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KrakAPI

Latest release: 2.6.3 ( 29th June 2022 ) 🔍 Last analysed 26th October 2021 . Not a wallet
4.2 ★★★★★
533 ratings
5 thousand
9th August 2019

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Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

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The Analysis 

The app is similar to, and has the same functionality as: OgrAPI - TradeOgre No Wallet Stale!

App Description

KrakAPI allows to:

  • Check your kraken balance in one click
  • Place your buy/sell orders (limit, market, stop-loss and take-profit)
  • Trade with leverage (margin trading, open/close positions)
  • Track your kraken open/closed orders
  • Follow kraken markets in real time
  • Access data and advanced charts for each trading pair (incl. ask/bid)
  • Read news from specialized press (Bitcoin, Ethereum, Altcoin and Blockchain)

With KrakAPI you will be able to trade and monitor following coins from kraken exchange platform: Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC), Ether Classic (ETC), Gnosis (GNO), Iconomi (ICN), Augur (REP), Melon (MLN), Dogecoin (XDG), Lumen (XLM), Monero (XMR), Ripple (XRP), Zcash (ZEC), BCH, EOS, DASH, USDT, ATOM, QTUM, Tezos (XTZ), Cardano (ADA)

Available Fiat currencies : EUR/USD/GBP/CAD/JPY

KrakAPI is not an official kraken application.

The App

The app needs a Kraken API-Key and Private Key.

Verdict

This app does not have the functionality of a Bitcoin wallet.

(dg)

Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

Is it a wallet? If not, we tag it No Wallet

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.