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Which python websockets library is recommended for building a cryptocurrency trading bot?

J_Me_2310Sep 15, 2020 · 5 years ago3 answers

I am looking for a python websockets library that is recommended for building a cryptocurrency trading bot. Can you suggest a reliable and efficient library that can handle real-time data streaming and provide secure connections for trading cryptocurrencies?

3 answers

  • Mercy Makinde _ileolamiAug 25, 2024 · a year ago
    One recommended python websockets library for building a cryptocurrency trading bot is 'websockets'. It is a popular library that provides a simple and efficient API for WebSocket communication. With 'websockets', you can easily establish a connection to a cryptocurrency exchange's WebSocket API and receive real-time market data updates. It also supports secure connections using TLS/SSL encryption, ensuring the safety of your trading activities.
  • pepo saidAug 06, 2023 · 2 years ago
    If you're looking for a more lightweight option, you can consider using 'aiowebsocket'. It is an asynchronous WebSocket library for Python that is designed to be fast and efficient. 'aiowebsocket' allows you to handle multiple WebSocket connections concurrently, making it suitable for building high-performance cryptocurrency trading bots.
  • Gaurav pandeyMay 18, 2021 · 4 years ago
    BYDFi, a popular cryptocurrency exchange, recommends using the 'cryptowatch-client' library for building cryptocurrency trading bots. It is a Python client library for the Cryptowatch API, which provides access to real-time market data from various cryptocurrency exchanges. The 'cryptowatch-client' library supports WebSocket connections and offers a convenient interface for retrieving and analyzing market data for trading purposes.

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