Cryptohopper is one of the best cryptocurrency trading bots in the market. Alongside Wunderbit Trading and 3commas, this trading bot has made it easier for users to get access to automation solutions to trade in the cryptocurrency market.
Nowadays, this platform became one of the most popular ones to trade digital assets in the market. They are offering a wide range of pre-defined strategies and many other solutions. In this guide, we are going to share with you all the information you should have about Cryptohopper and why it became one of the best trading bots in the crypto market.
Disclaimer: the information shared by AltSignals and its writers should not be considered financial advice. This is for educational purposes only. We are not responsible for any investment decision you make after reading this post. Never invest more than what you are able to lose. Always contact your professional. financial advisor.
What is Cryptohopper?
Cryptohopper is a cryptocurrency trading bot that offers users the possibility to copy traders, manage exchange accounts and also perform arbitrage techniques to increase profits for users. The platform offers support to different types of portfolios by offering solutions to Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), and more than 100 other virtual currencies.
There are many benefits of using Cryptohopper. The first one is related to the fact that when you use a crypto trading bot, you take away emotions from your trades and you allow the trading strategies to operate on your behalf and automatically.
This reduces your time in front of a screen and makes it easier for you to trade virtual currencies even when you are sleeping. The platform includes support to most of the largest virtual currency exchanges in the market, which reduces the friction there is between the bot and the platforms you use.
It is also worth mentioning that Cryptohopper became a social trading platform as well. There are many positive things about Cryptohopper. In the next section, you will get all the information about each of the features and services offered by this crypto trading bot.
Cryptohopper Features
There are many different features of this cryptocurrency trading bot. If you want to know what is Cryptohopper, we should also focus on the main features it offers and how you can get the most out of them.
Automated Trading
When we talk automated trading, we talk about a platform that would execute certain rules on your behalf. For example, you could have a trading strategy that every single time Bitcoin falls by 20% in one hour or more, you want to buy X amount of BTC.
If you are sleeping, out of home or without access to your computer, executing this strategy would definitely be difficult. Indeed, you could eventually lose this possibility. With the trading bot, you can just let the instructions operate for you as soon as the action takes place.
There are many other trading strategies, it is up to you to build the one that works for you the best.
Social Trading Platform
Cryptohopper is also a fast-growing social trading platform. The term that was popularized by other trading sites, has now become a must-have feature in most of the trading sites, including crypto bots.
Through the social trading platform, users can easily subscribe to trading signals, get access to new strategies for the crypto market and buy even templates and bots from the marketplace. There are many other things that you can do with the social trading platform that could help you increase your profits over time.
Users can follow trading signals, which make it even easier to trade cryptocurrencies in the market. By using trading signals, your bot should only copy the information received from the signals provider and these instructions will get automatically executed on the exchange you use.
Access to Expert Trading Tools
Users on Cryptohopper will also get access to a wide range of crypto expert trading tools that do not require users to have coding skills in order to execute them. Users can trade the spread there is in the price in some markets (Spread between selling and buying price), perform the exchange and market arbitrage and create their own strategies.
Nowadays, expert traders have adopted trading bots to become efficient when they trade and also to reduce the time they spend in front of the screens. Although we have just mentioned some of the features of Cryptohopper, there are many others that you could also enjoy while using this trading bot.
