This article will review Cryptohopper, an all-in-one trading platform designed to automate trades, copy experienced traders, set signals and alerts, and much more.
While investors must pay to use Cryptohopper’s most advanced features, the platform does not demand a per-trade fee. Instead, it charges investors a fiat monthly payment based on the number of resources they can access.
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Cryptohopper Review: Summary
- Cryptohopper supports 13 major exchanges. Check here.
- Intuitive; blends expert-level tools with user-friendly tools and configuration options.
- Fully functional, mirroring the desktop framework
- $0 to connect your brokerage accounts.
- AI based trading platform.
- Demo Trading available for beginners
- 7 days free trial period for new users.
- Also available in Mobile app
What is Cryptohopper?
Ruud Feltkamp created Cryptohopper in September 2017. Cryptohopper is a trading bot that claims to help traders leverage trading opportunities in the cryptocurrency markets. You can also automate your trades on mobile using the Cryptohopper app. The software conducts investment analysis and automatically positions trades in auto trading.
When it comes to semi-automated trading, this app copy and suggest strategies from the best crypto traders. This method is known as copy trading, and people widely use it in forex and stock trading.
Click here to sign up for an account right now, or continue reading for more content.
How does Cryptohopper work?
As previously mentioned, Cryptohopper offers both entirely automated and semi-automated cryptocurrency trading.
Fully automated trading entails the robot doing all investment analysis and automatically placing trades. On the other hand, semi-automated trading entails the trading bot conducting research and providing the consumer with tradable insights.
It is also worth noting that Cryptohopper allows trades on margin, with most of its brokers offering leverage of up to 1:100x.
When you use margin trading, you can position trades that are larger than your trading resources. For example, a leverage of 1:100 means that you can set a trade that is 100 times larger than your money. Read more about leverage/Margin trading here.
How to get started with Cryptohopper?
The registration process with Cryptohopper is safe and easy. You can open an account and begin trading in less than ten minutes. Here’s a step-by-step guide to getting started with this robot.
Step 1. Create an Account
The first step to create an account with Cryptohopper is to fill out the form on their website.
After Sign up you will get an activation link in your email, click on that link to activate your Cryptohopper account.
Step 2 – Set up your Crypthopper Account
From here, simply follow the wizard, which will assist you in quickly configuring your hopper. You need to choose an exchange, configure the bot using the API keys of your desired exchange, and set up simple hopper configurations. The procedure is effortless, and each step includes links to tutorials and additional valuable details.
You can start using your hopper right away, and once you’ve used the wizard and set up your account, you’ll be able to access a slew of features from the dashboard. You can subscribe to signals, customize templates, start backtesting your bot, and enable two-factor authentication on your account.
Cryptohopper is GDPR compliant and therefore has all safeguards in place to protect its clients. We can also verify that their affiliated brokers are well regulated and highly competent. CySEC, ASIC, and FCA govern the vast majority.
Step 3. Connect your Exchange
Next Step is to connect your crypto exchange, as we mentioned above, Cryptohopper supports all major crypto exchanges, you can check the list here. You need to provide API Key and API Secret in order to provide access to your exchange.