Trading Bot

Cryptohopper

Cryptohopper Review

Many people are looking for lucrative sources of income. Undoubtedly, cryptocurrencies can be such. But what happens if the price moves sideways or even falls for a long time? Many then let the coins just rest or sell in panic. Both are not ideal. A Bitcoin Trading Bot can provide the solution. This so-called bot acts cryptocurrency (not just bitoin) completely automatically. That means you can turn to other things and let the trading bot work. The interesting thing is that even in a bear market, this bot can make a good return on falling prices. A well-known trading bot is that of Cryptohopper.

Cryptohopper: One of the best known Bitcoin trading bots in the test

Is Cryptohopper reliable?

➤ Crypto-invest.io has tested the bot. The bot is serious, there is nothing wrong with it.

➤ Cryptohopper is not a scam, all processes are very trustworthy

➤ Crypto-invest.io recommends the medium package, it is ideal for beginners in the price / performance ratio

You can test the bot here or read on and learn more about the trading bot

Trading Bot

There are many Bitcoin trading bots, so how do you choose one? There are some websites claiming that a particular Redite X is possible with the bot and the bot. Of course that is nonsense. A Bitcoin Trading Bot is not a goldmine that will give you some Redite X. Do not be blinded by such promises! Nevertheless, the Trading Bot can offer you a nice source of income. The return depends on many factors and can not be generalized. It is quite possible to make a lot of money with it and quite passively. The risk of losing money is much lower in the Trading Bot than just holding the coins, because as already mentioned, money can be made well in the bear market. But again, invest only money, which you are willing to lose. But now let’s take a closer look at Cryptohopper’s trading bot.

Why Cryptohopper?

Cryptohopper is probably one of the most famous trading bots on the market. The operation is very easy and the entry to profitable trading could not be easier. There you have the possibility to “copy” strategies of experts and that fully automated. That means even the adaptation of the strategy makes the bot by itself. Especially if you try this for the first time it is difficult to decide on a specific strategy, so it might be of great benefit to benefit from the experience of the professionals. In addition, Cryptohopper is cloud-based, so your computer does not have to be on 24/7, as is the case with non-cloud-based providers.

You can also join “signal groups” and react to trading signals. The Trading Bot is thus particularly well suited for beginners. If you want to learn how to trade yourself and get to know important trading indicators, you will find here the most important trading indicators.

In addition, Cryptohopper can now connect with almost all common Exchanges. For this, only the API key of the Exchanger with trading rights must be created and entered in Cryptohopper. This does not allow money to be sent to someone else. In addition, the bot may only trade and not withdraw money or the like. The connection to your stock market is very secure.

If you do not have an account on an exchange then you can check out Coinbase* and Binance*. It is with the largest & safest stock exchanges. All of crypto-invest.io have had very good experiences with these exchanges.

What’s the price?

You pay at Cryptohopper monthly. There are 3 different packages to choose from and a chance to test Cryptohopper for 7 days. The price range of the 3 packages is between $ 19 and $ 99 monthly. Here are the prices in detail:

The packages therefore differ in the maximum number:

  • open positions
  • selectable coins
  • adjustable trigger (which is something like a condition that a trade is executed, e.g., increase in price over a certain limit)
  • and finally time intervals in which to be traded

Which package is best for you, you have to decide for yourself. The medium package worth $ 49 a month is pretty good on the price / performance ratio (compared to the competition and the cheapest package). The medium package should therefore be completely sufficient for a normal. If that’s too expensive cryptohopper can even test for 7 days for free, or just buy the cheap version for $ 19. For professionals, the pro version is certainly worth $ 99, anyone who is not one of them, the medium version is enough.

crypto-invest.io tests cryptohoppers

Crypto-invest.io has tested the trading bot of Cryptohopper. The pro package was used for $ 99 for this test because you can trade the most coins here and build a lot of positions. At first we had set the strategy as the multiple technical analysis, as a sell signal we had set Stoch RSI, RSI and Bollinger as required. This procedure was so semi-good. Although we had a yield of 3.77% after 4 days, the indicators were partially in the way.

