Cryptohopper Review: Is It Worth It?
Cryptohopper Review
Cryptocurrencies have had their ups and downs over the past few years. Still, many believe they're on their way to being a major long-term investment. If that's true, investing in Cryptocurrencies might be worth considering, especially if you have limited time to research and keep track of the market trends between now and when it happens. The best part is that many platforms available today will do this heavy lifting for you! Read our Cryptohopper review to find out why we think it might be worth your money.
History and Background
Cryptohopper was founded in 2017 by two Dutch entrepreneurs. The company is headquartered in Amsterdam, Netherlands. Cryptohopper is a crypto trading software that allows users to trade automatically on exchanges such as Binance, Kraken, Huobi, and Poloniex. The software is designed to trade on behalf of the user 24/7, even when they are sleeping or away from their computer. Cryptohopper also offers a mobile app for Android and iOS devices. It has been growing in popularity since its launch, with currently more than 600,000 users.
Main Features
Cryptohopper is one of the market's most popular automated crypto trading software platforms. The platform offers a wide range of features that make it an attractive option for serious cryptocurrency traders. Here are some of the main features of Cryptohopper:
- Automated Trading: Cryptohopper offers fully automated crypto trading. Users can set up their bots to automatically buy and sell cryptocurrencies according to predetermined criteria. This is a great feature for those who want to trade cryptocurrencies without having to constantly monitor the markets.
- Cloud-Based Platform: Cryptohopper is a cloud-based platform, which means that it can be accessed from anywhere in the world with an internet connection. This is an excellent feature for those who want to be able to trade cryptos while on the go. They also offer a mobile app for Android and iPhone.
- Algorithmic Trading: When it comes to automated crypto trading, Cryptohopper is one of the best in the business. Their software includes a feature called Algorithmic Intelligence, which allows it to learn and adapt to market conditions in order to make better trades. This makes it perfect for those who don't have the time or experience to trade manually.
- Advanced Technical Analysis Tools: Cryptohopper provides its users with advanced technical analysis tools that can be used to make more informed trading decisions. These tools include things like candlestick charts, order books, and price action alerts.
- Social Trading: The bot offers a marketplace, allowing users to copy the trades of other successful traders on the platform. This makes it a great option for those who are new to cryptocurrency trading and are looking for some guidance.
- Paper Trading: Cryptohopper offers a paper trading feature that allows users to trade in a risk-free environment. This is an excellent way to try out the platform and get a feel for how it works before committing any real money.
- Backtesting: If you want to find the best automated crypto trading software, you need to make sure that it includes backtesting capabilities. This is because backtesting allows you to test how the software would have performed in different market conditions.
Safety and Security
When it comes to online trading, safety and security are always major concerns. So when we heard about Cryptohopper, we were intrigued. This is an automated crypto trading software that promises to help you make money even when you're asleep. But can it really be trusted? We decided to take a closer look.
Cryptohopper claims to be the " safest and most secure " way to trade cryptocurrencies. They offer 24/7 customer support and claim to have an " advanced security system ." But what does that really mean?
We did some digging and found that Cryptohopper uses two-factor authentication (2FA) to help protect your account. 2FA is an extra layer of security that requires you to confirm your identity before being able to log in or make trades. This helps ensure that only you have access to your account, even if someone knows your password.
We also found that Cryptohopper offers SSL encryption for all data transfers on their platform. This means that your personal information and financial data are scrambled before being sent over the internet, making it much more difficult for hackers to intercept and steal it.
Overall, we were impressed with Cryptohopper's commitment to safety and security.
Trading Bots
One thing that sets Cryptohopper apart from other bots is its ease of use. The platform has a clean, user-friendly interface that makes it simple to set up and get started. Even if you're new to crypto trading, you should be able to get the hang of things pretty quickly. Possible bot options:
- Custom Bot
- Signal Bot
- Copy Bot
- Arbitrage Bot
- Market-Making Bot
Technical Indicators
One of the great things about Cryptohopper is that it offers a wide range of technical indicators that you can use to build your trading strategy. These indicators can help you make better decisions about when to buy and sell cryptocurrencies. Some of the indicators available include:
- Moving averages
- MACD
- RSI
- Stochastic oscillator
- CCI
- ATR
There are also a number of social media integration features available on Cryptohopper. These features allow you to follow and copy the trades of other successful traders.
Supported Exchanges
Cryptohopper is an automated crypto trading software that supports major exchanges, including Binance, Kraken, Huobi, and more. You can trade any major cryptocurrency on these exchanges with ease using Cryptohopper.
Usability and Interface
Cryptohopper is one of the most user-friendly pieces of trading software available on the market. The interface is clean, simple, and easy to navigate. Even those with no prior trading experience will be able to get to grips with it quickly.
The software can be used either via the web-based interface or through the mobile app (which is available for both iOS and Android devices). Both are equally well designed and offer all the same features and functionality.
One thing that sets Cryptohopper apart from some of its rivals is the fact that it offers a free trial as well as the option to practice with Paper Trading. This is a great way for newcomers to get up to speed with how the software works before putting any real money on the line.
Pricing and Fees
The basic version of the software is completely free to use. For those looking for more advanced features, there are three paid tiers. The lowest tier costs $19 per month, while the highest costs $99 per month.
While it's certainly not the cheapest option out there, it's worth noting that Cryptohopper does offer a 7-day free trial for those who want to try it before they buy.
Cryptohopper Pros & Cons
Like any other software, there are both pros and cons to using Cryptohopper. Overall, it seems that the pros outweigh the cons, but everyone's needs are different so it's important to weigh both before making a decision.
Cryptohopper: Pros
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It is an easy platform to use, even for those who are not familiar with trading cryptocurrencies.
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The software is automated, so you don't have to be constantly monitoring the markets.
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There are multiple customization options available, so you can tailor the software to fit your individual needs.
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There is a free trial period so you can try out the software before deciding whether or not to commit to it.
Cryptohopper: Cons
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The monthly fee
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The software does not guarantee profits - like any form of trading, there is always a risk of loss involved.
Cryptohopper Review: Verdict
If you're looking for the best automated crypto trading software, Cryptohopper is a great option. It's easy to use and has a wide range of features, making it ideal for both beginner and experienced traders. It's also one of the most affordable options on the market, with plans starting at just $19 per month.
If you'd like to start using Cryptohopper completely free, simply follow the link below!
