Ethereum: Bitfinex API Limit

Ethereum: Bitfinex API Limit Explained

As a popular cryptocurrency exchange, Bitfinex allows users to use its APIs for a variety of purposes, such as automating trading strategies or integrating with other applications. However, the platform appears to have recently imposed an API limit of 60 requests per minute on its Ethereum (ETH) API endpoint.

Why is there an API limit?

The reason for this API limitation could be due to a variety of factors, but for now we will explore a few possibilities.

• Single IP Address: The most likely explanation is that the API limit limits all requests from the same IP address originating from a single account. This is done to prevent abuse and ensure that each user’s requests are processed efficiently.

• Usage Rate: Although not explicitly stated, it is possible that the API limit is intended to prevent excessive usage, especially when users have made an unusually large number of requests in a short period of time.

Can multiple IPs be associated with one account?

Unfortunately, for now the answer is no. The current API limit is set per IP address, not per user account. If you try to link multiple accounts from the same IP address, you will need to create separate Bitfinex accounts or use a proxy service that allows you to receive requests from different IP addresses at the same time.

How ​​can I get around this limitation?

To get the most out of the Ethereum API, consider the following alternatives:

• Using multiple accounts – Create separate accounts for different users and use them separately.

• Proxy services – Use third-party services that allow you to make multiple requests simultaneously from a single IP address. Some popular options include Proxy.io, VPN providers with proxy servers, or even cloud-based APIs like Cloudflare’s API Gateway.

• API call grouping

  – Make as many API calls per session as possible to reduce the total number of requests.

While this restriction may be frustrating for some users, it is worth noting that Bitfinex may have implemented these measures to maintain network stability and prevent abuse. By understanding what is causing the API throttling, you can take steps to fix it or find workarounds to optimize your use of the Ethereum API.

Ethereum Object Attribute Columns