With over 400,000 users hopping on board, Cryptohopper is considered one of the best automated crypto trading bots and offers help with trading through automation and smart tools. It offers beginner-friendly features, as well as advanced options like copy trading and AI-based strategies. Regardless of your level, it probably has something for you. But is it worth your time and your hard-earned money? That’s what I will answer in this Cryptohopper review.
What Is Cryptohopper?
Cryptohopper bot is an automated crypto trading bot designed to make crypto trading simpler, smarter, and, yes, a bit less stressful. Launched in the Netherlands in 2017, it’s become one of the most popular trading bots.
This platform operates 24/7 to execute trades across major cryptocurrency exchanges. Think of it as that super-efficient assistant you didn’t know you needed.
Also, Cryptohopper isn’t just for tech-savvy pros. It’s loaded with features for both beginners and experts. You can experiment with pre-built strategies or customize your own. And with compatibility across 18 major crypto hubs like Binance, Coinbase, and KuCoin, it’s practically everywhere you want to be.
How does Cryptohopper work?
At its core, Cryptohopper runs on simple pre-programmed “IF/THEN” logic. If X happens in the market, then the bot does Y.
For example, if Bitcoin’s price dips by 5%, the bot can automatically buy. If it surges by 10%, it can sell. It’s automation at its finest — no emotions, no FOMO, no panic selling.
So how does it connect to your trading accounts? Through secure API keys provided by the exchanges themselves. These keys allow Cryptohopper to buy and sell on your behalf while keeping your funds safely locked on the exchange. This means the bot can execute trades in real-time without actually holding your crypto assets.
The platform also supports a wide range of customization. You can:
- Use strategies provided in its marketplace (one-click solutions pushed by pros)
- Tweak every trade rule and response for specific scenarios
- Use its drag-and-drop interface to create something on your own
And if strategy testing is your thing, that’s also covered. Its paper trading feature lets you simulate trades with zero risk, so you can test an idea before diving into the deep end. It’s like rehearsing your lines before a big performance — smart, right?
On top of all that, it has features like trailing stop-loss (to protect gains in volatile markets) and short-selling options.
Cryptohopper pricing & subscription plans
Cryptohopper keeps things flexible with its subscription options. There are 4 different subscription tiers.
Cryptohopper’s free Pioneer plan is a great way to dip your toes into automated trading without spending a dime. You’ll get access to basic functionality like paper trading (basically a no-stakes practice run), some limited portfolio features, and the mobile app.
But, here’s the catch: free users face restrictions on things like the number of open trades and coin selection.
On the other hand, when you step up to the paid plans, things start to get spicy. Here’s a breakdown of what each tier offers.
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Plan type |
Plan features |
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Pioneer (Free) |
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Explorer ($29/month) |
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Adventurer ($69/month) |
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Hero ($129/month) |
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*All prices refer to monthly subscriptions. If you pay yearly, you get a 17% discount.
In short, if speed and scale matter to you, you’ll want to look past the free plan. But if you’re just testing the waters, Pioneer might be all you need.
The prices themselves are not pocket change, depending on your budget. But, for what you get, I’d say the prices are justified.
Cryptohopper pros & cons
Cryptohopper has gained a loyal following among crypto enthusiasts, but like any tool, it has its fans and critics. Even though it’s considered one of the best crypto trading bots, it still has flaws.
Let’s take a closer look at what makes this crypto bot popular — and where it has room for improvement.
Pros
- Automation that works for you: Whether you want to trade in your sleep or keep emotions out of decision-making, Cryptohopper handles it for you. Set your strategies, tweak your preferences, and let the bot do the heavy lifting 24/7.
- Flexibility for all levels: It’s useful for both newbies testing the waters and experienced traders running complex strategies. For beginners, pre-built strategies and tutorials make it easy to hit the ground running. Advanced users? You’ll love the customization options, from strategy tweaking to integrating over 130 indicators.
- Robust learning resources: Their Cryptohopper Academy offers free lessons, how-to guides, and community discussions. If trading sounds like another language to you, this platform makes it much easier to learn as you grow.
- Marketplace for strategies: Don’t know where to start? Borrow ideas from the pros. Cryptohopper’s strategy marketplace is a treasure chest where you can buy pre-made strategies and signals from experienced traders. It’s a shortcut for those still developing their own trading style.
- Multi-exchange compatibility: Cryptohopper integrates smoothly with big exchanges like Binance, Kraken, and Coinbase Pro. This expands your trading options and makes managing different accounts far less tedious.
Cons
- Pricing pinch points: While the Pioneer Free plan is great for hobbyists, the valuable features (like more open positions or advanced bots) are locked behind paid tiers. Plans like the Adventurer ($69/month) or Hero ($129/month) aren’t cheap, especially for casual traders or those who just want to give Cryptohopper a try.
- Risk of strategy dependency: The pre-built strategies available in the marketplace can be a double-edged sword. Yes, it’s convenient, but it can also create a “set it and forget it” mentality. If the market shifts unexpectedly and you rely solely on someone else’s strategy, it could backfire.
- No human customer support: If you hit a snag, you’re limited to online chat or support tickets. There’s no phone support, which can be frustrating if there’s an urgent issue.
- Learning curve for complete newbies: Despite its user-friendly interface, understanding all the features and when to use them can be overwhelming at first. Think of it like setting up a fancy coffee machine: it takes some trial and error before you’re brewing the perfect cup.
