Track realtime bitcoin rates in multiple currencies
This API also returns Display values for all the fields. If the opposite pair trades we invert it eg.: Compute the current trading info price, vol, open, high, low etc of the requested pair as a volume weighted average based on the markets requested. Get day average price. The values are based on hourly vwap data and the average can be calculated in different waysIt uses BTC conversion if data is not available because the coin is not trading in the specified currency.
If tryConversion is set to false it will give you the direct data. If no toTS is given it will automatically do the current day. Get the price of any cryptocurrency in any other currency that you need at a given timestamp. The price comes from the daily info - so it would be the price at the end of the day GMT based on the requested TS.
Tries to get direct trading pair data, if there is none or it is more than 30 days before the ts requested, it uses BTC conversion. Get data for a currency pair. It returns general block explorer information, aggregated data and individual data for each exchange available. This api is getting abused and will be moved to a min-api path in the near future. Please try not to use it. Get the general, subs used to connect to the streamer and to figure out what exchanges we have data for and what are the exact coin pairs of the coin and the aggregated prices for all pairs available.
AggregatedPrices Array[] yes Snapshot data about the coin volume, price, open, high, low close etc. If called with the id of a cryptopian you just get data from our website that is available to the public. UrlstringnoThe relative path without https: Get open, high, low, close, volumefrom and volumeto from the each minute historical data.
This data is only stored for 7 days, if you need more,use the hourly or daily path. It uses BTC conversion if data is not available because the coin is not trading in the specified currency. The values are based on Used to get all the mining equipment available on the website.
It returns an array of mining equipment objects. Get top pairs by volume for a currency always uses our aggregated data. The number of pairs you get is the minimum of the limit you set default 5 and the total number of pairs available. Get real-time market data updates by connecting to our web socket ' wss: We are using socket.
For more example code click here. Subscribe to market data by emitting 'SubAdd' including a list of items you want to get updates on.
After the first response, only updates will be sent. The MaskInt parameter maps the response to the properties. Use our utility functions to map the response, you can find the code here. Introduction The best API for getting free cryptocurrency live pricing data, OHLC historical data, volume data, tick data or block explorer data from multiple exchanges and blockchains.
Requests Most of the requests that are related to pricing data are public at the moment and generally available via GET functions. Sessions A session key is only valid for 30 days and it has a sliding window period, so each time you use it, it will get extended by 30 days. Note that the responses to all requests, both public and private, are sent as the response body. Data This section deals with all the requests for price data, social data and historical data.
Data Object yes Empty if there is no data to return or there is an error Data [Symbol]: Id int yes The internal id, this is used in other calls Data [Symbol]: ImageUrl string yes The logo image of the coin Data [Symbol]: CoinName string yes The name Data [Symbol]: FullName string yes A combination of the name and the symbol Data [Symbol]: Algorithm string yes The algorithm of the cryptocurrency Data [Symbol]: ProofType string yes The proof type of the cryptocurrency Data [Symbol]: Invalid Market ", "Data": For PST you would pass -8 for example.
URL Parameters Parameter Type Mandatory Description fsym string yes The symbol of the currency you want to get that for tsym string yes The symbol of the currency that data will be in. Return data Parameter Type Always returned Description Response string yes The type of the response Success or Error Message string yes The message for the response Type integer yes Integer representing the type of response.
Data object yes Empty if there is no data to return or there is an error Data: Algorithm string yes The algorithm of the from currency Data: BlockNumber integer yes The current block number delayed by 1 hour max Data: BlockReward integer yes The current block reward delayed by 1 hour max Data: AggregatedData object yes See success request example Data: What are you trying to do?
AggregatedPrices Array[] yes Snapshot data about the coin volume, price, open, high, low close etc Parameter Type Always returned Description Response string yes The type of the response Success or Error Message string yes The message for the response BaseImageUrl string yes The base url for all the images from the ImageUrl field BaseLinkUrl string yes The base url for all the links from the Url field Type int yes Integer representing the type of response.
