It is a common phenomenon that the cryptocurrency sphere is pretty volatile, with cryptos prices varying significantly in a matter of minutes. Trading in digital-currency could become a source of profit-making for you so long as it is executed effectively with a well-thought-out strategy.
Keep reading if you are exploring automated trading robots and want to see our full CryptoHopper review
A CryptoHopper trading bot is an effective tool for those who are planning to begin trading in cryptocurrency.
Founded by two brothers, Cryptohopper brings easy-to-use and fully equipped services to crypto-investors to trade their multiple cryptocurrencies with ease, without human deficiencies in the entire trading process.
With various plans(including a free trial), CryptoHopper is rapidly growing in popularity on the market today. If you consider employing CryptoHopper for your trading in the cryptocurrency mania, our review will help you decide if it is the right choice for you.
Pros
- Automatic trading on popular exchanges with integrated API
- Top-level analysis tools
- Easy process of configuring your automated bot from the ground up.
- Minimal monthly fees.
- Comprehensive training and tutorials
Cons
- Additional costs for third-party experts/signals help.
- Customer service through online chat only.
CryptoHopper Review:
This CryptoHopper review will answer the most common questions about features, prices, pros and cons of the trading robot and other relevant details so you can make a decision that suits your trading needs.
As investors across the globe are able to carry out their trading 24/7 — Computers can perform and assess the markets and charts better than humans and make more precise trading decisions that often increase your chances for gains.
Hence the idea of trading through employing a bot came into being. Bots or automated software purchases and sells digital currencies on your behalf, at any point in time, to optimize your profits and when the risk of loss is minimal.
Although there are several top cryptocurrency bots available such as Pionex, Trality, Quadency; our write up today a Cryptohopper review.
Pros and Cons
Even though CryptoHopper’s most advanced services are available on paid plans, it does not deduct commission on every single trade. Quite the opposite, the platform works on a monthly fee policy.
Irrespective of the trader, seasoned or at the newbie level, the following is the list of pros and cons one experiences working with CryptoHopper trading bot.
Advantages
- The bot can trade on your behalf on various leading exchanges such as Binance, HitBTC, Coinbase Pro, Bittrex, and many others.
- Provides access to the top-level analysis tools
- Provides a super easy process of configuring your automated bot from the ground up.
- The platform does not cost you anything other than the monthly fees.
- Provides a list of comprehensive tutorials to guide you from scratch to the end.
Disadvantages
- You need to pay for using third-party experts/signals help.
- You can only contact customer service through online chat. No call option exists for such needs.
How CryptoHopper bot Trades
In a nutshell, as the CryptoHopper bot is a software program coded to execute trades on your behalf, it does not require any funds. It will only perform tasks you programmed it to carry out on your exchange’s account.
For instance, you are employing the automated bot to conduct business on the Binance exchange on your behalf; you will need to add finance on your Binance account only.
Having said that, if you’re using that CryptoHopper robot to carry out your trades, you will need to integrate the software with the API of your preferred exchange.
You can get your exchange account’s API key from its settings page. This process of linking your bot with your trading account may differ from exchange-to-exchange.
However, before you get started trading with the software, be sure to get familiar with the back office training provided on the CryptoHopper website, showing you how to connect the platform to the various exchanges.
Once connected with your exchange’s account through API, the CryptoHopper bot can start trading on your stead depending on the settings you programmed it.
According to your already designed strategy, it will perform technical analysis as per the market trends and purchase or sell your crypto-stocks.
Although the CryptoHopper trading bot is programmed to perform on its own, you still need to play your part to lower the risk of loss; in case the bearish trend starts suddenly.
CryptoHopper tariff plans
There are three main pricing plans available for employing CryptoHopper bots plus a 7-day free try-out period plan dubbed as the “Pioneer Plan.”
Besides this Pioneer Plan, the platform offers the Explorer Hopper plan, which is available at $19 per month.
Furthermore, the other two packages it offers are Adventure Hopper and Hero Hopper, which can be employed by paying $49 and $99 per month, respectively.
If you want to see whether the CryptoHopper bot is the best choice for you, then you are simply required to sign up and start using its services for free.
When the free-period ends, you can opt for the paid packages based on your required set of trading needs the platform offers. Furthermore, discount codes are also frequently available on the platform.
If you have decided to use the Hopper bot for your trading on a more extended basis, below is the detailed list of each plan and its characteristics:
Pioneer Hopper: 7-Days free trial
- Free of cost
- Allows 20 trading positions at any given time
- Supports all available exchanges
- Manual trading
- Portfolio management
Explorer Hopper: Starter Package
- Available at $19 per month with a trial period of 7 days
- Facilitates 80 trading positions
- Up to 15 chosen crypto-coins can be traded.
- Presents TA(Technical Analysis) in regular intervals of 10 minutes
- Allows you to test out your newly designed strategy once(paper trading) before putting your actual funds
- Maximum of 2 triggers
Adventurer Hopper: Trader Plus Package
- You can buy this package plan at $49 per month.
