Cryptohopper is a cryptocurrency trading robot designed to simplify the cryptocurrency trading process and help traders of all levels of experience make the most of their trading opportunities, maximize their profits, and reduce the chance of losses.
While there are a number of cryptocurrency trading bots currently available such as 3commas, Cryptohopper aims to empower traders by providing an easy-to-use and comprehensive service that allows its users to easily trade multiple cryptocurrencies while removing human frailties from their trading process.
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.
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Cryptohopper at a glance
| price | Free Trial / $19 / $49 / $99 per month |
| Payment options |
PayPal / Bank Transfer / Crypto |
| Exchange support |
OKEX / KuCoin / Bitvavo / Binance / Binance US / Coinbase Pro Bittrex / Poloniex / Kraken / Bitfinex / Huobi |
| Cloud-based |
Yes |
| Signals | Free and paid signal marketplace |
| strategies | 30+ indicators / 90+ candle patterns |
Cryptohopper Overview
Cryptohopper’s website states that the project was started by two brothers: Ruud Feltkamp and Pim Feltkamp one a soap opera actor turned successful day 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 trades a variety of coins, while being compatible with a number of cryptocurrency exchanges via an application programming interface (API).
The platform is owned and operated by Cryptohopper BV which is based in Amsterdam, the Netherlands, and the domain cryptohopper.com was registered in July 2017.
The official website hosts the semi-automated trading bot that allows traders to remove human trends and emotions from the trading process and instead rely on trading algorithms based on programmed trading techniques and approaches.
Users can also subscribe to external signals, and the manipulable trading solution is aimed at cryptocurrency traders of all experience levels, and the team has announced that it has over 75,000 users.
Cryptohopper is compatible with up to 75 cryptocurrencies and nine major exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex.
Cryptohopper Features
- Features – Cryptohopper works as a web-based solution and features an easy-to-use and intuitive user interface that includes a wide range of features. Users can configure the bot for 24/7 auto trading and use both algorithmic and social trading. Trading strategies can be derived via various technical indicators or by following the actions of third-party trading experts.
- Technology – Semi-automated trading takes place via API integration with a range of cryptocurrency exchanges, and the service can be used on any internet-connected device such as desktop, laptop, tablet or mobile phone.
- Tool Range – The platform offers a good range of trading tools and incorporates features such as a bot backtesting tool, configurable and saveable templates, trailing stops, and customizable technical indicators. Users can also rely on indicators such as Stoch, RSI, Bollinger Bands, and MACD.
- 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 incorporates a support team available to deal with 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, Telegram group, and Facebook The website also contains a number of frequently asked questions in the Support section, as well as a series of tutorials that help users navigate the platform. In addition, the team also produced the Cryptohopper Academy video library.
Cryptohopper Account Registration
Creating an account is a simple process, and the main page has a green “Sign Up” tab at the top of the page.
1) Create an account
Visit Cryptohopper’s website and enter a name, email address, username, and password to register.
You can then confirm your email account by clicking the activation link in the sent email and access the dashboard.
2) Set up your account
From here you can simply follow the wizard as it will help you quickly set up your hopper. You just have to select an exchange and configure the bot via the API keys of your favorite exchange and also set up the basic hopper configurations. The process is very simple and there are links to tutorials and additional useful information about each step.
From here you can immediately start using your hopper, and once you use the wizard and set up your account, you’ll be able to access a number of features from the dashboard. You can subscribe to signals, set up templates, and start backtesting your bot, as well as set up two-factor authentication on your account.
3) Subscribe to the newsletters on the Marketplace
Cryptohopper allows users to subscribe to integrated professional external signals, and the signaller service is provided by experienced traders looking for positive signs of an upward move. Both free and paid subscriptions are available, and bots can be configured to follow whistleblowers in just a few clicks.
Whistleblowers have easily accessible performance reports and their profitability can be monitored, they also use cloud computing and machine learning algorithms to constantly monitor numerous technical indicators in a wide 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
Three main pricing plans are available; however, Cryptohopper also allows members to use a 7-day free trial, known as the “Pioneer Plan”.
Users can simply register and start using the service without having to submit any payment details. At the end of the trial month, the hopper is automatically disabled and users can then choose to purchase a full subscription.
The plans for anyone who chooses to sign up are as follows:
Pioneer Plan: 7-Day Free Trial
- 80 positions
- Max 15 selected coins
- Max 2 triggers
- TA with 10-minute interval
- 1 Simulated Trading Bot
Explorer: Starter Package ($19 per month)
- 80 positions
- Max 15 selected coins
- Max 2 triggers
- TA with 10-minute interval
- 1 Simulated Trading Bot
Adventure: Trader Plus Package ($49 per month)
- 200 positions
- Max 50 selected coins
- Max 5 triggers
- TA with 5-minute interval
- 1 Simulated Trading Bot
- Exchange arbitrage
Hero: Pro Trader Package ($99 per month)
- 500 positions
- Max 75 selected coins
- Max 10 triggers
- TA with 2-minute interval
- All coins for signals
- Market arbitrage
- Market-Making
- 1 Simulated Trading Bot
You can 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.
