Which API type, WebSocket or REST, is more suitable for real-time cryptocurrency price updates?

3 answers

• Dec 17, 2021 · 3 years ago
  WebSocket is generally considered more suitable for real-time cryptocurrency price updates. It offers a persistent connection that allows for instant updates as soon as new data becomes available. This makes it ideal for traders who require up-to-the-second information. However, WebSocket can be more complex to implement and may require additional server resources. On the other hand, REST is simpler to use and widely supported by most exchanges. It can still provide near real-time updates, but not as instant as WebSocket. REST is a good choice for applications that don't require immediate data and can tolerate a slight delay. Overall, the choice between WebSocket and REST depends on the specific needs of the application and the trade-off between instant updates and simplicity of implementation.
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• Dec 17, 2021 · 3 years ago
  If you're looking for real-time cryptocurrency price updates, WebSocket is the way to go. It offers a direct and continuous connection to the exchange's server, allowing for instant updates as soon as new data is available. This is crucial for traders who need to make split-second decisions based on the latest market information. REST, on the other hand, relies on periodic requests to fetch data, which can introduce a slight delay. While REST is simpler to implement and widely supported, it may not provide the same level of real-time updates as WebSocket. So, if real-time is your top priority, WebSocket is the more suitable choice.
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• Dec 17, 2021 · 3 years ago
  In my experience, WebSocket is the preferred API type for real-time cryptocurrency price updates. It provides a persistent connection that allows for instant updates, making it ideal for traders who need up-to-the-second information. REST, on the other hand, relies on periodic requests and may introduce a slight delay in data updates. However, REST is simpler to use and widely supported, making it a good choice for applications that don't require immediate data. Ultimately, the choice between WebSocket and REST depends on your specific needs and priorities. If real-time updates are critical, WebSocket is the way to go. Otherwise, REST can still provide near real-time updates with the added benefit of simplicity.
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