Key Takeaways
- Cryptohopper is a platform designed to help users trade cryptocurrency.
- The platform allows users to automate their trading strategies, potentially appealing to those who want to reduce the workload of manual trading.
- Cryptohopper also offers educational resources to help users understand various trading strategies, including swing and day trading, and technical analysis tools to identify entry and exit points for trades.
Successful crypto trading is all about incorporating the right strategies and tools to take advantage of different market conditions, whether you are a newbie just looking to navigate the crypto trading world or you already consider yourself a seasoned trader.
However, many people are discussing all-in-one trading automation platforms for Bitcoin and other cryptocurrencies. One such platform that has been getting a lot of popularity lately is Cryptohopper. But does it live up to the hype, and what makes Cryptohopper stand out above all the rest?
What Is Cryptohopper?
Cryptohopper is a platform that helps users grow their crypto investments by providing a feature-rich terminal and proven automated crypto bots that operate on over sixteen major cryptocurrency exchanges.
Technically, it is a powerful AI-powered crypto trading bot that helps you save time, trade 24/7, and completely automate your trading. It essentially enables you to become a better trader by:
- Helping you cut losses, maximize profits, and build your crypto portfolio.
- Allowing you to trade cryptocurrencies around the clock without having to sit by your computer, thus never missing out on a trading opportunity.
- Saving your precious time by being completely automated.
- Automating your trading so you can eliminate emotion from the process.
According to their official website, Cryptohopper has a community of over 841,361 cryptocurrency traders as of this writing.
How Does Cryptohopper Work?
To put it simply, Cryptohopper is a platform where users can trade and manage their digital asset portfolio, access useful trading bots, and view signals that help them navigate the volatile crypto market all within a single interface.
It is important to note that Cryptohopper is not a cryptocurrency exchange. Instead, it enables users to connect all their exchanges in one place, opening up a bunch of new possibilities. For example, they could execute arbitrage strategies efficiently on some exchanges while also deploying advanced spots to trade simultaneously across the other different exchanges they are on.
Features
Cryptohopper packs several features that make it ideal for newbies, including:
- Cryptohopper Academy – Cryptohopper Academy is available to all members and enables everyone to access a video library that explains how the platform works and how to use its services.
- Active Community – Cryptohopper has an active community on Discord and Telegram, as well as a forum for members available in English, French, Spanish, Dutch, and Portuguese, where newbies can learn from experienced traders on these channels.
- User-Friendly Interface – Even if you do not have any professional experience or advanced technical knowledge, the interface will still be very simple for you to understand and get used to.
- Backtesting – Backtesting allows new users to easily check if the configurations are working well by constantly altering and testing their setup.
- Copy Trading – Copy trading enables users to mirror the trading strategies of expert traders.
- Demo Account – The demo account allows users to practice trading without owning any cryptocurrencies or participating in any exchange.
- Strategy Designer – The Strategy Designer offers more than 130 indicators and candle patterns to choose from, enabling users to develop their own technical analysis.
Cryptohopper Marketplace
Cryptohopper also runs a marketplace, a feature most will find quite helpful, especially for beginners, allowing them to copy trade.
In this marketplace, users take the trading strategies of professional traders and apply them to their own trades to increase their success. This is all done with just a couple of clicks, and the system automatically copies their trades.
Of course, you should read reviews from other users and check out the trader’s track record first before applying the strategy. Moreover, some traders on the marketplace give their strategies for free, but you will find that most sell theirs at a custom fee.
Security
Regarding security, Cryptohopper is crafted to buy a selected cryptocurrency when its price is low and sell it when it meets your desired profit margin. The platform will manage your account’s selling and buying strategies based on an API Access Key obtained from your favorite exchange.
Pricing
If you are curious to find out more, you can check their Pricing page.
As you may see there, for 80 positions opened per month, you have to pay only $24.16, while a 500-position per-month plan is $107.50. If you want a medium plan, you can purchase the $57.50 one, which allows you to have 200 positions per month.
All of these plans include support, and the Cryptohopper team is more than happy to help you with any issues you may have.
Final Thoughts
In conclusion, Cryptohopper may be the best platform for increasing your crypto investments. If you do not want to waste hours checking the prices and placing orders, let Cryptohopper do that for you, and enjoy your free time!
