center for worklife logo

Cryptohopper Review (2022): Is Cryptocurrency Trading Still Worth It?

By: Hope
By: Hope
Welcome to my Cryptohopper review. My goal is to answer common questions like: how much it costs, if it's a scam, & if you can actually make money with it. The end goal is to help you understand if it's a good fit for you personally, and if there are any better alternatives out there.
CryptoHopper Review

Disclaimer:

This Cryptohopper review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.

What I Liked

What I Didn't Like

Before we get into it... who am i?

Always good to put a name to a face, so firstly, my name is Hope!

Like you, I was stuck working 8-10 hour days building someone else’s dream.

I worked at one of those cool tech companies that has omelet stations for breakfast & craft beer on tap for after hours.

To a lot of people that’s a dream, but to me… something was missing.

All I really wanted, was to actually enjoy life – more vacations, less stress, buy myself nice things without worrying about the cost… but that was something my 9-5 couldn’t provide me.

That was until a few years ago when I discovered a way to make money online by actually helping real people. 

People in this case were local business owners across the US.

Me and My Puppy

The page above is an example of how I do it. That one-page site generates $1,500/mo and I haven’t even touched it since it was put up.

That’s an $18,000/year raise from just one page.

That’s why local lead generation is my #1 business recommendation for recurring, semi-passive income. If you want to learn about that business model, click here.

Important: I am not an affiliate

for Cryptohopper

Why Does That Matter?

A lot of course reviewers have no experience with any of the business models or programs they review, and so they’re just making stuff up.

They do that because they want you to click through their link to buy from the person that the review is about!

They have no clue what it’s actually like to run the type of business Cryptohopper is teaching you to do.
I have absolutely no relationship with Cryptohopper, so you can rest easy knowing that I’m going to give you my honest opinion
This review is written based on my own experiences with crypto.

All that being said, let’s jump into things.

So, you’re keen to get started in cryptocurrency trading…

But you lack a lot of experience in that field. There is a lot to learn…

So why not get started right now instead of waiting?

If you want to get started right now, then considering a cryptocurrency trading bot might be of some interest to you.

These types of bots autonomously buy and sell currencies for you based on your own pre-programmed conditions, it saves a lot of time sitting at the computer!

While you will find that there are many different types of trading bots in the market today, you’ll quickly find out that Cryptohopper is one of the more trustworthy ones.

But before you make any decisions, let’s just go ahead and give a quick overview of Cryptohopper and what it is.

I’ll talk about whether cryptocurrency is the right online business for you.

If you’re like most of my readers, you came across Cryptohopper for one main reason:

You want to make more money than you currently make, ideally by leveraging resources you already have.

Maybe you’re even looking for a quick turnaround on some of your cash, instead of waiting years, or even decades for it to double.

Well, you’re in good company – who wouldn’t want all of that?

There’s one thing you need to watch out for though: legitimate scammers.

The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space.

But for purposes of this review, let’s assume these people had the best of intentions.

Even with the most sophisticated systems out there, most experts barely manage to get it right 10% of the time…

Obviously, there’s an argument to be made that 1 winning bet can outshine 10 losing ones…

But if you mess up and miss a trade even once, your month can turn sour quickly.

Suffice to say, there’s a whole lot of stress & uncertainty.

Now don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into.

But what if you could build a different income stream, and start seeing profits within your first few days?

I’m talking about a system that doesn’t require:

  • Obsessively checking your phone and charts
  • The emotional turmoil of loss after loss, waiting for that win
  • Glorified gambling

Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?

A stream of income that you can build as high (or low) as you feel like building it, without spending every waking hour watching for alerts and pouring over charts?

If that sounds interesting, you might want to think about becoming a Digital Landlord.

If you wanna see what Cryptohopper looks like on the inside, keep reading.

What Is Cryptohopper?

What Is Cryptohopper

Cryptohopper is a cryptocurrency trading tool that lets you employ a trading bot in the background. A bot acts on your behalf when you trade, following your instructions and making the trades.

According to the business, more than 140,000 users have used the service since its inception in 2017.

I’ll dive into this deeper later, but it’s important to note that Cryptohopper is really only semi-automated.

This is an important clarification because the trading bot is only as good as you can program it. It’s not going to churn out money unless you know what you’re doing.

For example, if you program the bot to buy bitcoin every time it drops 10% in price, that’s exactly what it will do…nothing more, nothing less.

