diff --git a/freqtrade/exchange/kraken.py b/freqtrade/exchange/kraken.py
index 91b41a159..df74a762d 100644
--- a/freqtrade/exchange/kraken.py
+++ b/freqtrade/exchange/kraken.py
@@ -2,7 +2,11 @@
 import logging
 from typing import Dict
 
+import ccxt
+
+from freqtrade import OperationalException, TemporaryError
 from freqtrade.exchange import Exchange
+from freqtrade.exchange.exchange import retrier
 
 logger = logging.getLogger(__name__)
 
@@ -10,3 +14,30 @@ logger = logging.getLogger(__name__)
 class Kraken(Exchange):
 
     _params: Dict = {"trading_agreement": "agree"}
+
+    @retrier
+    def get_balances(self) -> dict:
+        if self._config['dry_run']:
+            return {}
+
+        try:
+            balances = self._api.fetch_balance()
+            # Remove additional info from ccxt results
+            balances.pop("info", None)
+            balances.pop("free", None)
+            balances.pop("total", None)
+            balances.pop("used", None)
+
+            orders = self._api.fetch_open_orders()
+            order_list = [[x["symbol"].split("/")[0 if x["side"] == "sell" else 1],
+                           x["remaining"], x["side"], x["amount"], ] for x in orders]
+            for bal in balances:
+                balances[bal]['used'] = sum(order[1] for order in order_list if order[0] == bal)
+                balances[bal]['free'] = balances[bal]['total'] - balances[bal]['used']
+
+            return balances
+        except (ccxt.NetworkError, ccxt.ExchangeError) as e:
+            raise TemporaryError(
+                f'Could not get balance due to {e.__class__.__name__}. Message: {e}') from e
+        except ccxt.BaseError as e:
+            raise OperationalException(e) from e