Cryptohopper is an automated crypto trading bot that conducts trades on Bitcoin, Litecoin, Ethereum, and over 100+ coins on the world’s top exchanges. The vendor wants us to believe that the product is easy, effective, and innovative. In effect, the bot reportedly hosts 9M+ transactions worth about $2 billion monthly.
Cryptohopper: first impression
A user-friendly bot with many useful features.
Cryptohopper is an AI-based bot that enables you to automate your trading activities, copy professionals, manage your portfolio, and utilize state-of-the-art tools to trade. It is designed to scan the market round the clock and initiate trades based on your signaler or strategy.
The bot searches for trading opportunities on your behalf. It particularly identifies the lowest prices at which to initiate buy orders and sell when the trades are likely to make substantial profits.
How to install Cryptohopper software
The vendor recommends you follow these steps to install the software on your device:
- Create an account with Cryptohopper
- When you log in to your new account, go to the left top of your dashboard, click on ‘Your Hoppers/View all Hoppers’ icon, and then press the ‘New’ button situated in the top right corner of the Hopper overview. For step-by-step guidance on creating a new bot, use the ‘Config Wizard’
- Three Hopper types will appear, namely the trading bot, the arbitrage bot, and the market bot
- After that, select the exchange and trading pair you want to use
- Now, you can backtest your strategy or launch it into the market immediately
What does Cryptohopper have to offer?
There are several features on offer, and we have described them below:
This feature allows you to develop your unique strategies and add indicators of your choice. You can even sell the strategies in the marketplace.
Cryptohopper permits you to add your customer’s API keys, so you can manage all their accounts from a single interface using advanced tools.
A free trading terminal is provided to help you manage your trading portfolio from a single place.
Trading strategies offered by Cryptohopper
The platform integrates several trading strategies, including market making, mirror trading, arbitrage, dollar cost averaging, and shorting. Indicators are also included to help you trade more efficiently.
How Cryptohopper pricing works
Cryptohopper offers both monthly and annual plans for users, but the latter packages are much cheaper in the long run. At the moment, we have a plan called Pioneer that is free. The paid plans include the Explorer, Adventurer, and Hero that go for $19/month, $49/month, and $99/month, respectively. But you will save between $29.04 and $189 with the yearly packages.
All plans support several trading positions, portfolio management, manual trading, and all available exchanges. The Hero plan affords you extra features like market arbitrage and algorithm intelligence.
Fees & commissions
Crytohopper will not deduct any trading fees or commissions from your earnings.
The bot supports a number of exchanges, which we have listed below:
Cryptohopper company overview
This bot is the invention of Cryptohopper B.V., which is a limited liability company governed by the laws of the Netherlands. The company is registered under registration number 70270481, and its main office is situated in Johan van Hasseltweg, Amsterdam. Ruud Feltkamp and Pim Feltkamp are the original founders. They are brothers and possess trading and engineering skills, which have played a critical role in creating this software.
Cryptohopper time in business
Cryptohopper has been around since 2017.
Customer support and user experience
There are numerous customer support options to choose from on the platform. For example, the website includes a knowledge base, live chat, email, FAQs section, a ticket support system, blog articles, and much more.
Security, safety, and privacy
The platform safeguards your security using industry-leading security protocols. For instance, it encrypts API keys and passwords in its database. Cloudflare also safeguards the website from DDoS attacks, while Amazon Web Services secures the site’s servers. Furthermore, the devs don’t have permission to withdraw your money. For extra security, it is recommended you enable 2FA.
Is Cryptohopper for all traders?
Yes, Cryptohopper is for all traders. It is easy to use and comes with customizable settings and strategies that any trader can configure effortlessly. By supporting mirror trading, the platform also allows users to benefit from each other’s experience.