Cryptohopper OPINIONS AND REVIEWS 2021: Crypto Trading Bot - All Advantages and Disadvantages

Contents

⌛ Reading time: 17 minutes
4.5 / 5 - (38 votes)

 

Cryptohopper is a cryptocurrency trading bot designed to help simplify the cryptocurrency trading process and help traders of all experience levels make the most of their trading opportunities, maximize profits and reduce the risk of losses.
 
While there are a number of cryptocurrency trading bots currently available such as 3commas, Cryptohopper aims to help traders by providing an easy to use service that allows its users to easily trade multiple cryptocurrencies by removing human weaknesses from their trading process.
 
 

Cryptohopper homepage

 
The semi-automated bot does not guarantee profits and simply allows traders to make smarter trades based on algorithmically programmed trading approaches and external signals.

Visit Cryptohopper

Cryptohopper at a glance
 price Free trial / $ 19 / $ 49 / $ 99 per month
 payment options
PayPal / Bank transfer / Crypto
 exchange
OKEX / KuCoin / Bitvavo / Binance / Binance US / Coinbase Pro
Bittrex / Poloniex / Kraken / Bitfinex / Huobi
 cloud based
Yes
 Free and paid signals market
 30+ indicators / 90+ candle patterns
Cryptohopper overview
 
The Cryptohopper website claims that the project was started by two brothers: Ruud Feltkamp & Pim Feltkamp one became a successful trader, and the other a brilliant web developer.
 
The two have combined their ideas, skills and experiences to create a bot that automatically trades for the user, works 24/7 and works with a variety of cryptocurrencies, while being compatible with a number of cryptocurrency exchanges via one interface. application programming (API).
 
The platform is owned and operated by Cryptohopper BV, based in Amsterdam, The Netherlands, and the cryptohopper.com domain was registered in July 2017.
 
 
The official site is home to the semi-automatic trading bot, which allows traders to remove human tendencies and emotions from the trading process and instead rely on technique-based trading algorithms and programmed trading approaches.
 
Users can also subscribe to external signals and the trading solution caters to cryptocurrency traders of all experience levels and the team announced that they have over 75.000 users.
 
 
 
 
Cryptohopper is compatible with 75 cryptocurrencies and nine major exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex.

Visit Cryptohopper

Features of Cryptohopper

 
Functionality - Cryptohopper works as a web-based solution, and has an easy to use and intuitive user interface that includes a wide range of features. Users can configure the bot to automatically trade 24/7. Trading strategies can be derived from various technical indicators or following the actions of third party trading experts.
Technology - Semi-automated trading is done via API integration with a number of cryptocurrency exchanges and the service can be used on any internet connected device such as a desktop, laptop, tablet or mobile phone.
  • Range of tools - The platform provides a good range of trading tools and incorporates features such as a bot backtesting tool, configurable templates, trailing stops and customizable technical indicators.
    Exchange Integration - Cryptohopper is currently compatible with nine exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex. Support for BitFlyer, Bitstamp, CEX. IO, Cobinhood and HitBTC are expected to arrive soon.
    Customer Support - The platform has a dedicated team that is available to address any issues. Users can contact the team by submitting a support ticket in the Support section, and they can also be contacted via their Twitter account, the Telegram group and Facebook.The site also contains a series of FAQs in the Support section, as well as a series of tutorials that help users navigate the platform. The team also produced the Cryptohopper Library Academy video.
     
     
     
     

    Registration of Cryptohopp is

     
    Creating an account is a simple process, and the main page has a green “Register” tab at the top of the page.
     
    1) Create an account
     
    Visit the Cryptohopper website and enter a name, email address, username and password to register.
     
     
     
     
    You can then confirm your email account by clicking on the activation link in the email sent, and log into the dashboard.
     
     
     
     
    2) Set up your account
     
    From here you can simply follow the wizard which will help you quickly set up your trading strategy. All you have to do is select a trade and set up the bot via the API keys of your favorite trade and also set up the basic configurations. The process is very simple and there are links to tutorials and additional helpful information on each step.
     
     
     
     
    You can immediately start using your strategy, and once you have used the wizard and set up your account, you will be able to access a number of features from the dashboard. You can sign up for signals, set up templates and start testing your bot, as well as set up two-factor authentication security on your account.
     
    3) Underwrite the signals
     
    Cryptohopper allows users to subscribe to built-in professional external signals, and the signalman service is provided by experienced traders looking for positive signs of an upward movement. There are free and paid subscriptions available and bots can be set up to follow flaggers with just a few clicks.
     
