Bookmap For Crypto FAQ
What Cryptocurrency exchanges can Bookmap connect to?
Bookmap connects to over 20 digital asset exchanges, including Coinbase, Binance, Kraken, and others. To view the full list of adapters, go to the Bookmap Knowledge Base.
Do I need to have a Crypto exchange account?
For viewing and analyzing market data or trading in simulation mode, you don’t need a crypto exchange account. However, for making live trades in the market, you need to have an active account with the relevant exchange on which you want to trade.
Does Bookmap have an API?
Yes. Here are some examples of Bookmap API use cases:
Manage your orders
Access unfiltered, unaggregated full market depth data
Implement Automated trading strategies
Develop custom indicators for the Bookmap chart and indicator panel
Record and export market data and orders in any desired format
Develop connectivity to other exchanges or data vendors, and much more
Go to the API page to learn more.
Can I trade in simulation mode?
Yes, you can. Select the 2nd option on the launching pad when starting Bookmap and practice trading using the built-in simulator.
Can I trade in a demo or paper trading environment offered by exchanges or data vendors?
Yes, you can. To trade in a risk-free, simulated environment, you need to configure the connection by selecting the “demo” checkbox wherever applicable. You can configure multiple connections to the same exchange with different names (e.g., BitMEX Data, BitMEX Demo, BitMEX Real) and choose which to connect to. Use the 3rd option in the launching pad for Demo and Real.
What cryptocurrencies can I subscribe to with Bookmap?
You can subscribe to all pairs/instruments supported by the exchange of your choice.
Is there a limit to the number of cryptocurrencies that can be displayed at the same time?
The free Bookmap Digital package allows the viewing of only one trading pair at a time.
With Bookmap Digital Plus, you can analyze up to 20 trading pairs simultaneously.
Can I record market data with Bookmap?
Yes, you can record both market data and your orders with the Bookmap Digital Plus package or above.
What is the minimum price increment (aka tick or pip) displayed by Bookmap?
If you specify a larger tick (lower price granularity), Bookmap will consolidate multiple price levels into one accordingly. You can also configure the maximum granularity of the displayed sizes.
What does Tick size (or pip) mean? How can I modify it?
The tick size (sometimes called a pip) defines the maximum price granularity. In digital currencies, a tick can be very small. For instance, a single tick in Bitcoin is one satoshi which is just 0.00000001 (one hundred millionth) BTC. Typically, exchanges set lower price granularity by using larger ticks/pips. Bookmap allows a trader to specify even larger tick sizes, consolidating multiple price levels into one. A recommended value is 0.01-0.1% of the current price. For instance, if the price of BTC_USD is $10,000, choose a tick size between 1 and 10.
What is size granularity?
Size granularity allows the user to set a maximum number of decimal digits displaying the size of liquidity and trades in the order book.
Can Bookmap consolidate market data of the same instrument from different exchanges?
Yes, with the Bookmap Digital Plus package, you get access to Multibook. This add-on allows 2-5 instruments to be combined into a single synthetic instrument which will visualize the order book and trade data of multiple exchanges on a consolidated chart. See the Multibook Guide to learn more.
I got disconnected. What does it mean, and what can I do about it?
Bookmap will attempt to reconnect each time you get disconnected. If this happens frequently, check your internet connection. If you have a slow internet connection or a poor WiFi signal, it’s recommended that you connect your computer to the router directly, via an ethernet cable. If your internet is fast and stable, disconnections may be caused by temporary problems originating on the exchange itself, which can last multiple minutes or even hours. If this is not the case, please report the problem to Bookmap Support.