Cryptohopper Review

Cryptohopper is a cryptocurrency trading robot designed to help simplify the crypto trading process, and help traders of most experience levels to take advantage of the trading opportunities,  maximize their profits and reduce the opportunity of losses.

While there are a number of cryptocurrency trading bots currently available such as commas, Cryptohopper aims to empower traders by providing an easy to use and fully featured service that enables its users to easily trade multiple cryptocurrencies while removing human frailties from their trading process.

The semi automated bot doesn't guarantee profits and simply allows traders to make more intelligent trades predicated on algorithmically programmed trading approaches and external signals.

What is Cryptohopper?

In its most elementary form,  Cryptohopper is an on line platform that lets you make full use of an automated trading bot. Which means that trades is likely to be placed on your behalf, on the basis of the underlying conditions that the bot has been instructed to implement. With the Cryptohopper platform first launched in 2017, the business now claims to own facilitated trades for a lot more than 140,000 people.

As we shall discuss in greater detail further down, Cryptohopper is more of a semi-automated bot. By this, we signify the bot is as good as the person that programs it. Like, if the bot's primary objective is to get Bitcoin when it increases in value by a lot more than 5% in a 24 hour period, then this really is what the bot will do.

Therefore, there's no guarantee that the bot is likely to be successful for making you consistent profits. On the contrary, you can just like easily lose money.

Nevertheless, the Cryptohopper bot is currently compatible with eight leading cryptocurrency exchanges. This includes the likes of Binance, Coinbase Pro, Bittrex, Bitfinex, and KuCoin. This ensures that the automated bot has sufficient levels of liquidity to achieve its pre-programmed objectives  – 24 hours per day.

One of the greatest great things about using Cryptohopper is the flexibleness is offers to traders of all experience levels. Like, if you're an experienced investor with a long-standing track record in the web trading space, you then have the option of building an automated bot to mirror your exact requirements.

How CryptoHopper Works

Essentially CryptoHopper functions by executing trades for you on whichever trading account you link it to. In order to link your exchange account to your CryptoHopper account you need to enter your API key into your CryptoHopper account. This key is located on your exchange account setting. The process may vary from exchange to exchange, but CryptoHopper provides thorough resources on linking your account to various exchanges on their tutorials page.

Once your exchange account is associated with your CryptoHopper bot it will likely then execute trades in line with the settings that you have placed on it. It'll perform technical analysis predicated on market conditions and then buy or sell your cryptocurrencies in line with the trading strategies that have been set. It'll continue trading cryptocurrencies in this manner until you either turn it off or alter the settings. While the method is automated, there's still oversight required on your part, as a bear market could suddenly result in the bot performing trades which net a negative result. With all this in mind there are a few things you should consider before using CryptoHopper.

CryptoHopper Marketplace

After you have picked you pricing tier you're free to set up your bot to your liking, however you may go for the CryptoHopper marketplace in order to purchase an algorithm that has already been built by another trader. You will find free trading strategies available too, but a lot of them cost money. This is a stylish option for new traders, as they can use an automated strategy that someone else built, while being able to read user reviews, visit a track record, and the full break down of what the bot is supposed to do. While this does not guarantee a gain, it is a useful tool. Furthermore, you can amend the strategy you get, essentially letting you use it as a template and adjust it to your trading needs.

Cryptohopper Review: The Bottom Line?

If you've read our Cryptohopper review from start to finish, you must will have a firm understanding of what it gives, and ultimately – whether it's right for your individual trading needs.

The best thing about the platform is that it's suitable for all experience levels. Like, if you've got no experience in trading, however, you still want to utilize automated strategies, then Cryptohopper is perfect.

On another hand, if you're a very experienced investor and you're buying method to automate your proven trading strategies on a rolling 24/7 basis, Cryptohopper can be ideal.

We also really just like the drop and drag framework that the platform utilizes when it comes to designing and building your bespoke automated strategies. Therefore, there's no need to have any understanding of programing or coding, which will be exactly how it should be.

Finally, with regards to pricing, we genuinely believe that all three plans offer excellent value. Even at a cost tag of $99 monthly, in the grand scheme of things this can be a reasonable price to pay for if you're seriously interested in committing to an automated trading system.