How to automate crypto investing on Kraken? (Recurring Buy)

Setting Up Recurring Buys on Kraken

1. Log into your Kraken account using verified credentials and navigate to the Trade section from the main dashboard.

2. Select the desired trading pair, such as BTC/USD or ETH/USD, ensuring sufficient USD or stablecoin balance is available in your funding wallet.

3. Click the Recurring Buy button located beneath the order book or within the advanced order options panel.

4. Configure frequency settings—options include daily, weekly, bi-weekly, or monthly intervals—with precise start date and end date if applicable.

5. Enter the fixed fiat amount or crypto quantity you wish to purchase per cycle, then confirm the selected payment method tied to your verified bank or debit card.

Funding and Payment Method Requirements

1. Kraken mandates that users complete Identity Verification Level 2 before enabling recurring buys, including submission of government-issued ID and proof of address.

2. Only USD deposits linked to a verified U.S. bank account or eligible debit card are accepted for recurring purchases on the Kraken U.S. platform.

3. Euro and GBP accounts support recurring buys only when paired with SEPA or Faster Payments-enabled funding sources, respectively.

4. Crypto balances cannot serve as the source for recurring fiat-denominated orders; all scheduled purchases require active fiat balance replenishment prior to execution.

5. Failed executions due to insufficient funds trigger no automatic retry; users must manually adjust balance or edit schedule to prevent missed cycles.

Order Execution Mechanics

1. Each recurring buy initiates a market order at the time of execution, matching against the best available ask price on Kraken’s order book.

2. No limit price parameters can be assigned to recurring buys—this functionality remains exclusive to manual spot orders.

3. Order fills occur instantly unless liquidity is severely constrained, in which case partial fills may result without notification unless enabled in alert preferences.

4. Transaction fees apply per cycle at Kraken’s standard taker rate, calculated dynamically based on 30-day trading volume tier.

5. Executed orders appear in the Transaction History tab with timestamps aligned precisely to the scheduled interval, not market open/close windows.

Managing Active Schedules

1. Access all recurring buy configurations via the Recurring Buys Dashboard, reachable under the Funding menu or through direct navigation from Trade.

2. Edit frequency, amount, or asset pair without canceling and recreating the entire schedule—changes apply prospectively from the next cycle.

3. Pause or resume any active recurring buy with one click; paused schedules retain all original parameters and resume execution on the next scheduled date.

4. Termination requires explicit confirmation and does not retroactively refund previously executed orders or associated fees.

5. Exporting historical recurring buy data is limited to CSV download covering the last 90 days, with no API endpoint currently supporting automated retrieval of schedule metadata.

Frequently Asked Questions

Q: Can I set up recurring buys using Kraken Pro?A: No. Recurring buy functionality is only accessible through Kraken’s standard web interface and mobile app—not Kraken Pro or the API.

Q: Do recurring buys support stablecoin-to-stablecoin conversions like USDC to DAI?A: No. Kraken restricts recurring buys to fiat-to-crypto pairs only—stablecoin purchases must be initiated manually or via third-party tools outside native platform support.

Q: Is it possible to route recurring buy proceeds to a staking wallet automatically?A: No. Assets purchased via recurring buy settle exclusively into the default spot wallet; manual transfer is required before initiating staking or yield programs.

Q: What happens if a scheduled buy falls on a holiday when Kraken’s banking partners are closed?A: The buy executes normally as long as the user’s funding source remains operational; Kraken does not shift dates for banking holidays, and failed ACH transfers follow standard retry logic independent of schedule timing.