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Crypto-CurrenciesThe official cryptocurrency for trading on the Kryll.io platform is the Kryll (KRL). With the KRL, you can purchase whatever cryptocurrency you wish to purchase on the various exchanges that integrate with the trading bot.
It can be used by both amateur and expert traders alike. No special skill is needed to use the bot.
Cryptocurrency trading is quite lucrative and, at the same time, highly risky. While you may be a professional trader with years of experience, the experience could certainly fail sometimes. Humans are not entirely immune to emotions when it comes to crypto trading.
However, with the aid of robots, you can increase your chances of more profits and minimize losses. One of the trendy robots is Kryll. In this Kryll review, we shall take a look at different parameters to see how this robot can help you actualize your dreams.
Kryll is a duly registered joint-stock company in France. It has a team of tested investors and expert crypto traders. The efficiency of its bot is proven on various crypto exchanges. Kryll is easy to register with, and has one the lowest transaction fees in the industry, especially if you use the Holding Program.
The platform is relatively secure, and things are done transparently. The tools are available to both novice and professional traders. You can easily deposit and withdraw your earnings. Kryll also has a referral program that enables you to earn extra income.
Kryll was launched through an ICO on 7 February 2018 and publicly released in January 2019. Kryll has become popular since after its launch, receiving a mention from sites likeInvesting.com, Coin Telegraph, Journal Du Coin, Blockonomi.com, Conseils Crypto, and Hacker Noon.
Company RegistrationKryll.io is owned and operated by CRYPTENSE. The company is registered in the Grasse Trade and Companies Register as a simplified joint-stock company (SAS) in France, with registration number 830726790, and VAT identification number FR 25830726790. It is located at 312, Chemin du Caladou in Valbonne (06560), France. It has a share capital of 1,231.50 Euros.
Who can register?Krill is open to citizens of all countries. You only need to be 18 years and above to be eligible to use the platform. You are, however, advised to check with the regulatory authorities in your area if there are restrictions in your country.
SupportInquiries and complaints can be made through a support ticket to email@example.com Kryll has a support channel on Telegram, where updates and other information are delivered to the users. Apart from English, help is also available in the Telegram groups in Spanish (non-official) and French. You can also get other forms of support from the Kryll community, including Facebook, as well as on Twitter. Videos and other updates are also available on its Youtube channel.
VerificationTo register on the platform, go to the registration page and add your username, email, and password. You will receive an email will a verification link on it. Click on the verification link to verify your email and complete the account creation.
SecurityKryll.io does not require any special security measures as the robot connects directly to your exchanges. You are not given API withdrawal right as well, to ensure your funds are safe. However, the Kryll servers are protected DDoS attacks.
Subscriptions / TrialSubscriptions are not needed. You only need to pay for what you use. However, participating in the holding Program would reduce your expenses. Simply leave your KRLs in your account, and you will enjoy some platform advantages like cost reduction.
In the chart below, you get a transaction fee of $0.33 on a No Holding account. 5,000+ KRL holding account attracts $0.28 (you save 15%), while 20,000+ KRL is $0.21 (35% savings). If you have 50,000+ KRL, you pay $0.16 (you save 50%), while100,000+ KRL attracts $0.08 (you save 75%). Finally, 200,000+ KRL is charged $0.01 (95% savings).
Investment toolsUsing the platform is free of charge, with unlimited backtesting, except where you need to do Live Trading and Live Simulation. To be able to launch a strategy, the wallet associated with the strategy must have a minimum value of $100. Select the exchange and the pair, and enter the starting wallet.
How you can deposit the moneyTake the following steps to deposit money into your account:
- Go to your “Wallet” tab and click on “Deposit.”
- A pop-up appears with the deposit address where you should send the KRL. Check the gas price that is recommended on ETHGasStation.
- After sending, exercise patience for some minutes to allow for the confirmation of the transaction. A welcome pop-up appears once completed, and the money becomes visible in your wallet.
How you can withdraw the moneyTo withdraw your money:
- Submit a withdrawal request.
- You will then receive a confirmation email.
- Click on the confirmation link in the email you received.
- Your money would be processed.
- Track the withdrawal progress on the transaction table.
Commissions (deposit and withdraw) + time:Withdrawals can only be made once in every two business days, using a cold wallet.
TransparencyEverything is done transparently on the Kryll platform. There are no hidden fees or arbitrary deductions from your account. You only pay for what you use.
Avg. profit data & ROI, DrawdownsWhile Kryll promises to assist you in earning decent profits in your crypto trading, it must be understood that market forces fluctuate from time to time. Some Kryll users have testified to making a massive return on investment. However, there is no 100% guarantee that you will earn profits all the time.
DrawdownDrawdowns can occur, but using your risk management strategies alongside the Kryll trading bot will help mitigate the effects.
You can earn some bonuses through the Marketplace and the Publishers’ fees. As a trader, you can offer your strategy for rent on the marketplace and earn some commissions.
Any person who decides to use the strategy would incur Publisher fees in addition to the platform fees. In the details of the marketplace’s strategies, you will find the amount of the publishers’ fee under the name “dev fees.” For instance, a dev fee of 50% is equivalent to half of the platform fees also.
So, if at the end each month the strategy you rented consumes 6KRL, another 3KRL would be added automatically to compensate the publisher. Everything will now amount to 9 KRL.
Kryll allows you to refer customers to them and earn some referral commissions on the fees they pay. The referral/affiliate commissions are 20%, 25%, 30%, 35%, 40%, and 45%, depending on the amount of holding the individual has in the Holding Program.
If your referred customer has no holding, you earn 20% on his trading fees. You earn 25% on a referral with 5,000+ KRL; 30% on 20,000+KRL, 35% on 50,000+KRL, 40% on 100,000+KRL, and 45% on 200,000+ KRL.
Integration with other platformsKryll integrates with popular crypto exchanges, such as Binance, Bitstamp, Bittrex, HitBTC, Kraken, KuCoin, and Liquid, thereby allowing you to centralize your portfolio and trade with more ease.
API / script languageAdding API on various exchanges may require a slightly different procedure. For instance, if you want to trade on Kryll via your Bittrex account, you first need to link your Bittrex API key to your Kryll account. Take the following steps:
- Login to your Bittrex account and go to “Settings.” Click on the “API” tab on your dashboard. You need to enable your 2FA authentication for it to work.
- Click on “Add new key” on your API section.
- Check the “Read info,” “Trade limit,” and “Trade market” options and then “save.” Do not check the “withdraw” option.
- Enter your 2FA code and click on “confirm.”
- That successfully creates your Bittrex API key and Secret key. Try and back up the keys.
- Proceed to your Kryll.io dashboard on the “Your account” tab. Locate the “Exchange API keys” section on the right. Select “add an exchange,” and then “Bittrex.”
- Enter your API key and API key secret code. Click on “save.”
- You have now successfully added the Bittrex API key to your Kryll account. You can now start to trade on your account.
PlatformsKryll app is available on smartphones. After creating your account on the platform, you can download the app to enable you to get notifications when you have a buy or sell. With the app, you can also check your stats and manage your strategies from anywhere. Login here to download the app
Kryll has an official blog and offers tutorials to guide its users on how to use the platform and the advanced tools.