What coding language is recommended for developing cryptocurrency trading bots?

3 answers

• Dec 16, 2021 · 3 years ago
  Python is often recommended as the coding language of choice for developing cryptocurrency trading bots. It has a wide range of libraries and frameworks specifically designed for cryptocurrency trading, such as ccxt and pyalgotrade. Python's simplicity and readability make it easy to learn and maintain, and its large community provides ample support and resources. However, Python may not be the most performant language for high-frequency trading strategies, as it is an interpreted language. For such cases, languages like C++ or Rust may be more suitable due to their lower-level nature and better performance.
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• Dec 16, 2021 · 3 years ago
  When it comes to developing cryptocurrency trading bots, JavaScript is another popular choice. With the rise of web-based trading platforms and APIs, JavaScript can be used to build both frontend interfaces and backend trading logic. Node.js, a JavaScript runtime, allows for asynchronous programming, making it well-suited for handling real-time data feeds and executing trades. Additionally, JavaScript's versatility and widespread adoption make it a valuable skill for developers in the cryptocurrency industry.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we recommend using Solidity for developing cryptocurrency trading bots on the Ethereum blockchain. Solidity is a statically-typed programming language specifically designed for writing smart contracts on Ethereum. It provides a secure and efficient environment for executing trades and interacting with decentralized exchanges. Solidity's integration with Ethereum's ecosystem and its support for Ethereum Virtual Machine (EVM) bytecode make it a powerful choice for developing trading bots within the Ethereum ecosystem.
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