Tutorials

Kryll Quick User Guide

Immerse yourself in the fascinating world of automated trading with Kryll.io, the ultimate cryptocurrencies trading platform.
This short guide is designed to quickly introduce you to the launching of your first strategy. Let yourself be guided step by step with clear and concise examples. Once your strategy is launched Kryll will do the rest!

First of all!
Kryll doesn't have access to your cryptocurrencies. Kryll is a platform that will launch strategies to place buy/sell orders for you on the exchanges. You therefore need first of all to have an account on an exchange (Binance, Kraken, etc.) with cryptocurrencies on it.

Before continuing this tutorial you must have a Kryll account. Click here to create your Kryll account

Summary

  1. Understanding the Dashboard ------------------------------------------------------------------
  2. View your Portfolio -------------------------------------------------------------------------------
    A. Sign up on an exchange --------------------------------------------------------------------------
    B. Connecting the Kryll platform to an exchange using an Api key --------------
  3. Launch your first strategy! --------------------------------------------------------------------
    A. Define your needs --------------------------------------------------------------------------------
    B. KRL, the fuel of strategies, how does it work? ---------------------------------  
    C. Launch your trading strategy -----------------------------------------------------------------
  4. Diversifying for better assets management ---------------------------------------------------

1. Understanding the Dashboard

When you first arrive on the Kryll platform you will see a dashboard like the one below.

  1. Quick connection to an exchange so Kryll can place buy/sell orders for you (see 2-B)
  2. Real-time crypto rates (adjustable)
  3. Quick launch of the strategy editor, the rental of a ready-to-use strategy or Smart Trading
  4. This is where you will see the strategies that you will launch

Note: At no time does Kryll have the rights to withdraw your funds from your exchange, Kryll will just place the buy and sell orders for you using what is called an API key (see below)

You will have to start by connecting the platform to an exchange such as Binance, Kraken, HitBTC, etc. This is what we will see in step 2.

2. Display your portfolio

The portfolio is a representation of the cryptocurrencies that you own, these cryptocurrencies are present on the exchange on which you bought them, at no time Kryll has your funds, they always remain on the exchange.

A. Sign up for an exchange
If you have not yet purchased any cryptocurrencies you can start by opening an account at Binance by clicking HERE, which will give you a 20% discount on all your fees.

B. Connecting the Kryll platform to an exchange using an API key
In order for Kryll to be able to place trading orders (buy/sell) you need to connect the platform to an exchange such as Binance, Kraken, etc. using an API key. We have some very simple tutorials to do this, here is one for Binance : How to add your Binance API key to your Kryll.io dashboard

Note: You can connect multiple exchanges among those supported by the Kryll platform.


3. Launch your first strategy!

That's it! You are connected to your exchange, all that remains is to choose the strategy or strategies that best suit you and let the strategy work for you. You can also create a strategy from scratch but that's not the subject here, if you're interested follow this link.

A. Define your needs.
A strategy is designed to accumulate a cryptocurrency (example Bitcoin). It works on the pairs specified by the strategy creator, see the image below (suggested pairs). A pair represents 2 cryptos. Trading on a pair means buying or selling one of these two cryptocurrencies to accumulate the other.

This strategy has been designed specifically for the pairs suggested above.

Attention: If you use a strategy on a pair that is not suggested you may get bad results!

Two points to be identified:
1. On which pair I want to trade, e.g. LINK/BTC to accumulate BTC.
2. Is the strategy I have chosen recommended for this pair.

You can pick up a strategy in the MarketPlace.Select the strategy that suits you by clicking on the corresponding image.


...and click on "Pick and Use".

A window opens and asks you if you want to continue on the MarketPlace or if you want to try it out right away. Click on "Try it now"

Backtesting !
It is always better to backtest a strategy before using it. The backtest will be used to estimate the performance of the strategy in the past. Click here for a tutorial on Backtesting

B. KRL, the fuel of strategies, how does it work?
Now that your strategy is installed and you've done some backtesting, you're going to need KRL, which is the fuel of the platform, to make it work. The KRL is Kryll's cryptocurrency, you can get it on the platform with your credit card by following this tutorial or on exchanges like Liquid, HitBTC. If you already have KRL on your account then go to the next step.

C. Launch your trading strategy
It's now time to launch your trading strategy. This will appear in your "Strategies" tab.

Once the strategy has been chosen in the MarketPlace it will appear in the Strategies tab.

To launch a strategy just click on the play button on the far right (in the shape of a triangle)

After clicking play, the launch window appears.

strategy launch window
  • Instance name: Give a name to your strategy or leave the default name.
  • Exchange: Select the exchange on which you are going to launch your strategy, the most popular being Binance.
  • Pair: Choose the pair on which you want to execute the strategy. Pairs with a star indicates that they are recommended by the creator.
  • Starting wallet: This is the starting amount (or capital) with which your strategy will trade. In general it is advisable to launch a strategy with a capital of at least $150.
    In the picture below we have 2 cryptos (LINK and BTC), you can start with either one or the other or a little bit of both in general, for more information ask the creator of the strategy or see the description of the strategy.

Mode :

  • Simulation: The strategy will act like it's placing orders but it will simulate the buy/sell. This is very useful if you want to run a simulation of a few days/week for a given strategy before betting your money for real, it allows you to check the reliability of the strategy.
  • Live trading: The strategy will place buy/sell orders for you on the exchange you specified. This is the real trading mode.
  • Strategy fuel: As explained above step 3B the KRL is the fuel of the Kryll platform and therefore of your strategies. To launch a strategy you need to allocate a certain amount of KRL to it. This KRL will be consumed as the strategy is running. An estimation of the consumption is given below the meter, here 0.10 KRL / day.

Et voilĂ !
You've become a trader! Your strategy is launched, you just have to wait for it to start its first trades (buy/sell orders).

Note: A strategy can take several days or even weeks before making its first trades, so it takes a little patience.

This article is coming to an end but we strongly advise you to read this blog and join the community on TELEGRAM which will answer most of your questions.

We also invite you to download the Kryll companion app to track your strategy performance.
Android: https://play.google.com/store/apps/details?id=io.kryll.app&hl=en
iOS: https://apps.apple.com/us/app/kryll-io/id1445896905

Happy trading!

Website : https://kryll.io
Twitter : @Kryll.io
Telegram : https://t.me/kryll_io
Discord : https://discord.gg/PDcHd8K
Facebook : https://www.facebook.com/kryll.io
Support : [email protected]

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About Kryll.io

Kryll.io is your first intuitive platform to define powerful crypto trading strategies through a simple drag and drop editor.
  • Nice, France