Forex Robots

Cryptohopper Review: Is This Crypto Bot Safe and Legit?

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Cryptohopper

Cryptohopper provides you with a chance to use expert tools to formulate trading strategies even if you lack coding skills. It also helps to manage your portfolio and allows you to copy trades from veterans so as to increase your earnings.

About Cryptohopper

Cryptohopper is an AI-powered crypto trading bot that is designed to trade Bitcoin, Litecoin, Ethereum, and more than 100 other coins on the most popular exchanges. It basically allows you to develop or download strategies that will monitor the market 24/7 on your behalf and place buy/sale orders according to your parameters.

Cryptohopper review: key features

We have described below some of the bot’s key strategies:

  • Backtesting

This feature helps you to test your trading methods and configurations on paper to gauge their efficiency.

  • Selected coins to scan

Hopper may scan certain coins 24/7 looking for opportunities to place buy and sell orders. Selecting more coins serves to increase your trading activity.

  • Strategy designer

This feature enables you to create your own strategies and combine them with the indicators of your choice. If you want, you can even sell the successful approaches on the platform’s marketplace and earn extra money.

Cryptohopper: trading strategy

The bot works with several strategies. One is Dollar Cost Averaging (DCA), which focuses on increasing your investment and reducing the weighted average price to alleviate any potential bags. Cryptohopper also allows you to short sell your assets to mitigate a sudden drop. Other trading techniques include triggers, trailing orders, social trading, market making, arbitrage, etc.

Security of Cryptohopper

Cryptohopper interacts with your chosen exchange using encrypted API keys, which makes it impossible for the vendor to see or even access your money. It also supports 2FA so as to deliver an additional layer of protection for your account. The website is safeguarded by Cloudflare, which incorporates a web application firewall and DDos protection.

Is Cryptohopper safe?

Yes, it is. The vendor assures us that they have safeguarded the platform using industry-leading security protocols.

How much does Cryptohopper cost?

Cryptohopper comes with three distinct plans, namely Explorer, Adventurer, and Hero, that cost $19/month, $49/month, and $99/month, respectively. Annual plans are also available at much cheaper prices, allowing you to save between $2.42 and $15.75. The features incorporated into these plans include portfolio management, manual trading, all supported exchanges, and different trading positions. The free plan, dubbed Pioneer, is also on offer.

Deposit and withdrawal

You are advised to work with a deposit of €20-40 worth of Bitcoin on your Poloniex account if you want to test the bot. A minimum deposit of €300 on Poloniex or Kraken will supposedly give you optimal results, though. The withdrawal permission is disabled for security purposes.

Does Cryptohopper charge fees and commissions?

Cryptohopper does not take any fees or commissions from your trades. However, you may have to pay some fees on your exchanges to cover the cost of transacting through them.

How much profit can it earn?

The amount of profits you can earn with this software will mainly rely on your settings, market conditions, and your trading skills, among other factors. To optimize your chances of getting steady profits, it is recommended that you work with currencies you trust and avoid panic selling when prices decrease more than you have bought them.

Company reputation

Cryptohopper B.V. is a limited liability company created under the laws of the Netherlands. It is headquartered in Johan van Hasseltweg, Amsterdam and registered with the Dutch Chamber of Commerce (70270481). The main founders of the bot are known as Ruud Feltkamp and Pim Feltkamp.

Cryptohopper reviews

A majority of the bot’s customers praise the platform for offering good customer support, that has enabled them to maximize their earnings.

Positive customer review

Positive customer review

Positive customer feedback

Positive customer feedback

Positive user review

Positive user review

Who is Cryptohopper for?

Cryptohopper may be for traders who want to capitalize on social trading. Aside from creating your own methods of trading, you can copy pro traders on the bot’s marketplace. The platform will permit you to implement strategies from professionals to monitor the market and download pre-configured bot templates.

Cryptohopper: supported devices

There’s no mention of the kind of operating system this bot supports on the official website.

What exchanges does Cryptohopper support?

The software works with the following exchanges:

  • Bittrex
  • Binance
  • Bitfinex
  • HitBTC
  • Bitvavo
  • Kraken
  • Crypto.com
  • Bybit
  • Poloniex
  • Coinbase
  • Kucoin
  • Huobi
  • Okex
  • Binance.US
  • Bitpanda
  • Exmo

Cryptohopper: customer care

Cryptohopper provides a variety of customer care options, including email, a support ticket system, a knowledge base, FAQs, a live chat, tutorials, and so much more.

Cryptohopper

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You can use Cryptohopper’s preconfigured strategies to trade smarter and faster so as to increase your portfolio. The availability of a backtest feature makes sure you work with efficient techniques only for optimal success in the crypto market. Lastly, the positive customer reviews confirm that the bot is reliable, so it’s a good system to invest.

  • Supports backtesting
  • Safe to use
  • Positive user reviews
  • Multiple exchanges incorporated
  • Real trading performance is unknown
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