As a crypto trading automated bot, Cryptohopper promises to provide an easy, efficient and innovative solution for traders. The platform offers a diverse range of features including crypto portfolio management, backtesting, market arbitrage, and more. Two siblings have used their combined knowledge in day trading and web development to create this platform in 2017.
The official site provides a location address and contact email for support and sales. Cryptohopper BV is based in Amsterdam, The Netherlands. The COC and VAT numbers are displayed on the site.
At the outset, the website looks well-made with easy-to-navigate features including info about the developers and support. Trading automation is the main solution this platform offers. It invites traders to invest in cryptocurrencies and trade successfully using its expert suite that has trailing features for effective trades. The key features offered by the trading platform include:
- Automatic trading
- Exchange arbitrage
- Algorithmic intelligence
- Trailing stops
- Mirror trading
- Exchanges and more
The automated trading feature uses more than 130 indicators and candlestick formations which users can apply to their trading.
Crypto signals generated by expert analysis help traders identify potential trades while the advanced trading approaches help in successful trading. When used with the templates, the strategies help in ensuring successful trades.
A semi-automated form of trading is also part of the features offered here. Copy trading involves users choosing from the successful approaches suggested by the expert crypto traders of this platform.
The Idea Behind Cryptohopper
The creation of a bot to trade cryptocurrencies effectively was the main objective of the developers of this platform. Strategies that can be adapted to the trader requirements and the facility to backtest them were developed as a result.
The features that this platform is endowed with helps traders in performing accurate trade entries. Signal subscription and trading using technical indicators are possible with the platform. The performance reports help in checking the accuracy of the signals.
Two brothers are behind the creation of this platform. While one is a day trader, the other is a web developer. The brothers have developed the hopper with many strategies that are completely customizable with a backtesting option. Constant optimization of the bot is being made by the team after heeding requests from users.
Safety of Cryptohopper and the Network
According to the info provided on the site, the platform cannot withdraw the funds of clients. Some of the safety features used by the company include AWS hosting and 2FA. It claims to use security protocols for account protection and ensure privacy of user data.
While registration is free, the company offers three subscription packages to make use of its simulated trading and other advanced features. Named Pioneer, Explorer, Adventurer, and Hero, the packages range from $19 up to $99 per month. With the Explorer/starter package that costs $19 per month, a free trial of 7 days is offered.
The features included with the paid packages are 80/200/500 positions, 15/50/75 selected coins, and a maximum of 2/5/10 triggers. With the Adventurer and Hero packages market-making, arbitrage, and algorithm intelligence are provided. But no refund is offered for the packages.
We found 134 user reviews for this platform on the Trustpilot site with a rating of 4/5. Of the total number 63% are positive while 24% indicate the service is bad. Here are a few of the responses from users:
From the positive feedback, we know that the bot is working very well and that the customer service is good. But the negative testimonials indicate that the trading bot is really bad with technical bugs and that the support is bad.
Is Cryptohopper a Legit Investment Service?
From our evaluation of the features, pricing, reviews, and other aspects of this platform we do not find it a legitimate service.
Our VerdictOur Verdict
- A diverse range of features
- Customizable strategies
- Does not provide verified results for its performance
- Poor customer support
- No refund policy