Question 1

What is a trading bot?

Accepted Answer

A hosted tool (usually web or Telegram) that executes swaps, snipes new listings, and manages positions faster than you could manually.

Question 2

Are these bots custodial?

Accepted Answer

Most bots create a wallet inside the app, but the majority let you export or import private keys. That means you can self-custody if you manage the keys yourself. Web-native tools like Axiom, Photon, and Bloom simply connect to your existing wallet.

Question 3

How do the fees work?

Accepted Answer

Typically a percentage of each swap (0.5% to 1%). Some also earn from priority tips or referrals. Always check the bot's docs for the exact schedule.

Question 4

Which is best for beginners?

Accepted Answer

Axiom or GMGN. Both are browser-based with a clear UI. Telegram bots have a steeper etiquette curve.

Question 5

Which bots are cross-chain?

Accepted Answer

Axiom covers Solana, Ethereum, Base, Arbitrum and Robinhood Connect. Bloom, GMGN, Maestro, and Banana Gun cover multiple chains. Photon is Solana plus Base, Trojan is Solana-only, Unibot is EVM-only.

Best Trading Bots ranked for 2026

Trading bot questions, answered