     
     
     
    Traders have easily accessible performance reports and their profitability can be monitored, and they use cloud computing and machine learning algorithms to systematically monitor numerous technical indicators on a range of digital currencies.
     
    You can combine buy signals and technical analysis indicators at the same time, as well as set stop and trailing stop limits.

Cryptohopper prices

 
There are three main pricing plans; however, Cryptohopper also allows members to use a 7-day free trial, known as the “Pioneer Plan”.
 
Users can simply sign up and start using the service without having to submit any payment details. When the trial month ends, the trading strategy is automatically disabled, and users can choose to purchase a full membership.
 
 
 
 
The plans for anyone who chooses to sign up are as follows:
 
Pioneer Plan: 7-day free trial
 
80 shares
Max 15 selected cryptocurrencies
Max 2 triggers
TA with 10 min interval
1 simulated trading bot
 
Explorer: Starter Package ($ 19 per month)
 
80 shares
Max 15 selected cryptocurrencies
Max 2 triggers
TA with 10 min interval
1 simulated trading bot
 
Adventure: Trader Plus Package ($ 49 per month)
 
200 shares
Max 50 selected cryptocurrencies
Max 5 triggers
TA with 5 min interval
1 simulated trading bot
Commercial arbitrage
 
Hero: Pro Trader Package ($ 99 per month)
 
500 shares
Max 75 selected cryptocurrencies
Max 10 triggers
TA with 2 min interval
All coins for signals
Market arbitrage
Market Making
1 simulated trading bot
 
You can either pay per month or purchase the service for a full year, it is also important to note that Cryptohopper does not provide any refunds and users should make the most of the free trial before committing to a subscription.
 
 

Is Cryptohopper Easy For A Beginner To Learn?

 
While many trading robots are best reserved for more experienced traders, Cryptohopper includes a number of features aimed at beginners. These include the Hopper Academy which is available to all members and allows everyone to access a video library that explains exactly how Cryptohopper works and the best ways to use the service.
 
Cryptohopper has also developed an active community, and for newcomers to cryptocurrency trading this should prove extremely useful. There are active groups on Discord and Telegram, as well as a special forum for members which is available in English, French, Spanish, Dutch and Portuguese.
 
As a result, new users are able to discuss and learn from more experienced users around the world, and continue to learn around the clock.
 
 
 
 
The platform has also been designed to be easy to use, requiring no professional programming experience or advanced technical knowledge.
 
Cryptohopper also allows full backtesting, and beginners can easily check if their setups are working accurately by testing their setup.
 
Users can see how much they would have earned in the past and adjust their bots to get a better understanding of how everything works as they learn the ropes.
 
Cryptohopper market
 
Your Cryptohopper dashboard will give you access to their market, this is a feature that many trading platforms offer. The market allows you to get trading strategies for your bots - some are free and some are paid. This is ideal for beginners as it essentially allows you to “plug and play” your chosen strategy that has been created by experienced traders and test it on your own account.
 
If you are an expert in creating trading robots, this could also be a source of income for you by creating and selling your own models on the market.

 

Is Cryptohopper Safe?

 
The project is very active on social media and has a large number of users, and new members can also browse Reddit to interact with previous users and gauge general sentiment towards the project.
 
However, there is little information available on who is behind the project, even though the company has made its information about the Dutch company public and is registered as Cryptohopper BV, Johan van Hasseltweg 18A 1022 WV, Amsterdam, The Netherlands.
 
As with all trading bots, users are not required to transfer money to an account controlled by the bot's developers, as bots generally operate via an API that allows them to perform transactions on linked exchanges. You need to provide your API keys which are generated on your favorite exchanges, and these keys give the bot limited access to your account for trading purposes.
 
Bots do not get withdrawal rights, and in the event of a hack or data breach, hackers would not be able to access your funds directly. The Cryptohopper team has also developed working relationships with some of the leading exchanges in the industry, and users can also set up two-factor authentication (2FA) to further secure their accounts.
 

Cryptohopper Summary

 
Cryptohopper is an auto trading bot that trades on your behalf using trading algorithms. Once you connect an API to a cryptocurrency exchange, you can select a number of strategies that the bot will implement in an attempt to make a profit.
 
The online dashboard allows users to easily monitor their performance, as well as flagger reports and subscription to the best signals.
 
