and use cases, and the choice between them depends on the specific requirements of the application.
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• Dec 25, 2021 · 3 years ago
  Alright, let's break it down. Websocket and RESTful API are two different ways for applications to communicate with cryptocurrency exchanges. Websocket is like a live chat, where the server can send updates to the client in real-time. It's great for applications that need to constantly receive data, like price updates or trade notifications. On the other hand, RESTful API is more like sending a letter. The client sends a request to the server, and the server responds with the requested data. It's good for getting specific information, like account balances or transaction history. Websocket is faster and more efficient for real-time data, but RESTful API is simpler to use and widely supported. So, it really depends on what you need for your application.
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• Dec 25, 2021 · 3 years ago
  Websocket and RESTful API are two different ways to communicate with cryptocurrency exchanges. Websocket is a protocol that allows for real-time, bidirectional communication between the client and the server. It's like having a phone call with the exchange, where you can receive updates instantly without having to ask for them. On the other hand, RESTful API is more like sending letters. You send a request to the exchange, and it sends back the requested data. It's like asking for specific information. Websocket is great for applications that require real-time updates, like trading bots or market analysis tools. RESTful API is better for getting specific data, like account information or transaction history. Both have their own advantages and use cases, so it depends on what you're trying to achieve with your application.
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