Is automated cryptocurrency trading really all it’s cracked up to be? Cryptocurrency trading is a complex process for all types of traders ranging from beginners to professionals. Cryptohopper is a cryptocurrency trading robot designed to present a simplified crypto trading process for those interested in low-risk, high-reward trades. It helps every trader to grab most of the trading opportunities in a less risky manner. This Cryptohopper review will cover everything you need to know before you invest in it.
You will find various crypto trading bots online, including 3commas, Cleo-one, and many more. However, Cryptohopper is the easiest-to-use and fully-featured crypto trading bot among all its competitors. It allows its users to trade multiple cryptocurrencies most easily by removing all human weaknesses. This Cryptohopper review aims to provide an overview, pricing details, features, and advantages of this platform.
In the most simple words, Cryptohopper is a semi-automated trading bot that allows traders to trade intelligently. It uses algorithmically programmed trading approaches to maximize profits and reduce losses as much as possible. However, the platform does not guarantee profits.
Disclosure: No content in this article should be taken as financial advice. Investing can be risky, so it is recommended that you consult with your accounting, legal, and tax advisors before engaging in any kind of transaction.
Cryptohopper Key Features
| Price | Free / $19 / $49 / $99 Per Month | ||||
| Fees | $0 Trading Fees | ||||
| Exchange Support | Binance / Binance US / Coinbase Pro / Bittrex / HitBTC / OKEX / bitpanda pro / Bitfinex / Huobi / KuCoin / Kraken / Poloniex / Bitvavo | ||||
| Payment Options | PayPal / BitPay / Bank Transfer / Crypto | ||||
| Signals | Marketplace | ||||
| Strategies | 130+ Indicators & Candle Patterns | ||||
| Cloud-Based? | Yes – AWS |
Overview of Cryptohopper
According to the Cryptohopper’s About Us page, two brothers started this project after knowing the massive potential of cryptocurrencies. One of the two brothers was a successful day trader, while the other was a talented web developer. They found a way to create a trading robot that works 24/7, trades multiple cryptocurrencies, and monitors the market constantly.
They initially made it for themselves as a personal tool to trade automatically by using a trading robot built on a Raspberry Pi with a 3d printing case. Over time, the demand for this trading bot became high as their friends and friends of friends heard about it. Later on, they decided to make Cryptohopper open to the public and run their own company.
The constant efforts and innovations resulted in the creation of a hopper that contains multiple, fully customized trading strategies. The users can also back-test their strategies to get more confidence. Cryptohopper allows traders to trade on various technical indicators. They can also subscribe to a signaler to get buy signals when an opportunity arrives. Users can also check the accuracy of the provided signals daily.
The team behind Cryptohopper continuously gets feedback from the community to improve the features and services provided by this trading bot. The team aims to create a trading robot that meets every demand of the users.
According to the Cryptohopper team, they have more than 300,000 active users. This trading bot supports 75 cryptocurrencies and is compatible with thirteen leading crypto exchanges globally, including Huobi, Binance, OKEx, Poloniex, Bittrex, Coinbase Pro, Kraken, Bitfinex, KuCoin, and others. Moreover, at least 82,031,273 trades have already been opened on Cryptohopper.
Compatible Crypto Exchanges (Source: https://www.cryptohopper.com/)
Features of Cryptohopper
Cryptohopper offers a range of necessary features for every trader to stay profitable in the cryptocurrency marketplaces. The main features of this trading robot include mirror trading, paper trading, strategy designing, automatic trading, and trailing stop loss.
Cryptohopper’s Main Features (Source: https://www.cryptohopper.com/features/all-features)
The other features are categorized into the following categories:
- Automatic Trading
The automatic trading feature of Cryptohopper allows the users to trade based on 130+ indicators and candlestick patterns. Thus, it keeps them away from greedy buying and panic selling. Even complete beginners can use this feature based on its easy UI. Moreover, it has a superior coin tracking technology that works 24/7.
