CryptoHopper is a kind of online platform that allows stock traders and other users to trade through the market automatically with the help of trading bots. Crypto trading bots are becoming popular across the whole industry with the expansion of such bots in the crypto space.
These competing crypto trading bots have become pretty functional and intuitive, enabling users to work on different trading strategies and arming the bots with the latest data and insights in the process. Check out our review of CryptoHopper and find out whether it is the right fit for you, especially if you have been planning to start your journey in the crypto space.
This trading bot is perhaps one of the most elite trading bots in the entire crypto trading industry. Moreover, these automated trading bots come with multiple features that can actually maximize your performance in the stock market.
Traders can execute sell/buy orders based on the pre-selected parameters set up on the platform without doing any transactions on their own manually. The registered organization behind this platform is the Netherlands.
|Multiple expert-level tools for both professionals and beginners.||The technical understanding of the bot might be demotivating for people who are not well-versed with computers.|
|Helps to determine trading strategies based on risk appetite, trading experience, and preferences.||The platform’s customer support team is not the best in the business, for sure.|
|No commissions are charged on trades apart from the monthly and fixed membership fees.||Some of the more technical and better features are obviously not available for free users.|
|A CryptoHopper app is available that adds to the convenience of remotely using the platform.|
So, How Does The CryptoHopper Trading Bot Works?
So, how does the CryptoHopper bot works?
The trading bot of the platform is an automated tool for trading. It requires the users to set their trading parameters and then execute the same accordingly. Now, it’s a semi-automated trading bot – users can choose the assets as well as their values for the trades using multiple other advanced analysis tools that function in conjunction with the automated trading bots.
Automated trading online can be done via a social trade functionality as well. In such cases, the trades are typically public, and the beginners can even obtain insight from the entire community to implement more profitable and nuanced trades.
Additionally, users can also work on devising trading strategies depending on their performance as well as cryptocurrency market trends, aiming for a much better relative strength index.
The Primary Features Of CryptoHopper:
There is no point in writing a CryptoHopper review if we don’t talk about the primary features of this automated trading platform.
The platform provides multiple features that come with an edge over most competitors. These advanced features are not just reserved for professional traders but for everyone on the platform – from professionals to new traders trying to up their whole trading game.
Some of the most important features of the platform are listed below!
1. Automatic Trading:
If you are already trying to find out how to use CryptoHopper, then stop! Let’s look at the most vital features of the platform first!
Primarily, the CryptoHopper trading bots allow users to make trades without actually doing any transaction each time. The users can easily set up the bot with the preferred parameters they want on their trading platform – and then the trade is done automatically.
This also eliminates the sheer urgency of having to actually trade at the right time for the trading bots to use the technical parameters efficiently to do the job without taking any extra input from the user.
2. Paper Trading:
Paper trading is also called stimulated trading. It is a feature that enables several users to conduct intensive technical analyses of their own decisions and strategies without risking any of their financials.
The exchanges done via the paper trading account do not really take place in actual crypto exchanges, thereby showing the losses or winnings as per the trades that were made without investing any real money.
This type of trading access can be highly beneficial for new users who are not sure if they should implement trades they are in the process of considering, thereby creating an accurate investing strategy.
3. Social Trading:
Again, if you are already working on finding out more about CryptoHopper price, then stop – let’s check out the features before you can head over to prices and make a decision. Of course, there are other tools like eToro and Coinrule if you are thinking about other alternatives.
Also referred to as Mirror Trading, Social Trading is one feature of CrytoHopper that has been gaining popularity with different trading bots, including the whole CryptoHopper marketplace. Through social trading, users can actually see the trades that other users are making, learning from their automated strategies.
This could be used as investment advice for trading profits that are so much better. It is vital to remember that trusting the whole community can be quite a challenge, and with their own research, CopyTrading investors must use this functionality of the platform efficiently.
4. Candlestick Patterns:
Candlestick Patterns are perhaps the most generalized patterns for stocks, which fluctuate often in terms of pricing, even if the average is not far from either the lower or higher end of the value. These patterns do not only point towards a potential change in the market, but they can also identify the actual trading processes needed for performing the trades.
Users can easily visit the help documentation on the platform’s official website to find out about all the data patterns that are supported as well as recognized by the bots.
5. Dollar Cost Averaging (DCA):
Just like the name suggests, the DCA feature is perhaps one of the only features that makes safety a priority towards trading signals in the entire CryptoHopper marketplace. The dollar cost-averaging functionality actually aims to invest a minimal sum of money over a stipulated period of time to prevent any kind of sudden losses or even make up for previous losses.
The gradual investments over a time frame generally average out the costs of sale or purchase at an undesired value.
The other important features of CryptoHopper are as follows,
- Trailing Orders,
- AI Trading,
- Strategy Designer,
- Pro Tools,
- Trading Terminal,
- Market-Making Bot, and
- Mobile Application.
Wrapping Up: Is Cryptohopper Legit?
As the crypto market continues to welcome numerous users, avenues to make profits, and crypto possibilities, the alternatives to grow exponentially also increase. Generally, CryptoHopper’s platform gets high marks for being so user-friendly. Plus, the simple design and all-inclusive trading terminal enable new traders to begin their investing journey without much stress.
The CryptoHopper vs 3commas will continue to persist in the crypto world, but there is no denying that CryptoHopper is a very good trading platform, offering some of the best features to its users. If you are planning to multiply your assets or just manage your portfolios, then you will stand to gain plenty from its platform and what it is offering to its users.
Moreover, it is a fairly easy recommendation for both expert traders and amateurs that provides a whole new world of opportunities for trading crypto assets efficiently yet effortlessly.