Personalize your buying and selling technique with Customized Orders « Kraken Weblog

New Options

We’re working onerous to provide you new methods to attach and transact with crypto. Our aim? To empower you with the instruments it’s worthwhile to attain monetary freedom by means of cryptocurrency.

Our latest characteristic – Customized Orders – makes it simpler than ever to commerce crypto on the worth you need, proper from the Kraken app. Customized Orders allow you to set a particular worth on your crypto purchases, gross sales, or conversions.

Customized Orders provide the peace of thoughts that comes with understanding your commerce will execute on the worth you set. This eliminates the necessity to continually monitor worth actions out there and permits you to streamline your crypto buying and selling methods.

Say you need to purchase 0.1 BTC if the worth dips to $29,000. Once you create a Customized Order, you’ll set a goal worth of $29,000 and an quantity of 0.1 BTC. The transaction will execute mechanically as soon as the goal worth is reached.

Customized Orders come in useful if you wish to:

  • Purchase crypto if the worth dips 
  • Promote your holdings when the worth hits a excessive
  • Be part of a rally and purchase crypto if it begins rising
  • Set a cease loss on a place and promote half of it if the worth dips 

Working in tandem with the Recurring Purchase and Instantaneous Purchase options, Customized Orders offer you much more flexibility to commerce crypto the way you need. As a result of every of those options assist a number of cost strategies, it’s simpler than ever to fund your most well-liked buying and selling technique.

Signal into the Kraken app to attempt Customized Orders right this moment.

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Whereas Kraken will try to fulfil Customized Orders on the chosen worth as soon as the Customized Order is triggered, there isn’t any assure that the order will execute on the worth chosen within the Customized Order and the Customized Order could not execute instantly after the Customized Order is triggered.

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