Cryptohopper is a fully automatic trading bot with unique tools and features like DCA, market making, portfolio management, etc. Per the vendor, traders can manage all their accounts from a single interface. The platform has a marketplace where users can access templates, signals, and strategies essential for trading in a volatile market. This review will investigate the system’s trading approach, security measures, and profitability to decide if it generates income and is safe to use in 2022.
Automated trading at Cryptohopper: how does it work?
Cryptohopper trades cryptocurrencies on many exchanges, where traders can earn money utilizing various techniques, signals, and technical indicators offered by the platform 24/7. It uses an A.I technology with a neural network that learns and updates itself according to the market conditions.
Cryptohopper bot features
The most significant features of Cryptohopper include:
- The mirror trading feature allows traders to follow experts and buy/sell cryptocurrency accordingly.
- Traders can backtest their strategies and configurations.
- Cryptohoppers offers above 130 technical indicators and candle patterns like Trend volatility, momentum, etc.
- The exchange arbitrage enables traders to benefit from price differences.
Cryptohopper trading strategy: A.I trading
Cryptohopper uses several strategies based on multiple indicators and signals. The bots have algorithmic intelligence that uses neural networks and decides the best trading approach for the traders. It automatically adjusts the robots and applies strategies for different market conditions.
Steps to follow to trade with Cryptohopper
Traders can start trading with Cryptohopper in the following simple steps:
- Create an account on the platform
- Select the “create new hopper” option from the left top of the dashboard
- Choose a template for your bot
- Choose an exchange and a trading pair
- Link the API keys to your exchange
- Choose a trading strategy or join up with signal providers on the market
- Start the bot
Cryptohopper fees & account minimum requirements
Cryptohopper does not mention the maker/taker fees or trading fees. The minimum deposit depends on the exchange, and the vendor recommends that $20 is good for starting with the robots.
Cryptohopper supports 16 cryptocurrency exchanges that are listed below:
- Binance. U.S.
Cryptohopper supports hundreds of cryptocurrencies, and they are listed on the website. Major coins include BTC, LTC, ETH, USDT, BNB, XRP, ADA, DOGE, etc.
Cryptohopper lacks backtesting records on their website from where we can analyze the bot’s performance. There are user reviews on trusted platforms, which indicates that traders have benefited from the service.
How to withdraw your funds with Cryptohopper?
Investors can withdraw a minimum of $75 from their account and $200 for bank transfer. The maximum withdrawal is $2000, and the coins will be automatically converted into fiat currencies. The setting has a withdrawal option on the bottom left corner of the screen.
Is it a costly crypto trading tool?
Cryptohooper is available in three monthly and annual subscription plans. The offers start from $19, and the platform also offers a free package. The prices are average considering the features and tools of the bot.
Cryptohopper security and safety
Users’ accounts are protected by two-factor authentication, and Cryptohopper does not have withdrawal rights to funds. Cloudflare provides a web application firewall and active DDoS protection for the website. Passwords and API keys are encrypted and saved by the platform.
Cryptohopper regulation and legitimacy
Cryptohopper is a legit software with user reviews on a trusted third-party website, TrustPilot. The platform claims that it is featured in different media outlets like Forbes, DailyMail, Bloomberg, etc.
Cryptohopper team members
Cryptohopper was launched in 2017 by two brothers, Ruud and Pim Feltkamp. The company headquarters exist in Amsterdam, Netherlands.
Is Cryptohopper customer support good?
Customer support at Cryptohoppers is available in various forms, such as live chat or contact form. Traders can ask questions and consult the knowledge base documentation for answers.
Cryptohopper has 205 customer reviews on TrustPilot with a rating of 3.7/5. It has 59% excellent feedback from the users. One of the clients writes that the support is very fast and clear.
Is choosing Cryptohopper the right choice for you?
Cryptohopper has some unique tools and features within its bots. Traders can benefit from the free plan and test the platform before using it on their live accounts which makes it the right choice for any investor.
Cryptohopper offers preset templates and strategies for the bots, and traders can configure them as they like. The A.I technology enables investors to copy the settings for their robots from professionals. The table below will explain the advantages and flaws of the system.
Cryptohopper Crypto Bot Conclusion
Cryptohopper is an automated cryptocurrency bot with pre-built templates and configurations. The bots are powered by algorithm intelligence technology which recommends the best trading approach. Investors can access their accounts from a mobile application available on Google and Apple store. A range of available exchanges allows traders to diversify their portfolios with ease and earn a decent income on their investments.
Ease of Use