So, you’re really eager to get started into trading cryptocurrency…
But you don’t have too much experience in that arena. You know you have a lot to learn…
But instead of waiting you want to get started right now…
If you are wanting to get started right now, then considering a cryptocurrency trading bot might be of some interest to you.
These types of bots autonomously and actually buy and sell currencies for you based on your own pre-programmed conditions, it saves a lot of time sitting at the computer!
While you will find that their are many different types of trading bots in the market today, you’ll quickly come to find out that cryptohopper is one of the more trust worthy ones.
But before you make any decisions, let’s just go ahead and give a quick overview of cryptohopper and what it is.
We’ll talk about whether cryptocurrency is the right online business for you.
At the end, I’ll answer some of the most frequently asked questions regarding Cryptohopper and Cryptocurrency in general.
And most important, I’ll show you the exact system I used to build my own internet marketing business to over $40,000 a month in mostly passive income.
This system made me swear off cryptocurrency for good, because it uses some of the same skills in a much more powerful and profitable way!
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Table of Contents
What Is Cryptohopper? An Overview
Cryptohopper is an online trading platform that allows you to use an automated trading bot. Trades are made on your behalf by a bot that has been given certain conditions and instructions to act on and implement.
The company first launched in 2017 and since then has claimed to have been the middle man for more than 140,000 people!
We’ll dive into this deeper later, but it is important to note that cryptohopper is really only semi-automated.
This is an important clarification to make because that means the trading bot is only as good as you can program it. It’s not going to just churn out money unless you know what you’re doing.
For example, if you program the bot to buy bitcoin every time it drops 10% in price, that’s exactly what it will do…nothing more, nothing less.
Ultimately there is no guarantee that you will make money, you could just as easily lose money.That being said, cryptohopper is currently compatible with 8 different crypto currency exchanges.
They are: Binance, Bittrex, KuCoin, Coinbase Pro, and Bitfinex.
With levels of liquidity like these…it’s easy for your bot to achieve your goals 24 / 7.
Perhaps one of the best parts about cryptohopper is how flexible it makes the life of a trading expert. For those who have spent years in the online trading space and are looking to free up their time…
Cryptohopper provides a way that you can program a bot with your exact moves and requirements in mind!
So the big picture here is that you can program a bot with your secret sauce trading process to work for you ’round the clock while you are out there enjoying life as you should be!
But don’t get too down if you don’t have any trading experience…
The cryptohopper marketplace offers strategies you can purchase in the store and apply to your cryptohopper trading bot!
Lastly, crypto hopper is a service that you pay for at the end of the day. They have 3 different plans listed anywhere from $19 to $99 a month based on your needs and goals.
Who Created Cryptohopper? Ruud Feltkamp And His Web Developer Brother
Ruud Feltkamp is a dutch entrepreneur and celebrity, who alongside his brother, Pim Feltkamp, a brilliant web developer, created cryptohopper with the average person in mind.
They wanted experience levels to mean absolutely nothing and bring cryptocurrency trading to anyone with interest.
Ruud Feltkamp and Pim have succeeded with that endeavor bringing cryptocurrency trading to people with all experience levels.
So now that you know a little more about cryptohopper, let’s dive in a bit deeper about how the automated bot process works.
How Does Automated Trading With Cryptohopper Work?
Before we get started you have to understand how a semi automated trading bot works!
There is a huge misconception in the trading markets that you can just release your new trading bot into the market and it will just make a profit for you from the get go…
That couldn’t be further from the truth.
Trading bots only work how their programmed. That’s why it is important to have a proven trading strategy in place prior to setting that bot loose.
For example, let’s say that you have found a great strategy with small amounts of bitcoin trading during the day as it swings up and down.
Instead of sitting at your computer all day staring at a screen…you could implement your exact strategies in the bot who will run relentlessly for you.
In fact, this is exactly why cryptohopper was designed. It is a trading process designed for you to leverage your time. Thanks to this platform, you know longer have to watch the market and its signals all day.
Another perk that comes along inherently with cryptohopper is that it can execute trades with no emotional involvement which is what a lot of traders can and have suffered from.
Market volatility has led to long-term losses for people because they start trying to see signals where there are none, the bot will run your programmed instructions with no emotional attachment which can save you big time!
