7 Best Kraken Trading Bots for 2024

Kane Pepi

Last updated: March 6, 2024 09:02 EST | 16 min read

Bots enable you to trade crypto autonomously. It takes minutes to get started; simply choose a strategy, purchase the bot, and install it into Kraken.

Read on to discover the 7 best trading Kraken bots in the market today. We’ve sourced the most profitable bots across various strategies, including algorithmic trading, dollar-cost averaging, and more.

7 Best Kraken Trading Bots: Our Analysis

Find out more about the Kraken automated trading bots listed above.

1. Learn2Trade – The Best Kraken Trading Robot With 79% Win Rate

Learn2Trade offers the overall best trading bot for Kraken. Its bot is also compatible with other popular exchanges, including Binance and Bybit. Learn2Trade’s bot is fully autonomous; it trades 24 hours per day, 7 days per week. Users simply need to set the bot up and it will begin trading on Kraken. This is achieved via an API connection.

We found that Learn2Trade offers the most accurate Kraken bot. Since testing began over three years ago it has achieved a 79% win rate. Learn2Trade built its trading bot with over 1,500 lines of code. It leverages dozens of technical indicators like MACD and the Fibonacci retracement. This enables the bot to find profitable trading opportunities around the clock.

On average, Learn2Trade’s bot places 70 buy and sell positions per month. Most trading positions adopt a day trading strategy. Each comes with an average risk-reward of 1:3. In terms of pricing, Learn2Trade charges £99 per month. Cheaper monthly rates are available when purchasing a 3 or 6-month plan. All plans include a 30-day money-back guarantee.

2. Coinrule – Create Custom Strategies for 24/7 Automated Trading  

We found that Coinrule is one of the best Kraken trading bots for creating custom strategies. This means that, unlike Learn2Trade, you’ll need to have a proven strategy in place. What’s more, you’ll need to feed the strategy to Coinrule through ‘rules’. For example, one rule could instruct the Kraken bot to short-sell ETH/USD when the RSI drops to 55.

We like that Coinrule doesn’t require any coding knowledge. You can search for the rule trigger and edit it accordingly. This is based on the ‘If This Then That’ (IFTTT) system. As such, Coinrule is suitable for all skill sets. In addition, Coinrule allows you to test-drive your bot strategy in live market conditions. This means the bot will trade with virtual funds.

Coinrule also offers a bot marketplace. This means you can buy a premade bot and install it into Kraken. However, many of the bots for sale have a limited track record. Alongside Kraken, Coinrule is competitive with some of the best crypto exchanges. This includes Binance, Coinbase, and KuCoin. Prices range from $0 to $449.99 per month.

3. Cryptohopper – Great Option for Long-Term Crypto Investors   

Next is Cryptohopper, which is a great option for investing in crypto long-term. The reason is that Cryptohopper offers a DCA bot. The bot will dollar-cost average your preferred markets on Kraken automatically. There are many DCA strategies to choose from. For instance, you can elect to buy specific cryptocurrencies at set intervals.

A simple example is buying $300 worth of XRP every week. Or $100 worth of Bitcoin daily at 10 am. Alternatively, you can install advanced trading rules into your DCA bot. For instance, it could buy Ethereum whenever its price drops by 1% from its previous high.  Cryptohopper is also suitable for short-term traders – some prebuilt strategies are aimed at day trading.

Cryptohopper also has a marketplace, allowing users to buy pretested bots. We also like Cryptohopper’s backtesting facility. This enables users to test their bot in historical market conditions. This is a streamlined way of assessing performance, as you can backtest years’ worth of data in minutes. Cryptohopper prices range from $0 to $129 per month.

To learn more, check out our Cryptohopper review.

4. 3commas – Take Advantage of Sideways Markets via Grid Trading

Next is 3commas, an established trading bot provider that comes with many features. This includes the ability to create your own bot based on a drag-and-drop system. Simply search for a trigger, adjust the rule, and deploy the bot on Kraken. That said, we like 3commas for its prebuilt trading strategies.

These are aimed at beginners who don’t have a proven strategy to hand. One of the most popular is its Grid trading strategy. This specializes in sideways markets, which is when crypto prices are consolidated for extended periods. The Grid trading bot will identify key trends, such as support and resistance levels.

It will then place buy and sell orders accordingly. The 3commas Grid bot can trade more than 100 crypto pairs simultaneously. It also automatically deploys risk management orders, such as stop-losses and take-profits. Not only is 3commas compatible with Kraken but also Binance, Bybit, OKX, and Coinbase. Prices range from $0 to $59 per month.

5. WunderTrading – Best Kraken Bot for Streamlining TradingView Alerts

We found that WunderTrading is one of the most popular bot providers in the market. It boasts more than 98,000 customers, translating to over $380 million in monthly trading volume. While WunderTrading offers many Kraken bot strategies, we like its TradingView integration.

In a nutshell, WunderTrading enables you to deploy TradingView alerts into Kraken orders. For instance, suppose your TradingView alert suggests buying Dogecoin because of a MACD reading. The WunderTrading bot will then buy Dogecoin on Kraken automatically. This means that you can automate TradingView chart strategies, 24/7.

We also like that WunderTrading is suitable for spot and futures trading. This gives users plenty of flexibility. Other strategies available on WunderTrading include spread, Grid, and DCA trading. WunderTrading is also compatible with other leading exchanges, including Bybit, KuCoin, MEXC, and Coinbase. Prices range from $0 to $89.95 per month.

