Pionex offers leading crypto bots that are fully automated and free to use. The exchange is reputed for its good liquidity and low commission fee. With this crypto platform, you can select the bot of your choice, trade the markets, and earn passive income without much effort. The service offers a wide range of assets and provides good support.
Pionex is a crypto exchange offering integrated crypto bots. The inbuilt bots are free to use and have varied strategies that enable you to achieve successful results. The platform boasts users spread over 100 countries and regions worldwide. A monthly trading volume of more than $5 billion and daily trades crossing more than 100 million are highlights of the company. It has been in service for 1077 days with an impressive uptime of 99.99%.
How it works
The use of integrated bots enables the platform to avoid issues related to API connectivity at times of high traffic. Users can choose from the available bots and trade on the exchange directly without the hassle of API key creation. Further, the platform allows you to use up to 30 active bots on every trading pair.
How to get started with Pionex?
Starting with the platform is simple and done in a few easy steps:
- Visit the official site and use the Sign-up option on the right upper corner to register
- Enter your phone or email address and create a password
- You will receive the sign-in credentials in your email using which you can start using the platform
- Choose from the available bots present on the home page
- After configuring the bots with your requirements, the bots are ready to trade
How much does Pionex cost?
The bots are free to use but the platform has transaction fees that are lower for VIP members. A maker fee of 0.05% and a taker fee of 0.05% are used for spot transactions and for leveraged trades the fee is 0.1% for maker and taker.
Fees and commissions
A flat 0.05% commission fee is charged by the service. Withdrawal fees vary based on the coin. For instance, BTC has a withdrawal fee of 0.0005 for mainnet, 0.00001 for BEP20 (BSC), and 0. 00001 for HECO.
Which cryptocurrencies and exchanges are supported?
As per the vendor, the service partners with crypto brands such as circle, Binance, Simplex, Sumsub, Banxa, and coinfirm. It aggregates liquidity from Huobi and Binance.
Security and reliability
According to the vendor, the service maintains appropriate technical, administrative, and physical security measures to safeguard the personal information of users. Firewalls, access controls, and data encryption are a few of the measures.
What languages does Pionex support in their product?
English, Bahasa Indonesia, Bahasa Malaysia, Dutch, Portuguese, French, Spanish, Turkish, Vietnamese, Chinese, Japanese, Thai language, Russian and Arabic are the languages the platform supports.
What kind of support options does Pionex offer?
An FAQ section, video tutorials, blog, and social media links to Telegram, Discord, Twitter, Line, and Facebook are the support options present. An online contact form is also present.
The core team
As per the company’s Facebook page, members include Dave Yeh, Chris Costello, Grid Botguru, Christine Fish, Josey Wyatt, and Lunik Hsu.
Strategy: grid, leveraged grid, reverse grid, DCA, and more
The bots use different strategies such as the grid, DCA, Martingale, and more. Based on the bot you choose, the strategy varies. For instance, if you choose the grid bot, you can use 30 maximum grid bots with start trigger, SL, TP, and low risk.
Pionex review: backtesting
No backtesting feature is present for assessing the performance of the bots on the platform.
The vendor’s claims of big trading volume, large user base, and a huge number of trades reveal the efficacy of the system. However, there is no verified performance proof present.
Pionex: user experience
The platform has a convenient user interface that will appeal to newbies and seasoned traders. For first-time users, the platform provides a good user experience.
Should you use Pionex?
The free bots and versatile strategies along with a user-friendly interface make the platform ideal for beginners. Seasoned traders will also find the various bots and low commission fees advantageous.
Fees and Commissions8/10 Very good
Price8/10 Very good
Ease of Use9/10 Amazing
- Free trading bots
- Low commission fee
- Integrated bots
- User-friendly interface
- No verified track record