Automated Bot Features
If cryptohopper and their automated trading bot sounds like something you’re still interested in…we’ve gone ahead and listed some of the main features of the bot for you to save time:
- Bull Market: If your bot is operating in a potential bull market, you can use the trailing stop loss feature. This trailing stop loss feature allows you to protect your upward gain with an adjustable stop loss, which means you can exit the market when the market correction does indeed take place. The bot also searches for pricing targets and you can automatically place trading profits into a reserve fund.
- Bear Market: If the market looks like its taking a turn for the worse, you can instruct your bot to fully exit at a downward trend. And, as long as you’re using an eligible exchange, you can tell your bot to engage in short selling.
- If you believe it’s only in the bear market for a short time, you can program the cryptocurrency trading bots to facilitate dollar cost averaging.
- Consolidation Periods: This is perhaps the market in which people should want crypto trading bots the most. When the market goes sideways, you can program your bot to enter short term trades as a currency like bitcoin fluctuates. And we all know how much bitcoin loves to fluctuate. This is a great opportunity to score micro profits
Programming Your Cryptohopper Bot
Remember, your cryptohopper trading bot is only as good as you are at programming it. It will only follow the pre-defined conditions that you set in place.
If it makes money, great, if not, well you’re SOL.
In terms of its design process however think of the “if/then” function found within an Excel spreadsheet.
The “IF” is your market trigger, and the “THEN” is what your cryptocurrency trading bot should do when the trigger is activated.
Let’s use an example…let’s say that part of your strategy involves bitcoin hitting $20,000…this is your trigger, you set the crypto trading bot to trigger at $20,200 so it is a true convincing break. The “IF”.
Now you would need to focus on the “THEN”. For example you could tell it to engage in a trailing stop loss every time bitcoin increases by $1000.
You can also program your bot to adjust your trailing stop loss and exit when necessary as well. This is why using cryptohopper as your cryptocurrency trading bot platform is so convenient…
It can do all these measures for you!
Drag And Drop
When it comes to using cryptohopper to build your bot, they have made extremely easy by implementing a drag and drop feature to build your bot.
Yep, you hear it right!
You don’t need any background in coding to make your bought exactly the way you want it. You can tell it to buy or sell and list its different triggers with just a few clicks.
We give it a 9/10 for ease of use!
If you’re an experienced cryptocurrency trader, then you know why understanding the technical analysis is so important.
Thankfully cryptohopper allows you to integrate more than 130 different technial analysis indicators into your trading bots. This includes the likes of EMA, RSi, hanged man, and parabolic sar.
What good is any technical analysis if you can’t test it in different scenarios? The Cryptohopper platform actually has a built in testing hub that allows you to test your newly designed bot.
This means that according to your technical analysis, you can test, test, and test again to make sure your automated trading bot is working as intended.
The best part about this technical analysis beta testing is that you don’t have to risk any of your own funds!
In this beta testing hub, you create and test all sorts of automated trading bots.
How Beginner Friendly Is Cryptohopper?
A beginner in cryptocurrencies using cryptohopper will be able to navigate the platform relatively easily. As we have mentioned before the platform is drag and drop and is ultimately much easier than paper trading once you get the hang of it.
As a new cryptocurrency investor, it can be difficult when you see all these different companies advertise their automated trading bots that promise huge returns.
In fact, they pretty much tell you success is up to you and your skills. However, you shouldn’t run from it just because they don’t make any promises.
That’s actually a reason why you should trust them. There are many different automatic trading bot companies out there that will try to scam an aspiring day trader off of often temporary market conditions.
Cryptohopper is not one of those companies.
All different platforms have their pros/cons, and cryptohopper has a pros/cons list with pros much exceeding that of their competitors.
If you are a beginner day trader, you will find that this is a great platform to use on your way as you become a more experienced trader.
This cryptohopper platform feature is awesome! And it really helps you out as a beginner. You can buy other automated trading strategies from other users!
Why worry about being your own strategy designer as a beginner when you can receive pre-built trading strategies from some of the top strategy traders in the game?
Some are free and some come with a nice little price tag, but you do have bots available to purchase in the marketplace and all of them come with unique advantages and disadvantages.
Most importantly, you are able to see complete transparent info about the bot, its trading strategies, and it’s track record before making a commitment.
If that wasn’t enough, you can also see real users post their reviews about the bot and even more information.
