Digital money is the craze recently. There are so many varieties popping up on a regular basis that it gets difficult to keep track on all of them. Cryptocurrency first came to being with Bitcoin, and then many others like Ether, Litecoin, Dogecoin, etc. came into existence. The formation of cryptocurrency was all thanks to the invention of what is known as Blockchain technology. It is this common registry that gives cryptocurrency its transparency and security.
Unlike how the amount of money a country mints is equivalent to the amount of gold in its reserve, cryptocurrency has no physical representation of its value. Its value comes from the trust that its users put into it. This trust has caused cryptocurrencies like Bitcoin to rise in value 100-fold just in 2 to 3 years, making early investors earn millions.
Many cryptocurrencies exist today and real-life trade can be carried out between them. This is a tactic that could help you increase your capital very easily. Due to the sheer volume of cryptocurrencies, it is difficult to keep track of all of them. Automated trading platforms like Cryptohopper is one solution to this problem. In the following article, we will be looking into the workings of Cryptohopper and how it can be beneficial to us.
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What Is Cryptohopper?
Cryptohopper is an automatic Bitcoin trading software which will trade your cryptocurrency assets for you. The software works 24/7, i.e., it never stops trading, even in the dark of the night. None of your cryptocurrency is stored in the software and hence, there is no need to be worried when it comes to security. It is merely a support platform.
The software can be linked to the exchange that you utilize to store and trade your funds from. Once the linking is complete, it is time to calibrate the software. This is done by configuring the trading parameters and strategies to match your own personal trading style. Once the strategy is decided and executed, the bot will work around the clock, trading your assets. You should check back with it every now and then to see the progress you have made. Based on your results, you can re-think and fine tune your strategy further.
The tool may sound complicated, but thanks to its fairly easy User Interface, it is easy to learn and use. As the main idea of cryptocurrency lies in its safety, that is the first priority of Cryptohopper. Not only does it not store any cryptocurrency, but also forbids any user from enabling withdrawal rights on their API key. Even though the bots do all the trading for you, the reins are always in your hand. You control what the bot will do.
The pricing of Cryptohopper is based on a monthly subscription. The starter version is called Bunny and is priced at $19 per month. The highest version is called the Kangaroo and is priced at $99 per month.
Cryptohopper – The Features
Some of the key features that are available in Cryptohopper are the below-mentioned ones. Of course, there are many more features available that will make your trading a whole lot more streamlined.
External Signals
The first trading bot to integrate professional external signals, ever. These “signallers” are third-party individuals who function as technical analysts. Their task is to point out the coins that are sure to profit. Once the profiting coin is found, a buy signal is sent to your hopper. Based on performance, you can choose your own signaller.
Cloud-Based
The Cryptohopper is completely cloud-based. Even when you turn your device off, the hopper isn’t affected. It will keep running your trades 24/7. The bot keeps on improving, with new features to enjoy which are available instantaneously.
Trailing Stop-Loss
This is how you keep profiting. The bot, using trailing stop-loss, tracks the rise in coin value. As a coin goes low, the bot will make a sale. This makes sure that you are always on a profiting climb.
Benefits
- Automated trading makes sure you are trading even when you are not
- Follows your lead and strategy rather
- “Signalers” do the analysis for you and inform about promising investments
Cryptohopper – Conclusion
Cryptocurrency is a complicated concept to grasp, but it has been able to yield positive results for many who can understand and trade it. A little help goes a long way, and that is what Cryptohopper is here to provide you with. Cryptohopper is a safe and effective tool which can transform your capital into ten times its size in cryptocurrency. – Sign up to Cryptohopper here.
Disclaimer: This is not financial advice. The above references an opinion is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. Invest responsibly and never invest more than you can afford to lose.
If you are interested in even more business-related articles and information from us here at Bit Rebels then we have a lot to choose from.
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