Pricing
Pionex is free to use. But the market maker programs are available for those who trade 300,000 USDT per month. They can benefit from 0% maker fees, while taker fees stay at 0.05%
Supported Exchanges
Pionex
Supported Cryptocurrencies
120+
Platform
Web, App
Education
Yes. Every bot has an easy-to-understand explanation.
Customer Service
Email, Live Chat
Pros
- 18 free-to-use trading bots
- Extremely low fees
- Great way to learn about trading bots
- Simple to use, with in-depth guides for each bot
- Combining the liquidity sources of Binance and Huobi
Cons
- No fiat money deposits allowed
- No demo accounts
Pionex Review
Pionex is a one-of-a-kind cryptocurrency exchange that gives users the opportunity to automate their trading using no fewer than 18 free bots. Signing up is completely free, and you can get started whenever you’d like. Read our in-depth analysis of Pionex to find out more, then determine if signing up is in your best interests.
About Pionex?
Pionex is one of the first exchanges in the world to provide 18 free built-in trading bots, making it a pioneer in the industry. Users can automate their trading 24/7 without having to continually check the markets. Pionex is one of the largest Binance brokers, aggregating liquidity from Binance and Huobi Global. Additionally, Pionex is a certified CoinLedger partner, which means that users of Pionex may make use of CoinLedger to simplify their tax filing.
Who Should Use Pionex?
In principle, this should be everything that is ever required for a newcomer to the world of cryptocurrency trading. When you pick a bot, there is a Tutorial button, which you can click to gain more information about the bot and what it’s best suited for. Those who are just getting started with trading bots might benefit from the straightforward explanations provided in each course.
The Pionex offer seems fantastic, what with everything being in one location, is meant to be easy and simply understood, and is pre-built to reduce the human error component in the strategic approach-making process.
Considering that the bots are provided “at no additional cost,” it is a good deal.
Is Pionex Safe?
More than $10 million in funding has been provided to Pionex by Gaorong Capital, Shunwei Capital, and ZhenFund. In addition to this, it has obtained a Money Services Business (MSB) license from the Financial Crimes Enforcement Network, which is a department of the United States government that monitors financial transactions conducted online in an effort to reduce instances of fraudulent activity and money laundering.
Because Pionex stores its money on reputable exchanges such as Binance and Huobi, the firm is able to take advantage of the numerous safety precautions taken by these top-tier trading platforms. Additionally, it holds an MSB license that was granted by FinCEN. Because of these advantages, using the broker is completely risk-free.
Pionex Platform & Features
Built-In Trading Strategies
Pionex provides users with access to 18 different built-in trading bots completely free of charge. Their bots enable you to trade cryptocurrency on your behalf while only charging a nominal trading cost of 0.05%.
However, the site only permits trading cryptocurrencies with other cryptocurrencies; in contrast to some other exchanges, you are unable to fill your account with fiat currency by using a credit card or a bank transfer. To add fiat funds to your Pionex wallet, you must first register an account with a broker that supports fiat transfers (such as Kraken or Coinbase), then purchase a base currency (such as Bitcoin or Tether).
Easy-to-use Automated Trading
Even though Pionex allows for manual trading through the use of crypto-to-crypto conversions, the company’s core offering is a variety of trading bots. Pionex now provides users with a total of 18 different trading bot choices.
- The Grid Trading Bot: It is one of its most well-known applications; it advises you when to sell high and buy low and is one of its most popular applications.
- The Spot-Futures Arbitrage bot: It enables ordinary traders to generate passive income with a relatively low level of risk. This method is expected to produce a 15–50% annualized percentage return (APR). The arbitrage bot will use the futures market that is run by the broker system Binance.
- Leveraged Grid Bot: It is similar to the regular grid bot in function, but it adds the ability to use margin to increase profits. Up to 5x leverage is available with it.
- The Infinity Grid Bot: It is a premium version of their Grid Trading Bot. When you use the Infinity Grid Bot, you won’t ever have to worry about the price going over the range that you set for the grid. It is possible to “buy low and sell high” with the assistance of the Infinity Grid Bot, which also ensures that the total amount of assets does not change even while their value continues to rise.
- The Martingale Bot: The DCA purchase and one-time sell strategy used by the Martingale bot allows it to profit from price swings.
- The Rebalancing Bot: will assist you in holding onto the coins.
- The Dollar-Cost Averaging (DCA) Bot: It will make repeated purchases at defined intervals to reduce the impact of market volatility.
