Cryptohopper Review: 5 Things to Know Before Using in 2020

This Cryptohopper Review

goes over the crypto trading bot that allows you to copy and manage trades from different exchanges. Many exchanges are supported such as Kraken, Poloniex, Binance, Bittrex, and more. 

With the Cryptohopper trading bot your orders will automatically be executed. So you don’t need to stay in front of crypto charts to wait until the prices arrive at your predicted level. The automated trading bot will trade for you, so you only need to configure the trading bot. 

Many cryptocurrencies are supported so you can trade major crypto coins. Cryptohopper supports Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. If you’re a new trader without much knowledge in trading, then you use the paper account. 

The paper account known as a demo account, allows you to trade the market with real data. But you don’t need to fund your account, as the paper account it’s free and your balance can be more than $10,000.

Besides the demo account, Cryptohopper has many other features. You can access the marketplace that you can use it purchase signals. Also, you can purchase different strategies from other traders. And also customize your Cryptohopper template by purchasing templates from a wide list of templates.

The crypto trading bot it’s available on Windows, Mac OS, or Linux. You can also use the crypto trading bot on smartphones by downloading the app. But the web version it’s easier to use and you can access all features. 

Not all the features of the Cryptohopper trading bot are supported with the free plan. So, to access all features, you can upgrade a different plan. Upgrading to a premium plan will unlock more features and limits to trade. 

You can open more positions, use more time frames, trade more cryptocurrencies, and more. Besides the premium plan, you can use the Cryptohopper trading bot with a trial. You can enjoy all features and limits for 7 days with the trial package for free.

Pricing

To use the Cryptohopper trading bot it’s for free. But the free plan does not offer many features, such as positions, active bots, automatic trading, and more. So, if you want to access these and other features, you can upgrade to a premium plan. 

When you upgrade, you can trade with more features available in the crypto trading bot. The Pioneer package, it’s the default package as a new user so it’s a free plan. You can upgrade to the Explorer, Adventurer, and the Hero package.

Pioneer package

With the Pioneer free package, you can open up to 20 positions. Portfolio management it’s available, and you can’t trade with the automatic trading bot. 

All exchanges are supported, and other features such as syncing positions, reserve positions, personal stats are available. 

The full list of the free package includes these features:

• Portfolio Management 
• Manual Trading 
• All exchanges available
• Syncing Positions  & Reserve Positions 
• Personal Stats  & Global Stats 
• Strategy Builder  & Strategy Backtesting 
• 130+ Indicators & Candlesticks 
• Support
• Open positions – 20
• Selected Coins to Scan – 0
• Triggers – 0
• TA Scan interval – N/A
• Active bots per subscription – N/A
• Active simulators per subscription – N/A

Explorer package

The monthly price to subscribe to the Explorer package is $19.00 per month. You can get a discount if you decide to subscribe to the Explorer package for 1 year. The monthly price for the yearly plan is $16.58 per month.

Free trial its available only for the explorer package. You can use all the features of the explorer package for 7 days. With this plan, you have more features and limits. You can open up to 80 positions, use the automatic trading bot, copy trades, and more.

All the features available on the Explorer package include:

• Portfolio Management 
• All exchanges available
• Manual Trading 
• Syncing Positions & Reserve Positions 
• Personal Stats & Global Stats 
• Strategy Builder & Strategy Backtesting 
• 130+ Indicators & Candlesticks 
• Open positions – 200
• Selected Coins to Scan – 50
• Triggers – 5
• TA Scan interval – 5 minutes
• Active bots per subscription – 1
• Active simulators per subscription – 1
• Automatic Trading & Copy Trading 
• Backtesting & Trailing Features 
• Stop-Loss & Take Profit
• Auto-Close & Shorting 
• DCA 
• Support

Adventurer package

The adventurer package has a pricing of $41.58 per month if you subscribe to the yearly package. You can subscribe monthly for only $49.00 per month.

The full list of supported features includes:

• Portfolio Management 
• All exchanges available
• Manual Trading 
• Syncing Positions & Reserve Positions 
• Personal Stats & Global Stats 
• Strategy Builder & Strategy Backtesting 
• 130+ Indicators & Candlesticks 
• Open positions – 80
• Selected Coins to Scan – 15
• Triggers – 2
• TA Scan interval – 10 minutes
• Active bots per subscription – 1
• Active simulators per subscription – 1
• Automatic Trading & Copy Trading 
• Backtesting & Trailing Features 
• Stop-Loss & Take Profit
• Auto-Close & Shorting 
• DCA & Exchange Arbitrage 
• Support

Hero package

With the Hero package, you have all features available. If you choose to pay for only a month, it costs $99.00. The pricing per month with the yearly package is $83.25 per month.