Ultimately there is no guarantee that you will make money; you could just as easily lose money. That being said, Cryptohopper is currently compatible with eight different cryptocurrency exchanges.

They are: Binance, Bittrex, KuCoin, Coinbase Pro, and Bitfinex.

With levels of liquidity like these… it’s easy for your bot to achieve your goals 24 / 7.

One of the best parts about Cryptohopper is how flexible it makes the life of a trading expert. For those who have spent years in the online trading space and are looking to free up their time…

Cryptohopper provides a way to program a bot with your exact moves and requirements in mind!

So the big picture here is that you can program a bot with your secret sauce trading process to work for you ’round the clock while you are out there enjoying life as you should be!

But don’t get too down if you don’t have any trading experience…

The Cryptohopper marketplace offers automated strategies you can purchase in the store and apply to your Cryptohopper trading bot!

Lastly, Cryptohopper is a service you pay for at the end of the day. They have three different plans listed anywhere from $19 to $99 a month based on your needs and goals.

Who Created Cryptohopper?

Ruud Feltkamp Of Cryptohopper

Ruud Feltkamp, a well-known Dutch entrepreneur, worked with his brother Pim Feltkamp, a talented web developer, to build Cryptohopper with the typical user in mind.

They sought to make cryptocurrency trading accessible to anybody, regardless of their expertise.

Ruud Feltkamp and Pim have succeeded in bringing cryptocurrency trading to people with all experience levels.

So now that you know a little more about Cryptohopper let’s dive in a bit deeper about how the automated bot process works.

How Does Automated Trading With Cryptohopper Work?

How Does Automated Trading With Cryptohopper Work

You must first understand the semi-automated trading bot before I can go on.

There is a widespread fallacy in the financial markets that you can release a new trading bot into the market and expect it to earn for you right away…

To put it another way, that’s completely untrue.

Trading bots only work how they are programmed. That’s why it’s important to have a proven trading strategy in place before setting that bot loose.

For example, let’s say that you have found a great strategy with small amounts of bitcoin trading during the day as it swings up and down.

Instead of sitting at your computer all day staring at a screen…you could implement your exact strategies in the bot that will run relentlessly for you.

This is exactly why Cryptohopper was designed. It’s a trading process designed for you to leverage your time. Thanks to this platform, you no longer have to watch the market and its signals all day.

Another perk that comes along inherently with Cryptohopper is that it can execute trades with no emotional involvement, which is what a lot of traders can and have suffered from.

Market volatility has led to long-term losses for people because they start trying to see signals where there are none; the bot will run your programmed instructions with no emotional attachment, which can save you big time!

Automated Bot Features

Automated Bot Features

If you’re still interested in Cryptohopper and their automatic trading bot… To save you time, I’ve compiled a summary of some of the bot’s most important features:

  • Bull Market: If your bot is operating in a potential bull market, you can use the trailing stop loss feature. This trailing stop loss feature allows you to protect your upward gain with an adjustable stop-loss, which means you can exit the market when the market correction does indeed take place. The bot also searches for pricing targets, and you can automatically place trading profits into a reserve fund.
  • Bear Market: If the market looks like it’s taking a turn for the worse, you can instruct your bot to exit at a downward trend fully. And, as long as you’re using an eligible exchange, you can tell your bot to engage in short selling.
  • If you believe it’s only in the bear market for a short time, you can program the cryptocurrency trading bots to facilitate dollar-cost averaging.
  • Consolidation Periods: This is perhaps the market in which people should want crypto trading bots the most. When the market goes sideways, you can program your bot to enter short-term trades as a currency as bitcoin fluctuates. And we all know how much bitcoin loves to fluctuate. This is a great opportunity to score micro profits.

Programming Your Cryptohopper Bot

Programming Your Cryptohopper Bot

Always remember that the quality of your Cryptohopper trading bot depends entirely on how well you program it. It will only operate by the parameters that you have chosen.

If it makes money, great; if not, well, you’re SOL.

In terms of its design process, however, think of the “if/then” function found within an Excel spreadsheet.

The “IF” is your market trigger, and the “THEN” is what your cryptocurrency trading bot should do when the trigger is activated.

Let’s use an example…let’s say that part of your strategy involves bitcoin hitting $20,000. This is your trigger. You set the crypto trading bot to trigger at $20,200, so it’s a truly convincing break.