Users can also track their trading statistics and history, as well as the price movements of around 75 cryptocurrencies. While the service is simple to set up and easy to use, it also incorporates a full range of trading features, including:
 
Stop loss 
Stop buy
Average costs in dollars
Stop loss
Pool configuration
trigger
Backtesting
Scrubber wallet
Automatic synchronization
Reserve fund
Manual buying and selling
 
 

Conclusion

 
Cryptohopper was designed to provide the general cryptocurrency community with a viable solution that helps traders generate profits. The mix of technical and expert indicators or third party signals provides traders with more options, as do the backtesting pattern and features.
 
While Cryptohopper is essentially an algorithmic trading bot, it is easy to set up and use and is suitable for both new and experienced traders. The team has put a considerable effort into developing a platform that is suitable for beginners, and new users are also able to access extensive education and community-driven resource sections.
 
The inclusion of the Cryptohopper Academy video series and Hopper's multilingual forum are extremely beneficial for anyone who wants to familiarize themselves with cryptocurrencies or learn how to use trading bots.
 
With its full list of features, general usability, and support for 75 different cryptocurrencies and nine leading exchanges, Cryptohopper has a lot to live up to and does well to stand out in a market filled with competing trading bots and cryptocurrency management platforms.
 
To stay safe, it's best to set up 2FA on your account, and make full use of the free trial, as well as making a modest financial commitment to get started. It may also be a good idea to link the bot with a live account that holds a moderate amount of funds, as there is less risk if the bot underperforms or the signals do not generate the expected results.
It is also important to note that if trading bots do not have access to withdrawal, if they are compromised an attacker can take advantage of access to a bot's API to buy extremely low-value tokens which are then "pumped and dumped". This has happened in the past, and it's a security issue that needs to be addressed by both trading bot developers and cryptocurrency exchanges.
 
Users have reported that free third-party signals are of poor quality, especially in bear markets, and that notifications arrive too late, exposing the bot to sudden slowdowns. Therefore, users should spend some time looking for signals and try to subscribe to more reliable paid signal services.
 
That said, with the market starting to recover, new traders can look to the Cryptohopper platform as an easy way to familiarize themselves with the markets and learn how to trade cryptocurrencies before experiencing another bull run.
 
The platform is well positioned to serve both novice and more experienced traders and incorporates a number of features that all its members can benefit from. It is well designed, easy to use and has developed a great reputation over the years.

visit Cryptohopp is

 

 

Benefits


Easy to set up
Educational tools
Economic
Lots of features


disadvantages

 

Cryptohopper is a cryptocurrency trading bot designed to help simplify the cryptocurrency trading process and help traders of all experience levels make the most of their trading opportunities, maximize profits and reduce the risk of losses.
 
While there are a number of cryptocurrency trading bots currently available such as 3commas, Cryptohopper aims to help traders by providing an easy to use service that allows its users to easily trade multiple cryptocurrencies by removing human weaknesses from their trading process.
 

Cryptohopper homepage

 
The semi-automated bot does not guarantee profits and simply allows traders to make smarter trades based on algorithmically programmed trading approaches and external signals.

Visit Cryptohopper

Cryptohopper at a glance
 price Free trial / $ 19 / $ 49 / $ 99 per month
 payment options
PayPal / Bank transfer / Crypto
 exchange
OKEX / KuCoin / Bitvavo / Binance / Binance US / Coinbase Pro
Bittrex / Poloniex / Kraken / Bitfinex / Huobi
 cloud based
Yes
 Free and paid signals market
 30+ indicators / 90+ candle patterns
Cryptohopper overview
 
The Cryptohopper website claims that the project was started by two brothers: Ruud Feltkamp & Pim Feltkamp one became a successful trader, and the other a brilliant web developer.
 
The two have combined their ideas, skills and experiences to create a bot that automatically trades for the user, works 24/7 and works with a variety of cryptocurrencies, while being compatible with a number of cryptocurrency exchanges via one interface. application programming (API).
 
The platform is owned and operated by Cryptohopper BV, based in Amsterdam, The Netherlands, and the cryptohopper.com domain was registered in July 2017.
 
The official site is home to the semi-automatic trading bot, which allows traders to remove human tendencies and emotions from the trading process and instead rely on technique-based trading algorithms and programmed trading approaches.
 
Users can also subscribe to external signals and the trading solution caters to cryptocurrency traders of all experience levels and the team announced that they have over 75.000 users.
 
 
 
 
Cryptohopper is compatible with 75 cryptocurrencies and nine major exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex.

