In this article, I talk about Cryptohopper, the best online platform for automatic trading of cryptocurrencies that exists today.
Cryptohopper actively provides even newcomers with sophisticated tools and features that will help to make the trading process easier and more effective.
Automated trading bots, complete restriction control, and the adjustment of one’s trading strategies can all be found on Cryptohopper.
Which serves to make crypto trading efficient. Let us examine these main features and advantages more closely.
About Cryptohopper
Cryptohopper is trading software, a cloud-based trading bot, algorithms, and AI managed to execute trades on behalf of the investor.
Using its platforms, traders can configure parameters, modify strategies, and use portals to monitor their progress online in real-time.
Targeting both ordinary and advanced traders, asset managers, and leading centralized exchanges, Cryptohopper was co-founded in 2017 by Dutch brothers Ruud and Pim Feltkamp. Currently, it conducts millions of transactions within a month.
As for the key features that it provides, Cryptohopper includes an auto-trading platform that enables traders to conduct backtests and paper trade up until they are ready to trade real money.
It also provides users with the opportunity to copy other successful traders on a social trading interface.
In order to keep the community active, Cryptohopper has also integrated a toll-free for traders to take part in a contest, and the winners get to receive rewards and have live contests.
What sets this platform apart from other robots that are built to use technical indicators is that it uses AI, which also factors fundamentals into the market before placing an order.
Cryptohopper Basic Overview
| Platform Name | Cryptohopper |
| Year of Launch | 2017 |
| Supported exchange APIs | Binance and Binance US, Coinbase Pro, Poloniex, Kraken, Bitfinex, KuCoin, HitBTC, OKX |
| Payment Option | PayPal / Bank Transfer / Crypto |
| Cloudbase | Yes |
| Pricing | $24.16/mo |
| Mobile app | Yes |
Getting started on Cryptohopper
If you have just come to this platform or are in search of enhancing the way you trade, here’s how to get started:
Sign Up and Register
Go to the Cryptohopper homepage and click on join; there, you will be required to fill in an email address and create a secure password. You will then enable your account by completing an email confirmation.
Select a Subscription Plan
Select one of the subscription plans depending on your trading objectives. Trading in Cryptohopper is made possible thanks to the available subscription plans, which provide basic and advanced functionality for all categories of traders.
Link Your Exchange Accounts
Link your Warsangli exchange accounts to the Cryptohopper platform using the API keys obtained from the exchanges.
This is done so that the platform can perform trades on your behalf.
Configure Your Trading Bots:
Create and configure the trading bots that you will use to trade for you based on strategies that you prefer.
Set guidelines on trading signals to stop loss margins and profit-taking margins.
Templates are provided, and customization is offered to develop successful bots in Cryptohopper.
Backtest Strategies
The backtesting tool should be employed when there is a need to assess the strategies that you have formulated on the basis of past data only.
In this way, the possible efficiency of your bots is assessed, and any changes made before they are put out for action in the real market.
Activate and Supervise
The last step is completing the configuration of the bots, and the backtesting is to activate the bots to trade.
You can keep track of their performance with the help of Cryptohopper’s dashboard, which is interactive and provides statistics in real time.
Monitor Social Trading
Communicate with the community through social trading at Cryptohopper.
Follow the people whose trades you would like to copy, converse with them, and buy and sell the signals and strategies.
Make Use Of Other Facilities
Other facilities like the strategy builder, limit orders, and intelligent algorithms features are offered to subscribers of Cryptohopper.
These features allow you to optimize your designs and control distribution more prudently.
Cryptohopper Price
| Pioneer | Free |
| Explorer | $24.16/mo |
| Adventurer | $57.5/mo |
| Hero | $107.5/mo |
How Does Cryptohopper Work?
Cryptohopper is an accepted prime auto trading software that is developed at a high rate and handles many transactions every coming month.
It has been structured in a manner that helps miserable and professional merchants where easy but effective trading tools are placed at their disposal.
It integrates all the characteristics of the trading system, allowing the users to implement their strategies, maintain portfolios over a variety of exchanges, and apply various technical analysis tools.
One such capability is automation, which makes it possible for users to use trading bots, which are deployed according to specified criteria and signals.
Such protocols operate on a round-the-clock basis; hence, factors such as time zones that limit other traders are eliminated, and the emotional aspect of trading is avoided.
The platform applies a technical and fundamental investigation of the crypto market in search of suitable conditions for trading.
Cryptohopper then seeks to devise means through which traders can utilize such conditions in line with present market activities.
