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Cryptohopper Review “Serendipity of the 10x Bitcoin Bot Shop”
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Review

Cryptohopper Review “Serendipity of the 10x Bitcoin Bot Shop”

by Rico ChetteFebruary 13, 2021

Cryptohopper is a bot shop as I like to call them. A place where one can program/design bots. Thus using a multitude of different AI-based execution elements. If you are a crypto trading enthusiast looking for some kick-butt bots to boost your profits, then you are in the right place!

In our Cryptohopper review, we go over all the main features. As we wish users to get a clear idea of what they are getting when joining Cryptohopper.

Cryptohopper is the second most popular Autotrader platform behind 3commas. If you are not familiar with what a crypto trading bot is. Very simply they are a bunch of lines of code giving buy/sell signals.

Some of these bot signals are manual. Thus this is where the users execute trades themselves. Or rather they are executed through an API on an exchange, automatically.

With Cryptohopper they are mostly for autotrading, so most users there will use the signals with APIs to have trades made through the exchanges they use.

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Main features of Cryptohopper

Going through the list of cool features Cryptohopper provides is fairly straightforward. The ones we like are paper trading, market-making & the signal providers marketplace. Add the FREE trial to the mix and you have a winner here! Let’s look at some of the benefits below.

  • Market-Making Bot
  • Exchange/Market Arbitrage Tool
  • Strategy Designer
  • Signal Provider Market Place
  • Social Trading Platform
  • Paper Trading Mode

The above features of Cryptohopper really give it broad apeal to a wider base of users. Hence we think most users looking for a crypto autotrader should at least give them a try.

Market-Making Bot

Cryptohopper Review - Market Making Bot

The Market-Making Bot in some respects will be confusing for most. So Cryptohopper goes a long way to make this enjoyable. Dare I say, relatively a simple task. The real complexities of market-making go far beyond what they offer, but this is a good start.

Be you trading large size as a Binance automatic trader bot, or on a small illiquid exchange like Cex.io. You have the tool here to really help you get your crypto orders filled.

Automatic Market Making Strategies

Using a Cryptohopper strategy for market making or arbitrage, maybe you were Cryptohopper Reddit reading and found the perfect strategy for market making. They give you the ability to adapt and create your own as you grow.

Cryptohopper Market Arbitrage Tool

Crypto Exchange Arbitrage

This is very tricky but in our Cryptohopper review, we will go over this in a bit of detail. Arbitrage is the simultaneous buying and selling of an asset on different exchanges or derivative. This is a very profitable part of trading when done right simply because of the price differences from one exchange to another.

Cryptohopper gives you the tools to start arbitrage trading on your own. They have 3 main types of Arbitrage on Cryptohopper. Click on the links below to learn more about the different types of arbitrage.

  • Spacial Arbitrage
  • Triangular Arbitrage
  • Statistical Arbitrage
Triangular Arbitrage

Cryptohoppers arbitrage tool is very useful, especially for beginners. There are times you can take advantage of prices from one exchange to another.

Cryptohopper Strategy Designer

Cryptohopper Strategy Designer

Another great tool in Cryptohopper is the strategy designer. It is a very good tool. Simple to use, and powerful. You can also share your stategies with other users and even sell them in their marketplace.

Signal Provider Market Place

Cryptohopper Signal Provider Market Place

The Cryptohopper marketplace has 4 categories. Templates, Strategies, Signals & Apps. This allows members to share different ideas with each other. It really completes and aids traders to get the most out of the Cryptohopper platform.

  • Templates
  • Strategies
  • Signals
  • Apps

Due to the unified nature and design of the marketplace, I kind of get a feeling of being limited to a degree. It is really not though, as you get plenty here.

You can share strategies & templates with other users again for free or for a fee. You can also join their crypto social trading & receive signals from other users. Lastly, you can also use the App marketplace for connectivity to tools such as the Telegram bot, Tradingview, and other various widgets/utilities to use in combo with the Cryptohopper platform.

Paper Trading Mode

Cryptohopper Paper Trading Mode

Cryptohopper paper trading mode = safety! Firstly, I can’t stress enough that most users imo should use this before ever risking any money on a platform they don’t know how to use yet. Secondly this is a great feature to test strategies to see if profitable.

Paper Trading

The papertrading mode will allow you use Cryptohopper like you normally would. Hence you only need to make sure your settings for paper trading is turned on.

Thus you can add fake fund deposits to your paper trading account. This allows you to get a feel for what trading will be like with different amounts.

Erase Paper Trading Account

It is very easy to both create and erase paper trading accounts on Cryptohopper. So again you can learn to use the platform safely and profitably.

Cryptohopper Pricing

Cryptohopper Pricing

Cryptohopper and their pricing is great! This is because they give you the ability to graduate from one level to the next. You can start out with the FREE version so you can get a feel for it, then upgrade to a 7 day trial, gaining more features.

From there you can start with the $19.00 monthly explorer package. After that each package gives you more features and abilities. The Adventurer is often for those who fit within an advanced skill but don’t need a larger number of bots.

Still, all of this being said it tops out at $99.00 a month for the Hero package. This will give you the full range of trading capabilities of Cryptohopper. All once again letting you choose based on what you use.

In conclusion…

What is nice about Cryptohopper is how easy they make it to grow and give you the flexable options you need to trade. Does not matter if you want to use a binance automatic trading bot. Maybe you want to use crypto signals along with your crypto portfolio strategies.

In their crypto signals market place, you can make a crypto portfolio of signal providers. Not just regular crypto signals, but rather within Cryptohopper you can use crypto signals telegram channels as well. The combinations and abilities they utilize are pretty amazing.

The tools are all included in Cryptohopper to help you become a professional trader with a clear path for doing so. We hope you enjoyed the review, if you have any question feel free to comment below. Until next time we hope you enjoyed the review!

Positives

° Easy to use
° Market Making Bots
° Arbitrage Bots
° Signal Market Place
° Community Sharing/Driven
° Paper Trading Mode

Negatives

° Not as extensive of features as 3commas
° Limited Portfolio Options

Rating
Our Rating
User Rating
Support
8.9
Price/Performance Ratio
9.5
Education
9.4
Quality of Materials
9.3
Understandability
9.7
Price
9.5
Bottom Line

Cryptohopper might still be second to 3Commas, but they have come a long way and might be neck and neck with them in the future.

9.4
Our Rating
User Rating
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About The Author
Rico Chette
Ricco Chette is nothing like what you could imagine, a fighter for the lost, weak and marginalized. Rico blazes a trail of truth often with a bullet or a glass of wine. You might think you know Rico, but you don’t… Lover of Crypto, Freedom and the Truth. Hear HER ROOOOAAAR!!!

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