10 Best Kraken Trading Bots For May 2024

Kraken openly welcomes trading bots, meaning you can automate your crypto investments. That said, Kraken doesn’t directly offer bots itself, so you’ll need to purchase one from an online marketplace.

This guide reviews the 10 best Kraken trading bots for 2024. We reveal the most reliable, profitable, and cost-effective bots for a wide range of crypto trading strategies.

The Best Kraken Trading Bots Ranked

Let’s start with a quick overview of the best Kraken trading bots for crypto traders:

Learn2Trade – The Overall Best Kraken Trading Bot for 2024
3Commas – Trade Crypto Automatically for Just $5 per Month
Cryptohopper – Top-Rated Copy Bots for the Kraken Exchange
Gunbot – 20+ Preset Bot Strategies With 150+ Parameters
Bitsgap – Popular Trading Bot for Sideways Crypto Markets
TradeSanta – Develop a Kraken Futures Bot Without Code
Margin.de – Great Option for Python Bot Developers
WunderTrading – Deploy a Kraken Signals Bot via TradingView
Coinrule – Create Trading Rules to Buy and Sell Crypto 24/7
Quadency – Multi-Level RSI Bot That Leverages the DCA Strategy

The Top Kraken Trading Bots Reviewed

The Kraken automated trading bots listed above will now be reviewed. Read on to discover which trading bot is right for you.

1. Learn2Trade – The Overall Best Kraken Trading Bot for 2024

Overall, we rate Learn2Trade as the best Kraken bot. This is a fully automated bot that enables traders to buy and sell crypto passively. After going through the 10-minute setup process, the bot will begin trading. It has over 1,500 lines of in-built code, ensuring that Learn2Trade can navigate all market conditions.

It leverages 100+ technical indicators to scan the markets around the clock. When a signal has been triggered, Learn2Trade enters a trading position. Depending on the technical reading, the bot might go long or short. Either way, Learn2Trade implements risk management into its trading decisions.

We found that most positions come with a 1% stop-loss order. This ensures your bankroll is protected from trades that don’t go to plan. The bot is programmed to trade some of the best cryptocurrencies to buy, including BTC, DOGE, SHIB, ETH, BHC, and more. Prices start at £99 per month (about $125).

Although this is considered a hefty investment, the numbers speak for themselves. Learm2Trade’s bot has a 79% win rate. What’s more, Learn2Trade has already proven itself in the crypto signals space; it has over 70,000 members. Learn2Trade is also renowned for its excellent customer support.

Kraken Bot Strategy	Free Plan?	Fees
Fully autonomous Kraken bot based on 1,500+ lines of code and 100+ technical indicators. Operates 24/7 and supports hundreds of trading pairs	No	£99 per month (about $125).

Pros:

The best Kraken bot for traders in 2024
Operates on 1,500+ lines of code and 100+ indicators
Scans hundreds of trading markets 24/7
No coding or trading experience is needed
79% win rate since inception
Monthly plans can be canceled at any time
Offers a 30-day money-back guarantee

Cons:

Pricing plans might be too high for some
Doesn’t offer custom strategies

Visit Learn2Trade

2. 3Commas – Trade Crypto Automatically for Just $5 per Month

3Commas is one of the best Kraken trading bots for first-time users. It offers cost-effective pricing plans that are affordable for most. From just $5 per month, you can run two Grid bots. These are trading bots that buy and sell crypto during sideways markets. The idea is to make small but frequent gains from stagnant pricing trends.

In addition, the $5 plan also allows up to two Signal bots. These place crypto trades based on technical signals, such as the MACD or RSI. The plan also includes up to five dollar-cost-averaging (DCA) trading bots. This appeals to long-term investors who want to average out their cost basis.

We like that 3Commas offers full flexibility on all of its bots. This means you can amend the settings to align with your trading strategy and risk profile. Not only does 3Commas support Kraken but plenty of other crypto exchanges. This includes Bybit, Binance, OKX, Bitstamp, Gate.io, and Gemini.

Kraken Bot Strategy	Free Plan?	Fees
Offers several bot strategies to choose from, including Grid, Signal, and DCA trading. Bot settings can be customized so they align with your preferred risk-reward ratio	No	Three pricing plans: $5, $49, and $79 per month

Pros:

Best Kraken bot for first-time users
Pay just $5 per month for several active bots
Strategies include Grid, Signal, and DCA trading
Offers paper trading accounts
Also compatible with Binance, Gate.io, and other popular exchanges

Cons:

Historical trading results aren’t published
The $5 plan limits users to 25 active DCA deals

Visit 3Commas

3. Cryptohopper – Top-Rated Copy Bots for the Kraken Exchange

Cryptohopper offers many different bots that are compatible with Kraken. We like its copy bots, enabling users to mimic the trades of experienced pros. One of the most popular is the Kraken Low-Risk Index bot. It offers exposure to crypto with the most potential, including Polkadot, Aave, Monero, and Solana.

