Bookmap For Crypto FAQ
What Cryptocurrency exchanges can Bookmap connect to?
Bookmap connects to over 20 crypto exchanges, including Coinbase, Binance, Kraken, and others. See this page. for more details.
Do I need to have a Crypto exchange account?
For just viewing market data or simulated trading, no account is needed. But for live trades, an active exchange account is required.
Does Bookmap have an API?
Yes. Bookmap's API allows you to manage orders, access full market depth data, automate trading, create custom indicators, record/export data, and more. Visit the API page for details.
Can I trade in simulation mode?
Absolutely. When launching Bookmap, choose the 2nd option and use the integrated simulator to practice trading.
Can I trade in a demo or paper trading environment offered by exchanges or data vendors?
Certainly. To use a simulated environment, select the "demo" checkbox when setting up. You can have multiple connections (e.g., BitMEX Data, BitMEX Demo, BitMEX Real) and choose accordingly. Use the 3rd option for Demo and Real in the launching pad.
What cryptocurrencies can I subscribe to with Bookmap?
You can subscribe to any pair/instrument that your chosen exchange supports.
Is there a limit to the number of cryptocurrencies displayed simultaneously?
The free Bookmap Digital package displays one trading pair at once. With Bookmap Digital Plus, you can view up to 20 pairs simultaneously.
Can I record market data with Bookmap?
With the Bookmap Digital Plus package or higher, you can record both market data and orders.
What is Bookmap's minimum price increment (tick or pip)?
You can set a larger tick in Bookmap, consolidating multiple price levels. You can also adjust the granularity of the displayed sizes.
What is Tick size or pip? How can I modify it?
A tick size or pip represents the smallest price movement for a financial instrument. In cryptocurrencies, like Bitcoin, a tick might be as small as a satoshi, which is 0.00000001 BTC. While exchanges have their set tick sizes, Bookmap lets you set larger ticks, grouping multiple price levels together. For a BTC priced at $10,000, a recommended tick size ranges from 1 to 10.
What is size granularity?
Size granularity allows the user to set a maximum number of decimal digits displaying the size of liquidity and trades in the order book.
Can I merge data from multiple exchanges in Bookmap?
Yes, with Bookmap Digital Plus and the Multibook feature, you can combine data from 2-5 instruments into one chart. It gives a consolidated view of order books and trades across exchanges. Refer to the Multibook Guide for details.
What should I do if I lose connection?
Bookmap will try to reconnect if you lose connection. If it happens often, ensure your internet is stable. For better connectivity, connect your PC directly to the router with an ethernet cable. If the issue persists despite a good connection, the exchange may have issues. If it's neither, contact Bookmap Support.