Cryptocurrency trading bots are software that help you automate your trading strategies.

So they automatically execute orders based on your trading strategy on cryptocurrency exchanges without your manual intervention. so by using the best trading Bots you get an advantage over manual traders.

Today, more than 90 percent of cryptocurrency transactions are done through these bots. as a result, if you do not use one of these software, you may find yourself at a huge disadvantage when it comes to competing with these trading bots.

However, getting started with a cryptocurrency trading bot can be confusing. Therefore, I have selected for you the best trading bots that are easiest to use.

Some of the trading bots listed below are free software others are paid software.

1: RoyalQ Trading Bot

What is RoyalQ?

Royal Q is a system that focuses on quantitative trading. which connects to several exchanges. With these settings, the bot has limited access to your trading account and funds in the account. So all the funds in your account are safe! The only thing it can do is trade with the funds in your wallet with no ability to make withdrawals from the exchange being used.

On RoyalQ you do not make deposits with which you will trade, rather it directly uses the funds on famous exchanges like binance, Huobi or Coinbase, through private keys issued by these exchanges that allow bots like RoyalQ to trade your funds, but without giving permission to withdraw crypto.

• Which exchanges do you trade with?
  • Binance
  • Huobi
  • CoinBase
• Supported platforms
  • iPhone
  • iPad
  • Android
• Free version
  • Not available
• Free trial
  • Not available
• Costs?
  • $120 per year + 20% on earnings only

RoyalQ costs and fees

Costs $120 per year to deposit directly to an address in your RoyalQ profile.
Plus a 20% commission (on bot earnings only) that you’ll have to transfer in advance to the same address as before because RoyalQ can’t take them directly from your exchange

RoyalQ: Ease of use

Royal Q is used by professionals but designed especially for beginners. You don’t need to have any professional trading skills to start using it.
All you need is one click and the best strategies for the best profits will apply according to the current market.

It also only takes one click to copy the trades of the best traders listed inside RoyalQ, in exchange for a 1% or 2% commission on earnings.

2: Pionex

What is Pionex?

Pionex is a cryptocurrency exchange founded in 2019 with a focus on automated trading, with 18 free trading bots integrated. It is an especially great platform for traders who are just getting started with bot trading. This exchange is easy to use, with detailed tutorials explaining how each bot works and what it is best used for.

Unlike RoyalQ, you cannot plug your Binance API into Pionex. Pionex is in fact an exchange just like Binance. You can deposit into Pionex from Binance and start using the bot inside Pionex. Using Pionex is quite similar to trading in Binance and Huobi since Pionex is aggregating liquidity from Binance and Huobi, plus the trading commssions are even lower than binance, only 0.05%!

• Which exchanges do you trade with?
  • Pionex
• Supported platforms
  • iPhone
  • Android
  • browsers, including Safari, Chrome, Firefox and Explorer.
• Cost
  • Free

Pionex trading bots costs and commissions

Pionex bots are 100% free, the only fees are 0.05% of cryptocurrency trading.

Pionex: Ease of use

Pionex is the best cryptocurrency exchange for those who don’t dabble much with bots, ideal for beginners to automate trading. They really walk you through all the details of each bot so you know exactly what you are doing instead of rushing headlong without any idea.

3: Cryptohopper

What is Cryptohopper

Cryptohopper is a trading tool that you can connect to your exchange. it is designed to make investing in the cryptocurrency market easier and more intuitive

Investors can automate their investment process, copy professional traders, set up signals and alerts via the mobile app or directly through Cryptohopper. This allows investors to stay on top of the market regardless of the crypto they trade, the exchanges they use, and their physical location.

• Which exchanges do you trade with?
  • Binance
  • Huobi
  • Poloniex
  • Bittrex
  • Coinbase Pro
  • Kraken
  • Bitfinex
  • Kucoin
  • Cryptopia
• Supported platforms
  • Android
  • Iphone
  • Ipad
  • Browsers
• Free version
  • Available
• Free trial
  • 7 Days
• Costs
  • Explorer Starter package: $19.00 /Month
  • Adventurer Trader plus package: $49.00 /Month
  • Hero Pro trader package: $99.00 /Month

Cryptohopper trading bot costs and commissions

The only payment to be made is for premium packages costing $19/$49 or $99, plus the normal commissions for trading the exchange connected with Cryptohopper, to save more on commissions find out which exchange has the lowest commissions in 2022.

Cryptohopper: Ease of use

Crytohopper not suitable for beginners without any basic knowledge about automated trading, it is essential to have basic knowledge before using Cryptohopper.

It is definitely a good idea to read some points in the Helpdesk tab and browse through the Tutorials before investing your money unnecessarily. It also explains, among other things, how to cancel your orders/sales before they are executed.

4: Bitsgap

What is Bitsgap?

