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Investing In Kryll (KRL) – Everything You Need to Know

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After more than 13 years since the launch of Bitcoin, the cryptocurrency industry is now larger than ever. True, it still suffers from a number of issues, and it is nowhere close to being regulated or entering the mainstream, but even so, it is brimming with activity. Development is advancing rapidly, prices are still offering opportunities to earn due to their volatility, and there is more projects and active trends than ever before.

All of this is attracting investors, whether they are professionals or newcomers looking for opportunities. However, the latter quickly learn what the former already know — that investing in cryptocurrencies is no joke, and that it can’t be treated like a casual hobby. Not if you wish to keep your money, and make a profit.

It requires knowledge of the market, knowledge of the people, technical knowledge, analytical skills, discipline, proficiency using various tools, and above all — it requires time in order to learn all that and figure out how to make the right moves. And, it is also not something that you can learn once and keep applying it from there on out. Instead, you need to continue monitoring the market, learning new things as the development continues, keep following the news and new events, and more.

In other words, it is incredibly time-consuming, complex, and it requires total concentration. Obviously, only a very small number of investors can dedicate themselves to the crypto industry at this level, which means that most others are doomed to make mistakes and lose their funds. But, what if it didn’t have to be that way? What if you could create automated strategies and left the software to monitor the market and make the moves on your behalf? This is exactly what Kryll (KRL) is offering.

What Problems Does Kryll (KRL) Solve?

Kryll is trying to solve a number of problems mentioned above, as well as some additional ones that we did not even brush upon in the previous segment. For example, it allows for:

Easy strategy creation

Kryll has a product that is a Drag ‘n Drop editor, which allows traders and investors to create their own trading strategies. It is extremely user-friendly, and it can be used by anyone, as it doesn’t require any coding skills or experience. Things like technical indicators, price triggers, pattern analysis tools, and more, are all included into the package and available for the software’s users immediately.

Availability

Upon creating your account on the platform, Kryll allows you to download your companion app on your phone, as well. You can then use the app to receive notifications when buy or sell actions have been executed. Your phone app will also let you manage your strategies on the go, check results at any time, and monitor all activities 24/7.

Major CEX integration

Kryll also offers access to all the best centralized exchanges — the ones that operate worldwide and have excessive liquidity, massive numbers of trading pairs, and advanced matching software for instant order fulfillment. This allows you to easily centralize your portfolio and trade effortlessly. Not only that, but it also adds new exchanges into the mix regularly, while still maintaining the high standards of who it partners with. Right now, it is integrated with Binance, Binance US, Coinbase Pro, KuCoin, Bittrex, Liquid, Kraken, HitBTC, and FTX.

Benefits of Kryll (KRL)

If you were wondering about some specific benefits that you gain access to by using Kryll, its services, and its token, here are some that you should definitely be aware of.

Free backtests

One of the biggest and most notable advantages of using Kryll is that it grants all users free backtests of their strategies. In order to actually launch a strategy, you must have at least $200 in starting wallet, and it is necessary to hold at least 25 KRL. However, for backtesting alone, everything is completely free of charge and without any constraints.

Cloud computing

Kryll’s platform runs 24/7 thanks to the fact that it is relying on cloud computing. That means that your own processing power is not being used, and you can freely turn off your computer at any time and let the platform do all the work for you. It is an ideal way to trade without having to engage in any way after you create a strategy and launch it.

Drag ‘n’ Drop

Kryll’s drag and drop feature is one of the most notable aspects of the project, as it makes creating strategies extremely simple and user-friendly. There is no need for coding knowledge, as mentioned, so even first-time user can easily find their way around and set things up. As the project itself says, your imagination is the only thing limiting you on this platform.

Making a profit

Obviously, everything that the platform has done was meant to improve the user experience and empower the traders and investors, all with the goal of allowing them to make a profit. Crypto trading is hard work, and even if you do everything right, you could still make a mistake during the trading process, whether by making an error while filling out your orders, or perhaps because you might respond emotionally to a situation, rather than logically, which has known to be the issue with many investors.

Trading bots and Kryll’s automated strategies will not do that. The software is infinitely more precise than humans when filling out orders and it is impossible for it to make a mistake there. On the other hand, it is not driven by emotions, but by data and analysis instead, so it will not take unnecessary risk and gamble your money away.

How Does Kryll (KRL) Work?

Kryll is a project that provides users with a unique platform meant to help traders bypass the common pitfalls of digital currency trading, and allow them to make profits with ease. It offers a simple-to-use software that lets you create your own custom trading strategies, which you can then put to work and have them trade on your behalf, completely automatically.

In doing so, you get a lot more free time than you would have if you trade manually. Furthermore, you eliminate the potential for human error that most traders tend to succumb to. Finally, it is all very easy to set up thanks to the project’s Drag ‘n Drop editor, which can be used by anyone, even if they don’t have any previous coding knowledge or experience.

Coding simply isn’t necessary to use it, which is what makes this product so revolutionary and advanced in comparison to anything else that you can find on the market.

How to Buy Kryll (KRL)

Kryll (KRL) is currently available for purchase on the following exchanges.

KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens.  It is often the first to offer buying opportunities for new tokens.  This exchange currently accepts International & United States residents.

Uphold – This is one of the top exchanges for United States & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.

Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.

Kryll (KRL) — The best way to create automated trading strategies

If you are interested in trading cryptocurrencies but are also intimidated by the amount of knowledge and research that is necessary in order to become good at it, then Kryll has a simple solution that allows users to create automated strategies that can be made without any technical knowledge requires.

Of course, you still need to do your research in order to become more familiar with the market and learn how to set up a custom strategy. But, trading this way brings a lot less work and stress than if you were to do it all manually, which is already a huge advantage.

Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.

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