Cryptohopper Review: What You Need to Know

by Forex EA Top Team
Cryptohopper Review: What You Need to Know

Cryptohopper is an automated trading system that lets you trade in digital currency. It is powered by Artificial Intelligence technology, thus allowing you to get better outcomes. The developer claims that this is a world-class, effective system that lets you use advanced trading tools without any technical skills.

What is Cryptohopper?

It is a platform offering automated trading functionalities that let you outperform manual traders. The bot is able to adapt to changing market conditions and let you test your strategies. It has professional tools that let you take advantage of liquidity and market inefficiencies. Also, you can connect to some of the top exchanges on the market.

Price:$16.58/month
Payment Options:PayPal/Bitpay/Giro Pay/Bancontact/Bitcoin/KBC/
Supported Exchanges:Bittrex/Binance/Bitfinex/HitBTC/Bitvavo/Kraken/Crypto.com/ByBit/Poloniex/Coinbase/KuCoin/Huobi/OKX/Binance US/Bitpanda/EXMO
Cloud Based:Yes
Strategies:130 + indicators and candle patterns

Is it easy to use Cryptohopper?

To begin trading on this platform, you first need to register your account. All you need to do is choose a username and a password, and enter your email address. You will receive an activation link in your email that you will have to click to activate your account. In case you face any issues, you can get in touch with the support team to manually activate your account. 

When you log in for the first time, you will receive assistance with the setup process. Instead of linking your exchange immediately, you can start with a simulator first. If you don’t have an exchange account or wish to test out the functionalities, you can use the paper trading feature to trade virtual funds. 

You can configure some basic settings like take profit. It is possible to create as many exchange connections as you’d like. While creating a new Hopper, you will be presented with three options, namely The Arbitrage Bot, the Market-Maker, and the Trading Bot. If you wish, you can also place your orders manually.

Main features of Cryptohopper 

Here are the main features of this platform:

Backtesting 

The platform provides historical data based on which you can test your bots. You can do this without any extra cost. The settings can be adjusted till you are satisfied with the test. When you find a suitable configuration, you need to click on the deploy button and the live bot will be able to apply it immediately. 

Copy-trading 

You can follow expert traders on the platform and let them make the purchasing and selling decisions. In this regard, you have multiple options. You can either follow the signals or use templates and other traders’ strategies.

Strategy designer

Thanks to this feature, you can build your own strategies using technical indicators and candlestick patterns. 

Portfolio management

You can connect multiple exchange accounts and manage them all from a single interface. This allows you to track your performance and sell positions directly from the dashboard. 

Strengths and weaknesses of Cryptohopper

Strengths Weaknesses 
Supports multiple top exchanges Very few features available with the free plan
Excellent tutorial
Copy-trading functionality
Free backtests

Is its technology good?

Compared to other automated systems, this one has a wide range of features. It lets you take advantage of price inefficiencies between exchanges using arbitrage. You can change the configurations and create your own advanced strategies using indicators. Thanks to the AI system, it can learn from the strategies you feed it, picking the best one for the current market scenario.

Is Cryptohopper safe?

Apart from username and password, this platform also lets you secure your account with a 2 Factor Authentication. The developer recommends using YubiKey or Google Authenticator for this purpose. When you protect your account with 2FA, you get a unique key for every time you log in. This is a great feature because it makes it very difficult for others to access your account.

Customer support 

On the official website, you can raise a ticket for your issue. It is also possible to take the help of live chat support or consult the documentation section.

Reputation

This platform was launched in 2017. The founders are two Dutch brothers called Pim Feltkamp and Ruud Feltkamp. It has its headquarters located in Amsterdam, The Netherlands. The platform has been covered by media outlets like Forbes, Bloomberg, Daily Mail, Coindesk, BitCongress, Cointelegraph, and RTL Boulevard. We appreciate the fact that the vendor is transparent with us about the company’s history.

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