Stacking Sats on Kraken
First off: Here's to you, Bittr – you will be missed! 😢
This script is not a full replacement for the incredible service Bittr offered, but it's a start: Automate your Stacking Sats process by regularly placing buy orders using the Kraken API.
✋ Caveat
You need to install the dependency kraken-api, which is a third-party package. It has a minimal set of dependencies and I've done my best to audit its code. Also the version is fixed, so that unwanted changes do not slip in.
However: Use this at your own risk and decide for yourself whether or not you want to run this script and its dependencies!
🔑 API Key
Obtain your Kraken API Key via the API settings page. Generate a new API key dedicated for stacking using the "Query Funds" and "Modify Orders" permissions:
📦 Setup
Prerequisite: At least the current LTS version of Node.js.
Install the dependencies:
npm install
Setup the environment variables for the script:
export KRAKEN_API_KEY="apiKeyFromTheKrakenSettings"
export KRAKEN_API_SECRET="privateKeyFromTheKrakenSettings"
export KRAKEN_API_FIAT="USD" # the governmental shitcoin you are selling
export KRAKEN_BUY_AMOUNT=21 # fiat amount you trade for the future of money
Use a dry run to test the script and see the output without placing an order:
npm test
You should see something like this sample output:
💰 Balance: 210000.00 USD / 21.0 XBT
📈 Ask: 21000.2 USD
📉 Bid: 21000.1 USD
💸 Order: buy 0.21212121 XBTUSD @ limit 21000.1
📎 Transaction ID: 2121212121
🤑 Stack sats
When you are good to go, execute this command in a regular interval:
npm run stack-sats
The best and easiest way is to wrap it all up in a shell script. This script can be triggered via cron job, e.g. weekly, daily or hourly.
Here's a sample stack-sats.sh script:
#!/bin/bash
set -e
# hide deprecation warning
export NODE_OPTIONS="--no-deprecation"
export KRAKEN_API_KEY="apiKeyFromTheKrakenSettings"
export KRAKEN_API_SECRET="privateKeyFromTheKrakenSettings"
export KRAKEN_API_FIAT="USD"
export KRAKEN_BUY_AMOUNT=21
BASE_DIR=$(cd `dirname $0` && pwd)
cd $BASE_DIR/stacking-sats-kraken
result=$(npm run stack-sats 2>&1)
echo $result
# Optional: Send yourself an email
recipient="satstacker@example.org"
echo "Subject: Sats got stacked
From: satstacker@example.org
To: $recipient $result" | /usr/sbin/sendmail $recipient
Make it executable with chmod +x stack-sats.sh and go wild.