Cryptohopper Review (UPDATED 2018): Is Cryptohopper Safe? | VKOOL

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In the last few years cryptocurrency markets have taken off, and new currencies sprout up every month to join the ranks of those being traded in exchanges like Binance, Gate.io, and TIDEX. The actual work involved in trying to make some money off of trading is intense, essentially being what stock brokers and investment bankers do. But not everyone has the time or energy to go to all that trouble, and it can be hard to dig through all the clutter and find out what's really worth investing in.

Enter Cryptohopper, an automated program that trades cryptocurrency for you. Is it all it's hyped up to be? Learn more in our review below. You might also be interested in our newest list of the best altcoins of 2018 – coins that could end up being traded on Cryptohopper.

What Cryptohopper Is

Cryptohopper is, as we said, a bot that makes trades for you, utilizing different algorithms. Users first sign up for Cryptohopper and then rout it to an exchange. They then choose a trading strategy, and let things run on their own.

With any luck, you'll be making profits in no time. It's designed to be easy to use, without the typical programming or engineering abilities that this side of technology usually requires for schemes like this. The company behind it has purposely made it as easy as opening a program and clicking between different choices, which will definitely help new users (who have standard computer knowledge) get onboard as quickly as possible.

How Cryptohopper Works

It's simple: you log on to your Cryptohopper account (which has an easy-to-navigate dashboard). You can evaluate your settings and the sort of trading style you're currently set up for. The dashboard allows you to access a number of other things as well, including recent reports of how certain currencies are doing and advice from traders. You can also see the price history of various coins, your own trading history.

The dashboard is also where you can tell Cryptohopper what to do: how much to invest, what strategy to use, and your target profit amount.

It's easy to set up, too. All you need to do is sign up for the account and pay, then link your  Cryptohopper account to a bank account, and everything's all set up.

Cryptohopper comes with some other great resources as well, including an education section where you can learn about trading, tips, and terms, with videos available for user-friendly instruction. There's also a community section with forums, where you can interact with other Cryptohopper users and share tips, ask questions, and get involved in the community.

Right now, Cryptohopper allows trades on lots of major exchanges such as Bittrex, Kraken, Poloniex, and GDAX, but that's only the beginning – the platform plans to add lots more in the coming months. Some of the coins being traded on those platforms made it to our list of the best altcoins of 2018 – click here to read it.

The Features of Cryptohopper

Cryptohopper comes with a number of great features, all designed to make your trading experience as painless as possible.

The first feature is external signal integration. Signals are alerts that advise traders to take certain actions (like buying or selling) based on mathematical algorithms, an analysis of current events, or a recent announcement that the signaler believes to be worthy of taking action on. Your account can be set up to automatically conduct trades based on these signals, and you don't have to worry if the signals are good or bad – you can change them at any time, and you can read performance reports that tell you what signals are reliable and what aren't.

The second is the design: as we said above, Cryptohopper is intended for people of all experience levels, so even if you're new to cryptocurrency and trading, you should have no problem getting involved.

The community, as we said, is there to give additional support, so that even if you're stuck on something or have a question about what something means, there's always an answer to be found just by asking someone else in the user base.

There's also lots of strategies to use, and each of these strategies can be further modified to your satisfaction.

Right now Cryptohopper supports 75 different coins. You can invest in one or several in order to spread your risk.

The Pricing

Here's the part you're probably aching to know about. A program that automatically trades crypto for your profit has to come with a catch, but the good news is that Cryptohopper offers you choices.

They offer a trial period called a Bunny trial that lasts for a month. After that, you have to choose a payment plan. Each payment plan comes with its own benefits, which grow the more you pay.

The Bunny Adventure Hopper costs $19 a month, and allows you 80 positions and a maximum of 15 coins to choose from.

The Hare Advanced Hopper subscription costs $49 a month, and gives you 200 positions and 50 coins to pick from. It also entitles you to better customer support.

Finally, there's the highest level: the Kangaroo Master Hopper. This is $99 a month, but gives you access to 500 positions, all 75 supported coins, and other benefits including high-priority customer service.

