In the crowded space of crypto trading bots these days, this is difficult to find one that suits you the best, because there are so many different products on offer. Some bot providers have tens of bots each with slight variations in their offering, and each one is effectively saying “try me!”. Today, I am going to look at this bot that is crying out to be looked at in more detail: CryptoHopper.
We all know that there are a lot of software out there that can trade within their stock markets and trade forex, futures, etc. We all know there’s a bunch of software that does a lot of that trading. And there is actually software including the one that I’m going to tell you about today that I think is extremely promising, non-scammy, and legitimate.
Cryptohopper is a cryptocurrency trading software whose goal is to trade for you on your behalf. Cryptohopper works even if you aren’t connected to the internet. How cool is that?
It examines the market in real-time and conducts trades as opportunities arise. It works on autopilot 24/7 as a fully automated trading bot, ready to respond as soon as possibilities emerge.
I’ll go over the features, strategy, and business plan of Cryptohopper in this review. However, these articles may eventually become blocked off and I may actually let this article private, partly because crypto is still very controversial. I really do want to help everyone, and I do want everyone to succeed and stuff like that, but I also have to be conscientious of everything. My point is that I don’t know how long this article will be public, but for now it’s public. So I’m just letting you guys know.
Cryptohopper At a Glance
Owners: Ruud Feltkamp and Pim Feltkamp
Overall Rank: 85/100
TABLE OF CONTENTS
Automated Crypto Trading Bot: What is it?
Cryptohopper is online software that enables you to use the automated trading bot to its maximum potential. This means that trades will be executed on your part, depending on the criteria specified by the bot. The Cryptohopper platform, which was founded by two brothers, Ruud Feltkamp and Pim Feltkamp, in July 2017, claims to have conducted trades for more than 100,000 users.
The two brothers pooled their ideas, abilities, and experiences to create a bot that trades for the user automatically, operates 24/7, and trades a range of coins, as well as is adaptable to a range of cryptocurrency exchanges through an Application Programming Interface (API).
The semi-automated trading bot is secured on the official site, allowing traders to keep track of their trading process and depend instead on technical trading algorithms and programmed trading tactics. External signals can also be subscribed to, and the controllable trading solution is intended for cryptocurrency traders of all levels of experience.
The Good, the Bad & the Ugly
Pro #1: Access to educational analysis tools is suitable for traders.
Pro #2: Everything Doesn’t charge a monthly fee in addition to a commission.
Pro #3: Advanced security features are included in this systematic mobile app.
Pro #4: Supported on 16 major exchanges
Con #1: To use the majority of the features, you must subscribe to a monthly plan.
Who is the Cryptohopper for?
Although several trading bots are better suited to more experienced traders, Cryptohopper has some awesome features that are designed specifically for beginners. The Hopper Academy, for example, is open to all users and provides access to educational videos that teach how Cryptohopper works and the best methods to use it.
Another good thing at Cryptohopper is that it also built an active community, which should be beneficial to newcomers to crypto trading. There are active Discord and Telegram groups, as well as a dedicated members-only forum.
Cryptohopper | Features
It is important that you know how well an automated trading bot performs, because, newcomers often think that they can simply trade using the bot without taking a closer look at it, resulting in unexpected earnings along the way. This could happen though if you really know what to do, and what strategies to use. But more often than that, recklessly trading using a bot can have its downfalls.
Automated bots, such as Cryptohopper do exactly what they’re programmed to do. As a result, the approach is best suited for those of you who want to implement your tried-and-true trading techniques on your own. And CryptoHopper is a useful tool for users who are really interested in getting into cryptocurrency trading. This will be a careful selection of CryptoHopper’s key features, along with a quick summary of each:
Copy-trading, often known as “Mirror Trading,” is when you follow experts on their site and let them determine when to purchase and sell. You can follow Signalers or use other traders’ techniques and Hopper templates to replicate traders on our platform in a variety of ways.
Essentially, you may copy skilled traders’ trading strategies. Their templates, methods, and signals are all available for purchase. Templates normally come as an add-on to strategies and include things like coin selection, setup settings, and so on. Strategies are a set of technical indicators and parameters that will control your bot’s buying and selling decisions. They are produced and screened by approved traders.
The most important aspect of CryptoHopper and all trading bots is an automated trading, which means your bot will trade for you 24 hours a day, seven days a week. Automatic trading is a game-changing method of trading that hasn’t been offered to retail traders in a long time. The reason for this is that it might be rather intricate. Fortunately, they specialize in making automated trading simple.
It uses data, as well as the methods and configurations you’ve selected, to purchase and sell cryptocurrencies in the hopes of making a profit. Automated trading performs trades at a moment’s notice by running 24 hours a day and tracking all coins at the same time.
Paper Trading (Simulated Trading)
Every plan includes free paper trading, which lets you trade without possessing any cryptocurrencies or having an exchange account. That is to say, paper trading is available on all of Cryptohopper’s platforms. You can try out new techniques by investing up to $100,000 in any cryptocurrency, allowing you to experiment without risking your own money.
You can experience trading on Cryptohopper with a simulator without holding any cryptocurrencies or having an exchange account. Learn to trade like an expert without taking any risks.
