If you’re looking to get started with crypto trading, Cryptohopper is one of the most trusted and user-friendly platforms available. In this guide, we’ll walk you through everything you need to know to begin your trading journey on Cryptohopper!
Step 1: Sign Up for Cryptohopper
Head over to 👉 cryptohopper.com and click the “Start Free Trial” or “Sign Up” button. Both options will get you started on the platform.
Once you click the button, you’ll be directed to a registration form.
Step 2: Fill Out Your Details
You’ll need to provide some basic information about yourself, including your full name and country. As you complete this step, you might notice that Cryptohopper has a solid reputation with a 4.2 out of 5 rating on TrustPilot. From my experience, Cryptohopper is one of the most reliable and user-friendly crypto trading bots available. I’ve been using them since their inception, and I haven’t encountered any issues. Their TrustPilot rating reflects this positive experience.
Step 3: Choose Your Exchange
The next step is to select the crypto exchange you want your bot to trade on. Cryptohopper supports multiple exchanges, and some offer a “fast connect” feature. This means that certain exchanges have a direct relationship with Cryptohopper, allowing for a seamless setup of your API keys.
What are API keys?
API keys are unique codes provided by your chosen exchange that allow the trading bot to access your account for trading purposes. These keys enable the bot to execute trades without the ability to withdraw funds, ensuring your crypto assets remain safe.
If you’re new to crypto trading and already have an account with one of the supported exchanges, you can simply select it. However, if you don’t have an account yet, I recommend signing up with a reputable exchange like KuCoin.
Personally, I recommend setting up your API keys manually so you can familiarize yourself with the process. This is especially helpful if you ever decide to trade on other exchanges in the future.
Example: Create an API key on KuCoin?
- Visit KuCoin and log in or sign up
- Go to your profile > “Account Security” > “API Management” > “Create API”.
- Name your API Key, set a Passphrase, and enable “Spot trading” with IP restriction. Paste IPs.
- Enter security details and confirm.
- Finalize by entering API Key, API Secret, and API Passphrase.
- Confirm on KuCoin, then “Connect to KuCoin” in Cryptohopper.
Pro Tip: When choosing the exchange, make sure it supports the cryptocurrency pairs you wish to trade. Some exchanges may have better liquidity for certain pairs than others.
Step 4: Select Your Trading Currency
Next, you’ll be asked to choose the currency you want to accumulate from your trades. For example, if your goal is to make USD, it’s a good idea to select Tether (USDT) as your trading currency, as it’s pegged 1:1 to the US dollar and widely supported across exchanges.
Step 5: Choose Your Bot
Now it’s time to choose the type of trading bot you want to use. Cryptohopper offers several bot options, each designed for different levels of experience and trading strategies. Here are some of the most popular options:
Copy Trading Bot (Beginner-Friendly)
This is the easiest bot to set up and use. It allows you to copy the trading strategies of other successful traders. The bot comes preconfigured with settings, and all you need to do is activate it to start trading.
Copy Trading Bot is an excellent choice for beginners, as it removes the complexity of manual strategy creation. Simply select a successful trader to copy, and the bot will follow their trades automatically.
That’s it for $34.99/month you’re good to go!
Trading Signals Bot
If you want to follow professional market analysis without having to develop your own strategies, the Trading Signals Bot is an excellent option. This bot lets you automatically follow signals from top traders and expert analysts. Cryptohopper partners with reputable signal providers, allowing you to use real-time buy and sell recommendations directly within your bot. This feature is perfect for those who prefer to have signals guide their trading decisions rather than manually picking trades.
Finally pick the subscription of your choice
Quick Bot Builder
For those looking for a faster, more intuitive setup without sacrificing control, the Quick Bot Builder is the perfect tool. With this feature, you can create a custom bot in just a few clicks using a simple, guided interface. It simplifies the process of setting up a bot by providing pre-configured options, so you don’t need to worry about complex strategies or technical details. Whether you’re new to trading or want to save time, the Quick Bot Builder helps you launch a bot quickly with minimal setup.
All that’s left to decide is how much risk you’re willing to take. Generally, higher risk can lead to higher returns, but it also means riskier trades. Conversely, lower risk usually results in more stable trades but with lower potential returns.
Finally pick the subscription of your choice.
Custom Bot
For more experienced traders who want to have complete control over their trading strategies, the Custom Bot offers unparalleled flexibility. With this option, you can fully customize your bot’s settings to suit your unique trading style. You can define parameters like technical indicators, risk management strategies, trading pairs, and more. If you want a bot that aligns perfectly with your trading goals, the Custom Bot allows you to build your ideal strategy from the ground up. This is the best choice if you’re looking to create a truly personalized trading experience.
By following these steps, you’ll be ready to start trading on Cryptohopper in no time. Whether you’re a beginner or an experienced trader, Cryptohopper offers a range of features designed to help you trade smarter and more efficiently.
I’ll go into more detail on how to setup a bot using the Quick bot builder and a Custom bot in a following article.
Final Thoughts: Why Choose Cryptohopper?
Cryptohopper is an intuitive, powerful platform with a solid reputation among crypto traders. It offers a variety of tools that cater to different levels of expertise, from beginners to advanced users. Whether you want to automate your trades with a simple bot or customize your strategies for more control, Cryptohopper is an excellent choice for anyone looking to dive into the world of crypto trading.
The above references an opinion and is for information purposes only. It is not intended to be investment advice and may contain affiliate links. Seek a duly licensed professional for investment advice.
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