General object yes The general data available for this coin Data: H1Text string yes The title used on our website a combination of the coin name and the symbol Data: ImageUrl string yes The relative path to the logo of the coin, prefix this value with the BaseImageUrl to get the absolute path Data: DangerTop string yes The text displayed in red on the website at the top, generally a big issue with the coin Data: WarningTop string yes The text displayed in yellow on the website at the top, generally an issue with the coin Data: InfoTop string yes The text displayed in green on the website at the top, generally an announcement or extra info that is important Data: Symbol string yes The symbol of the coin Data: Url string yes The relative path to the coin, prefix this value with the BaseLinkUrl to get the absolute path Data: Name string yes The name of the coin Data: Description string yes The description of the coin, this is returned as html Data: Features string yes The features of the coin, this is returned as html Data: Technology string yes The technology of the coin, this is returned as html Data: TotalCoinSupply int yes The maximum number of coins Data: StartDate string yes The day the first block was mined, so the day the coin actually came into existance Data: Twitter string yes The twitter address of the coin Data: TwitterWidgetId string yes The cryptocompare twitter widget id for this coin Data: Website string yes The coin official website Data: DifficultyAdjustment string yes The difficulty adjustment Data: BlockRewardReduction string yes The value by which the block reward is reduced when there is a block reward reduction Data: BlockNumber int yes The current block number delayed by 1 hour max Data: BlockTime int yes The estimated time it takes to mine a block Data: TotalCoinsMined int yes The current total coins mined delayed by 1 hour max Data: PreviousTotalCoinsMined int yes The total coins mined as of the previous block, this should be the value of the current block total coins mined - the block reward in most cases.
BlockReward int yes The current block reward delayed by 1 hour max Data: Subs Array[] yes An array of subscriptions used for the streamer and for figuring out what the coin pairs are Data: General object yes The general social info Data: CoinName string yes The name of the coin Data: Type string yes The type of the page: Webpagecoinp or Webpageexchangep Data: Points string yes The sum of all the individual points categories Data: CryptoCompare object yes The social data from our website Data: ImageUrl string yes The relative path without https: From a user perspective, Bitcoin is pretty much like cash for the Internet.
Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority.
The first Bitcoin specification and proof of concept was published in in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin. Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin.
The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software.
Just like current developers, Satoshi's influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper. Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use.
In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.
From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them.
This is how Bitcoin works for most users. Behind the scenes, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user's computer to verify the validity of each transaction.
The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service.
This is often called "mining". To learn more about Bitcoin, you can consult the dedicated page and the original paper. There are a growing number of businesses and individuals using Bitcoin. This includes brick-and-mortar businesses like restaurants, apartments, and law firms, as well as popular online services such as Namecheap, Overstock. While Bitcoin remains a relatively new phenomenon, it is growing fast. At the end of April , the total value of all existing bitcoins exceeded 20 billion US dollars, with millions of dollars worth of bitcoins exchanged daily.
While it may be possible to find individuals who wish to sell bitcoins in exchange for a credit card or PayPal payment, most exchanges do not allow funding via these payment methods.
This is due to cases where someone buys bitcoins with PayPal, and then reverses their half of the transaction. This is commonly referred to as a chargeback. Bitcoin payments are easier to make than debit or credit card purchases, and can be received without a merchant account.
Payments are made from a wallet application, either on your computer or smartphone, by entering the recipient's address, the payment amount, and pressing send.
To make it easier to enter a recipient's address, many wallets can obtain the address by scanning a QR code or touching two phones together with NFC technology. Much of the trust in Bitcoin comes from the fact that it requires no trust at all. Bitcoin is fully open-source and decentralized. This means that anyone has access to the entire source code at any time. Any developer in the world can therefore verify exactly how Bitcoin works. All transactions and bitcoins issued into existence can be transparently consulted in real-time by anyone.
All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking.
No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can be trusted. You should never expect to get rich with Bitcoin or any emerging technology. It is always important to be wary of anything that sounds too good to be true or disobeys basic economic rules. Bitcoin is a growing space of innovation and there are business opportunities that also include risks. There is no guarantee that Bitcoin will continue to grow even though it has developed at a very fast rate so far.
Investing time and resources on anything related to Bitcoin requires entrepreneurship. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods are competitive and there is no guarantee of profit.
