Kraken Trading Bot

The Kraken trading bot is a bot that helps you trade on the Kraken exchange. The bot can automatically place orders for you based on your desired parameters. For example, you can tell the bot to buy or sell when the price reaches a certain level. You can also set stop-loss and take-profit orders to limit your losses or lock in profits. The bot is very user-friendly and easy to set up.

What is Kraken

The San Francisco-based Kraken exchange was founded in 2011. According to “CoinMarketCap”, it has the 10th highest 24h trading volume and is said to be the largest crypto exchange in terms of Euro volume and liquidity. Kraken users can buy, sell and trade bitcoin against Canadian Dollars, British Pounds, Euros, US Dollars and Japanese Yen. Though Kraken is suitable for any experience level, the integration of functionalities such as “margin trading” as well as other advanced trading features also have a lot to offer for crypto-veterans. Depending on the level of identity verification chosen by the account holder (e.g. phone number,physical address, identity documents proof of residence), users subscribe to one of five tiers(Tier 0-4). The higher tiers allow for fiat currency funding and significantly higher funding limits. With respect to fees, Kraken is considered to have comparatively low transaction fees. These fees are calculated based on a trade’s quote currency volume and charged per trade. More information on the updates on fees can be found on the link in the sidebar.

[Kraken homepage](https://cdn.cryptohopper.com/images/exchange/kraken-screenshot.png "Kraken homepage")

What is Cryptohopper

Cryptohopper is an automated trading bot that can scan and trade crypto 24/7. Cryptohopper is the most popular Cryptocurrency trading bot on the market. With multiple features like automated trading, market making, and arbitrage Cryptohopper is the complete package for beginner and advanced traders.

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FAQ

Frequently asked questions

The Kraken trading bot is easy to use and beginner friendly. Follow our documentation on how the settings and dashboard works.
The Kraken trading bot is easy to use and beginner friendly. Follow our tutorials on building your trading bot and start trading now.
Cryptohopper offers a free 7-day trial and a 5-day trading course to get you going. Other packages that are being offered can be looked up on our pricing page.
You can find the Kraken trading fees on their website.

Latest news from Kraken

Read more news from Kraken

Disclaimer: Cryptohopper is not a regulated entity. Cryptocurrency bot trading involves substantial risks, and past performance is not indicative of future results. The profits shown in product screenshots are for illustrative purposes and may be exaggerated. Only engage in bot trading if you possess sufficient knowledge or seek guidance from a qualified financial advisor. Under no circumstances shall Cryptohopper accept any liability to any person or entity for (a) any loss or damage, in whole or in part, caused by, arising out of, or in connection with transactions involving our software or (b) any direct, indirect, special, consequential, or incidental damages. Please note that the content available on the Cryptohopper social trading platform is generated by members of the Cryptohopper community and does not constitute advice or recommendations from Cryptohopper or on its behalf. Profits shown on the Markteplace are not indicative of future results. By using Cryptohopper's services, you acknowledge and accept the inherent risks involved in cryptocurrency trading and agree to hold Cryptohopper harmless from any liabilities or losses incurred. It is essential to review and understand our Terms of Service and Risk Disclosure Policy before using our software or engaging in any trading activities. Please consult legal and financial professionals for personalized advice based on your specific circumstances.

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