Cryptohopper is a fully automated trading bot with powerful tools and features. The platform supports major cryptocurrency exchanges like Binance, KuCoin, Bittrex where investors can trade on various digital instruments. It also has a marketplace where users can get pre-configured strategies, signals, and templates. This review will describe and analyze the system’s features, working, pricing, safety, and security.
About Cryptohopper
Cryptohopper was initially launched in 2017 by Dutch brothers. The bot scans the market and opens positions according to the trading strategy set by the trader. Investors can use the platform to automate their investing procedures, copy professionals with mirror trading, and set signals and notification alerts on their phones.
Cryptohopper crypto trading bot: how does it work?
Cryptohopper has an easy user interface with all trading tools. The bot searches for the best opportunities to trade in the market by buying when the prices are low and selling when considerable profit is made. Getting started with the platform is easy and involves the following steps:
- Register on the website with email or Facebook, Google, and Apple account credentials
- Create a bot from the list of hoppers in the top left corner
- Select an exchange and choose one of the templates compatible with your currency
- Simulate your trading with demo funds or link API for using real funds from your portfolio
- Enable all toggles and click save
- Select the signal or strategy trading method
- Run the bot
Key takeaways
The main characteristics and tools of Cryptohopper are as follows:
- It performs 24/7 automated trading in the cloud.
- Its marketplace offers crypto signals, advanced strategies, and several templates.
- Traders can use 30+ indicators and 90+ candle patterns.
- The platform supports global exchanges with no trading fees in a safe and secure environment.
- Historical backtesting allows users to see the bot’s performance.
User interface
The user interface is friendly and easy to use. No coding skills are required, and the bots can be set up in five minutes. The dashboard includes all the necessary tools needed for trading.
Trading strategy behind Cryptohopper
Cryptohopper uses several indicators like APO, Aroon, ADX, ATR, Bollinger bands, Chaikin A/D oscillator, CCI, DMI, DEMA, Elder ray, EMA, Hull moving average, Ichimoku cloud, MFI, MACD, and many more.
How profitable is Cryptohopper ?
Cryptohopper offers paper trading and backtesting records for analyzing the performance of the bots without investing real money. The profits depend on the market conditions and perimeters of the robot set by the trader. The platform advises its users to check the community forum to determine how other investors benefited from the robot with their settings.
Safety and security of Cryptohopper
The system has no withdrawal rights, and the trader funds are kept in their exchange to reduce security threats. It also has 2FA and AWS hosting, making this platform a reasonably secure site. The API keys are encrypted, and DDoS protection is active.
Customer support
Traders can reach out to customer service via live chat or a ticket form. Users can ask questions and look up information about the bot in the knowledge base. Cryptohopper has 200 user reviews on the TrustPilot platform, where a client wrote that the platform has dedicated support, and the documentation explains the features in detail.
Reputation
Cryptohopper was launched in 2017 by two brothers from Amsterdam, Netherlands. It has been in business for almost five years with a community of 592,679 traders.
Team members
The team members include Ruud and Pim Feltkamp, co-founders. They do not provide any further information on their portfolio. There are no LinkedIn or social media profiles available.
Exchange compatibility
Cryptohopper supports the following exchanges:
- Binance
- Coinbase Pro
- Bitfinex
- Kraken
- Huobi
- Poloniex
- crypto.com
- Bybit
- Bitpanda pro
- Bitvavo
- HitBTC
- Bittrex
- Kucoin
- Okex
Cryptohopper pricing: is it worth your money?
Cryptohopper can be purchased in reasonable pricing plans starting from 19$/month, 49$/month, and 99$/month. It also includes a free trial and package. Every subscription offer consists of a live trading terminal, portfolio management, manual trading, syncing and reserve positions, personal and global stats, strategy builder and backtesting, 130+ indicators and candlesticks.
Cryptohopper review: upsides and downsides
The strength and drawbacks of Cryptohopper are discussed in the given table.
| Upsides | Downsides |
| It has an easy-to-use and user-friendly interface | The free package does not include the most valuable features |
| Traders can subscribe to signallers and access templates from the marketplace | The website only supports the English language |
| The pricing cost is reasonable |
Cryptohopper review: final remarks
Cryptohopper supports significant cryptocurrency exchanges, and the platform is intuitive and includes expert-level features. The bots are configurable with ease in a short time, and there are no hidden fees. It also has complete transparency on the backtesting records.