That’s why we changed the settings afterwards. We joined several “signal groups” and received very complex settings. At least on the first day of recruitment it was possible to make a return of 4.39%. Not bad at all! The further weekly average was then about 4% daily. In our experience 1-2% are really easy to reach, if you get a reasonable package and at least free signals to trade. Does not sound like much for you? But that’s not so much. It’s quite a bit, if you keep it that way throughout the year, you can soon retire!

Example what is possible with $ 1000 investment

Small calculation example at the end (taxation is omitted in this example for reasons of simplification). So you invest 1000$ and then makes it, for example. 1% daily. Then you would have it at the end due to the compound interest whopping 37.783,43$. That’s amazing! Not to mention what you could get out of it, you should create a higher return per day than 1%. But it is questionable whether it is possible to keep such a return constant over months or perhaps years.

What about the tax?

Are you worried about the tax if you decide to trade? There are now good ways to track the trades. Our tip is to use cointracking.info*, if you click on the link you will receive 10% on all account upgrades. Cointracking.info puts you together with a tax report, which you can use for the tax return.

At the end should be pointed out again, pay attention to your money! Invest only what you are willing to lose, because the risk of losing capital also remains with trading, even if you can minimize it.

Bitcoin Trading Bots

Top 3 Bitcoin Trading Bots

 

The 3 best trading bots in comparison

Trading bots automate bitcoin and altcoin trading and making it an interesting source of revenue. So it’s possible that the robot works for you and generates revenue.

At this point it is clearly refrained from saying that an xx% return is possible with a trading bot. Often one reads on Trading Bots comparison pages exact percentages how much return the bot supposedly generates. This is total nonsense. You just can not get a percentage, because it depends on many factors. How is the bot set? How does the market behave? Or simply how much specialist knowledge the person have, who operate the trading bot?

A trading bot can be very lucrative and the special thing about it is that it happens automatically. So, you can deal with other things, for example to build up more revenue streams.

The comparison

In this comparison there are the 3 top trading bots. All have their own characteristics. “Margin” stands out with very good performance and is the winner in this comparison. But also “crpytohopper” and the trading bot “gunbot” from CryptoBot do quite well.

What criteria was evaluated? 

In this comparison, the bots were rated according to the following criterias:

  1. User friendliness
  2. Setting diversity
  3. Price performance
  4. Which/How many exchanges are supported?
  5. Support

 

User friendliness 9.5/10

Margin scores the best in this category. The GUI is really great, anyone who is interested can get an idea of ​​it by downloading the demo version. In addition, the homepage of margin is worth mentioning. This is very professional and simple structured, so that you can orientate oneself easily. The information you need is very easy to find and on the homepage you can also find tutorials, if you need an explanation about the platform. Overall, margin gets here 9.5/10 points!

Setting diversity 8.5/10

The possibilities of the settings are enormous. However, it is in a balance so that one retains the overview, especially as a beginner. The variety of settings is completely sufficient, but there are bots with significantly more bells and whistles. There are all known indicators for analysis and 4 strategies to choose from. In addition, you can still add “tabs” at the edge, such as Reddit, for example, to follow discussions on Bitcoin. Another cool option is adding RSS feeds. So there are points in time on the chart provided with a kind of flag, which symbolizes  special events. So you can understand why the course suddenly falls or rises and how serious this is. Overall, margin gets here 8.5/10 points!

Price performance 10/10

In the Price performance category, margin is also the best. In particular, by the fact that the bot is currently still offered with a discount, this is for what he offers reasonably priced. $ 89 will cost a lifetime license for the starter version. This is perfectly adequate for beginners. Overall, margin gets here 10/10 points!

Supported exchanges 9.5/10

Margin supports up to 17 exchanges (Absolutely amazing!). Of the compared patforms, this is the platform with the most exchanges. (Huobipro, Bitstamp, Bitfinex, Bittrex, Poloniax, OKcoin, HitBTC, Binance, Kraken, Coinbase Pro, CEX, Ethfinex, Coinone, OKEx, CGEX, Bleutrade, DRAGONex coming soon). Indeed, there are all exchanges only from the “standard” package for $ 169. Before that, the access to only one exchange is possible (which is completely sufficient for beginners). Overall, margin gets here 9.5/10 points!

