Cryptocurrency Q&A
What is the rate limit for Bitso?
What is the rate limit for Bitso?
MysticStorm
Tue Oct 01 2024
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7 answers
2181
I'm curious, could you elaborate on the rate limit for Bitso? Is it a fixed number of transactions per second, minute, or hour? And does it vary depending on the type of transaction or the user's account status? Understanding these details would be essential in managing transactions efficiently and ensuring compliance with Bitso's policies. Could you please provide more insight into the specifics of Bitso's rate limit?
7 answers
CryptoQueenBee
Thu Oct 03 2024
The specific limit for public API requests can vary from platform to platform, but one common example is 60 requests per minute (RPM). This limit is designed to prevent individual users or bots from overwhelming the system with excessive requests.
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CryptoBaron
Thu Oct 03 2024
On the other hand, private API requests, which require authentication, are typically subject to a higher limit. This is because private API requests are associated with specific user accounts, and the platform can track and manage the requests on a per-user basis.
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SamuraiCourageous
Thu Oct 03 2024
Cryptocurrency trading platforms often implement rate limits to manage the volume of API requests received from users and protect their systems from potential abuse. These limits can vary depending on the type of request and the user's authentication status.
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Margherita
Thu Oct 03 2024
The limit for private API requests is also typically expressed in RPM, but the number is higher than for public API requests. For example, a platform might allow 300 RPM for private API requests, which is five times the limit for public API requests.
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Eleonora
Thu Oct 03 2024
For public API requests, which do not require authentication, the limit is typically imposed by IP address. This means that all requests originating from the same IP address are counted towards the same limit.
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