Cryptohopper review 2024
Investing options: 4.2
Platforms & usability: 3.9
Products, markets, & assets: 3.7
Safety & reliability: 3.4
Deposits & withdrawals: 3.5
Research & analysis tools: 4.6
Fees & costs: 3.9
Education & learning resources: 4.1
Cryptohopper review Summary
Theodor Tonca
Financial Writer
- Financial Markets
- Financial Services
- Market Analysis
- Apps
- Regulation
The Cryptohopper platform aims to make cryptocurrency trading accessible and worthwhile for everyone through the power of AI. It offers automated trading on over 100 cryptocurrencies, along with portfolio management and the ability to copy other users’ trades.
What can I do with Cryptohopper?
Set up your own automated trading strategy for buying and selling cryptocurrencies. Cryptohopper runs a subscription model where you can sign up to gain access to its trading bots, which harness artificial intelligence to create strategies and execute them on your favourite exchange.
Pros & Cons
Pros:
Cons:
Can I open an account with Cryptohopper?
Yes, residents of United States can open an account with Cryptohopper.
No, residents of United States cannot open an account with Cryptohopper. Consider trying our best-rated broker in , . Find the best broker in
Cryptohopper markets, assets, and options
What assets and products can you trade using Cryptohopper
Cryptohopper lets its users buy and sell cryptocurrencies. There are more than 100 available in total, and it offers them through a connection with 15 different global exchanges, including recognisable names like Binance and Huobi.
Product | Offering |
---|---|
Cryptocurrencies | 103 |
Crypto pairs | Not Available |
Bitcoin futures | None |
What leverage trading options are there?
Cryptohopper does not offer any leverage trading itself. As it’s an automated trading bot service and not an exchange itself, the leverage you can obtain will depend solely on the exchange partner you elect to use.
What are the spreads?
Cryptohopper offers a monthly subscription plan service for its automated trading bots and no trading spreads or fees are applicable.
Fees, limits, and payment options on Cryptohopper
How much does Cryptohopper cost?
Cryptohopper offers four account plans, including a free tier and the option to choose between a flexible monthly plan or an annual subscription for a discount on more advanced plans.
Each automated bot lets you trade one single crypto and execute one strategy.
Account type | What’s included | Cost |
---|---|---|
Pioneer | 20 positions Portfolio management Manual trading on all available exchanges | Free |
Explorer | 80 positions Max 15 selected coins Max 2 triggers TA with 10 min interval 1 Simulated Trading Bot | $19 per month (free 7 day trial) |
Adventurer | 200 positions Max 50 selected coins Max 5 triggers TA with 5 min interval 1 Simulated Trading Bot Exchange arbitrage | $49 per month |
Hero | 500 positions Max 75 selected coins Max 10 triggers TA with 2 min interval All coins for signals Market Arbitrage Market Making Algorithm Intelligence | $99 per month |
What are the payment methods accepted by Cryptohopper?
Cryptohopper only accepts cryptocurrency as payment for their subscription plans. The following payment methods are available, and you can either pay directly from your cryptocurrency wallet or through one of the services below.
Does Cryptohopper also charge fees and commissions?
No, there are no costs or hidden fees on top of the monthly subscription plans. The only price you have to pay comes from the plan you sign up for.
Cryptohopper trade sizes and limits
There are no limits on the Cryptohopper platform itself. All minimum trade sizes and maximum limits are set by the individual exchanges, so you will have to check the rules on whichever partner platform you choose to trade through.
Cryptohopper’s platform
How does Cryptohopper work?
Cryptohopper is a piece of software that allows its users to automate trading strategies across a range of different cryptocurrency exchanges and markets. The software uses artificial intelligence to deploy ‘bots’ that go out and make the moves themselves, so that the human at the centre doesn’t have to do any of the leg work.
The exchanges it has partnered with are all established and reputable, and offer access to more than 100 cryptocurrency pairs between them. The leading options include:
What devices can I use Cryptohopper on?
Cryptohopper is a web-based platform and all features can be accessed via your favorite browser. It also has a mobile app, but it is only for trade tracking and basic management of bots. Creation of bots and strategies has to be done from a web browser.
- PC
- Mac
- Android/iOS Mobile App
- Tablet (Android, iOS)
What exchanges and brokers does Cryptohopper partner with?
Cryptohopper supports trading through 15 different exchanges at the moment, with more possibly being on the way. Currently supported exchanges include:
- Huobi
- Binance
- BitFinex
- Coinbase
- EXMO
- OKEx
- BitPanda
- Bittrex
- Poloniex
- KuCoin
- Kraken
- Crypto.com
Can I use Cryptohopper in my country?
Cryptohopper is a cloud-based cryptocurrency trading software that is accessible around the world. The only restrictions come in the form of local laws; you might not be able to access it if cryptocurrency trading is illegal where you live. You should check this before you sign up.
Is Cryptohopper available in my language?
Cryptohopper is currently only available in four languages. Select your language from the list below:
- English
- Dutch
- Spanish
- French
How easy is it to use Cryptohopper?
Cryptohopper is a breeze to get started with. Simply connect to the website, subscribe to an account of your choosing, and begin deploying your bot(s) directly on a supported exchange.
Account creation is made simple with Apple, Facebook, and Google logins, or you can simply enter an email address and username to get set up. The plans are all fixed fee monthly subscriptions and there are no other hidden charges.
Once the account is created and connected to an exchange, select the cryptocurrency you want to trade and set up your trading indicators/strategy to deploy your bot. The platform comes equipped with a decent list of pre-set bot templates or, if customisation is more your thing, you can create your own bot from scratch.
Key features
Cryptohopper’s features are fairly comprehensive and have everything you might expect from an automated bot platform. Here are the most important features that it has to offer.
