Cryptohopper is fully automated, making it suitable for complete beginners. Cryptohopper claims that with just a deposit of $250, you can start earning big money online through their app. But is Cryptohopper a scam or is it as profitable as it is said to be? In this 2023 guide, we review evidence that Cryptohopper is legit and also tips to help you make the most of this robot. It is essential to note that there is a significant risk in trading with robots like Cryptohopper or other platforms e.g. Bitcoin Loophole. It is therefore advisable that you only make a minimum deposit as a test then trade with an amount you can afford to lose. On this Page:Contents [show] Is the Cryptohopper Trading Bot Legit? InsideBitcoins appears legit and their platform is fully active and working. Cryptohopper has a good reputation, the majority of online reviews claim out that this robot is profitable Cryptohopper customer service is excellent This robot seems trustworthy : the information on their website is verifiable and accurate The platform is secure and they are GDPR compliant From the above metrics, we find Cryptohopper legit. This robot is similar to Bitcoin Trader and Bitcoin Code, another fully auto robot. Read our Bitcoin Trader review for an alternative or click here to see the Bitcoin robot for 2019. A legit trading robot should have a proven track record and should guarantee consistent results irrespective of market conditions. Unlike human traders, robots are allegedly designed to make money in both rising and falling markets. Consequently, many users report using robots because they claim that the potential to make money remains the same all the time, even when the markets are crashing. What is Cryptohopper? Before we look at what Cryptohopper is, it is essential to note that you do not need to understand trading jargon to use this robot. All you need is to follow the guidelines provided to set up their web-trader and click live trading to start trading. Cryptohopper is a trading robot that claims to allow traders to capitalize on trading opportunities in the crypto markets. The software enables both automatic and semi-automatic trading. In auto trading, the app carries out investment research and automatically places trades. The Cryptohopper app applies high-frequency strategies to scan the markets for tradable news and place trades. When it comes to semi-automated trading, this software is said to copy strategies of the best crypto traders and recommend them to users. This approach is known as copy trading and is popular in forex and stock trading. With the semi-automated approach, users are responsible for determining which trading strategies to apply in their accounts. InsideBitcoins investigations reveal that Cryptohopper algorithms are highly powerful. We did a live test and confirmed that it is real. Click here to open an account now or keep reading for more information. Cryptohopper trading platform website How does Cryptohopper work? As mentioned earlier, Cryptohopper provides both fully automated and semi-automated crypto trading. Fully automated trading involves the robot carrying out all the investment research and placing trades automatically. Semi-automated trading, on the other hand, consists of the trading bot carrying out research and delivering tradable insights to the user. We can confirm that Cryptohopper provides high-quality trading signals to traders. These signals are sourced from the best of crypto traders and recommended to users to apply in their accounts. This method is known as copy trading and is popular in forex and stock trading. Also worth noting, Cryptohopper trades on margin with most of its brokers providing leverage of up to 1:500. High leverage means that you can place trades bigger than your trading capital. For instance, a leverage of 1:500 means that you can place a trade that is 500 times bigger than your capital. Consequently, Cryptohopper claims that your profits will multiply to that level. The same thing happens to losses meaning that there is a high chance of your trading account going into negative. When trading on margin, never deposit an amount you cannot afford to lose. Who is the founder of Cryptohopper? According to Crunchbase, Cryptohopper was founded in Sep 2017, by Ruud Feltkamp. InsideBitcoins Investigations reveal that Ruud Feltkamp is a real person. He is a well-known quant with a product portfolio worth billions of dollars and he claims that Cryptohopper is one of his most successful products. Further online research reveals that this person is popular in the tech and trading industry. He features in various platforms as a guru crypto trader and an early investor of Bitcoin. Moreover, he did not found Cryptohopper alone. He was helped by his brother, who is also a software engineer and trader. How to register with Cryptohopper – Signup Process The registration process with Cryptohopper is secure and straightforward. We took less than ten minutes to open an account and start trading. Below is a step-by-step guide on how to get started with this robot. It is important to note that this robot is only available in countries where it has a regulated broker. 