“Cryptohopper, manage all of your trading accounts, use the market industry and arbitration / market arbitration and simulate or test your trading.
This is the statement that welcomes you when you visit the official CryptoHopper website.
Through “fast automated trading” and portfolio management of more than 100 cryptocurrencies, it is clear to see why this platform is so popular. It is very profitable and has a daily return of 20%. Its fully automated design makes it a suitable tool for beginners in cryptography. Once you deposit $ 250, you can start earning big money online with the app.
But what is CryptoHopper and how does it work? This article will dive into it.
Contents
How did that happen
CryptoHopper is the brainchild of two brothers: Rudd and Pim Veltkamp. The former is a wonderful web developer. The latter was formerly a representative of the soap opera who recently focused his focus on becoming a successful dealer today. After hearing the limitless opportunities cryptocurrency brings, the two decide to jump on a cart.
At some point, they didn’t have any money to invest properly. From this, they had an idea: “What if there was a way to allow bot trading for you?” For this matter, what if he works around the clock, seven days a week, trades in as many coins as you want, and monitors the market?
Over time, this concept will become reality. From creating a prototype on Raspberry with a 3D case came CryptoHopper creation.
The birth of innovation was the result of the brothers incorporating their ideas, skills and experiences. Together, they were able to create a robot that trades automatically for the user and operates 24/7. Moreover, it effectively trades a variety of coins. Bitcoin, Ethereum, Litecoin and many more. At the same time, it is compatible with a number of cryptocurrency exchanges via the API.
Within weeks, people were asking if they could use a robot. What came to the world as a personal tool suddenly got a high demand. Society was growing, so the Feltecamp brothers came to the conclusion that they could help a lot of people. On the other hand, these people provided input on what needs improvement. The collaborative effort led to the popular platform we know today.
So, what is it?
CryptoHopper is a trading robot that allows traders to capitalize on trading opportunities within the crypto markets. The basic software of this bot enables both automated and semi-automated trading. In the case of automated trading, the application conducts investment research and trades automatically. The CryptoHopper app uses high-frequency strategies to scan markets for traditional news. In addition, it allows the application to place trades.
When it comes to semi-automated trading, this software copies the strategies of the best crypto traders. Later, they give them to users as recommendations. Many people refer to this approach as ‘copy trading’ and it is quite popular in foreign exchange and stock trading. Also known as ‘Trading Mirror Trading’, this strategy allows investors to copy trades of more successful foreign exchange investors. They can apply similar trades – almost in real time – to their own accounts.
With this particular approach, users have a specific responsibility. They determine which trading strategies they should implement in their accounts.
As with most pre-programmed software, configuration requires some human involvement. However, it is fully capable of doing business on your behalf. The CryptoHopper platform also works on a subscription basis. In addition, it allows traders to spend significantly less time at the trading terminal.
CryptoHopper is not the only one of its kind. In fact, there are several cryptocurrency trading bots currently available, including 3 yuan. Finally its goal is to isolate CryptoHopper. The objective is to provide a service to the merchants which is easily available and which has a variety of facilities. It allows users to easily trade multiple cryptocurrencies while removing any and all human weaknesses from their trading process.
How it works
As mentioned earlier, CryptoHopper offers both automated and semi-automated crypto trading to its users. The platform provides high quality trading signals to all participating traders. The source of these signals is from the best of crypto traders. In addition, they come in the form of recommendations for users, considering what they need to implement in their accounts.
It is important to remember when trading margins come on. CryptoHopper trades at a margin with a majority of its brokers leveraging up to 1: 500. Such high profits mean that you are able to hold trades that exceed your trading capital. For example take advantage of 1: 500. This way leverage means that you can trade 500 times bigger than what your capital is. As a result, CryptoHopper will claim that your profit will eventually increase to that level.
In case of loss, the same thing happens. This essentially means that your trading account is much more likely to dip into a negative. When you engage in trading on margin, you should never make a deposit that you cannot lose.
Features
CryptoHopper offers a wide range of features to its users making it popular as a platform. A website, you will find a drop-down list that displays:
- Automated trading
- Exchange arbitration
- Market making bot
- Mirror Trading
- Trailing stops
- Paper trading
- Strategy designer
- backtesting
- Exchanges
Beyond this list, the five most salient features that the platform provides are the following.