Now you would need to focus on the “THEN”. For example, you could tell it to engage in a trailing stop loss every time bitcoin increases by $1000.

You can also program your bot to adjust your trailing stop loss and exit when necessary. This is why using Cryptohopper as your cryptocurrency trading bot platform is so convenient…

It can do all these measures for you!

Drag And Drop

To make creating your bot using Cryptohopper even simpler, they’ve included a drag-and-drop interface.

Yep, you hear it right!

You don’t need any background in coding to make your bot exactly how you want it. You can tell it to buy or sell and list its different triggers with just a few clicks.

I give it a 9/10 for ease of use!

Technical Analysis

As an experienced cryptocurrency trader, you already know why technical analysis is crucial to success.

Thankfully Cryptohopper allows you to integrate more than 130 different technical analysis indicators into your trading bots. This includes the likes of EMA, RSi, hanged man, and parabolic SAR.

Beta Testing

Any technical analysis is useless if you can’t put it to the test in various settings. To set your freshly created bot to the test, the Cryptohopper platform has a built-in testing center.

This means that according to your technical analysis, you can test, test, and test again to ensure your automated trading bot is working as intended.

The best part about this technical analysis beta testing is that you don’t have to risk any of your own funds!

In this beta testing hub, you create and test all sorts of automated trading bots.

How Beginner Friendly Is Cryptohopper?

How Beginner Friendly Is Cryptohopper

You may use Cryptohopper even if you are a beginner in cryptocurrency. A drag-and-drop interface like this makes trading much simpler once you get the feel of it, as I have previously said.

As a new cryptocurrency investor, it can be difficult when you see all these different companies advertise their automated trading bots that promise huge returns.

In fact, they tell you success is up to you and your skills. However, you shouldn’t run from it just because they don’t make any promises.

That’s actually a reason why you should trust them. There are many different automatic trading bot companies out there that will try to scam an aspiring day trader off of often temporary market conditions.

Cryptohopper is not one of those companies.

All different platforms have their pros/cons, and Cryptohopper has a pros/cons list with pros much exceeding that of their competitors.

If you are a beginner day trader, you will find that this is a great platform to use on your way as you become a more experienced trader.

Cryptohopper Marketplace

Cryptohopper Marketplace

Using the Cryptohopper platform‘s new functionality is fantastic. And it’s especially beneficial if you’re just getting started. Other users’ automatic trading systems are available for purchase.

Beginners don’t need to worry about creating their trading strategies when they can get pre-made ones from some of the best strategy traders.

Some are free, and some come with a nice little price tag, but you have bots available to purchase in the marketplace, and all of them come with unique advantages and disadvantages.

Most importantly, you can see complete transparent info about the bot, its trading strategies, and its track record before committing

If that wasn’t enough, you could also see real users post their reviews about the bot and even more information.

Now even though the bot might have a solid track record…it’s still no guarantee that you’ll make money. Always exercise caution when you use someone else’s strategy.

What I also like about the marketplace is that you can use what the initial strategy designer made as a template that you can start with and form your own adjustments.

How Does Cryptobot Trade?

How Does Cryptobot Trade

If you’ve read my Cryptohopper review up to this point, then you are well aware of what the platform offers; how the bot trades depends on what you want.

Are you interested in mirror trading or any kind of mirror trading? What about a strategy based around a bear market or bull market.

What kind of technical indicators do you want to be programmed into your bot. Do you want it to buy And sell or buy OR sell?

Cryptohopper offers a bot for every personality type you can come up with.

Regardless of whatever strategy you choose, you need to understand how the bot implements those types of trades. 

To start, you should note that you don’t have to upload funds to the Cryptohopper platform. Cryptohopper offers the ability to use different exchanges like Coinbase Pro.

For example, if you want your bot to execute trades, then you need to upload funds to your Coinbase Pro account.

This also brings up another good strategy called exchange arbitrage. 

If you have accounts on multiple different exchanges, you can program the bot to look for exchange arbitrage opportunities between the two.

But how does the Cryptohopper bot have the authority to trade on my behalf?

You need to link your external exchange API with your Cryptohopper account. This process will vary from exchange to exchange, but in most cases, you’ll have your API details in your account settings portal.

Lastly, just head over to your Cryptohopper account, enter the exchange account API credentials, and your bot is all set to make trades for you!

Do Crypto Bots Actually Work?

