LATOKEN API

Alexander Ivanov established LATOKEN as a cryptocurrency exchange in 2017. Headquartered in Tallinn, Estonia, this company has swiftly become a favored option for cryptocurrency traders globally. The exchange is famous for its affordability, swift transaction processing, and diverse selection of tradable assets.

APIs play a significant role in the platform’s key features. The exchange can be integrated with developers’ own software using APIs. Accessing real-time market data and automatically executing trades is made possible for them. High-frequency traders who require split-second decisions based on current market information can find this particularly beneficial.

Using LATOKEN, developers have access to multiple APIs. These include:

The Trading API facilitates automated trades for developers on the exchange. A broad spectrum of order types is facilitated, comprising limit orders, market orders, and stop orders. Users can trade multiple cryptocurrencies and fiat currencies with it.

For different cryptocurrencies, this API delivers real-time market data. It encompasses data on prices, order book and trading volumes. This data can be utilized by developers to create their own trading algorithms. They could utilize their own websites or applications to showcase current market information.

Programmatic interaction with the wallet is allowed for developers by using this API. Wallet creation and management, address generation, as well as sending and receiving cryptocurrency are all enabled by this.

In terms of security, the company is extremely focused and has implemented several measures to safeguard its users’ assets. These include:

Either Google Authenticator or SMS verification can serves as a method by which users create two-factor authentication (2FA). It helps to prevent unauthorized access by adding an extra layer of security to user accounts.

Cold storage is used to keep most of its users’ assets safe. Connecting to the internet increases the risk of being hacked, which is why this device is safe from hacking attempts.

The communications between the users’ browsers and the website are encrypted by using SSL (Secure Sockets Layer) encryption. Eavesdropping and tampering prevention is facilitated by this.

Despite implementing measures, security incidents have affected the company in the past. Over 1.2 million users’ personal information was exposed in a data breach in March 2020 by the exchange. An attacker managed to access user data due to a vulnerability in the database that caused the breach. LA Token has implemented more security measures to avoid future occurrences of comparable incidents.