Also, the algorithmic trading tool of the platform allows users to create, practice, and apply complex trading strategies fast and efficiently.
The easy-to-use design enables users to develop quite advanced trading algorithms even with minimum technical knowledge, thus opening up the advanced methods in the trading world.
Pros and Cons of Cryptohopper
Pros
Comprehensive Automation: The best-automated trading is found on the Cryptohopper platform, enabling users to create and operate trading bots around the clock by following the instructions set forth.
User-Friendly Interface: The structure of the platform is quite common since it helps create and handle trading strategies with ease, thus comforting both novice and experienced traders.
Social and Copy Trading: People have built-in social networking so users can copy the trades of successful investors, which helps them make profits and improve their education.
Advanced Tools and Customization: All the fundamental tools, such as the strategy builder, backtesting, and a lot of technical indicators, enable the users to create complex trading strategies.
Integration with multiple exchanges: Major cryptocurrency exchanges are incorporated in Cryptohopper so that all the trades can be done from one screen.
Risk Management Features: The users are also equipped with features such as stop-loss, take-profit, and trailing stops that facilitate risk management.
Cons
Cost of Subscription Plans: The subscription plans offered at Cryptohopper may tend to be expensive for subscribers looking for premium features and tools.
Learning Curve: A few Cryptohopper boundaries are user-friendly but may need support from users who are new to the platform since the features may take some time to grasp fully.
Free Plan Restrictions: The free plan has some advantages, but some of the more sophisticated functionalities cannot be accessed except through paid subscriptions.
Infrequently, but White Label users have complained about the stability in some rare cases: Some users have complained of occasional stability issues or performance lags that may affect their trading operations.
Wide Range of Choices Available But It Raises The Bar in Its Level of Complacency: Advanced traders may realize that while the personalization options are rather plenty within the platform, there are still some other trading platforms more optimized for that kind of task.
Is Cryptohopper Safe?
Cryptohopper is considered a robust and generally well-accepted platform in the realm of cryptocurrency trading.
However, any kind of trading, including bot or manual ones, comes with risk, especially in the trading of highly dynamic cryptocurrencies.
Although the bots of Cryptohopper can reduce some of these risks, the risk of losing money is still available.
Another fear people experience when using a trading platform is providing API keys for their exchange accounts.
They expose your private or other API keys to the bot so that you can execute trades on your exchange accounts.
Nonetheless, none of the trading robots of Cryptohopper have withdrawal permissions and hence will never have access to funds and information in your account.
It makes using Cryptohopper even more secure, but the basic risks connected with the trade in crypto coins remain.
Cryptohopper Features
Cryptohopper comes along with a variety of tools and features with the intention of enhancing the trading experience.
With its bots for automated trading, improved trailing, and social trading abilities, Cryptohopper avails its users of all the necessary tools to survive in this ever-changing cryptocurrency market.
They go a step further into examining what it is that one can expect from them:
Automated Trading
The major benefit of using the – Cryptohopper is that it provides its users with an automated trading system.
The bot functions day and night, performing trade with the assistance of a set of rules that have been programmed together with data from the past market.
It helps reduce emotions and trading psychology, which are often common errors of judgment. It will passively manage your trades with better risk in mind for active traders, as while it helps handle the trades, it does not expose all the risks.
Social & Copy Trading
Social and copy trading are two of the features that set Cryptohopper apart from the rest of the proverbial pack.
Newbies are able to place trades that other successful recorded investors have carried out using their principles.
The members actively communicate about trading, strategies, and the state of the market.
There is also a marketplace for trade signals, trade templates, and trade strategies offered for sale by other users of the system.
Strategic Builder
By using the strategy builder tool, traders can create custom strategies based on more than 130 technical indicators and candlestick patterns.
There is an option to apply backtesting for the created strategy in a simulated environment before practicing it in the real markets.
Limit Orders
Cryptohopper presents its users with useful limit order features, which include stopping loss and taking profit orders to control exposure and lock in profits.
There is also a possibility of setting up CGT orders, which could be adjusted with a specific market standard to limit losses, as well as other easy orders.
Algorithm Intelligence
The algorithm intelligence offered on the platform is a real-time adaptive feature that evolves with live markets, changing the respective strategies as per results.
Making use of external signals like those provided on Tradingview can help improve the performance of the trading system designed by the user.
Trading Terminal
Thanks to the separate trading terminal offered by Cryptohopper, all of your exchange accounts are covered under one roof.
This means that you do not need to monitor individual accounts, as all of their activities will be displayed via the trading terminal, suggesting the creation of trailing orders within the terminal.
