How can I use the websocket python client to track cryptocurrency price changes in real-time?

1 answers

• Sneha TandonMar 09, 2023 · 2 years ago
  Sure thing! Here's a step-by-step guide on how to use the websocket python client to track cryptocurrency price changes in real-time: 1. First, make sure you have the websocket library installed in your python environment. You can install it by running 'pip install websocket' in your terminal. 2. Next, import the necessary modules in your python script. You'll need the 'websocket' and 'json' modules to work with the websocket API and handle the incoming data. 3. Connect to the websocket API of the cryptocurrency exchange you want to track. Each exchange has its own websocket API endpoint, so make sure to check the documentation or API reference for the specific exchange you're interested in. 4. Once connected, you'll need to subscribe to the desired cryptocurrency pairs or markets. This is usually done by sending a subscription message to the websocket API with the appropriate parameters. 5. As the websocket API receives updates on the price changes of the subscribed pairs or markets, it will send you real-time data. You'll need to handle and process this data to extract the relevant information, such as the current price. 6. Depending on your project requirements, you can choose to display the real-time price changes on a live dashboard, store them in a database for further analysis, or perform any other actions based on the data. That's it! With these steps, you'll be able to track cryptocurrency price changes in real-time using the websocket python client. Happy coding!
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