Given the number of crypto trading bots on the market today, it’s becoming increasingly harder to identify profitable platforms. For that reason, we have decided to do a Cryptohopper review to see if the platform stands up to the hype.
What is Cryptohopper?
Cryptotrader is an established and reliable crypto bot platform known for its fast automated trading and portfolio management. Furthermore, the platform comes with a suite of features designed to make trading easier and profitable.
Cryptohopper connects to all major exchange platforms and enables users to trade on multiple exchanges through one interface. Moreover, the hopper scans the marketplace 24/7 to identify and execute profitable trades.
In this Cryptohopper review, we will take an in-depth look into to platform to establish if it really is profitable and whether or not it offers good value for money.
Cryptohopper comes with a host of features designed to take your trading to the next level.
Cryptohopper’s automatic trading bot utilizes advanced algorithms to identify and capitalize on market fluctuations. In addition, traders have 130+ indicators and candlestick patterns at their disposal. As well as, the ability to track up to 75 coins simultaneously.
Furthermore, the user-friendly interface is responsive and requires no coding skills. As a result, it only takes minutes to set up and run automated trading systems.
No Cryptohopper review would be complete without mentioning the comprehensive strategy marketplace. Here you can find advanced algorithmic trading strategies, crypto signals, and performance reports.
The marketplace makes it easy to obtain and run profitable automated strategies designed by approved traders. Furthermore, users can browse seller ratings, read reviews, and view real-time performance reports to help make an informed decision when choosing the best strategy to purchase.
Cryptoheoppers strategy designer is second to none. The designer comes with 30+ indicators that can be implemented into the hopper with the click of a mouse. Furthermore, the hopper can recognize and trade 90+ candle patterns.
What makes the strategy designer special is the way the hopper brings it all together. Smart interaction makes it easy to customize strategies by applying multiple indicators. Thus, making it easier for users to carve out a winning strategy.
Cryptohopper currently connects with 9 major global exchanges. Those being, Binance, Bittrex, Bitfinex, Cryptopia, Coinbase Pro, Huobi, Kraken, Kucoin, and Poloniex.
The hopper connects to exchanges via API, making it safe and secure since there is no option to withdraw your funds. In addition, the combination of 2FA and AWS hosting further silidifies Cryptohopper as being a safe platform to use.
This fantastic feature lets you test new strategies by showing how they would have performed against historical price action. And, if you are looking to see how the hopper performs in the present, Cryptohopper has you covered with free paper trading.
Essentially, users can test and develop their trading bot setups risk-free. And in doing so, gain confidence in their strategies before applying them to the real-world market.
To maximize profits and minimize risk the hopper comes with a number of trailing features.
For instance, users can set trailing stop-losses to lock in profits, as well as, trailing stop-buys to capitalize on reversals.
Furthermore, users can set stop-short orders which tell the hopper to buy back the asset when it shows the most promise for recovery.
Bear Market Tools
The final feature we will look at in this Cryptohopper review is the platform’s outstanding bear market tools.
Firstly, Dollar Cost Averaging allows traders to mitigate risks by doubling or tripling down on trades that have turned sour. Thus, bringing down the weighted average price.
In addition, the platform allows traders to respond quickly to bear signals and sort sell coins to take advantage of sudden drops.
How to get started with Cryptohopper
Getting started with Cryptohopper couldn’t be easier with the whole process taking just a few minutes.
First of all, you can register an account here and verify your email address.
Once you’re registered, the next step is to connect to one of the supported exchanges through the Start Wizard.
The whole process is very straight forward and requires connecting Cryptohopper to your exchange account through API keys.
Firstly, Cryptohopper is free for the first 7 days so new users can try out the platform before deciding whether or not to purchase a subscription. The platform has 3 subscription packages.
Apart from the above-mentioned subscription fees, Cryptohopper does not charge any additional trading fees. However, you may still have to pay exchange trading fees.
Is Cryptohopper profitable
While Cryptohopper does not guarantee profits, it does however come with more than enough features to make trading profitable.
Furthermore, the marketplace offers a large selection of tried and tested strategies with a proven track record of generating profits.
And for the traders who like to go it alone, the platforms backtesting and paper trading features provide a risk-free way of establishing profitable strategies.
To sum up this Cryptohopper review, we were very impressed with the trading bot platform.
Overall, the platform is extremely easy to use, making it a top choice for rookie bot traders.
Furthermore, an abundance of innovating and cutting edge features puts Cryptohopper in a class of its own.
And given the 7 day free trial theres no excuse not to check out Cryptohoppers leading cryptocurrency trading bot.