Kryll

INTRODUCTION TO KRYLL

Kryll is an automated crypto trading platform, which offers powerful Bitcoin robots and crypto trading bots for traders who want to experience automatic cryptocurrency trading. Kryll is an ideal service for a beginner trader or someone who would like to start crypto trading without having any skills.

To do copy trading on Kryll, one must have a free account and select the trading strategies you wish to copy to your account. Kryll has an iOS and Android mobile application to track your account in real time. The platform provides ways to create your own trading strategies that can be set to execute automatically.

The platform runs 24/7 and Tradingview integration allows a person to perform powerful technical analysis.

Traders on Kryll can follow more experienced day traders to replicate their strategies, a social aspect that allows each user to buy custom strategies, as well as offer their own strategies to be sold to monetize their experience. Before applying strategies, traders can backtest them in a live simulation environment to let them prove their grit before they are instructed to work with real money – a cost and time-saving feature.

The Kryll platform charges its traders based on their usage. The platform also uses its blockchain token that goes by the name of KRL and users holding a certain amount of KRL could get benefits on trading fees.

HISTORY AND HEADQUARTERS OF KRYLL

The Cryptense software company that provides the Kryll platform is headquartered in Nice, Région Provence-Alpes-Côte d’Azur. Kryll was launched through an initial coin offering (ICO) in 2018 and was released to the public in January 2019.

FEATURES OF KRYLL AS A TRADING PLATFORM

The Kryll platform comprises several helpful features, among which are the following:

Easy Strategies

The concept is designed around WYSIWYT(What-You-See-Is-What-You-Trade) with flow-based technology which makes the strategies simpler and helps traders maximize their gains. You can create strategies extending from basic to advanced and watch them work on your behalf while you have total control over those strategies.

Drag ‘n’ Drop Editor

The software features a drag ‘n’ drop editor with which you can pick functional blocks of strategy and create a custom strategy depending upon your trading abilities.

Comprehensive Backtesting

This is a great tool, especially for beginners, since it will show whether the strategy is good enough for actual trade or it will lead to losses.

Opportunity to Earn

Kryll allows users to generate income in the form of Kryll.IO tokens (KRL). Somebody that has created a strategy that can be effective for others, can share it amongst the user community to get paid in KRL.

Access to major exchanges

Kryll integrates the major exchanges, which will allow traders to centralize their portfolios and trade easily. Kryll offers logical operators, market indicators, value triggers, technical analysis, media opinion mining, and deep learning predictions to aid in designing effective strategies.

ADVANTAGES OF KRYLL

Kryll allows beginners and more advanced traders to create custom trading strategies via a user-friendly drag-and-drop style platform. These blocks consist of key logistical characteristics such as market signals, as well as variables that include market volume and technical analysis indicators.

Users can integrate their automated strategies into major exchanges such as Binance and Bittrex. You can also test automated strategies in a demo mode, allowing you to make tweaks before going live.

DISADVANTAGES OF KRYLL

Using trading bots may be risky. The cryptocurrency market is unstable due to the fluctuations happening to different coins.

PROS AND CONS OF KRYLL SUMMARISED

COST AND FEES OF USING KRYLL

Kryll is free to create a strategy and test it but when a trader is done testing and starts to use the strategies, they must pay a fee to proceed. Kryll requires all traders to use its KRL token since it is utilized to fuel the platform’s strategies.

Using other community members’ strategies also attracts specific fees – 1% of traded capital for a month’s use, 24 hours a day / 7 days a week.

The exchanges that trade KRL include Liquid, IDEX, MERCATOX, and Yobit.

Since the fee structure is complicated to understand, users must pay attention to this aspect before joining.

PAYMENT METHODS

The Kryll platform utilizes its own native ERC-20 token – which it calls the KRL token. Different fees are depending on the amount of KRL tokens you have in your account.

The fees charged are reasonable and would have little effect on any profits or losses a trader makes from a strategy.

SAFETY AND REGULATION

Kryll trades directly on the exchange side, making your trades and resources safe and secure.

The developers of Kryll promise that it is safe and secure to use the bot since they do not hold traders’ funds; it is secured on the exchange side.

Kryll is available as a web application, which means that traders do not have to install anything on their computers. The website is hosted on a secure server for additional security.

Kryll supports several crypto exchanges, including Binance, Bittrex, Liquid, KuCoin, Poloniex, Coinbase Pro (GDAX), HitBTC, and Bitstamp.

The platform supports all cryptocurrencies that are listed on each exchange.

HOW TO USE KRYLL AS A PLATFORM

Getting started on Kryll will take only a couple of minutes when following easy instructions to set yourself up. The extensive help section also assists users if they run into any issues.

To create an account, visit Kryll’s main page, click on ‘Free sign up,’ and submit the required information.