- Market volatility still a factor: Cryptohopper trading bot, just like any other bot, can’t shield you from the wild, gut-punching swings of the crypto market. While strategies help minimize risk, they’re not foolproof.
Is Cryptohopper good for beginners?
Cryptohopper tries to make life easier for those who are just dipping their toes into crypto trading. They’ve clearly designed their interface to be simple to use.
From the moment you sign up, the platform guides you step-by-step, reducing any initial overwhelm. It feels like having a digital co-pilot.
One of the most helpful features is Cryptohopper Academy, a collection of video tutorials and written guides. Here’s what they offer:
- Quick-start how-tos: These walk you through the essentials — connecting an exchange, setting up a bot, and configuring basic strategies. It’s Clay and Paint 101 for crypto trading.
- In-depth educational content: They offer advanced tutorials and case studies to help you grow your skills over time. It’s like leveling up in a video game — start simple, and master the tricky bits later.
- Marketplace tips: Video breakdowns guide you on choosing templates, strategies, and signals in their marketplace. This is huge for beginners who may struggle with decision paralysis.
Now, let’s talk about the design. Cryptohopper’s platform feels clean and modern, almost like using your favorite app. Tabs are neatly lined up, dashboards aren’t cluttered, and you won’t need an IT degree to navigate. Even setting up advanced features like stop-losses or trailing stops feels surprisingly manageable.
For those who prefer not to read endless manuals, their visual drag-and-drop strategy builder makes trading setup intuitive. You don’t need any coding knowledge to create or modify strategies.
Of course, no tool is perfectly idiot-proof — and Cryptohopper does have advanced features that may confuse complete newbies. But, overall, I’d say it’s a solid choice for beginners, with its focus on ease of use, strong educational resources, and straightforward layout.
Is Cryptohopper safe and reliable?
Safety and reliability are non-negotiable. It’s your money on the line after all. The market’s nature leaves little room for error, and you need to be able to trust in your trading tools.
Customer trust and reviews
One of the best ways to gauge a platform’s reliability is by hearing what real users have to say. Cryptohopper’s reviews on platforms like Trustpilot paint a mixed picture. While many users praise its simplicity and powerful features, others share concerns you shouldn’t ignore.
The good
Several users talk about how easy Cryptohopper is to use, even for beginners. The platform’s educational resources, including video tutorials and written guides, get a big thumbs up. People new to crypto often praise the customer support team for stepping in quickly when things go sideways — like setting up a bot or going through the Marketplace.
Here are some standout points users often highlight positively:
- Ease of use: Many appreciate Cryptohopper’s clean interface and the lack of technical jargon. As one reviewer said, “The platform is actually quite user-friendly once you get the hang of it”.
- Customizable features: The ability to adjust trading strategies, test them through paper trading, or even download pre-built strategies from the Marketplace is a big hit for intermediate and advanced traders.
- Educational support: Beginners love the Cryptohopper Academy and its straightforward guides. It’s almost like having a cheat sheet for handling the overwhelming crypto world.
- Customer support: Despite the lack of dedicated phone support, many users said that when they had an issue, customer support quickly stepped in and fixed whatever the issue was.
The not-so-good
However, no product achieves universal acclaim. Cryptohopper hasn’t escaped criticism. Some frustrated users describe the platform as overly complex when diving into advanced features. Others have encountered financial pain points, like unreleased affiliate earnings or fees that feel heavy compared to what you get in return.
Key concerns raised by dissatisfied users include:
- Deceptive templates: A few users have reported paying for templates in the Marketplace that either don’t work or require too much tweaking.
- Affiliate earnings disputes: One recurring complaint involves affiliate commissions reported as “paid” on the dashboard but never making it into actual wallets. Trust disappears fast when money is involved.
- Learning curve: Some features, especially advanced ones, require trial and error to perfect, despite the beginner-friendly vibe.
Overall impression from users
It’s clear Cryptohopper isn’t going to be everyone’s cup of tea. If you’re a beginner looking for a flexible tool with plenty of educational resources, it does an excellent job delivering. However, if you’re expecting a flawless experience from day one or are diving in without a clear trading strategy, things may not go your way.
The verdict
Cryptohopper is a solid entry in the crypto bot arena. It offers accessibility and features that cater to a variety of traders. With its flexible pricing tiers, educational materials, and customizability, it’s a strong option for crypto traders. Automation simplifies decision-making, but like any tool, it works best when paired with a sound strategy and realistic expectations.
Its weaker points like the cost of higher-tier plans and reliance on market conditions, mean it’s not a one-size-fits-all solution. If you’re looking to dabble without spending big, the free plan is a no-brainer. Serious about upping your trading game? The Hero plan provides the high-level tools to do just that, as long as you’re prepared to fine-tune and pay a premium price.
FAQ
How to use Cryptohopper?
There are simple steps to start using Cryptohopper:
- Sign up → Connect exchange API (no withdrawal access).
- Choose bot type: Signal Bot (prebuilt) or custom strategy.c
- Set parameters: Indicators, risk, take-profit.
- Activate → Monitor via dashboard.
How to withdraw money from Cryptohopper?
It’s actually not possible to withdraw money from Cryptohopper directly. You need to withdraw money from the crypto exchange that you’ve chosen.
Is Cryptohopper profitable?
It depends heavily on your trading strategy, market conditions, and subscription tier. Cryptohopper provides powerful tools like copy trading, paper testing, and automation but it doesn’t guarantee profits. To be profitable, you need to tweak your strategies over time, use indicators wisely, and adapt to market trends.
