kraken-dca

LEGAL-DISCLAIMER: You run this bot completely at your own risk! I can't take any responsibility for what happens to you and all the points I make are just assumtions.

A flexible DCA executor for the cryptocurrency exchange kraken.com! In-Depth English and German videos below. Everyone of you can do this, trust me!

Please send me feedback! If this is worth something to you, feel free to throw me some Sats:

• via Bitcoin mainnet: bc1qut5yvlmr228ct3978ks4y3ar0xhr4vz8j946gv
• via Bitcoin Lightning (telegram): [email protected]

Tested currencies that work: EUR, USD, GBP, CHF. Others might work as well, but I only tested with those three. Feel free to test it with others, as the worst you can get is an error message. :)

What does it do?

It buys Bitcoin for you at every price. The more fiat money you deposit onto Kraken, the more frequent you will be buying bitcoin! This works thanks to the algorithm taking the minimum possible order size on kraken and executing it as many times as possible, so that you run out of FIAT when the next FIAT drop is supposed to happen!

At the time of writing this readme, when you deposit 1500 euro each month, you would buy bitcoin approximaltely every two hours. If you deposit 3000 Euro each month, you would buy every hour!

Example: You deposit FIAT money every month worth 0.01 BTC. The minimum order size on Kraken is 0.0001 BTC (minimum trade volume). 0.01 / 0.0001 == 100 orders over the next month. Until the next FIAT deposit, it will equally spread 100 buy orders over time. The amount of orders cannot really be absolutely esimated at the beginning, but it will be recalculated after every buy, because if the BTC price would double during that time, the amount of orders possible will obviously become half as much.

Why?

If you suck at trading, but believe in the vision of Bitcoin, then fire up this bot and chill. You will still buy the tops, but also the dips! You weaken one of your biggest enemies: Psychology!

Kraken is by far the cheapest option that I know. Kraken has one of the best prices and a very high trading volume. The fees always remain very low and withdrawals cost less than a dollar!

What are the preconditions?

The bot assumes that you deposit money once a month and if that day is a weekend (saturday or sunday), it will automatically be taken into consideration.

How can I make it run? (Extremely basic videos below if you don't understand it)

Option 1 - The "normal" way

• Create an API key in your Kraken account with ONLY the options Query Funds and Create & Modify Orders. IMPORTANT: If you want to let the bot automatically withdraw funds to your private wallet, also select the option Withdraw Funds. Selecting other choices will be a risk to your account and does not provide any advantage!

• Start the bot by opening a terminal and entereing the following into a terminal (do not write the '<>' characters):

  • Schema: KRAKEN_API_PUBLIC_KEY=<your public key> KRAKEN_API_PRIVATE_KEY=<your private key> KRAKEN_WITHDRAWAL_ADDRESS_KEY=<'description' of your withdrawal address> WITHDRAW_TARGET=<number> CURRENCY=<your currency, e.g. USD / EUR / CHF> DATE_OF_CASH_REFILL=<1 to 28> node app.js
  • Example bot start - Minimal Version: KRAKEN_API_PUBLIC_KEY=8b9j4hD7mhPVDAoDZrZ8BPsJWoBCQ0XmBMPPb4LPBDpMjpXPgD4sc+Ps KRAKEN_API_PRIVATE_KEY=Xbg0kGG1qtvCnuFu9pLSk8pnWq8xSXVo/qg9p58CVqSSWYQ=uv1gUJ7eYpf9Fp4rnpBggpm4n597FjHuHvHgSo== CURRENCY=EUR DATE_OF_CASH_REFILL=24 node app.js
  • Example bot start - 'Including Withdrawals'-Version: KRAKEN_API_PUBLIC_KEY=8b9j4hD7mhPVDAoDZrZ8BPsJWoBCQ0XmBMPPb4LPBDpMjpXPgD4sc+Ps KRAKEN_API_PRIVATE_KEY=Xbg0kGG1qtvCnuFu9pLSk8pnWq8xSXVo/qg9p58CVqSSWYQ=uv1gUJ7eYpf9Fp4rnpBggpm4n597FjHuHvHgSo== CURRENCY=USD WITHDRAW_TARGET=0.1 KRAKEN_WITHDRAWAL_ADDRESS_KEY="my ledger nano" DATE_OF_CASH_REFILL=11 node app.js
  • WINDOWS USERS BEWARE! Your command looks like this (the "&&" characters separate each command and they need to be placed WITHOUT whitespaces around): SET KRAKEN_API_PUBLIC_KEY=8b9j4hD7mhPVDAoDZrZ8BPsJWoBCQ0XmBMPPb4LPBDpMjpXPgD4sc+Ps&&SET KRAKEN_API_PRIVATE_KEY=Xbg0kGG1qtvCnuFu9pLSk8pnWq8xSXVo/qg9p58CVqSSWYQ=uv1gUJ7eYpf9Fp4rnpBggpm4n597FjHuHvHgSo==&&SET CURRENCY=USD&&SET WITHDRAW_TARGET=0.1&&SET KRAKEN_WITHDRAWAL_ADDRESS_KEY="my ledger nano"&&SET DATE_OF_CASH_REFILL=11&&node app.js

• Leave the bot running for as long as you want to keep buying. :) A buy order will instantly trigger as soon as you start the bot (if you have some money left).