Trading with a bot is more convenient because of the trailing features. When your Hopper is set to “Trailing,” it tracks the price and waits for the ideal moment to take action. Adjusting your take profit when the price declines, placing a purchase order when the price rises, or buying back your short position are examples of such activities. Trailing Stop-Loss, Trailing Stop-Buy, and Trailing Stop-Short are the three types.
- When the price rises, the Trailing Stop-Loss (TSL) adjusts your stop-loss automatically. Your TSL will fire and sell your position if the price drops again. This is a great approach to staying with an upward trend while avoiding selling too soon. This feature is used by manual, semi-automatic, and complete auto-traders alike.
- When you buy something, you rarely know if you’ve gotten a good deal. It’s hard to know, but you can ask a bot for assistance! Use the Trailing Stop-Buy (TSB) to postpone your purchase while keeping an eye on the price. As a token’s price falls, the TSB will maintain track of it until it starts to rise again, aiming to achieve a certain percentage. When it rises, the buy order is initiated, and voilà! The TSB can be set up in your baseconfig. After that, if your Hopper receives a signal or its strategy suggests a buy, it will always employ your TSB.
- To grasp the Trailing Stop-Short (TSS), it’s necessary to understand that Cryptohopper’s version of shorting differs from regular shorting. Their shorting works in a similar way to a buyback function. You initiate a short when you predict a position’s price to fall and sell it based on the settings “always short instead of sell” or “open short depending on strategy.” Funds will be set aside to purchase the same amount of coin for a lower price.
The only difference is that the TSS will keep track of how much your position is declining and how much “loss” you’ve avoided! You stop the short when you think you’ve reached the bottom. Your Hopper will buy back the position to protect you from a loss and let you make a profit.
Some professional traders test their systems on a regular basis. They have a real strategy for their investments that they’ve tried in the present market, and they’re always developing and testing new ones. Backtesting is necessary since markets and strategies change over time.
Your approach is tested in relation to your configuration using the backtesting tool. It’s an excellent tool for determining whether your Stop-Loss, Trailing Stop-Loss, and other settings are accurate.
Cryptohopper | Support
A support team is built within the platform to help with any issues that arise. Users can contact the team by filing a support ticket in the Support Section, as well as through their Twitter account, Telegram group, and Facebook page. The website also has a variety of FAQs and Tutorials (plus video tutorials) to assist users in navigating the platform.
Cryptohopper also has this live chat on their website. To access this, click the blue speech bubble in the lower right-hand corner of the home screen. You can use the chat app to connect directly to live chat or to explore the company’s FAQ. Though you’ll first be linked to a chatbot, if your question isn’t answered in the current FAQ, you can connect with a staff member.
Cryptohopper | Pricing
Cryptohopper offers a very solid and easy-to-use trading bot, backed by an active community of traders and an industry-competitive pricing structure. Of course, it’s FREE (one of their best features!).
But personally, having more features means more freedom and convenience when trading. So, its pricing plan comes in three types, Explorer Hopper at $19 per month (which you can try out their 7-DAY TRIAL upon registering), Adventure Hopper at $49 per month, and their full package Hero Hopper at $99 per month.
Users can join up for the service and start using it right away without having to provide any payment information. The hopper is instantly disabled at the end of the trial month, and customers can then choose to buy an entire subscription.
You have the option of paying for your preferred monthly membership with PayPal or by depositing bitcoin. If you go with the latter, the website will accept the currency listed below:
- Bitcoin (BTC)
- Litecoin (LTC)
- Monero (XMR)
It is okay to pay monthly or for the entire year; however, it is crucial to know that Cryptohopper does not offer refunds, so consumers should take advantage of the free trial period before subscribing to a membership.
Cryptohopper | Overall Quality
If you’ve finished reading my Cryptohopper review from beginning to end, you should have a good idea of what it has to offer and, more importantly, whether it’s suited for your trading needs.
Although Cryptohopper is mainly an automated trading bot, it is simple to set up and use, making it suitable for both new and experienced traders. They have spent a lot of time and effort designing a website that is safe and secure for beginners, and new traders(even experienced traders) may also access helpful tips and educational tutorials from the Hopper community.
Overall, Cryptohopper is an excellent trading bot both for newbie and seasoned day traders. However, in order to determine its usefulness, it is recommended that you try it out for free and see how it works for your own trading strategies. The user-friendly interface and a variety of useful templates make the trial time feel more like a breath of fresh air than an intimidating experience.
FINAL VERDICT: CRYPTOHOPPER
Did you have a personal experience with Cryptohopper? Please add your experience below!
Since you’ve reached here, it’s safe to assume you’re looking for crypto-trading tips? That’s also what I do here on this website! But there’s a lot more to it than that. You must have the correct tools on hand, so don’t fall into the trap of attempting everything and yet missing the target.
Crypto trading has the potential to be successful, but it also has the potential to be risky. Whether you’re new to crypto trading or have been dabbling for a while, the cryptos will continue to reward or punish you based on your execution approach and research.
Crypto trading tools can help you reduce risk and enhance your chances of keeping ahead of the game, whether you’re a beginner or a seasoned crypto trader. Here are my TOP 8 of the best crypto trading resources that will help you out.
- Access to educational analysis tools is suitable for traders.
- Everything Doesn't charge a monthly fee in addition to a commission.
- Supported on 16 major exchanges and has excellent customer support
- To use the majority of the features, you must subscribe to a monthly plan.