Pionex Review 2024: Benefits, Fees, Pros & Cons

About Pionex

Pionex is an online trading platform that is gaining popularity among crypto enthusiasts. It offers a range of useful tools and trading strategies to help traders succeed. This software is designed to help people trade cryptocurrencies more effectively by providing free trading bots. Even if you have no experience with automated or crypto trading, you can easily get started with Pionex’s built-in trading bots. It is an automated crypto trading environment that has been one of Asia’s fastest-growing platforms.

Dive into our Pionex review to discover all the key features and workings of the trading bot. We’ve got you covered with all the necessary information to guide your decision-making process.

Pionex Summary

Official Website https://www.pionex.com/
Established 2019
Payment Methods Credit Card, Debit Card, Bank Wire, and Ach Transfer
Cloud-Based Yes
Supported Exchanges N/A
Mobile Support  Android and iOS
Trading fees Spot: 0.05% Maker/Taker
Leveraged: 0.1% Maker/Taker
Free Trial Yes
Academy Program No
Affiliate Program Yes (maximum of 40% commission can be earned)
Customer Support Live Chat, Email, FAQs, Social Community Support

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How Does Pionex Work?

Pionex trading bot 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.

The bots process and analyze market data based on specific criteria to identify the best opportunities and execute trades. Trading bots reduce the need for round-the-clock supervision that may be required for extended periods.

Pionex User Interface

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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.

Unlike most bots, which require client programming and coding knowledge, Pionex bots do not require any setup, providing a distinct advantage to its users. In addition to the general workings, Pionex offers various bots such as the spot futures arbitrage bot and the leveraged grid bot. It also boasts a wide range of assets and other features, further enhancing its appeal to users.

Pionex Review: Pros and Cons

Pros Cons
Pionex is an Automated cryptocurrency trading bot that can be set up with pre-defined user strategies. The free and regular plans of Pionex offer fewer features than their competitors.
Pionex has consistently delivered positive results and has a strong reputation. Supports a limited number of fiat currencies.
Pionex’s fee-sharing program enables users to earn passive income. Staking is currently available only for ETH and USD.

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.

Here are the extraordinary Pionex features:-

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. The Pionex trading bot 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.

Key Features of Pionex

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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

The Pionex mobile app is user-friendly and safe, and it is licensed in Singapore and the US. Pionex offers access to mobile apps and 16 automated 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. As per the Pionex trading bots review, it provides spot and leverage trading and ranks the market for people to trade in. Users can view the watchlist and choose to place trades on their favorite markets.

Pionex Mobile App

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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
  • Over 120+ different cryptocurrencies supported
  • Pionex aggregates 16 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. The interest rates for these investments can vary based on the market conditions and the type of commodity.

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.

1288 USDT Trial Fund From Pionex

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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. 

The cryptocurrency trading platform has implemented a maker and taker fee structure in accordance with industry standards:

  • For spot market – Maker: 0.05%, Taker: 0.05%
  • For leveraged trading – Maker: 0.1%, Taker: 0.1%
  • For futures market – Maker: 0.02%, Taker: 0.05%

While withdrawing fiat currencies incurs fees, withdrawing cryptocurrencies incurs certain transaction fees depending on the cryptocurrency used in trading. It’s important to note that regardless of trading volume and deposit methods, crypto deposits at Pionex are free of cost.

Pionex provides a VIP fee structure for high-volume traders that offers lower fees than Binance. The VIP level is updated daily and is based on the 30-day trading volume. Even with Binance’s 25% discount for utilizing BNB, Pionex still offers lower fees.

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.

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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 Trading Bots 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.

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Pionex Review: Conclusion

Pionex has been around for five 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 Legit or Scam?

Yes, Pionex is a legit exchange that is licensed by U.S. FinCEN’s MSB (Money Services Business), which makes it a trusted platform for online crypto trading.

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.

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?

Yes, Pionex is a top choice for automated trading using bots, with a user-friendly interface and helpful tutorials.

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