Kryll is an online automated platform and currency (KRL) which was started in 2018 by Luca Benevolo. The aim was to help people to create their kryll trading strategies without the need for any particular skills. Users just have to connect their blocks in order to create their strategies. Word “Automated” solves many problems because Kryll does not require any management thanks to the algorithm for making everything automatic.
Kryll is not mineable and is based on the N/A algorithm and N/A coin proof type. It currently has a circulating supply of 31,638,781 coins and a total market cap of 19,581,024. Kryll ranks at position 765 of the crypto ranking list and its price currently trades around $0.61.
How Does Kryll Work?
The platform consists of 5 different parts which all together give us as a result the key for success. The first element is the strategy editor WYSWIT “What you see is what you trade”. The second element is the Marketplace where you can find all the automated strategies available to use. The next two parts are the Smart trading tool which many traders already use and the Swap tool. The last and most important tool is the Kryll mobile application.
WYSWIT
WYSWIT is the first tool you need in order to create your strategies using the most popular technic, flowcharts. There is no need to be an expert on trading strategies or even be a software developer for using this editor. All you need to do is just to place blocks by dragging and dropping them into the Kryll ecosystem and thus create your own decision flows. As you are done with the decision flows, you can make unlimited tests for free in order to be sure that your strategies are going to be profitable.
Marketplace
This is the place where users can publish their trading strategies and make them available for rent by other traders. Users who are unfamiliar with the creation of trading strategies can order one of the already existing strategies using the KRL coin. In that way, Publishers can have a passive income by just selling their knowledge. Also, renters can easily contact to publishers for further help in case they are not sure of what they are looking for.
Smart Trading tool
This is the most powerful and smart feature that Kryll has invented for the users. The Smart trading tool allows users to execute already existing trading strategies simply. How does this work? All you need to do is just place the crypto pairs you wish to exchange and the amount of money you are willing to invest. After that, you have to choose at which price you wish the system to buy for you.
Swap Tool
Kryll.io focuses on making user’s life easier. The Swap tool will help you avoid the mess with the crypto exchange process. The tool allows users to exchange their cryptocurrencies through the Kryll platform without the need to sign in in order to complete the transaction. For instance, you can exchange Bitcoin to Ethereum directly on Kryll.io platform.
Kryll Mobile Application
The last and most useful tool is the Kryll Mobile Application which is available on smartphones or tablets. Using the app you can trade or even monitor your strategies remotely through your mobile phone. Besides, you can have full access to your portfolio and receive notifications for any kind of changes.
Advantages Of Using Kryll.Io
Trading 24/7: Not all users have free time to spend on their mobile phone checking whether their investment winning or not. One major advantage is the fact that Kryll.io offers automated trading.Besides, your bot/strategy will watch the market for you 24/7. While you are working or sleeping, the system will take care of the market movement and will react without your help.
Knowledge is not required: There are always people who are new in the industry and want somehow to start investing. Kryll is the solution to the problem thanks to the already existing strategies developed by experienced traders. In that way, beginners can rely on the community of users using their strategies for learning purposes. Besides, for those who are not in the mood of creating their own strategies, there is always an option to pay and use one of the existing strategies.
Responding time: Firstly, Trading is not an easy thing to deal with. Prices are constantly fluctuating (up and down) which works positively or negatively for traders depending on the situation. Secondly, users cannot be 24/7 in front of a screen monitoring price changes like bots do. Hence, there will always be chances that you might not be able to place an order due to inactivity. Finally, Kryll will solve those problems for you as automatic trading bots will instantly react to any chances they detect without your help.
Disadvantages Of Using Kryll.Io
Using trading bots may sometimes be risky. The cryptocurrency market is unstable due to the fluctuations happening to different coins. Till now, there is no such trading strategy that will always win for you as no strategy can remain unaffected to a highly volatile market. An automated trading bot is always executing your orders as it does not recognize what is true or false. As a result, repeating the same strategy even when the momentum is inappropriate could lead to huge losses.
Kryll Token Price Prediction (2021,2022,2025)
According to the recent kryll historical data, analysts believe that the kryll token could trade at $0.40 by the end of 2021. One year later (2022), the coin could start re-gaining the lost ground moving the price above $0.49. If that happens, then the KRL currency could face a bullish cycle leading the price above $2.80 by the end of 2025.
How To Exchange Your BTC (BTC) To Kryll (KRL) Using InstaSwap?
First of all you have to choose KRL in the “You Get” section. Then, choose the method you wish to buy it with, “crypto” or “fiat”. As you are done with the first two steps, then you have to enter the Kryll wallet address you wish to receive your KRL tokens. You also have to add your refund wallet address (in case that something goes wrong) and you are almost ready to go. Fill your email and press “Continue”. You will receive a verification code at your email address in the next few seconds which you can use only once in order to complete the transaction. Press “Continue” and enjoy the process. Send your deposit to a one-time address and you shall receive your exchanged coins in the next 10 minutes.
Which products support KRL?
| Send/Receive | Trading | |
|---|---|---|
| Coinbase | ✖️ | ✖️ |
| Pro | ✔ | ✖️ |
| Wallet | ✔ | ✖️ |
What regions support KRL?
| US | NY | CAN | EU | UK | DE | SG | JP | |
|---|---|---|---|---|---|---|---|---|
| Coinbase | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ |
| Pro | ✔ | ✔ | ✔ | ✔ | ✔ | ✖️ | ✖️ | ✖️ |
| Wallet | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✖️ |
Crypto to fiat trading pairs
| US | UK | EU | |
|---|---|---|---|
| USD | ✔ | ✖️ | ✖️ |
| GBP | ✖️ | ✖️ | ✖️ |
| EUR | ✖️ | ✔ | ✔ |
Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.
Crypto to crypto trading pairs
| USDC | BTC | ETH | USDT | |
|---|---|---|---|---|
| KRL | ✖️ | ✖️ | ✖️ | ✔ |
See the full list of countries that Coinbase supports for crypto-to-crypto trading.
Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.
How many confirmations are needed for KRL?
KRL requires 35 network confirmation. Learn about transaction confirmations.
Which blockchain network hosts KRL?
KRL is hosted on Ethereum.
What are the minimum and maximum withdrawal amounts?
Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.
These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.
Minimum: 0.000000000000000001 KRL
Maximum: 534,874 KRL
By Nick Palm