Cryptohopper claims to be an effortless, efficient, and innovative way to earn profits in the crypto market. It automates some of the most repetitive tasks, allowing you to save time. It remains active 24/7 and is not dependent on manual inputs.
What is Cryptohopper?
It is an automated trading system where you can place orders and manage your investment portfolio for popular digital assets. This platform supports over 100 assets and is compatible with some of the most renowned exchanges on the market.
|Supported Exchanges:||Binance, Bittrex, Bifinex, Kraken, etc.|
|Supported Fiat Currencies:||No|
|Deposit Fees:||No fees|
|Withdrawal Fees:||No fees|
|Customer Support:||Email, web form|
This platform lets you connect all your exchange accounts and maintain your entire portfolio from one terminal. You can follow the daily price changes and program the system to conduct long or short trades whenever the price moves in a certain direction.
You can trade automatically with the help of artificial intelligence or mirror the orders of pro traders. There are preconfigured templates for those who don’t have the necessary technical knowledge to develop strategies of their own.
How does the bot trade?
This system has three trading modes, namely semi-automated, automated, and copy trading. In the semi-automated mode, you don’t need to dive deep into algorithmic trading. The trader is the one who initiates the trades, but it is up to the trading platform to sell them automatically. With the automated mode, you select the coins and the trading strategy, after which the robot places orders on its own. Copy-trading lets you subscribe to trading signals based on which your bot can automatically trade.
Trading approaches of Cryptohopper
This system offers DCA bots, Arbitrage bots, Market-making bots, etc. You can also use the strategy designer to formulate your own trading plans with the help of indicators and candlestick patterns.
Is Cryptohopper profitable?
Profitability depends mainly on the chosen configuration, strategy, as well as existing market sentiment.
How to get started on Cryptohopper?
The first step is to register your account on the official website. For this, you will require a username, an email address, and a strong password. In order to activate your account, you need to click the verification link in your email. After that, you can log in to select your exchange or get started with the simulator.
How beginner-friendly is Cryptohopper?
Thanks to the copy trading feature and the intuitive strategy designer, this platform is quite suitable for beginners.
Cryptohopper compatibility-exchanges and coins supported
This system supports popular digital assets like LTC, BTC, ETH, and over a hundred others. The supported exchanges include Bittrex, Poloniex, Binance, Coinbase, Bitfinex, KuCoin, HitBTC, Huobi, Bitvavo, Okex, Kraken, Binance.us, Crypto.com, Bitpanda, Bybit, and Exmo.
Commissions, deposits & withdrawals
All deposits and withdrawals take place through your exchange account. There are no added trading commissions.
Cryptohopper pricing details
Apart from the Pioneer free plan, there are three paid plans offering more trading positions and other advanced features. The monthly charges for the Explorer, Adventurer, and Hero plans are quite affordable at $16.58, $41.58, and $83.25, respectively.
Performance and security
Apart from using secure API keys, this platform also lets you secure your account with 2-factor authentication. This prevents others from accessing your data even if they manage to get your password.
Is Cryptohopper regulated?
This platform complies with the EU General Data Protection Regulation.
Cryptohopper company reputation
This company was founded in 2017 by Ruud Feltkamp and Pim Feltkamp. Its headquarters is based in Amsterdam, and it has been featured in media outlets like Daily Mail, Bloomberg, Forbes, Coindesk, etc.
You can get in touch with the support team via email or online form. It is also possible to raise a support ticket on the webpage.
On Trustpilot, there are several reviews for this platform. Several users have praised the prompt customer support and the profits generated by the bot.
Cryptohopper review: upsides and downsides
- Large number of tradable assets
- Advanced trading strategies
- World-class support
- Limited features with free plan
Cryptohopper Crypto Bot Conclusion
This is a platform that can be helpful for both experienced investors and newcomers. It has advanced data protection features and offers you all the tools needed for efficient trading. The company has a great reputation and it is transparent about its origins. Thanks to the social trading functionality, you can gain knowledge from others and grow as an investor.
Fees and Commissions