Merely being on this page is an indication that you are all too familiar with the fact that cryptocurrency trades carry a high level of risk due to the high volatility of cryptocurrencies.
That’s why many cryptocurrency bots have been built to automate the trade process thereby relieving you of the burden of making trading decisions that you’re barely sure of.
One such platform is the Royal Q trading bot. Does it deliver on its words or it’s just another piece of scam software? This review will help you find out.
Maybe you already know about Royal Q but are wary of it because you are about to venture into the unknown, so this review is also for you.
We start with…
What is the Royal Q Trading Bot?
Royal Q is a software application that can be programmed to run and execute cryptocurrency trades behalf using AI.
Royal Q has been around since 2017 and was designed to take the bulk of the load of decision making off the shoulders of the trader.
As cryptocurrency is extremely volatile, human players would be hard-pressed to respond quickly enough to meet their target. This is where Royal Q comes in.
Royal Q does most of the work in the background, gathering market data, calculating the potential risk—repetitive tasks that a human would normally handle—and then buying and selling the cryptocurrency.
The result is that the trade is far safer as mistakes due to faulty human speculation are avoided.
For now though, the software only integrates with Binance and Huobi. We expect support for more exchange platforms to be on the way.
How Does Royal Q Bot Work?
After installing the Royal Q application and creating an account with them, you will need to pay an activation fee of 120% once in a year. $100 goes for the subscription fee and $20 is the gas fuel, the fee the bot draws from when it picks a trade.
Royal Q’s work begins when it connects with a traders account through API. Through artificial intelligence, it selects the best possible odds of making profit from a certain profit.
And then, the real work comes. Royal Q automatically buys a coin of choice and then sells it when a profit is most likely to be made.
In order words, it picks a trade using its own logic and then transacts on your behalf. This process frees the trade of human errors and maximizes chances of trading.
With Royal Q, you can make a profit of 0.1% to 10% per day and up to 300% per month, though on good days, this rate can shoot up to 23% per day.
The larger share of the profit (80%) goes to the trader while the Royal Q corporation gets the remaining 20%
Features of Royal Q Bot
Royal Q Bot has two ways of fetching its users money. They are:
- Cryptocurrency Trading and,
- Referrals
Cryptocurrency trading is the main way the crypto bot rakes in money. Once you sign up, connect it to your Binance or Huobi account.
Then you can sit back and do other things while Royal Q executes trades on your behalf.
From the mode of operation, it is easy to see that the application is genuine. The only funds Royal Q has access to are those that you fund your account with. Remember, you are not funding the bot itself and there is no way the money can be diverted to Royal Q itself.
The only money you give to Royal Q is the $120 subscription fee. That’s all.
Referrals:
This feature allows you to earn passive income by bringing others to join the program.
There are levels to the referral programs all the way up to the 4th level. The levels are codenamed V1, V2, V3, and V4.
Level 1 (V1) is open from the day you register on the platform. You get a 30% commission for everyone you refer and register on the platform.
Once you can register at least 3 people and then they register others until your network reaches 20 people, you get to level 2 (V2) in the referral program.
That represents benefits of up to 40% on your direct referrals, 30% of the total earnings of your team members, and a 10% commission on any new members who are activated from your downline.
From level 2, you can climb a step to level 3 (V3). All you need to do is refer five people directly, get at least three people from your V2 to level up and an overall team of 100 members.
Benefits at this level are a 50% commission from your direct referrals and 40% of your team’s earnings. There’s also an extra 20% from your direct downline’s earnings.
At the highest level (V4), benefits are, 60% of the earnings of your direct referrals and 50% of the total earnings of your team members along with an extra 20% from new members who join through your direct downline.
How To Create an Account
Did the above description of Royal Q bot and the breakdown of its features pique your interest? Then it’s time to talk about how to go about creating an account. Let’s go.
You should click on the sign-up link, then you’ll be asked to fill a form asking for your email amongst other details.
Once you’ve verified your email and created your password, just click on the register button and you’re halfway.
The next thing is to download the app from the link you’ll see on the next page (very important) as you might download a clone app if you use the play store directly.
Final Verdict
So with everything that has been considered, is Royal Q a scam bot? Of course not.
There are a lot of positive reviews from people who have enlisted the assistance of the platform.
There is no danger of being scammed out of your money by the corporation because the only money that reaches them is the subscription fee every year.
The software trades solely on the money in your Binance or Huobi account and it’s only when you want to withdraw your profits that Royal Q can collect its 20% commission.
Your trading capital is safely stored in your Binance wallet and Binance has the reputation of being one of the most secure crypto exchanges out there.
Besides, the bot trades on a 24/7 basis without needing your assistance. It also does not use leveraging when trading. It only does Spot trading.
The only limitation is that it is restricted to just Binance and Huobi accounts for now.
However, that’s not to say that the system is perfect. Robots are imperfect as their human creators and may not always make the best decisions. But these are rare to say the least.
So far, so good, I can assure you that Royal Q is completely safe and offers an almost stress-free trading experience. It also offers the best value for its money at just $120 yearly compared to some other trading bots that bill roughly that same amount or even higher every month!
Liked what you read? Don’t hesitate to drop your comments below. They are highly welcome!