Many people are apprehensive about the use of advanced cryptocurrency trading software such as Cryptohopper, which is understandable. Given the volatility of the cryptocurrency market, it is understood that investments will always be dangerous, particularly for new users who have little or no trading expertise. There has been a great deal of debate about the legality and legitimacy of the Cryptohopper cryptocurrency trading platform. Begin by looking into what Cryptohopper is, how this trading platform works, and whether Cryptohopper is a scam or legit robot in this Cryptohopper review 2021.
Cryptohopper at a Glance
|Supported Cryptocurrencies||BTC, ETH, BCH, LTE|
Cryptohopper Review: What is Cryptohopper?
Crypto Hopper is a cryptocurrency trading software that is reportedly designed to assist individuals who have never traded before in the cryptocurrency market in making gains in the market. The trading program is said to be powered by “intelligent technology,” which includes machine learning and artificial intelligence. It was formed by a group of bitcoin traders who promise to be able to give you trading signals that will, according to them, ensure that you win almost every deal you make. The accuracy of the signals is stated to be 99.4%, which has the potential to make you a millionaire, and membership in this trading group is completely free of charge.
Cryptohopper: Legit or A Scam?
Software, such as Crypto Hopper, will not make you a multi-millionaire overnight. It will not only not make you any money, but it will cause you to lose money as well. It is a fraud that clones the original bitcoin trading platforms on which bitcoin is traded. Scammers changed the name of the original website; as a result, you will be influenced away by the appearance of the website, which is identical to some of the genuine websites.
A 99% success rate is claimed by the robot’s developers, and there is absolutely no way that this can be accurate, according to the experts. We have also heard that the platform is backed by news and media outlets such as Forbes, however, we have been unable to locate any evidence to support this claim.
Unfortunately, we could not confirm this software to be legitimate as it turns out to be a scam that was designed to scam people of their money. We would not recommend that you use this software.
This trading software will occasionally allow you to test it out in a demo mode, but the demo mode will use fictitious pricing. As a result, it generates profits that are fictitious and would never occur in a genuine trading environment. Because real users of the software have told us so, we can be certain that it is losing money when used to trade real markets with real money.
The Crypto Hopper’s website contains testimonials and reviews that are reportedly provided by real consumers who have used the service. However, this is not the case. The truth is that stock images were used and the scammers simply made up all of the testimonies themselves.
The brokers are not regulated in any way. If you send your money, they will make certain that you do not receive it and that you never do. All of these scams work in the same way: they trick you into sending money to questionable companies who will retain it.
Cryptohopper is meant to be free, but unfortunately, it is not the case. The usage of the technique is subject to one condition: you must make a deposit of at least $250 with a broker of your choice before you can start trading.
Deposit and Withdrawals
They will tell you a lot of things to encourage you to deposit money in their account. However, every time you make a deposit, your money will be forfeited. After that, you will receive calls requesting you to make another deposit. They will claim that there was a technical fault or an unexpected event in the markets, and they will vow that things would be different this time around. However, the outcome will be the same every time: you will send them money and they will lose your money. They will keep everything you put down as a deposit and give you absolutely nothing in exchange.
How to Create a Cryptohopper Account
Step 1: Registration
First and foremost, you must register on the Cryptohopper website by providing your name and email address. When you proceed to the second stage, they will ask you for your telephone number as well as a password so that they may set up an account just for you. Following the creation of your account, you will be referred to a broker and requested to deposit your own money. It will be a precondition in the future. You may not be able to use the software if you do not meet the requirements.
Step 2: Deposit Funds
After completing the registration process, you will be prompted to make a deposit, which must be completed before you can use the live trading feature. They guarantee that your sensitive information is encrypted and protected on the site because the site has an SSL certificate, which ensures that the site is encrypted. Take this information with a grain of salt, as it might be misleading.
Step 3: Demo Account
The demo is easy to use and will make a substantial amount of revenue. You won’t have anything to do if everything runs on autopilot. As a result, you’ll have the idea that the platform is extremely profitable. However, this is not the case. This demo makes use of fictitious prices to generate profits that would be impossible to achieve in real trading. If you are not an experienced trader who can compare independent price feeds, you will not be able to recognize this filthy tactic. Because the demo generates a large number of profitable trades, the majority of people will undoubtedly conclude that the robot is profitable at this stage. As a result, they will go to the following level, which will result in them incurring financial losses.
