Seeking Free Crypto APIs for Historical Price Data | Users Face Challenges
Edited By
Raj Patel
A wave of frustration is hitting the crypto community as individuals share their struggles in finding free APIs that provide historical price data. With many popular options offering limited access or requiring costly subscriptions, people are searching for workable solutions for their investment tools.
Context of the Search
Crypto investors often rely on historical data for backtesting strategies. A notable user has shared their dependency on yfinance, pointing out that certain tickers, like PEPE-USDT, aren't compatible. Others are turning to websites like CoinMarketCap and CoinGecko, only to find their offerings lack historic data unless users pay up.
Key Insights from the Community
DIY Scraping Tools: One contributor mentioned creating a .NET scraper to gather data from CoinMarketCap. This involved intensive manual work, including parsing CSV files to feed a database for an analysis app.
Rate Limit Issues: Users report that while CoinGecko tracks historical prices, they impose rate limits, pushing people to either batch requests or opt for a paid tier.
Alternative Options: Some community members recommend exploring Coindesk’s free API, which claims to offer various useful data.
"I used CoinMarketCap daily historic BTC records and copied everything into Excel," shared a seasoned analyst, highlighting the labor-intensive approach many have to take.
Sentiment Analysis
The sentiment among commenters is mixed, with some expressing optimism about finding an easier solution, while others convey disappointment over the overwhelming amount of work needed.
Highlights of the Discussion:
🔍 Users are turning to homemade solutions while seeking better APIs.
🚧 Rate limits on free options lead to challenges.
📈 Coindesk may offer an alternative with less hassle.
Final Thoughts
As users confront limitations with major platforms, they continue to share their findings and tricks. The quest for reliable and free historical price data remains a hot topic in the crypto user boards, as investor demands evolve alongside emerging technologies.
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