Cryptohopper Review: The truth about its trading power in this year

Venturing into the wild world of cryptocurrencies , traders are on the hunt for tools to make trading easier and more efficient. CryptoHopper, a trading bot that claims to automate the chaos of trading.

Launched in Amsterdam in 2017 by the Feltkamp brothers, it has become a go-to solution for traders. I am eager to assess its features and determine its value in the crypto domain.

What is Cryptohopper?

Cryptohopper is a cloud-based, semi-automated cryptocurrency trading bot platform designed to empower traders by automating their trading strategies. Whether you’re a novice or an advanced trader, Cryptohopper offers a robust solution to streamline your trading activities. Supporting 14 of the largest global cryptocurrency exchanges, including Binance, Coinbase, and KuCoin, it provides a versatile and powerful tool for anyone involved in cryptocurrency trading. By allowing users to create and customize their own trading strategies, Cryptohopper ensures that traders can adapt to the ever-changing market dynamics with ease.

CryptoHopper review: Trading bot transitions from vision to reality

CryptoHopper began with a clear objective: to simplify and enhance accessibility in crypto trading through the use of an automated trading bot. Ruud and Pim Feltkamp, weary of the challenges associated with manual trading, developed CryptoHopper to enable smart automation. This innovation allows traders to focus on strategy rather than constantly monitoring the market. For me, it means I can maintain the volatile crypto kingdom with greater assurance.

At [cryptohopper.com there’s a platform designed for modern traders. It integrates with over 16 major exchanges, including:

• ->Binance
• ->Coinbase Pro

This allows you to scout opportunities with 75 cryptocurrencies. This adaptability is crucial for keeping pace in a rapidly evolving environment.

CryptoHopper’s origins in Amsterdam contribute to its unique appeal. Renowned for its vibrant culture and fintech dynamism, Amsterdam embodies innovation. CryptoHopper reflects this spirit, blending technical expertise with creativity to empower traders like me to stay ahead.

Trading has never been this exciting.

Key Features of the Cryptohopper trading bot

Cryptohopper stands out with a suite of features tailored to enhance the trading experience for all levels of traders. Here are some of the key features that make it a go-to platform:

• ->Automated Trading: Cryptohopper enables users to automate their trades using predefined trading strategies, ensuring timely and efficient execution.
• ->Support for Major Exchanges: With support for 14 of the largest global cryptocurrency exchanges, Cryptohopper offers unparalleled versatility.
• ->User-Friendly for All Levels: Whether you’re just starting or are an advanced trader, Cryptohopper’s intuitive design caters to all.
• ->Automated Trading Bots: Users can create and deploy automated trading bots to execute trades on their behalf, reducing the need for constant market monitoring.
• ->Drag-and-Drop Interface: The platform’s drag-and-drop interface simplifies the process of creating custom trading strategies.
• ->Pre-Live Testing Hub: Before going live, users can test their strategies in a simulated environment to ensure effectiveness.
• ->Technical Analysis Tools: With tools like candlestick pattern recognition and 30 unique indicators, traders can make informed decisions based on comprehensive technical analysis.

Trading Strategies and Customization

One of Cryptohopper’s standout features is its ability to let users create and customize their own trading strategies. By leveraging a range of tools and features, traders can define strategies based on technical indicators, candlestick patterns, and even social media sentiment. The platform’s strategy designer allows users to craft their own bot trading strategies with ease. Once a strategy is set, automated trading bots can execute trades automatically based on the predefined parameters. These bots can be deployed on supported exchanges by simply connecting an exchange account, making the process seamless and efficient.

CryptoHopper's resources for every trader's trading strategies

CryptoHopper’s tools are impressive, catering to both newcomers and seasoned traders. One of the standout features is the ability to automate trades by setting rules, such as purchasing Ethereum when the price decreases. This approach effectively manages market fluctuations by executing predefined buy and sell orders.

The copy trading feature is also noteworthy; as a beginner, appreciate the opportunity to replicate strategies from experienced traders, allowing me to learn and develop through real-life examples. Additionally, the platform supports various crypto trading strategies, enhancing trading efficiency and effectiveness.

