Cryptohopper was founded in 2017 by Ruud and Pin Feltkamp, both Dutch brothers happen to have created a leading automated trading bot.
Cryptohopper is a crypto trading bot that is AI-driven and is designed to help simplify the crypto trading process by helping traders of all experience levels to make the most of their trading opportunities via automated trading strategies, all in a bid to reduce the chance of losses and maximize profit.
The trading bot trades on your behalf using trading algorithms which means once you connect it to a crypto exchange, you can select a number of strategies that it will implement on your behalf for profit purposes.
It offers both full auto and partial auto trading, with its full automation entailing the robot does all investment research and trading while the partially automated trading entails the app gathering good insights that can be used for trading and recommending them to the user for execution.
The Cryptohopper online dashboard allows you to easily monitor your performance and lets you see reports of signalers so as to subscribe to the best signals.
It also allows you to keep track of your trading history, stats and the price flows of about 75 cryptocurrencies.
It eliminates long hours of learning and mastering the crypto market. All you have to do is configure your bot, and the hopper will take it up from there.
Cryptohopper scans the market every time for the lowest prices to buy and sell when the trades have shifted into considerable profits, based on your trading strategy or signaler.
With the help of an Application Programming Interface (API) that is generated by your exchange, Cryptohopper can easily integrate with your account and use the funds in your wallet to trade without having to move them around, thereby saving you time and money especially on transaction fees.
Cryptohopper, like all trading bots, do not have to transfer funds to an account that is controlled by the bot’s developers because the bot works through an API that allows them to execute trades on integrated exchanges.
It is, however, necessary to provide your API keys which give the bot restricted access to your account for trading purposes. These API keys are generated on your preferred exchanges.
The bot does not receive withdrawal rights which means, in the event of a data breach or hack, criminals can not directly access your funds. Also, you can set up two-factor authentication (2FA) in order to further secure your account.
One factor to consider is that despite the fact that trading bots do not have withdrawal access, criminals can take advantage of the API access of the bot to purchase very low value coins which are then pumped and dumped.
Cryptohopper works with 9 major exchanges including Kucoin, Binance, Bitfinex, Coinbase Pro, Bittrex, Cryptopia, Kraken, Huobi, and Poloniex.
Cryptohopper does not guarantee profits. It only simply allows traders to make informed trades based on programmed trading algorithmic approaches and external signals.
The crypto market is a volatile one that is why we recommend you interact with other users to gain better knowledge on how to configure the Cryptohopper correctly for maximum profit.
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