Step 4: Trade for Real
After you have practiced with the demo account, and you have been convinced that the robot is a profitable one, you will be taken to a real trading environment. According to what most users have said, what you find will not be as accurate as what you experienced in the demo trading. They also confirmed that the robot doesn’t seem to be as efficient as proclaimed.
Cryptohopper – Why not choose this robot
The program operates as an anonymous service, and it is not known who is behind it. Furthermore, it is not licensed by any financial regulatory authority.
The robots promise to make users millionaires however, the software is not even profitable for users as many say they have never been able to withdraw their earnings.
Their customer support responds well, according to the reports. However, they don’t usually have good news as they only call to tell you to invest more money into the system.
|Easy registration and verification||Unlicensed software|
|Dishonest about robot’s efficiency|
|Misleading Marketing techniques|
Best Alternative of Cryptohopper
The best alternative to Cryptohopper is the Bitcoin Loophole trading platform.
Bitcoin Loophole is a crypto trading platform that uses software that can accurately predict movements and changes in the crypto market, and it is said to outperform most other popular trading systems. This robot’s algorithm is capable of making several trades each minute. It is estimated that it can trade thousands of times every minute.
Which Countries is Cryptohopper in?
United States: Even though this robot is not available in all countries, its doors are open to traders in the US. Traders can visit the official website of the platform, where they can open an account easily without hassle.
UK: Cryptohopper’s services are available for UK traders, to have access to these services, you need to open an account. Just follow our account creation procedure above to get started. It requires only a £250 investment as capital to get started.
Australia: Australian citizens are also eligible for Cryptohopper’s services. Cryptohopper Australia offers easy platform registration and use.
Germany: Trading the crypto market in Germany has now been made easy with the Cryptohopper. The software will help German traders read and analyze the market trend, predict profitable trades, and help them reduce loss.
How Much Money Can I Make Using Cryptohopper?
Cryptohopper can make you a lot of promises on how much you can earn on their platform. However, they are reputable for not having fulfilled these promises. Many users have reported that whenever they call or reach out to support, they are told that it is a glitch and that they should try again. And every time, they come up with different excuses for their inability to payout.
Why Should I Use a Bitcoin Loophole Instead of Cryptohoppper
The platform assures that user data and payments are kept in the strictest of confidence. This eliminates the possibility of your account being hacked by cybercriminals in the future. To encrypt data strongly and keep hackers at bay, Bitcoin Loophole makes use of contemporary encryption methods.
The platform has a customer support team that is available 24 hours a day, seven days a week. Customer service is so quick to respond that you will obtain a response within minutes of placing a help request on the website.
Bitcoin Loophole uses time-jump technology to implement 0.01 trade signals ahead of the market, allowing it to outperform the market. This capacity allows the software to detect swings in the market with great precision, which is beneficial for traders.
Completely free software
Bitcoin Loophole, in contrast to traditional bitcoin (or other cryptocurrencies) exchanges and trading platforms, is completely free to use. They don’t charge any fees or commissions for their services. There are also no hidden fees or expenses.
It is easy to register
Bitcoin Loophole registration is an easy process that takes only a few minutes. The Know Your Customer (KYC) procedures and user verification are not complicated. Your username, email address, and telephone number are the only things that are required.
Is Cryptohopper Right for Me?
No, it is not. Make a point of staying away from this robot, and don’t even bother registering for such programs with your genuine personal information. Never offer your real credentials even if they ask. You can use bogus information and a garbage e-mail address to see what they are talking about.
Worthy Tips for Beginners to Make Positive Returns Using Bitcoin Robots
Learn more about how to trade cryptocurrencies
It’s crucial to keep in mind that learning the foundations of trading takes time and effort. Even if you plan to trade utilizing bitcoin robots as your platform, you’ll need to comprehend a few fundamental fundamentals to get started. You won’t have any trouble getting started because the great majority of the information you’ll require is included in most bitcoin robots.
Learn everything there is to know about the cryptocurrencies you want to trade
You can design stronger trading strategies based on how the asset’s performance has changed over time if you have a deeper understanding of your favourite asset. Inadequate knowledge of the object you’re trading, on the other hand, may expose you to higher trading risks, increasing the likelihood that your investment will lose money.
You should only invest money you can afford to lose
When rookie traders begin trading, they frequently make significant initial deposits in the hopes of reaping larger returns later. Increased investment quantities can lead to larger rewards, but they can also raise your risk of losing money. Beginners should make every effort to be as safe as possible while learning the principles of trading, which is why they should start modest and gradually raise their investment as their expertise grows.
