Kryll (KRL) is a utility token used within the Kryll.io platform, a cryptocurrency trading bot that allows users to design and create their own automatic trading strategies. It operates on the Ethereum blockchain and is used to facilitate transactions and interactions within the platform.
The Kryll (KRL) token is a utility token used within the Kryll.io platform, a cryptocurrency trading bot that allows users to design and create their own automatic trading strategies. The token is required for various activities on the platform, including:
- Platform Fees: KRL is used to pay fees for using automated strategies on the platform.
- Holding Program: KRL is needed to unlock different levels of the Holding Program, which provides a reduction in platform fees.
In essence, KRL is essential for utilizing the features and services offered by Kryll.io, such as creating and executing trading strategies, accessing advanced AI tools, and managing crypto portfolios.
To store Kryll (KRL) tokens, you can use a personal wallet. Kryll employs a non-custodial holding mechanism, which means that users hold their KRL tokens in their own wallets. This approach fosters decentralization, trust, and user empowerment within the ecosystem. Additionally, Kryll uses a cold-storage system, ensuring the safest existing solution for token storage.
To buy Kryll (KRL) tokens, you can follow these steps:
Using Swipelux on Kryll.io:
- Log in to the Kryll platform.
- Click on the "KRL Wallet" tab.
- Use Swipelux to buy KRL by credit card. This method directly credits your Kryll account.
Using Coinbase:
- Log in to your Coinbase account.
- Click on the "Buy/Sell" button.
- Choose KRL from the list of tokens.
- Add a payment method (Visa or Mastercard).
- Enter the amount you wish to exchange for KRL and complete the purchase. You will need to manually transfer the KRL to your Kryll account.
Using Indacoin:
- Log in to your Kryll account.
- Use Indacoin to buy KRL by credit card directly from the "Wallet KRL" tab.
Using Decentralized Exchanges (DEXs):
- Download and set up a crypto wallet like Trust Wallet.
- Buy Ethereum as your base currency.
- Send Ethereum from your exchange to your crypto wallet.
- Choose a DEX that supports your wallet, such as 1inch.
- Connect your wallet to the DEX.
- Trade your Ethereum for KRL.
Using Centralized Exchanges:
- KRL is available for trading on several exchanges, including Coinbase, KuCoin, Bybit, Gate.io, Crypto.com, CoinEx, LATOKEN, and Changelly. You can buy KRL on these exchanges and then transfer it to your Kryll account.
Remember to follow the specific instructions for each method and ensure you understand the associated risks and fees.