Cryptohopper Review 2022: Is It a Safe Trading Bot?

Cryptohopper is an online platform that enables the users and stock traders to make use of a trading bot to trade automatically through the markets. Cryptocurrency trading bots are gaining popularity across the industry with the expansion of such bots in the markets. These trading bots have grown to be quite intuitive and functional, allowing users to devise trading strategies and arm the bots with all the latest insights using data. However, read our Cryptohopper review further and know about the trading platform in detail.

Cryptohopper Overview

Official Website https://www.cryptohopper.com/
Established 2017
Available Payment Options PayPal, Bitcoin, Bitcoin Cash, Ripple, Zcash, Monero, Litecoin, Dash
Cloud Based No
Supported Exchanges Bybit, EXMO, OKX, Bitpanda Pro, Bitvavo, HitBTC, Huobi Pro, Bittrex, Binance, Coinbase Pro, Poloniex, Binance.us, Bitfinex, Kraken, KuCoin, Crypto.com
Mobile Support Yes
Plans and Pricing Pioneer – Free
Explorer – $16.58/mo
Adventurer – $41.58/mo
Hero – $83.25/mo
Free Trial Yes
Academy Program Yes
Affiliate Program Yes
Customer Support Live Chat, Email, Help Desk, and Submit a Ticket Support

Cryptohopper trading bot is one of the most elite trading bots in the industry and the automated trading bot also comes with various unique features that can maximize one’s performance in the crypto stock markets. Users can execute buy/sell orders on the basis of pre-selected parameters setup in the Cryptohopper bots without having to manually do the transactions themselves. The registered company behind the platform operates out of the Netherlands.

Cryptohopper Bot User Interface

How Does Cryptohopper Trading Bot Work?

Cryptohopper trading bot is an automated tool that requires the users to set the parameters for their trade and execute them accordingly. The users of Cryptohopper semi automated trading bot can not only select the assets and their values for the trade but also use several other advanced analysis tools that work in conjunction with the trading bots.

The automated online trading can also be done through a social trading functionality where the trades made are public and beginners can get insight from the community to execute trades that are more nuanced and profitable. Users can also devise trading strategies based on their performance, cryptocurrency market trends and aim for a better relative strength index.

Cryptohopper Review: Pros and Cons

Pros Cons
In addition to automated trading, the platform also offers several tools for better trading that can be used by beginners and professionals alike. The slight technical understanding of crypto trading bots might be discouraging for users who aren’t well versed with computers.
Cryptohopper can help users devise trading strategies based on their preferences, trading experience levels and risk appetite. The customer support team might not be the best in the business and users might have to rely on the resources on the website to solve their queries.
The platform does not charge commission on trades aside from the fixed monthly fees of membership. Some of the better and more useful features as well as technical analysis might not be available for free users.
There is also a mobile Cryptohopper app that further adds to the convenience of using the platform remotely and on the go.

Key Features of Cryptohopper

Cryptohopper offers numerous features that give it an edge over most of its competitors. These advanced features aren’t reserved for the advanced traders and can be used by new traders as well to up their trading game. Some of the most prominent features of the Cryptohopper crypto trading bot are listed below:-

Automatic Trading

Primarily, the bots enable users to make trades without having to physically do the transaction each time on their own. The users can simply set up the bot with the parameters they want and then the trade would be done automatically. This also removes the urgency of having to trade at the right time for the bots to efficiently use the technical indicators to do the job without further input from the users.

Automatic Trading by Cryptohopper

Paper Trading

Paper trading, also known as simulated trading, is a feature that allows the users to analyze their own decisions without having to risk any financials. The exchanges done through paper trading accounts do not take place in the real cryptocurrency exchanges, therefore, showing the winnings or losses as per the trades made without investing any money into it. Paper trading access can be highly beneficial for new users who aren’t sure if they should execute trades they are considering.

Social Trading

Social trading is one of the features that is gaining popularity with various best crypto trading bots, including the Cryptohopper marketplace. Through social trading, users can see trades that are made by other users and then learn from their automated strategies as an investment advice for better trading profits. It is important to remember that trusting the community all the time might not be ideal.

Trailing Orders

Trailing orders feature can be set up in the bot to make the trade based on the cryptocurrency market price of any stock or asset. The bots can sell the stock if the prices start to decline and start a purchase order once the price starts to increase again. The automated strategy essentially follows the trails of the value of the stock and makes the trade based on these technical indicators. The trailing stop loss is one of the best ways to minimize one’s losses before the stock is dumped.

