Pionex Review 2023: Is It a Legit Trading Bot?
About Pionex
Pionex includes free trading bots. There is no need for prior knowledge in automated or crypto trading; activate their built-in trading bots to get started. This Pionex review will provide you with all the information about the key features and workings of the trading bot. It is the world’s initial exchange to offer free, built-in crypto trading bots.
It is an automated crypto trading environment that has been one of Asia’s fastest-growing platforms. This article will go through how to utilize Pionex trading bots, what payment methods are available, and the pricing structure of the exchange.
Pionex Summary
| Official Website | https://www.pionex.com/ |
| Established | 2019 |
| Available Payment Options | Crypto Payments |
| Cloud-Based | Yes |
| Supported Exchanges | N/A |
| Mobile Support | Android and iOS |
| Plans and Pricing | Transaction Fees: Lower Fees for VIP; Spot (Maker: 0.05%, Taker: 0.05%); Leveraged (Maker: 0.1%, Taker: 0.1%) Withdrawal Fees: Depends on Crypto & Network |
| Free Trial | Yes |
| Academy Program | No |
| Affiliate Program | Yes |
| Customer Support | Live Chat, Email, FAQs, Social Community Support |
How Does Pionex Work?
Trading in Pionex depends upon the usage of crypto bots, which aids in the smooth functioning of the cryptocurrency exchange. Crypto trading bots are programs and algorithms that automate trading in the cryptocurrency market.
Market data is processed and analyzed per a set of criteria to identify the greatest chances and execute positions. Trading bots reduce the need for round-the-clock supervision that may be required for extended periods.
Pionex review reveals that it is more than just another cryptocurrency exchange because it offers tools for creating customized automated tactics with a Pionex trading bot. API key trading has become important, decreasing the need to monitor markets 24 hours a day, seven days a week. Pionex provides 12 free trading bots ideal for novice and professional traders.
Bots are generally sophisticated, necessitating client programming and coding knowledge; hence the absence of setup required for Pionex bots is a distinct advantage. We shall look at the different bots like – the spot futures arbitrage bot and leveraged grid bot, as well as the site, asset range, and other features.
Pionex Review: Pros and Cons
| Pros | Cons |
| The site has 16 bots to try to form. This is a large variety in comparison to their competitors. | The free and regular plans of Pionex offer fewer features than their competitors. |
| One of the best Pionex pros is that they have shown continuous results and are highly reputed. | |
| They have a very attractive fee-sharing program that allows Pionex users to earn passive income and generate legit profits. |
Key Features of Pionex
Pionex includes many best crypto trading bots like grid trading bot, infinity grid bot, and leveraged grid bot. Here, we shall explore how we can use a trailing sell bot to invest fiat currency through a cryptocurrency-owned trading bot. All the high-volume traders can also join Pionex’s Market Maker program to enjoy more perks and become market maker members to enjoy low trading fees.
One of the best advantages why many traders prefer this great platform is the low fees, utmost security, and other supported tools that help them easily make secured deposits, withdrawals, and other tasks.
DCA Bot
One of the most basic trading methods is DCA (Dollar Cost Averaging). DCA is a method in which the investor regularly purchases the same dollar investment. The purchases are made regularly and at predetermined times, independent of the asset’s current price. Pionex allows you to select one of the five-time intervals listed below for the DCA strategy.
Rebalancing Bot
You can use the rebalancing bot if you are positive about many coins simultaneously and are prepared to retain coins for the long term to obtain total trade value appreciation. Compared to retaining the coins, the rebalancing bot has the advantage of configuring the bot’s rebalance conditions and leveraging the Pionex exchange rate changes between the tokens to carry out rebalancing arbitrage to accomplish the objective of earning coins.
Grid Trading Bot
Pionex grid trading bot is a trading tool that allows people to automatically purchase cheap and sell high in a defined price range. Cryptocurrency trading bots can help to prevent erroneous trading choices induced by human factors in the unpredictable digital asset market. Grid trading bots will let you precisely apply your low-buy-high-sell trading tactics.
Trade
One of the biggest market makers, this automated Pionex trading platform provides MSB money services business by placing trades and allowing people to use their smart trade terminal platform and money. A high-volume trader can visit the official website and click on Trade to start placing trades after completing the registration process. They can place trades in the form of digital currencies that Pionex’s desktop platform supports. Check all the automated trading indicators and other trading volumes with the latest fiat price before placing.
Market
The automatic trading platform supports many cryptocurrency bot trading markets across the world. It provides spot, and leverage, and ranks the market for the people to trade in it. They can view the watchlist and choose to place trades on their favorite markets.
Pionex Mobile App
Pionex offers access to mobile apps and 16 trading bots, including the Grid Trading Bot, which lets you trade currencies like Bitcoin, Ethereum, Dogecoin, and others in a secure and automated manner. Pionex App includes a decent selection of free bots to utilize. They are simple to set up. They have either an AI strategy that backrests and sets the settings or a manual trading approach.
All in all, we have heard good things about the mobile device-based Pionex app. It can act as one of the mobile apps for all crypto trades. The Pionex mobile app also offers plug-ins that help make better trade choices. It also offers the same mobility and security in trading crypto as one may experience on a proper cryptocurrency exchange.
