Kriptomat’s Automatic Trading feature allows you to select a target price and specific amount to buy or sell cryptocurrencies. When the price reaches that target your trade is executed immediately, even if you are asleep, on vacation or offline.

This functionality is intended to help you achieve your investment goals.

You can set price targets to sell crypto at a profit or set a “wish list” of low prices to make purchases. An automatic sell order can limit losses in the event of a market crash.

Simply set up an Auto Buy or Sell and sit back while Kriptomat does the work for you.

Go to Kriptomat’s Official Website

The benefits of automatic buying/selling:

You will not lose opportunities to buy at sale prices.

You will minimize losses in the event of market declines.

You can make a profit by selling at high prices that can happen at any time of the day or night.

Next, we explain how to configure Automatic Trading on the Kriptomat website:

Note: We will show you how to make an Auto Buy transaction. Auto Sell transactions work the same way.
  1. Log in to your Kriptomat account.
  2. Click on the “Buy and Sell” button in the app header, then select the cryptocurrency you want to buy. A window like the one shown in the image below will appear. The default cryptocurrency is Bitcoin, but you can click on it and the cryptocurrency search menu will be displayed. We are now setting up an automatic purchase, so we will stay on the “Purchase” tab. (If you want to configure an automatic sale you must check the “Sale” tab )
  3. When you are ready to continue, display the menu and select “Buy at a certain price”
  4. Write the amount you want to spend (€50 is our example)
  5. In the “Buy at price” box, choose the value at which you want to buy the cryptocurrency you chose. You can also choose the percentage deviation from the current price. Select the “Preview Transaction” button when you wish to proceed.
  6. Now you can review the details of the order. Click the “Confirm” button when you are ready to open the order.
  7. A window will appear informing you that your transaction is pending. Please note that the transaction may be pending for days, weeks or even months. It may even never be executed if the cryptocurrency you chose never reaches the desired price. Here you can set a Price Alert or simply click on the “Close” button to close the window.

And that’s it! You have successfully set up your Auto Buy order.

Next, we explain how to cancel an automatic buy or sell order:

  1. Locate the “Open Orders” section on the right side of the Web App. You can find all open orders in the “Wallets” section and you can find cryptocurrency-specific orders on the cryptocurrency-specific page. Click on an open order to continue, a new window will appear.
  2. Here you can see all the information about the open order. Click the “Cancel Open Order” button.
  3. Click the “Confirm” button to cancel the open order.

Go to Kriptomat’s Official Website

What happens if my automatic buy order is not executed?

It is very unlikely. However, if prices change so quickly that it is impossible to execute, the order will be canceled, the funds will remain in your account, and you will receive a notification by mail.

Important notes:

You must have Euros in your account to use this feature.

Once you set up an Automatic Purchase, the funds will be reserved for this purchase and you will not be able to use them.

Due to high volatility of cryptocurrency prices, Auto Buy prices and Auto Sell proceeds may vary slightly.

Open Kriptomat’s Crypto Account