Cryptohopper Candlestick Patterns

Candlestick patterns are among the most common patterns for the stocks that fluctuate in price often, even if the median isn’t far from either high end or lower end of the value. These candle patterns don’t only point towards a possible change in the market but the process can also be recognized by automated bots to perform trades. Users can visit the Cryptohopper help documentation on the website to learn all the data patterns that are supported and recognized by the bots.

DCA (Dollar Cost Averaging)

As the name suggests, this feature is among the ones which are used for a safer approach towards trading signals in the Cryptohopper marketplace. The DCA functionality aims to invest a small amount of money overtime to prevent any sudden losses or make up for a previous one. The gradual investment over time usually averages out the cost of purchase or sale at an undesired value.

AI Trading

Being a platform that uses artificial intelligence, the Cryptohopper semi automated bot can learn the desired approach of trading for the user. Based on multiple trades in the past, the bot can constitute investment advice that follow the users’ trading patterns or even execute the trade if permitted on its own. The AI behind the system studies and learns from the strategies that are implemented by the user, perform a technical analysis and even suggest similar strategies with more potential.

Cryptohopper AI Trading

Strategy Designer

The strategy designer is an add on to the AI trading system behind the platform. Through this, the users can choose their own indicators as desired and have an algorithm set up that follows their specific patterns. After selecting the indicators of choice, the users can get a customized program that would create and suggest an improved design for the bot trade without needing the users to write the code behind it.

Backtesting

Backtesting is similar to independent financial advice on one’s past trades and comparisons made with the other trades occurring in the marketplace. Backtesting tool studies the decisions and trades made by cryptocurrency traders and creates a report about one’s performance.

Pro Tools

Staying true to its name, the set of pro tools are the advanced trading tools (such as api keys) that are primarily created for developers and professionals. The api key can be used at the terminal for a bird’s eye view of the marketplace. These tools not only enable the users to customize the bot but also create their own codes to set up a personal version of the Cryptohopper bot in the bull market or bear market.

Trading Terminal

The trading terminal is a dashboard where the users have all the necessary details of their entire portfolio coupled with quick actions they can take from this page. The trading terminal has an intuitive user interface that gives users total control of their portfolio at once.

Exchanges

Cryptohopper trading features include the support for some of the world’s largest and best cryptocurrency exchanges. The list of leading exchanges available isn’t only ideal for variety at the platform but also enables the users to use advanced tools and trade across exchanges for different prices in real time.

Crypto Exchanges Supported by Cryptohopper

CryptoTweeter

CryptoTweeter can be considered as a modern version of social trading where the users can connect their twitter account with exchange accounts at the Cryptohopper and make a tweet based on every trade they perform, be it manually or through the crypto trading bot. Users can select when the cryptotweeter would make a tweet and under which specific circumstances.

Market Making Bot

Market making bots are somewhat more niche bot functionalities. With the help of this feature, the users can set up bots to buy or sell assets within a given range of price (for instance, 0.3% of the given value). The purchase and sale within this range of price would help crypto market makers make profit through the trades.

Mobile Application

Cryptohopper app is available for mobile devices which implies that users aren’t limited to a desktop or laptop to make trades, manage their assets or set up bots to trade crypto. While mobile applications are becoming common, Cryptohopper has been able to fit all the features of its platform in the app without leaving any functionality behind.

Cryptohopper Account Sign Up Process

Create Account

The first and foremost step would be register with the platform and choose one of the plans based on Cryptohopper pricing for the monthly membership. The users would be required to fill in their personal details prior to cryptocurrency trading bot. As per our research in preparing Cryptohopper review, these details include email, username, password, etc. Once the credentials have been verified, the users can then move on to the next step. Individuals also have the option to sign up using their existing social media accounts such as Google, Apple, Facebook accounts.

Set Up Your Accounts

Once the Cryptohopper account has been created, the next and most important step would be to connect the accounts with one’s exchanges to connect the assets and financials with the Cryptohopper platform. This would include setting up of accounts as well as digital wallets.

Cryptohopper Sign Up Process

Sign Up to Signallers on Marketplace

After the completion of all the aforementioned steps, all that is required is to set up bots. In order to set up the auto bot based on trading strategies, one would have to select the signallers in the marketplace which would trigger the action from the automated bot. These signallers are highly diverse and range from market trends to sudden stock dumps, trailing stop short or trailing stop buy, etc.

Solutions Offered by Cryptohopper

Asset Manager

Asset manager is one of the most resourceful features offered at the Cryptohopper platform. The asset manager exists to serve a host of features. Through the asset manager, the users can monitor their funds, set up alerts, trade the stocks from the relative cryptocurrency exchanges, etc. This feature can also be used by professional traders to manage funds of their clients as this advanced tool is equipped with several additional functionalities.