How suitable is Cryptohopper for beginners?
While many trading bots are best reserved for more experienced traders, Cryptohopper includes a number of features aimed at newbies. These include the Hopper Academy which is available to all members and allows everyone to access a video library that explains how Cryptohopper works and the best ways to use the service.
Cryptohopper has also developed an active community and for new entrants to cryptocurrency trading this should prove immensely useful. There are active Discord and Telegram groups, as well as a special forum for members available in English, French, Spanish, Dutch and Portuguese.
As a result, new users are able to converse and learn from more experienced users around the world and continue learning around the clock.
The platform has also been designed to be easy to use and does not require any professional programming experience or advanced technical knowledge or skills.
In addition, Cryptohopper also allows for full backtesting, and beginners can easily check if their configurations are working accurately by playing and testing their configuration.
Users can see how much they would have earned in the past and adjust their bots to gain a greater understanding of how everything works while still learning the ropes.
Cryptohopper Market
Your Cryptohopper dashboard will give you access to their market, this is a feature that many trading platforms are including these days. The market allows you to get trading strategies for your bots – some of them are free and others are paid. This is great for beginners as it essentially allows you to “plug & play” the chosen strategy created by more experienced traders and test it on your account.
If you are an expert in creating trading bots, this could also be a source of income for you by creating and selling your models in the market.
Is Cryptohopper Safe?
The project is very active on social media and boasts a large number of users, and new members can also browse Reddit posts to interact with past users and gauge the general feeling about the project.
However, there is limited information available on who is behind the project, although the company has made public its information about the Dutch company 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 bot developers, as bots usually work via an API that allows them to execute trades on linked exchanges. You need to provide your API keys generated on your favorite exchanges, and these keys give the bot limited access to your account for trading purposes.
In addition, bots do not get withdrawal rights, and in the event of a hack or data breach, the nefarious actors would not be able to directly access your funds. The Cryptohopper team has also developed working relationships with some of the industry’s leading exchanges, and users can also set up two-factor authentication (2FA) in order to further secure their accounts.
Cryptohopper’s Summary
Cryptohopper is an automated trading bot that trades on your behalf using trading algorithms. Once you’ve connected a hopper to a cryptocurrency exchange, you can select a number of strategies that your bot will implement to try to make a profit.
The online dashboard allows users to easily monitor their performance and signaling reports, and subscribe to the best signals.
Users can also keep track of their statistics and trading history, as well as the price movements of about 75 cryptocurrencies. Although the service is simple to set up and easy to use, it also incorporates a full range of trading features including:
- Trailing stop-loss
- Trailing stop-buy
- Average costs in dollars
- short circuit
- Trailing stop-short
- Configuration Pool
- trigger
- Backtesting
- Scrubber Wallet
- Automatic synchronization
- Reserve funds
- Buy and sell manually
Conclusion
Cryptohopper is designed to provide the general cryptocurrency community with a viable solution that helps traders generate profits on a more consistent basis. The mix of technical indicators and trading experts or third-party signallers gives traders more options, as well as the backtesting model and features.
While Cryptohopper is essentially an algorithmic trading bot, it is easy to set up and use and suits newer traders and more experienced professionals. The team has made considerable efforts in developing a platform that is suitable for beginners, and new users are also able to access extensive training and community-driven sections of resources.
The inclusion of the Cryptohopper Academy video series and the multilingual Hopper forum are extremely beneficial for anyone who is still coming to terms with cryptocurrency trading or learning how to use trading bots.
With its full list of features, overall ease of use, and support for 75 different cryptocurrencies and nine leading exchanges, Cryptohopper has a lot to offer and does well to stand out in a market full of competing trading bots and cryptocurrency management platforms.
To stay safe, it’s best to set up 2FA on your account and take full advantage of the free trial, as well as make a modest financial commitment to get started. It may also be a good idea to link the bot with a live account that contains a moderate amount of funds as there is less risk if the bot underperforms or signals do not generate the expected results.
It’s also important to note that while trading bots don’t have access to withdrawal, if they become compromised, malicious actors can leverage a bot’s API access to buy extremely low-value coins that are then “pumped and downloaded.” This has happened in the past and is a security issue that needs to be addressed by both trading bot developers and cryptocurrency exchanges.
In addition, users have reported that free third-party signals are of low quality, especially in side or bear markets since notifications come too late and expose the trading bot to sudden downturns. As a result, users should spend some time looking for referrers and trying to subscribe to the most 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 a new bull run.
The platform is well positioned to serve both new and more experienced traders and incorporates a number of features that all its members can seek to benefit from. It is well designed, easy to use and has developed an excellent reputation over the years and as such we recommend that you check them out.
