Are you interested in using a trading bot to trade cryptocurrency?
Cryptohopper might be the perfect product for you if that is the case. With that in mind, this article will offer a comprehensive review of using Cryptohopper. We will cover everything you need to know about Cryptohopper and answer some of the most common questions about Cryptohopper.
What is Cryptohopper?
First, Cryptohopper is a trading bot for cryptocurrency. This means that it can place buy and sell orders 24/7 with no user input.
We’d like to clarify that this bot in no way guarantees profits. The full risk for all trades falls on the user and not the developers of the bot.
That said, you can use Cryptohopper to make a lot of money trading cryptocurrency.
Why We Like Cryptohopper
There are a few reasons that we really like the Cryptohopper trading bot. These reasons are outlined below with a brief explanation of that reason.
First of all, Cryptohopper is a beginner friendly trading bot.
This might not sound too important. However, most cryptocurrency trading bots are very complicated to use for all but the most experienced users.
This is not the case with Cryptohopper. The interface is very beginner friendly. In fact, you don’t even need to know programming to successfully use Cryptohopper. You can simply choose a trading strategy and let the bot do all the work for you.
Do we recommend this?
Not really if you want to maximize profits. You’re likely better off using your own trading strategy, which is possible to develop on Cryptohopper if you are an experienced user.
It Has Profitable Strategies in All Markets
Our favorite part of Cryptohopper is that it has profitable strategies in all markets.
As the saying goes, “It’s easy to make money in a bull market.”
And that’s true. Anyone can turn a profit in a bull market.
The real test is in a sideways market or bear market.
Fortunately, Cryptohopper has profitable trading strategies in all markets, so you don’t have to worry about the bot failing to make any trades if cryptocurrency is trading sideways for a little while.
The profit ranges from 0% to about 20%.
Follow Crypto Experts
An interesting feature about Cryptohopper is that you can choose to follow the trading strategies of crypto experts.
This means that the bot will execute the exact same trades as experts at the moment the experts make those trades.
It’s truly a case of – “If you can’t beat them, join them.”
We find this to be one of the most interesting features about Cryptohopper because it means you can be profitable while using a relatively unknown trading strategy.
Technical Analysis is Easy
Finally, Cryptohopper makes technical analysis of cryptocurrency markets. This becomes especially useful if you plan on building your own trading model.
We really like that you have the ability to view individual trading patterns, which allows you to see if a certain pattern repeats itself in a predictable manner.
No Trading Fees + Monthly Subscription
A lot of cryptocurrency trading bots will have fees for every trade that you make using the bot.
This is a problem because it incentivizes the trading bot to make more trades at less of a profit.
We don’t like that – it’s too much of a conflict of interest.
The Cryptohopper monthly subscription works much better for reducing the conflict of interest between the trading bot and the end user.
Cloud Based App
Cryptohopper is a cloud based app. It’s hosted on Amazon Web Services (AWS) cloud hosting.
This has a few huge advantages.
First, it means that Cryptohopper does not require you to download any software – it runs in the browser. And that makes it much faster than a software based trader.
The other advantage of a cloud based app is that the uptime is 99.99999%. You don’t have to worry about any downtime with Amazon.
In theory, you could run Cryptohopper on a VPS with similar uptime and have nearly perfect uptime and low latency for your cryptocurrency trading.
Frequently Asked Questions (FAQ) about Cryptohopper
This section will briefly answer some of the most frequently asked questions (FAQ) about Cryptohopper.
Can I make a profit with Cryptohopper?
Yes. Cryptohopper has an average return of anywhere from 0% to 20% if run on a working trading strategy.
That said, the best way to make money with Cryptohopper is to use it to develop your own trading strategy or follow a cryptocurrency expert’s trading strategy.
What exchanges is Cryptohopper compatible with?
Cryptohopper is compatible with over 10 cryptocurrency exchanges.
The most popular exchanges to use Cryptohopper on are Binance, Binance US, and Coinbase Pro.
We recommend Binance because it has the most trading volume and largest amount of cryptocurrencies to trade on the exchange.
How much does Cryptohopper cost?
First of all, Cryptohopper has a 7 day free trial period.
This allows you to test it out before making a purchase. We strongly recommend testing it out before purchase to see if you like it and the trading strategy.
As for the price, the lowest tier starts at $20 per month, which isn’t bad for the amount of trades that you receive and automated trading.
You can also upgrade to the Hero tier for more trades, more cryptocurrencies, a lower trading interval, and trading triggers.
Our recommendation is to try the trial and then upgrade to the Hero package for maximum profitably.
Can beginners use Cryptohopper?
Yes, Cryptohopper is beginner friendly. In fact, that’s one of the main advantages of using Cryptohopper compared to other trading bots.
How safe is Cryptohopper?
From a security perspective, Cryptohopper is extremely safe. You will not have any issue with missing coins or rigged trading with Cryptohopper – it’s a legitimate company.
It has over 200,000 customers!
Now, from a profit perspective, it varies. Cryptohopper is generally profitable with earnings consistently in the 20% range, but it can be unprofitable if the cryptocurrency has an unusual price pattern.
Final Verdict on Cryptohopper
That covers it for our review of Cryptohopper.
Our overall opinion of Cryptohopper is very positive. It’s a profitable, fast, safe, and secure crypto trading bot.
You can use it to trade cryptocurrency within a few minutes of setting it up, so it’s perfect for beginners. However, it does have plenty of options for more advanced users that would like to develop their own trading patterns for 24/7 cryptocurrency trading.
With all that in mind, we don’t have any complaints about Cryptohopper. It’s the best cryptocurrency trading bot available on the market.