Kryll Trading Bot Review 2022: Complete Guide for Beginners

Kryll, the first user-friendly flow-based platform for creating automated trading strategies, holds some of the greatest algorithmic crypto trading bots.

This Kryll trading bot review is not intended to serve as investment advice or as a substitute for counsel from a licensed financial adviser; rather, it explains the ideal platform for cryptocurrency traders, the most effective trading tools, and automated trading strategies to maximize their profits in the cryptocurrency markets.

Your trading strategies can be created and set up to execute automatically. Utilizing the most advanced trading tools available, you may safely test the automated trading strategies created using backtesting and sandboxing using strategy elements and technical indicators. Kryll integrates several crypto exchanges; let’s look at the platform’s overview.

Kryll Overview 

Official Website https://www.kryll.io/
Established 2018
Available Payment Options Credit or Debit card, Crypto and more
Cloud Based Yes
Supported Exchange Bitfinex, Binance, Poloniex, Cryptopia, FTX, Bitstamp, Kraken and more
Mobile Support Android and iOS
Plans and Pricing Holding Program:
No Holding
5000+KRL
20,000+KRL
50,000+KRL
1,00,000+KRL
2,00,000+KRL
Free Trial Yes
Academy Program No
Affiliate Program Yes
Customer Support 24*7 Live chat, FAQs, Social Media and Email Support

How Does Kryll Work?

The Blockchain company Cryptense S.A.S., situated in Sophia Antipolis’ European Technology Park in the south of France, is responsible for the Kryll project. Users of the Kryll platform, whether professional traders or novice investors looking to gain from virtual currencies, may now easily access cryptocurrency.

ProfitTrailer Platform Overview

For consumers to better comprehend how the strategy-building process works, we will describe it in greater depth. It’s also crucial to remember that to integrate your trader exchange account with the Kryll platform and grant permission to perform automated trades on your behalf; you’ll need to receive your API keys. Your data is kept secure because the platform does not have access to your exchange login credentials.

Kryll’s Key Features

Drag and Drop Flowchart:

Users can develop numerous tactics along with their own trading strategies and test them using the drag-and-drop editor. Users that lack coding skills can create their trading strategies using this functionality.

The strategy builder uses connected blocks to identify strategy components such as price triggers, candlestick colors and patterns, and technical indicators.

Every respective strategy is built around the concept of WYSIWYT (What-You-See-Is-What-You-Trade). This app provides logical operators, market indicators, value triggers, powerful technical analysis, media opinion mining, and deep learning predictions.

Since the crypto trading bots continuously execute deals on their behalf throughout the day, after your tools have proven their value, you can set them up to live-trade on your behalf.

Smart Trading: 

This algorithm’s stop-loss and take-profit techniques enable users to cap their losses and maximize profits while trading a certain currency. An order to buy or sell a stock at a certain price is a stop-loss order. As a result, the greatest profit or loss may be made at the trader’s discretion.

Pros and Cons: Kryll Trading Bot Review

Pros Cons
Simple, straightforward, easy. Fewer exchanges are supported than on other sites.
Supports major exchanges. Complicated pricing structure.
Availability of mobile apps (Android and iOS). All traders must utilize Kryll’s KRL token.
A demo (free trial) option exists. The market is too unstable to guarantee success consistently.
Usage of robust strategies. A trader is charged for each usage.
Reasonable fee structure.
Multiple Exchange Support.
Easy interface for bitcoin trading.
Easy to use as a new user.
Low fee structure.
Substantial help section.
Strong user community.
An excellent team supporting the project.
Unlimited free backtesting.
TradingView Integration.
Efficient strategy editor.

Products Offered by Kryll

Kryll, being the best crypto trading bot, offers powerful services and aims to enable users to construct their automated cryptocurrency trading strategies and set them up to run automatically. Utilizing the most potent tools available in the market and safely testing them with sandboxing and comprehensive backtesting, the Kryll team, offers straightforward yet powerful crypto trading strategies.

One is Kryll, a cryptocurrency trading robot that enables users to create their auto trading techniques and several bitcoin exchanges. As a result, the process is not only an automated strategy but also personalized.

