If you are looking for a good automated trading bot, Cryptohopper is a great choice. It is an AI-driven trading bot that can open more than one million trades each month and boasts over 300,000 users. The app is incredibly easy to use, and it is available for both paper and mirror trading. The app was founded in 2017 by two brothers who are successful day traders and brilliant engineers. They were inspired to develop a software that would make day trading easier and more fun. As a result, Cryptohopper hosts over nine million transactions worth $2 billion each month.
Another great feature of Cryptohopper is its ability to simulate the crypto exchange market. It uses an API key to connect to the exchanges, and it can instantly process buy and sell orders. It also has robust analytics tools and social trading features. However, the app does have some downsides. Despite its advanced features, it only supports a few exchanges, which limits its usability for some users. In addition, it is not compatible with ETFs and crypto futures, and it does not allow users to hand code their own trading strategies.
Automated cryptocurrency trading is an intricate process, and if you are not a professional trader, you may find it overwhelming. Crypto prices fluctuate dramatically and depend on a number of factors, many of which are difficult to control or predict. However, Cryptohopper’s algorithmic approach to trading makes it simple and reliable, and it provides assistance to traders of all experience levels.
Cryptohooper review offers several different trading strategies, including an algorithmic trading bot. In addition, the platform offers a signal provider market and a social trading platform. It also offers tools for risk management, such as trailing stops and stop losses. In addition, the program is user-friendly and easy to setup. As a result, Cryptohopper is an excellent choice for new traders who want to automate their trading.
The basic “Pioneer” package of Cryptohopper is free of charge. More advanced packages (Adventurer trader plus) cost $49 per month. These options also include a marketplace where users can download signals and templates from other traders. Many users of the app are pleased with the software’s performance. The Google Play store rating for Cryptohopper is 3.7 stars, and users laud the ease of use and ability to backtest and paper trade.
While the features offered by Cryptohopper are impressive, there are still some areas that need improvement. For example, the platform has not yet fully developed its AI. It may be better suited for traders with large accounts than those with small accounts, but it has potential to be a great option for newbies.
Cryptohopper’s trading strategies are highly flexible. You can use default settings, sign up for signal providers, or customize your strategies based on your own preferences. In addition, Cryptohopper is compatible with 13 leading cryptocurrency exchanges worldwide. Some of the most popular exchanges are Binance, Huobi, OKEx, Poloniex, and Coinbase Pro. Moreover, the program supports mirror trading, paper trading, automatic trading, and trailing stop loss.