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Brokers

Kraken

Crypto spot trading by hand, on your live Kraken account.

Trading on margin can lose you more than you put in. Past results, including backtests, do not predict future results. Cloud9Trader provides tools and education, not financial advice. Read the full risk warning.

Connect your Kraken account to see your balances and to send spot orders. The connection is new: it is built and tested against Kraken’s published API but has not yet been run end to end on an account, so it is marked beta.

Kraken has no practice account for spot. Every order on a Kraken key uses real money. Try the same trades on the demo account first, start with small amounts, and check each order on Kraken’s own site.

What you can do

Section titled “What you can do”
  • Manual orders: market, limit, stop and stop-limit orders on Kraken spot pairs. A limit order is GTC unless you choose IOC.
  • Account view: your US dollar balance, and each coin you hold as a position in its US dollar pair, valued at its last trade. Kraken gives no entry price for a coin you hold, so profit on it is not shown.

Algorithm sessions cannot trade on Kraken yet.

Connect

Section titled “Connect”
  1. On Kraken, open Settings, then API, and create a key. Give it these permissions: Query Funds, Query Open Orders & Trades, Query Closed Orders & Trades and Create & Modify Orders. It may also have Cancel & Close Orders, Query Ledger Entries and Access WebSockets API.
  2. Give it nothing else. Cloud9Trader refuses a key that can withdraw, deposit, use Earn or export data, and says so.
  3. In Cloud9Trader, open Exchange API Keys from the user menu. In Kraken’s row, paste the API Key and Secret. The only choice is Live (real money). Click Save.

Use the key for Cloud9Trader only. Kraken counts each key’s requests in order, and another program using the same key can make Kraken refuse orders.

Limits

Section titled “Limits”
  • Spot only. Kraken Futures and margin trading are not offered.
  • No stop loss, take profit or trailing stop on an entry. An order that asks for one is refused, not sent without it.
  • Quantities and prices must be in the pair’s steps and at or above its minimums. Anything else is refused, never rounded.
  • One Kraken connection per Cloud9Trader account.
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