What is Cryptohopper?

Cryptohopper is a trading bot that claims to allow traders to capitalize on trading opportunities in the cryptocurrency markets. The software enables both automatic and semi-automatic trading. In auto trading, the app carries out investment research and automatically places trades. 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 cryptocurrency traders and recommend them to users. This approach is known as copy trading and is popular in forex & stock trading. With the semi-automated approach, users are responsible for determining which trading strategies to apply in their accounts.

How does Cryptohopper work?

Cryptohopper provides both fully automated and semi-automated cryptocurrency 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.

Cryptohopper provides high-quality trading signals to traders. These signals are sourced from the best of cryptocurrency 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.

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 going into negative. When trading on margin, never deposit an amount you cannot afford to lose.