- Adventurer Hopper allows 200 trading positions at any given point in time.
- You can trade 50 cryptocurrencies using this plan.
- It also offers a maximum of 5 triggers.
- This package also provides Technical Analysis in 5 minutes intervals.
- Like Starter Package, Trader Plus Package provides 1 Paper Trading Bot.
- It also offers its community a facility of Exchange Arbitrage among multiple exchanges.
Hero Hopper: Pro Trader Package
- The CryptoHopper bot’s premium package plan dubbed Hero Hopper is available against a $99/month price tag.
- Using this package, you will be permitted to trade 75 coins.
- It also facilitates you with a whopping 500 trading positions simultaneously.
- Pro Trader Package provides its community Technical Analysis every 2 minutes.
- Hero Hopper offers a total of 10 triggers.
- Assists with Exchange Arbitrage.
- Using this premium plan, users can also remove their trading signals for all the coins.
According to your requirements, you can subscribe to any of the above packages, either via PayPal or in exchange for the cryptocurrencies that the platform supports.
The CryptoHopper platform supports Bitcoin (BTC), Ripple(XRP), Bitcoin Cash(BCH), Dash(Dash), Litecoin(LTC), Monero(XMR), and Zcash(ZEC) cryptocurrencies.
CryptoHopper compatibility with Exchanges and Coin
At the time of writing this piece, the trading bot can integrate with 13 cryptocurrency exchanges’(most of them leading) APIs and trade a host of crypto coins at any time of the day.
Following is the list of all the major trading exchanges which allows cryptos trading via CryptoHopper automated bots:
- Binance
- Binance US
- Huobi
- Bittrex
- HitBTC
- OKEX
- KuCoin
- Poloniex
- Coinbase
- Bitvavo
- BitPanda Pro
- Bitfinex
- Kraken
If we look at the list above, each of the 13 exchanges that offer trading via the automated bot, supports the dealing of a broad range of tokens and coins. Hence, you are not going to find any problem liquidating your intended trading strategy.
On the other hand, the platform notes that its bot can help trade with 75 different cryptocurrencies. Bitcoin, Ethereum, and Litecoin, commonly known as the crypto-mania stalwarts, make to this list of 75 cryptos; along with other projects of smaller capitals.
CryptoHopper MarketPlace
After creating your profile on the platform, you will have access to its marketplace. It is a facility that is gaining popularity among the trading community and is available these days on every other trading platform.
The platform’s marketplace contains many already built algorithmic strategies, templates, and trading signals by other seasoned traders. Although many of these strategies available are free, some may cost you reasonably as well.
If you want to create your automated trading bot using such templates and strategies, all you have to do is “plug and play” your selected strategy and test it out by yourself.
If required, you can make changes to it as well according to your trading needs.
This could be a valuable option for newbies who can try out these automated strategies built by other experienced traders while researching them, seeing its trading’s track record, reading user reviews, and understanding how a bot should perform in given circumstances. However, doing so does not guarantee a profit, but yeah, it is a useful tool.
CryptoHopper Features
A CryptoHopper trading bot is an effective tool for those who are planning to begin trading in cryptocurrency.
Although we have touched some of the platform’s features already, below is the list of main characters the platform offers with their brief explanation:
Automatic Trading:
All you have to do is create your trading strategy, and the bot will trade on your behalf based on the set strategy, data record, and configurations.
Risk-reducing Features:
A trio of trailing tools, dubbed CryptoHopper’s Trailing Stop Loss, Trailing Stop Buy, and Trailing Stop Short, keeps you on the safer side of the business depending on the market trends.
Crypto Signals:
The CryptoHopper bot facilitates you to devise your trading strategy by providing you information based on the signalers’ analysis, if you are you are new and not familiar with arranging your own trades.
Technical Analysis:
The CryptoHopper trading bot facilitates you with the various trends, volatility, and volume hints and tools to conduct a technical analysis of the market, allowing you to build your trading strategy for optimal profitability.
Backtesting:
This feature helps you to review past data and statistics, on the basis of which you can make some tweaks to your trading strategy for maximum gains.
CryptoHopper Review Conclusion:
If you have read our full CryptoHopper review until this point, you now have a better understanding of what this automated software offers and, ultimately, if it covers your trading needs.
First and foremost, it does not matter if you are a beginner in cryptocurrency trading; you can still utilize this tool using the platform’s automated strategies.
On the other hand, if you are an experienced trader and want to automate your tested trading methods regularly on a 24/7 basis, CryptoHopper is a popular choice for taking your trading to the next level.
The software is well designed with a user-friendly interface and includes various exciting features which assist you while trading. It has continually grown its reputation over the years in a market full of competitive automated robots and digital currency management platforms.
Lastly, there is a reason that the CryptoHoper bot makes in the list of top trading bots in today’s market, and soon you’ll find out why so many people are choosing to use CryptoHopper.
