To automate your trading on Kraken, you can use the Bitsgap Kraken Trading Bots. In fact, Bitsgap has a range of smart trading tools and automated trading bots available for use on the Kraken exchange. For example, you can use the GRID and DCA bots and other cool features like Trailing Up and Down, Take Profit and Stop Loss, and Pump and Dump Protection Switcher, among others.
Kraken is a US-based cryptocurrency exchange that was the first ever bitcoin exchange listed on the Bloomberg terminal. Kraken is a particularly good choice for US customers as it’s available in all states except Washington and New York.
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How Does the Kraken Trading Bot Work?
The Kraken Trading Bots are used to automate your trades on the Kraken exchange. Using the Bitsgap trading interface, you can set up two types of trading bots for Kraken — DCA and GRID. Those bots will work on your behalf and follow a set of predetermined rules that are programmed to yield specific results. For example, the GRID trading bot for Kraken will build an order grid like a fishing net around a specific price. By tracking the price fluctuations, the GRID bot will continuously reap profits by buying low and selling high.
Advantages of the Kraken Trading Bot
Bitsgap offers different modifications of trading bots, letting you combine various settings and strategies to achieve better results.
GRID trading bots
Profit from every market move
The grid strategy works with postponed limit BUY and SELL orders in predefined price intervals.
The price range you choose will be divided into multiple levels (also selected by you) which creates a grid full of orders.
GRID bot strategies
Buy the dip
Earn BTC as it becomes cheaper, then HODL
Flat
Earn USDT on every small price fluctuation
Custom grid
Configure your own grid trading strategy
Buy the dip
Earn BTC as it becomes cheaper, then HODL
Flat
Earn USDT on every small price fluctuation
Custom grid
Configure your own grid trading strategy
DCA trading bots
Set algorithmic strategy based on smart technical indicators
The DCA trading bot (or "Dollar Cost Averaging") allows you to invest in a cryptocurrency at multiple price levels to get a better average entry price.
DCA bot strategies
MACD+RSI
Оutperform market on bullish or bearish trends
Stochastic+Channel
Buy/Sell inside channels, HODL outside channels
Pure DCA
Buy at multiple DCA levels, take profit, repeat
Custom DCA
Construct your perfect trading bot by yourself
MACD+RSI
Оutperform market on bullish or bearish trends
Stochastic+Channel
Buy/Sell inside channels, HODL outside channels
Pure DCA
Buy at multiple DCA levels, take profit, repeat
Custom DCA
Construct your perfect trading bot by yourself
Try on a PRO plan free for 7 days, pick a plan later
How to Launch Kraken Trading Bot
Sign up on Bitsgap
Connect an exchange
Choose your bot
Set the bot up and run it
Try Your Bot in Demo Mode
Demo Mode lets you try crypto trading with simulated funds. Experiment with your Kraken Trading Bot on various instruments and with different settings in a risk-free sandbox. The Demo Mode virtual account has all the same market conditions as real trading on the platform. Bitsgap will autonomously execute your orders, showing your actual trading results.
Plans & pricing
Save $72
Basic
$29$23/mo.
2 Active GRID Bots
10 Active DCA BotsNew
Unlimited Smart orders
Save $168
Advanced
$69$55/mo.
5 Active GRID Bots
50 Active DCA BotsNew
Unlimited Smart orders
Futures bots
Trailing Up & Down for bots
Save $360
PRO
$149$119/mo.
25 Active GRID Bots
250 Active DCA BotsNew
Unlimited Smart orders
Futures bots
Trailing Up & Down for bots
Take Profit for bots
Save $72
Basic
$29$23/mo.
2 Active GRID Bots
10 Active DCA BotsNew
Unlimited Smart orders
Save $168
Advanced
$69$55/mo.
5 Active GRID Bots
50 Active DCA BotsNew
Unlimited Smart orders
Futures bots
Trailing Up & Down for bots
Save $360
PRO
$149$119/mo.
25 Active GRID Bots
250 Active DCA BotsNew
Unlimited Smart orders
Futures bots
Trailing Up & Down for bots
Take Profit for bots
*Please note that our prices are VAT exclusive.
VAT will be billed to EU customers in line with the applicable rates of their member state unless a valid VAT number is provided.
Try on a PRO plan free for 7 days, pick a plan later
Bitsgap has no access to your funds. And will never have.
Our platform executes trades, while keeping all information entirely confidential.
Your funds are secure
Bitsgap doesn’t have access to your exchange account and cannot withdraw your funds.
API-key is all you need
Connect your exchange account using a secure API connection and get started. It’s easy.
Fast trading servers
Our servers are located close to popular exchanges to ensure stable and fast order execution.
Try on a PRO plan free for 7 days, pick a plan later
FAQ
How Safe Is Bitsgap?
Which Trading Bot Is Best for Kraken?
Does Kraken Charge Any Trading Fees?
How Safe Is Bitsgap?
Bitsgap takes your account's security and your funds' safety as its absolute priority. Bitsgap has only limited access to your API key and can only access your trading history, balance view, and trading activity. As an extra measure, any API key that has enabled withdrawals will be rejected. You can also switch on 2FA authentication for your account to ensure you have an extra layer of protection.
Which Trading Bot Is Best for Kraken?
Bitsgap has two types of trading bots for Kraken, which work equally well. You can choose either the DCA or the GRID trading bots. Both bots have shown fantastic results and can be equally recommended for trading on Kraken. Provided you take good care of configuring your bot and analyzing the market, you have all the chances of receiving a decent profit.
Does Kraken Charge Any Trading Fees?
Yes, Kraken charges trading fees that range from 0% to 0.26% of the total cost of the order and depend on several factors, such as the currency pair, 30-day trading volume, and order type (maker or taker). Bistgap, however, doesn’t charge any trading fees, so all the fees you incur are charged by the exchange. All you have to pay for on Bistgap is your subscription plan which starts at $23 a month.
