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(Original link: forbes.com)
Crypto trading is a sensitive subject and with the bear market crushing almost everyone, a trading bot which simplifies the whole experience may be considered as an option. Dutch startup Cryptohopper was founded in 2017 with only €2000 of Bootstrapped funding. In little over a year, it went from its humble beginnings as a private-use bot on a Raspberry Pi to a cloud trading platform with hundreds of innovative features and over 85,000 users.
Pim Feltkamp is the brain behind Cryptohopper and the platform. He began learning how to code when he was only 10 years old. At 12, he started his first online business and has since sold multiple websites, apps and web tools before starting Cryptohopper in 2017 with his brother, Ruud, an award-winning actor and DJ.
Ruud took an interest in innovation and began reading books about business models, marketing, growth hacking, etc. developing a passion for entrepreneurship. In 2016 he started trading cryptocurrencies. When Pim realized how much of his brother’s time this consumed he built a bot that would trade automatically, with the pure intention of saving time. The two brothers teamed together creating one of the fastest growing start-ups in the Netherlands little imagining that the business would be so successful.
Ruud, who today is CEO for Cryptohopper Marketplace, has worked for 20 years, since the age of nine, in film, TV and media production. This experience gave him a platform to spring from in terms of relationship-building and the confidence needed to sell a product he believed in. He is convinced that in 2019 a tech company is also a media company. It is, therefore, necessary to create conversations, not just to take part in them. This is what Cryptohopper strives to do via the communities they have built on Telegram and Discord.
Aware that 82% of online media consumption will happen through video by 2021, Cryptohopper communicates by video with their communities online so that users help each other. Ruud has always had a natural interest in Business and Technology. Having studied much about the latest innovations, business models and marketing techniques, he says that when he learned about digital currencies he was hooked. ‘The lessons I’ve learned during my acting life about self-branding have helped me brand Cryptohopper to a global audience".
Cryptohopper recently showcased the brand new Cryptohopper Marketplace at the CES in Las Vegas. The Marketplace is a collection of high-performing trading strategies, which people at all skill levels can buy and sell to implement across the exchanges they trade on. Cryptohopper will be showing the world why cryptocurrency trading is for everyone.
The team was accompanied by HRH Prince Constantijn and displayed in the Holland Tech Square alongside 50 of the Netherlands’ 'hottest' startups. We spoke to Ruud Feltkamp about Cryptohopper and their plans for the future.
You have launched a new product at CES 2019? Could you outline what makes it different from other trading apps?
‘At CES we demonstrated our Cryptohopper Marketplace. We handpick experienced traders to share and sell their strategies on the Marketplace. We allow what is called Mirror Trading. This allows beginners to copy the algorithmic strategies of experienced traders, making it much easier for the beginner to trade as professionals do. You can either follow the buy/sell signals of experienced traders or buy their strategies and implement them to your Hopper. This makes Cryptohopper a social trading platform where a strategy can be bought and implemented automatically on exchanges.
From the very start, we’ve been very community focused. The marketplace we introduced has now created a lively community of traders. Many of the sellers who were previously just traders have unexpectedly become entrepreneurial, selling their knowledge and developing their own brand, name and social media handles through our platform. You can view them over here .’
What would you identify as the main security issues in trading bots in today's markets?
‘It’s vital for every user who’s interested in bot trading to perform the same level of due diligence as they would if they were looking for a human investor to trade their money. Be skeptical of any bot that asks for your crypto and promises set returns. Rather, look for promises of a bot that will implement a strategy that you have personally decided on. At Cryptohopper, we never provide financial advice or pre-set strategies, we simply promise a tool package that will implement your strategy 24/7. We also offer you the chance to buy strategies from pre-verified sellers if you don’t know how to build a strategy yourself.
We have a strict no-withdrawal policy. When the Hopper connects to your exchange account, you need to set up API keys, which are the keys to your exchange. You can allow three options of access to a bot: View, Manage and Withdraw.
The inability to withdraw funds makes Cryptohopper a bad target for malware as the f...