Vezgo API; The CCXT Alternative: The Best Crypto Exchange API

CCXT is a library to connect to crypto exchanges for trading and data aggregation. Vezgo, the CCXT alternative, is a turnkey crypto API to connect to all the main CEXes & networks.

As blockchain technology grows, so have the ways and resources for traders and analysts to impact the cryptocurrency market. 

While different kinds of crypto tools are available today, crypto exchange APIs work by collating data from various exchanges. The aggregated information is then displayed on a single interface, where you can view and interpret it to make relevant trading and portfolio decisions. 

Today, we’ll review two such tools, CCXT and Vezgo– both crypto exchange APIs.

CCXT and Vezgo are some of the biggest names on the market today. Let’s examine their main features and pit these two exciting crypto tools against each other. 

Who knows, perhaps we’ll have a winner at the end of this review! 

CCXT: The multiple-exchange crypto API

CCXT is one of the most popular crypto tools on the market today, with several great features to entice traders and analysts. 

As a PHP/Python/JavaScript library, its code facilitates eCommerce and cryptocurrency trading for merchant APIs, Bitcoin, and several altcoins. It helps developers, traders and analysts integrate various crypto exchanges and third-party fintech companies globally. 

Additionally, it provides easy access and accurate trading functions that suit anyone developing a trading strategy, automation, and algorithms. 

CCXT stands for Cryptocurrency Exchange Trading Library. Founded in 2016, the platform has since evolved to be a powerful tool supporting unified private and public WebSockets.

Main features

As a crypto exchange API, you’d expect CCXT to do well in this regard. And, to a large extent, it performs this function very well.

The API boasts low latencies, reduced traffic, high speed, and less bandwidth requirements than many other tools.

The code itself is available in three languages- PHP, Python, and JavaScript, while it works with several web browsers and Node.

The software prioritizes timely updates and maintenance, with its responsive technical team providing users and developers with helpful tips to go along with the comprehensive documentation. 

With its public and private API (CCXT Pro), users can perform the following functions:

• Trade crypto
• Search for crypto symbols
• Manage crypto wallets
• Get old and new crypto exchange rates
• And so many more.

Functionality

The CCXT crypto exchange API is an open-source library that provides users easy access to complex, algorithmic trading capabilities. It also supports backtesting data with integrations with a whopping 120 trading APIs and exchange platforms.

Rate Limit

Developers sending API requests have a rate limit of 60 requests per minute. The rate limit is capped at 30 requests per minute for users who aren’t logged in. 

Installation

The CCXT library can be installed with a packet manager in the following languages: 

• Node/JavaScript
• Python
• PHP

You can also download the code from the GitHub repository. As it’s open-source, any skilled developer can work with the code to build fintech apps to access popular cryptos like Bitcoin and Ethereum. 

After installing it, you can go ahead to trade and connect with crypto exchanges worldwide, gathering crucial data for more technical and skilled market maneuvers.  

Vezgo Crypto API – The industry standard

Vezgo is a read-only and SOC 2 Type 2 certified crypto exchange API developed by the investment portfolio tracker company Wealthica. It is the best CCXT alternatives for developers looking for read-only data.

Although it only launched recently in September 2021, it has since grown in leaps and bounds to be the top financial data APIs.

Few APIs provide easy connection procedures to crypto accounts than Vezgo. With integrations with wallets, accounts, and crypto exchanges, Vezgo’s versatility comes to the fore.

Vezgo prides itself on being a leader in the web transformation drive from Web2 to Web3 and providing unique solutions to onboard users into blockchain ecosystems. As a result, its API is a customer-centric product that’s aimed at providing seamless trading integration solutions to developers.

With consistent support for new protocols, wallets, and exchange brokers, Vezgo API users are guaranteed the latest updates and technology.

Today, Vezgo, the CCXT alternative, provides integrations with over a hundred Web 3.0 platforms and crypto exchanges. 

Main Features

Vezgo is a tried and trusted tool to retrieve vital data about users’ cryptocurrency accounts, both from exchanges and wallets. Vezgo offers a clear documentation and does a daily sync of all connected account on on top to storing all information so you don’t have to.

Vezgo is built to be scalable. You can connect thousand of accounts, manage users and your team from the client portal.

It’s a handy tool for developers, analysts, and enthusiasts who want to have all-around crypto integrations on a single platform, rather than manual, individual integrations with multiple protocols, exchanges, and wallets

With such impressive ease-of-use embedded into the service, developers can spend less time coding technical functionalities and focus on developing their products for intended users.

Integrations

Vezgo offers a single API for all integrations and endpoints. Its functionality goes beyond comprehensive integrations with:

• 40 Centralized Exchanges;
• 20 Blockchains;
• 250 Wallets;
• NFT assets on EVM based chains.

Regarding data aggregation, you can count on accessing relevant data on your transactions, trading positions, and overall crypto portfolio. 

The API integration lead times are optimized by nearly 100%, guaranteeing quick and easy queries and endpoint requests. 

Security

Regarding security, Vezgo employs military-grade AES-256 encryption protocols to secure its cloud infrastructure. Vezgo is SOC 2 type 2 compliant. Learn more on our security page.

Users needn’t worry about the service accessing, let alone compromising their private crypto keys.

CCXT and Vezgo- A Critical Comparison 

CCXT is a fantastic tool that packs several functions, making it an excellent crypto exchange API, especially for trading purpose. For researchers, it’s a dream come true. However, it does have a number of demerits compared to Vezgo.

For starters, Vezgo is quite easy-to-use. Its documentation is far more comprehensive than its competition. Despite CCXT’s advanced features, mastery of the platform is more complex and take longer than Vezgo’s. 

CCTX is very great for traders. Developers and traders who use CCXT’s APIs for trading purposes will be making the most use of the software’s functionalities. On the other hand, Vezgo is a lot more suited for portfolio trackers, financial dashboards, and wealth management apps. 

CCXT is a powerful tool, as it packs several functions. However, Vezgo positions itself as a solid CCXT alternative and slightly edges it out regarding data distribution and storage, user management, backtesting, and scalability. 

Verdict: CCXT Vs. Vezgo

CCXT is a fantastic tool for any developer. It boasts integrations with over a hundred crypto exchanges and APIs to its credit. It’s available in three popular programming languages and is regularly maintained by a dedicated technical team. 

However, anyone new to crypto exchange APIs might find Vezgo the more appealing choice due to its ease of use and near-unrivaled data accessing features.