Do Crypto Bots Actually Work

It’s not my place to give investment advice, but crypto bots do actually work…however, you typically have to be a high-level strategy designer or have some solid trading experience to see a good profit.

You can’t just program your bot to buy and sell at random; the signals you pick to execute trades need to be backed with strategy.

If you just make random trades and buy or sell randomly, you will not see any profit.

You need to have a solid process in place, and it wouldn’t hurt to have some portfolio management skills.

Here are some pros and cons of crypto bots:

Pros: 

PROS

  • Saves a lot of time
  • Perfect those with a successful strategy process in place
  • Access to the trading accounts and cryptocurrency exchanges all the time

Cons:

Cons

  • Cryptocurrencies are volatile
  • Strategies and trading changes every day
  • Signals today might not be signals tomorrow

How Compatible Is Cryptohopper With Other Coins?

How Compatible Is Cryptohopper With Other Coins

As of writing this, Cryptohopper is known to be compatible with 75 different cryptocurrencies. This includes major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and several smaller cryptocurrencies.

Cryptohopper also works with several different exchange account companies. In fact, I’ve have found eight exchange account companies they work with.

  • Binance
  • Bitfinex
  • Bittrex
  • Coinbase Pro
  • Huobi
  • Kraken
  • KuCoin
  • Poloniex

Having more than one exchange account can be beneficial since cryptocurrency exchanges can often allow for some arbitrage trades you can profit from.

How Much Does Cryptohopper Cost?

Is It Worth It

Cryptohopper Pricing:

The Cryptohopper platform comes with three main account levels and pricing plans. This includes the Explorer Hopper at $19 per month, Adventure Hopper at $49 per month, and the top of line – Hero Hopper, at $99 per month. The account level that is right for you depends on your trading needs.

The first-level Explorer account allows you to have up to 80 trading positions open at a time, which will honestly be enough for the average person. 

Because this is the cheapest plan, you can only trade 15 selected coins, with a two-trigger max. This level of Cryptohopper trades at 10-minute intervals.

If you believe that any of those numbers may slow you down with trading strategies…then the Adventure Hopper plan might just be what the trading account doctor ordered at just $49 a month.

You can have 200 trades open at a time, and trade 50 selected coins if 15 selected coins wasn’t enough.

Furthermore…you can have 5 different signals and execute trading strategies every 5 minutes!

If you think those first two options won’t match your needs with your Cryptohopper bot, then the $99 per month Hero Hoper plan is as good as it gets!

You will be allowed 500 open trades and 75 coins! Well up and above the 15 selected coins and 50 selected coins in the other two plans.

With the hero hopper plan you can get 10 triggers and act on your technical indicators every two minutes.

As a bonus, the hero hopper plan allows you to extract trading signals for all coins…this especially helps with arbitrage-type strategies.

To pay for your monthly subscription Paypal is the most common, but you can pay for it with cryptocurrency now as well.

Finally, Cryptohopper offers a 7-day free trial. The trial mirrors the first-level explorer hopper package, basically giving you a nice feel for the platform without spending money.

A great strategy if you ask me.

What I liked most about this free trial was that they require any payment details, so it really is a free trial!

Cryptohopper Customer Service

Cryptohopper Customer Reviews And Customer Service

There is an email that you can send help requests to, support@cryptohopper.com and an online help form you can fill out. However, I was disappointed to find out that there was no live help or phone line to call.

Cryptohopper does seem to be welcomed positively among the public. However, their trust pilot score of 6.1/10 is a bit concerning. To be fair, though…that’s only speaking from 4 reviews…clearly not enough to make a full judgment just yet.

At the end of the day, there are no issues with the software itself, at least any that can be found or reported. The Cryptohopper bot acts exactly as it’s supposed to with cryptocurrency exchanges.

There are no complaints about the pricing plans either.

Is Automated Trading Legal?

Is It Legal

Yes, it’s legal. It’s no different than if you were in front of the computer yourself all day, but with the advantage of creating a program that implements your trading strategy for you.

Is Cryptohopper Safe?

Is Cryptohopper Safe

Cryptohopper is safe; because of its crypto nature, you can rest assured that it will be more than difficult for a third party to hack your account.

In fact, in general, crypto secured methods are amongst the toughest to break into cyber security because of needing access to public and private keys. A third party wouldn’t just be able to hack by brute force.