The market capitalization of the cryptocurrency sector is expected to be around $430 billion in global infrastructure. Products offered are reviewed here in more detail.

Powerful Strategy Editor

Through a straightforward Drag’n Drop interface, create a trading algorithm. Whether the plan is straightforward or complicated, create it. You don’t need to know how to code.

Advanced and Complete Tool

Kryll is community-driven as an ultimate copy trading platform, with some of the greatest crypto bots trading available.

Pricing Plan

You are not required to pay a subscription fee to use the Kryll. You only pay for the selected trading strategies you employ on it. On the other hand, backtesting is free.

This platform may freely test any automated trading technique available on the strategy marketplace. Most users are prevented from using the platform since KRL is only accessible on a few niche exchanges that are less well-known (Liquid, IDEX, MERCATOX, and Yobit).

If someone chooses to rent a trading strategy that another user has published, they may be required to pay provider fees in the form of Kryll tokens, which vary depending on the strategy by strategy basis. Starting price is 1% of traded capital per month.

Holding Program

Hold KRLs on your account to take advantage of platform advantages like cost savings. KRLs are not blocked; you are always free to withdraw them. As described below, this auto trading program offers various account types or programs that need to accommodate many traders.

A list of advantages broken down by holding level is provided below. All levels are eligible for a free backtest. Starting price is 1% of traded capital per month.

ProfitTrailer Pricing Plans

No Holding

As freshers, each trader begins with a KRL account balance of 0.15 trading slots, a 10% commission on the referral program, and a $0.06 livetest cost are all included in this account.

5000+ KRL

Additional benefits and privileges, such as a 15% fee reduction, a 20% referral program commission, $0.05 daily livetest charges, and 40 top trading bots, are yours when you deposit 5,000 KRL.

20,000+ KRL

This substantial gift offers crypto traders 50 trading slots, a 35% fee reduction, a 30% referral program commission, enhanced backtest speed, and $0.04 per day in livetest costs.

50,000+ KRL

Increased backtest speed, a 50% fee reduction, a 35% referral program commission, $0.03 daily livetest charges, and 60 trading bots are all features of this premium account type.

100,000+ KRL

The most expensive account type comes with 70 trading bots, a $0.02 daily livetest charge, a 75% fee reduction, priority backtest speed, 40% referral program commission and priority backtesting.

200,000+ KRL

This last plan offers new and experienced traders 99 trading bots, a 95% fee reduction, a 45% referral program commission, enhanced backtest speed, and free backtesting.

Marketplace: Kryll Trading Bot Review

For people who want to test out automatic cryptocurrency trading but are not yet ready to do so by themselves, the Kryll Marketplace is ideal. Strategy marketplace traders can rent their trading strategies on the market trends and make commissions. Those who want to employ these tactics using their own strategies pay fees such as publisher fees that are added to platform fees.

ProfitTrailer Marketplace

The strategy’s specifications include publisher payments under the heading “dev fees.” For instance, a 50% dev fee equates to 50% of the platform’s total fees. Dev fees can never go above 100%. Navigate the market, create trading strategies, and implement them in live trading or paper trading (simulation).

KRL Token

The Kryll team is excited to introduce “The Swap,” a new mobile feature that allows users to directly swap any token using the mobile app, thanks to its easy and free functionality.

  1. To use Kryll.io, the user needs to purchase KRL (Swap, Trading Terminal, Marketplace…).
  2. The KRL used on the platform is used to pay for the various platform operating expenses.
  3. When renting a strategy from the Marketplace, the creator of the strategy will receive a portion of the KRL used.
  4. It provides the liquidity provider with KRL in exchange for a payment in fiat or cryptocurrency.

Download Application

Kryll offers an app, a web application; therefore, a device does not require any download or installation. For an additional layer of security, the website is hosted on a secure server. With a brand-new graphical user interface, the new Kryll.io app is even simpler to use than before.

The new mobile app allows you to check your strategies, results, and history anywhere. You may check the status of your portfolio and receive notifications whenever a buy or sell order is placed.

All the assets from the various exchanges linked to the user’s Kryll.io account will be available for inspection. To enjoy the most recent features, don’t forget to upgrade your outdated version.