Support 9/10

It is very remarkable that you can see the whole team of margin on the homepage. So you see who is behind it. This provides high transparency and creates a higher sense of security. Moreover, there are additional tutorial videos on the homepage if you want to take a closer look at how the bot works. Margin also offers e-mail support and promises, according to the homepage, a first-class support with questions of ambiguity. Overall, margin gets here 9/10 points!

Overall, margin comes to an average score of 9.3/10!

User friendliness 9/10

Here is the homepage very clearly structured, so that you can find your way around well. Although Cryptohopper does not offer a demo version, but 7 days free use. The trading platform is very attractive and offers, for example, the possibility to also look at statistics about the trades carried out. Overall, Cryptohopper gets 9/10 points here!

Setting diversity 9/10

Cryptohopper offers a lot of settings. However, you can’t see directly the parameters and strategies, which are adjusted, in the chart as it is e.g. at margin. Then you can experiment in the field “Backtesting” for example the max. profit that you would have achieved in the past choosing this settings. Overall, Cryptohopper gets 9/10 points here!

Price performance 8/10

For what Cryptohopper offers the price is perfectly OK. Though, compared to margin, Cryptohopper performs poorly in this category. The starter version costs $ 19 per month here. If it’s all about the price, then Cryptohopper is worth it compared to margin only if you use it less than 5 months, because after 5 months the price (5×19 $ = $ 95) exceeds the lifetime license fee of margin from $ 89. Overall, Cryptohopper gets here 8/10 points!

Supported exchanges 9.5/10

Cryptohopper supports 9 exchanges (Huobi, Binance, Poloniax, Bittrex, Coinbase Pro, Kraken, Bitfinex, KuCoin, Cryptopia). It does not matter which package you choose, you have access to all exchanges. Overall, Cryptohopper gets 9.5/10 points here!

Support 9/10

Cryptohopper offers e-mail support and video tutorials. They also write regularly on their own blog, which also contains a lot of useful information. Overall, Cryptohopper gets 9/10 points here!

Overall, Cryptohopper comes up with an average score of 8.9 /10!

 

User friendliness 7.5/10

The Gunbot is comparatively less user friendly. Due to the fact that this bot is aimed mainly at professionals, it is less suitable especially for beginners, because the overview is quickly lost. Furthermore, it lacks a free trial version to try at before buying. Besides, the only payment method is Bitcoins. That means you should have exactly this cryptocurrency to be able to use this bot. The payment in bitcoins has its advantages and disadvantages. Since the crypto market is very volatile, the price is quite volatile. Overall, Gunbot only gets 7.5/10 points here!

Setting diversity 9/10

The variety of settings keeps within limits. Above all, it varies a lot and depends on the package you choose. For example, the Standard Edition contains only one bot for a stock exchange, and add-ons such as tradingview or backtesting are not included. Overall, Gunbot gets here 9/10 points!

Price performance 6/10

There is currently a 50% discount. So the Standard Edition costs 0.1 BTC (which corresponds to a value of ~ 420 $ (state of 02.12.2018)). That’s pretty much compared to the other bots. It is indeed a professional bot but then a bot in the package Standard Edition is not enough and it makes sense to choose the professional version for 0.2 BTC (depending on the conversion rate is it almost $ 1000). Overall, Gunbot gets here 6/10 points!

Supported exchanges 9/10

Gunbot supports up to 9 exchanges (Poloniex, Bittrex, Binance, Coinbase Pro, Cex.io, Kraken, Bitfinex, Kucoin, Huobi, Cryptopia). Only the most expensive variant allows the use of all exchanges. Overall, Gunbot gets here 9/10 points!

Support 9/10

On the homepage there is a Gunbot Wiki. There are many things explained in detail and it is clearly managed so you get information very well. In addition, there is also e-mail contact with questions. Overall, Gunbot gets here 9/10 points!

Overall, Gunbot comes to an average score of 8.1/10!

Conclusion

In summary, all 3 trading bots are good bots that are more or less suitable for one. Especially the trading bot from margin stands out with very good presentation and the price-performance ratio. It is perfect for beginners but also offers advanced packages.

If you do not like margin, you can switch to the similar alternative Cryptohopper. Both margin and Cryptohopper can be tested before buying. Gunbot is quite specific with the Bitcoin payment method and the more technical user interface. This Gunbot is practically suitable for professionals.