To be eligible to set up a custom order your account must be verified to a tier that supports payments with cash: Express, Intermediate or Pro. 

You can set up a custom order with your account balance. Additional payment methods are coming soon.

The transaction fee for custom orders is displayed on the final confirmation page of order set up.

1. Open the Kraken app and navigate to the Home tab. Select an asset and tap Buy.
2. Enter an amount.
3. Change the order type to Custom.

4. Set a target price. This is the price that will trigger the execution of your order. 
   
   Please note: depending on different factors, e.g. market conditions, the actual price at which your order is executed may differ. 
   

5. Click Continue to confirm your order.

1. Open the Kraken app and navigate to the Account tab.
2. Select Recurring and Custom orders and you will see your custom orders listed.

1. Open the Kraken app and navigate to the Account tab.
2. Select Recurring and Custom orders and locate the order you would like to cancel.

3. Select Cancel custom order and confirm the action.

When creating an order you will be asked to set the target price, which can be above or below the current price. If you have no pending custom orders you will see a screen displaying the following order types:

Buy the dip: set a lower target to buy when the price falls below the current price

For example, suppose you want to buy BTC at the dip and you think the dip will be after the correction of 40%, in reference to the current price of BTC, this is when your order will be executed.

Join the rally: set a higher target to buy when the price starts to rise.

Suppose you see that ADA is ranging between 1 USD and 2 USD and anticipate that it will surpass the upper limit, you set your target price at 2.1 USD, slightly above the current price of ADA. Once the price reaches 2.1 USD your order will be executed.

Take the profit: sell when the price target is above the current price

Suppose you think that BTC will reach $100k, so you will set the sell price at $90k to take profit.

Stop the loss: sell when the price target is below the current price

For example, you bought SOL at $10 and because you want to have at least x10 return, you need to stop the loss at $100 (current price is $150 and it drops each day).

Once the target price is reached, Kraken will try to execute an order at the current price. It's important to note that the target price is not guaranteed to be the execution price.

If your custom order fails it may be due to the following reasons:

• Insufficient funds in your Kraken account balance.
• Adverse market conditions.
• System error (check status.kraken.com to see if known system issues exist).