How to Pull Cryptocurrency Prices in Excel
When Excel gained the ability to obtain stock data directly from inside the spreadsheet using data types, cryptocurrencies were included in the dataset as well as other traditional financial instruments. This post will demonstrate how to import current cryptocurrency prices as well as historical data directly into Microsoft Excel. Trading crypto currencies may be a very intriguing and profitable pastime, and it is becoming more popular. There are a plethora of various trading platforms and exchanges that will provide API access to their data, allowing the intelligent trader to create their own tools to suit their own trading strategy and requirements.
Because of the vast possibilities it gives to construct bespoke tools and dashboards to produce market insights, test and experiment with data and ideas, and monitor portfolio performance and keep track of positions, Microsoft Excel training is the tool of choice for many traders and investors. The use of Python for data analysis and back testing trading techniques, as well as the development of systematic or automated trading strategies, will appeal to more technically inclined traders.
The majority of cryptocurrency exchanges provide an API that allows programmatic access to their platforms’ data. This is the interface that we would use to link our Excel or Python-based tools to the platform in order to gather data and handle orders, respectively.
What kind of Crypto currencies are currently available?
A large number of cryptocurrencies are traded on a daily basis, with hundreds (if not thousands) of transactions taking place. For the time being, Microsoft has only paid for data on a small number of big cryptocurrencies that are traded all over the globe. The cryptocurrencies that are now accessible in Excel are as follows:
- Bitcoin is a cryptocurrency (BTC)
- Bitcoin Cash (Bitcoin Cash) (BCH)
- Litecoin is a cryptocurrency (LTC)
- There is a ripple effect (XRP)
- Ethereum is a cryptocurrency (ETH)
Real-time pricing data is being pulled
To properly name cryptocurrency, you can’t just type in the abbreviation for the coin and expect to get a response. You have to put in the whole name of the cryptocurrency in order to receive a result. You must really combine the coin’s abbreviation with the desired price currency you want to output in order for it to work. As an example, consider the following formula: Cryptocurrency plus Desired Price Currency is a mathematical formula.
Excel will accept either “BTCEUR” or “BTC/EUR” as legitimate inputs if you wish to display Bitcoin in Euros, for example.
Visit the Data tab in Excel and learn how to set up a cryptocurrency data pull for Bitcoin in U.S. dollars by using the Data tab in Excel. Following the activation of the Data tab, you should notice a collection of buttons titled Data Types appear on the screen. If you do not see this, it means that you are presently using an Excel version that does not support this feature. Select the cell containing the ticker symbol and then select the Stocks data type button to the right of the cell. It is possible that you may notice a few modifications to your cell value if your ticker is typed correctly (with no spelling problems).
If your ticker symbol was successfully translated, you should be able to detect two things:
The bank symbol should be displayed to the left of the ticker symbol on the stock exchange (indicating a Stock Data Type)
You should see a “Add Field” button appear when the ticker is chosen in the cell with the ticker in it. You may begin adding fields connected with your cryptocurrency after your cell text has been properly transformed into a stock data type. To obtain information, pick a specific piece of information from the drop-down menu and it will fill in the next available cell to the right of the coin. You’ll also note that when a field is added, a formula is generated that uses the cell reference + period + field name nomenclature to fill the field. In order to accommodate your formatting requirements, you may move your data about your spreadsheet with the use of formulae.
Obtaining Previous Price Information
Use the new STOCKHISTORY function in Excel to not only get stock price information, but also cryptocurrency pricing information! The following is a basic example of how you may get the daily closing price of Bitcoin in US dollars for every day of the year 2020 by using the formula below.