Now even though the bot might have a solid track record…it’s still no guarantee that you’ll make money. Always exercise caution when you use someone else’s strategy.
What we also like about the marketplace is that you can use what the initial strategy designer made, as a template that you can start with and to for your own requirements.
How Does Cryptobot Trade?
If you’ve read our cryptohoppy review up to this point then your are well aware of what the platform offers. How the bot trades depends on what you want.
Are you interested in mirror trading or any kind of mirror trading? What about a strategy based around a bear market or bull market.
What kind of technical indicators are you do you want programmed into your bot. Do you want it to buy And sell or buy OR sell?
Cryptohopper offers a bot for every personality type you can come up. Agressive, passive, you name it, they’ve got one.
Regardless of whatever strategy you choose, you need to understand how the bot actually implement those types of trades.
To start, it should be noted that you don’t have to upload funds to the cryptohopper platform. Cryptohopper offers the ability to use different exchanges like coinbase pro.
For example, if you want your bot to execute trades, then you need to upload funds to your coinbase pro account.
This also brings up another good strategy called exchange arbitrage.
If you have accounts on multiple different exchanges then you can actually program the bot to look for exchange arbitrage opportunities between the two.
But how does the cryptohopper bot have the authority to trade on my behalf?
You need to link your external exchange API with your cryptohopper account. This process will vary exchange to exchange..but in most cases you’ll your API details in your account settings portal.
Lastly, just head over to your cryptohopper account, enter the exchange account API credentials, and your bot is all set to make trades for you!
Do Crypto Bots Actually Work?
It is not our place to give investment advice but, crypto bots do actually work…however, you typically have to be a high level strategy designer or have some solid trading experience to see good profit.
You can’t just program your bot to go buy and sell at random, the signals you pick to execute trades need to be backed with strategy.
If you just make random trades and buy or sell randomly…you will not see any good profit.
You need to have a solid process in place, and it wouldn’t hurt to have some portfolio management skills.
Here are some pros and cons about crypto bots:
- save a lot of time
- perfect those with a successful strategy process in place
- access to trading account and cryptocurrency exchanges all the time
- cryptocurrencies are volatile
- strategies and trading changes every day
- signals today might not be signals tomorrow
How Compatible Is Cryptohopper With Other Coins?
As of writing this, cryptohopper is known to be compatible with 75 different cryptocurrencies. This includes major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, and a number of smaller cryptocurrencies.
Cryptohopper also works with several different exchange account companies. In fact, we have found 8 exchange account companies they work with.
- Coinbase Pro
Having more than one exchange account can be beneficial since cryptocurrency exchanges can often allow for some arbitrage trades you can profit from.
How Much Does Cryptohopper Cost?
The Cryptohopper platform comes with three main account levels and pricing plans. This includes the Explorer Hopper at $19 per month, Adventure Hopper at $49 per month, and the top of the line – Hero Hopper, at $99 per month. The account level that is right for you depends on your trading needs.
The first level Explorer account allows you to have up to 80 trading positions open at a time, which will honestly be enough for the average person.
Because this is the cheapest plan, you can only trade 15 selected coins, with a two trigger max. This level of cryptohopper trades at 10 minute intervals.
If you believe that any of those numbers may slow you down with trading strategies…then the Adventure Hopper plan might just be what the trading account doctor ordered at just $49 a month.
You can have 200 trades open at a time, and trade 50 selected coins if 15 selected coins wasn’t enough.
Furthermore…you can have 5 different signals and execute trading strategies every 5 minutes!
If you think you those first two options won’t match your needs with your cryptohopper bot, then the $99 per month Hero Hoper plan is as good as it gets!
You will be allowed 500 open trades and 75 coins! Well up and above the 15 selected coins and 50 selected coins in the other two plans.
With the hero hopper plan you can get 10 triggers and act on your technical indicators every two minutes.
As a bonus, the hero hopper plan allows you to do extract trading signals for all coins…this especially helps with arbitrage type strategies.
To pay for your monthly subscription paypal is the most common, but you can pay for it with cryptocurrency now as well.
Finally, Cryptohopper offers a 7 day free trial. The trial mirrors the first level explorer hopper package, basically giving you a nice feel for the platform without spending money.
A great strategy if you ask us.
What we liked most about this free trial was that they require any payment details, so this free trial really is a free trial!
