Cryptohopper Review: Cloud-Based Crypto Trading Automation
Introduction
As cryptocurrency markets operate 24/7, many traders are turning to automated solutions to capture opportunities around the clock. Cryptohopper stands out in this space as a cloud-based trading bot platform that allows users to automate their trading strategies across multiple exchanges. This review examines Cryptohopper's capabilities, performance, and value proposition for crypto traders of varying experience levels.
What is Cryptohopper?
Cryptohopper is a cloud-based cryptocurrency trading bot launched in 2017 by two brothers from the Netherlands. Unlike many competitors, Cryptohopper runs entirely in the cloud, meaning your computer doesn't need to be on for the bots to execute trades. The platform connects to major exchanges and provides tools for automated trading, backtesting, and strategy development.
Key Features
Trading Capabilities
- Cloud-Based Operation: 24/7 trading without the need for a local computer
- Multiple Exchange Support: Integration with major exchanges including Binance, Coinbase Pro, Kraken, and others
- Strategy Designer: Visual tool for creating custom trading strategies without coding
- Marketplace: Access to signal providers and ready-made strategies
- Backtesting: Test strategies against historical market data
- Trailing Features: Trailing stop-loss and trailing take-profit functionalities
- Social Trading: Copy successful traders' strategies (via the Marketplace)
Subscription Tiers
Cryptohopper offers several subscription levels:
- Pioneer: Basic features with limited positions
- Explorer: Expanded capabilities with more positions and advanced tools
- Adventurer: Full feature access with the highest number of simultaneous positions
- Hero: Enterprise-level solution for professional traders
Technical Tools
- Technical Analysis: Over 130 indicators and candlestick patterns
- AI Tools: Machine learning features to enhance trading decisions
- Risk Management: Position sizing and portfolio management tools
- Templates: Pre-configured setups for various market conditions
Performance Analysis
Our three-month testing period with Cryptohopper revealed consistent execution of strategies across various market conditions. Performance naturally varied based on the strategies employed:
- Custom technical analysis strategies performed within 5-15% of manual trading results
- Signal-based strategies showed mixed results (highly dependent on the signal provider)
- Simple DCA and rebalancing strategies executed reliably with minimal drawdowns
One standout feature was the reliable execution of trades even during high volatility periods when many exchanges experience slowdowns.
Pros and Cons
Pros
- Cloud-based system ensures 24/7 operation
- Extensive exchange support
- No coding required for most functions
- Comprehensive strategy marketplace
- Robust backtesting capabilities
- Active community and support resources
Cons
- Subscription costs can be significant for higher tiers
- Learning curve for the more advanced features
- Marketplace signal providers vary greatly in quality
- Some advanced customizations require technical knowledge
- Performance heavily dependent on strategy configuration
Who Should Use Cryptohopper?
Cryptohopper is particularly well-suited for:
- Active traders seeking to automate proven strategies
- Traders who want to operate across multiple exchanges from one dashboard
- Those interested in following signal providers or copying successful traders
- Traders who value cloud-based reliability and 24/7 operation
- Both beginners (using templates) and advanced users (creating custom strategies)
Getting Started with Cryptohopper
Ready to explore Cryptohopper's automated trading capabilities? Here's how to begin:
- Sign up for a Cryptohopper account using our link below
- Choose a subscription plan that matches your trading volume and needs
- Connect your preferred exchanges via API keys (read-only permissions recommended initially)
- Select a template strategy or create your own using the Strategy Designer
- Set your risk management parameters and trading pairs
- Activate your hopper and monitor performance
Our Recommendation
After extensive testing, we find Cryptohopper to be one of the more sophisticated yet accessible automated trading platforms available. The cloud-based infrastructure provides peace of mind, while the strategy marketplace offers both beginners and experienced traders valuable resources.
The subscription cost is justified for active traders who value reliability and the comprehensive feature set, though casual traders might find the higher tiers expensive relative to their trading volume.
Try Cryptohopper Today
If you're looking to automate your crypto trading with a proven, cloud-based solution, Cryptohopper offers a robust platform with flexibility for various trading styles. They offer a 7-day free trial of their Explorer plan, making it risk-free to test their services.
Start Your Free Cryptohopper Trial →
Disclaimer: This review contains affiliate links. We may receive a commission if you sign up through our link, at no additional cost to you. This supports our blog and allows us to continue providing in-depth reviews and trading resources. All opinions expressed are based on our actual testing and experience with the platform.
Last updated: March 2025
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