Pionex Review: Exchange with 12 Crypto Trading Bots

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What is pionex?

Pionex is a world-first exchange that offers integrated trading bots for free. It is an automated cryptocurrency trading environment that was launched in 2019 and has been one the fastest-growing platforms in crypto.

The company has a USA Money Services Business License (MSB), as well as a Monetary Authority of Singapore license (MAS). The liquidity engines are sourced from Binance and Huobi Global. This allows the bots to match orders and operate 24/7. Pionex has been invested by ZhenFund Capital and Gaorong Capital, two prominent Chinese venture capital firms.

How Pionex works

Pionex, a cryptocurrency exchange, provides tools for creating customisable automated strategies using free bots. Pionex provides 12 trading bots for free to both novice and advanced traders. Auto trading makes it easier to monitor the markets 24 hours a day. Copy trading allows novice traders to copy the strategies of top traders.

Pionex cryptocurrency trading bots

Pionex was the first exchange to exclusively trade with bots. These are the available crypto trading bots.

Trailing Buy

When the asset value is falling, adds to the position. When the price changes, buying stops

Trailing Sell

Trailing stops are placed on orders to limit potential losses in the event of market shifts.

Smart Trade

You can exploit market trends while taking low account risks by selling and buying with trailing or fixed stops.

Grid Trading

You can buy and sell orders within a price range, which ensures stable profits and low volatility. Ideal for beginners and those who are new to automation

Reverse Grid

As coin prices drop, your holdings will increase. This is a method to sell coins at high prices relative to predetermined upper or lower limits.

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Margin Grid

You can make a profit by lending crypto coins to Pionex users, and also earning capital to trade.

Leveraged Grid

Margin loans can be used to leverage the standard grid bot’s results. They are available in 1:1.2, 1:1.5, 1:2, and 1:1.3 leverage rates

Leveraged Reverse Grid

This adds leverage to the standard reverse-grid bot to increase trading results and profit potential. Available leverage ratios of 1:1.2, 1:1.5, 1:2, and 1:3.

Infinity Grid

This strategy uses percentages with no upper limit and is similar to the grid bot. This strategy is best suited to investors who believe that the market will rise.

Time-Weighted Average Price (TWAP)

Large volumes of cryptos are bought and sold in smaller orders during a specific period. This creates an average asset price

Dollar-Cost Averaging (DCA)

To offset volatility’s effects, set up repeated purchases at regular intervals.

Spot Futures Arbitrage

A bot that trades in the futures market, capturing differences between spot and future prices. APR returns between 15% and 50%. Pionex SAFU compensation program is also available up to 50,000 USDT

Pionex offers a variety of bots with different purposes. It is possible to modify the trading bot that you are using as market conditions change. Each one works best under different market conditions.

Pionex is a Liquidity Backed Engine

Pionex can run its bots 24 hours a day because it aggregates liquidity from Binance Global and Huobi Global. Pionex can combine the liquidity from both these top global exchanges to make sure it can match orders that the bots require to continue to perform.

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About 60% of Binance and Huobi orders can be aggregated and made available to Pionex bots or traders. It isn’t 100% because there are always fake orders on the order book. These two brokers provide enough liquidity to enable Pionex’s automated trading bots to function properly.

Trading fees very low

Pionex acts as a market maker on Binance and Huobi Global, and therefore enjoys low fees. The exchange’s pricing structure is 0.05% per trade. This is comparable to Binance & Kucoin, at 0.1%, and Cryptohopper, at 0.15%. The Pionex trading bots are free to use.

For those who trade over 300,000 USDT, market maker programs are available. Clients will be eligible for 0% taker fees and 0.05% client fees.

Pionex – Cryptocurrencies

Pionex allows users to trade more than 120 assets using a variety of trading pairs.

Are fiat currencies supported on Pionex? 

 

Deposits and withdrawals can only be made in cryptocurrency. Stablecoins like USDT are recommended for transferring between exchanges and when you want to preserve your trading capital.

Pionex: The pros and cons

Pros Cons
12 trading bots that are free to use Fiat currency is not supported
Mobile friendly No demo account
Trading fees are low
Can be used to fund the account with 40 coins
Regulated in Singapore and the USA

Conclusion: Pionex is worth a try!

Pionex views cryptocurrency trading in a new way. The technology is leading the way, making it a great choice for large volume investors who don’t have the time or desire to trade manually daily. You can choose from 12 different trading robots to best suit your market conditions. The blog provides information about how different bots work. Users can use it to learn more about which strategies and bots will work for them.

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