Miners and PSPs

The miners and PSPs at Cryptohopper can be connected to one’s online crypto wallets and be transferred to exchanges in order to get assets. This is especially useful for the individuals who have a regular sum of assets coming in, for instance crypto asset mining. The rewards made from mining can be exchanged for stocks and assets automatically without requiring any manual input post the setting it up.

Individuals

In order to serve the large user base of beginners in the marketplace, this service is aimed to bring one up to speed. There are various sub services that are exclusively designed for individuals who wish to manage their own personal portfolio. The tools offered can empower the traders to come up with elite and complex strategies for trading cryptocurrencies based on multiple indicators.

Cryptohopper Individuals Trading

Advanced Traders

For advanced traders, the Cryptohopper has some professional tools that can come in handy while trading at a large scale. These advanced tools can be used by a professional handling their clients’ assets or firms or even individuals who are quite familiar with the ins and outs of cryptocurrency trading.

Cryptohopper Affiliate Program

Affiliate programs are quite common in the industries that are related to cryptocurrency, for both acquiring new users and having an ability to reward the affiliates without huge investment or risks. By signing up for the affiliate program, the users can invite new individuals to the platform and earn commission for generating traffic. The commission is formed by a fraction of the trades that the referred traders make. On a high scale, the affiliates can get up to 15% for every payment made by the referred individual. Interested individuals also have the option to use the marketing resources offered by Cryptohopper to support their referrals.

Sells on Cryptohopper

The Cryptohopper’s platform also serves as a marketplace for strategies, trading templates, insights, etc. Experienced and advanced users who are sure of their knowledge about these cryptocurrency markets have the ability to sell their external signals, indicators, etc. to the prospective buyers who are looking for some additional help and information to make better trades. This is a highly lucrative option that allows the individuals to make extra money apart from the profit which might come from their portfolio in the process. By signing up to be an exclusive seller, the individuals can enjoy additional perks from the platform such as greater profit percentages, more signallers, etc.

Sells on Cryptohopper

Pricing Plans for Account Available at Cryptohopper

Cryptohopper offers various monthly plans that the users of the platform can choose from, based on their trading needs, trade volumes and the tools required to do so. The pricing has four options, one of them being the free subscription and the highest one being for $85/month (approximately). Some of the key differences in the annual pricing plans are listed below:-

Pioneer Explorer (One Week Free)  Adventurer
(Billed Annually)
Hero
(Billed Annually)
Price Free $16.58/mo $41.58/mo $83.25/mo
Positions 20 80 200 500
Portfolio Management Yes Yes Yes Yes
Manual Trading Yes Yes Yes Yes
All Exchanges Available Yes Yes Yes Yes
All Coins for Signals No No No Yes
Market Arbitrage No No No Yes
Algorithm Intelligence No No No Yes

Cryptohopper Customer Support

The customer support of the platform is still evolving but aims to be quite prompt and responsive in its own ways. The customer support team can be reached via email primarily. The customers can write to “[email protected]” or “[email protected]”. Since email isn’t the fastest way to communicate and solve issues, the website also offers a plethora of documents, help desk, and information that can clear any basic doubts or understand fundamentals regarding the working of the platform.

Cryptohopper Live Chat Support

Cryptohopper Review: Conclusion

As the market continues to welcome more and more users, crypto possibilities and avenues to make a profit, the options seem to grow exponentially. In conclusion, Cryptohopper is one of the best trading platforms and offers some of the best features for automated crypto trading through its trading bots and other features. The individuals who are looking to grow their assets or manage their portfolios will stand to gain a lot from this trading platform and all of its offerings. Cryptohopper is an easy recommendation for both amateurs and expert traders that provides a new world of possibilities for trading crypto assets effortlessly.

FAQs

Is Cryptohopper Fully Automated?

Cryptohopper offers several trading modes including semi and fully automated.

Is Cryptohopper Safe?

Yes, the platform appears safe and reliable, for it is offered to traders. At the same time, stock trading and crypto trading have an inherent risk of loss.

Is Cryptohopper a Good Trading Bot?

Yes, Cryptohopper is regarded as one of the best trading bots in the industry.

Is Cryptohopper Trustworthy?

Cryptohopper offers significant advantages to traders. Since trading comes with risks, it is important to be aware of the decisions made.

Can You Use Cryptohopper for Free?

Yes, Cryptohopper offers a free membership plan which enables the users to use some of the features of the platform.

How Long Does it Take to Start Cryptohopper?

After signing up with the platform, the traders can start trading within a few minutes.

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