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URL | PUBLISHED ON | POSTED BY |
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September 4, 2020 | Chidi Adewale Chigozie |
Cryptohopper
cryptohopper is a cryptocurrency trading robot designed to help simplify the crypto trading process, and help traders of all experience levels to make the most of their trading opportunities, maximize their profits and reduce the chance of losses. Cryptohopper aims to empower traders by providing an easy to use and fully featured service that allows its users to easily trade multiple cryptocurrencies while removing human frailties from their trading process.
I used cryptohopper for a while and here is my detailed review of its services, pros and cons. Even though The semi automated bot doesn’t guarantee profits and simply allows traders like me to make more intelligent trades based on algorithmically programmed trading approaches and external signals. it allows me to human tendencies and emotions from the trading process and instead rely on technical based trading algorithms and programmed trading approaches. I love the product becuase of its wide range of use. It is compatible with up to 75 cryptocurrencies and nine major exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex.
I like some its features becuase
1. it uses a web-based solution, and features an easy to use and intuitive user interface that includes a wide range of functions. Users can configure the bot to trade automatically 24/7 and make use of both algorithmic and social trading. Trading strategies can be derived via various technical indicators or by following the actions of third party trading experts.
2. Cryptohopper services can be utilized on any device connected to the internet such as a desktop, laptop, tablet, or mobile phone.
3. The platform provides a good range of trading tools and incorporates features such as a bot backtesting tool, configurable and saveable templates, trailing stops, and customizable technical indicators.
4. a support team that is available to deal with any issues. Users can contact the team by submitting a support ticket in the Support Section, and they can also be contacted via their Twitter account, Telegram group, and Facebook
5. the team have also produced the cryptohopper academy video library.
using cryptohopper is as easy as
1.sign up
2. setup account
3. signup to signallers in the market place
For the pricing, There are three main pricing plans available; however, Cryptohopper also allows members to make use of a free trial for 7 days, known as the “Pioneer Plan”
Users can simply sign up and begin using the service without having to submit any payment details. When the trial month ends, the hopper is automatically disabled, and users can then opt to purchase a full subscription.
The plans for anyone who chooses to sign up are as follows:
Pioneer Plan: Free Trial for 7 Days
80 positions
Max 15 selected coins
Max 2 triggers
TA with 10 min interval
1 Simulated Trading Bot
Explorer: Starter package ($19 Per Month)
80 positions
Max 15 selected coins
Max 2 triggers
TA with 10 min interval
1 Simulated Trading Bot
Adventure: Trader Plus Package ($49 Per Month)
200 positions
Max 50 selected coins
Max 5 triggers
TA with 5 min interval
1 Simulated Trading Bot
Exchange arbitrage
Hero: Pro Trader Package ($99 Per Month)
500 positions
Max 75 selected coins
Max 10 triggers
TA with 2 min interval
All coins for signals
Market Arbitrage
Market-Making
1 Simulated Trading Bot
Its important to note that cryptohopper does not refund any payment plan so users should make extensive use of the free trial before commiting to payment. Crypto hopper is user friendly and i dare say it is also favourable to new traders. I recommend the product an the community around it as you can get advice from seasoned traders.
Cryptohopper Features
Creating an account is a simple process, just click on the green “Signup” tab at the top of the page.
1) Create an Account
Visit the Cryptohopper website and enter a name, email address, username, and password in order to register
2) Setup your Account
From here you can simply follow the wizard as it will help you to quickly configure your hopper. You just need to select an exchange and configure the bot via your preferred exchange’s API keys and also set up basic hopper configurations. The process is very straightforward and there are links to tutorials and additional useful information on each step.
From here you can immediately start using your hopper, and once you have used the wizard and set up your account, you will be able to access a host of features from the dashboard. You can subscribe to signals, configure templates, and begin backtesting your bot, as well as set up two factor authentication on your account.
3) Signup to Signallers on the Marketplace
Cryptohopper allows users to sign up to integrated professional external signals, and the signaller service is provided by experienced traders who look for positive signs of an upward move. There are both free and paid subscriptions available and bots can be configured to follow signallers in just a few clicks.
When you get your Cryptohopper dashboard, it will give you access to their marketplace, this is a feature that a lot of trading platforms are including these days. The marketplace allows you obtain trading strategies for your bots – some of these are free and others are paid. This is great for beginners as it essentially allows you to use strategies created by more experienced traders and If you are an expert in creating trading bots, this could also be a source of income for you by creating and selling your own templates on the marketplace.
cryptohopper hold a special place in my toolbox of trading skills because they have features that are beginner friendly. the pricing is also fair enough for the amount of value you will gain from it.
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