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Using Klever Exchange APIs and understanding their benefits

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exchange api

Using Klever Exchange APIs and understanding their benefits

Technology has completely changed the way we do things as humans, you simply do not need to reinvent the wheel to use the Klever exchange.

James Enajite by James Enajite
June 7, 2022
in Education, Exchange, Global, Opinions
Reading Time: 4 mins read
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Developers with low self-esteem remain restricted in their vision, resulting in solutions that are complicated and challenging to new users.

Almost the entire world has become a global village where people and solutions can integrate and interact with ease.

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This is more prominent in the blockchain technology and cryptocurrency space which has recently seen an increase in developers creating outstanding products to help solve major global challenges in smarter ways than ever.

What is an API?

As earlier mentioned, life doesn’t have to be too complicated to know the basic information that is needed to move on to the next phase of technology. So by simple introduction, The term “API” is an acronym, and it simply stands for “Application Programming Interface.”

To make this analogy as simple as possible, think of an API like a cake manufacturing company. The production line takes stock of all the raw materials in the form of flour, sugar, milk, and yeast and adds them together in a predetermined formula to produce the cake. 

When you as an individual specify what kind of cake you want, the company does the work and provides you with finished cakes. You don’t know exactly what the cake producers need to do to prepare the cake.

As long as you need the cake there is always the provision of the cake company to meet your needs. This is synonymous with the API for any technologically driven service provider that needs to integrate its services with other users. 

This simply means that users can have access to the interfaces of other projects by the use of shared keys to integrate them into their own platforms.

Can API make life easier for developers?

In all sense of honesty, this is the reason why I mentioned that “you don’t need to reinvent the wheel”. Most developers try as much as possible to be unique in their development but if it has been done then you don’t need to reinvent the wheel. Rather go ahead and use the specified feature for the development of the project and remain productive without limitations. 

Most developers become more creative by using an already existing API for the development of their applications and projects to help them overcome the burden of trying to develop every tool and button that is required for their platform or website to run efficiently.

What is the Klever Exchange?

The Klever ecosystem has remained resolute in the quest to maintain its developmental strides by creating solutions purposely to make the life of its users less complicated and user-friendly, thereby making life and trading simple.

The Klever exchange is a complete crypto trading marketplace for active traders to take advantage of its high security, liquidity, and right crypto trading pairs to achieve their financial goals using a quality order book and throughput the get the best out of their trading experience.

How can the API keys benefit a trader on Klever Exchange?

The Klever Exchange outlines the exchange’s functionality in Three sections: Account (private), Market (public), and Order (private) with the use of API keys. Therefore a user can approach the Klever Exchange in either of the following ways:

  • Private Account user: The Klever API keys can be used by a private trader who requires access to some data that is needed for the users trading analysis like the current price of assets listed on the Klever exchange and so on
  • Market (Public): This involves the use of other market platforms that require data feedback from the Klever Exchange to help them analyze how the market trends are moving and use such data for market purposes.
  • Order (Private): This involves the use of data from the order book for strategic analysis of the exchange to generate key decisions by the individual like the onchain analysis and transaction flows within the Exchange.

The Klever API also provides a high-level layer of security for the users as this would protect them from potential intruders to their platforms. 

The future of cooperation between various platforms and Klever exchange has been made so simple with the introduction of the Klever API which removes any form of ambiguity in a seamless connection to the Klever Exchange is a Klever way.

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James Enajite

James Enajite

A passionate lover of crypto and mankind with an active mind to create content to educate everyone within my sphere of influence. An entrepreneur with an open heart to accommodate young aspiring individuals to achieve their best in a global space.

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Rollout Phases of Klever Blockchain Features

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