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Why is Cryptohopper the best automated trading platform to manage your crypto portfolio?
Why is Cryptohopper the best automated trading platform to manage your crypto portfolio?

Manage your crypto portfolio efficiently with Cryptohopper's automated trading platform. Save on fees & ensure secure connectivity!

Pete Darby avatar
Written by Pete Darby
Updated over 3 months ago

Are you looking for the best automated trading platform to manage your crypto portfolio efficiently? Cryptohopper offers numerous advantages, especially when it comes to minimizing trading fees and ensuring secure connectivity with your preferred crypto exchanges. Discover why Cryptohopper stands out as the best choice for managing your crypto investments.

Save on crypto exchange trading fees

Did you know that many crypto exchanges charge significantly higher fees for basic trading functionalities like converting cryptocurrencies, simple buying and selling without using the pro, advanced, or API interfaces, or setting up recurring buys? Besides these trading fees, exchanges also profit from the spreads they apply to these transactions. Based on our analysis, this difference can amount to up to 2.6% across various crypto exchanges.

Save on trading fees with Coinbase and Kraken

Coinbase offers two trading interfaces: Coinbase and Coinbase Advanced, each with different trading fees. We compared both interfaces:

  • Coinbase: 2.1%

  • Coinbase Advanced: 0.8%

The difference is at 1.3%. For instance, purchasing $1000 worth of Bitcoin (BTC):

  • Coinbase: You receive $979 in Bitcoin after a fee of $21.

  • Coinbase Advanced: You receive $992 in Bitcoin after a fee of $8.

The savings amount to $13 on the first $1000 traded using Coinbase Advanced.

Similarly, Kraken provides two interfaces: Kraken and Kraken Pro, with the following trading fees:

  • Kraken: 2.6%

  • Kraken Pro: 0.4%

For a $1000 purchase of Ethereum (ETH):

  • Kraken: You receive $974 in Ethereum after a fee of $26.

  • Kraken Pro: You receive $996 in Ethereum after a fee of $4.

These fee differences show the impact on your investment returns. To learn more about how trading fees affect your investments, visit our blog here. The more you trade on Coinbase, Kraken, and all other crypto exchanges through Cryptohopper, the lower your trading fees will be, as higher trading tiers reduce your exchange fees.

Secure connectivity with your crypto exchange

When connecting your Cryptohopper account to your preferred crypto exchange, such as Bitvavo or Bybit, ensuring secure connectivity is crucial. Cryptohopper offers two connection methods: Fast Connect and API Keys. It's important to note that your cryptocurrencies always remain securely stored within your exchange account.

Fast Connect

Fast Connect is the most convenient option, allowing you to log in directly to Cryptohopper using your crypto exchange credentials. This method resembles logging in with Facebook, Apple, or Google, streamlining the connection process and will immediately show your funds in your Portfolio Bot.

API Keys

Alternatively, API Keys serve as a critical link between Cryptohopper and your chosen crypto exchange. They enable your Portfolio Bot to execute automated trading tasks, such as placing orders and accessing account balances for calculations.

Additionally, IP whitelisting must be implemented to specify which IP addresses can access your crypto exchange account via the API, improving security by restricting access to Crpytohopper only. Together, API Keys and IP whitelisting ensure secure communication between your Portfolio Bot and crypto exchange.

Ultimate portfolio management with Cryptohopper

There are several reasons why Cryptohopper stands out as the number one solution for managing all your cryptocurrency investments. Discover why portfolio management and diversification is best with Cryptohopper.

Simple trading interface

Cryptohopper's Portfolio Bot simplifies trading with a few configuration settings. Once set up, your trades automate with any of Cryptohopper's trading bot subscriptions, such as the Explorer subscription.

Create a Portfolio Bot, connect it to your crypto exchange, and configure settings for portfolio rebalancing, cryptocurrency allocation, and buy/sell preferences.

The best crypto exchanges

Cryptohopper supports a wide range of leading cryptocurrency exchanges, including Coinbase, KuCoin, Crypto.com, OKX, Bybit, BingX, Bitvavo, Binance, Kraken, Binance US, BitMart, Poloniex, HTX, Bitfinex, HitBTC, and EXMO.

Single subscription for multiple Portfolio Bots

With just one trading bot subscription, you can create multiple Portfolio Bots. Apply diverse Portfolio Bot strategies across different crypto exchange accounts or sub-accounts to diversify your investments. The higher your assets under management, cryptocurrency investing becomes more cost-effective when using Cryptohopper.

In conclusion, Cryptohopper is the best automated trading platform for managing your crypto portfolio. From high savings on trading fees across exchanges like Coinbase and Kraken to ensuring secure connectivity through Fast Connect and API Keys, Cryptohopper provides the tools for a top trading experience. Whether you're looking for simplified portfolio management, secure trading connections, or cost-effective scalability with a single subscription for multiple Portfolio Bots, Cryptohopper offers it all. Start your crypto investments today with Cryptohopper's Portfolio Bots.

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