Visit Cryptohopper

Features of Cryptohopper

 
Functionality - Cryptohopper works as a web-based solution, and has an easy to use and intuitive user interface that includes a wide range of features. Users can configure the bot to automatically trade 24/7. Trading strategies can be derived from various technical indicators or following the actions of third party trading experts.
Technology - Semi-automated trading is done via API integration with a number of cryptocurrency exchanges and the service can be used on any internet connected device such as a desktop, laptop, tablet or mobile phone.
  • Range of tools - The platform provides a good range of trading tools and incorporates features such as a bot backtesting tool, configurable templates, trailing stops and customizable technical indicators.
    Exchange Integration - Cryptohopper is currently compatible with nine exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex. Support for BitFlyer, Bitstamp, CEX. IO, Cobinhood and HitBTC are expected to arrive soon.
    Customer Support - The platform has a dedicated team that is available to address any issues. Users can contact the team by submitting a support ticket in the Support section, and they can also be contacted via their Twitter account, the Telegram group and Facebook.The site also contains a series of FAQs in the Support section, as well as a series of tutorials that help users navigate the platform. The team also produced the Cryptohopper Library Academy video.
     
     
     
     

    Cryptohopper registration

     
    Creating an account is a simple process, and the main page has a green “Register” tab at the top of the page.
     
    1) Create an account
     
    Visit the Cryptohopper website and enter a name, email address, username and password to register.
     
     
     
     
    You can then confirm your email account by clicking on the activation link in the email sent, and log into the dashboard.
     
     
     
     
    2) Set up your account
     
    From here you can simply follow the wizard which will help you quickly set up your trading strategy. All you have to do is select a trade and set up the bot via the API keys of your favorite trade and also set up the basic configurations. The process is very simple and there are links to tutorials and additional helpful information on each step.
     
     
     
     
    You can immediately start using your strategy, and once you have used the wizard and set up your account, you will be able to access a number of features from the dashboard. You can sign up for signals, set up templates and start testing your bot, as well as set up two-factor authentication security on your account.
     
    3) Underwrite the signals
     
    Cryptohopper allows users to subscribe to built-in professional external signals, and the signalman service is provided by experienced traders looking for positive signs of an upward movement. There are free and paid subscriptions available and bots can be set up to follow flaggers with just a few clicks.
     
     
     
     
    Traders have easily accessible performance reports and their profitability can be monitored, and they use cloud computing and machine learning algorithms to systematically monitor numerous technical indicators on a range of digital currencies.
     
    You can combine buy signals and technical analysis indicators at the same time, as well as set stop and trailing stop limits.

Cryptohopper prices

 
There are three main pricing plans; however, Cryptohopper also allows members to use a 7-day free trial, known as the “Pioneer Plan”.
 
Users can simply sign up and start using the service without having to submit any payment details. When the trial month ends, the trading strategy is automatically disabled, and users can choose to purchase a full membership.
 
 
 
 
The plans for anyone who chooses to sign up are as follows:
 
Pioneer Plan: 7-day free trial
 
80 shares
Max 15 selected cryptocurrencies
Max 2 triggers
TA with 10 min interval
1 simulated trading bot
 
Explorer: Starter Package ($ 19 per month)
 
80 shares
Max 15 selected cryptocurrencies
Max 2 triggers
TA with 10 min interval
1 simulated trading bot
 
Adventure: Trader Plus Package ($ 49 per month)
 
200 shares
Max 50 selected cryptocurrencies
Max 5 triggers
TA with 5 min interval
1 simulated trading bot
Commercial arbitrage
 
Hero: Pro Trader Package ($ 99 per month)
 
500 shares
Max 75 selected cryptocurrencies
Max 10 triggers
TA with 2 min interval
All coins for signals
Market arbitrage
Market Making
1 simulated trading bot
 
You can either pay per month or purchase the service for a full year, it is also important to note that Cryptohopper does not provide any refunds and users should make the most of the free trial before committing to a subscription.
 
 

Is Cryptohopper Easy For A Beginner To Learn?

 
While many trading robots are best reserved for more experienced traders, Cryptohopper includes a number of features aimed at beginners. These include the Hopper Academy which is available to all members and allows everyone to access a video library that explains exactly how Cryptohopper works and the best ways to use the service.
 
Cryptohopper has also developed an active community, and for newcomers to cryptocurrency trading this should prove extremely useful. There are active groups on Discord and Telegram, as well as a special forum for members which is available in English, French, Spanish, Dutch and Portuguese.
 
As a result, new users are able to discuss and learn from more experienced users around the world, and continue to learn around the clock.
 
 
 
 
The platform has also been designed to be easy to use, requiring no professional programming experience or advanced technical knowledge.
 
