Crypto is a relatively new technology that has been available for just over 10 years. Its volatile nature makes it a good choice for trading. Trading bots are designed for markets that are more established and they have just started to be applied to crypto markets in order to make even greater profits than traditional ones.
Automated solutions that execute trades even when the trader is not present could be very beneficial in terms of time, cost, and risk management. Every day more trading robots are introduced due to the many advantages they offer. Today, we will review Kryll bot which is an example of such a tool.
What is Kryll exactly?
Kryll.io offers the best platform for cryptocurrency trader looking to access the most sophisticated trading tools and strategies. It also allows them to benefit from the community’s hive mind to achieve the highest returns in cryptocurrency markets. You can create your own trading strategies using intuitive tools that can be set up to execute automatically. With the What You See is What You Trade(tm), you can create trading strategies that make use of industry’s most powerful tools. You can also safely test them using backtesting and sandboxing. Drag’n Drop allows you to create your strategy in minutes using price triggers, candlestick colors & patterns and technical indicators such as MACD or ICHIMOKU. Only your imagination is the limit! Our platform runs 24/7. Kryll takes care of everything. You can perform advanced technical analysis with Tradingview integration.
Information about Kryll and its business background
Kryll was created through an initial coin offering (ICO), in 2018. It was officially released to the public in January 2019. It’s quite an innovative platform, especially in comparison to more established trading platforms.
Due to the many benefits it offers its users, the platform gained popularity since its public release.
Kryll’s block structure, which is very similar to a block, makes trading in cryptocurrency a viable option for most traders.
The fee structure may be complicated for beginners, but it isn’t difficult to understand. You can easily get used to it by taking a moment to read the introduction. Kryllbot’s affordable prices instantly set it apart from the rest.
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78% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading forex or CFDs on margin involves a high degree of risk and may not be suitable for all investors. There is a possibility that you may suffer a loss equal to or greater than your entire investment.
CFDs are complex instruments and involve a high risk of losing money quickly because of the leverage effect. 68% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Kryll’s backtesting capabilities and social connectivity add value to its offering. This service offers a powerful offering, which has allowed it to grow rapidly.
Designer for Drag’n Drop flowchart strategy.
Drag’n Drop Editor allows users to create infinitely many strategies and then test them. This feature makes it possible to create strategies even if you don’t have any programming skills.
The strategy builder is designed around WYSIWYT (What-You-See-Is-What-You-Trade) using a flow-based technology, Using connected blocks to identify strategy elements like Price triggers, Candlestick colors and patterns, and Technical indicators.
Kryll can help you design effective strategies by providing logical operators and market indicators, value triggers as well as technical analysis, media opinion mining, and deep learning predictions.
This algorithm allows users to use a Stop Loss Take-Profit strategy that limits traders’ losses on any given coin. The stop-loss or buy/sell order is one that is placed when the stock reaches a specified price. This allows the trader to control the profit and loss they can make.
Kryll allows users the ability to simulate their strategies several times before sending them live. This is an excellent tool for beginners. It will let them know if the strategy is suitable for real trades or not. Without causing losses, users can easily see how efficient their strategies are.
Traders can join Kryll to benefit from the experience of a community of traders. They can then compare strategies and pick the best.
Kryll reviews strategy publishers to ensure they know their stuff. Before you can become a publisher, it is necessary to apply. You will need to have your past experience reviewed and your application verified. This helps to reduce the risk of misleading users by limiting bad strategies.
Earn Kryll tokens. (KRL).
KRL can be used to make an income with Kryll. It works in a way where traders can share their strategies with other members of the community and get paid in KRL.
Kryll Supported Exchanges
Kryll is supported by the major exchange platforms, such as:
Kryll has a unique pay-per use model that is unlike any other auto trading platform. Your monthly trade capital will be 1%.
Kryll connects to the user’s account via API. API withdrawal rights are not required for the platform. This ensures trader’s funds are safe on their exchanges.
Kryll recommends that users activate two-factor authentication (2FA), in order to secure their accounts. To avoid fraud, Kryll advises users to ensure that the ETH address they provide on their account is legitimate.
How to get started trading on Kryll
1. Go to the Kryll Website
2. Register for a Free Account
3. Join the exchanges to start your auto trading strategy
There are other trading platforms to look at
Quadency – Quadency provides seamless trading. Quadency’s crypto trading platform is simple to use, has strong platform security and offers a user-friendly interface.
Bitsgap- Bitsgap was founded in early 2018 as a cryptocurrency management system. It offers many services to digital asset trader. It offers services such as portfolio management, signals, demo mode and trading bots.
TradeSanta: TradeSanta is cloud-based software that automates trading strategies on multiple cryptocurrency exchanges. Even though it was first released in 2018, it did not gain much popularity until 2019.
3commas- 3Commas – 3Commas enables traders to use automated trading robots. 3Commas can be used by all traders, regardless their level of experience.
Shrimpy is a social trading platform that can be used to help balance your portfolio. It offers unique features, responsive customer support, an interactive interface, and other unique features.
Zignaly – An advanced automated crypto trading robot with social trading features. The provided signals and experts can be used to invest in crypto currency.