1 – Functionality
CryptoHopper primarily functions as a web-based solution. Its user interface is intuitive, as well as incredibly simple to use. What’s more, it offers a wide range of different functions. Users have the ability to build bots to trade automatically and can do so 24/7. It uses algorithms and social trading alike. Trading strategies on the platform are largely derived from various technical indicators. Alternatively, by properly following the functions of third party business related experts.
2 – Effective Technology
The semi-automated way of trading is through API integration. It also includes a wide variety of cryptocurrency exchanges that users can choose from. One can easily use the service on any device connecting to the Internet. Such devices include the choice of desktop, laptop, tablet, or mobile phone. As long as the device has an internet connection, you can use CryptoHopper.
4 – Integration of various exchanges
At this time, CryptoHopper is compatible with nine different exchanges. Below are nine exchanges regarding the crypto helper:
- Binance
- Bitfinex
- Bittrex
- Coinbase Pro
- Cryptopia
- Huobi
- Kraken
- Kucoin
- Poloniex
This is an impressive range, however, and some people may find it a bit restrictive in terms of options. However, support for other exchanges is coming soon. Other exchanges we expect to see on this platform are CEX.IO, BitFlyer, Bitstamp, Cobinhood, and HitBTC.
5 – Customer Support
The backbone of any successful platform is customer support, and CryptoHopper provides users with that. The platform encompasses a support team that is readily available to deal with any issues you may face. Users are able to contact the team by submitting only one support ticket in the support section. There is an alternative method in which you can contact them through your social media accounts. They are available on Twitter, Telegram and Facebook.
On top of all this, the website includes several FAQs in the help section. It also has a large number of tutorials that can help users navigate the platform. As if all this was not enough, the team went the extra mile in creating a cryptocurrency academy video library. There is no shortage of educational material and there are lots of ways to access customer support.
Account sign-up
If you find anything interesting about what you said, chances are good that you are planning to create an account. The process of creating one on this platform is actually quite easy. If you go to the main page of the website, you will get a big “Try it Now” button. Click on it to begin.
Step # 1 – Create an Account
To create an account, first you need to enter your name and email address. In addition, you will need to create a username and password. To confirm your email account, you must click on the activation link in the email that you will receive immediately. By doing this you will gain access to the dashboard.
Step # 2 – Setting Up Your Account
At this point, you can only follow the wizard. This will provide support to configure your hopper quickly. All you have to do is choose an exchange and build a bot with the API keys of your chosen exchange. In addition, you need to install a basic hopper configuration. It is a straightforward process and there are links to tutorials on each step.
Now, you can start using your hopper. After using the wizard and setting up your account, you can access many features from the dashboard. You can subscribe to various signs, build templates, and backrest your bot. Additionally, you can set up two-factor authentication on your account.
Step # 3 – Sign up for “Signals” on the market
CryptoHopper allows users to sign up for integrated professional external signals. The providers of signal service are expert traders who are looking for positive signs of upward movement. There are available subscriptions that are both free and paid. What’s more, you can build bots to follow the signalers with nothing more than a few clicks.
Signalers’ performance reports are easily accessible and you can track profitability with little effort. In addition, they use both cloud computing and machine learning algorithms a lot. In this way, they can continuously monitor many technical indicators that exist in a wide and varied range of digital currencies.
It is possible to buy signals and technical analysis indicators together. Apart from this, you can also set a stop limit and trailing stop.
Market
With your CryptoHopper dashboard, you will gain entry into the official market. It is a feature that most trading platforms are included in their system of operations. The marketplace lets you get trading strategies for your bots; Some are free, others require payment. This is very ideal for novices because it basically allows you to “plug and play” your strategy which make expert traders. In addition, it allows you to test it in your account.
If you have enough experience to create a trading bot, it can also be a source of income. You can create and sell your own templates on the market and make a profit.
Is it safe
As it is the case with all trading bots, users do not need to transfer money to an account that bot developers control. This is because bots typically operate via an API that allows them to conduct trades on linked exchanges. It is mandatory to provide your API keys that generate your preferred exchanges. This key will give the bot access to a certain amount in your account for trading purposes.
What’s more, the bots don’t get the rights to withdraw. If there is a hack or data breach, malicious actors will not be able to access your funds. The team behind CryptoHopper will also build successful working relationships with many of the industry’s leading exchanges. And, as you may recall, users can set up two-factor authentication to add an extra layer of security to their accounts.
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