- The Marketplace
The Marketplace of Cryptohopper contains top traders, crypto signals, advanced strategies, configuration templates, and performance reports for all users. The users can use these products and services to maximize their profits and reduce their losses as much as possible.
- Strategy Designer
The strategy designer feature of Cryptohopper contains 30+ indicators, 90+ candlestick patterns, and a smart interaction tool. The users can easily integrate these features into their hopper to gain maximum advantages. There is no coding required for using these indicators and candlestick patterns.
- Multiple-Exchange Support
The most amazing feature of Cryptohopper is its exchange connectivity. It is extremely safe and secure to trade on different exchanges by using signals and services provided by this trading bot. Your hopper will not take even a single penny from your profit apart from the monthly fees that it takes. You can enjoy all of your profit by just paying the monthly subscription fee to your hopper.
- Paper Trading/Back Testing
By using this feature, you can perform free backtesting and historic backtesting without having any experience. Paper trading allows you to test your strategy on the live market. After getting enough confidence, you can implement a successful strategy on your actual funds.
- Mirror Trading
Users can copy the trading strategies of experienced traders. This feature can be beneficial for those who are new to the platform or less confident in creating their own strategies.
- Backtesting
With backtesting, traders can test their strategies on historical data to see how they would have performed. This allows users to refine their strategies before implementing them in the real market.
- Cloud-Based
Being a cloud-based platform, Cryptohopper operates 24/7, even when the user’s device is switched off. This ensures that the user’s trading strategies are always running and ready to execute trades based on market conditions.
- Trailing Features
The most popular feature of Cryptohopper is trailing stop-loss. You can easily track a price of an asset upwards and sell it when it makes a specific decline. You will not find this feature while using other trading bots. Similarly, you can also use trailing stop-buy and trailing stop-short features offered by this trading bot.
- Bear Market Tools
Cryptohopper offers three essential bear market tools, including Dollar Cost Averaging, Shorting, and Triggers. These tools will help you to gain profits while trading in a bear market. For example, Dollar-Cost Averaging (DCA) allows traders to mitigate any potential bags by bringing the weighted average price down.
Cryptohopper Affiliate Program
Oh boy, where do I even begin with Cryptohopper’s affiliate program? It’s like this unexpected bonus that adds even more spice to the already thrilling world of crypto trading. If you’re anything like me, you probably enjoy sharing good things with people. And when you get rewarded for it? Well, that’s just the cherry on top.
So here’s how it works. Once you sign up for the affiliate program, you get your own unique referral link. And every time someone signs up through your link and becomes a paying user, voila, you earn a commission! It’s as simple as that.
Now, I won’t lie to you, the percentage you earn can vary depending on the type of subscription the referred user chooses. But hey, it’s a bonus on top of the fun and potential profit from trading, so I’m certainly not complaining!
What I absolutely love about the program is how it fosters this sense of community. I mean, we’re all in this together, right? We’re all trying to navigate the thrilling seas of crypto trading, and this program just adds another layer to that shared experience.
Plus, Cryptohopper doesn’t just leave you to it. They provide you with a range of marketing materials to help you promote your referral link. So, even if you’re new to the whole affiliate thing, you’re not alone. They’ve got your back.
Of course, it’s not all rainbows and unicorns. There are rules to follow, like not spamming your link everywhere (which is just good manners, really). And sometimes, it takes a little while for your commission to be approved. But as long as you’re patient and respectful, it’s a great experience overall.
Cryptohopper Customer Support
Now, let’s talk about a part of Cryptohopper that’s incredibly close to my heart – their customer support. I truly believe that no matter how cool a service or a product is, it’s the people behind it that make all the difference. And folks, the team at Cryptohopper is absolutely phenomenal.
First things first, getting in touch with them is a breeze. They’re right there for you, whether you prefer to shoot them an email, send them a message via live chat, or raise a ticket. I’ve personally reached out a few times and, let me tell you, the speed at which they responded was nothing short of impressive.
