Cryptohopper Review

The boom of the cryptocurrency market and skyrocketing prices that we witnessed in 2017 attracted many professional traders and investors to this space. While the price of Bitcoin, Ethereum and other altcoins have skyrocketed in value, cryptocurrencies became a widely recognised and accepted asset class and still are a pretty big market. So in this Cryptohopper review and other reviews of Best CFD Brokers, Best Crypto Exchanges and Best Crypto Trading Robots, we aim to provide you with an independent analysis of who is in the crypto market.

Cryptohopper Review

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What is Cryptohopper?

Cryptohopper is an automated trading crypto robot that analyses technical indicators and provides trading signals and trade recommendations. It allows you to automatically buy Bitcoin, Ethereum and other altcoins on the best 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.

Cryptohopper Review

Is Cryptohopper Scam or not?

Given that the crypto market is not regulated yet, many dodgy service providers are on the market, and some are a total scam. For example, we have already reviewed several trading bots such as Bitcoin Code and a few others that do not look reliable and make 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.

Nevertheless, 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 experienced 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 major cryptocurrency exchanges such as Houbi, Binance, Kraken, Poloniex, Bittrex, Coinbase, Bitfinex, KuKoin and Coinmama. The company also plans to add connectivity to HitBTC, CEX.io and CobinHood soon.

Cryptohopper Review

Cryptohopper Review – Platform Features

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 access 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 you have developed and earn additional revenue.

Cryptohopper Review

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 were starting to learn and want to follow experience crypto investors.

Cryptohopper Review

Shorting. It is a good feature to make money when prices are going up and go 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 too 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 detail yourself.

Cryptohopper Review – Costs & Pricing

Cryptohopper operates a subscription model and offers several 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 a max of 2 triggers, place trades with 10 minutes intervals, and 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, and access technical analysis on all coins for signals. The price of Hero Hopper is $99 per month.

Cryptohopper Review

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 Review – How to Open an Account

It is straightforward to open an account with Cryptohopper. All you have to do is provide your full name, address, email and telephone number, and other details.

Cryptohopper Review

Cryptohopper Crypto Robot

? World Class Trading Bot
? Use Expert Tools
✅ Social Trading Platform
⚛️ Multiple Exchange

Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.

You can use the 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.

Cryptohopper Review

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 a Cryptohopper Academy offers a complete set of video guides and other tutorials for newbie traders. Therefore, 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.

Cryptohopper Review

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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 Review

Cryptohopper has a user-friendly interface and an advanced dashboard to access all the tools and features. From the dashboard, you can have an overview of your existing portfolio and current performance. In addition, you can view open and short positions, as well as reserved funds.

Cryptohopper Review

A section gives you a target market price and recommends buying or selling a particular altcoin.

Cryptohopper Review

There is a section with Chart Analysis to view all the technical indicators for all the altcoins.

Cryptohopper Review

Backtesting allows you to input your trading strategies’ parameters and see how they would have performed in the past in various market conditions.

Cryptohopper Review

You can access your current trading strategies from the dashboard and 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 to set up basic settings for buying and selling cryptocurrencies and connectivity to exchanges and notifications. There is also a separate settings page for crypto signals and indicators.

Cryptohopper Review

Cryptohopper Crypto Robot

? World Class Trading Bot
? Use Expert Tools
✅ Social Trading Platform
⚛️ Multiple Exchange

Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.

Cryptohopper Trading Strategies

Regarding the trading strategies available and signals on Cryptohopper, we say an extensive list to choose from. The Cryptohopper 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. 

Cryptohopper Review

When conducting this Cryptohopper review, we spoke to several cryptocurrency investors. On average, it is reported that the average daily profit generated from a decent trading strategy is around 3-4%. That adds up to be quite a substantial return over a month.

Of course, not every trade is profitable. Still, because the cryptocurrency market is volatile, it presents a good opportunity for day traders to profit from price swings by buying low and selling high.

One can achieve such results by trading in front of a computer all day, but that is not feasible for many investors. On the other hand, you can automate trading and get an algorithm to place buy and sell orders is phenomenal and allows you 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. Therefore, one needs always to assess risk when investing in cryptocurrencies and not invest more than one is prepared to lose.

While trading robots present a good opportunity to make money on autopilot, they might not work as expected when a huge market sell-off and prices decrease sharply.  But for those who learn the trade, always improve their knowledge, educate themselves on trading strategies and technical analysis, and are prepared to take risks, crypto trading robots can present a good opportunity to make consistent returns from investing in cryptocurrencies

Cryptohopper Review

Cryptohopper Support

This Cryptohopper review won’t be complete without mentioning the great support that Cryptohopper provides to its traders. Cryptohopper has a good Knowledge Base that extensively covers all the topics. It also has an extensive Documentation library with all detailed technical information on everything that platform offers.

Additionally, there is a forum for the crypto trading community and a dedicated youtube channel where investors can learn the basics of trading and use the Cryptohopper crypto trading bot.

Cryptohopper Review – Our Verdict

Our overall impression of the Cryptohopper trading robot is very positive. The team behind it definitely put a lot of effort into creating an advanced automated trading platform suitable for advanced and beginner traders.

Cryptohopper operates a cloud-based platform that allows you to trade 24/7 and access it from anywhere in the world. In addition, it has extensive features such as technical analysis and signals, mirror trading, trailing stop loss and shorting capability.

The Cryptohopper Marketplace brings all the benefits of Social Trading and the ability to share your strategies with the world (and use trading strategies developed by other crypto traders). In addition, 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, understand the basics of technical analysis, or 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 positively and congratulate the 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!

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Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.

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Cryptohopper Crypto Robot

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? World Class Trading Bot
? Use Expert Tools
✅ Social Trading Platform
⚛️ Multiple Exchange