Cryptohopper also allows full backtesting, and beginners can easily check if their setups are working accurately by testing their setup.
 
Users can see how much they would have earned in the past and adjust their bots to get a better understanding of how everything works as they learn the ropes.
 
Cryptohopper market
 
Your Cryptohopper dashboard will give you access to their market, this is a feature that many trading platforms offer. The market allows you to get trading strategies for your bots - some are free and some are paid. This is ideal for beginners as it essentially allows you to “plug and play” your chosen strategy that has been created by experienced traders and test it on your own account.
 
If you are an expert in creating trading robots, this could also be a source of income for you by creating and selling your own models on the market.

 

Is Cryptohopper Safe?

 
The project is very active on social media and has a large number of users, and new members can also browse Reddit to interact with previous users and gauge general sentiment towards the project.
 
However, there is little information available on who is behind the project, even though the company has made its information about the Dutch company public and is registered as Cryptohopper BV, Johan van Hasseltweg 18A 1022 WV, Amsterdam, The Netherlands.
 
As with all trading bots, users are not required to transfer money to an account controlled by the bot's developers, as bots generally operate via an API that allows them to perform transactions on linked exchanges. You need to provide your API keys which are generated on your favorite exchanges, and these keys give the bot limited access to your account for trading purposes.
 
Bots do not get withdrawal rights, and in the event of a hack or data breach, hackers would not be able to access your funds directly. The Cryptohopper team has also developed working relationships with some of the leading exchanges in the industry, and users can also set up two-factor authentication (2FA) to further secure their accounts.
 

Cryptohopper Summary

 
Cryptohopper is an auto trading bot that trades on your behalf using trading algorithms. Once you connect an API to a cryptocurrency exchange, you can select a number of strategies that the bot will implement in an attempt to make a profit.
 
The online dashboard allows users to easily monitor their performance, as well as flagger reports and subscription to the best signals.
 
Users can also track their trading statistics and history, as well as the price movements of around 75 cryptocurrencies. While the service is simple to set up and easy to use, it also incorporates a full range of trading features, including:
 
Stop loss 
Stop buy
Average costs in dollars
Stop loss
Pool configuration
trigger
Backtesting
Scrubber wallet
Automatic synchronization
Reserve fund
Manual buying and selling
 
 

Conclusion

 
Cryptohopper was designed to provide the general cryptocurrency community with a viable solution that helps traders generate profits. The mix of technical and expert indicators or third party signals provides traders with more options, as do the backtesting pattern and features.
 
While Cryptohopper is essentially an algorithmic trading bot, it is easy to set up and use and is suitable for both new and experienced traders. The team has put a considerable effort into developing a platform that is suitable for beginners, and new users are also able to access extensive education and community-driven resource sections.
 
The inclusion of the Cryptohopper Academy video series and Hopper's multilingual forum are extremely beneficial for anyone who wants to familiarize themselves with cryptocurrencies or learn how to use trading bots.
 
With its full list of features, general usability, and support for 75 different cryptocurrencies and nine leading exchanges, Cryptohopper has a lot to live up to and does well to stand out in a market filled with competing trading bots and cryptocurrency management platforms.
 
To stay safe, it's best to set up 2FA on your account, and make full use of the free trial, as well as making a modest financial commitment to get started. It may also be a good idea to link the bot with a live account that holds a moderate amount of funds, as there is less risk if the bot underperforms or the signals do not generate the expected results.
It is also important to note that if trading bots do not have access to withdrawal, if they are compromised an attacker can take advantage of access to a bot's API to buy extremely low-value tokens which are then "pumped and dumped". This has happened in the past, and it's a security issue that needs to be addressed by both trading bot developers and cryptocurrency exchanges.
 
Users have reported that free third-party signals are of poor quality, especially in bear markets, and that notifications arrive too late, exposing the bot to sudden slowdowns. Therefore, users should spend some time looking for signals and try to subscribe to more reliable paid signal services.
 
That said, with the market starting to recover, new traders can look to the Cryptohopper platform as an easy way to familiarize themselves with the markets and learn how to trade cryptocurrencies before experiencing another bull run.
 
The platform is well positioned to serve both novice and more experienced traders and incorporates a number of features that all its members can benefit from. It is well designed, easy to use and has developed a great reputation over the years.

Visit Cryptohopper

 

 

Benefits


Easy to set up
Educational tools
Economic
Lots of features


disadvantages


Having to pay extra for signals

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4 Comments on “Cryptohopper OPINIONS AND REVIEWS 2021: Crypto Trading Bot - All Advantages and Disadvantages"

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