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Home Investing Crypto Trading

Cryptohopper Crypto Bot Review: Key Aspects to Consider

April 25, 2022
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Cryptohopper Crypto Bot Review: Key Aspects to Consider

Cryptohopper is an AI-powered bot that trades 24/7 in the market while scanning for the best opportunities. It is fully automatic and provides professional tools for investors to buy/sell. With this platform, traders can test their strategies and check the performance of their bots based on backtest results. We will look into its features, profitability, authenticity, reputation in the market, and much more in this review. 

Cryptohopper

Quick summary

Some of the key aspects of Cryptohopper include:

Trade like pro, no experience needed
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  • Fully automated trading with the best strategy.
  • It allows paper trading where traders can test their strategies and bots without real money.
  • Investors can access preset bots from the marketplace from third-party trading experts.
  • Smart indicators like RSI, Bollinger Bands, and MACD with essential tools are available.

Cryptohopper: pros and cons

The benefits and drawbacks of using Cryptohopper are listed in the table below.

ProsCons
The platform supports major exchanges like Binance, crypto.com, and moreThe dashboard is only available in the English language
The bots are easy to use and configureUsers are required to pay extra money for signals exceeding the package limit
It has positive customer feedback on the Google play store

What is Cryptohopper?

Cryptohopper trades cryptocurrency on several exchanges where traders can earn money using different strategies and indicators provided by the platform 24/7. A well-developed customized dashboard helps manage your account and positions. The platform was developed by two Dutch brothers, Ruud and Pim Feltkamp, in 2017 aiming at automated crypto exchanges.

Price:Free trial, $19/month, $49/month, $99/month
Withdrawal fees:No fees
Deposit option:PayPal, bank transfer, crypto, credit card, Bitpay
Supported countries:All
Supported exchanges:Binance, Bitfinex, Coinbase Pro, Kraken, Huobi, Poloniex, crypto.com, By bit, etc. 
Free trial period:Yes
Multiple currency support:Yes

How does it work?

Cryptohopper uses AI technology which uses a neural network to learn as it trades. Traders will have to connect the exchange to the platform using API keys for proper functioning.

Pricing and fees

Cryptohopper is available in three subscription plans for $19/$49/$99 per month. It includes a free trial of 7 days to check the bots’ performance. The minimum recommended deposit is 300 Euros for optimal results. Several payment options are present, like credit cards, PayPal, and crypto, for the ease of traders. 

Pricing plans of Cryptohopper.

Privacy and security

Cryptohopper has a two-factor authentication mechanism for the safety of users’ accounts, and they do not have withdrawal rights to funds. Cloudflare protects the website with a web application firewall and active DDoS protection. The platform saves passwords and API keys with encryption. 

Reliability

Cryptohopper is a legit bot whose profitability depends on market conditions and configurations of the system. Traders can access the profitable settings which other investors have already used from the community forum. Customer support helps the users, and documentation about the functions of the algorithm is available on the website. 

How to start trading using Cryptohopper?

Investors can start trading with Cryptohopper in the following steps:

  1. Create a free account on the platform
  2. Select the exchange and trading pair
  3. Connect the API keys with your exchange
  4. Choose the trading strategy or subscribe to signal providers on the marketplace
  5. Run the bot

Who is Cryptohopper suitable for?

Cryptohopper is suitable for both beginners and expert traders. Investors can create a bot according to their liking or select prebuilt parameters for the algorithm. Its user interface is easy to use with essential information and comes with user documentation. Professionals can create their own trading rules and build strategies with indicators and patterns. 

Cryptohopper support

Traders can contact customer support via live chat or a ticket form. They can ask their queries and access the knowledge base documentation for necessary information. 

Cryptohopper community

There is a community of traders on different social media platforms like Telegram, Facebook, Twitter, etc. 200 feedbacks are present on Trustpilot, where a trader expressed his satisfaction and added that the bot has many options to gain profit.

 Customer feedback on Trustpilot.

Cryptohopper review verdict

Cryptohopper is compatible with major exchanges and uses multiple security measures to create a safe and secure environment. Beginners can take advantage of its preset algorithms and friendly dashboard with essential tools. 

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