It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project. Bitcoin is as virtual as the credit cards and online banking networks people use everyday. Bitcoin can be used to pay online and in physical stores just like any other form of money. Bitcoins can also be exchanged in physical form such as the Denarium coins , but paying with a mobile phone usually remains more convenient. Bitcoin balances are stored in a large distributed network, and they cannot be fraudulently altered by anybody.
In other words, Bitcoin users have exclusive control over their funds and bitcoins cannot vanish just because they are virtual. Bitcoin is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, Bitcoin is not anonymous and cannot offer the same level of privacy as cash.
The use of Bitcoin leaves extensive public records. Various mechanisms exist to protect users' privacy, and more are in development. However, there is still work to be done before these features are used correctly by most Bitcoin users. Some concerns have been raised that private transactions could be used for illegal purposes with Bitcoin. However, it is worth noting that Bitcoin will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems.
Bitcoin cannot be more anonymous than cash and it is not likely to prevent criminal investigations from being conducted. Additionally, Bitcoin is also designed to prevent a large range of financial crimes. When a user loses his wallet, it has the effect of removing money out of circulation. Lost bitcoins still remain in the block chain just like any other bitcoins.
However, lost bitcoins remain dormant forever because there is no way for anybody to find the private key s that would allow them to be spent again. Because of the law of supply and demand, when fewer bitcoins are available, the ones that are left will be in higher demand and increase in value to compensate. The Bitcoin network can already process a much higher number of transactions per second than it does today. It is, however, not entirely ready to scale to the level of major credit card networks.
Work is underway to lift current limitations, and future requirements are well known. Since inception, every aspect of the Bitcoin network has been in a continuous process of maturation, optimization, and specialization, and it should be expected to remain that way for some years to come.
As traffic grows, more Bitcoin users may use lightweight clients, and full network nodes may become a more specialized service. For more details, see the Scalability page on the Wiki. To the best of our knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions such as Argentina and Russia severely restrict or ban foreign currencies. Other jurisdictions such as Thailand may limit the licensing of certain entities such as Bitcoin exchanges.
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system.
Bitcoin is money, and money has always been used both for legal and illegal purposes. Cash, credit cards and current banking systems widely surpass Bitcoin in terms of their use to finance crime. Bitcoin can bring significant innovation in payment systems and the benefits of such innovation are often considered to be far beyond their potential drawbacks.
Bitcoin is designed to be a huge step forward in making money more secure and could also act as a significant protection against many forms of financial crime. For instance, bitcoins are completely impossible to counterfeit. Users are in full control of their payments and cannot receive unapproved charges such as with credit card fraud.
Bitcoin transactions are irreversible and immune to fraudulent chargebacks. Bitcoin allows money to be secured against theft and loss using very strong and useful mechanisms such as backups, encryption, and multiple signatures. Some concerns have been raised that Bitcoin could be more attractive to criminals because it can be used to make private and irreversible payments.
However, these features already exist with cash and wire transfer, which are widely used and well-established. The use of Bitcoin will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems, and Bitcoin is not likely to prevent criminal investigations from being conducted.
In general, it is common for important breakthroughs to be perceived as being controversial before their benefits are well understood. The Internet is a good example among many others to illustrate this.
The Bitcoin protocol itself cannot be modified without the cooperation of nearly all its users, who choose what software they use. Attempting to assign special rights to a local authority in the rules of the global Bitcoin network is not a practical possibility.
Any rich organization could choose to invest in mining hardware to control half of the computing power of the network and become able to block or reverse recent transactions.
However, there is no guarantee that they could retain this power since this requires to invest as much than all other miners in the world. It is however possible to regulate the use of Bitcoin in a similar way to any other instrument.
Just like the dollar, Bitcoin can be used for a wide variety of purposes, some of which can be considered legitimate or not as per each jurisdiction's laws. In this regard, Bitcoin is no different than any other tool or resource and can be subjected to different regulations in each country. Bitcoin use could also be made difficult by restrictive regulations, in which case it is hard to determine what percentage of users would keep using the technology.
A government that chooses to ban Bitcoin would prevent domestic businesses and markets from developing, shifting innovation to other countries. The challenge for regulators, as always, is to develop efficient solutions while not impairing the growth of new emerging markets and businesses.
