Cryptohopper Review: Features, Pros and Cons

When it comes to investing in the cryptocurrency market, CryptoHopper is the one-stop trading platform you need. Investors may use CryptoHopper to do a variety of things, like automate their processes, copy the actions of successful traders, receive timely warnings, and more. 

With this, investors may monitor the market from anywhere in the world, independent of the currencies they trade, the exchanges they use, or the location of their investments.

Cryptohopper does not charge a fee on individual trades; however certain of the site’s premium services are only available to paying customers. Instead, it costs investors a flat rate each month regardless of how many features they use.

Cryptohopper Features at a Glance

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Cryptohopper’s Unique Features

The following are a few of Cryptohopper’s features that set it apart from the competition:

Easy To Use

Investing in Bitcoin and altcoins has never been easier than with Cryptohopper. Cryptohopper’s core features need a monthly subscription; however, you may get started exploring the site for free without even entering your credit card information if you aren’t sure whether you want to make a commitment. 

Cryptohopper is user-friendly and straightforward despite its emphasis on providing investors with sophisticated graphing tools and trading possibilities. Cryptohopper’s most appealing qualities lie in the fact that it is remarkably simple to learn:

Advanced Tools – No Coding Knowledge Needed

Unlike other open-source systems, Cryptohopper gives you the freedom to personalize your investment experience and have access to powerful tools without having to write any code. With sophisticated capabilities like bespoke strategy scanners that can identify candlestick charting patterns in seconds and back-testing investment methods, Cryptohopper is ideal for both experienced traders and novices.

Easy Setup Process

To use Cryptohopper, you need no prior experience with cryptocurrencies. If you don’t have an exchange account but still want to try out Cryptohopper, you may create a paper trading account. Account creation and first use typically takes users less than three minutes.

No Hidden Charges

When you make a transaction on the Cryptohopper platform, you won’t be charged a commission because we’re not a broker. The usual, modest monthly cost remains the same regardless of the number of trades executed. This also simplifies the process of estimating the revenue your exchange will generate through fees.

Educational Resources for Beginners

If you’re just starting out in the cryptocurrency market, Cryptohopper is a great place to manage several exchange accounts from one convenient location, as well as take use of a wealth of useful educational materials. So, let’s have a look at some of the best Cryptohopper-hosted learning materials there are.

Practice Mode

You may put your investment plan to the test on Cryptohopper’s paper trading accounts without risking any of your own money. Those who aren’t sure if Cryptohopper is the perfect trading terminal for them yet but would benefit greatly from access to paper trading can also take use of this feature.

Robust Tools for Smart Trading Decisions

The variety of indicators and analytical tools available on Cryptohopper is superb. You may tailor your automatic trading experience to your preferences with a wide range of features, such as up to 90 candlestick pattern recognitions, 30 distinct indicators, and a host of other customization tools. You don’t need to know how to code to use any features; all you have to do is click to customize your alerts and indicators.

Copy Trading Feature Makes Your Life Easy

Investors may find all they need to learn from some of the market’s most established cryptocurrency investors in Cryptohopper’s Marketplace. You may quickly buy bot templates, interact with other investors, and subscribe to trade recommendations and alerts from both mobile and desktop devices with when you have the Cryptohopper app downloaded, and the program only accepts the best applicants.

Interacting with other traders will give you an insight into the nuances of the crypto market that you might miss if you look at it on your own. Check out the best social trading platforms that offer the same facility.

Dedicated Customer Support

Cryptohopper provides many channels for users to reach out to support:

Live Chat Feature

Visit Cryptohopper’s homepage to engage in some real-time chitchat. To enter live chat, choose the blue speech bubble in the lower right corner of the homepage. The chat app may be used to interact with a live representative or to look over the company’s frequently asked questions. A chatbot will be your initial point of contact, but if you can’t find the solution to your question there, a human representative will be available.

Support Ticket-Based System

Please visit the main website to open a support request. Accessing ticket support requires an existing Cryptohopper account.

How Do You Start Trading With Cryptohopper?

