API
Interface allowing software to exchange data automatically.
Beginner-friendly explanation
An API is a "gateway" that lets two software programs talk to each other. It sends or receives information without using a website manually.
Example: Your weather app uses an API to receive today’s forecast without you searching manually.
Intermediate-level insight
In trading, APIs allow direct interaction with platforms to place orders, fetch price data, or view positions in real-time. They often use API keys (secret identifiers) for secured access.
Example: With a Binance API key, you can use a bot to automatically place buy or sell orders.
Advanced perspective
A well-designed API supports REST calls, real-time webhooks, rate limits, and provides detailed documentation. Advanced APIs enable multi-account management, high-frequency trading, and complex automation (multi-bots, backtesting, data streaming).
Example: A developer builds a multi-strategy system using the Binance Futures API to open, monitor, and close positions automatically across multiple accounts.
Tools & Automation
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