Cryptohopper Customer Reviews And Customer Service
There is an email that you can send help requests to , email@example.com, and an online help form you can fill out. However, we were disappointed to find out that there is no live help or phone line to call.
Cryptohopper does seem to be welcomed positively among the public, however there trust pilot score of 6.1/10 is a bit concerning. To be fair though…that’s only speaking from 4 reviews…clearly not enough to make a full judgement just yet.
At the end of the day, there are no issues with the software itself, at least any that can be found or reported. The cryptohopper bot acts exactly as it’s supposed to with cryptocurrency exchanges.
There are no complaints about the pricing plans either.
Cryptohopper Review Conclusion: Is It A Scam?
No, cryptohopper is not a scam. Although cryptocurrencies can come off as super scammy, Ruud and Pim have done a great job at creating a software that acts within all legal bounds while also being helpful.
Trading cryptocurrencies all day long can be a real mind numbing task. With cryptohopper coming in and solving this dilema it’s actually quite beneficial to traders at large.
Our review team has found no technical indicators showing anything that would make anyone think cryptohopper is a scam besides the industry it’s in.
One of the main reasons cryptohopper can be viewed as NOT A SCAM is because they don’t tell you when to buy or sell and they don’t offer any investment trading strategies for a price which is key.
They also don’t sell signals which is another good sign.
In a world of cryptocurrency marketplace scams with fraudulent pump and dump signals…it is reassuring to know that there are still some good companies out there who respect there users.
It is entirely possible to build a profitable, successful online business however.
Is Automated Trading Legal?
Yes it is legal. It is no different than if you were in front of the computer yourself all day, but with the advantage of creating a program that implements your trading strategy for you.
Is Cryptohopper Safe?
Cryptohopper is safe, because of its crypto nature you can rest assured that it will be more than difficult for a third party to every hack your account.
In fact, in general crypto secured methods are amongst the toughest to break in cyber security because of needing access to public and private keys. A third party wouldn’t just be able to hack by brute force.
You also always remain in full control of your cryptohopper. There is no third party that can influence it in one way or another against what you have programmed it.
Can You Make Money With Cryptohopper?
You can make money with it, especially with a trailing stop loss, or even with strategies you can buy from the marketplace. Many different people have made money with it so far, and considering the platform is 3 years old, it still has much more money to help people make.
You can certainly make money with cryptocurrency, but if you’re gonna put in the amount of grueling work to become a cryptocurrency trader (which, trust me, isn’t easy), you might as well bring in some REAL money.
The program that helped skyrocket my online business to $40,000+ per month teaches some of the same investing skills, but shows you how to monetize them in a much, MUCH more profitable way.
Cryptohopper Review: Would We Buy It?
Although cryptohopper is a great product for those interested in trading cryptocurrency, if making money through a form of passive income is what your after, then it isn’t our first choice.
If you want to make money specifically with cryptocurrency: BUY IT
If you want to make consistent passive income without worrying about volatility: DON’T BUY IT
There is a better way to make passive income…
What We Think Is Better Than Cryptohopper...
What if you could generate passive income as consistent as real estate?
We know that’s the goal of most people who are looking for passive cryptocurrency income’s in general.
The tough part is that cryptocurrency trading is just highly unpredictable and inconsistent.
That’s why we really don’t recommend the cryptocurrency market making money for anyone who wants it long term.
It just won’t.
Luckily there is an option you can get in with way less risk than cryptocurrency and way less money required than real estate.
So what is it…?
Digital Real Estate
Digital real estate is the process of setting up websites for local businesses that generate consistent leads every month in the service industry.
Local Lead Generation
Local lead generation is also referred to as digital real estate because of how much money these websites are worth when they’re ranked.
Think about it, a website at the top of google for any given industry gets the lions share of the calls.
All you have to do is be that guy and it’s pretty easy. We’ll talk how to get there in a minute.
Right now let’s talk math…how much money can be made from this?
Let’s pick the roofing industry for example. The average lead for the roofing industry is worth $500-$1000 or 10% of whatever the total job is.
This means that if you were to generate just 3 calls a month from that site, it’s already highly profitable for you.
Now imagine if you had 10 of these sites!
That’s $15,000-$30,000 a month!
The risk is also very minimal, a domain name costs $12 for the year and hosting is about $8 a month.
You know that sounds cool and all…but how would I even know where to start?
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