API systems allow developers to gain access to platforms to innovate and connect their own applications. One of the most innovative markets on the internet, cryptocurrency platforms have many different types of APIs. Specifically, the bitcoin API have many uses that are making this digital currency the most popular and widely used online. Today, many digital businesses from hosting companies to hosted VoIP companies are accepting Bitcoins with their own API integrations. It’s no wonder the prices have soared in the past and will continue to rise once again. In this post, we will cover the best bitcoin API available for developers like yourself.
Bitcoin API Systems
As a beginner, you can start with the original Bitcoin API system. Using the API, developers can create simple and complex apps related to payment. If you would like to develop the simplest payment system, this API allows you to accept money right from your server. The Bitcoin app setup is simple and easy to do. Simply, users just send a bitcoin through a link or QR code. Your application can do the rest by following the Bitcoin API documentation.
Bitcoin Wallet APIs
After accepting payments, Bitcoin APIs can be used to create wallets. There are specific cryptocurrency platforms that offer digital wallet APIs for developers. Integrating with these API systems, you can manage Bitcoin, Litevcoin and Ethereum currencies from one place. If you would like, you can even develop a wallet that can be stored on removable media. Moreover, you will have much more control to connect the wallet with other applications because of the integration. These digital wallet APIs allow you to store these digital currencies securely with your own servers or applications.
Blockchain Development APIs
Next, you can find blockchain development APIs that operate over RESTful JSON API. These platforms use their own code samples with cURL requests to exchange data over an HTTP or HTTPS connection. Moreover, developers do not have to worry about scale or implementation limitations. Considering the development flexibility, there is plenty of opportunity to create your own applications and programs with these integrations. Surely, if you would like to get into blockchain development, this would be the best Bitcoin API for you.
Bitcoin Price Index APIs
On the analysis side, the best bitcoin APIs offer price index information. Meaning, you can sign up for an exchange’s API and server relevant Bitcoin Price Index (BPI) information in live time. Typically, these Bitcoin API requests are made over HTTP in JSON format. As long as you limit the rate of requests, you can retrieve pricing details on various currencies like USD, EUR and GBP. However, you may be required to give attribution for the source of the Bitcoin price calculations. As long as you follow the rules for Bitcoin price APIs, you can deliver real-time results to your users.
Bitcoin Trading APIs
As we continue to move forward with cryptocurrencies, there are many Bitcoin trading APIs. They are built to work with applications that use Node.JS, Python, PHP and cURL. Using these APIs, you can connect to various Bitcoin exchanges for trading purposes. Following the documentation, developers can setup trading algorithms for data feeds and automated transactions. If you are looking to get into high frequency bitcoin trading or indepth Bitcoin data analysis, this could be the best API for your use.
As we have covered, there are many types of Bitcoin APIs. These integrations allow developers to create new oracle applications and custom development programs for how Bitcoin is used. You can process and accept payments, host your own digital wallet or test blockchain development. Furthermore, you can tap into live time data and start trading Bitcoin through an API. Depending on your interests there are multiple best Bitcoin APIs that you can integrate with to make your project a success.