APIs are a way many companies utilize to provide information, data, and other resources to other companies or people in general. Users can interact with this service through endpoints by altering the website URL and requesting information. To use APIs, usually, API keys are needed as a way of controlling the access to that site and avoiding security issues.
It may be possible that many platforms don’t release their APIs keys, but understanding the importance of what API can bring to the host, many platforms are now releasing their API keys, so everyone can benefit from it.
Today, in order to provide users with the opportunity to gather information from Klever Exchange, the team has released its API.
As this is more technical in detail, a user can take the help of the developer or the programmer to enable API service.
Before going into details about how an API service can help users, let’s understand what an API key is.
What is an API key?
API stands for Application Programming Interface (API) which is a software intermediary that allows two software applications to communicate with each other. To communicate with the service you usually need a key, without which the API will not work.
Let me explain this with an example. If a user wants to renew their driving license, he/she visits the transport department website, fills in the details, makes the payment, and submits it. Then the transport department processes the documents, if required, gives in an appointment or renews the license.
The process of submitting the documents, making the payment and the transport official checking the documents, and informing the users by when they will get the renewed license is only possible because the transport department website is connected with a payment gateway and scanning, verifying and mailing services, these all software run independently, but are connected through APIs.
But, if the user doesn’t have a photograph and documents to fill out online, the process of renewal cannot take place, this can be seen as a key is missing.
Without API service, it is very difficult to pull data from third-party platforms and if anyone does it, they can face legal action from the platform, whose data has been pulled by unfair means.
Always building new services
To make life easier for exchange users, Klever Exchange has been continuously working on solutions that make trading simple and quick.
Klever API allows daily traders to pull data that he/she needs to trade on a crypto exchange.
There are many crypto exchanges that are offering free API service, but Klever offers rewards to users using their API service, making it a game-changer in the API service providing service.
Let’s check some main features in Klever API, namely Account (private), Market (public), Order (private), and Limit Order with the use of API keys.
Account user (private): The Klever API can be used by a private trader who requires access to some data related to total balance, currently available balance, and how much is being held.
Market (public): This involves the collection of data to help users analyze how the market trends are moving and use such data for market purposes. It provides information about bids and asks prices, tickers data, transaction volumes, and so on.
Order (private): Users can place two types of orders: limit and market. The API service allows users to receive data from those orders and their current state of confirmation, be they limit, market, or cancel orders.
To know more about how to use the API, head to this documentation website.
Klever exchange is a complete crypto trading marketplace, where active traders take advantage of its high security, liquidity, and right crypto trading pairs. The best trading experience now provides a platform for both developers and everyone else who wants to acquire real-time valuable data.