We’re working hard to bring you new ways to connect and transact with crypto. Our objective? To give you the tools you need to achieve financial freedom through cryptocurrency.
Our new feature – Custom Orders – makes it easier than ever to trade crypto at the price you want, right from the Kraken app. Custom orders allow you to set a specific price for your crypto purchases, sales, or conversions.
Custom orders give you the peace of mind of knowing that your trade will be executed at the price you set. This eliminates the need to constantly monitor price movements in the market and allows you to streamline your crypto trading strategies.
Say you want to buy 0.1 BTC if the price drops to $29,000. When you create a custom order, you set a target price of $29,000 and an amount of 0.1 BTC. The trade will automatically execute once the target price is reached.
Custom commands are useful if you want to:
- Buy crypto if the price drops
- Sell your holdings when the price peaks
- Join a rally and buy crypto if it starts rising
- Set a stop loss on a position and sell half of it if the price goes down
Working in tandem with the Recurring Buy and Instant Buy features, Custom Orders give you even more flexibility to trade crypto the way you want. Since each of these features supports multiple payment methods, it’s easier than ever to fund your favorite trading strategy.
Log into the Kraken app to try custom controls today.
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Although Kraken will attempt to execute Custom Orders at the chosen price once the Custom Order is triggered, there is no guarantee that the order will be executed at the price chosen in the Custom Order and the Custom Order may not be executed immediately after the Custom Order is triggered.
