Cryptocurrency seems to be the currency of the future because its acceptance and use has tremendously increased over the past few years. To make money with Royal Q one can trade with any of the supported 70 cryptocurrency coins.
In no distant time, cryptocurrency may eventually be adopted by everyone. The challenge with its use as a tool for generating income is the outrageous amount of time and skill it requires.
Thus cryptocurrency traders and experts will readily embrace a system that allows them to generate maximal income without investing a huge amount of time.
For the system to be effective and acceptable, it needs to eliminate the psychological aspect of trading and also human errors which may lead to significant financial loss.
It is based on the above need that the Royal Q robot was designed. But can the Royal Q robot do what it was designed to do? , Can one make money with Royal Q Robot?
If you already have a crypto trading system in place, is it safe to stop trading manually and allow the Royal Q robot to do the trading on your behalf?
We can answer these questions ourselves if we have appropriate information about the Royal Q robot.
what is Royal Q
Royal Q or Royal Quantitative is said to be an Intelligent Quantitative Strategy Trading Robot, designed for many international private equities to maximize the utilization of member funds and to help members maximize their profits through quantitative transactions in the digital currency market.
In simple terms, Royal Q is a software that companies or individuals can hire to do automated cryptocurrency trading on their behalf.
The individual or company still needs to pay attention to the crypto market statistics and then pick which cryptocurrency pair to trade.
The Software automates the collection, analysis and interpretation of market statistics.
Royal Q uses the collected data to calculate the potential market risk, and execute buying or selling of cryptocurrency assets on your behalf.
The technology aims to replace human cryptocurrency trading efforts and associated human errors. The owners of Royal Q claim that these errors can be eliminated by hiring Royal Q.
Royal Q bot was developed in China and is owned by a Chinese company. The intelligent robot is designed to remove the psychological aspect of trading, which can lead to significant loss of investment or cryptocurrency assets.
Cryptocurrencies are known for being extremely volatile, coin prices can fluctuate drastically even in the space of minutes.
So traders in many cases, are unable to react quickly enough to changes in the market price which might lead to loss of assets.
This is where crypto robot-like Royal Q (Royal Quantitative) gets into the picture. They are nothing but automated tools that conduct trades and execute transactions on behalf of the users
How to Make Money with Royal Q?
Basically, there are two ways in which users can make money with Royal Q. This includes:
1. Trading Cryptocurrency
2. Referral (MLM)
Trading Cryptocurrency
The involves allowing the Royal Q app to trade on your behalf using available capital inside your Binance or Huobi account.
Royal Q automated cryptocurrency trading gives the user the potential to make a stress-free profit while trading crypto.
The return on investment (ROI) varies from 1 -50% based on your trading preferences using compound interest.
The profits the user makes on each trade are split 80:20 between the user and the Royal Q corporation.
The user gets 80% of the profits made and 20% goes to the Royal Q corporation.
According to their website, the software can produce a daily trading profit of 0.1–10 per cent and a monthly profit of 3%-300 per cent. On other market days, it can make 2% to 5% a day. A higher percentage of profit is possible per day depending on market conditions and chosen algorithm of particular trade assets.
Referral (MLM)
The second potential method of making money with the Royal Q app is via referral bonus or multi-level marketing (MLM), this may generate bigger profit than just trading with capital.
This explains why Royal Q awareness has progressively increased. Because the majority of the participants are trying to build their network through the MLM opportunity.
The Royal Q referral or networking part of the program is the most sort after of the Royal Q system. This is because by referring others you get to earn passive income.
The networking part has six levels V1 to V6.
At the first level, you’ll earn 30USDT instant commission on everyone you referred and also earn a commission on their trades. The commission increases as the network level move from the first stage to the highest networking level (V1 to V6).
The majority of the participants trying to introduce to Royal Q may be doing so because of the referral bonus and the money they want to make without caring to know whether you make a profit or not.
Users need to understand how the platform works before hiring the Royal Q bot.
How does Royal Q work?
The system uses artificial intelligence algorithms to automatically match quantitative trading strategies that are suitable for the current market situation, eliminating the problem of unprofessional judgments.