Cryptohopper’s onboarding process is straightforward. Usernames, emails, and passwords are required to establish an account, and social logins from places like Apple, Google and Meta, are also supported. After signing up, the next step is to configure your trading software (Hopper or bot).

In order to get started with your bot, you’ll need to enter some basic information about yourself, link it to an exchange, and choose a quotation currency. Following signals with a mirror technique is a good place to start; as you gain experience in crypto technical analysis, you may upgrade your bot’s capabilities.

Check out our reviews of the best Bitcoin trading robots available for all types of traders.

Who Can Benefit From Using Cryptohopper?

Investors wanting advanced research tools that do not require professional technical skills to execute will find what they’re looking for in Cryptohopper, which is aimed at anybody interested in copy trading and who already has an account with their favorite brokerage business.

While Cryptohopper is accessible to anybody, it does have certain advantages and disadvantages.

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Is There Anything Else Cryptohopper Has to Offer?

Investors may access their many cryptocurrency brokerage accounts from a single terminal by using Cryptohopper. Traders can improve their on-exchange talents with the help of Cryptohopper’s many resources.

• Capability to duplicate trades

• Tools for designing strategies and taking advantage of pricing discrepancies between markets are available to investors.

• Functionality and tools for advanced analysis

• Bear market strategies, such as dollar-cost averaging and shorting tools

Cryptohopper charges a fixed monthly price depending on the tools offered at each tier, so investors don’t need to worry about a per-trade deduction from their accounts while still having access to all of the capabilities. 

Although Cryptohopper does not offer brokerage services, it does supply traders with a suite of useful resources that may make the process of buying and selling cryptocurrencies much less complicated.

Is There A Mobile App Version?

Yes. Cryptohopper users can download the app on both iOS and Android devices and may benefit from the app’s streamlined onboarding process and unrestricted features. On both iOS and Android, you can get your hands on Cryptohopper without spending a dime. The Cryptohopper app has several great features, including:

Robust Security Measures in Place

You can rest certain that you will be the only one with access to your cryptocurrency holdings thanks to the biometric security mechanisms built into the Cryptohopper app.

Push Notification Feature

By configuring push notifications, you may get real-time updates on custom events, patterns, unfulfilled orders, and more. You can keep tabs on your whereabouts and progress right on your home screen.

User Friendly in Nature

The mobile version of Cryptohopper is as simple to use as the desktop software. Place orders to buy or sell with a single command and monitor your holdings from any location. See our guide to the best crypto apps.

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What Are Cryptohopper Charges For Getting Started?

Most investors may use Cryptohopper without paying a dime. You can keep tabs on your holdings, make trades in real-time using Cryptohopper’s trading interface, and use the tool’s battle test functions without paying anything on a recurring basis. 

Although there is no set starting balance for using Cryptohopper, the site suggests depositing at least €300 into your chosen exchange in order to fulfill minimum trading requirements and to better distribute your risk across numerous trades.

A premium subscription is required to use Cryptohopper’s automatic investment features. Cryptohopper now provides 3 tiers of premium account access. You get 80 virtual trades on the Explorer plan, with a maximum of 15 simulated coins and 2 triggers. The Explorer plan will cost you roughly $16.58 per month to subscribe to.

The Adventurer plan is the middle tier of Cryptohopper subscriptions. Every feature of the Explorer plan is available in the Adventurer plan, plus 50 more coins, 200 trades, 5 maximum stop-loss orders, and exchange arbitrage. Your monthly fee to use the Adventurer plan’s capabilities will be $41.58.

An all-inclusive set of tools, the Hero package at Cryptohopper is a good option if you’re an experienced investor seeking for a one-stop shop. When you purchase the Hero plan, you’ll get access to 500 positions at once, 75 coins, 10 triggers, and limitless trading signals. 

Not only will you get access to all of Cryptohopper’s advanced capabilities, but you’ll also have access to extensive technical analysis functionality. The monthly fee for the Hero plan is $83.25.

