how bitmex node works

Using BitMEX Node, execute commands against BitMEX's API through terminal execution, installing it with npm, setting up API credentials, and creating a BitMEX client object.

Oct 27, 2024 at 09:16 am

How BitMEX Node Works

BitMEX Node is a powerful API that allows you to interact with the BitMEX trading platform programmatically. It is a Node.js library that provides a comprehensive set of functions for managing your account, placing orders, and getting market data.

Step 1: Install BitMEX Node

To install BitMEX Node, run the following command in your terminal:

npm install bitmex-node

Step 2: Create a BitMEX API Key

To use BitMEX Node, you will need to create an API key on the BitMEX website. Once you have created an API key, you will need to set the following environment variables:

• BITMEX_API_KEY: Your API key
• BITMEX_API_SECRET: Your API secret

Step 3: Create a BitMEX Client

To create a BitMEX client, use the following code:

const bitmex = require('bitmex-node');

const client = new bitmex({
  apiKey: process.env.BITMEX_API_KEY,
  apiSecret: process.env.BITMEX_API_SECRET
});

Step 4: Use the BitMEX API

Once you have created a BitMEX client, you can use it to interact with the BitMEX API. The BitMEX Node library provides a comprehensive set of functions for managing your account, placing orders, and getting market data.

For example, to get the current ticker data for the XBTUSD contract, you can use the following code:

client.ticker('XBTUSD', (error, data) => {
  if (error) {
    console.error(error);
  } else {
    console.log(data);
  }
});

Step 5: Close the BitMEX Client

When you are finished using the BitMEX Node library, you should close the client to release resources. To close the client, use the following code:

client.close();