All the features available are listed below:

• Portfolio Management 
• All exchanges available
• Manual Trading 
• Syncing Positions & Reserve Positions 
• Personal Stats & Global Stats 
• Strategy Builder & Strategy Backtesting 
• 130+ Indicators & Candlesticks 
• Open positions – 500
• Selected Coins to Scan – 75
• Triggers – 10
• TA Scan interval – 2 minutes
• Active bots per subscription – 1
• Active simulators per subscription – 1
• Automatic Trading & Copy Trading 
• Backtesting & Trailing Features 
• Stop-Loss & Take Profit
• Auto-Close  & Shorting 
• DCA 
• Exchange Arbitrage & Triangular Arbitrage 
• Allow all Coins for Signals 
• Premium strategy indicators 
• Algorithm Intelligence (BETA) 
• Market Making & Support

Features

Many features and tools are available with Cryptohopper trading bot. These tools and features can be used on crypto trading bot on different occasions. You can use them to automate your trading by configuring the bot to trade automatically for you. 

If you’re new in trading, then you can practice for free with the paper trading feature. Backtesting is supported, so you can analyze the charts from historical data. 

These features and other features are listed below and will describe the purpose of each feature and tool.

Automatic Trading 

Automated trading allows you to trade 24/7 days, 365 days a year. Panic selling, greedy buying, these are just some of the ways that emotions may affect your trading for the worse. 

Cryptohopper uses pure analysis to drive its trading decisions. Cryptohopper trades all available coins simultaneously, keeping track of their exact prices and selling as soon as they hit the target profit.

Exchange Arbitrage 

Market Arbitrage known as triangular arbitrage, allows you to do arbitrage exchange without sending funds from one exchange to the other. The prices can be different due to supply and demand, and with exchange arbitrage, you can benefit from that.

Market Making Bot

With this bot, you can easily configure your market maker. You can cancel orders automatically, set a stop-loss, take profit, and fill orders. The bot also allows you to use indicators so you can recognize the market trend and configure different trading strategies.

Bot Mirror Trading 

Mirror trading allows you to buy temples that you can use on the Cryptohopper trading bot. Also, you can buy strategies that can help you in crypto trading. Signals can also be bought from other traders so you can trade the same signals of the other traders.

Trailing Stops 

With this feature, you can spot buying opportunities on the crypto trading bot. The feature it’s built that looks automatically for any buying opportunity when an uptrend forms. Once the uptrend is detected, the buy order will be automatically placed.

Paper Trading 

Paper trading helps you to trade with an account that does not need funds to be deposited to start trading. You can start trading the crypto market with real data on an account that’s free to create. With the paper trading feature, you can try different strategies before depositing real money.

Strategy Designer 

The strategy designed tells you when to buy or sell. It gives you indications to trade the market with technical analysis that’s done automatically from the strategy designer feature.

Backtesting 

The backtesting tool allows you to conveniently use historical chart data to determine how your strategies would have performed in the past. You can view each instance that the crypto trading bout would have bought and sold.

Exchanges

With Cryptohopper you can connect your account from popular exchange platforms. Exchange platform as Kraken, Poloniex, Binance, Bittrex, and other exchanges are supported. You can easily import your exchange account details from your account. 

Once you log into your account in Cryptohopper, you need to paste the API Key from the exchange you want to connect. The API Key can be found on the settings page of your exchange account. 

Once you finish the setup of your exchange, you can start trading through your exchange. The portfolio of your exchange account can be managed easily on the Cryphoper platform. 

Cryptohopper supports the following exchanges:

• HitBTC – All features available 
• OKEx – All features available 
• KuCoin – All features available 
• Kraken – All features available
• Binance – All features available
• Binance.us – All features available
• Coinbase Pro – All features available
• Bittrex – All features available
• Poloniex – All features available
• Kraken – All features available
• Bitfinex – All features available 
• Bitvavo – All features available

Marketplace

The marketplace page allows you to buy and sell strategies, templates, or signals. You can sell your signals for a fixed price or for free. Besides the seller feature, you can also buy signals, strategies, and templates. 

The strategies menu contains some of the most rated strategies amongst the best trader. You can buy these strategies to use them with the crypto trading bot. Strategies are very cheap as they start from $1.99.

You can also copy signals from the best traders. Signals can be found for free and you have more than 10 types of signals. To customize your Cryptohopper template, you can choose from a wide list of templates. Most of the templates are available for free, you can buy templates too.

Client Support

Cryptohopper provides a lot of resources that give more information about the Cryptohopper trading bot. You can visit the tutorials page to read detailed tutorials with videos too. 

The documentation contains much information about features, pricing, the marketplace, and more. You can also access other features such as the blog to read different blog articles.

To send a ticket, you can visit the help desk page to view your submitted tickets and replies from the support team. The live chat team it’s available on the bottom right to answer your questions.

Summary

Cryptohopper is a trading bot that’s available since 2017. Compared to other trading bots, you can use the crypto trading bot for free. There are limitations on features so you cannot access all features of the crypto trading bot. 

But upgrading to a premium plan will give you more features to use the trading bot. The pricing may be a bit higher, but we recommend you to try the trial first. The trial is for free and it can help you to decide if it’s worth upgrading to a premium plan or not.

Get Started at Crypto Hopper Here!