But it’s not just about speed, is it? It’s about feeling heard and getting the help you need. And that’s where Cryptohopper’s extensive knowledge base comes into play. It’s like a treasure trove of information with tutorials, articles, and guides on everything you could possibly need. It’s been a lifesaver for me, especially when I was a newbie trying to figure out the ins and outs of crypto trading.
And there’s more! Cryptohopper’s got a vibrant community of users who are just as eager to help out as the official team. It’s fantastic to see traders exchanging ideas, discussing strategies, and solving problems together on the community forum. It’s this feeling of togetherness that really makes you feel like you’re part of something special.
Now, it wouldn’t be a fair review if I didn’t mention the bumps along the road. There have been times when I wished the follow-ups on more complex issues were quicker. Don’t get me wrong, they always come through, but it can take a bit more time when the problems get trickier.
All in all, my experience with Cryptohopper’s customer support has been overwhelmingly positive. They’re accessible, helpful, and always striving to provide a supportive environment for users like you and me. Yes, there are areas where they could improve, but when I look at the bigger picture, I see a team that’s truly committed to empowering us in our crypto trading journey.
Cryptohopper’s Security
We all know that in the world of crypto trading, security is a topic that’s as important as it gets. We’re talking about our hard-earned money here, after all. And I’m pleased to tell you that when it comes to keeping our investments safe, Cryptohopper doesn’t play around.
No Access to Your Funds
First off, let’s make one thing crystal clear – Cryptohopper does not have access to your funds. Yup, you read that right. It’s like your own personal assistant that helps you manage your trades, but without the ability to touch your money. The platform performs actions on your behalf directly on the exchange where your funds are stored, and you can stop it any time you want. This, my friends, is a massive win in the security department.
Two-Factor Authentication
But the folks at Cryptohopper didn’t stop there. They went the extra mile and implemented two-factor authentication (2FA) to make sure that you are the only one who can access your account. It’s an extra layer of protection that keeps your account locked even if someone, heaven forbid, gets a hold of your password.
Encrypted Communication
And did I mention that the platform’s website is fully encrypted? That means all the data sent between your browser and Cryptohopper is kept private and secure. So, whether you’re checking your balance or tweaking your trading strategies, you can do so with the peace of mind that your information is safe.
Responsive Support Team
Of course, security isn’t just about the technical stuff. It’s also about having a responsive team that you can reach out to if things go south. And in my experience, Cryptohopper’s support team is as attentive and reliable as they come.
Pricing Details of Cryptohopper
Cryptohopper offers various options to users in terms of pricing. There are four different subscription options for every trader, including Pioneer, Explorer, Adventurer, and Hero. All of these options have various benefits that will be discussed in this section of the Cryptohopper review.
The Pioneer package is free of cost with 20 positions, portfolio management, manual trading, and compatibility to all exchanges.
The Explorer package costs $19/month with a 7-day free trial. It contains various important features, including 80 positions, a maximum of 15 selected coins, a max of 2 triggers, a TA with 10 min intervals, and one simulated trading bot. You can save some bucks if you subscribe to the yearly package. The yearly subscription costs $16.58 per month.
Adventurer, the trader plus package, costs $49/month. The subscribers get amazing features under this package, including 200 positions, a maximum of 50 selected coins, a max of 5 triggers, a TA with 5 min intervals, one simulated trading bot, and exchange arbitrage. If you subscribe to this package on a yearly basis, then it will cost $41.58 per month.
Hero, the pro trader package, costs $99/month. It provides incredible benefits to the subscribers, including 500 positions, maximum of 75 selected coins, a max of 10 triggers, TA with 2 min intervals, all coins for signals, market arbitrage, market making, and algorithm intelligence. The yearly subscription reduces the monthly cost to $83.25 per month.
Cryptohopper accepts payments from various sources, including PayPal, Bitpay, Bitcoin, Monero, Litecoin, bank transfer, and other options available in the below picture.
Conclusion
Cryptohopper is undoubtedly a useful cryptocurrency trading robot for new and experienced traders. It is a simple, cost-effective, and efficient trading bot trusted by thousands of traders worldwide. The company behind this platform is based in the Netherlands. The project aims to increase the profits and reduce the losses of the traders as much as possible. Users can easily subscribe to a plan of their choice to start getting benefits and profits straightaway. Apart from profits, it is a massive platform for learning how to trade cryptocurrencies.
