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Cryptohopper Review

Cryptohopper is a cloud-based automated cryptocurrency trading robot. There are over 75 cryptocurrencies accepted for payment include the likes of Bitcoin, Ethereum, Litecoin and others.

Crypto-Currencies

There are over 75 cryptocurrencies accepted for payment include the likes of Bitcoin, Ethereum, Litecoin and others. 

Trader level

Cryptohopper is just right for novices and professional traders.

Introduction:

In recent times, there has been a quest for advanced technology for trading. Cryptohopper has proven to be one of the best-automated trading bots where you are allowed to use your favorite exchange for earnings.  Buying of cryptocurrencies like Bitcoin, Litecoin, Ethereum and others are automated just with the help of Cryptohopper.

Summary

Cryptohopper is perfect for all users. With a widespread of features: user-friendliness, eight leading exchanges, and support for 75 cryptocurrencies, Cryptohopper can compete favorably with other automated trading bots. New traders can make use of the automated strategies to maximize results while experience users can leverage the opportunity of a 24/7 trading basis to maximize profit. The pricing plans are fair enough for all users. Getting started is with a 7 days free trial. There are bonuses for successful referrals.

General info

The Cryptohopper project was put in play by two brothers: Ruud Feltkamp and PimFeltkamp. One of them was a soap opera actor but became an effective day trader, and the other, an excellent web developer. Their synergy of concepts, ideas, and experiences bought into existence the creation of a robot that trades 24/7 for users.  It is well-suited for a variety of cryptocurrency exchanges with the aid of API (Application Programming Interface). The strategy platform was activated/developed by Cryptohopper BV that operates from Amsterdam, The Netherlands. Its domain, cryptohopper.com, got listed in July 2017.  The official site contains a semi-automated trading bot that allows traders to depend on technical trading algorithms and programmed trading methods. This removes human inclinations and sentiments from the trading process. Since the launching of Cryptohopper, it has made tremendous progress, some of which include the introduction of Market Making and Exchange Arbitrage, partnership with Tide Foundation, for advanced keyless trading, etc.  In June 2018, Cryptohpper entered into a partnership with Yubi.co, to help provide 2FA authentication to improve the security of its users’ accounts. In July 2019, the company launched its mobile app on the App Store and Google Play store. The company has also partnered with Daneel.io to provide Daneel AI and sentiment analysis for its users. Cryptohopper continues to bring in more innovations as time goes by.

Company Registration

Cryptohopper is registered with the Dutch chamber of commerce, with registration number 70270481, and its office is at Johan van Hasseltweg 18A, 1022 WV Amsterdam.

Who can register?

Cryptohopper is open for all users. It has over 75,000 users and a variety of features that are friendly for beginners. Hopper Academy is one of them. It gives every user the access to videos that have explanations to Cryptohopper’s operations and usage.  However, the user is to confirm if their location has any restrictions on its usage.

Support

You can contact the Cryptohopper support team by tendering a support ticket or via email and some other social media handles like Facebook, Telegram, Instagram, and Twitter. A lot of promos, updates as well as useful information are available on these channels. For questions and clarification, the support team will guide you. Also, the FAQ section may help out. Cryptohopper has an advanced dynamic community for all persons globally. There are groups on Telegram and Discord, where newbies can start up a chat with expertise from all over the globe. These groups are available in English, Spanish, French, Portuguese, and Dutch

Verification

It is required that you sign up with an email, username, full name, and password. Also, you will need to go through the terms of service and agree to it.

Security

Cryptohopper secures accounts and vital information using industry-leading security protocols. No personal data is shared without due permission. Cryptohopper makes use of 2FA to add extra security to your account and prevent unauthorized entry and withdrawal of your funds. You can use Google authenticator or Yubikey for your 2FA. However, after enabling 2FA, the user profile will show you a few emergency one-time passwords you can make use of in case you lose your 2FA device. It is advisable to print out and save the passwords safely. The passwords are destroyed immediately after using them.

Subscriptions / Trial

Every beginner is entitled to a 7-day trial (free), and this is known as “Pioneer Plan.” When the free trial days are over, users can buy a subscription plan. Payments can be made monthly or yearly, but refunds are impossible after payments.

There are 3 pricing plans. Here is a list of the plans:

  1. Pioneer Plan: Free Trial for 7 Days Included in this plan are; 80 positions, max 15 selected coins, TA with 10 min interval, max 2 triggers, and 1 Simulated Trading Bot.
  2. Explorer: Starter package ($19 Monthly) The starter package has 80 positions, max 15 selected coins, TA with 10 min interval, max 2 triggers, and 1 Simulated Trading Bot.
  3. Adventure: Trader Plus Package ($49 Monthly) For this package, you have 200 positions, max 50 selected coins, TA with 5 min interval, max 5 triggers, 1 Simulated Trading Bot, and Exchange arbitrage.
  4. Hero: Pro Trader Package ($99 Monthly) The Hero plan comes with 500 positions, max 75 selected coins, TA with 2 min interval, max 10 triggers, all coins for signals, market-Making, market Arbitrage, and 1 Simulated Trading Bot.

