What are the key differences between RESTful API and WebSocket in the context of digital currency trading?

3 answers

• Dec 15, 2021 · 3 years ago
  RESTful API and WebSocket are both commonly used in digital currency trading, but they have some key differences. RESTful API is a stateless protocol that uses HTTP requests to perform actions, such as retrieving data or placing orders. It is widely supported and easy to implement. On the other hand, WebSocket is a full-duplex communication protocol that allows real-time data streaming between the client and the server. It is more suitable for applications that require real-time updates, such as price tickers or order books. While RESTful API is request-based, WebSocket enables bidirectional communication, allowing the server to push data to the client without the need for continuous polling. Overall, RESTful API is better suited for retrieving historical data and placing orders, while WebSocket is ideal for real-time data streaming and interactive applications.
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• Dec 15, 2021 · 3 years ago
  When it comes to digital currency trading, RESTful API and WebSocket serve different purposes. RESTful API is commonly used for retrieving historical data, placing orders, and managing account information. It follows a request-response model, where the client sends a request to the server and waits for a response. On the other hand, WebSocket is designed for real-time data streaming and enables bidirectional communication between the client and the server. It is ideal for applications that require instant updates, such as live price feeds or order book updates. While RESTful API is more widely supported and easier to implement, WebSocket provides a more efficient and responsive way to handle real-time data in digital currency trading.
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• Dec 15, 2021 · 3 years ago
  In the context of digital currency trading, the key differences between RESTful API and WebSocket are in their communication models and use cases. RESTful API follows a stateless request-response model, where the client sends a request to the server and receives a response. It is suitable for retrieving historical data, placing orders, and managing account information. On the other hand, WebSocket enables full-duplex communication, allowing the server to push data to the client without the need for continuous polling. It is ideal for real-time data streaming and interactive applications, such as live price updates or order book changes. While RESTful API is widely supported and easy to implement, WebSocket provides a more efficient and responsive way to handle real-time data in digital currency trading.
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