Cryptohopper is a cryptocurrency trading robot designed to simply help simplify the crypto trading process, and help traders of all experience levels to take advantage of these trading opportunities, maximize their profits and reduce the chance of losses.
While there are a number of cryptocurrency trading bots currently available such as commas, Cryptohopper aims to empower traders by giving an simple to use and fully featured service which allows its users to easily trade multiple cryptocurrencies while removing human frailties from their trading process.
The semi automated bot doesn't guarantee profits and simply allows traders to create more intelligent trades based on algorithmically programmed trading approaches and external signals.
What is Cryptohopper?
In its most basic form, Cryptohopper is an online platform that allows you to make full usage of an automated trading bot. Which means that trades is likely to be placed in your behalf, based on the underlying conditions that the bot has been instructed to implement. With the Cryptohopper platform first launched in 2017, the company now claims to have facilitated trades for a lot more than 140,000 people.
As we shall discuss in more detail further down, Cryptohopper is more of a semi-automated bot. By this, we imply that the bot is just as good as the individual that programs it. For instance, if the bot's primary objective is to buy Bitcoin when it increases in value by a lot more than 5% in a 24 hour period, then this is often what the bot will do.
As a result, there's no guarantee that the bot is likely to be successful in making you consistent profits. On the contrary, you may in the same way easily lose money.
Nevertheless, the Cryptohopper bot is compatible with eight leading cryptocurrency exchanges. This includes the likes of Binance, Coinbase Pro, Bittrex, Bitfinex, and KuCoin. This ensures your automated bot has sufficient quantities of liquidity to accomplish its pre-programmed objectives – 24 hours per day.
One of the best advantages of using Cryptohopper is the flexibleness is offers to traders of all experience levels. For instance, if you're a seasoned investor with a long-standing background in the online trading space, then you definitely have the option of building an automated bot to mirror your exact requirements.
How CryptoHopper Works
Essentially CryptoHopper functions by executing trades for you personally on whichever trading account you link it to. To be able to link your exchange account to your CryptoHopper account you'll need to enter your API key into your CryptoHopper account. This key is available in your exchange account setting. The method can vary greatly from exchange to change, but CryptoHopper provides thorough resources on linking your account to various exchanges on their tutorials page.
Once your exchange account is linked to your CryptoHopper bot it will likely then execute trades according to the settings which you have applied to it. It'll perform technical analysis based on market conditions and then buy or sell your cryptocurrencies according to the trading strategies that have been set. It'll continue trading cryptocurrencies in this manner before you either change it off or alter the settings. While the method is automated, there's still oversight required in your part, as a bear market could suddenly lead to the bot performing trades which net a poor result. With all of this in mind there are a few things you should consider before using CryptoHopper.
CryptoHopper Marketplace
When you have picked you pricing tier you are free to create your bot to your liking, however you may go for the CryptoHopper marketplace to be able to purchase an algorithm that was already built by another trader. You can find free trading strategies available too, but a lot of them cost money. That is a nice-looking choice for new traders, as they are able to use an automated strategy that somebody else built, while being able to read reading user reviews, view a background, and a complete breakdown of what the bot is likely to do. While this doesn't guarantee a profit, it is a useful tool. Furthermore, you are able to amend the strategy you purchase, essentially enabling you to utilize it as a template and adjust it to your trading needs.
Cryptohopper Review: The Bottom Line?
If you've read our Cryptohopper review from start to finish, you ought to now have a firm comprehension of what it offers, and ultimately – whether it's right for the individual trading needs.
A very important thing about the platform is that it's suited to all experience levels. For instance, if you've got no experience in trading, nevertheless, you still want to work with automated strategies, then Cryptohopper is perfect.
On another hand, if you're a highly experienced investor and you're looking for a method to automate your proven trading strategies on a rolling 24/7 basis, Cryptohopper can be ideal.
We also really like the drop and drag framework that the platform utilizes as it pertains to designing and building your bespoke automated strategies. As a result, there's no have to have any comprehension of programing or coding, that is just how it should be Go Deal Now.
Finally, in terms of pricing, we believe that all three plans offer excellent value. Even at a cost tag of $99 monthly, in the grand scheme of things this is a reasonable price to cover if you're seriously interested in committing to an automated trading system.
