How to connect ChatGPT to Kraken

With TraderWAI, ChatGPT can read live charts, check your Kraken account and prepare orders with stop loss and take profit that you approve. It takes about 2 minutes and you don't need to install anything on your computer.

Kraken: Long-standing crypto exchange, reference in the US and Europe, with spot and futures.

Step 1: add TraderWAI to ChatGPT

Works on every ChatGPT plan, including Free. Add it from chatgpt.com in your browser (easiest on a computer).

Open chatgpt.com/plugins (left menu → «Plugins»).
Click «Add» (top right) → «Add custom MCP server».
Name: TraderWAI. Server URL: https://mcp.traderwai.com. Authentication: OAuth (leave the advanced settings as they are).
Tick «I understand and want to continue» and click «Create as plugin».
Click «Connect TraderWAI», sign in with Google (the same account) and accept.
In any chat, type @ and pick TraderWAI, or just ask: «Show me the EURUSD H1 chart». ChatGPT asks you to confirm before placing orders.

Step 2: connect your Kraken account

In TraderWAI go to Settings → Broker accounts → Add account and choose Kraken.

In Kraken go to Settings → Connections & API → Spot trading API → Create API key, with «Query funds», query open and closed orders, «Create & modify orders» and «Cancel & close orders» (never deposits or withdrawals), and paste the API key and the private key. Spot only, on live accounts: Kraken has no demo (beta).

Kraken works on the free plan: unlimited charts and analysis, and 5 order executions per day.

Step 3: ask ChatGPT

Open a new chat and try, for example:

«Show me the BTC/USDT 4H chart and the key support and resistance levels.»
«What is my balance and which positions do I have open?»
«If Bitcoin closes an H1 candle above yesterday's high, prepare a buy with the stop below that candle.»

What ChatGPT can do with your Kraken account

Read live charts in any timeframe, with the indicators you ask for.
Check your balance, open positions and pending orders.
Backtest a strategy idea on historical data before risking anything.
Prepare market, limit and stop orders with stop loss and take profit that you approve.
Leave conditional orders that TraderWAI watches every minute.
Respect your risk limits: maximum daily loss and drawdown, risk per trade, size and number of trades.

Questions

Is it free to connect ChatGPT to Kraken?

Yes. The free plan includes unlimited charts and analysis and 5 order executions per day.

Does ChatGPT place orders on its own?

Only if you want it to. By default every order needs your approval. You can also allow automatic execution for specific symbols, always within the risk limits you set.

Is my Kraken account safe?

Your credentials are encrypted (AES-256) and the key is kept on a separate server. TraderWAI only acts on your account as you instruct and never requests withdrawal permissions.

Does it work with demo accounts?

Not with TraderWAI: Kraken's API only allows live accounts (its demo exists only on its own website and app). You can start with a small balance; your risk limits are checked before every order.

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Related guides

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ChatGPT with other platforms

Trading involves risk. TraderWAI is a technology tool: it does not provide investment advice and AI analysis is not a recommendation; you decide every order.