1: Registration The first step to creating an account with Cryptohopper is to fill the form provided on their homepage. InsideBitcoins determines an excellent signup process by the amount of personal data collected and how the robot safeguards this data. A great signup process should be easy and fully secure. Cryptohopper bot features We find the signup process with Cryptohopper to be easy and fully secure. Users must submit their full names, email address, and agree to the robots terms of use. This step also involves creating a password and opting in or out of their mailing list. Users must verify their email address to continue. The best signup practices take only the necessary user details and provide an option to opt-in or out of the providers’ mailing list. A right provider should never share clients’ details, including contacts with third parties. Also, they should protect users’ data by ensuring that their website is fully secure. Cryptohopper is GDPR compliant and therefore has all measures in place to safeguard its clients. We can also confirm that their partner brokers have proper regulation and are highly professional. The majority are under CySEC, ASIC, and the FCA. 2: Deposit After registration, you need to deposit a minimum trading capital of $250 to start trading. Cryptohopper accepts deposits through Visa, Master Card, Wire Transfer, and over 70 cryptocurrencies. Deposits take a few minutes to reflect on a trader’s account and the deposit process is fully secure. 3: Demo Trading After depositomg, you will be redirected to the trading dashboard where you can choose to start with backtesting or demo trading. The demo trading account requires you to select a trading strategy and set stop loss and take profit functions. Backtesting uses historical data and is therefore not reflective of what you will make in live trading. We suggest that you start with the demo account before going to live trading. 4: Live Trading As mentioned earlier, Cryptohopper offers both full auto and semi-auto trading. Full automation involves the robot doing all investment research and trading. On the other hand, partially automated trading consists of the app gathering tradable insights and recommending them to the user for execution. InsidBitcoins research reveals that Cryptohopper trading technologies are the latest in the industry. For instance, this platform uses AI, Machine Learning, and Natural Language Processing to trade news. It also has the potential to analyze thousands of charts within a microsecond and execute trades. This, according to Cryptohopper, is what makes their app highly profitable. Cryptohopper Trading App Is Cryptohopper legit? The Verdict! Cryptohopper appears to be a legit trading robot. Our investigation finds this robot to be real (it does trade automatically on your behalf), transparent, and user-friendly. Furthermore, we can confirm that all their partner brokers have proper regulation. When it comes to withdrawals, this robot allows traders to withdraw their money whenever they want. Our test shows that all transactions through Cryptohopper take a maximum of 48 hours to be processed. We have also determined that this robot customer service is readily available, knowledgeable, and friendly. User testimonials show that many investors have made daily profits of $100 from a deposit of $250. Click the trade now button in the table below to start trading with this robot. Remember that trading with automated robots, including Cryptohopper, carries risk. Please do not invest more than you can afford to lose. Remember that all investment opportunities carry a certain risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets. Automated Trading on Exchanges An alternative to using a bot is to use the copy trading feature on eToro – this FCA and CySec regulated cryptocurrency exchange allows you to replicate the trading decisions of a winning, profitable trader of your choice, or a combination of several. InsideBitcoins recommends diversifying your portfolio by allocating part of your funds into a long-established, safe and reputable platform such as eToro – never invest 100% of your cryptocurrency into one trading bot or hold it on one website, broker or exchange. Start with a minimum deposit on any platform you use, and make a small withdrawal as a test. Coptrading on eToro is similar to using a bot in that you can grow your investment without having to monitor it, trade yourself or make any decisions – all buy, sell, take profit and stoploss orders are automated. eToro - Automated Copytrading Our Rating Review Traders' Performance, choose from 1 - 100 to Copytrade No Management Fees Free Demo Account Social Media & Forum Community - Trusted by 30 Million Users Start Copytrading Copy trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. FAQs Is Cryptohopper legit? InsideBitcoins investigation reveals that this trading robot is legit. How much can I make with Cryptohopper? The earning potential with Cryptohopper is endless. According to Cryptohopper, your earnings with this robot depend on your invested capital. This robot claims to generate a daily profit of up to 20%. How much should I deposit with Cryptohopper? The minimum deposit with Cryptohopper is $250. We recommend that you start with this amount only and grow your account by plowing back your profits. Can I withdraw my profits from Cryptohopper? Yes! Cryptohopper allows you to withdraw your money whenever you want. Fill a withdrawal request form, and your funds will reflect in your bank account within 48 hours.
