How do I choose an API for trading?
An example of an AI chatbot conversation about choosing a trading API.
How do I choose an API for trading?
Choosing a trading API involves considering factors like reliability, speed, supported assets, and fees. What specific features are you looking for?
I need something that supports multiple asset classes and has low latency.
In that case, look for APIs that offer real-time data feeds and support for stocks, forex, and cryptocurrencies. Have you checked out any specific APIs yet?
I've heard about Alpaca and Binance. Are they good options?
Yes, both Alpaca and Binance are popular choices. Alpaca is great for stocks and offers commission-free trading, while Binance is excellent for cryptocurrencies. What will you be trading primarily?
I'm mostly interested in cryptocurrencies.
Then Binance would be a strong option for you, as it has a wide range of crypto assets and advanced trading features.
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