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How do I enable Paper Trading?
How do I enable Paper Trading?

Explore Paper Trading: Convert existing bots or create new ones easily.

Pete Darby avatar
Written by Pete Darby
Updated over 2 months ago

There are several ways to use Paper Trading.

  • Convert an existing trading bot to a paper trading bot.

  • Create a new paper trading bot.

Convert an existing trading bot to a Paper Trading bot

  1. Navigate to the Base config of your existing trading bot.

  2. Click on the Exchange tab.

  3. Enable the toggle for Paper Trading.

  4. Click on Save.

  5. All open positions with real money will be closed, and the funds will remain on your crypto exchange.

Cryptohopper trading bot configuration interface showing exchange settings for Bitvavo, paper trading toggle, API key setup, and IP whitelist fields for converting live trading to practice mode


Creating a new Paper Trading bot:

  1. Click on "My bots" in the left menu.
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    Cryptohopper dashboard sidebar showing My bots menu with 61 active bots and MPGB bot on Binance.US for cryptocurrency trading management

  2. Then click on "View all".

  3. Click on "Config Wizard" in the top right corner.

  4. Select a cryptocurrency exchange.

  5. Click on "Switch to paper trading".

    Cryptohopper Bitvavo connection setup wizard showing API key configuration steps, IP whitelist requirements, testing options, and paper trading switch for cryptocurrency bot configuration

  6. Follow the remaining steps of the Config Wizard.

  7. Your Paper Trading bot will be created.

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