Cryptohopper is an online platform with numerous features and the ability to use a bot for automated crypto trading.
The company began to work in 2017 and contains various established strategies that are based on one or many indicators.
How Does Cryptohopper Exchange Work
Cryptohopper is an automated trading service on cryptocurrency exchanges. Strategies on the platform are based on indicators such as SMA, RSI, KAMA, Stochastic RSI and Bollinger Bands. Also, a subscription is available for signals that may be paid or free.
Developers periodically add new features, now the bot can process no more than 75 pairs. Within the Poloniex and Bittrex exchanges, the program performs Short-Sell and intra-exchange arbitrage trading. In the settings, you can set the signal threshold at which the robot makes a deal. This program is launched from the browser. Users can configure the bot for both manual trading and automatic trading.
In addition, CryptoHopper has various trading tools, which include features such as bot testing, trailing stops, and custom indicators, save and custom templates. The platform can work both in the desktop and mobile versions. It is easy to use and does not require any programming experience or special technical knowledge.
How To Trade On Cryptohopper
To set up your account, you will need to go to the site and enter your email, username and strong password. Then you need to confirm the email. You will be taken to the setup wizard of your account. Then you select the exchange and configure the bot using the API keys provided by the exchange. CryptoHopper supports the exchanges Binance, Bittrex, Gdax, Poloniex, and Kraken. It has training materials for each configuration step. Once your account is ready to use, you will get access to a number of functions on the toolbar.
In addition, the platform allows you to connect to the services of trading signals from advanced traders, which can be either paid or free. From them, you will receive reports on price movements and coin returns.
They also use machine learning and cloud computing algorithms, but CryptoHopper itself can make a combination of technical analysis indicators and buy signals at the same time.
Is Cryptohopper Safe?
According to an InsideBitcoins investigation that the Cryptohopper trading bot is legit. It has an active community of professional traders that is backed by a solid team.
Among the advantages of the CryptoHopper bot, it can be distinguished that it is based entirely on a cloud service and there is no risk of data loss. Also, the bot has one of the best TAs with various built-in indicators. It is well suited for beginners and reveals to them all the technical aspects of trading. Its disadvantages are the lack of information about the creators for the most part, a monthly cost of $ 99 (the full potential of the bot is revealed at this price).
CryptoHopper as a whole is quite a good bot, and the best thing about it is that it is suitable for all levels of experience.