- The Trailing Sell Bot: Investors that have a habit of cashing out before the market has finished rising might benefit from the following sell bot. You can use the trailing sell bot to establish a series of rising price targets. If you set a target and the bot reaches it, it will sell a certain amount of your assets. This strategy also helps mitigate loss in the event of an unexpected market turnaround.
- The Trailing Buy Bot: You can use this strategy to buy bottoms in a market when you are unsure whether the downward trend has come to an end.
- The Time Weighted Average Price (TWAP) Bot: The goal of the TWAP bot’s design is to reduce transaction costs by providing a lower average transaction price while limiting the impact of the transaction on the market.
- Smart Trade: Traders may put up stop-loss orders, take profits, and trailing orders all inside the same trade using the Smart Trade interface.
- BTC/ETH Moonshot GRID Bot: It provides ordinary investors with a method that is both intelligent and straightforward for holding Bitcoin. It makes it easier for you to ladder purchase up to a certain lower level and ladder sells up to a certain higher price.
Support for Popular Exchanges
Pionex does not support other exchanges because Pionex is a cryptocurrency exchange with an emphasis on automated trading. The platform comes with 16 built-in trading bots that are completely free to use.
Mobile App
The Pionex mobile app is completely functioning, and it replicates all of the capabilities that are available on the desktop platform. The user interface is straightforward enough that inexperienced users won’t have any trouble exploring the features; in fact, you can even build up your very own trading bot in as little as 1 minute.
Manual order placing is also supported in a simple and uncomplicated manner within the Pionex app. The crypto market is always active, thus real-time market data and pricing information is crucial. There is no latency between Pionex’s PC platform and its mobile app, traders can obtain solid information.
Pionex Pricing
Pionex’s pricing structure is known as “maker-taker,” since it requires you to pay for both adding and removing liquidity from the market through your trades. The current maker fee and taker fee on Pionex are both 0.05% of the amount of each trade. When a trade is completed, the charge is deducted from the final amount credited to your account. Pionex has cheap fees from Binance and Huobi Global due to its role as a market maker on both exchanges.
You may wish to consider joining Pionex’s Market Maker program if you are a high-volume trader. Depositing $300,000 or more in USDT will get you into the Market Maker program. If you have $300,000 or more in any other cryptocurrency or token that is accepted by the program, you are eligible to enroll. If you are accepted into the Market Maker program, you will not be required to pay any maker fees. Taker fees have been maintained at 0.05%.
The first 10 days of each month are the only time you may apply for the Market Maker program. If you get into the program, you have to keep a minimum balance of $300,000 on your accounts at all times. If your account has a low balance and the program disqualifies you because of it, you will not be able to apply to become a Market Maker member for at least 30 days from the day that you were disqualified.
How to Open An Account?
Both the website and the mobile app have nearly identical signup processes. You can download the app or go to their website to sign up.
- On the Pionex App, go to the app’s menu and select “Sign up.” On the web, you click on sign up at the top right corner. Then, select either Email or Phone as your registration method.
- Go through the verification process, solve the puzzle above by dragging the left slider, and check your email or cell phone for the verification code.
- Give your Pionex account a password with 8–16 digits.
- Click “Next Step,” and you’ll be logged in to your Pionex account. To keep your account safe, you should bind the 2-factor authentication.
In Conclusion
Pionex is a full-service cryptocurrency broker that focuses on attracting mobile investors due to its mobile-friendly interface. The user-friendly website and free crypto trading bots provided by the broker are both excellent features. It would be fantastic if Pionex were to extend the possibilities for its customer service and permit fiat deposits in the not-too-distant future.
Overall, Pionex is the best platform out there if you’re looking to automate your trading using bots. It is simple to use, there are several tutorials available, and users have access to over 120+ distinct currencies.
Pionex Review Overall
Pionex stands out as a unique cryptocurrency exchange offering 18 free trading bots, making it an excellent choice for beginners and those looking to automate their trading strategies. With extremely low fees and a user-friendly interface, it’s a great platform for learning and executing trading bot strategies. However, the lack of fiat deposit options and demo accounts might be a drawback for some users. Overall, Pionex is a solid option for those looking to simplify and automate their crypto trading.
Pros
- 18 free-to-use trading bots.
- Extremely low fees.
- Simple to use with in-depth guides for each bot.
Cons
- No fiat money deposits allowed.
- No demo accounts available.
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