Pro Tools
Cryptohopper offers advanced traders in the markets with “Pro Tools,” which include market making, arbitrage, and Dollar Cost Averaging (DCA).
DCA is whereby an individual decides to invest over time at set intervals.
This reduces risk by spreading out purchase prices and could even enhance returns if pricing trends reverse.
To which exchanges are Cryptohopper linked?
Most of Cryptohopper’s features can be used without restrictions on a number of cryptocurrency exchanges such as Binance, Coinbase Pro, Kraken, and OKX, among others.
However, users should always check the exchange limitations and compatibility before incorporating Cryptohopper.
Thanks to integration, the procedure becomes very easy, and there are stepwise instructions on how to do it.
The first step is generating an API key, which links Cryptohopper to the exchange.
After you establish a link, you are able to supervise all the operations and monitor the dynamic changes — place and adjust the actions and requirements from several exchanges — all from the Cryptohopper live trading terminal.
Let’s see what exchanges are now active for trading with Cryptohopper through their services.
The following exchanges have been incorporated into Cryptohopper:
Platform Restrictions
As you connect with an exchange, you may come across certain restrictions and limitations that vary from the ones on other exchanges.
Each platform will likely offer different markets, fees, coin pricing, and liquidity. It will be important to learn these on each platform before joining.
Additionally, capabilities may differ based on the geography of the exchange. There may be geographical restrictions that can affect the opening of several positions, particularly market arbitrage.
Customer Support
Cryptohopper offers customer support on multiple channels, including email, live chat, and an internal knowledge base.
No customer can send a message to the company without it being attended to through the live chat on the company’s website. Here are the main ways to get support from the platform.
Live Chat: Users who have urgent issues and require changes are able to stream live through the website within their pages and get attention from the support center chat feature.
Email: For deeper inquiries, please use the support destination of the email stipulating your query support@cryptohopper.com addressing the concerns.
Helpdesk: The helpdesk is an extensive and structured source of information in the form of sections that are concentrated purely on the bot and the surrounding market, including guides, articles, blogs, FAQs, etc.
Social Media: It is possible to follow the news related to Cryptohopper and communicate with the users of the X (former Twitter), Telegram, and Discord channels of the service.
In general, the reviews and ratings of Cryptohopper are positive on Trustpilot and other websites. It has been devoted to its users, with proper support, and this is how they perceive it.
Cryptohopper Alternative
TrailingCrypto
TrailingCrypto is a freemium platform that includes a number of features that Cryptohopper has.
It has bots for crypto trading, trading signals, and functions to manage several exchange accounts on one interface.
TrailingCrypto is well suited for traders looking for inexpensive measures. With TrailingCrypto, there isn’t any paid subscription for anyone to trade effectively.
3Commas
The processes of cryptocurrency acquisition and management are effortlessly automated with the multifaceted tool called 3Commas.
Smart trading terminals, automated trading bots, and advanced portfolio management tools are also fully integrated.
It is enjoyable to use and offers sophisticated trading options, and thus is recommended for both novice and experienced traders.
LiveTrader
Untouchable with the traders is the experience offered by LiveTrader, which includes fast trading signals and effective portfolio tracking.
It uses advanced algorithms to derive trading signals for users in real-time and accommodates several cryptocurrency exchange platforms.
With this in mind, LiveTrader is possibly best for traders who want to make use of signal trading strategies in conjunction with in-depth analysis.
Trality
While other trading platforms offer various types of services, Trality has focused on Automated Trading Bots.
It offers an easy way to design and implement personalized robot traders. It is this focus on algorithmic trading that makes Trality a popular choice among users who wish to create new trading strategies or backtest them.
Zignaly
Traders who cannot own the social trading feature and the automated trading feature will find Zignaly to compromise by combining the two features.
Zignaly is self-explanatory in that it is simply social trading with additional automation features in place.
Conclusion
In the end, it can be stated that Cryptohopper is an efficient and functional system for automating cryptocurrency trading.
Such diversity of functionalities, as capable of automating trading processes and creating the most complex trading strategies or trading on social networks, will satisfy both the starter and the advanced.
There are additional methods to manage risks, advanced backtesting capabilities, and management of multiple exchanges, which make Cryptohopper a very powerful system for enhancing your strategies.
Still, the monthly fees for this software and its complicated nature can be a concern for a certain portion of users.
In this case, it can be summarized that automating and optimizing the trading cycle or potential users will require the use of Cryptohopper.