Bitsgap is a trading platform where you can merge all your exchange accounts and trade through one interface.
Instead of being limited to one exchange and essentially forcing users to go to different platforms for their needs, Bitsgap brings all these exchanges into one platform

This makes it easier for traders to manage their cryptocurrency portfolio across multiple exchanges from one platform

• Which exchanges do you trade with?
  • Binance
  • Gate.io
  • Bibox
  • Bitfinex
  • Polonex
  • YoBit
  • KuCoin
  • Coinbase Pro
  • Bittrex
  • Huobi
  • Bithumb
  • HitBTC
  • Kraken
  • Bitstamp
  • Gemini
  • Okex
  • Cex.io
  • and many others….
• Supported platforms
  • Browsers
• Free version
  • Available
• Free trial
  • 7 Days
• Costs
• Basic: $29.00/Month
• Advanced: $69.00 /Month
• Pro: $149.00/Month

Bitsgap trading bot costs and fees

Bitsgap has a free plan that has all the standard features with limited access to some platform features, and a monthly volume limit of $1,000.

Bitsgap’s paid packages are available through three different options, all with a combination of all the standard features of the platform and access to unlimited trading.

Basic Package: $29 per month. Includes standard features, unlimited trading, monthly trading limit of $25,000, 2 active trading bots, trading signals, advanced order types and demo trading;
Advanced Package: $69 per month. Trading limit increased to 100,000 pounds. Plan also has 5 active trading bots and arbitrage;
PRO Package: $149 per month.
Features: all the features of the Advanced plan, unlimited monthly limit, 20 active trading bots and priority support.

• All plans provide the following
  • 25+ exchanges supported.
  • 10.000+ trading pairs.
  • desktop and mobile version of the site.
  • demo mode.
  • portfolio management.
  • bot trading strategies.
  • signals (market anomaly detection).
  • market overview list.
  • stop and limit orders.
  • Smart orders: stop-loss and take-profit.
  • TradingView charts.
  • 75+ technical indicators.
  • no additional trading fees.
  • local currency conversion.
  • cryptocurrency trading.
  • day/night mode.
  • user-friendly interface.
  • email support.

Bitsgap: Ease of use

Ease of use: in addition to its wide range of uses, the interface is user-friendly and easy to use. Although this interface is easy to use, it is also attractive and offers many advanced features, which is why, in fact having many features, Bitsgap is only suitable for those who are already familiar with automated trading

Verdict: What is the easiest and most effective best trading bot in 2022?

RoyalQ!

In conclusion Royal Q is the simplest bot you will ever use, it doesn’t need any settings, only to be connected with your exchange, choose a trader in the ranking in the application and set in $ the first purchase of the traded currency.

that is why it earned the first place in this ranking.

The bot has gained popularity precisely because of its profitability. with a simple click you can copy the best traders on the app. and check the bot’s actions from time to time.

You will only have to pay once a year $120 and forget about renewal.

The first impression of the Royal Q app is quite amazing as it is very easy to use. you can create and activate the account without the slightest support from experts.

Explore RoyalQ

Frequently asked questions about trading bots

1) Do cryptocurrency trading bots work?

Yes, but not only that. Professional cryptocurrency bot trading can work as long as the bot is built with order prediction, automation, and positioning or execution techniques that enable it to trade cryptocurrencies profitably.

In fact, the best cryptocurrency trading bots generate more profit, adjusted for risk, than you would if you left the coin untouched. Profitability also depends on how they are set up and your experience with the setup.

2) Are cryptocurrency trading robots profitable?

As long as you set up your trading robots correctly, they can be profitable. The best cryptocurrency trading robots are obviously profitable, so it is essential to set them up to test them or have some sort of guarantee before you buy them. So it is necessary to understand how they work. Otherwise, they may also incur losses.

3) Can cryptocurrency trading bots lose money?

Absolutely yes, and be wary of any bot that promises only gains

Most novice traders end up losing money when they first try trading bots. The main reasons are lack of education, impulsive decisions, and jumping between different strategies. Those who wish to improve spend several months trading with demo accounts and diligently experiment with various tactics.

4) Are trading robots legal?

Cryptocurrency trading is completely legal, as are bots. Trading bots are software tested in the stock and forex markets. However, not all brokers, including cryptocurrency brokers, allow the use of bots.

5) Should I use a cryptocurrency bot?

We recommend using cryptocurrency trading bots to improve trading efficiency and profitability. It also eliminates the possibility of human error and increases the speed of transactions.

With the best cryptocurrency trading robots, you can take advantage of the volatility of cryptocurrencies, allowing the bot to profit from the smallest price changes. They allow you to effectively monitor the market and stay ahead of the curve.

6) What are indicators?

Indicators are mathematical patterns drawn on price charts that help traders identify market signals and trends. The robot keeps track of these patterns and automatically deduces the signal.

Indicators include the moving average, exponential moving average, relative strength index, Fibonacci retracement, Ichimoku, standard deviation, and average directional index.