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Pionex Review: A Credible Crypto Exchange Platform?

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Pionex Review: A Credible Crypto Exchange Platform?

Pionex is the world’s first Cryptocurrency trading platform with in-built trading bots. For traders interested in using automated Crypto bots, this is the platform of choice. Pionex.com is a Singapore-based platform that operates under the BitUniverse Company. It goes to show how reliable the platform is thanks to the experienced team. With this platform, you get a total of 12 bots to work with. These bots offer a different array of strategies fit for every market. Learn more in our detailed PIONEX Review.

Pionex Review

About Pionex

Founded in 2019, the platform is one of the best markets for crypto bots. We find the platform highly engaging and have received several praises from users. Once you land on the homepage, you realize that the platform is easy to use.

Navigating through the website offers users an appetite for trading. All information is available thanks to the easy web design, and you won’t get lost.

Even though the broker is not well known, they do have a high ranking and trust score. The platform is already a best seller in Asia and parts of Europe.

Crypto traders hail the bots for various algorithms and compatibility with market conditions. The platform offers bots that capture every possible market condition. With over 10 bots to choose from, it makes the platform one of a kind.

Automate your trading

The reason why bots are the best go-to for trading is the automatic feature. Even newbies who don’t have a clue about crypto trading can use these bots. With the automatic feature, you can leave the bot to trade on your behalf.

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Pionex offers some bots that trade 24/7 on behalf of the user. It’s a match made in heaven as you only wait for the bot to make a profit for you. Automatic crypto trading bots will help all classes of investors.

With a volume of approximately $30 daily volume, pionex.com is a force to reckon with. The platform does not charge any monthly fees, unlike other bot service providers. As a trader, you only get a charge of 0.05 percent trading fee.

It’s one of the most affordable platforms to use. The bots accommodate all classes of investors. Depositing and withdrawing fees depend on the terms and conditions of your wallet provider.

Pionex supports 5 exchanges. There’s no trial period as the bots are free to use. Members can test the bots using demo accounts and get to see them in action. It’s an incentive from the developers to test the bots before making any commitments.

These robots offer users a chance to see them in action. It gives the user confidence to search for which bot works best for them. These bots offer multiple currency support with partnership programs available.

Available Crypto Trading Bots on Pionex

Pionex.com review

Dollar-cost Averaging

It has to be one of the simplest strategies for trading. Data shows 90 percent of traders would be in a better position if they used this strategy. Most traders use this strategy to invest long-term in Bitcoin and Ethereum. It’s also less risky when investing in Altcoins, making it a favorite strategy amongst crypto traders.

Grid Trading Bot

The bot profits from the up and down price movements in the market. Traders set a price range, and the bot does the rest. Grid trading bot makes it easy to gain passive and stable profit with low risk.

With the volatile crypto market, this is one of the best bots to use as it helps avoid emotional decisions. The maximum number of grids to set is 150 but, the platform plans to increase this to 500. 30 bots per trading pair is the maximum number of grids allowed for separate trades.

Infinity grid bot

A premium version of the grid trading bot, infinity grid bot offers a perfect example of safety. With this strategy, traders don’t have to worry about exceeding set grid parameters. It helps users buy low and sell high and ensures the number of assets remains the same.

Leveraged Grid Bot

The strategy is new in the market and leverages investments to magnify profits. It combines the lending market scene and allows users to leverage the principal for higher profit. Once you set the parameters, the bot will immediately start trading on your behalf.

Leverage Reversed Grid Bot

This strategy multiplies invested assets by leverage and directly amplifies profit margins. It’s a combination of leverage and uses the notion ‘sell first, buy later.’

Margin Grid Bot

It combines typical grid strategies with the lending market and allows traders to lock in their assets. Traders get the chance to lock up their funds as collateral. A trader can also long or short with a margin grid bot.

The bot is ideal for advanced traders who profit from the trending market. These traders don’t have to risk their long-term holding position.

Reverse Grid Bot

The strategy helps users accumulate coins when prices drop. Traders sell their prices at the current level and repurchase them when the prices drop.

Spot Futures Arbitrage Bot

With coin prices surging 15 percent and more, most traders use the arbitrage bot to catch crypto volatility. The availability of perpetual futures contracts makes the crypto market ever volatile.

Trailing Take Profit Bot

This is a perfect strategy for those who sell assets and find the price continuing to rise. It would be best if you used this bot to avoid this scenario. The strategy helps traders sell close to the top of a pump thus, maximizing profits.

TWAP Bot

It’s a sophisticated way of buying and selling than simply executing single trading orders. Whales use the strategy to execute large orders without affecting the market price.