In short, it does not guarantee profits, but it has provided profits to thousands of people in the past. It is also a platform for those who know nothing about trading. They can buy signals, templates, and strategies from the Cryptohopper marketplace to start improving their capital with substantial profits. Hopefully, this Cryptohopper review gave you a comprehensive review of this leading cryptocurrency trading robot.
Frequently Asked Questions
What is Cryptohopper Marketplace?
Cryptohopper Marketplace has a lot of offers for new and experienced traders. It is a great opening for new traders to get into automated trading by using the trading signals, templates, and strategies offered by its sellers. This marketplace has been categorized into templates, strategies, signals, and apps.
A template is known as the base configuration of Cryptohopper’s automated trading. New users can do this configuration themselves or use a preconfigured base config. Each template has its own settings in terms of buying, selling, and strategizing cryptocurrencies. In addition, new users will find a lot of templates here offered by experienced sellers.
A strategy combines various indicators and candlestick patterns to depict the right buying and selling moments of an automated trading bot. You can either configure your own strategy or buy a preconfigured strategy. Here, you will see a lot of strategies available on this marketplace offered by experienced sellers. We advise that you contact a seller about the indicators and candlestick patterns used in its strategy before buying it. Moreover, you should backtest a strategy before purchasing it for your own satisfaction.
You have already heard about mirror trading, copy trading, or social trading. These are all the names of the same process. Signals allow traders to copy professional traders in terms of buying and selling cryptocurrencies on their own account. Cryptohopper Marketplace contains various offers for new and experienced traders where they can get free or paid signals from a signaler. You should read the description, signal performance, and profit rate of a signaler before accepting its offer.
Along with these features, you will find many apps there that will surely help you as a trader. The best apps currently available on the marketplace are Autosync, Changelly, Cryptohopper app, CryptoTweeter, Liquid Pay, Telegram Bot, and others.
Is Cryptohopper Legit?
Cryptohopper has an active social media presence as thousands of people follow it regularly on Facebook, Instagram, YouTube, Medium, and Twitter. You will find a lot of reviews and feedback about the trustworthiness of this platform on social media. You can also connect with past and current active users of this platform on social media. Moreover, you can read the Reddit posts about it to learn more.
The information about the person behind this project is currently unavailable. However, the company behind this project is registered in the Netherlands as Cryptohopper BV. As far as the working principle of a trading bot is concerned, you have to provide an API to the trading bot to link it with your account on an exchange. You allow the bot to get restricted access to your account in the form of this API. The bot does not execute any withdrawals or deposits but only executes trades. You are advised to use two-factor authentication to keep your account safe from hackers and data breaches. As far as the number of Cryptohopper users is concerned, it is a safe platform as it has attracted over 300,000 users so far.
Is Cryptohopper Good for Newbies?
Cryptohopper has several features that are specially designed for newbies. However, most of the trading bots are designed for experienced traders. It contains various tutorials, documentation, and an academy to help and educate new traders. The new users can also take help from the Telegram and other social media channels of this trading bot. You can also become a member of the Cryptohopper forum available in various, most-used languages across the world.
The simplicity of the platform is another plus for the newbies. This trading bot does not require any programming knowledge or advanced technical awareness to operate. It allows the users to backtest and practice their strategies and configurations before using them in reality. It also provides clear insights about the past performance of the strategies, templates, automated trading, and signals used by the users.
Moreover, the new traders can buy signals, strategies, and templates from the Cryptohopper marketplace. They can easily find various affordable offers there with the past performance and reviews of the sellers. They should accept an offer after carefully reviewing the services offered by an experienced seller. All of these features are extremely helpful for new users to start making profits straight away.
Is Cryptohopper Profitable?
Yes, Cryptohopper can be very profitable. Users can earn around 1% profit per trade depending on the automation signals and strategies set up.