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Cryptohopper Review: All that you need to know about this bot in 2023
In our concise Cryptohopper review, we delve into the world of automated cryptocurrency trading. Discover the features and benefits of this powerful platform that empowers users to navigate the volatile market easily. Unleash the potential of automated trading with Cryptohopper and revolutionize your cryptocurrency trading experience.
Are you planning to enter the rapidly-evolving crypto industry, but do you know how it works? If that's true, you must consider investing in a trading bot.
What is CryptoHopper?
Cryptohopper is an online trading platform that offers an automatic trading bot to trade on your behalf. You will customize the bot according to some conditions, and it will act upon those instructions exactly.
It is essential to note that it is a semi-automated bot, and this means it functions the way you program it, nothing other than that. So, for instance, if you program it to purchase Bitcoin when its value increases by 10%, the bot will do the same task.
One of the best features of the Cryptohopper bot is that it suits users with all experience levels. If you are a beginner, you can purchase a strategy from the Cryptohopper marketplace to kickstart your journey. On the other hand, if you are a crypto investor with an outstanding track record in the crypto space, this automated bot keeps you in the game.
Now that we have shared a quick overview of the Cryptohopper bot. Let's move on to the next section. Here we will discuss how this bot works.
What Is The Best Cryptohopper Alternative?
If you're seeking a solid alternative to Cryptohopper, Altrady is a platform worth considering. Altrady offers a comprehensive suite of tools and features to enhance your cryptocurrency trading experience. With its intuitive interface and advanced trading functionalities, Altrady allows you to manage multiple exchanges easily, analyze market trends, and execute trades. The platform also offers real-time alerts, portfolio tracking, and a range of powerful trading indicators to help you make informed decisions. Whether a beginner or an experienced trader, Altrady provides a user-friendly and efficient solution for maximizing your trading potential.
See Why Altrady Is a Better Cryptohopper Alternative
Who Founded Cryptohopper?
Cryptohopper came to the crypto world in 2017. It has satisfied more than 140,000 people until now. It is one of the most trusted bots in the crypto space.
Cryptohopper resulted from two genius brothers who wanted to create something for an average person. Ruud Feltkamp dutch entrepreneur, and Pim Feltkamp, a web developer, are the masterminds behind this project.
They wanted to bring something that would suit people of all experience levels. As a result, the platform garnered a considerable fan base and is now famous for its striking features.
How does the Crypthopper trading bot work?
The Cryptohopper trading bot is designed to automate cryptocurrency trading strategies. Here's how it works:
- Strategy Selection: Traders can choose from various pre-built trading strategies or create custom ones. These strategies are based on technical indicators, market trends, and specific trading parameters.
- Signal Generation: Cryptohopper continuously monitors the market and generates trading signals based on the selected strategy. These signals indicate when to buy or sell a particular cryptocurrency.
- Trade Execution: Once a trading signal is generated, Cryptohopper automatically executes trades on behalf of the user. It connects to supported cryptocurrency exchanges through API integration, allowing seamless order placement and execution.
- Risk Management: Cryptohopper provides various risk management tools to protect the trader's portfolio. This includes stop-loss orders, trailing stops, and the ability to set profit targets. These features help minimize potential losses and secure profits.
- Portfolio Management: Traders can monitor and manage portfolios within Cryptohopper's user-friendly dashboard. The platform offers insights into trade history, performance analytics, and real-time market data, enabling users to make informed decisions.
- Continuous Optimization: Cryptohopper allows traders to optimize their strategies by backtesting them against historical market data. This helps identify the most effective settings and improve overall trading performance.
Cryptohopper Marketplace
Something else keeps Cryptohopper where it is today; yes, we are talking about the Cryptohopper Marketplace. This feature is like a relief for new and experienced users. Over here, the users can get the bots that other users designed on the platform. However, some come with a price tag, while others are free.
It is beneficial if you have no automated trading experience and it's your first time creating strategies. Also, some experienced users are nervous about uploading their bot to a competing place; this marketplace comes to their rescue. So, you can browse the sea of options to choose a bot that suits your requirements and trading requisites.
You can check the programming details of the bot you are interested in—moreover, the bot functions on transparent conditions. So, the previous track is also available for review. You can also take notes from the feedback as most users leave a rating about a particular bot.
The best part about the marketplace is that you can modify the bots according to your liking. You can choose a basic bot and program it to suit your specific requirements. Voila, your bot is ready.
What we like most about this feature because you can start with a bot design of another user. Then you can tweak it according to your requirements and start trading.
CryptoHopper Features
Cryptohopper offers some fantastic crypto features, which bring it to the list of viable options. We are discussing the highlights to help you understand this powerful bot better.
Functionality
An easy-to-use interface solves half of the issues for crypto traders. Luckily, Cryptohopper is a web-based platform that offers a user-friendly interface. As a result, you can use the bot throughout the day and benefit from the wide range of functions.
Latest technologies
The latest technology helps the bot to stay ahead of the competitors. In addition, this trading bot allows you to perform trading via API integration.Moreover, you can access the service on mobile, laptops, and tablets with a stable internet connection.
Automatic trading
Thanks to the automated trading capability, means the bot functions 24/7. It uses techniques that allow you to buy and sell cryptocurrencies. The service is available around the clock so you won't miss a chance at the best trading opportunities. If humans do it themselves, they can miss such opportunities.
Paper trading
When using CryptoHopper, paper trading comes as a bonus. A paper trading app is available for every package and allows you to trade without owning any cryptocurrencies. With this feature, you can test the new strategies by depositing up to 100k of any cryptocurrency. You can apply the plan to a trading bot like CryptoHopper when satisfied with it.