Investment tools

A range of trading tools is available on this platform for users. They include trailing stops, bot backtesting tools, configurable and savable templates, and customizable technical indicators. Also, users can work with indicators like Bollinger Bands, MACD, Stoch, and RSI.

How you can deposit the money

  1. Payments can be made with PayPal, Bitcoin, Bitcoin Cash, Litecoin, Ripple, Zcash, Dash, and Monero. This can be done via a private or an exchange wallet. You can start by creating a Binance account. If you have cryptos, here is what to do: 
    1. Click on ‘Wallet’ found in the header menu, and then ‘Spot Wallet.’ 
    2. Check and select the coin you will like to credit by clicking ‘Deposit.’ 
    3. Be sure you fill in the correct details: address and amount.

How you can withdraw the money

Cryptohopper advises that withdrawals via their API keys should be disabled for security reasons. Instead, withdrawal requests should be made through the website of the exchange you are using.  When you make a payment request, the money may take up to a whole day before it’s received. This is because BTC Blockchain is slow in confirming payments. BTC needs 1 confirmation, DASH needs 6 confirmations, and LTC requires 4 confirmations.

Commissions (deposit and withdraw) + time

You can request for the withdrawal of your commissions anytime. However, this depends on what obtains on the platform of the exchange. Transactions for bitcoin and bitcoin-based projects are expected to arrive on Binance by 2 confirmations. If, eventually, your money is not received in your account after confirmation or you experience delay in payment, you could contact Cryptohopper through the Cryptohopper Helpdesk.

Transparency

Cryptohopper platform can boast of all transactions being transparent. No extra fee is charged aside from the monthly subscriptions and any exchange trading fee.

Avg. profit data & ROI, Drawdowns

Profits depend on the market and the Cryptohopper settings you have applied. With the free days of trial, you can do a test-run to be able to determine your Return on Investment (ROI). It is possible to make profits using this bot. It is essential to adjust your settings to its best to achieve results. Though several users have shared personal testimonials on making profits, this is yet to be independently verified by our team.

Drawdown

Every bot has its drawdowns. Make use of your risk management skills, in addition to the bot’s best trading settings, to minimize risks.

Bonuses

You can get bonuses through the referral platform. You can purchase subscriptions with your referral bonuses. Different sign-up and referral bonuses are associated with the available Cryptohopper packages: a minimum of $190 can be earned for every user that signs up for Explorer Hopper, $490 for every referral on Adventure Hopper and $990 for the Hero package.

Referral program

By helping to build the Cryptohopper community via referrals, you can earn in Bitcoin or dollars. You receive 15% of all payments made by your referral user.

 To activate the referral program;
  1. Refer a friend via email, Facebook, Twitter, or personal links with your referral link. 
  2. An affiliate will be credited to your account.
  3. You get a 10% commission on any tariff purchase made by your referral.
Whenever the Referral process fails;
  1. Get your referral ID.
  2. Screenshot proof of the referral ID your friend used.
  3. Get your friend’s payment details.
  4. Upon gathering these details, send a notification to the support team, and your account will be credited once verified.

Integration with other platforms

Cryptohopper incorporates well with eight major exchanges, which are Binance, Bitfinex, Bittrex, Coinbase Pro, Huobi, Kucoin, Kraken, and Poloniex. Support for CEX.IO, BitFlyer, Bitstamp, Cobinhood, and HitBTC are programmed to come soon.

API / script language

To enable Cryptohopper bot to trade on your behalf, you need to link your Cryptohopper account and external exchange Application Programming Interface (API). From the profile icon which is found at the top right corner;
  1. Go to “API Management.” 
  2. Give the API Key you are creating a name and choose “create.”
  3. You will confirm your new API KEYS via email after you must have filled in your 2FA.
There are variations in different exchange platforms, as to what’s obtainable. Exchange API authorizations will be required from you to have the bot work for you.

Platforms

Cryptohopper is available on the Android app, web interface, and iOS. Download the Android version from the and the iOS from the App Store

Other services

Cryptohopper has a collection of videos, documentation, and materials that can help in gaining knowledge on profit maximization and loss reduction.

 

Conclusion

Cryptohopper is a robotic trading strategy that trades on your behalf using trading systems. As with other automated transactions, Cryptohopper is not entirely immune to periodic errors. However, the chances of making huge mistakes are minimal because the bot does not rely on emotions to place orders.

Though relatively new to the crypto ecosystem, Cryptohopper still has enough time to prove its efficiency. We cannot say for sure that Cryptohopper is the last bus stop for automated crypto traders. Sharing your personal experience will enable us to gather enough facts to be able to reach the right decision regarding the bot.

We, however, advise that you do your due diligence before using this bot as our review is our personal opinion, and not intended to be a trading or authority advice on the use of the bot.

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