Pricing
- Pioneer: Free
- Explorer: $19/Month (Try 7 days for free)
- Adventurer: $49/Month
- Hero: $99/Month
Supported Exchanges
10+
Supported Cryptocurrencies
75
Platform
Web, App
Education
Yes
https://cryptohopper.teachable.com
Customer Service
Email, Live chat
Pros
- 24/7 cloud-based trading bot.
- An excellent introduction to crypto trading bots.
- Simple to set up for new users
- Compatibility with a wide range of crypto exchanges
Cons
- Pay for additional signals
- No phone customer service
CryptoHopper Review
CryptoHopper is a cryptocurrency trading bot that can carry out transactions on your behalf around the clock, even while you are not physically present in front of a computer. There are several cryptocurrency trading robots available, but CryptoHopper is among the most well-known. CryptoHopper is an attractive automated trading bot because of its many features and flexible pricing options, which include a risk-free trial. The purpose of this CryptoHopper Review is to assist you in deciding whether or not this product is suitable for your needs.
About CryptoHopper?
The CryptoHopper is a cryptocurrency trading bot hosted in the cloud. It uses a programmed algorithmic trading method and takes input from external signals to execute profitable trades. Coinbase, OKEX, KuCoin, Binance, Kraken, Huobi, and many others are just some of the supported cryptocurrency exchanges.
It enables you to use both free and commercial signals from a variety of sources. Additionally, it employs over 30 trading indicators and over 90 candle patterns, and it is owned and operated out of Amsterdam, Netherlands. It’s available around the clock and supports trading in addition to Bitcoin, as well as 75 other cryptocurrencies.
Who Should Use CryptoHopper?
Cryptohopper may be the best option for you if you are a frequent cryptocurrency trader or if you want more sophisticated capabilities than are currently available through your broker of choice. Both newcomers and seasoned traders may benefit from Cryptohopper, as it makes it easy to learn about the market by analyzing trades, copying the strategies of successful investors, and connecting with others who share their passion for cryptocurrencies.
Is CryptoHopper Safe?
There are a lot of people involved with the project and it has a lot of followers on social media. Since trading bots often operate by way of an API that enables them to execute trades on connected exchanges, traders never have to worry about sending funds to an account owned by the bot’s creators. To use the bot for trading, you must give it access to your account using the API credentials you obtain on your chosen exchanges.
Even if your account were compromised due to a hack or data leak, the bots would not be able to extract any of your cash. Cryptohopper’s staff has built ties with some of the most prominent exchanges in the business, and customers may enable two-factor authentication (2FA) for further protection.
CryptoHopper Platform & Features
Built-In Trading Strategies
After selecting a plan to purchase, you may customize your trading bot as you like; alternatively, you can visit the CryptoHopper marketplace to buy an algorithm developed by another trader. Although most trading strategies do cost money, there are others that are free. Because of the availability of user reviews, a demonstrated track record, and a detailed explanation of the bot’s intended actions, this is an appealing choice for novice traders who want to adopt an automated method that someone else designed. This is a helpful tool, but it is not a guarantee of financial success. You may also make changes to the strategy you purchased, making it easier to utilize as a trading template.
Easy-to-use Automated Trading
CryptoHopper’s and other trading bots’ primary selling point is that they can trade on your behalf around the clock using a process known as automatic trading. In order to make a profit, it takes the information you provide and applies the strategies and settings you choose to the buying and selling of cryptocurrencies. Automated trading conducts deals in a split second because it works nonstop and monitors all coins simultaneously, whereas a person is more likely to miss an opportunity.
We’ve outlined some of the key capabilities of Cryptohopper in case the idea of automated trading appeals to you.
- Bullish Market
Implement the trailing stop loss function if your bot is working in a potentially bullish market. Here is where you may put in place custom stop losses to safeguard your profits should the market experience a downturn. In addition to searching for price targets, the bot may save your trading profits in a reserve account automatically.
- Bearish Market
If you anticipate a downturn in the market, you can tell your bot to immediately close any open positions. You may also use a short selling instruction to direct your bot to short sell, provided you are utilizing a supported exchange.
Dollar-cost averaging can be automated by a bot if you’re confident that a specific blockchain asset’s bad market is merely temporary. When the price of cryptocurrency falls below a certain threshold, such as 5%, your bot will automatically buy more coins.
- Consolidation Market
It’s difficult to make money in the market during consolidation or sideways movement. But they also provide several chances to eke out little earnings within a narrow band. To illustrate, you might program your bot to make quick trades when specific conditions are satisfied, such as when Bitcoin is trading in the $9,600 to $10,600 area.
Support for Popular Exchanges
Right now, CryptoHopper works with 13 different exchanges, the majority of which are large ones. Check out this comprehensive rundown of all the markets that may be accessed using CryptoHopper:
- HitBTC
- OKX
- BitPanda Pro
- KuCoin
- Bitvavo
- Binance
- Binance US
- Coinbase Pro
- Bittrex
- Poloniex
- Bitfinex
- Huobi
- Kraken
CryptoHopper’s main function is to make trades on your behalf in whichever trading account you select. CryptoHopper requires you to submit your exchange’s API key in order to establish a connection between your two accounts. You may get this key from your exchange account’s preferences. While the steps required to connect your CryptoHopper account to an exchange may differ depending on the platform you choose, you’ll find comprehensive guides on this topic on the platform’s tutorials page.