Bitcoin is not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with Bitcoin.
Bitcoin is freeing people to transact on their own terms. Each user can send and receive payments in a similar way to cash but they can also take part in more complex contracts. Multiple signatures allow a transaction to be accepted by the network only if a certain number of a defined group of persons agree to sign the transaction. This allows innovative dispute mediation services to be developed in the future. Such services could allow a third party to approve or reject a transaction in case of disagreement between the other parties without having control on their money.
As opposed to cash and other payment methods, Bitcoin always leaves a public proof that a transaction did take place, which can potentially be used in a recourse against businesses with fraudulent practices.
It is also worth noting that while merchants usually depend on their public reputation to remain in business and pay their employees, they don't have access to the same level of information when dealing with new consumers. The way Bitcoin works allows both individuals and businesses to be protected against fraudulent chargebacks while giving the choice to the consumer to ask for more protection when they are not willing to trust a particular merchant. New bitcoins are generated by a competitive and decentralized process called "mining".
This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange. The Bitcoin protocol is designed in such a way that new bitcoins are created at a fixed rate.
This makes Bitcoin mining a very competitive business. When more miners join the network, it becomes increasingly difficult to make a profit and miners must seek efficiency to cut their operating costs. No central authority or developer has any power to control or manipulate the system to increase their profits.
Every Bitcoin node in the world will reject anything that does not comply with the rules it expects the system to follow. Bitcoins are created at a decreasing and predictable rate. The number of new bitcoins created each year is automatically halved over time until bitcoin issuance halts completely with a total of 21 million bitcoins in existence.
At this point, Bitcoin miners will probably be supported exclusively by numerous small transaction fees.
Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money durability, portability, fungibility, scarcity, divisibility, and recognizability based on the properties of mathematics rather than relying on physical properties like gold and silver or trust in central authorities like fiat currencies. In short, Bitcoin is backed by mathematics. With these attributes, all that is required for a form of money to hold value is trust and adoption. In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups.
As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment. The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls. There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable.
Because Bitcoin is still a relatively small market compared to what it could be, it doesn't take significant amounts of money to move the market price up or down, and thus the price of a bitcoin is still very volatile. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on.
As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.
A fast rise in price does not constitute a bubble. An artificial over-valuation that will lead to a sudden downward correction constitutes a bubble. Choices based on individual human action by hundreds of thousands of market participants is the cause for bitcoin's price to fluctuate as the market seeks price discovery.
Reasons for changes in sentiment may include a loss of confidence in Bitcoin, a large difference between value and price not based on the fundamentals of the Bitcoin economy, increased press coverage stimulating speculative demand, fear of uncertainty, and old-fashioned irrational exuberance and greed. A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money, or the money paid by subsequent investors, instead of from profit earned by the individuals running the business.
Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants.
Bitcoin is a free software project with no central authority. Consequently, no one is in a position to make fraudulent representations about investment returns. Like other major currencies such as gold, United States dollar, euro, yen, etc. This leads to volatility where owners of bitcoins can unpredictably make or lose money. Beyond speculation, Bitcoin is also a payment system with useful and competitive attributes that are being used by thousands of users and businesses.
Some early adopters have large numbers of bitcoins because they took risks and invested time and resources in an unproven technology that was hardly used by anyone and that was much harder to secure properly. Many early adopters spent large numbers of bitcoins quite a few times before they became valuable or bought only small amounts and didn't make huge gains.
There is no guarantee that the price of a bitcoin will increase or drop. This is very similar to investing in an early startup that can either gain value through its usefulness and popularity, or just never break through.
Bitcoin is still in its infancy, and it has been designed with a very long-term view; it is hard to imagine how it could be less biased towards early adopters, and today's users may or may not be the early adopters of tomorrow. Bitcoin is unique in that only 21 million bitcoins will ever be created.
However, this will never be a limitation because transactions can be denominated in smaller sub-units of a bitcoin, such as bits - there are 1,, bits in 1 bitcoin. Bitcoins can be divided up to 8 decimal places 0. The deflationary spiral theory says that if prices are expected to fall, people will move purchases into the future in order to benefit from the lower prices.