Kriptomat has introduced an important automated trading solution for registered users.
With Kriptomat’s new Automated Trading feature, you can specify a price target and amount for buying or selling crypto. When the price hits the target, your transaction is executed immediately – even if you’re offline, asleep, or unplugged from the internet enjoying a remote desert island holiday.
“This feature rates high on user wish lists,” says Kriptomat co-founder Srdjan Mahmutović. “It’s a great way to ensure you don’t miss a trading opportunity in the fast-changing world of crypto investing.”
The new feature is intended to help users meet investment goals.
Suppose, for example, that you have set a goal of earning 30 percent on your crypto portfolio. With Automated Trading, you can establish a sell order for each crypto you own. Just set up the orders so your crypto is sold when the value rises 30 percent – then relax. Kriptomat will monitor prices for you and execute the sell order you established – any time of the day or night.
Automatic buying works the same way. You may not be interested in a particular coin at today’s price of €200, but you’d snap it up eagerly if the price fell to €180. With Kriptomat’s Automated Trading feature, you can strike immediately when the price hits your target.
Or maybe you want to protect your investment by selling quickly at the first sign of a bear market. Automated Trading lets you sell your crypto automatically if the price drops as little as five percent. It’s like a canary in the coal mine, giving you a chance to sell your crypto immediately so you don’t sustain a big loss.
“Automated Trading is exactly the kind of tool that has made fortunes for professional traders at big investment firms,” Mahmutović says. “And because it’s from Kriptomat, it’s both secure and easy to use.”
Automated Trading is available immediately via the Kriptomat website and mobile app. Detailed instructions are available in the Kriptomat Help Centre.
NOTE
This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.
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