Royal Q robot can read and trade on the world’s largest digital market platform; Binance and Huobi.
The software uses a set of cryptocurrency trading signals to determine whether to buy or sell a cryptocurrency pair at any particular time.
Royal Q Cryptocurrency Trading Bot does not require any former experience or skill in technology or cryptocurrency trading, because you can easily learn how to operate the software through the tutorials available on their website www.RoyalQs.com.
In other to make money with the Royal Q trading bot users needs to integrate the app with a third-party exchange or trading platform.
Currently, Royal Q can only be linked with Binance or Huobi
So to get started, you’ll have to Register an account with Royal Q and download the app from the Google Play Store for Android users and the Apple store for IOS device users.
If you don’t have an account with Binance or Huobi you will need to create one.
Log into your Binance or Huobi account to connect your Royal Q application with your Binance or Huobi API keys to start trading with the Application.
To start trading with the help of the Royal Q application, you will need an activation fee of 120 USDT (TRC-20). 100 USDT for a one-year subscription and the remaining 20USDT is used for daily transactions.
This activation fee has been reviewed upwards, from September 9th 2021, the activation fee will now be 140 USDT. 120 USDT for the yearly subscription and 20 USDT for the daily transaction charges.
Binance or Houbi trading platforms requires a minimum balance of 100 USDT in your Binance or Houbi account before Royal Q software can trade on your behalf.
When the software is integrated with a cryptocurrency exchange account or trading platform.
The coin pair to trade on is manually selected based on the user's knowledge of cryptocurrency market statistics. The trading strategy and other settings are also manually selected based on the options available in the Royal Q trading application.
After selecting the coin pair to trade on and inputting other relevant settings the Royal Q Software now initiates and monitors the trading on your behalf. It buys cryptocurrency at a low price and then sells at a high price with the trading logic to earn the differences and profit.
Royal Q also comes with features that allow the user to synchronise or automatically copy the trading strategy of expert traders on the platform.
This might be a safer option for users who are not knowledgeable about cryptocurrency trading.
It seems to reduce the impact of market volatility on Investments and on investors emotions, it tries to avoid judgment errors and also saves labour costs.
The actual trading capital is going to be in your Binance or Huobi account. So Royal Q has limited access to your funds.
Is it safe to use Royal Q?
That's a technical question to answer, thus it is left for individuals to decide for themselves after reading the information below.
Royal Q Cryptocurrency Trading Robot seems safe to use as the bot only trades your capital for you, it does not have access or permission to withdraw funds from your Binance or Houbi Account.
Royal Q bot claims to make automated trades on the specific crypto coin pair manually selected by the user and the software is working as claimed.
Considering this, one can within reason say that the Royal Q App is legit as it delivers the service it claims to provide but then, trading with Royal Q may not be 100 per cent safe because it promises to make a daily profit on every trade executed which may not be accurate.
The promise by Royal Q App to always make profitable trading may be misleading because the user still manually selects which coin pair to trade on and also determines the strategy that the Royal Q software will use to execute each trade.
Consequently, there is a possibility that the entry price of the selected coin pair may drop significantly for a long period, after initiating the trade which makes it mathematically impossible for the Royal Q App to deliver profit daily during such market conditions.
Secondly selecting or choosing an unsuitable trading strategy on Royal Q may lead to loss of crypto-assets.
Possible advantages of using Royal Q trading App
Below are some of the potential advantages of hiring a Royal Q cryptocurrency trading App.
- Trades twenty-four hours nonstop.
- Funds are largely safe in the users Binance or Huobi account
- You can easily trade without emotions
- Reduces cost of Labour
Disadvantages of using Royal Q App.
Below are some of the disadvantages of allowing Royal Q robot to trade cryptocurrency on your behalf.
-Robots are not designed my man, thus not perfect
- There may be programming errors
conclusion
Royal Q seems to have the potential to generate income. Its use also carries some degree of risk.
The self-acclaimed ability of Royal Q to generate daily profit may not be accurate, because the cryptocurrency market is highly dynamic.
Prolonged periods of unsuitable crypto market conditions might make it mathematically impossible for Royal Q to deliver profit daily.
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