In this article, we'll explain how you can start with Cryptohopper. Let’s check out the "New User Experience".
Get started in 4 easy steps.
Have you ever wanted to start trading cryptocurrencies? In this guide, we'll cover everything you need to know to give you a jumpstart as a fresh new trader on Cryptohopper!
1. Create your account: register for a free account
Registering is easy: you only need a username, email address, and a strong password. Alternatively, you can use your social media logins (Google, Meta, or Apple) to register.
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2. Set up your bot
A bot is called a "Hopper." Each bot comes with a free simulator. When you log in for the first time, we will assist you with setting up your first Hopper.
Step 1: General Information
Enter your full name and your country of residence.
Step 2: Connect an exchange
To start automated trading with Cryptohopper, you must have an exchange account. Sign up at your preferred exchange or select the exchange you currently use to trade. Your funds will always remain on the exchange.
Tip: If you don't have an exchange account yet or wish to explore the Cryptohopper platform without connecting an exchange, you can select 'Simulated funds' in the next step.
To set up a connection between Cryptohopper and your exchange we will ask you to enter your API keys. You can find detailed instructions per exchange here.
If you wish to explore the Cryptohopper platform without connecting to an exchange, you can select 'simulated funds'. In that case, we will create a simulated Hopper with a trading balance for you.
Step 3 - Select a quote currency
Your quote currency is used to buy coins. Sold positions will be automatically converted into your selected quote currency. You can choose from a range of quote currencies. If you're new to trading, we recommend using a stable coin such as USDT or EUR.
Tip: if you wish to use another quote curreny than shown in the drop down, you can switch later after the initial setup of your Hopper.
3. Configure your bot
There are two ways to configure your Hopper initially:
- Follow signals: your Hopper will automatically execute buy- and sell signals from an experienced third-party analyst. We advise this option to everyone wishing for an easy, plug&play setup or just getting started with automated trading.
- Build your bot: implement your own technical analysis and automate your existing strategy. This option is tailored to experienced traders, requiring some initial configuration and performance monitoring.
To give you a jumpstart into automated trading, we preselected a range of signal providers free of charge. Select one to proceed. Click 'Learn more' to get more information about each signal provider's historical performance.
Your Hopper can run with multiple signal providers, so after building your first bot, you should definitely browse Cryptohopper's marketplace Link to find and test a wide selection of signal providers.
Build your bot
Select your desired risk level - we will automatically pre-configure a Hopper for you. Later you can tweak all settings like take-profit, trailing features, which indicators you want to use to trade and so much more.
3. Ready, set, go: your summary
Your trading bot is ready to trade. This overview shows all the settings of your Hopper. You can enable or disable buying and selling, or your Hopper completely All settings can be eneabled on your dashboard later.