Simplified API Trading Guide with CoinSwitch PRO: A Step-by-Step Tutorial

Introduction to API Trading

API (Application Programming Interface) trading automates the trading process by connecting your strategies directly to exchange platforms. While powerful, it often requires basic programming knowledge, which can be intimidating for beginners. This guide simplifies API trading using CoinSwitch PRO, making automated trading accessible to everyone.

Getting Started: Prerequisites

Before diving in, ensure you have:

A CoinSwitch PRO account (Sign up here)
Accessed the API Trading section
Reviewed the API Documentation

👉 Start your API trading journey today

Step 1: Generate Your API Keys

Navigate to the API Trading page.
Click "Generate My Key".
Verify your identity via OTP sent to your registered mobile number.
Securely note your:
- API Key (visible on-screen)
- Secret Key (hidden after page refresh; never share this)

PRO Tip: If your keys are compromised, immediately deactivate them and generate new ones.

Step 2: Set Up Your Trading Environment

CoinSwitch PRO supports Python and Java. Choose your preferred language:

Python Setup (PyCharm/VSCode)

PyCharm Method

Install PyCharm from JetBrains.
Create a new project and Python file.

Install dependencies:

pip install cryptography==40.0.2 requests==2.27.1 python-socketio==5.5.1 websocket-client==1.2.3

Paste your trading script and run it.

VSCode Method

Download VSCode.
Install the Python extension.

Set up a virtual environment:

python3 -m venv venv
source venv/bin/activate

Java Setup (IntelliJ + Gradle)

Install IntelliJ IDEA and Gradle.
Open the Gradle project in IntelliJ.

Configure dependencies in build.gradle:

dependencies {
    implementation 'org.apache.commons:commons-lang3:3.12.0'
}

Run the project to validate setup.

Step 3: Execute Your First Trade

Key Concepts:

Endpoints: URLs where your API interacts with CoinSwitch (e.g., https://coinswitch.co).
Authentication: Verify keys using:
```
print(api_trading_client.validate_keys())  # Python
```
Expected response: {"message":"Valid Access"} (Code 200).

Place a Test Order (Python Example)

payload = {
    "side": "sell",
    "symbol": "BTC/INR",
    "type": "limit",
    "price": 2300000,
    "quantity": 0.00005,
    "exchange": "coinswitchx"
}
print(api_trading_client.create_order(payload=payload))

Response Codes:

200: Order executed (check status field for details like "EXECUTED").
400/422: Errors (e.g., insufficient funds or invalid price).

Advanced: Trading Endpoints

Endpoint	Description	Parameters Required
Create Order	Place buy/sell orders	`side`, `symbol`, `price`, etc.
Cancel Order	Revoke pending orders	`order_id`
Portfolio	View your holdings	None

👉 Explore more API endpoints

FAQ Section

1. Is API trading free on CoinSwitch PRO?

Yes, API trades are commission-free for the first 30 days.

2. What if my Secret Key is lost?

Delete the existing key via the API Trading page and generate a new one.

3. Which programming languages are supported?

Python and Java are fully supported with detailed documentation.

4. How do I troubleshoot failed orders?

Check the error code:

401: Invalid keys (reauthenticate).
422: Invalid input (e.g., non-numeric price).

5. Can I trade on multiple exchanges via API?

Yes! Specify the exchange (e.g., "coinswitchx") in your order payload.

Conclusion

API trading with CoinSwitch PRO streamlines your strategy execution while minimizing manual effort. By following this guide, you’ve:

Generated secure API keys.
Set up a Python/Java environment.
Placed and managed orders programmatically.

Ready to automate your trades? Dive deeper with the official API documentation and experiment with different endpoints. Happy trading!