When you connect your CryptoHopper bot to your exchange account, it will begin making trades automatically on your behalf. After analyzing the market using technical analysis, it will buy and sell cryptocurrency for you based on the parameters you provide. Until you either turn it off or change its settings, it will keep trading cryptocurrencies in this manner. Though it’s automated, you’ll still need to keep an eye on things in case the market takes a sudden turn for the worst and the bot starts making deals that end up losing money.
Keep in mind that Cryptohopper is not an exchange in and of itself; rather, it is a trading terminal that gives users access to a variety of different marketplaces. This implies that you will be liable for the costs paid by the exchange that your order is performed on in addition to any monthly expenses that you incur through Cryptohopper. In addition, you will be subject to the fees levied by Cryptohopper.
Mobile App
The accessibility and ease of use of Cryptohopper, originally developed for desktop computers, have now been brought to mobile devices running Apple iOS and Android. Among Cryptohopper’s many features are:
- Superior safety measures are in place within the Cryptohopper app, with fingerprint authentication and facial recognition among the many biometric safeguards at your disposal.
- To get real-time updates on custom triggers, patterns, outstanding orders, and more, you may opt into push notifications and set them up. From your phone’s home screen, you may track your progress and positions.
- It only takes one click to place an order.The mobile version of Cryptohopper is equally as simple to use as the desktop. Put in a single order to trade and monitor your holdings from any location.
The Cryptohopper app, which works on both iOS and Android, can be downloaded for free.
Ease of Use
For those who are interested in getting started with Cryptohopper, a prior understanding of cryptocurrencies is not required. In the event that you do not currently have an exchange account, you are able to test out Cryptohopper’s capabilities by creating a paper trading account.
Cryptohopper has simplified every step of the procedure for creating an automated bot. In fact, they’ve made a drag-and-drop editor that makes it easy to program your own bot from scratch.
This means that you can get started trading immediately without worrying about whether or not you have a background in coding; all you have to do is select the indicator you want to use, decide whether you want to buy or sell, and set some basic parameters like volumes.
CryptoHopper Pricing
The four plans for purchasing the CryptoHopper bot are detailed below.
Pioneer: Free
- 20 open positions
- portfolio management
- manual trading
- all available exchanges
Explorer: $19/Month (Try 7 days for free)
- 80 open positions
- 10 min strategy interval checks
- portfolio management
- manual trading
- all available exchanges
Adventurer: $49/Month
- 200 open positions
- 5 min strategy interval checks
- portfolio management
- manual trading
- all available exchanges
Hero: $99/Month
- 500 open positions
- 2 minute strategy interval checks
- portfolio management
- manual trading
- all coins for signals
- market arbitrage
- algorithm intelligence
CryptoHopper accepts payments in:
- PayPal and credit card checkouts through PayPal
- iDeal
- Sofort banking
- Direct bank transfers
- BitPay
- Bitcoin
- Litecoin
How to Open An Account?
- Sign up for an account by completing the registration form.
Signing up is simple; just visit CryptoHopper website and click “Sign Up” at the top right corner. All you need is a username, email address, and a secure password. Alternatively, you may sign up with your Google, Meta, or Apple accounts.
- Prepare your bot for operation.
The term for a robot is “Hopper.” A simulator is included at no cost with every robot purchase. You’ll get help setting up your first Hopper when you log in for the first time.
Click the “Config Wizard” button and enter your TRADE-ONLY API Keys after establishing an account and login in for the first time. To ensure that Cryptohopper only has access to your account to conduct transactions on your behalf, you should restrict withdrawal access for any API Keys it has access to.
In Conclusion
One of the best features of the platform is that it can be used by people of varying skill levels. You can use Cryptohopper to its full potential even if you lack trading expertise and/or knowledge of automated systems.
Cryptohopper is also great if you’re a seasoned trader who wants to automate the implementation of your tried-and-true trading strategies on a continuous, round-the-clock basis.
CryptoHopper’s drag-and-drop interface makes it easy to create automatic trading strategies that are tailored to your specific needs. As such, knowledge of programming or coding is not required.
CryptoHopper Review Overall
CryptoHopper stands out for its ease of use, extensive customization options, and 24/7 cloud-based operation. It is suitable for both beginners and advanced traders, providing a range of features like backtesting, arbitrage, and compatibility with multiple exchanges. However, the additional costs for signals and the absence of phone support may be drawbacks for some users. Overall, CryptoHopper offers a robust solution for automated cryptocurrency trading.
Pros
- CryptoHopper operates continuously, even when you're offline.
- Simple to set up, even for new users.
- Works with 10+ popular crypto exchanges.
Cons
- Users need to pay for extra signals.
- No phone customer service.
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