6. Bitsgap – Popular Kraken Futures Bot With 10x Leverage 

Our research shows that Bitsgap is one of the best Kraken bots for trading futures. Its COMBO strategy takes a high-risk, high-reward approach to trading. This is because it speculates on futures with 10x leverage. As such, both profits and losses will be amplified by a factor of 10. The Bitsgap bot specializes in USDT-backed futures.

Many different pairs are supported, including BTC/USDT, ETH/USDT, and LTC/USDT. That said, you’ll need to make sure you’re from a country that supports Kraken futures. Those in the US, for example, cannot trade futures on Kraken. Nonetheless, we like that the COMBO bot comes with hundreds of prebuilt strategies.

This covers long and short trading, ensuring your bot can profit from both rising and falling markets. We also like that Bitsgap offers a 7-day free trial. This enables you to test-drive its futures bot before making a financial commitment. Standard plans range from $29 to $149 per month. A 20% discount is available when purchasing an annual plan.

7. Cryptorobotics – Top-Rated Bot for Finding Arbitrage Opportunities

Last on this list of the best Kraken trading bots is Cryptorobotics. We found that this is one of the best options for arbitrage trading. This means the bot finds price discrepancies on the Kraken exchange and places orders accordingly. For example, it might buy ETH/USD at a lower price and short-sell ETH/EUR at a higher price.

As such, Cryptorobotics allows users to make risk-free profits. That said, you’ll need to have a reasonably larger bankroll, as arbitrage gains are often fractional. Not only is Cryptorobotics suitable for the spot trading markets but also futures. This means you can apply leverage if you live in an eligible country.

Cryptorobotics also offers other strategies, including copy and signal trading. In terms of pricing, Cryptorobotics offers four plans. Monthly subscription fees range from $0 to $79. Alternatively, Cryptorobotics also offers a profit-sharing option. Rather than pay a monthly fee you’ll pay a small percentage of any profits made.

What are Kraken Trading Bots?

Kraken trading bots are automated bots that work on the Kraken exchange. The main concept is that you’ll be trading on Kraken without manually placing orders. This is because the bot will scan the crypto markets on your behalf. Once it finds a trading opportunity, the bot will place a buy or sell order accordingly.

This means you can trade cryptocurrencies passively. For example, the Learn2Trade bot takes just 10 minutes to set up. Thereon, it will trade on Kraken 24/7. Each Kraken bot will have a prebuilt strategy. This means it places orders based on the ‘If This Then That’ (IFTTT) system.

For example, the bot might buy ETH/USDT futures when trading volumes increase by 20% from the previous hour. Put otherwise, Kraken bots can only follow the underlying code. This highlights the importance of choosing the right bot.

Not only should you consider metrics like past performance and win rate percentages, but whether or not the published results can be independently verified.  Not all Kraken trading bots are honest about their historical results.

Are Kraken Bots Profitable?

Some Kraken trading bots are very profitable. They’ve proven over several years they can make consistent gains. Learn2Trade’s bot, for example, has a 79% win rate. This is based on over three years of backtesting and live market training. What’s more, Learn2Trade typically deploys a 1:3 risk-reward ratio, meaning it risks 1% to make 3% gains.

This means that the bot has produced solid gains over time. However, past performance doesn’t guarantee future returns. Moreover, we came across plenty of Kraken bots that have a negative return on investment (ROI). This means the bot is trading at a loss.

To reduce the risk of financial loss, we’d suggest running your Kraken bot in demo mode for several weeks. We’d also suggest backtesting the bot. This means assessing how the bot would have performed in historical market conditions. Make sure your backtesting sample covers several years of data.

Conclusion

We’ve explored the best Kraken trading bots in the market today; Learn2Trade offers the overall best service. After a quick set-up process, Learn2Trade’s bot will buy and sell crypto on your behalf, 24 hours per day.

It takes a risk-averse approach to trading and has a historical win rate of 79%. What’s more, the bot is also compatible with other leading exchanges, including Binance and Bybit.

FAQs

What is the best free trading bot for Kraken?

Coinrule, Cryptohopper, and 3commas offer a free trading bot for Kraken. However, the free plans come with limited functionality. For the best trading results, you’ll need to consider a premium bot like Learn2Trade.

Can I use a bot on Kraken?

Yes, Kraken welcomes automated trading bots. Get started by generating an API key and providing it to your bot.

What is the best Kraken bot?

Learn2Trade offers the best Kraken bot in the market. It trades the spot and futures markets with a historical win rate of 79%.

References

1. Fibonacci Retracement (Fidelity)
2. What is IFTTT? How to use If This, Then That services (Computer World)
3. Ethereum / TetherUS PERPETUAL CONTRACT (TradingView)
4. What is an API Key? (Amazon Web Services)
5. What are crypto trading bots and how do they work (Binance academy)

About the Author

Kane Pepi

Kane Pepi is a financial, gambling and cryptocurrency writer with over 2,000 published works, including on platforms like InsideBitcoins and Motley Fool. He specializes in cryptocurrency guides, exchange and wallet reviews, and covers new crypto projects for Cryptonews.com. His expertise includes asset valuation, portfolio management, and financial crime prevention. Pepi holds a Bachelor's in Finance, a Master’s in Financial Crime, and is pursuing a Doctorate in money laundering in crypto and blockchain. Connect with Kane on LinkedIn.

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