Remember that Cryptohopper isn’t an actual exchange, but rather a trading terminal that connects you to several other ones. This implies that in addition to any monthly costs incurred through Cryptohopper, you will also be liable to any fees imposed by the exchange on which your order is processed.

Is It Safe To Use Cryptohopper?

To my knowledge, Cryptohopper is a secure platform. In the world of cryptocurrencies, it is widely considered to be among the top exchanges out there. Nevertheless, whether you or a bot are doing the trading, you’ll always be taking a chance when dealing with volatile cryptocurrencies. 

There is always the potential of losing money in trading, despite the fact that using bots on Cryptohopper properly may considerably lower the risks in volatile trading.

For understandable reasons, some customers are wary when trading bot systems like Cryptohopper request access to their exchange API keys. It may sound risky, but this is really how the trading bots gain access to your assets. 

However, you should know that Cryptohopper bots are not granted withdrawal permission, thus they can never really remove any funds from your account. Other than the normal risk associated with trading cryptocurrencies, utilizing Cryptohopper is completely risk-free.

Cryptohopper Versus The Competition: How Does it Fare?

When it comes to exchange platforms, crypto enthusiasts are spoiled for choice. Similar to Cryptohopper, the following are some more choices:

Cryptohopper vs 3Commas

For those interested in trading cryptocurrencies, 3Commas provides a platform that supports both human traders and automated trading robots. 

Like Cryptohopper, it can connect to a total of 18 different major cryptocurrency trading platforms. These include Binance, FTX, Bittrex, Bitstamp, Kraken, Coinbase, and more.

The free subscription on 3Commas includes a single bot that may be used with both Options and GRID. The most costly Pro package is $49.50 per month with a yearly payment and includes unrestricted use of GRID bots, Options Bots, the Scalper Terminal, and paper trading. Much less expensive than Cryptohopper but lacking in complex trading tools.

Cryptohopper vs Pionex

With Pionex, you can automate your cryptocurrency trading and connect to exchanges like Binance and Huobi Global. The Pionex membership is free of charge forever, unlike Cryptohopper. Its Money Services Business license from FinCEN guarantees its users a risk-free trading environment.

Cryptohopper vs Dash 2 Trade

Dash 2 Trade is an upcoming all-in-one crypto signals and alerts platform, with built-in features like social intelligence tracking and other innovative forms of analytics used by quants and top crypto traders.

Watch a video introduction to Dash 2 Trade here.

This Cryptohopper alternative may also present a good investment opportunity as its native token D2T is currently on presale, recently featured in Cointelegraph. That sets it apart from Cryptohopper, in that its community of traders – including 70,000+ members of Learn 2 Trade, a trading education portal that founded Dash 2 Trade – can also benefit from its crypto project at the presale stage.

The earliest stage of the D2T presale was a private sale advertised to Learn 2 Trade members and a small number of media partners. The public presale is now ongoing and at the time of writing has raised around $3 million, almost 10% of its hard cap.

One aspect that really sets this new trading platform apart from Cryptohopper, is its analysis of new crypto presales – filling a gap in the market. Retail investors have often found it difficult to source accurate, timely info on new cryptocurrency projects. Dash 2 Trade’s community includes a human team of experienced analysts that provide members with up to date details on the hottest ICOs and IDOs.

See our full guide to the Dash 2 Trade project.

Conclusion

If you trade cryptocurrencies frequently or need more sophisticated features than your current broker offers, Cryptohopper might be the answer. Because it simplifies the analysis of trades, allows users to mimic the behavior of expert investors, and connects them with the greater cryptocurrency community, Cryptohopper is useful for both beginners and seasoned traders alike.

A great alternative to Cryptohopper with similar facilities is Dash 2 Trade. It puts all the crypto trading signals on one platform and is trusted by 70,000 traders.

Its native coin D2T is also hotly anticipated and expected to perform well in Q1 2023 at ICO. See our D2T price prediction.

Those who’re interested in being part of this upcoming crypto trading singles platform can become part of the D2T Presale via the link below.

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