Is Cryptohopper A Scam? – Check Out A Leading Autotrader For Cryptocurrency

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Is Cryptohopper a scam, or is it a serious trader bot that deals honorably and helps people invest wisely? You want to invest in cryptocurrency, but you’re hesitant. What if it goes wrong? Can I become rich? People will laugh! I don’t know anyone who will help me. Perhaps it’s all just one big scam!

Ssshhh. It’ll be okay. Everything will be just fine. No one expects you to invest every last dollar or pound. Your euros will be safe. Let’s check out Cryptohopper. Baby steps.

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What Is A Crypto Trading Bot?

Trading bots are software programs that communicate directly with financial exchanges, and place orders to buy and sell on your behalf. The decisions are made by watching the market’s price movements and reacting according to a set of predefined rules.

Trading bots require users to have at least a basic understanding of the market. They need to be modified and tweaked by the user. If the user sets up rules for the bot that aren’t wise, the bot will make poor decisions.

It’s hard for a trader who’s new to understand the market. Bots offer a variety of advantages, including the ability to diligently trade on your behalf, 24/7. 

Before you close the article, remember there are ways to find someone trustworthy to set parameters for you. Let’s keep going.

Testing The Waters

First off, Cryptohopper offers a free 7-day trial. You may be thinking that not much can happen in seven days, and therefore the trial is more of a teaser. Actually, a lot can happen in seven days.

Still scared? Try paper trading. As with fantasy football, you won’t make any real touchdowns, but you get to experiment. Try different amounts and strategies with your imagination, and see what would happen if you were trading for real.

Paper trading is completely free to use and allows you to trade using real-life exchange data with fabricated crypto. This feature is available under all three subscriptions.

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Features

Strategy Designer

This is where you tell the bot what to do and how and when to do it. The visual strategy designer lets you drag and drop technical indicators into a full strategy. You just click on an indicator, set it for buy or for sell, configure it and save your strategy.

The strategy designer has more than 130 indicators and candle patterns to choose from. Popular indicators and candle patterns are RSI, EMA, Parabolic Sar, CCI, Hammer, and Hanged Man.         
Test your strategy directly in the Strategy Designer or load it into the backtesting tool to see if your strategy generates good buy and/or sell signals. This helps make sure you will get signals and not lose any funds.

Remember you could always use paper trading to test your strategy without risking any funds.

When you’re satisfied with the strategy, feed it to your hopper by enabling the strategy in the configuration of your hopper(s).

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Mirror Trading

I am not a trading wizard. I know not how to follow graph trends and foresee rises and drops. I’ve been using the advice of my partner, SonOfABitcoin. If like me, you need the expertise of someone else, then mirror trading is the way to go.

Crypto signals are sent by third party technical analysts who are experts at pinpointing on-the-rise coins. Once they note a promising investment, they share that knowledge with anyone subscribed to them. They used to send these signals to exclusive pay-to-play crypto signal groups. Users would need to manually buy the recommended coin.

Cryptohopper was the first to automate this process so that if a signaler sends out a trade signal, your hopper will pick up on it immediately, then execute a buy or sell order 24/7.

Market Making

Market trends change, so must your trading strategy. Automatically switch between strategies with different market trends. Use indicators to recognize market trends, and configure different trading strategies per market trend.

Cancel orders automatically with different configurations per market trend, and set stop-losses on filled orders. You’ll be able to revert orders automatically.


Automatic Trading

Cryptohopper is an automated crypto trading bot allowing you to trade your favorite coins, automatically, in the cloud, 24/7. It continues trading even if the user’s computer is turned off.

Sometimes people get carried away with their emotions, getting too excited or panicky about a sudden rise, fall, or rumor. Bots make decisions based purely on analysis.

Cryptohopper trades all available coins simultaneously, keeping track of their exact prices and selling as soon as they hit the target profit. A human can’t apply real-time technical analysis to more than one open position, but that is what a bot does.

Additional Perks

  • Get started
  • Tutorials
  • Documentation
  • Blog
  • Help Desk

Looking Ahead

What Cryptohopper says:

By constantly tweaking the bot and keeping an open ear to our growing community we hope that everyone will be the best trader they can be, while still having the time and energy to focus on the important things in life. Cryptohopper has the mission to be the bot for the people, which is why many of the features that we developed come from user requests. 

Our team is united in the ambition to create a product that meets your demands. If you have a question or a suggestion, do not hesitate to get in contact with us.

Want to try the hopper? Sign up for a free trial, have a look around, learn and most importantly, Have fun!

Subscription Plans

Free

Here we have the seven-day free trial I mentioned earlier.

  • 80 positions
  • Maximum 15 coins
  • Maximum 2 triggers
  • Buy with 10-minute intervals
  • Paper trading

Explorer Hopper

Ideal for beginners. It costs $19 per month.

  • 80 positions
  • Maximum 15 coins
  • Maximum 2 triggers
  • Buy with 10-minute intervals
  • Paper trading

Adventure Hopper

For people who want to delve a little deeper. $49 per month.

  • 200 positions
  • Maximum 50 coins
  • Maximum 5 triggers
  • Buy with 5-minute intervals
  • Exchange Arbitrage
  • Paper Trading

Hero Hopper

For the dedicated professional. It runs $99 per month.

  • 500 positions
  • Maximum 75 coins
  • Maximum 10 triggers
  • Technical analysis with 2-minute intervals
  • All coins for signals
  • Market and exchange arbitrage
  • Market making
  • Paper Trading

All Accounts Include:

  • 0 additional trading fees from Cryptohopper
  • Buy settings; lower bids, cooldown, Trailing stop.
  • Settings like stop-loss, TSL, auto-close, and DCA
  • Personal & global trading stats
  • 120+ indicators & candle patterns
  • Syncing/tracking/selling manual buys
  • Strategy backtesting with historical data
  • Active community and staff support
  • Reserve section to manage savings


What are you waiting for? No, seriously, what are waiting for? It’s free to try! Try the paper trading option for seven days. You risk nothing! You have absolutely nothing to lose!!

Leave us all your doubts, tips, and dreams in the comments below!!

2 thoughts on “Is Cryptohopper A Scam? – Check Out A Leading Autotrader For Cryptocurrency”

  1. Cryptohopper is one of the best bots on the market. I’ve tripled my Litecoin since using it. You should have put more details in your article. New invested and experienced alike can do well with this.

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