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Cryptohopper Review: Positives and Negatives of Using This Crypto Bot

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Cryptohopper

Cryptohopper enables traders to purchase/sell cryptocurrencies 24/7 on all supported exchanges from a single interface. It offers unique features and tools like DCA, short selling, etc. Traders can start for free for seven days with a simulator bot and test their system’s performance to get an idea of its profitability and potential risks. While analyzing its working, features, pricing, benefits/ flaws, getting started with the platform, etc., We have found that the system is a great trading tool, because of its efficient functionality and ease usage.

What is Cryptohopper?

Cryptohoppers offers trading algorithms that connect with cryptocurrency exchanges through API keys. Traders can benefit from several strategies designed by experts to scan the market for suitable positions. It lets investors buy/sell tokens on multiple platforms like Binance, Bybit, Okx, etc. The system is safe because it does not have any access to traders funds and ensures good performance.

Features of the Cryptohopper platform

Crytohopper offers beginners and expert traders unique tools and characteristics, such as:

  • Traders can download templates with predefined settings for the bot.
  • Backtesting the strategies with paper trading allows users to trade with demo funds.
  • The exchange arbitrage feature profit from price changes.
  • It uses AI technology that chooses better strategies to trade in the market.

The use of neural approach in determining the best game plans means that the overall drawdown/ profit ratio is kept at a reasonable level. Analyzing historical performance can help you understand vital statistics such as overall winning rate and profit factor of the system.

How does the Cryptohopper bot operate?

Cryptohopper employs artificial intelligence (AI) technology, which uses a neural network to learn as it trades. The bots will search the volatile market and place orders according to the strategy. The platform offers three kinds of bots Trading, Arbitrage, and Market-maker. After connecting to your exchange via API keys these algorithms will open/close trades according to the coded information and strategy.

The types of bots available

The types of bots available

Registration process

Investors can begin trading with Cryptohopper by following the steps below:

Step 1: Signup

Register for a free account on the platform.

Step 2: Link Exchange

Choose an exchange and a trading pair.

Step 3: API keys

Link the API keys to your exchange.

Step 4: Trading approach and templates

Choose a trading strategy or join up with signal providers on the market.

Step 5: Start trading

Start the bot.

Is it easy to use Cryptohopper??

Cryptohoppers provides templates that include predefined settings for the bot that only requires to be linked to the exchange. Traders with no coding skills or experience in the market can benefit from paper trading with demo funds. The platform provides all docs and tutorials about the system on their website.

Cryptohopper fees, commissions, limits, and payment options

Cryptohopper offers three monthly pricing plans and a free package. The subscriptions cost $19 for a standard plan with 50 positions and $49 for the adventurer. Professional traders can buy it for $99 a month, including portfolio management, 500 positions, signals, etc. They can be purchased via credit card, PayPal, and cryptocurrency.

Monthly pricing plans

Monthly pricing plans

Cryptohopper: withdrawal

It takes six weeks for the funds to appear in traders’ accounts, and they are automatically converted into fiat currencies on Cryptohopper. Users can not withdraw less than $75.

Withdrawing funds on Cryptohopper

Withdrawing funds on Cryptohopper

How much should you deposit to start trading with Cryptohopper?

Traders can start trading with Cryptohopper by depositing $20 to their accounts, The platform recommends 300Euros for optimal results. Depending on the country or bank, it can take several days to transfer funds to the platform’s account.

Minimum deposit requirement

Minimum deposit requirement

Partnered exchanges and brokers

Cryptohopper supports 16 cryptocurrency exchanges which are named below:

  • Binance
  • Binance. US
  • EXMO
  • Coinbase Pro
  • Bitfinex
  • Kraken
  • Huobi
  • Poloniex
  • crypto.com
  • Bybit
  • Bitpanda pro
  • Bitvavo
  • HitBTC
  • Bittrex
  • Kucoin
  • Okex

Is it beginner-friendly?

Cryptohopper provides detailed documentation that explains the working and features of their bots. Tutorials are present for beginners to understand the system. Newbies can also benefit from mirror trading, which allows them to copy the setting of professional traders.

Is it a profitable system?

Cryptohopper provides paper trading and backtesting for monitoring bot performance without risking real money. Profits are determined by market conditions and the robot’s parameters set by the trader. The platform has a total rating of 3.7 for 203 reviews on trust pilot where traders comment that the company is offering quality customer support.

Security & regulation

Cryptohopper can not withdraw the traders’ funds and secures the accounts through API keys with 2FA. The website is protected by Cloudflare and hosted on Amazon web services.

Company information

Two brothers from Amsterdam, the Netherlands, founded Cryptohopper in 2017. The team includes Ruud and Pim Feltkamp, as co-founders. After seeing the potential in cryptocurrencies they decided to produce an automated trading platform.

Cryptohopper developers

Cryptohopper developers

Should you trade with Cryptohopper?

Cryptohopper has the tools and strategies to benefit from the volatile cryptocurrency market. It is suitable for both beginners and experts and allows users to backtest the past data without investing real money.

Cryptohopper Crypto Bot

7.4

Cryptohopper bots are AI-powered algorithms that learn and improve as market conditions change. It supports 16 major exchanges and offers professional tools to help profit from the market. The platform is secure and keeps your data safe from third parties.

  • It offers a free trial for seven days
  • Traders can trade with demo funds without investing real money via a simulator
  • Portfolio management from a single interface
  • The dashboard only supports the English language

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