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Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more
Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more
Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.
Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.
Kraken restricts clients from filling their own orders (simultaneously being the maker and taker for the same trade). This prevents wash trading, which is a form of market manipulation in which a trader simultaneously buys and sells the same financial instrument to create misleading, artificial activity in the market.
It is possible to place a self matching orders successfully (valid order IDs would be returned), but the taker order would be immediately cancelled. The specific order flow that occurs when two orders from the same account would match is as follows:
If two orders of the same quantity would result in self-execution, the maker (limit) order would stay on the order book and the taker (market) order would be cancelled (regardless of the size of the order).
In the case that an order can be partially filled from the order book, the remaining volume that would result in a self match would be cancelled.
If there are two resting orders, the first would have time priority and the second might cancel along with any remaining volume from the third aggressing order.
Within account management, an order that has been cancelled due to the self trading prevention would show a status of "Canceled" with the reason "Cannot trade with self":

The following is an example of the order flow and resulting order status via the Kraken REST API. The API calls place a buy limit order at the top of the XDGUSD order book, immediately followed by a sell market order for XDGUSD, resulting in the market order being automatically cancelled due to the self trading restriction:
$ ./krakenapi AddOrder pair=xdgusd type=buy ordertype=limit price=0.002449 volume=5000 {"error":[],"result":{"descr":{"order":"buy 5000.00000000 XDGUSD @ limit 0.0024490"},"txid":["OQMVWA-LSE57-4LPF45"]}}
$ ./krakenapi AddOrder pair=xdgusd type=sell ordertype=market volume=5000 {"error":[],"result":{"descr":{"order":"sell 5000.00000000 XDGUSD @ market"},"txid":["OSLIEB-IQBNV-K7P5ET"]}}
$ ./krakenapi QueryOrders txid=OSLIEB-IQBNV-K7P5ET {"error":[],"result":{"OSLIEB-IQBNV-K7P5ET":{"refid":null,"userref":0,"status":"canceled","reason":"Cannot trade with self","opentm":1588683502.71,"closetm":1588683502.7117,"starttm":0,"expiretm":0,"descr":{"pair":"XDGUSD","type":"sell","ordertype":"market","price":"0","price2":"0","leverage":"none","order":"sell 5000.00000000 XDGUSD @ market","close":""},"vol":"5000.00000000","vol_exec":"0.00000000","cost":"0.000000000","fee":"0.000000000","price":"0.000000000","stopprice":"0.000000000","limitprice":"0.000000000","misc":"","oflags":"fciq"}}}
Full details of the order information fields/values are available via the QueryOrders and ClosedOrders documentation.
The decimal and thousands separators shown in this article may differ from the formats displayed on our trading platforms. Review our article on how we use points and commas for more information.