Example on the full process for linux and macOS users

• Open a Terminal
• cd ~ && mkdir kraken-dca-bot && cd kraken-dca-bot ENTER
• curl https://raw.githubusercontent.com/raphaellueckl/kraken-dca/master/app.js --output app.js ENTER
• KRAKEN_API_PUBLIC_KEY=8b9j4hD7mhPVDAoDZrZ8BPsJWoBCQ0XmBMPPb4LPBDpMjpXPgD4sc+Ps KRAKEN_API_PRIVATE_KEY=Xbg0kGG1qtvCnuFu9pLSk8pnWq8xSXVo/qg9p58CVqSSWYQ=uv1gUJ7eYpf9Fp4rnpBggpm4n597FjHuHvHgSo== CURRENCY=USD WITHDRAW_TARGET=0.1 DATE_OF_CASH_REFILL=26 KRAKEN_WITHDRAWAL_ADDRESS_KEY="my ledger nano" node app.js (replace parameter values - like CURRENCY=... - with your custom data) ENTER
• DONE! If there are any errors you don't understand, update Node on your system. Node 17.8+ works fine.

Download Node here if you don't have it: https://nodejs.org/en/download/

Option 2 - The Docker Way (runs on Mac, Windows, Linux)

1. Download and install docker: https://docs.docker.com/get-docker/ (Windows users: Download and install git https://git-scm.com/downloads)
2. Clone this project: git clone https://github.com/raphaellueckl/kraken-dca.git && cd kraken-dca
3. Adapt the file docker-compose.yml: Add your kraken-keys, currency, date of cash deposit (only change the values in environment)
4. Open a terminal within that folder.
5. Run the command docker compose up -d

If you have questions, find further info below, where the parameters are explained and/or watch the videos! :)

A note on withdrawals

Adding the parameter KRAKEN_WITHDRAWAL_ADDRESS_KEY enables automated withdrawals, that will ALWAYS execute on the first day of each new month, at the time of when you started the bot. If you do not want to withdraw monthly but rather when hitting a certain target of accumulated bitcion, then you can override this behavior by also providing the WITHDRAW_TARGET parameter! So when you define a target, monthly withdrawals are automatically disabled.

Kraken does not allow withdrawals to random addresses. You have to register them here under Manage withdrawal addresses. What Kraken calls "Address description" is what you need to set as KRAKEN_WITHDRAWAL_ADDRESS_KEY.

VIDEO! - Watch my videos explaining the FULL process so that each and everyone of you can come on board!

English Version: YouTube Video

German/Deutsch Version: YouTube Video

FAQ

let's say I deposit $500 right now, and then a week or two from now decide to toss in another $100 or $200. does it adjust for that?

Yes! After every buy it checks "how much money is left", "how much time is left until the next deposit?" and when you add another 200$ you will be buying bitcoin more often (given the BTC price stays the same)!

Isn't it more expensive to buy often compared to buy once a month, fee wise?

On Kraken, no! You pay fees in percentage to the value traded (Maker-Fees). You can read it up here: https://www.kraken.com/features/fee-schedule/#kraken-pro

If my DATE_OF_CASH_REFILL is set to 26, but I decide to add some more FIAT on the 18th day of the month, will it consider that deposit too?

Yes! Like described above, it will adjust after every buy. If you deposit more cash, after the next buy order went through, it will check how much fiat is left and how many buys it can execute until the 26th. So adding more money will lead to faster (and therefore more) buy orders.

Why is the withdrawal address not variable?

Fix for that: It is, if you do it manually (restart the bot once a month, after each withdrawal, with a new address).

Answer: It's not possible because of (IMHO unnecessary) complexity and also because the privacy aspect is just made up. Kraken knows all of your withdrawal addresses and they could give the government information about it anyways. It's not that new addresses are unknown to any party, so adding this feature would only benefit the marketing of this product, but not you as a user. Using new addresses for all transactions only makes sense in a true P2P environment.

Stay up to date!

Telegram news channel for important information and changes: https://t.me/+qxmTN8rfI8FkZGU0

Also feel free to contact me on telegram: @codepleb