|Support Types||Email , Forum , Community , Knowledgebase|
|Trading Platform||Houbi | Binance | Kraken | Poloniex | Bittrex | Coinbase Pro | Bitfinex | KuKoin | Cryptopia|
|Minimum 1st Deposit||No Minimum|
|Bonus||Invest on Autopilot|
|Free Demo Account||Open Demo|
|Types of Assets||All Cryptos|
|US Traders Allowed|
- Automatic Trading
- Entirely Cloud-Based
- Trailing Stop-Loss
- Crypto Sugnals
- Understanding of Trading Strategies Required
The boom of the cryptocurrency market and skyrocketing prices that we witnessed in 2017, attracted many professional traders and investors to this space. While prices of Bitcoin, Ethereum and other altcoins declined sharply in the following year 2018, cryptocurrencies became a widely recognised and accepted asset class and still are a pretty big market. The fact that early Bitcoin investors became millionaires overnight attracted a lot of newbie investors who wanted to be part of this growing market. Such a large number of new investors joining the crypto game also attracted a number of professional players, institutional-like trading platforms, retail brokers, services providers and other market participants. And while there is a number of solid players and technology platforms in crypto space, there is also a lot of mediocre products as well as total scams. These guys are abusing the market because cryptocurrencies are not regulated yet, there is a large number of inexperienced investors and generally the fact that people always want to make lots of money without putting any effort (like educating themselves for example). So in this Cryptohopper review as well as in other reviews of CFD Brokers, Crypto Exchanges and Crypto Robots, we aim to provide you with an independent analysis who is who in the crypto market.
What is Cryptohopper?
Cryptohopper is automated trading crypto that analyses technical indicators and provides trading signals and trade recommendations. It allows you to automatically trade Bitcoin, Ethereum and other altcoins on a number of major crypto exchanges 24/7 based on trading strategies that you choose. Cryptohopper is aiming to make advanced automated trading simple and provides a great platform for that.
Is Cryptohopper Scam or not?
Given the fact that crypto market is not regulated yet, there are a lot of dodgy service providers on the market and some of them are a total scam. We have already reviewed a number of trading bots such as Bitcoin Code and a few others that do not look reliable at all and making bold marketing claims promising users that they will make fortunes without any efforts. But there is no such thing as free lunch, and while some investors might be still able to make some money with CFD brokers and their signals, we know that the majority will lose money
After conducting this Cryptohopper review, we can say that this crypto trading bot is solid and advanced, definitely in the top league among those that we have seen on the market so far. We have also done some research on the company and it is totally legit. Cryptohopper was founded in 2017 by two brothers, one of which was a successful day-trader and another one is an experience web-developer. Cryptohopper is based in Amsterdam and currently has 10 people working on the team.
Cryptohopper Available Exchanges
Investors can trade Bitcoin, Ethereum and other cryptocurrencies on some of the major cryptocurrency exchanges such as Houbi, Binance, Kraken, Poloniex, Bittrex, Coinbase Pro, Bitfinex, KuKoin and Cryptopia. The company also plans to add connectivity to HitBTC, Cex.io and CobinHood soon.
Cryptohopper is an advanced trading bot that allows you to trade automatically based on your technical signals 24/7. Some of the Key Cryptohopper features are as follows:
Entirely Cloud Based. You don’t have to download or install any software on your computer and you can run all your trading from the cloud. That also means that you won’t have to deal with updates yourself and will have all the latest features as soon as they are released.
Marketplace. You can have access to trading strategies templates and trading signals developed by other crypto traders, which you can use as they are or customise them according to your trading preferences. You can also put on the marketplace the trading strategies that you have developed and earn additional revenue from them.
Mirror Trading. You can subscribe to strategies, signals and templates of third-party analysts and Cryptohopper approved sellers. You can then connect to your own trading bot in real time and use their signals basically mirroring their trades. That could be helpful if you just starting to learn and want to follow experience crypto investors.
Shorting. It is a good feature meaning that you can make money not only when prices are going up but also when they are going down. This way you can maximize your returns even in the bear market.
Trailing Stop Loss. Is one of the most powerful tools in the bull market. It ensures that you will never sell to early but will still are protected when the price moved down.
Other signals include Automatic Trading, Crypto Signals, Trading Strategies Templates, Technical Analysis, Trailing Stops and Backtesting. Unfortunately, we can’t cover all the features in this Cryptohopper review and we encourage you to explore all the features in details yourself.
Cryptohopper operates a subscription model and offers a number of subscription plans.
Explorer Hopper is a starter version and allows you to have a 7-day trial using it for free. Once the trial is finished you will be charged $19 per month and can have up to 80 positions, select up to 15 coins to trade, have max 2 triggers, can place trades with 10 minutes intervals and also have a paper (virtual) trading account.
Adventure Hopper is a med level subscription plan that will allow you to have 200 positions opened, trade up to 50 coins, have 5 triggers and buy with 5 minutes intervals. Adventure Hopper will cost you $49 per month.
Hero Hopper is the most advanced plan for experienced crypto investors. With this plan, you can have up to 500 positions, trade up to 75 coins in 2 minutes intervals and have access to technical analysis on all coins for signals. The price of Hero Hopper is $99 per month.
