We’re working hard to give you new ways to connect and transact with crypto. Our goal? To empower you with the tools you need to attain financial freedom through cryptocurrency.
Our newest feature – Custom Orders – makes it easier than ever to trade crypto at the price you want, right from the Kraken app. Custom Orders let you set a specific price for your crypto purchases, sales, or conversions.
Custom Orders give you the peace of mind that comes with knowing your trade will execute 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 dips to $29,000. When you create a Custom Order, you’ll set a target price of $29,000 and an amount of 0.1 BTC. The transaction will execute automatically once the target price is reached.
Custom Orders come in handy if you want to:
- Buy crypto if the price dips
- Sell your holdings when the price hits a high
- 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 dips
Working in tandem with the Recurring Buy and Instant Buy features, Custom Orders give you even more flexibility to trade crypto how you want. Because each of these features support multiple payment methods, it’s easier than ever to fund your preferred trading strategy.
Sign into the Kraken app to try Custom Orders today.
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While Kraken will attempt to fulfil Custom Orders at the chosen price once the Custom Order is triggered, there is no guarantee that the order will execute at the price chosen in the Custom Order and the Custom Order may not execute immediately after the Custom Order is triggered.