The AI Reports

Cryptohopper

What is Cryptohopper?

Cryptohopper is an automated crypto trading platform that allows users to trade cryptocurrencies 24/7 using advanced trading algorithms and artificial intelligence (AI). It offers features such as social trading, copy trading, and trailing orders to optimize trading strategies.

The service connects with top global exchanges and provides tools for backtesting, strategy designing, and automated trading tailored for both beginners and experienced traders. Its AI capabilities enable bots to learn and decide autonomously, aiming to improve trading efficiency.

With Cryptohopper, individuals can manage their full portfolio from one place, leveraging market opportunities even when they are not actively monitoring the markets.

Cryptohopper use cases

  1. Individuals automating crypto trading
  2. Traders copying strategies from experienced counterparts
  3. Users managing their portfolio across exchanges
  4. Crypto traders participating in trading tournaments
  5. Investors utilizing AI for decision making

Cryptohopper functionalities

  • Automated Trading: Trade 24/7 with bots
  • Copy Trading: Mimic expert traders
  • Strategy Backtesting: Validate trading strategies
  • AI Integration: Let bots learn and decide

Pros and Cons

Pros

  • Support for multiple exchanges
  • AI-powered trading bots
  • User-friendly interface for beginners
  • Advanced strategy building tools for experienced traders

Cons

  • May require a learning curve for new users
  • Dependence on market conditions that may affect trading outcomes
  • Subscription cost might be high for some users
  • Risk of loss inherent to crypto trading

Cryptohopper pricing

Feature namePioneerExplorerAdventurerHero
Monthly PriceFree$24.16$57.50$107.50
Open positions per exchange2080200500
Simultaneous scanner botsManual155075
Strategy backtestingManual Trading OnlyBacktesting IncludedBacktesting IncludedBacktesting Included
Triggered events02510

Cryptohopper reviews

3.9

Based on 324 reviews online

Cryptohopper’s customer support gets thumbs up for being responsive and user-friendly. Many appreciate how quickly the support team acts, especially when dealing with refunds or technical issues. The trading bots also receive praise, offering users a way to either program their own or buy from the marketplace, which has been profitable for some after fine-tuning their strategies.

On the flip side, the platform isn’t the easiest to navigate for everyone. Although there’s enough material to help users get started and a marketplace for buying trading signals and strategies, some find the learning curve steep and the initial phase potentially costly.

But, it’s not all smooth sailing. A handful of users have faced serious issues like software bugs leading to significant monetary loss, high fees eating into investments, and less than satisfactory responses from the support team in critical situations. Complaints about being overcharged or the financial impacts of technical glitches paint a picture of unreliability for some.

All in all, the sentiment towards Cryptohopper is mixed. The service shines in areas like customer support and the functionality of its trading bots, but struggles with issues like software reliability and transparency about costs. The divide in user experiences suggests a platform that can offer value but comes with its share of risks and challenges.

User reviews

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Cryptohopper FAQ

Cryptohopper alternatives & similar tools

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4

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6

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3.6 (3)

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8

3.2 (416)

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9

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10

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1

4.5 (671)

Bitsgap offers a secure, user-friendly platform for automated crypto trading and portfolio management.
2

4.3 (34)

HaasOnline delivers advanced crypto trading automation tools, including custom bot creation, strategy backtesting, and portfolio management.
3

4.2 (58)

TrendSpider combines advanced charting, market data, and automation tools to enhance trading strategies and efficiency.
4

4.2 (54)

TradeSanta offers automated crypto trading across several exchanges with customizable strategies and technical indicators.
5

4.1 (1518)

3Commas offers an intuitive platform with a variety of trading bots, alongside an advanced automation and security setup for cryptocurrency trading.
6

3.6 (80)

Kryll.io enables automated crypto trading with a no-code editor, supporting strategy creation, and marketplace integration.
7

3.6 (3)

CryptoHero, a crypto trading bot offering 24/7 automatic trade execution, no-code setup, and a range of supported exchanges.
8

3.2 (416)

Pionex offers crypto trading with automated bots, AI strategy generation, and a user-friendly experience.
9

No reviews

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10

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About the author

M. Kooiker

M. Kooiker

As an experienced online marketeer with a longstanding interest in AI, I've immersed myself in the latest AI advancements in recent years. Passionate about innovation, I actively test AI tools and dedicate myself to guiding users in selecting the right technology. My mission is to connect people with cutting-edge AI solutions.