Costing just $9.99 per month, this Kraken bot has produced gains of almost 60% since its inception. Another option is the SOLID#1on1 bot. This bot implements a long-term strategy based on Bitcoin’s hourly candles. It costs $28.99 per month and offers a 10% return on investment.

Cryptohopper also offers in-house trading bots that can be customized. This includes a bot for dollar-cost averaging and trailing orders. Additional features include paper trading, backtesting, and a strategy designer. Cryptohopper offers a free plan that includes unlimited copy bots. Premium plans cost $29-$129 per month.

Kraken Bot Strategy	Free Plan?	Fees
Copy bots that replicate the strategies of experienced traders. Also offers customizable DCA and trailing bots.	Yes (copy bots only)	Three pricing plans: $29, $69, and $129 per month

Pros:

Top-rated copy trading bots for Kraken
Also offers DCA and trailing bots
Bots can be customized
Backtesting and paper trading tools
Design your own bot strategy from scratch

Cons:

Some bots require a premium plan
Copy bots need to be purchased from the marketplace

Visit Cryptohopper

4. Gunbot – 20+ Preset Bot Strategies With 150+ Parameters

Gunbot is a popular bot trading platform that appeals to all skill sets. Beginners have access to over 20 preset bot strategies, each offering over 150 parameters. These are plug-and-play strategies that don’t require any customization. That said, Gunbot enables users to adjust the bot settings should they wish.

Experienced traders might prefer building their own strategy from scratch. Gunbot offers a wide range of bespoke tools, including dynamic target adjustments, trend analysis, and trailing orders. Users can also build technical indicators into their custom strategy.

Gunbot also enables users to develop AI-generated triggers. No coding experience is required, as commands are created by text prompts. There are three pricing plans to choose from, ranging from $29 to $59 per month. Each plan comes with various features and limitations.

Kraken Bot Strategy	Free Plan?	Fees
Offers 20+ prebuilt bot strategies that are ready to trade without customization. Users can also build a bot from scratch	No	Three pricing plans: $29, $39, and $59 per month

Pros:

Offers 20+ plug-and-play bot strategies
Each strategy comes with 150+ parameters
Users can also build a custom bot from the ground up
Leverage the power of AI through text prompts
Supports an unlimited number of coins

Cons:

Doesn’t offer a free plan
Customization tools best suited for experienced traders

Visit Gunbot

5. Bitsgap – Popular Trading Bot for Sideways Crypto Markets

Bitsgap offers a user-friendly Grid trading bot that operates in sideways markets. It enters low-risk trades to capitalize on tight pricing zones. For example, suppose Ethereum has been trading between $2,000 and $2,200 for several days. The bot will assess the key support and resistance zones.

It will then enter orders accordingly. For instance, when the price is toward the top of the sideways range, a sell order will be placed. The take-profit order will be set toward the bottom of the range. There will also be a stop-loss just above the peak of the range, ensuring that your balance is protected from a breakout.

Crucially, this is a low-risk trading strategy. Bitsgap also offers a DCA bot for long-term consolidation. Bots can also be customized, but this isn’t necessary. Pricing plans start from $29 per month, which includes up to two active Grid bots. The Advanced and Pro plans, costing $69 and $129 respectively, support Kraken futures.

Kraken Bot Strategy	Free Plan?	Fees
Low-risk Grid trading strategy to capitalize on sideways markets. Also offers DCA bots. All bots can be customized	No	Three pricing plans: $29, $69, and $129 per month

Pros:

Risk-averse bot to trade sideways markets
All positions come with stop-loss and take-profit orders
Completely autonomous – the bot is ready to trade on Kraken
Paper trading tools to test bots before deployment
New users get a 7-day risk-free trial

Cons:

Just two active Grid bots are supported on the $29 plan
Annual purchases only get a 20% discount

Visit Bitsgap

6. TradeSanta – Develop a Kraken Futures Bot Without Code

TradeSanta is one of the best Kraken trading bots for buying and selling futures. Bots are fully customizable and built from the ground up. TradeSanta is suitable for beginners and experienced pros, as no coding is required. You simply need to build trading rules step-by-step.