You also always remain in full control of your Cryptohopper. No third party can influence it in one way or another against what you have programmed it.

Can You Make Money With Cryptohopper?

Digital Landlord Better Than Cryptohopper

You can make money with it, especially with a trailing stop loss or even with strategies you can buy from the marketplace. Many different people have made money with it so far, and considering the platform is 3 years old, it still has much more money to help people make.

You can certainly make money with cryptocurrency, but if you’re gonna put in the amount of grueling work to become a cryptocurrency trader (which, trust me, isn’t easy), you might as well bring in some REAL money.

The program that helped skyrocket my online business to $40,000+ per month teaches some of the same investing skills but shows you how to monetize them in a much, MUCH more profitable way.

Cryptohopper Review: Would I Buy It?

Would I Buy It

Although Cryptohopper is a great product for those interested in trading cryptocurrency if making money through a form of passive income is what you’re after, then it isn’t my first choice.

If you want to make money specifically with cryptocurrency: BUY IT

If you want to make consistent passive income without worrying about volatility: DON’T BUY IT!

There is a better way to make passive income…

Are There Alternatives To Cryptohopper?

Other Business Models To Choose From

Yes, there are plenty of other business models to choose from if you want to pursue this making money online.  Here are just a few:

Is Cryptohopper A Scam?

Is It A Scam

Alright, time for the $1,000,000 question: is Cryptohopper a scam?

No, not technically. You can 100% make money with it, but it’s not NEARLY as simple as Ruud And Pim Feltkamp want you to think it is.

With financial products, you need to understand that you are taking a very big risk.

So while it’s entirely possible that you hit the big leagues and retire to a vineyard… the path to get there is so stressful, it might just shave a decade off your life… IF you even get there.

A friend of mine actually writes advertisements for one of the largest financial program advertisers in the world… so believe me when I say: most of the awesome numbers they use in their ads & landing pages are borderline false.

What they conveniently leave out are the dozens of losing bets and trades that came before the big win you’re reading about.

Now, most people don’t have the emotional bandwidth to stick out 3 months of back-to-back losses before (hopefully) getting a big win.

I’d rather use that 3 months of work (in my spare time) building Digital Rental Properties, and then collect a handful of nice little $500-$2,000 checks every single month afterward (AKA passive income).

And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).

You can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.

All you need is a laptop and an internet connection.

Some of my friends are Digital Landlords that run their 6-figure businesses from:

  • Camping trips at national parks
  • Beachfront in Hawaii
  • On the road in a camper-van (with a pet pig!)

They focus on living an enjoyable life first, and focus on income second. All thanks to this program

They can take weeks or months off, and money keeps rolling in.

Living happily is the top priority.

If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!

What’s Better Than Cryptohopper?

Make Money Online With Digital Landlord

I’ve personally tried all of the major online business models:

  • I’ve traded crypto & purchased a bunch of fancy “insider stock tip” newsletters
  • I’ve sold fidget spinners through Amazon FBA
  • I’ve dropshipped a toilet bowl putting green on Shopify
  • I’ve sold women’s health supplements via Clickbank affiliate marketing

And I made money with all of them, so trust me when I say: there is no “perfect” business model.

That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.

Whether you’re a complete newbie or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.

Why?

1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.

And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.

That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.

But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.

2) You Own & Control EVERYTHING: When it comes to the markets, nothing is in your control. You have zero influence over market-shifting macro-economic trends.

The number of people that have consistently beat the market can be counted on one hand.

Why pour your soul into a business that you realistically have zero control over?

When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.

3) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…

If you wanted to double your income in the markets, you would need to make twice as many winning trades, or double your profit on each trade. And I can guarantee you that’s a lot harder than a few clicks & a phone call.

4) Make Money Helping Real People: When you make money in the markets, you’re not really helping anyone but yourself. There is a loser on the other end of that trade.

But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:

Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.

You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.

Having this type of impact on the world is what will help you sleep soundly at night.

So, the rest is up to you. You could keep looking at other programs like Cryptohopper, which might make you money if you luck out.

You could keep researching and researching for the next few months (or few years), never making a concrete decision.

OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.

Making a fortune while actually helping real people that need it.

If this sounds like you, click here to see how it all works.

Table of Contents

Best of The Week Testimonial

Hi, I'm Hope!

I make over $20,000/mo thanks to this platform… check it out below!

hope