Here is how to set up Automated Trading on Kriptomat:
First, log into your Kriptomat account.
Click the "Buy" button and select the cryptocurrency you want to buy – for this example, let's use Bitcoin. You can also do the same with the selling process**;** just find your cryptocurrency**,** and click on "Sell**."**
Open the dropdown menu and select "Buy at a set price."
In the "Buy-at price" box, set your trigger conditions. You have two main options:
Set it to buy when the price drops to a specific amount, like ninety thousand dollars
Set it to trigger on percentage changes, such as when Bitcoin falls by ten percent from its current price
Once you've set that up, proceed to the amount section and type the amount you wish to buy Bitcoin for. In this case, we'll buy it for 50 EUR.
Click the button to preview the transaction to review the details, then click the confirmation button to activate your order.
Your automated buy order is now active and will execute when your specified conditions are triggered. Please note that the funds for this order will be reserved and cannot be used for other purposes until the order is executed or cancelled.
WEB: If you need to cancel your order, locate the "Auto Buy/Sell" section on the right side of the web app.
MOBILE: If you need to cancel your order, locate the "Auto Buy/Sell" section by clicking on the bottom right-most button, which will show the mobile app menu.
Click on the open order you want to cancel. A new window will pop up showing all the information about the order.
Click the "Cancel open order" button, then click "Confirm" to cancel the order. Your reserved funds will be returned to your account immediately.
That's how you can use Kriptomat's automated buy and sell feature to take advantage of market opportunities even when you're not actively watching the markets.
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Do you still have any questions? Use the support chat to contact our support team or send us an email at [email protected]