For instance, you might decide to trade Bitcoin futures based on the MACD or moving averages. Alternatively, you can build price-based rules. For example, buying Ethereum futures when prices increase by 0.5% from the previous 24-hour low.

TradeSanta supports long and short positions, and your bot can even trade futures with leverage. Bots are also compatible with Kraken’s spot trading exchange. TradeSanta also offers a marketplace that sells ready-made bots. Monthly plans cost $25, $45, or $90. That said, you’ll need the most expensive plan to access Kraken futures.

Kraken Bot Strategy	Free Plan?	Fees
Offers a rules-based strategy builder that doesn’t require any code. Supports Kraken spot trading and leveraged futures, covering long and short strategies	No	Three pricing plans: $25, $45, and $90 per month

Pros:

Simple strategy builder to develop a custom Kraken bot
Supports spot trading and leveraged futures
Compatible with long and short strategies
All plans include ready-made bots
Currently offering a 50% discount on annual purchases

Cons:

Only the $90 plan supports Kraken futures
No free plans are available

Visit TradeSanta

7. Margin.de – Great Option for Python Bot Developers

Margin.de is the best option for experienced developers who are comfortable using the Python language. It enables users to build high-level trading bots that are compatible with the Kraken exchange. Margin.de supports a full suite of technical and economic indicators.

This ranges from the VWAP and RSI to the MACD and Bollinger Bands. It also offers arbitrage tools. This enables bots to scan more than 20 exchanges simultaneously to capitalize on price disparities. Margin.de comes as a fully-fledged desktop software, ensuring complete flexibility for developers.

Supported operating systems are Windows, Mac, and Ubuntu. Unlike other Kraken trading bots, Margin.de orders are directly routed to the exchange. This ensures that positions are executed without delays. Although Margin.de charges a one-time license fee, it doesn’t display prices on its website.

Kraken Bot Strategy	Free Plan?	Fees
Advanced desktop software supporting the Python language. Create a high-level Kraken bot from the ground up	No	Charges a one-time licensing fee, but prices aren’t published

Pros:

One of the best crypto auto trading platforms for seasoned programmers
Supports the Python language
Available as desktop software for Windows, Mac, and Ubuntu
Offers a full suite of technical and economic indicators
Orders are directly routed to the Kraken exchange

Cons:

Licensing fees aren’t published
Not suitable unless you have programming experience

Visit Margin.de

8. WunderTrading – Deploy a Kraken Signals Bot via TradingView

WunderTrading is also worth considering when exploring the best Kraken trading bots. This established platform offers a top-rated Signals bot that’s compatible with TradingView. This allows you to automate TradingView technical strategies that you’ve already developed.

Once connected, TradingView signals are sent to WunderTrading. The bot then actions the signal based on your settings. For instance, suppose you’ve got a TradingView signal that buys Bitcoin when the MACD and RSI signals are triggered.

The WunderTrading bot will then purchase Bitcoin on Kraken automatically. You can also install custom entry and exit orders – the possibilities are endless. WunderTrading also supports other Kraken bot strategies. This includes dollar-cost averaging and Grid trading. Everything can be customized to your requirements.

Kraken Bot Strategy	Free Plan?	Fees
Automate TradingView signals with a fully-fledged Kraken bot. Also supports copy, DCA, and Grid trading bots.	Yes (capped at 10 open positions)	Four pricing plans: $4.95, $19.95, $39.95, and $89.95 per month

Pros:

Kraken bot that places orders based on TradingView signals
Completely automate your custom TradingView strategies
Also offers copy, DCA, and Grid trading bots
7-day free trial for new users
Home to more than 80,000 active users

Cons:

Cheaper monthly plans come with limitations
Doesn’t offer 24/7 customer support

Visit WunderTrading

9. Coinrule – Create Trading Rules to Buy and Sell Crypto 24/7

Coinrule is a great option for developing a rules-based Kraken bot. If you have a strategy that you’d like to try, simply feed each rule into the platform step-by-step. For instance, you might start by selecting your preferred trading pairs, such as BTC/USDT and ETH/USDT.

Next, you can provide the bot with your stake size and the stop-loss and take-profit percentages. After that, you can dive deep into the technical metrics. For example, your bot can trade based on the 50-day and 200-day averages, the RSI, MACD, or the Fibonacci sequence.

You can then test your bot with paper trading funds before deploying it on Kraken. The other option is to use a pre-made trading bot. There are multiple strategies to choose from. This includes a bot that follows extended trends, cashing out before a reversal is imminent.