All subscriptions can be bought on a per-month basis or annually.

The Team Behind Cryptohopper

This is where Cryptohopper diverges from lots of crypto-related platforms we've seen – there's not much information on who they are. Their website doesn't list the team members or their development history. All we could glean is that they're based in the Netherlands.

That's about all. Some may find this disconcerting, but there are two sides to this. On the one hand, we all would like to know who's behind the products we're using, even just a name or two, to reassure us that these are legit people we're dealing with. On the other hand, the crypto community was founded on anonymity: the developer(s) of Bitcoin themselves have no real name other than “Satoshi Nakamoto,” a pseudonym to conceal their real identity, and the point of crypto is so that you have the option of being anonymous in your transactions.

So in the end, is it really terrible that we don't know much about these people? Should we just judge them on the execution of their idea and the professional presentation of their website, or do we really need to know everything about them? This is a question each person will have to decide for themselves.

Cryptohopper vs ProfitTrailer

Both of these platforms are designed to be automatic cryptocurrency trading bots. Both have a focus on user-friendliness, a built-in community, and loads of features. Cryptohopper offers a free trial, while ProfitTrailer seems to only offer three different tiers of subscriptions. ProfitTrailer's subscriptions have to be paid for in Bitcoin, while Cryptohopper can be purchased in fiat currency. Cryptohopper seems to support more exchanges than ProfitTrailer, but on the other hand, ProfitTrailer is bigger with their advertising and offers mobile support, which it's not clear if Cryptohopper offers or not.

Cryptohopper vs Gunbot

Again, two similar services: automated cryptocurrency trading bots that use different algorithms, intended for passive income. Both support several high-profile crypto exchanges. Cryptohopper offers three tiers of subscriptions, while Gunbot offers six, all with different benefits depending on how much you spend. Like with ProfitTrailer, it looks like Gunbot accepts Bitcoin for subscription payments, while Cryptohopper accepts fiat. It looks like Gunbot's user interface is a little more technical than Cryptohopper, which may make it more geared towards the tech-knowledgeable.

Frequently Asked Questions

  1. Is there a Cryptohopper forum?
    Yes, the service includes a user forum where you can interact with the community.
  2. Can I adjust the settings in Cryptohopper?
    Yes, the service gives you lots of settings to adjust for your trading profile.
  3. Where can I read a Cryptohopper review?
    You can read a couple on crypto blogs, but there's not many reviews out there, from what we've seen.
  4. Is there a Cryptohopper Reddit?
    No, but there's a Cryptohopper account on Reddit that has answered questions from users.
  5. What's the Cryptohopper discount code?
    We're not aware of any discount codes going on.
  6. What's the best Cryptohopper strategy?
    That depends on the person. Different people will be interested in different strategies, depending on how they want to invest.
  7. Does Cryptohopper work with Binance?
    Not at the moment, no.
  8. What is Cryptohopper?
    Cryptohopper is an automatic bot that places trades for you, which you can connect to a handful of different exchanges and assign different strategies.
  9. Why are there so few Cryptohopper reviews?
    We're not sure. For how unique and worthwhile this technology is, there isn't much buzz about it, and it could either have to do with it being newer, or with their team just not having a very robust marketing strategy.

Conclusion

With the growth of crypto exchanges and the number of tech-savvy people getting involved in what is essentially the “new stock market,” it was only a matter of time before someone decided to come up with a way to have a program do all your trading for you. With its list of features, its focus on user-friendliness, and the support it has for 75 different coins, Cryptohopper could end up being a game-changer. It doesn't have much competition, and it could make people a lot of money. What's not to love? The only thing which may keep some people away is the lack of word-of-mouth and the lack of information about who's behind it. But in the end, the only thing that matters is this: does it work? Time will tell.

Cryptocurrencies are sprouting up left and right, but it's not always easy to tell which ones are the best. Check out our list of recommendations for altcoins to invest in in 2018 to get started.

Peter Lehmann

Peter is a blockchain investor and cryptocurrency writer at Vkool.com. Since 2014 Peter has advised blockchain startups and ICOs on content marketing, strategy and business development.

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