Ethereum: Get Historical BTC-E Coins

Getting Historical Bitcoin (BTC) Prices on Ethereum (ETH)

As one of the largest altcoins, Bitcoin (BTC) is widely followed by traders and investors. When it comes to analyzing its performance against other cryptocurrencies, including Ethereum (ETH), understanding historical price data is key. However, most exchanges and APIs only provide access to current tick prices. In this article, we will explore the limitations of retrieving historical prices for BTC-E on ETH and discuss possible workarounds.

Limitations of the Current API

The official Bitcoin API documentation emphasizes that it only supports retrieving
current tick prices from the Bitcoin network. This is likely due to several reasons:

• Network Complexity: The Bitcoin network has a high degree of decentralization, which makes it challenging for exchanges to accurately retrieve historical data without compromising performance or introducing significant latency.

• Transaction Volume: The number of transactions per second (TPS) on the Bitcoin network can be significant, leading to increased latency and cost when retrieving historical prices.

• Data Pool: Exchanges typically aggregate data from multiple sources (e.g., exchanges, wallets) to provide a comprehensive view of market activity. However, this process involves significant computing resources, which may not be feasible for older prices.

Workarounds: Retrieving Older Ticks

While retrieving current tick prices may not be possible, there are alternative approaches that allow you to access historical data:

• API Integrations

  : Exchanges often provide APIs that allow developers to integrate with their platforms and retrieve historical data using third-party libraries or tools. For example:

• Binance provides a GET /api/v3/ticker/price endpoint for Ethereum.

• Coinbase Pro offers a GET /api/v4/eth/lastTx method that retrieves the last transaction made on the Ethereum network.

• Price Index Services: Some organizations specialize in providing historical price data for various cryptocurrencies, including BTC-E and ETH. These services often charge a subscription or use a one-time payment model:

• CryptoCompare’s Historical Price API offers access to Bitcoin and Ethereum prices from a variety of sources, including exchanges and market makers.

• CryptoSlate’s Price Index provides historical Ethereum price data, sourced from multiple providers.

• Custom Scripts: For more advanced users, you can develop custom scripts using programming languages ​​ such as Python or JavaScript. These scripts can retrieve historical price data from APIs or archives:

• Use libraries like requests to make HTTP requests to the Bitcoin mainnet or other exchanges’ APIs.

• Use libraries like pandas to manipulate and analyze data.

Conclusion

While retrieving current tick prices may not be feasible, alternative approaches are available. By exploring API integrations, price index services, and custom scripts, you can access historical price data for Bitcoin (BTC) on Ethereum (ETH). Always review the terms and conditions of each service to understand their terms of use and pricing structure.

Additional Resources

• Binance: GET /api/v3/ticker/price

• Coinbase Pro: GET /api/v4/eth/lastTx

• CryptoCompare’s Historical Price API

• CryptoSlate’s Price Index