Kraken Bot Strategy	Free Plan?	Fees
Rules-based strategy builder, covering pricing, volume, indicators, and orders. Also offers multiple pre-made trading bots	Yes (capped at two live rules)	Three pricing plans: $29.99, $59.99, and $449.99 per month

Pros:

One of the easiest ways to create a rules-based bot
Supports over 100 custom triggers
Bots operate on Kraken 24/7
Also offers ready-made trading bots
Currently offering a 25% on all plans

Cons:

The free plan is limited to just two live rules
Sub-par customer support

Visit Coinrule

10. Quadency – Multi-Level RSI Bot That Leverages the DCA Strategy

Quadency offers an innovative Kraken bot that leverages the RSI indicator with a dollar-cost averaging strategy. This is ideal for swing traders who want to buy the dip, and cash out toward the peak of a trend. First, the Quadency bot scans Kraken for suitable trading opportunities.

It searches crypto assets with an RSI reading below the specified level. Most traders opt for 30, but you can customize this to your liking. After the RSI target is triggered, Quadency enters buy orders. Expecting an upward reversal, the Quadency bot enters sensible take-profit targets.

It also enters a stop-loss order, in case the RSI reading isn’t a short-term correction. Crucially, this Kraken bot enables you to buy quality cryptocurrencies at a discount. In terms of pricing, Quadency is currently free. This is because it’s still working on key features. Therefore, paid plans will launch later in 2024.

Kraken Bot Strategy	Free Plan?	Fees
Leverages the RSI indicator to buy the dip. Enters take-profit orders to catch the peak of the reversal. Stop-losses are entered on all positions	Yes	Currently free while new features are being developed

Pros:

Use the RSI indicator to buy the dip
Fully automated 24/7
Currently 100% free
Supports Kraken, Binance, and other top exchanges
Also offers an AI trading assistant

Cons:

You’ll need to choose your preferred RSI trigger
Paid plans will eventually be the norm

Visit Quadency

How do Kraken Trading Bots Work?

In a nutshell, Kraken bots offer an automated trading experience. The concept is simple; the bot buys and sells cryptocurrencies on your behalf. You won’t need to do any market research or analysis, let alone place orders. Instead, you can sit back and enable the Kraken bot to trade autonomously.

There are many benefits to using a Kraken bot. For a start, they’re ideal for novice traders without any experience in technical and fundamental research. What’s more, bots can scan the markets 24 hours per day, 7 days per week. There are no limitations on how many crypto pairs the bot analyzes simultaneously.

Kraken trading bots also remove human risks, such as emotion, recklessness, and fatigue. However, using a bot on Kraken isn’t a guaranteed way to make money. The most important factor is choosing the right bot. This means selecting a suitable strategy that aligns with your investment goals.

For example, some bots leverage a Grid trading strategy. They focus on extended consolidation zones, profiting from tight trading ranges. Other bots specialize in dollar-cost averaging, which is ideal for building exposure to cryptocurrencies organically.

Some bots buy and sell cryptocurrencies based on technical readings. For instance, it might trade when the MACD and Fibonacci sequence indicators are triggered. Once you’ve selected a strategy, further research is crucial. For instance, assess how long the Kraken bot has been trading.

Explore what return on investment has been generated since inception, alongside the maximum drawdown percentage. Pricing should also be considered, as the best Kraken trading bots charge monthly fees. You’ll also need to evaluate the types of pairs you want the bot to trade, such as BTC/ETH or XRP/USDT.

You’ll need to create an Application Programming Interface (API) key before using a Kraken bot. You can do this within your Kraken account. This gives the bot certain permission, such as using your account balance to place orders. The bot provider cannot access your account, so the API framework is considered safe.

Custom Strategy vs Pre-Made Bots

You’ll need to choose between a custom strategy or a pre-made Kraken bot.

If you already have a crypto trading strategy in mind, building a custom strategy could be the best option. You’ll feed the bot with your preferred metrics and triggers. For instance, you might want the bot to buy Solana every time its price drops by 3%.

Alternatively, you might want the bot to short-sell Bitcoin whenever daily trading volumes drop the 50-day average. You can also implement technical indicators into your custom bot. It’s also important to test the bot extensively before risking it in live market conditions.

This means backtesting based on historical data, and using paper trading funds via a demo account. Although building a custom bot can be time-consuming, you won’t need any programming skills. In most cases, you can create individual rules through text promotions and filters.

All that being said, some traders prefer ready-made bots. These offer a plug-and-play model, meaning you simply need to pay for the subscription to start trading. Learn2Trade is the best option if you want to benefit from trading automation.