After each winning deal, always make a profit and deposit it in your account. This will make determining the difference between your invested capital and your profit easy.
You can trade at any hour of the day or night because the trading platform is always available online. Nothing stands in the way of you carrying out your regular business. Spending at least 20 minutes every day on the platform is all that is required.
Why are Bitcoin Robots Profitable?
Bitcoin bots are software programs that purchase and sell cryptocurrency considerably more quickly than people can, making them far more efficient than manual cryptocurrency trading in terms of timing. If you’re employing a trading indicator, a trading bot can help you place more precise market orders on the stock exchanges.
One of the major differences between bots and humans is their ability to operate continuously and consistently in response to certain signs. In this regard, robots far outperform humans. When dealing with cryptocurrencies, maintaining your trading discipline can be difficult; as a result, using a trading bot reduces the risk of indulging in emotional trading.
Speed is critical in the Bitcoin trading process, as it is in the majority of other financial transactions. As a result, Bitcoin trading bots might raise your efficiency by maximizing your profits by trading at the optimal time.
Possible Risks when Trading with Cryptohopper
No trading platform exists that is completely risk-free. The only method to limit the danger of losing money on a trade is to use a trading platform to stop losses. Even though Crypto System has created a method in which the risk of losing money is incredibly low, there is still a potential that you will lose money. We recommend that when trading, you take your profit as soon as feasible and invest wisely. Don’t put your own money into it; instead, put your spare cash in it, and don’t be greedy.
Loss of funds
Since Cryptohopper is a bitcoin scam investment, you are in danger of losing your money. Hence, we advise you not to attempt it
Does Cryptohopper have a mobile?
The Cryptohopper is a web-based tool that can be viewed from desktop computers as well as smartphones and tablets.
Has Cryptohopper Been Featured on the Media or Endorsed by a Celebrity?
Cryptohopper has a lot of positive reviews on Trustpilot. Trustpilot has given the Cryptohopper App a favourable review. Even though the pilot was rated poorly by Cryptohopper Trust. Two of the most prevalent concerns are excessive phone calls and other communication issues.
Cryptohopper was allegedly shown on various TV shows, according to many Reddit threads. There is no proof to back up their assertions because Cryptohopper has not made that information publicly available.
Some external sources have it that Tradingview has listed this robot on its site, but after checking the site thoroughly, we found nothing relating to Tradingview. Therefore, we believe that these rumours are not true.
Some telegram channels have also been promoting this platform. However, we believe there are partners of the con artists behind the platform.
There were many tweets on Twitter that have claimed that some celebrities endorsed the robot. However, after looking into the mentioned celebrities, we found no tie between them.
Uniswap being one of the most trusted sites in the crypto world hence people would believe any news from there. Many people invested in Cryptohopper because of the rumours that Uniswap endorsed it. However, we do not have any evidence for that as we couldn’t find anything about Cryptohopper on the Uniswap website.
The rumours have it that Forbes published a post on Cryptohopper which is a sign of endorsement of the site. But there is no such thing on Forbes’ website, according to our research. Hence the rumours are not true.
Cryptohopper Kucoin Futures
Some websites have claimed that Cryptohopper has appeared on the Kucoin Future. According to our research, however, this is not true.
Cryptohopper Review: Our Conclusion
Cryptohopper is a scam, as we demonstrated in our review. It is not a trading platform that is profitable. We recommend that you keep away from it if you do not want to lose money. Get a free demo with a registered broker and start learning with virtual money if you want to attempt to make money with bitcoin trading. Before you can start investing real money, you must first establish a good trading strategy and get a thorough awareness of the hazards.
Top 3 Alternative Bitcoin Robots:
Is Cryptohopper easy to use?
How Quick Can I Make Money On Cryptohopper?
How Many Trades Can I Do Daily with Cryptohopper?
About James Diko PRO INVESTOR
James Diko is a content writer/editor and also a Crypto enthusiast with years of experience as an investor/trader in the crypto market. James believes Cryptocurrency is the future of the Fintech industry, and it is his passion to enlighten people about it. As a result, James has written articles on many aspects of the Cryptoverse through thorough research and analysis, reviewing different trading platforms including crypto trading, forex, and stock trading. Now, James writes honest reviews about trading platforms and automated trading tools to guide inexperienced traders and help intending users make good choices.