Cryptohopper is a famous trading robot launched in 2017. This bot software is said to be highly profitable, with a claimed daily return of up to 20%.
It is also fully automated, making it suitable for complete beginners. Cryptohopper claims that with just a deposit of $250, you can start earning big money online through their app. But is Cryptohopper a scam or is it as profitable as it is said to be?
In this 2021 guide, we review evidence that Cryptohopper is legit and also tips to help you make the most of this robot. It is essential to note that there is a significant risk in trading with robots like Cryptohopper or other platforms e.g. Bitcoin Loophole. It is therefore advisable that you only make a minimum deposit as a test then trade with an amount you can afford to lose.
Is the Cryptohopper Trading Bot Legit?
- InsideBitcoins appears legit and their platform is fully active and working.
- Cryptohopper has a good reputation, the majority of online reviews claim out that this robot is profitable
- Cryptohopper customer service is excellent
- This robot seems trustworthy : the information on their website is verifiable and accurate
- The platform is secure and they are GDPR compliant
From the above metrics, we find Cryptohopper legit. This robot is similar to Bitcoin Trader and Bitcoin Code, another fully auto robot. Read our Bitcoin Trader review for an alternative or click here to see the Bitcoin robot for 2019.
A legit trading robot should have a proven track record and should guarantee consistent results irrespective of market conditions. Unlike human traders, robots are allegedly designed to make money in both rising and falling markets. Consequently, many users report using robots because they claim that the potential to make money remains the same all the time, even when the markets are crashing.
What is Cryptohopper?
Before we look at what Cryptohopper is, it is essential to note that you do not need to understand trading jargon to use this robot. All you need is to follow the guidelines provided to set up their web-trader and click live trading to start trading.
Cryptohopper is a trading robot that claims to allow traders to capitalize on trading opportunities in the crypto markets. The software enables both automatic and semi-automatic trading. In auto trading, the app carries out investment research and automatically places trades. The Cryptohopper app applies high-frequency strategies to scan the markets for tradable news and place trades.
When it comes to semi-automated trading, this software is said to copy strategies of the best crypto traders and recommend them to users. This approach is known as copy trading and is popular in forex and stock trading. With the semi-automated approach, users are responsible for determining which trading strategies to apply in their accounts.
InsideBitcoins investigations reveal that Cryptohopper algorithms are highly powerful. We did a live test and confirmed that it is real. Click here to open an account now or keep reading for more information
How does Cryptohopper work?
As mentioned earlier, Cryptohopper provides both fully automated and semi-automated crypto trading. Fully automated trading involves the robot carrying out all the investment research and placing trades automatically. Semi-automated trading, on the other hand, consists of the trading bot carrying out research and delivering tradable insights to the user.
We can confirm that Cryptohopper provides high-quality trading signals to traders. These signals are sourced from the best of crypto traders and recommended to users to apply in their accounts. This method is known as copy trading and is popular in forex and stock trading.
Also worth noting, Cryptohopper trades on margin with most of its brokers providing leverage of up to 1:500. High leverage means that you can place trades bigger than your trading capital. For instance, a leverage of 1:500 means that you can place a trade that is 500 times bigger than your capital. Consequently, Cryptohopper claims that your profits will multiply to that level. The same thing happens to losses meaning that there is a high chance of your trading account
Who is the founder of Cryptohopper?
According to Crunchbase, Cryptohopper was founded in Sep 2017, by Ruud Feltkamp. InsideBitcoins Investigations reveal that Ruud Feltkamp is a real person. He is a well-known quant with a product portfolio worth billions of dollars and he claims that Cryptohopper is one of his most successful products. Further online research reveals that this person is popular in the tech and trading industry. He features in various platforms as a guru crypto trader and an early investor of Bitcoin. Moreover, he did not found Cryptohopper alone. He was helped by his brother, who is also a software engineer and trader.
