Last Updated on 5 November 2023 by CryptoTips.eu
Cryptohopper review (2024)
Cryptohopper.com is a trading bot platform developed by a Dutch company. We call it intentionally a platform because it is more than just a trading bot. Besides the fact that the bot can place trades for you 24/7 fully automatically, you’ll have many other functionalities which will make crypto trading easier for you. The idea of the developers is that you’ll be able to trade simply and automatically, without you having to sit behind your computer or laptop.
Apart from that is the bot accessible for traders of all levels. The setup is so easy that even a beginner trader can handle it, but it also has the functionalities which the experienced trader find interesting. The bot has been developed to help you trade and it certainly doesn’t guarantee any profits. It’s only going to make it possible to place orders based on more information.
In this Cryptohopper review we look at the platform, examine its safety and give a final verdict. On this page you also have the opportunity to leave your own experience through our rating system.
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How to get started with Cryptohopper?
Starting with Cryptohopper is very easy and can be done by creating a free account. You can Cryptohopper for free for seven days.
- Register an account: https://www.cryptohopper.com/create-account (use the bot 7 days for free without using a payment method)
- Verify your email address
- Make sure you are registered on one of the supported exchanges. We recommend the most popular exchange Binance.
- Click on Start Wizard
- Select your exchange. We selected Binance
- Enter the Binance API Key. At Binance go to your Account and select API Management (under Settings) -> Enter a name and click on Create -> after the verification copy your Api Key and the Secret Key to your Cryptohopper account. Note: Do not turn on Enable Withdrawals!
- Enable Paper trading if you only want to try the bot (no real money will be used)
- Choose a template on the next page (free) or subscribe to a signal
- The Hopper is active immediately after setup
More than 200 000 traders use this platform. Creating and configuring your account takes less than 5 minutes. One of the advantages of Cryptohopper is that you don’t have to run a (VPS) server to run the bot and this saves you money. Everything is fully cloud-based and available through your browser or smartphone app. If you close your browser or computer, trades will still be placed.
At which exchanges can you trade with Cryptohopper?
You can trade automatically at these 12 exchanges:
It is expected that many more exchanges will be supported in the near future. The exchanges Cex.io and Cobinhood have been confirmed by the developers.
What are the most important features of Cryptohopper?
The most important functionality of the bot is that it can automatically trade for you 24/7, 365 days a year. It is simply impossible for us to always place a trade at the right time. In addition, a bot has no emotion and trades on the basis of market data. Emotions like Panic Selling or Fear Of Missing Out can’t occur on a computer. The bot can keep track of the prices of all available coins at the same time. It can sell a coin at exactly the right moment (the right moment you specified), as soon as it has reached its profit target. This is almost impossible for a human being.
Different strategies per market
The bot acts differently in a bull market than in a bear market. In both markets it is possible to generate profits. Even in a stable market with little volatility it is possible to make small profits (scalping).
Fully cloud-based
The platform runs safely and securely at Amazon Web Services. The advantage of this is that nothing needs to be installed and it is accessible for any web browser. Amazon can guarantee that the bot will always be online and additional resources will be installed when more traders will use Cryptohopper.
Another advantage is that you don’t have to pay extra for a VPS (Virtual Private Server) which is most of the time another monthly subscription.
Follow crypto signals from experts
You can subscribe to so-called crypto signals from experts. By subscribing to these signals you’ll be able to copy a strategy of an experienced trader. Your bot buys or sells exactly when the expert does. In the portal you can see the (historical) performance of all the signals and decide for yourself which one you want to subscribe to. The good performing crypto signals are not free.
This is a one time payment and ensures that the expert receives a small fee. If you want more information about a signal you can click on it. There you can find more information about the team, and how they have performed lately. You will also see reviews of users who have already subscribed. Always read these to see how the team is currently performing.
Use of trading bot templates
You can create your own trading bot templates to develop a personal trading strategy. Create a template for every market condition and easily link it to your Hopper.
Perform technical analyses
Cryptohopper is standard equipped with many indicators that can help you perform technical analyses. These indicators can be turned on or off to determine whether certain patterns from history will repeat themselves. You can determine the chance that a pattern will repeat itself again and you can respond to that.
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What are the Cryptohopper costs?
Cryptohopper is free for the first 7 days, but you have to pay a monthly fee after that. We recommend that you make good use of these 7 free days, to make a well-considered choice whether you want to pay for it later. Depending on how much you trade, different packages are available.
Explorer Hopper (Starter)
- 80 positions
- Max 15 coins
- Max 2 triggers
- Buy with 10 min. interval
Adventure Hopper (Medium)
- 200 positions
- Max 50 coins
- Max 5 triggers
- Buy with 5 min. interval
Hero Hopper (Pro)
- 500 positions
- Max 75 coins
- Max 10 triggers
- Interval
- Arbitrage trading
Besides these costs, Cryptohopper does not charge any trading fees. So within the month you can trade unlimited, but please keep in mind that you still have to pay for the trading fees at the exchange.
Is Cryptohopper suitable for beginners?
Trading bots are generally only suitable for experienced traders. They are difficult to set up, have many features and require a lot of maintenance. Cryptohopper also focuses on the beginning trader. You can see this the way the portal and the wizards are developed and the documentation that is available. The platform is very user friendly and the options are clear. In the tutorials section there are many documents and videos available which explain step by step how to use Cryptohopper.
You can also try Cryptohopper by using Paper Trading. This means that you’ll only be trading on paper, but that no real trades will be placed. This way you’ll be able to try the service without losing (or gaining) any real money.
Is Cryptohopper safe?
At this moment more than 200 000 users are using the platform. There are many signal providers at the platform and it has been around for quite some time. Cryptohopper has proven to be a reliable platform and delivers its service to many customers. One thing you should know is that Cryptohopper does not guarantee profits. It is just a tool to trade more easily with more information and to get some sleep at night.
It is a Dutch company that is registered with the Dutch Chamber of Commerce. The company is called Cryptohopper B.V. and is registered at 08-12-2017. The company is located in Amsterdam at the Johan van Hasseltweg 18A. On Google Maps this looks like a standard office building. We have requested the data from the Chamber of Commerce to find out more about this company. Cryptohopper B.V. has two holding companies as directors:
- West Weather Holding B.V.
- Campfield Holding B.V.
We have also requested the persons behind these holdings:
- R. Feltkamp is the director of West Weather Holding B.V.
- P. Feltkamp is the director of Campfield Holding B.V.
These are the two brothers mentioned on the website. One of these guys does also some acting in a famous Dutch soap serie (a Dutch link).
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Do you have experience with Cryptohopper and would you like to share your experience? This can be done via the review form below.
Company Details:
Cryptohopper B.V.
Johan van Hasseltweg 18A
1022 WV Amsterdam
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