Pionex Review

pionex-review

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. – https://www.pionex.com/blog/

Customer Service

Email, Live Chat

Pros

  • A selection of 18 trading bots available at no cost
  • Significantly low transaction fees
  • Beneficial for gaining knowledge about trading bots
  • Straightforward and easy to navigate, with detailed guides provided for every bot
  • Merges liquidity from both Binance and Huobi exchanges

Cons

  • Inability to deposit using fiat currency
  • Absence of demo accounts for practice or trial

Pionex Review

Pionex distinguishes itself as a unique crypto exchange platform, offering its users the ability to streamline their trading with a suite of 18 complimentary automated bots. Registration is free, and you can begin at your convenience. Delve into our detailed review of Pionex to learn more and decide if it aligns with your trading objectives.

About Pionex?

As a trailblazer in the exchange industry, Pionex stands out by offering 18 free integrated trading bots. This feature allows users to automate their trades round the clock without the need to constantly monitor the market. A notable broker for Binance, Pionex consolidates liquidity from both Binance and Huobi Global. Furthermore, as a verified partner with CoinLedger, Pionex users can leverage CoinLedger’s services for streamlined tax reporting.

Who Should Use Pionex?

Ideally suited for novices in cryptocurrency trading, Pionex simplifies the learning curve. Each bot comes with a ‘Tutorial’ option providing insights into its functionalities and optimal usage. Beginners in trading bots will appreciate the clear, concise explanations in each guide.

Pionex’s all-in-one, user-friendly offering is designed to minimize human error in strategic decision-making. The fact that these bots are available without extra fees makes it an attractive proposition.

Is Pionex Safe?

Backed by significant investments from Gaorong Capital, Shunwei Capital, and ZhenFund, Pionex has also secured a Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network. This oversight helps mitigate online financial fraud and money laundering.

Pionex further enhances its security by storing funds on established exchanges like Binance and Huobi, benefiting from their extensive safety measures. Additionally, its MSB license from FinCEN adds another layer of security, making the use of Pionex a secure choice for traders.

Pionex Platform & Features

Built-In Trading Strategies

Pionex offers an array of 18 diverse, in-built trading bots at no cost. These bots facilitate automated cryptocurrency trading, with a minimal trading fee of just 0.05%. However, it’s important to note that Pionex restricts users to crypto-to-crypto transactions. To deposit fiat currency, users need to first utilize a fiat-supporting broker like Kraken or Coinbase, purchase a base cryptocurrency, and then transfer it to their Pionex wallet.

Easy-to-use Automated Trading

Pionex’s primary focus is its assortment of 18 automated trading bots, though it also supports manual crypto-to-crypto trading. Some of the standout bots include:

  • Grid Trading Bot: Advises on buying low and selling high.
  • Spot-Futures Arbitrage Bot: Aims for a low-risk passive income with an expected 15–50% APR.
  • Leveraged Grid Bot: Enhances profits using up to 5x leverage.
  • Infinity Grid Bot: A superior version of the Grid Trading Bot, maintaining asset quantity while increasing value.
  • Martingale Bot: Utilizes a DCA buy and one-time sell strategy.
  • Rebalancing Bot: Helps maintain your coin portfolio.
  • Dollar-Cost Averaging (DCA) Bot: Reduces volatility impact by making regular purchases.
  • Trailing Sell Bot: Sets rising price targets, selling off assets at each target.
  • Trailing Buy Bot: Buys at market bottoms.
  • Time Weighted Average Price (TWAP) Bot: Aims to minimize transaction costs and market impact.
  • Smart Trade: Combines stop-loss, take profit, and trailing orders in one interface.
  • BTC/ETH Moonshot GRID Bot: Simplifies Bitcoin investment strategies.

Support for Popular Exchanges

Pionex, being a dedicated crypto exchange, does not facilitate integration with other exchanges and focuses on its suite of 16 free trading bots.

Mobile App

The Pionex mobile app mirrors the desktop platform’s functionality, offering a user-friendly interface suitable even for beginners. Users can easily navigate through the app’s features, including setting up a trading bot in under a minute. The app also supports straightforward manual order placement and provides real-time market data, ensuring that users on the mobile platform stay in sync with the desktop version.

How to Open An Account?

The registration process is streamlined and similar on both the Pionex website and mobile app. To start, you can either download the app or visit their website.

  1. On the Pionex App, navigate to the menu and select “Sign up.” On the website, this option is located in the top right corner. You then choose between using an Email or Phone for registration.
  2. Follow the verification steps, which include solving a slider puzzle and checking your email or phone for a verification code.
  3. Create a password for your Pionex account, ensuring it is between 8–16 characters.
  4. After clicking “Next Step,” your account will be active. For added security, it’s recommended to enable 2-factor authentication.

In Conclusion

Pionex stands out as a comprehensive crypto brokerage, particularly appealing to mobile users with its mobile-optimized interface. The ease of use of its website and the availability of free crypto trading bots are significant highlights. The future inclusion of fiat deposit options and enhanced customer support would further elevate Pionex’s offerings.

Pionex is arguably a top choice for those interested in bot-aided trading. Its simplicity, extensive tutorials, and a broad selection of over 120+ cryptocurrencies make it a highly attractive platform for traders.

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