WebSocket API Binance Python Tutorial: REAL-TIME Bitcoin price in Python 🔴

Published: 26 March 2021
on channel: Financial Programming with Ritvik, CFA

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WebSocket Tutorial: Bitcoin day Trading BOT Step1: How to extract real-time Bitcoin price in Python using Binance WebSocket API stream without making an account? Here’s the answer. This is Step1 to create your own bitcoin day trading BOT. Click “Show more” 👇 to learn more:

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Summary: In this video, I have talked about WebSocket API, i.e., its definition and how to install WebSocket-client in python (pip install WebSocket-client). Then I extracted real-time bitcoin prices from Binance API stream. Then, we made candlesticks from the real-time data. Lastly, we talked about my previous video on the Bitcoin day Trading bot and how I used WebSocket-client to make the Bitcoin Day trading bot.

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📺 I created a Bitcoin Trading BOT. See How I used Websocket API to make a bitcoin day trading bot:    • Build a Bitcoin Day Trading BOT in Py...

• The WebSocket API makes it possible to open a two-way interactive communication session between the user's browser and a server. With this API, you can send messages to a server and receive event-driven responses without having to poll the server for a reply.
• To install websocket-client, use "pip install websocket-client": https://pypi.org/project/websocket-cl...
• websocket-client documentation: https://websocket-client.readthedocs....
• We referred to Web Socket Streams for Binance to extract pricing data from Binance API.
The base endpoint is: wss://stream.binance.com:9443
Raw streams are accessed at /ws/(streamName)
https://github.com/binance/binance-sp...
• Kline/Candlestick Streams: Stream Name: (symbol)@kline_(interval)
• websocket.WebSocketApp is used to extract the real-time bitcoin data

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⌚ TimeStamps:
Introduction (0:00)
What is WebSocket API (1:38)
How to use WebSocket client in Python (1:55)
How to extract real-time BTC price in Python using Binance API WebSocket stream (3:19)
Gift to Subscribers (8:44)
Making candlesticks from the real-time bitcoin data (9:47)
How I used WebSocket binance API in Python to create a bitcoin day trading bot (12:46)
Outro (13:27)

I used Google Colab for this code. It is an amazing platform for beginners. #fpritvik #bitcoin_day_trading_bot

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