Efficient Tracking Technology
Cryptohopper has superior tracking technology. It can track up to 75 coins at the same time. Then, it gives you a report by scanning them against your chosen profit goals, indicators, and preferences. This makes your trading journey more manageable.
Exchange Integration
Cryptohopper is compatible with the 14 largest global cryptocurrency exchanges, including Binance, Coinbase Pro, KuCoin, etc. This means you have ample choices when you use this bot.
Customer support
CryptoHopper has a fantastic customer support team available 24/7 to address your issues. Clients can contact them through Twitter or Facebook or address their concerns in the support section. You can also search for your answers in the tutorials or FAQ section on the website. Moreover, they also have the Crypto Academy Video library, so you can visit it for support.
No Extra/hidden fees
Here is the best part! Cryptohopper does not charge fees for trading services. You only have to pay the monthly payments, and that's all. There are no additional or hidden charges or commissions that might surprise you. So, your trading costs are comparatively lower than other platforms.
Mobile app
Crypto trading becomes hassle-free when available on mobiles. A mobile app comes to the rescue if you mainly travel and don't usually access larger screens.
Cryptohopper ensures on-the-go access to its valuable users. This free app is available for Apple and Android users. The mobile app is worth it because of the following features:
High-end security
The Cryptohopper mobile app features high-level security to keep you free from worries. It requires biometric verification to access the platform. This means nobody can check your investments or access your data.
Optional push notifications
Do you wish to get instant notifications? Set the push notifications option to have the latest information regarding your orders, investments, and more. This way, you get the freedom to track your progress anywhere and anytime.
Single click orders
Just like the desktop version, the mobile app is user-friendly too. All decisions are just a click away. Plan your trades and check the latest information on your mobile.
Cryptohopper Pricing
There are three different price plans available at Cryptohopper. In addition, you can also avail of a 7-day free trial named 'Pioneer plan.'
You can get access and start availing of the trial plan service without entering any payment details. They give notification before the trial time ends. Also, the service gets disabled, and you need to subscribe to a monthly plan to use further services.
The trial options offer the capabilities of the Explorer Hopper package; this means you get an idea about how the platform functions before you put your money at risk. In short, the trial is a risk-free opportunity.
Moving on, the three plans are as follows.
- The starter package is known as Explorer at $19/month.
- Trader Plus Package named Adventurer at $49/month.
- Pro Trader Package is also known as Hero at $99/month.
| Plan names | Pioneer Plan | Starter package | Trader Plus Package | Pro Trader Package |
|---|---|---|---|---|
| Trading positions | 20 positions | 80 positions | 200 positions | 500 positions |
| Offerings | Portfolio management | Max 15 selected coins | Max 50 selected coins | Max 75 selected coins |
| Triggers | Manual trading | Max 2 triggers | Max 5 triggers | Max 10 triggers |
| Time intervals | On all available exchanges | TA with 10 min interval | TA with 5 min interval | TA with 2 min interval |
| No. of trading bots | 1 Simulated Trading Bot | 1 Simulated Trading Bot | 1 Simulated Trading Bot | |
| Extra features | Exchange arbitrage | All coins for signals Market Arbitrage Market-Making | ||
| Price per month | Free | $19 | $49 | $99 |
Which Payment methods does Cryptohopper accept?
To pay for the monthly subscription, you can do it through PayPal or deposit cryptocurrency. The platform supports various coins, such as BTC, BCH, XRP, etc.
Now that you know about the pricing plans, let's get to the features of the automated bot.
Pros and Cons
Cryptohopper is an efficient trading bot for users of all experience levels. This simple, easy-to-use, and budget-friendly platform has gained a positive reputation within a few years of launch.
Users can easily subscribe to a plan based on their requirements and start making profits. Moreover, it provides an outstanding opportunity for those who want to learn the art of trading cryptocurrencies.
Many people have earned impressive profits from this fastest-growing platform. It offers all the tools to help you become a professional trader.
Are you planning to join the list? Our comprehensive review provides you with all the needed information about Cryptohopper. Comment below if you have any other questions, and we will be delighted to answer you.
FAQs
Is Cryptohopper Legit?
When you enter the crypto business, the first concern is whether the bot is legit. In this case, Cryptohopper is a reliable bot. Several investigations indicate that this bot is authentic and supports a user-friendly platform. Moreover, it has been in the crypto scene for more than four years, and the users have reported no complaints. It uses API keys to trade on your behalf, so it can't make any withdrawals. Moreover, their customer service is the best. It is always available to respond to your queries and facilitate 24/7.
We can assure you that Cryptohopper is a legit robot with all these points in favor.
However, it would help if you were careful when putting your money into this game, as crypto is a dangerous place.
Is Cryptohopper safe?
Safety is one of the biggest concerns when putting your money at risk. But, with Cryptohopper, the good news is that your funds are safe. In addition, this is a secure platform, and nobody can access your account.
Moreover, it follows the toughest crypto security policies that are impossible to break. This is one of the many advantages of using Cryptohopper. In short, the bot is safe from hackers and other dangerous threats.
The powerful bot gives the user complete control of their accounts. So, no third party can access it or change the sequence of your programming. Your bot, your rules, simple as that!
Like every other crypto trading platform, Cryptohopper comes with a set of pros and cons. You can look at the pros and cons in the following table.
Catalin is the co-founder of Altrady. With a background in Marketing, Business Development & Software Development. With more than 15 years of experience working in Startups or large corporations.
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