Kryll Referral Program

ProfitTrailer Referral Program

The Blockchain company Cryptense S.A.S., situated in Sophia Antipolis’ European Technology Park in the south of France, is responsible for the Kryll project. You can enroll in Kryll’s referral program by visiting the “Referral” section. You can use such resources to advertise the program using your affiliate links.

Referral URL: To be monitored, your affiliates must join using this link, which you must publish.

Custom URL link: To make it simpler for people to remember, you can modify your referral link. For example, the URL would be https://platform.kryll.io/r/paulkryll. The previous custom links will continue functioning even after you update this link five times.

Referral commission percentage: This is the percentage of fees your affiliates will pay to use the platform on which you will be paid a commission. This percentage might fluctuate between 20% and 45%. Depending on your KRL holding programme tier right now.

Bonus for your affiliates: If they sign up using your link, your affiliates will get a 30% discount on the platform price for 15 days.

Your Commission: Total commissions generated by your affiliates, automatically credited to your user account, constitute your commission (in KRL).

Promotional tools: By providing banners for your website, forum signatures, and even a PSD file (photoshop, Gimp) to develop your advertising tools, Kryll will help you promote the platform.

The Kryll companion app allows you to share screenshots of strategies. It will automatically add your affiliate link, and you can share your screenshot on several other sites, including Twitter, Telegram, Whatsapp, and others. Use the share icon in the application’s upper right corner to share a strategy. Afterward, decide which application you want to share your strategies and your referral link.

Kryll Reviews for Customer Support

It is important to reassure potential users that their chosen platform can provide essential assistance and awesome support anytime they need it. When selecting a platform, the simplicity with which one may access such a support team.

The Kryll platform supports a live chat feature that lets users interact with the support staff. Additionally, Kryll supports the business with social media and community accounts. The communities include Telegram, GitHub, the Kryll Community, and the Bitcoin Forum. LinkedIn, YouTube, Facebook, and Twitter are all examples of social media platforms. The customer support service uses a ticketing system, and they can use it to track down specific support issues.

Conclusion to Kryll Trading Bot Review

Kryll is an effective trading bot overall with straightforward functionality. However, a convoluted price structure and the absence of a free trial for full Kryll’s services may cause many crypto traders to consider it a backup option. Kryll is one of many bots that run around the clock to provide real-time responses to price movements in the cryptocurrency market. They are, therefore, perfect for smoothly carrying out the intended transaction.

Kryll has succeeded in addressing the main necessity of the traders in the cryptocurrency market in this regard with its drag-and-drop editing tool. Kryll, like other established trading bots, does not specify the profitability margin for its operations. Due to this, automated trading service is typically implemented, which shields them from liability. The simple line is that bitcoin trading is a completely new world, and bots are likely its future.

FAQs

Is Kryll Legit?

The platform does not require permits for public API withdrawals, ensuring that the fresh traders’ funds are safe in multiple exchanges. One should implement two-factor authentication (2FA) as a trader to protect their accounts. Kryll regularly undertakes audits to make sure the platform is completely safe. Thereby, the data remains secure. The company advises clients to confirm that the ETH address listed on their account is valid to prevent fraudulent behavior.

What Is the Purpose of the Kryll token(KRL)?

On a “pay for what you use” basis, KRLs are spent on the site to power live trading techniques. The platform will not impose additional costs, including subscription fees, secret fees, or commissions on trades.

How To Use Kryll?

The platform is available around-the-clock, and Tradingview integration enables someone to conduct effective technical analysis focusing on customer convenience. To use,

  • Set up a Kryll account.
  • Possess a funded account on Liquid, Binance, or Bittrex.
  • Set up the exchange you’ll use in Kryll and enable API access there.
  • You can deposit KRL straight into your Kryll account or buy KRL with other cryptocurrencies to fund your account.

Is Kryll Trustworthy?

To secure their respective exchange account, Kryll also suggests that customers enable two-factor authentication (2FA).

Is a Separate Account Needed in Exchange for Using Kryll Strategies?

If you do a lot of manual trades, it is advised to utilize a dedicated user exchange account to use Kryll (or any other bots or automated service in general). Kryll can manage your strategies’ funds, but if a manual trade is executed on the side, your user strategy may collapse due to an “insufficient funds” issue.

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