The bot scans hundreds of pairs 24/7, aiming to find the next crypto to explode. Not only on Kraken but other exchanges, including Binance and Bybit. Learn2Trade is a technical-based bot, meaning it trades based on indicator readings. Learn2Trade claims to have a 79% win rate to date.

Never leave your Kraken bot unattended for long periods. Constantly monitor its performance and ensure stop-losses are aligned with your risk profile. If needed, turn the bot off for further adjustments and testing.

Is Bot Trading Allowed on Kraken?

You’ll be pleased to know that Kraken allows bots to trade on its platform.

Kraken states that: “Yes, clients are welcome to use trading bots to trade our markets.”

Not only can bots be used on the Kraken spot trading platform but also its futures exchange. This means your bot has access to hundreds of crypto pairs and markets. It can also trade with leverage, although this can be a risky move.

Do Kraken Trading Bots Really Work?

Kraken bots work perfectly well. However, that isn’t to say that your chosen bot will be a success. There are many variables to consider in this regard. Most importantly, bots place orders based on predefined code. For instance, if the bot is instructed to buy Litecoin when the 61.8% Fibonacci retracement level is triggered, that’s what it will do.

This doesn’t mean the trade will generate a profit. Crucially, the best trading bots for Kraken have gone through extensive testing processes. This means backtesting the bot to assess how it would have performed in previous market cycles. After that, the bot will be deployed in live market conditions but with demo capital.

The longer the bot has been tested, the more validity it offers. Even then, there’s no guarantee that the bot will perform well indefinitely. Bots need to constantly be tweaked to align with ever-changing market conditions. Put otherwise, what works today might not work tomorrow.

With this in mind, it’s important to use a bot provider that offers frequent updates. In addition, spend some time assessing what risk-management procedures the bot takes. For instance, it might close a position on Kraken when it declines by 1.5%.

How to Choose the Best Kraken Trading Bot?

If you’re still now sure which Kraken bot is right for you, consider the following metrics:

Bot Strategy: First, assess what kind of bot strategy you want to deploy. Popular options include Grid trading sideways markets, dollar-cost averaging, and technical signals.
Target Markets: Consider which crypto markets you want the bot to trade. For instance, some bots trade the best new cryptocurrencies to buy. Others opt for more established cryptocurrencies like Bitcoin and Ethereum. You’ll also need to decide between the spot trading and futures markets.
Return on Investment: Assess what return on investment the bot has generated since it launched. Some providers state their results as a win rate. This is the percentage of trades that have returned a profit. Either way, the best Kraken trading bots have a solid track record.
Reputation: Do some research on the bot’s reputation with existing users. If the bot has too many negative reviews online, this could be a red flag.
Pricing: Consider how much it costs to use the bot. Assess whether the monthly fee aligns with your average trade amount. Crucially, the bot needs to generate enough profit to cover the fee and offer a suitable return.
Testing: We prefer Kraken bots that come with testing facilities. This should include backtesting and demo trading. This enables you to test the bot before connecting it with Kraken.

How to Use a Kraken Trading Bot

We’ll now explain how to use a Kraken trading bot in 2024:

Step 1: Get a Kraken Bot: The initial step is to obtain a suitable bot. Not only should the bot be compatible with Kraken but it should align with your financial goals.
Step 2: Create an API Key: The next step is to create an API key. Log into Kraken and select the ‘Security’ button followed by ‘API’. Click ‘Add Key’ to create a unique API.
Step 3: Configure API Permissions: It’s crucial to review the API permissions before providing the key to your bot provider. Ensure the ‘Deposit Funds’ and ‘Withdraw Funds’ boxes are unticked. You might also consider setting an expiry date. This will switch the bot off and enable you to review its performance.
Step 4: Provide API Key to Bot: Now you’ve reviewed the settings, you can provide the unique API key to your bot provider. This permits it to trade cryptocurrencies from your account.
Step 5: Activate Kraken Bot: If you’re ready to deploy the bot on Kraken, activate it. The bot will then begin trading, as per the underlying code it’s been programmed to follow.

Conclusion

Kraken bots can automate your crypto trading endeavors. However, research is crucial – there’s no guarantee your chosen strategy will make money. Having explored the market extensively, we found that Learn2Trade offers the overall best Kraken bot.

After two years of testing, Learn2Trade has a win rate of 79%. While you’ll pay £99 per month to use the bot, Learn2Trade offers a 30-day money-back guarantee. This should give you enough time to assess whether the bot is right for your trading goals.

Visit Learn2Trade

References

FAQs

Can a robot trade for me in Kraken?

Yes, you can connect a bot with your Kraken account, meaning you’ll benefit from automated trading. After purchasing a bot, you can activate it by creating an API key.