Automated trading
The Cryptohopper platform lets you create your own automated trading bot that takes care of all the trades you want to make. It’s as simple as selecting your strategy, setting profit and stop/loss targets, and letting the bot get to work.
Bots work 24 hours a day so you can deploy money even while you are sleeping and Cryptohoppers algorithm uses pure analysis to drive all of its trading decisions. It takes raw emotion completely out of the equation.
Mirror trading
Cryptohopper enables all subscribers to buy and sell trading strategies and feed them to their automated bot. This is it’s very own version of social trading, where you can ‘mirror’ more successful traders via your bot, which will automatically pick up a trade signal and execute the buy or sell order of that signal on your behalf.
Exchange & market arbitrage
Cryptohopper’s arbitrage tool allows subscribers to exploit price differences between exchanges. You can let your automated bot search for arbitrage opportunities across all exchanges that you have deposited funds with.
Security and regulation
Is Cryptohopper Legit?
Yes, Cryptohopper offers automated trading bots which can be deployed on up to 15 established cryptocurrency exchanges, as well as an easy way to manage your various exchange accounts from one dashboard.
The platform has been around since 2017 and is rated 4.3 out of 5 stars by Google Play store users.
Is Cryptohopper safe?
Cryptohopper conducts regular audits of their website in addition to working only with established, reputed exchanges. API keys only allow your created bot to trade and the Cryptohopper platform does not have access to any customer funds. Additionally, it uses 2-factor authentication (2FA) and strong password policies.
Am I and my money protected?
Cryptohopper does not hold any customer funds. Subscribers deal directly with exchanges and Cryptohopper simply facilitates this via their trading bots. Exchanges may or may not hold funds and, if you’re concerned, you should check the security measures at the exchange level.
Is Cryptohopper regulated?
No, Cryptohopper is not regulated as it only offers subscription-based automated trading bots and is not an exchange or brokerage.
Do I have to verify my account with Cryptohopper?
No, Cryptohopper does not require account verification or KYC. It only needs to verify your email address. Any verification and KYC requests are done at the exchange level, although in practice that means you will have to provide some ID to set up those accounts.
Extra information
Educational resources
Cryptohopper offers both a ‘Tutorial’ and ‘Academy’ section, which include featured courses and all the information you will need in order to get started using the platform’s various tools. It also offers ready-made bot templates for users to get started.
Customer support
Cryptohopper offers customer support via both a live chat and a ticket submission system on its website. Additionally, there is an in-depth article and knowledge base covering every section of the platform.
Our verdict
Cryptohopper is an ideal piece of automated trading software for beginners, because it’s easy to set up and get started with thanks to a variety of introductory features and templates. It removes a lot of the manual labour that would normally be associated with trading a large number of cryptocurrencies.
Its service comes at a reasonable price, with a basic free version available and subscriptions that start at $19 per month. What Cryptohopper offers is on a part with other, similar bot services on the market and so it makes for one of the best services around for new or inexperienced users.
Where the platform falls down a little is in the range of coins it offers. With only 100 available, there isn’t the volume of altcoins to appeal to more experienced traders. Ffor the less-technically inclined, however, this is a very good automated trading platform.
How to buy and sell cryptocurrency with Cryptohopper
How to open a Cryptohopper account
- Click on the ‘Get Started’ button on the top right hand side of the homepage
- Enter a username, email and password or login via your Apple, Facebook or Google account
- Verify your email address
- Purchase a subscription plan or opt for the introductory free tier
Who owns Cryptohopper?
Cryptohopper was founded by Ruud and Pim Feltkamp in 2017.
How does Cryptohopper make money?
It makes money via monthly subscription plans, which start at $19 per month. It offers three paid plans: Explorer, Adventurer and Hero, on a sliding price scale, as well as a free tier.
Does Cryptohopper work?
Yes, Cryptohopper’s bots can be deployed on third-party exchanges as advertised. As far as trading profitability goes, that will depend on your own automated strategy.
Is Cryptohopper free?
Yes, it can be. There is a free ‘Pioneer’ basic account that can hold up to 20 simultaneous open positions and can be deployed on all supported exchanges.
Is Cryptohopper a scam?
No, Cryptohopper automated bots are a legitimate trading tool which can be deployed on third-party cryptocurrency exchanges.
Is Cryptohopper worth it?
As it comes at a minimal cost of only $19 per month with a 7 day free trial to try out the service, you don’t have much to lose by giving it a shot.rnrnThat said, given the platform’s limited crypto coin options, more advanced traders will probably want to look elsewhere. If you are just starting out, then Cryptohopper is a good place to begin.
How does Cryptohopper compare to other autotrading platforms?
Cryptohopper is easy to use and fairly priced in comparison to other robo trading platforms and it’s especially good for beginners. There are more sophisticated platforms out there that offer more advanced trading options and extra support, but they come at a higher cost as well.
Does Cryptohopper have an app?
Yes, Cryptohopper offers both an iOS and Android compatible app. Note that functionality is more limited on the app than within the web browser, and there are some tasks – such as creating bots – that are only possible on the browser.
Can I make money with Cryptohopper?
Yes, there are countless reviews online from people who have made some profit using Cryptohopper. However, that is more to do with the trading strategy than the platform itself. Cryptohopper is only a facilitator of your chosen strategy, rather than a guaranteed money-making shortcut.
Can I trade forex on Cryptohopper?
No, Cryptohopper is a dedicated cryptocurrency trading bot platform.
How do I delete my Cryptohopper account?
Submit a support ticket asking to delete your account and Cryptohopper’s support team will take care of the rest.
More expert advisors reviews
Sources & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
Risk disclaimer
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >
Theodor Tonca
Financial Writer
- Financial Markets
- Financial Services
- Market Analysis
- Apps
- Regulation