Forex Robot ReviewsPassive Income

Cryptohopper Review: Is It a Bot to Use In 2022?

3 Mins read
7.2

Cryptohopper is an automated bot for crypto trading that uses Artificial intelligence. The bot saves time and trades 24/7. As per the vendor, it provides fast automation and efficient portfolio management for more than 100 crypto coins. Artificial Intelligence technology, use of efficient crypto trading tools, a wide range of supported exchanges, and effective trailing feature are some of the key benefits this platform offers.

Cryptohopper quick summary

Some of the key features of this crypto bot are listed here:

  • You can connect your exchange accounts and manage them from a single terminal for free.
  • Monitor the market and keep track of changes in the trend with the trailing feature.
  • The bots allow you to trade automatically using the AI feature or you can copy trade.
  • Many efficient tools like DCA, Arbitrage, Market-Making, etc. are available.
  • The bot also offers free charting software.

Cryptohopper: what is it?

The platform provides efficient automated bots that allow you to automate your strategy and trade crypto coins on your exchange successfully. The Cryptohopper scans the market 24/7 and opens positions based on the strategy you have chosen. It looks for the lowest prices for making entries and sells when the orders have generated high profits.

Who is behind Cryptohopper? 

The company was launched in 2017 by the Dutch siblings Pim Feltkamp and Ruud Feltkamp. Based in the Netherlands, the company provides support via an online contact form. It also provides links to social media pages on Facebook, Twitter, Telegram, Discord, Medium, YouTube, and Instagram. A location address is present on the official site for the company.

How does Cryptohopper function?

As per the vendor, the bot works 24/7 using the strategy you have selected with its automated design. The social trading feature allows newbies to trade like a professional. The bot recognizes trends and chooses a suitable strategy.

Technical indicators available

Absolute Price Oscillator, Average Directional Movement, Average True Range, Bollinger Bands, Chaikin Oscillator, and many more are available. The tools allow easy and quick identification of accurate entries and exits.

What should you know about Cryptohopper performance?

As per the vendor, the bot is available 24/7 and it protects and monitors your assets around the clock. It enables efficient trading through automatic market analysis, managing all exchange accounts, and using advanced tools like arbitrage, backtesting, and market-making. 

Key features of Cryptohopper

Some of the significant features that the platform provides are:

  • Automated trading

The bot is designed for 24/7 automated trading.

  • Exchange arbitrage

Exploit the price changes between exchanges and generate profit.

  • Market Making

Capitalize on the market spread and make the markets with the market. making bot.

  • Social Trading

Copy trades of professionals, use their strategies, or download. pre-configured bots. 

  • Algorithm Intelligence

 The AI technology evaluates all strategies and picks the best approach.

  • Trailing Stops

Use price direction to sell or buy automatically using the trailing stop feature.

  • Paper Trading

Simulate trading and test the bots without any risk using the paper trading feature.

  • Strategy Designer

The designer allows you to combine the indicators, test them, and make your own approach.

  • Backtesting

Test the efficacy of the strategy, configuration, and the bot design before you go for real trading.

How easy is Cryptohopper to use for beginners?

The website is easy to use with a beginner-friendly design. Tutorials, documentation, and a help desk are some of the key features that help new users learn and trade effectively with the bot.

How to get started on Cryptohopper?

Here are the steps you need to complete to get started on the bot:

  1. Register for an account on the official site by entering the required info
  2. Log in to the site, connect to an exchange, and start trading
  3. You can use the simulator first before trading in real-time

Pricing, fees, deposit, withdrawal

Pricing plans include the Pioneer (Free) plan, Explorer ($16.58/month), Adventurer ($41.58/month), and the Hero ($83.25/month). All plans include portfolio management, manual trading, and access to all exchanges. They differ in the number of positions they offer.

What settings are available?

Manual trading, syncing positions, reserve positions, personal stats, strategy builder, and more are the settings available.

Which exchanges does Cryptohopper support?

The main exchanges the bot supports are:

  • Bybit
  • EXMO
  • Okx
  • Bitpanda Pro
  • Bitvavo
  • HitBTC
  • Huobi Pro
  • Bittrex
  • Binance
  • Coinbase Pro
  • Poloniex
  • Binance.US
  • Bitfinex
  • Kraken
  • KuCoin
  • Crypto.com

Cryptohopper: supported assets

The platform supports more than 100 cryptocurrencies including Bitcoin, Litecoin, and Ethereum. Traders will find it easy to work with the cryptocurrency of their choice and benefit from trading the popular instruments.  

Cryptohopper: security and regulation

As per the vendor, the bot works closely with regulators and exchanges. It protects user accounts with industry-leading security measures. User privacy is assured as the company does not share user data without their permission.

What do customers say?

User reviews for Cryptohopper on the Trustpilot site
User reviews for Cryptohopper on the Trustpilot site
User reviews for Cryptohopper on the Trustpilot site
User reviews for Cryptohopper on the Trustpilot site

From the recent reviews, it is clear that the customer support is good and users are happy with the performance of the bot.

Public support

As per the info present on the official site, over 600,281 traders are using the platform.

Cryptohopper Crypto Bot Summary

7.2
Cryptohopper offers effective automated crypto bots that work 24/7 and use the AI-powered strategy. The free and paid packages, large number of supported exchanges, facility to backtest your approach and wide range of crypto assets and indicators are major benefits of this platform that make it ideal for new and seasoned traders.
7.0

Reliability

8.0

Functionality

7.0

Customer Support

6.0

Price

8.0

Ease of Use

Pros

  • +Numerous compatible exchanges
  • +Backtesting and simulation feature
  • +Free and paid plans

Cons

  • -Lack of verified performance proof
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