Backtesting plays a crucial role, enabling me to evaluate ideas using historical data to prepare for future scenarios, which allows me to refine my strategies for optimal effectiveness. The interface is user-friendly, enhancing the overall experience. The inclusion of an exchange arbitrage bot further automates trading strategies and executes arbitrage opportunities across exchanges.

Security measures, including:

• ->two-factor authentication

provide reassurance regarding the safety of my assets. The platform also integrates trading signals, allowing users to receive buy and sell alerts from professional traders.

Security and Supported Exchanges

Security is a top priority for Cryptohopper, and the platform employs strong encryption and two-factor authentication (2FA) to protect user accounts. Notably, Cryptohopper has never been a victim of a hack, underscoring its commitment to safeguarding user funds. Supporting 14 of the largest global cryptocurrency exchanges, including Binance, Coinbase, and KuCoin, Cryptohopper ensures that users have access to a wide range of trading opportunities. The platform is also GDPR-compliant, providing an additional layer of security and peace of mind for traders. With Cryptohopper, you can trade confidently, knowing that your assets are well-protected.

The thing about the Cryptohopper fees and pricing plans

CryptoHopper offers various pricing plans to cater to different trading needs. Most new Traders started with the Free Pioneer plan, which includes basic features and allows for backtesting.

CryptoHopper

7

1Sign up on Cryptohopper

2Connect wallets

3Start trading

Start Free TradingCryptoHopper Review

Try CryptoHopper yourself

For those seeking more advanced options, there are several plans available:

• ->‘Explorer’ plan at $29/month
• ->Adventurer plan at $49/month
• ->Hero plan at $129/month

Each plan provides additional tools for enhanced strategies.

Payment can be made using major credit cards or cryptocurrency, making it both modern and convenient.

While some users appreciate the transparent fees, others have encountered challenges when canceling subscriptions, so it’s important to read the fine print. Additionally, they offer a 20% discount on annual plans, which is beneficial for expanding trading options and saving money.

In addition to the monthly fees, CryptoHopper may charge transaction fees based on the exchanges used for trading. Users should review the specific terms and conditions associated with each plan to understand all applicable fees

Cryptohopper is dependable and steady for automated trading

CryptoHopper isn’t just about tools; it prepares you for success. Tools like backtesting allow me to assess strategies without risking money, providing a great safety net against market surprises.

Testing strategies with past data helps me refine my plans, ensuring that ideas work effectively in real life. The platform’s 100% uptime last quarter demonstrates its reliability, guaranteeing that my strategies run smoothly.

Success also relies on my own strategic thinking. By combining CryptoHopper’s features with my insights, I create a solid trading experience that enhances my results.

It feels like having a cheat code in a video game, available for a monthly fee.

Customer support makes CryptoHopper exceptional

Customer support plays a crucial role in maintaining stability in the tricky world of trading. CryptoHopper offers 24/7 assistance through live chat and email, ensuring that issues are resolved quickly and minimizing downtime. While some users express a desire for phone support, CryptoHopper's extensive resources effectively compensate for this:

• ->Tutorials
• ->Webinars
• ->Comprehensive knowledge base

These resources empower me to transform trading challenges into opportunities for growth.

Community reviews of CryptoHopper

CryptoHopper's story comes alive through its users' experiences, showcasing both success and learning. With a Trustpilot score of 4.1 out of 5 from over 900 reviews, it enjoys considerable popularity. Users appreciate its user-friendly interface and robust features, which make it suitable for automated trading.

While some mention the following concerns:

• ->High fees
• ->Challenging learning curve

this serves as a reminder to conduct thorough research and have a solid plan.

Conclusion: Is Cryptohopper legit?

CryptoHopper serves as a reliable companion in the expansive domain of crypto trading. With impressive features, a strong emphasis on security, and compatibility with various exchanges, it offers a significant advantage for traders.

By merging automation with intelligent strategies, CryptoHopper maintains success even amidst market unpredictability.