All accounts include zero additional fees from Cryptohopper; settings such as stop loss, TSL, auto close, and DCA; 120+ indicators & candle patterns; Buy settings; lower bids, cooldown, Trailing stop; Personal & global trading stats; Syncing/ tracking/ selling manual buys; Strategy backtesting with historical data. Investors will also benefit from active community and staff support.
Cryptohopper – How to Open an Account
It is very easy to open an account with Cryptohopper. All you have to do is to provide your details such as full name, address, email and telephone number and a few other details.
You can use setup wizard or create all the settings yourself. Upon registration, Cryptohopper will ask what crypto exchange you would like to connect to and trade from so you will need to submit details of the exchange APIs. You can then choose a trading template from the pre-built modules, visit the marketplace to look for alternative trading strategies and signals, or you can create your own from scratch. Depending on your technical skills and trading experience, it should be quite easy to start with any of these options.
The only thing is that you will still need to have some basic knowledge and understanding of the trading strategies and signals. The good thing is that for newbie traders there is a Cryptohopper Academy that offers a complete set of video guides and other tutorials. We encourage you to spend some time educating yourself on the various trading strategies and signals so you can take full advantage of the Cryptohopper automated crypto trading robot.
How to Start Trading with Cryptohopper
When you log in for the first time you will be offered to select a template (connectivity to one of the exchanges), use a setup wizard or configure the system yourself. Based on your technical knowledge and general preferences you can select the option that works best for you.
Cryptohopper has user-friendly interface and quite advanced dashboard from which you can have access to all the tools and features. From the dashboard, you can have an overview of your existing portfolio and the current performance. You can view open and short positions, as well as reserved funds.
There is a section that gives you a target market price and makes a recommendation to buy or sell particular altcoin.
There is a section with Chart Analysis where you can view all the technical indicators for all the altcoins
Backtesting allows you to input parameters of your trading strategies and sees how it would have performed in the past in various market conditions.
You can access your current trading strategies from the dashboard as well as visit the marketplace where you can shop around and select the trading strategies and signals from other experienced crypto traders.
Crypto Investors also have access to Panic Button, which allows them to sell all their positions at once if they decide to do so.
There is also a detailed configuration page where you can set up basic settings for buying and selling cryptocurrencies, as well as connectivity to exchanges and notifications. There is also a separate settings page for crypto signals and indicators.
Cryptohopper Trading Strategies
With regards to the trading strategies available and signals on Cryptohopper, we say that there is an extensive list to chose from. The Marketplace gives you access to the wide range of strategies provided by the cryptocurrency community and you can also create your own strategies and signals based on your parameters.
When conducting this Cryptohopper review, we spoke to a number of cryptocurrency investors. On average, it is reported that average daily profit generated from a decent trading strategy is around 3-4%. That adds up to be quite substantial return over a month. Of course, not every trade is profitable but because cryptocurrency market is volatile, it presents a good opportunity for day traders to make a profit from price swings by buying low and selling high. One can potentially achieve such results by trading in front of a computer all day but that is not feasible for many investors. The fact that you can automate trading and get an algorithm to place buy and sell orders is phenomenal and allows to make money even when you sleep. However, it is important to remember that investing is risky and past performance can not guarantee future results. One needs to always access risk when investing in cryptocurrencies and not to invest more then one is prepared to lose. While trading robots present good opportunity to make money on autopilot, they might not work as expected when there is a huge market sell-off and prices are decreasing sharply. But for those who learn the trade, always improve their knowledge and educate themselves on trading strategies and technical analysis, and are prepared to take risks, crypto trading robots can present good opportunity to make consistent returns from investing in cryptocurrencies.
This Cryptohopper review won’t be complete without mentioning the great support that Cryptohopper provides to its traders. Cryptohopper has good Knowledge Base that extensively covers all the topics. It also has extensive Documentation library with all detailed technical information on everything that platform has to offer. There is a forum for the crypto trading community and dedicated youtube channel where investors can the basics of trading and how to use Cryptohopper crypto trading bot.
Cryptohopper Review – Conclusion
Our overall impression of the Cryptohopper crypto trading robot is very positive. The team behind it definitely put a lot of effort to create an advanced automated trading platform suitable both for advanced and beginner traders. Cryptohopper operates a cloud-based platform that allows you to trade 24/7 and have access to it from anywhere in the world. It has extensive features such as technical analysis and signals, mirror trading, trailing stop loss and shorting capability. The Cryptohopper Marketplace bring all the benefits of Social Trading and the ability to share your strategies with the world (as well as use trading strategies developed by other crypto traders). Strategy designer, signals library, demo trading account and many other features and functionality provide crypto investors with all necessary tools required in algorithmic trading. The only potential setback is that users of Cryptohopper need to have at least some knowledge of trading strategies and understand the basics of technical analysis, or at least be willing to learn them. Thankfully, Cryptohopper provides all necessary educational resources and tutorials for that.
So, we would like to finish this Cryptohopper review on a positive note and congratulate Cryptohopper team on creating such an amazing platform. EthereumTrading.pro team will keep working with Cryptohopper and keep you updated on the progress of this crypto trading robot and its new features. Stay tuned!Visit Broker