Are you wondering which is the most reliable Open Exchange Rates alternative? Well, the answer seems to be difficult to find out. But we have found the answer! We have found the best alternative to Open Exchange Rates API. This API will surprise you.
An exchange is a virtual legal tender trading platform that allows clients (traders) to carry out purchase/sale operations of products and/or exchange one type of product for another. In this sense, exchanges can be compared to exchanges that work with fiat money in the real world. Through the exchanges, it seeks to facilitate the financial movements that customers need to make with their financial assets. To facilitate the use of exchanges, most of them implement applications with interfaces that are easy to handle intuitively.
Data on more than 100 legal tenders from around the world are available through the Open Exchange Rates API, a historical international legal tender quote service. To guarantee the accuracy, data is tracked and algorithmically combined from numerous reliable sources. It is a widely known and utilized system. However, there are a number of drawbacks to this method that are still present today. As a result, many customers are compelled to search for better alternatives to Open Exchange Rates.
For this reason, we have carried out an investigation among several APIs available on the internet. After analyzing all the possibilities, we found one that seemed the best of all. Its name is Metals-API and it is a platform in charge of offering metal prices and carrying out conversions between different legal tenders. We believe that it is the best alternative to Open Exchange Rates.
Metals-API is the most reliable alternative to Open Exchange Rates
In order to choose Metals-API as the best alternative to Open Exchange Rates, we did was analyzed several factors. First, we discover that this system is supported by 16 sources of information. And in addition, these sources of information are of the highest quality, which ensures that this option is “very reliable”. Even, though we corroborate their clients, having many clients is synonymous with prestige. Currently, Metals-API has more than 200,000 satisfied customers and this number will be higher in a few months. Some of their clients are well-known companies like Barrick, Chainlink, Glencore, etc.
Using this system is also not difficult. First, access the Metals-API webpage. Then, register with your data and confirm your account in the mailbox. Check your spam box and you don’t see the email. Then select a plan (don’t worry, there are several options available). When you have the API Key, you must choose the symbol of the metal or the legal tender that you want. Once you’re done, immediately make the API call. In any case, you will always have the possibility of contacting someone to help you with anything. Metals-API is very attentive to its clients.
Also, we found the wide variety of prices interesting. This is a good option, since not all users have similar budgets. Therefore, there are plans with very different prices. Analyze each option and choose the best one for you. One last detail, the prices are in dollars and are annual, but the API call limits are monthly.
Also published on Medium.