Delving into the world of cryptocurrency can sometimes feel like you’re learning a new language. Cryptocurrencies are also incredibly volatile. While volatility is usually a cause for concern, it’s actually helpful when trading crypto. It allows you to invest when prices are low and offload your risk when the market is doing great.
However, reading these trends and waiting for the perfect time to invest can be a full-time job. Wouldn’t it be great if you could create automated algorithms to predict this for you? Cryptohopper’s trading bots (known as hoppers) may be your answer. You can also have a look at the Cryptohopper review to get all the necessary info and full understanding of the
What Is a Crypto Trading Bot?
Crypto bots are widely available computer programs that can buy and sell various cryptocurrencies automatically at the right time. They do so by connecting to your cryptocurrency exchange and make trades on your behalf. Successful trading depends on complex probability calculations and watching market trends – both of which computers can process faster than human minds. So why not use that to our benefit?
What Is Cryptohopper?
The world of cryptocurrency services offers traders a number of useful tools to increase the chance of successful trades. Cryptohopper is an example of such tools that simplify the trading process by providing technical market indicators and trading bots that you can customize.
By providing the tools you need to create a trading companion, the company hopes to save you some time staring at a computer screen all day but still reap the benefits of being a trader. A completely automated trading bot means you can trade 24/7, 365 days a year, which gives you more opportunities than ever before. Having the hopper completely customizable and able to backtest each iteration ensures that you can consistently optimize your bot to your current needs.
Why Would You Need It?
In the sea of cryptocurrency platforms, here’s what makes Cryptohopper stand out:
1. Objective trading – Your trading will be driven by pure data analysis and not panic selling or other emotions that usually drive other traders.
2. Social trading – Telegram trading allows experienced analysts to share their opinion on rising coins to other traders (also known as signals). Cryptohopper will enable you to subscribe directly to these signalers to get the information you need to optimize your trading.
3. Simultaneous trading – Cryptohopper trades all your available coins simultaneously – keeping track of their prices and selling at profit targets you set.
4. Stop-loss features – Limits your losses so you can climb an upward trend on your trading journey in a potential bull market.
5. Positive pair trading – You can have your bot only trade coins that make a positive 24/hr change to increase your chances of investing in winning coins.
6. Intuitive tools – Their various offerings allow you to stay on top of bull and bear markets. Their platform notifies you of early signs of each market and the opportunity to short sell your declining coins and repurchase them at the end of a bear market.
7. Cloud-based – Cryptohopper is 100% online and in the cloud which means you don’t need to leave your device on 24/7, but you can log in at any time to update your bot.
8. Drag and drop – When designing your trading bot, all you need to do is drag and drop, saving you plenty of time especially when trading on the go.
Costs and Plans
Before committing to a plan, you can test out their system for a week without putting down credit card information. The free trial gives you access to all the features their explorer package offers, so you’re not missing out on features.
- 80 positions
- Up to 15 currencies, 2 triggers
- Technical analysis with 10 min intervals
- A trading bot
- More positions, currencies, triggers
- Technical analysis with a shorter interval (5 mins)
- Exchange arbitrage: Helps you benefit from price differences between exchanges
- 500 positions, 75 currencies, 10 triggers, all coins for signals
- Technical analysis with 2 min interval
- Premium indicators: helps you improve your hopper
- Market maker method: provides liquidity to a market of your choice
Cryptohopper may provide some benefits during your crypto trading journey. By giving you the ability to trade reliably away from the computer screen, hoppers make it easier to turn a profit while trading. Their platform is user friendly and is easy to use regardless of your coding experience. Cryptohopper connects to major global exchanges with $0 trading fees makes it easy to earn money from your favorite exchange. All of the above is what makes Cryptohopper approachable regardless of how much experience you have as a trader.