We continue the theme of online cryptocurrency trading and bring to your attention the CryptoHopper platform trading bot review.
Further in the article, we will try to answer questions such as «What is CryptoHopper?», «Is it legit and safe?», «How to start earning with CryptoHopper?», «What are the pros and cons?» and more.
What is Cryptohopper?
It is one of the most popular modern cryptocurrency trading platforms across 16 major exchanges.
CryptoHopper software are automatic and semi-automatic trading bots. The first ones independently place trading orders for buying and selling currencies, earning for you non-stop 24/7. The second ones copy the trading strategies of the best traders and offer you them as the basis for your successful trades. It is also possible to configure your bot depending on your preferences and strategic scenarios.
Cryptohopper’s Reputation
According to reviews from some reputable Internet sources and comments from traders, CryptoHopper is one of the most reliable crypto trading platforms.
How long has Cryptohopper been in business?
The CryptoHopper platform began operations in 2017, first as a family business and then grew into a company with a monthly trading volume of around US$2 billion.
Where is Cryptohopper based?
The trademark CryptoHopper B.V. is located at 18A Johan van Hasseltweg, 1022WV Amsterdam, The Netherlands and has over 25,000 affiliates worldwide.
Who is the CEO of Cryptohopper?
This company was founded by two brothers Ruud and Pim Feltkamp. They still lead a team of successful specialists to this day.
Pros and Cons of Cryptohopper
Below we provide a comparison of the advantages and drawbacks of the mentioned trading platform:
Cryptohopper: Pros ✔
- Availability of a free plan and demo trading mode for beginner traders;
- No additional commission from orders;
- Copy Trading Option;
- Possibility to design your own trading strategy;
- Availability of a mobile application with additional functions;
- Excellent CryptoHopper customer support team.
Cryptohopper: Cons ❌
- Additional payment for high-quality signals;
- Limited features of the free version.
How safe and secure Cryptohopper is?
Ensuring a high level of security and confidentiality for successful clients’ trading operations is not an empty phrase for the CryptoHopper platform team. High-tech SSL encryption is used to protect customer data from unauthorized access. In addition, CryptoHopper bots do not have access to the client’s e-wallet, and get connection with the exchanges using API keys.
Cryptohopper Pricing and Plans
At the moment there are four CryptoHopper pricing plans. One of them is free, while three other CryptoHopper plans are at a discount.
Pioneer
- 20 positions available;
- Portfolio Management;
- Manual Trading;
- Access to all CryptoHopper supported exchanges;
- Cost: free.
Explorer
- 50 psns;
- Portfolio Management;
- Manual Trading;
- All exchanges;
- Cost: USD 16,58/month (saving $2,42).
Adventurer
- 200 psns;
- Portfolio Management;
- Manual Trading;
- All exchanges;
- Cost: USD 41,58/month (saving $7,42).
Hero
- 50 psns;
- Portfolio Management;
- Manual Trading;
- All exchanges;
- CryptoHopper Market Arbitrage;
- Algorithm Intelligence;
- Cost: USD 83,25/month (saving $15,75).
The «Explorer» plan includes a 7-day trial period.
How to start using Cryptohopper
The registration procedure on the CryptoHopper platform is simple and does not take much time. We offer you a step-by-step strategy for getting started with the CryptoHopper bot:
- Primarily, you need to create an account and confirm it by clicking on the link that will be sent to your email;
- Then, you need to set up your account. To do this, you will have to follow the instructions of the Wizard, who will help you create your Hopper;
- Next, you need to connect a crypto exchange by selecting it from the list supported by CryptoHopper. You will also need to create API keys to connect;
- Finally, you will need to choose a trading strategy (Hopper) from the list, or set up your own.
If you are a beginner, it is better for you to choose a ready-made strategy and test it on historical data in demo trading mode.
What exchanges does Cryptohopper support?
Currently, CryptoHopper supports 16 exchanges. This list includes Binance, Binance.us, Bittrex, Bitfinex, ByBit, BitPanda Pro, BitVavo, CoinBase Pro, Crypto.com, EXMO, HitBTC, Huobi Pro, Kraken, KuCoin, OKX and Poloniex.
What can you do with Cryptohopper?
This platform allows you to make orders using various trading strategies:
- Automated Trading. The CryptoHopper trading bot trades 24/7 even when you have rest.
- MarketMaker. This is a bot that creates a market by making some money on the spread between buying and selling.
- MirrorTrading. This mode allows you to copy the successful strategies of experienced traders.
- Trailing Stop. This is a tool for fixing profits and reducing the chances of high risk.
- PaperTrading. This is a kind of training mode where you can test your strategy before you enter the real market with it.
- Signals. Through the signalman’s tab, you can receive signals for your CryptoHopper. Technical analysts send information when it is better to sell and when to buy cryptocurrency. Use only signals from trusted signalmen.
- Crypto Arbitrage. CryptoHopper arbitrage bots review cryptocurrency prices on various exchanges and markets earning on the difference in these prices. You are offered two options for such trading: Market Arbitrage and Exchange Arbitrage.
- Strategy Designer. This is a constructor, using which you can create your own trading strategy.
Cryptohopper Demo Account
Starting with CryptoHopper, you have the opportunity to conduct demo trading. You can test your strategy on historical data before moving on to trading in the real market.
Cryptohopper Alternatives
The development of bots for crypto trading is now quite popular. Each provider tries to surpass its competitors and offer a product with its own specific feature. Below we will present for comparison the three main paid CryptoHopper competitors, Bitsgap, Napbots and TradeSanta.
Bitsgap
This is one of the leading projects in the creation of automated cryptocurrency trading bots, founded in 2016 in Estonia. The overall features are as follows:
- 25 supported exchanges;
- Availability of various automated bots, such as Grid, TWAP, DCA;
- An opportunity of Arbitrage Trading;
- Availability of market signals and risk management tools;
- A high security level of trading operations;
- Suitable for beginners (a convenient design, demo trading mode, support service and a good database of training guides);
- Cloud-based, that’s why there is no need to download any apps;
- Availability of a demo account;
- There are three pricing plans: Basic – USD 19/month, Advanced – USD 44/month and Pro – USD 110/month. Availability of a 14 days free trial period.
Napbots
This is a development of the French group of companies «Napoleon Group», which has been designing trading bots for over 10 years. The list of main characteristics is below:
- Supports 7 crypto exchanges;
- Offers clients 15 various trading strategies + a possibility to create your own;
- A high security level for clients’ funds and data;
- Availability of market signals;
- Cloud-based;
- Suitable for beginners (a convenient design, ease of use, a community support center, availability of training material);
- Currently, there are 3 pricing plans: Silver €16/month, Gold €41/month and Platinum €83/month. All three plans have a 7 days free trial period.
TradeSanta
A popular crypto trading platform with a community of about 210,000 traders. The list of main features is as follows:
- 8 crypto exchanges supported;
- Availability of Grid and DCA bots;
- A possibility to trade in both spot and futures markets;
- Availability of risk management tools and market signals;
- Cloud-based;
- There is Demo Trading Mode;
- Suitable for beginners (an intuitive and uncomplicated design, a 24/7 customer support team, a large amount of educational material);
- There are three pricing plans: Basic USD 15 per month, Advanced USD 27 per month and Max USD 35 per month. There is a free trial period for all three plans.
Review Conclusion
Taking into account the above-mentioned information, we can conclude that CryptoHopper is a decent and reliable platform for automated and semi-automated cryptocurrency trading, which is suitable for both beginners and experienced traders.
