I’ve been experimenting with a small crypto trading bot and one thing I underestimated was how important good data is.
Initially tried scraping + a couple free APIs… didn’t go well.
Switched to CoinMarketCap API and it’s been way more reliable so far.
Main things I’m using:
real-time price quotes
historical data for strategy testing
exchange + market pair data
Data updates are pretty frequent (around every minute), which is decent for most strategies.
Also nice that it aggregates data from a ton of exchanges, so you’re not relying on a single source.
Still figuring out:
best way to structure backtesting
whether to combine it with another API for redundancy
What are you guys using for trading bots? Single API or multiple?
For bots, historical data matters more than people think. That’s where most APIs fall short — CMC is actually decent there
byu/Hamesloth inCryptoMarkets
Posted by Hamesloth