- Membership/Subscription Fees
- Customer Service
- Value for Money
If you’re involved in cryptocurrency or the trading world, then you may have heard of Cryptohopper. Cryptohopper is an automated cryptocurrency trading platform with many tools and features. So, is Cryptohopper right for you? Read to find out.
Cryptohopper is an automated cryptocurrency trading platform. Founded in 2017, the company has risen quickly to occupy an important role for those who wish to use a bot when trading cryptocurrency.
Cryptohopper features a range of bots and trading signal strategies which crypto traders can utilize for a monthly fee. The company was founded by a professional trader from the Netherlands. This should mean that Cryptohopper understands the needs of traders and how to best service them.
Cryptohopper is full of useful features that you can take advantage of when trading cryptocurrency. As with all of our platform reviews, we took an in-depth look at the best features which can be most useful to you as a trader.
As the name suggests, the Cryptohopper strategy designer allows you to create your very own trading strategy for use within the automated platform. This is ideal if you have an already developed strategy to import, or simply want to create your own.
The infrastructure of the platform at Cryptohopper will allow you to design, test, and finally execute your own strategy within the Cryptohopper platform.
To assist you with strategy creation, the system features a simple drag-and-drop designer, so you never have to worry about code, and all of the professional tools and charts you need to create your own technical analysis.
You can also test your strategy to ensure it is producing the correct signals as you intended, and actually working in an effective manner.
Trading Platform integration
Cryptohopper provides seamless integration with 9 of the top cryptocurrency exchanges. This includes Huobi as a premier partner of the firm, along with Binance, Kraken, KuCoin, and other top names.
This high level of integration will help ensure that no matter which crypto exchange you trade with, you can still utilize the Cryptohopper bot to full effectiveness.
This feature is very useful to try before you implement a particular trading strategy. The backtesting feature of Cryptohopper allows you to see how your strategy would have performed in the past based on the available data.
This feature can be a fantastic indicator as to the viability and potential future performance of your strategy. It can also save you valuable time and money through making sure the strategy you implement is doing the best possible job.
Not only does Cryptohopper function as an automated trading hub and platform. You can also engage with other top traders and strategy creators through the Cryptohopper marketplace. This is an area which you too can join.
The marketplace allows for the selling of trading strategies, signals, and other trading related materials by verified, top trading professionals. Through this marketplace, you can purchase products which will help develop or improve your overall trading career. We have reviewed many services like Forex Signals, and have found the trading strategies and signals retailed on Cryptohopper to be of a good standing in the community.
You will also have the ability to review any product or service purchased within the Cryptohopper marketplace.
Cryptohopper Pricing and Availability
There are 3 types of subscriptions available through the Cryptohopper site. These are as follows:
Starter – 80 positions, 15 Coins, and 2 triggers are included – $19/month
Medium- 200 positions, 50 coins, and 5 triggers are included – $49/month
Pro- 500 positions, 75 coins, and 10 triggers are included – $99/month
All accounts include no additional trading fees from Cryptohopper, and a highly professional set-up with more than 120 indicators and professional charting patterns available for analysis on every market and trading strategy.
Cryptohopper stops short of making too many exuberant claims. This should be considered a positive aspect for anyone who is considering signing up with the service. They also offer a free, 7-day trial. During this trial you can gauge the effectiveness of the service for yourself prior to deciding if you would like to continue with one of the paid plans.
The only kind of claims which Cryptohopper alludes to are, that the service provides a way in which you can simplify the automated trading process, and that it can help you to maximize returns. These are both very achievable claims given the breadth of professional features which the platform makes available to traders.
As a relatively new company, and operating within such a tumultuous market as cryptocurrency trading can be, it is difficult to pin down precise results which would clearly indicate success or otherwise. What we can say though, is that the results produced by Cryptohopper have received largely positive praise from traders around the industry who have tries the service.
The aim of simplifying the automated trading process was certainly successful given the ease with which Cryptohopper allows you to create and execute your own automated trading strategy. Integration with brokers and their attempts to create a trusted marketplace for the retail of professional trading strategies and products has been similarly received in a positive fashion by the trading community.
Trustworthiness and Support
As a relatively new company in the industry, there will understandably be some who adopt a cautious approach when dealing with Cryptohopper. Given all of the available information we have at our disposal to conduct this review however, it would seem that Cryptohopper operates in the most transparent manner possible.
They have been openly founded by family members with expertise in the industry, and widely covered by national and internationally renowned news outlets. This would be indicative of a trustworthy service.
Similar to the top forex broker reviews which we conduct, our review team considers you safety and security as a top priority. With that in mind, we are confident that thus far, Cryptohopper have run a service which you can trust.
In terms of support, the service offers access to its own forum where you can interact with the support team and other experienced traders at any time. This is in combination with other active channels on Discord and Reddit. Both offer a fully immersive support service which is typically available around the clock.
If this is not enough, there is also a complete section dedicated to troubleshooting and support on the Cryptohopper website. This also provides access to their web-based live chat for further help or instruction.
Who Should Choose Cryptohopper
Cryptohopper is a service which could ideally fit traders within a number of categories. Naturally, they are focused on trading within cryptocurrency only. The service would be easy enough that it can be operated by all traders of varying levels. With that said, the traders who would benefit most from Cryptohopper are probably those with a good base knowledge of trading and their goals within an automated trade setting.
From a positive standpoint, users of any skill level are free to try Cryptohopper and see if it is viable to assist their trading career. There are also some excellent resources available through the website directly, and for purchase through the marketplace. These resources could really help to develop your trading career along the same levels as many top educational services we have reviewed.
Overall, within a short period of time, Cryptohopper has established itself as the service of choice for those wishing to engage in automated trading of cryptocurrency.
Their offering of many excellent and professional features as well as integration with many of the trusted top exchanges has helped them make an early mark in the industry.
The service offers a very solid and easy to use trading bot, backed by an active community of traders and an industry-competitive pricing structure. If the current trend toward crypto-trading and increased automation continues, it would be safe to assume Cryptohopper will rise further toward the top of the industry in coming years.
- Integration with many of the top crypto exchanges.
- Cloud-based operation make it easy to implement trading strategy with any exchange.
- Has risen quickly within period since launch and received positive reviews from many respected sources.
- Industry competitive pricing with a free 7-day trial available.
- Team has remained anonymous to date.
- Free signals which are provided lack quality according to some users.
- Wide variation in quality of products available through the Cryptohopper marketplace.