Benefits Of Using Pionex Trading Bots
Investors who have never tried using an automated smart trade bot may find Pionex slightly daunting. However, a great benefit of using Pionex’s bots is the beginner-friendly website with extremely low trading fees and an automated trading strategy. Users who register with Pionex can get immediate access to 16 free trading bots along with other benefits mentioned below –
- A simple and intuitive mobile app
- More than 40 cryptocurrency trading coins accepted
- Pionex aggregates 12 free cryptocurrency trading bots without any programming or coding requirement
- Innovative and excellent liquidity engines integrated with top crypto exchanges like Binance and Huobi
- Low fees for transactions on other major exchanges for every crypto market taker or market maker member
- No minimum deposit is required for the completely free crypto trading bot
- Crypto traders can perform leverage trading, copy trading, manual trading, and futures with the spot future arbitrage bot and grid bot
Earn From Pionex
Structured
Pionex dual investment is a popular structured saving product with a floating income structure not covered by the principle. The yields on various commodities are fixed and known to the traders at the time of purchase, but the settlement currency may be subject to change and unknown to the traders. At maturity, the settlement currency is decided after comparing the settlement price with the pegged price at maturity. Different types of dual investment options are available, including the Bitcoin-USDT Dual Investment structure.
Staking
Pionex features an ETH staking program where both existing and new traders can invest in crypto assets in the Curve or Lido platform with absolute transparency and zero leverage. It is one of the simplest forms of investments offered by Pionex, where traders can stake Ethereum tokens and earn income. Traders do not have to consider or measure complicated income parameters or formulas to stake and earn from Pionex. All they have to do is complete a Curve investment on the Ethereum chain.
Trial Fund
New users at Pionex can claim an exclusive gift of a 1288 USDT trial fund free of cost. Traders can claim the bonus fund and experience the different Pionex products and services without depositing or paying trading fees. To claim the Pionex free trial fund, users need to choose any of the exclusive products offered by the platform, make an investment with the 1288 USDT trial fund and enjoy the profits after the investment settlement is complete.
Pionex Fees
Pionex is a popular Binance and Huobi Global market maker, allowing the platform to keep trading fees at the lowest levels. Pionex is a beginner-friendly automated trading bot that charges extremely low trading fees. For spot and futures markets, market maker and taker fees are fixed at 0.05%, whereas for leveraged markets, the fee is 0.1% for both market makers and takers.
Unlike fiat withdrawals, withdrawing cryptocurrencies are subject to certain transaction fees depending on the cryptocurrency used in trading. Note that, irrespective of the trading volume and deposit methods, crypto deposit at Pionex is free of cost.
Pionex Affiliate Program
The affiliate program offered by the studios is also top-notch; the same mainly works on one parameter, referral. Once you have 10 invitations running bots on Pionex, email the staff at [email protected], and they will activate a 20% commission rebate. Please get in touch with the team if you require a greater commitment.
The affiliate program is open to the following individuals:-
- If the user has encouraged ten people to establish the grid trading bots via the Pionex referral scheme.
- If the individual has more than 5,000 subscribers on YouTube.
- If the user is the administrator of a Telegram group or other talking group with more than 50 active subscribers.
- If the individual has more than 10,000 followers on Instagram.
Pionoex Customer Support
Pionex offers an excellent customer support system. They feature a FAQ section with a wealth of information on various topics. If the question is not answered in the FAQs, visitors can contact the site’s live chat help. The customer support team replies fast and provides useful information on how to get started. You may contact them or post a request on one of Pionex’s social networks to get real-time assistance utilizing their built-in chat tool.
If a user chooses to contact the customer service team directly by email, they can do so using the email address provided on the website. Suppose traders have queries regarding the Pionex cryptocurrency trading platform, taker fees, maker fees, track strategy statistics, withdrawals, deposits, supported tools, grid bot understanding, trade profits, security, holdings, and any other transaction-related queries. In that case, they can always use the live chat feature to contact the supported customer staff.
Pionex Review: Conclusion
Pionex has been around for 3 years but has already made a great name. It has been considered the top cryptocurrency trading bot and provides quality trading advice continuously. They have several bots to allow users to control their Pionex arbitrage bot trading. Some major bots include – DCA Bot, Martingale Bot, Infinity Grid Bot, and leverage trading bot. These trading bots provide users with different trading strategies to tackle different predefined market conditions.
Their time-weighted average price plans are also fairly affordable and have varied services for different countries. Their affiliate program and fee share bonus scheme allow the user more earning power. They allow structured staking and other locking methods, giving users a high yield. It is a great crypto exchange with exceptional automated trading bots; you need to try this now. We hope you like this comprehensive Pionex review.
FAQs
Is Pionex Trading Legit?
Yes, the Pionex platform is legit and duly licensed by the U.S. FinCEN’s MSB (Money Services Business). This makes the platform trusted and legit for crypto trading online.
How to Withdraw From Pionex?
To withdraw the amount, you will have to open up your Pionex wallet and then proceed to take your FIAT out by choosing to withdraw. The amount should be in FIAT, and the processing depends upon the withdrawal method.
Does Pionex Give Demo Accounts?
Yes, they have a demo account option as well as free plans.
What Are Pionex Leveraged Tokens?
Essentially you leverage your existing funds to get more capital from the exchange. The investor uses the same to trade them.
Is Pionex good for beginners?
To trade automatically using bots, Pionex is the best choice. It is easy to use, with many useful tutorials available.