To integrate your exchange account with the Kryll platform, you need to obtain your unique API key which effectively gives Kryll the authority to perform automated trades on your behalf.

CUSTOMER SUPPORT

Kryll platform has a live chat option with which the user can communicate with the support team.

The company also has community and social media accounts. The communities include Kryll Community, GitHub, Bitcoin Forum, and Telegram. Social media accounts include Facebook, Twitter, YouTube, and LinkedIn.

Kryll’s customer service works with a ticketing system which is also applicable in terms of specific support issues.

EDUCATION AND TRAINING

Before starting to trade, potential Kryll clients should arm themselves with all possible information and trading skills needed to be successful in the world of cryptocurrency trading.

The platform has a frequently asked question section that answers most of the questions that users ask. A blog section on the platform is resourceful.

RESEARCH

Potential traders always need to do as much as possible research about speculative trading before commencing to do it. Successful trading relies heavily on knowledge and understanding of the markets and the platform; therefore, research options form an integral part of its features when choosing the right company to trade with.

SUMMARY

Kryll has created a unique product that basically opens the cryptocurrency day trading doors to those that have little experience in creating strategies, or those that simply do not have the time to day trade themselves.

Whether your Kryll platform strategies have any success is ultimately dependent on the specific strategy itself. If you can build a notable strategy, or you instead rent one from the Kryll Marketplace, then you have the potential to be sat in a prime position on a 24-hour basis.

If an original strategy finds a suitable trading opportunity, it can execute its strategy without you needing to be involved.

The fee structure offered by Kryll is highly reasonable. The only requirement is that you will need to ensure that you always have KRL tokens within your account, to ensure that your strategies can trade on a 24/7 basis.

Trading bots are needed to solve the challenges of manual crypto trading and despite primarily having a similar goal, these bots have different features that lead to differences in performance. One of the key bot features that attract users in this industry is simplicity and finally ease of use. Traders should be able to customize their bots with few difficulties.

If you are looking for a new crypto bot, it could be a promising idea to test Kryll through its free strategy creator and backtesting features. From there, you could decide if the platform seems good enough to be given a paid trial.

DISCLAIMER

Kryll warns potential traders that Forex and Crypto trading always carries a prominent level of risk, therefore may not be suitable for all investors.

Kryll products are complex instruments and come with a substantial risk of losing money rapidly due to leverage, thus not necessarily suitable for all types of investors.

Potential traders should consider whether they understand how these products work and whether they can afford to take the substantial risk of losing money.

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.

FAQ

What is a crypto trading bot?

Cryptocurrency trading bots are software programs that can help you automate your trading strategy and take full advantage of the crypto exchange market. Bots can carry out trading actions even while you are sleeping.

Why are crypto trading bots useful?

Crypto trading bots remove fear and emotions from the trading calculation by allowing investors to execute trades based on a predesigned strategy. Bots enable a trader to run his trading plan 24/7 so if you are a part-time cryptocurrency trader or are unable to always stay on top of the market, a bot allows you to trade efficiently without having to dedicate lots of time to market analysis.

Are trading bots legal?

Cryptocurrency trading bots are fully legal but not all brokers allow bot trading. Algorithmic trading is legal, but many people have objections to how automated trading can impact the markets. There are however no rules or laws in place that keep retail traders from making use of trading algorithms.

Are trading bots safe to use?

Kryll takes security very seriously and follows the strictest processes to assure a higher level of security by using encrypted data.

How to choose the best trading bot?

There are specific key functions to remember when choosing a cryptocurrency trading bot. You need to understand functions like reliability, security, profitability, transparency, and ease of use when researching bots, so it is important you understand exactly what each one means.

Do I need to deposit funds?

It is optional and usually depends on the service a trader wants to use.

Are there trading fees charged?

Kryll is free to create a strategy and test it. But when a trader is done testing, they are expected to use the strategies that they create and pay a fee to proceed.

What types of payment does Kryll accept?

Currently, Kryll accepts its native ERC-20 token.

Do I need to pay for the signals?

There are Free and Paid signal providers and copy traders integrated with Kryll. Some of them require an extra cost that you may pay directly to them externally or internally. This cost is not related to Kryll, who only integrates their signals and connects them with a trader’s account to manage easily.

How much profit can a trader make?

As a platform Kryll’s role is that of an intermediary, to make it easy to trade or invest for traders, but it cannot assure any profit. Profit depends on the trader’s choices and the market conditions. Crypto markets are very volatile; therefore, traders are always encouraged to only manage the funds they are willing to lose.

Is a trading bot easy to use?

Yes, if you decide to go with Profit Sharing, which is the easiest way to invest, you only need to choose a trader to invest in and allocate the desired amount. And if you need help, support is available.