Which Bots Should I Use on Pionex?

Most bots on Pionex were created for very different purposes depending on the behavior of the particular pair/market. Most of them are profitable depending on how you use them. Personally, I use mainly the grid trading bot, infinity grid, and DCA.

Grid Trading Bot

The return on the grid trading bot is very impressive. From my experience, the returns can vary widely depending on a number of factors such as the pair you are trading, the current market condition (bull or bear market), and most importantly, the configurations which you have used to set up the bot.

If you like to HODL like me but don’t like to keep your assets idle or stake them on Binance, you can turn to any bot on Pionex for help. There are simple explanations on each bot to help you understand what it does.

For me, I like to hold my BTC and trade on it (earning more Btc in the process) with the help of Pionex’s Grid trading bot. On one occasion, I made over 40% in just 24 days with the grid bot trading WNMX/BTC:

Advantages of Grid Trading Bot

pionex grid trading bot returns

I could have let the above trade run on auto-pilot and keep on racking up those ROIs but I needed to use my BTC to fund my DCA bots, so had to manually cancel the bot but still got an impressive ROI.

The beautiful thing about grid trading bot on Pionex is that you just have to specify an upper limit and lower limit prices within which you think the pair will fluctuate, and the bot will keep auto-buying low and auto-selling high within that limit. For example, if you think BTC/USDT will stay within the limit of 30000 to 100000, specify that in the bot it will keep buying/selling automatically for you within this range. The same thing applies to other pairs.

Another nice thing is that it’s a no-loss bot! I have never lost with any of the bots offered by Pionex in general except if you decide to close the bot manually at a loss for whatever reason.

Grid Trading Bot set up

For the setup of the grid trading bot, you don’t even need to specify the take-profit/stop-loss prices. It’s important to use as many grids as possible when setting up your bot as it allows the bot to find more trade opportunities for you and therefore increases the likelihood of having more profits with the bot. It’s best to use the AI-recommended settings or you can set it up yourself.

Example of Investment with Infinity Trading Bot

There’s no guarantee that any particular grid bot settings will start yielding reasonable returns quickly as it depends on a lot of factors such as the market condition, the pair you are trading, the number of grids you have chosen, etc.  Remember, the grid bot is almost always profitable in the long run but because I want fast profits as soon as possible with the bot, I like to experiment and try a lot of different grid setups to see which ones give fast yields within the shortest possible time and I just stick with that.

Infinity Grid Bot

The Infinity grid bot – it’s almost identical to the grid trading bot but the difference is that you don’t have to specify any upper limit for the price when setting up the bot.

You just need to specify the lower limit you think the price will ever drop to and you are good to go.

pionex infinity grid bot

The Infinity grid bot is more suited for long-term traders who just wish to set things up and leave them to run on their own.

It’s entirely possible to make 100% or more within just a few days or a couple of weeks with these bots as you can see on the Pionex leaderboard.

Dollar-Cost Averaging Bot

With DCA (Dollar Cost Averaging), my aim is just to accumulate as many assets as possible within my portfolio. As you may already know, when investing in altcoins, it is best to spread out your investments over a certain period of time rather than buying everything all at once. That’s what DCA helps you achieve and with the Pionex DCA bot, you can just select a coin you wish to buy, set the amount and the interval, then the bot will go to work for you.

You just have to make sure there’s enough USDT in your account all the time though if you don’t want the bot to stop the DCA.

With the DCA, I’m looking at a longer-term investment in altcoins here, possibly from 2 years and above since altcoins tend to gain more value over time depending on the asset and the team behind it.

Features available on Pionex

Features of Pionex

Ease of use

Black and white colors prevail as the background of Pionex.com. Even a novice will find all links with ease. Buttons are highlighted with the Orange color, and the interface and app are user-friendly.

Exchange platforms

Pionex is offering five exchanges at the moment. These exchanges include Binance, BitFinex, BitMex, Huobi, and OKEx.

Operating system

Pionex offers traders on the go the chance to continue trading. The app is compatible with Android and IOS devices. Traders can also use the platform’s web portal and get the same services. Both of the versions are bug-free, making it a commendable trading platform.

Profitability

The platform is showing growth potential. There’s no denying the fact that traders are looking for a variety of trading strategies. With over 12 bots, you can rest assured of making reasonable profit margins.

Security with Pionex

Throughout its history, Pionex has not seen a case of a data breach. They provide a safe environment for traders as they aggregate liquidity from Binance and Huobi. With the platform enjoying the backing of BitUniverse, security should not be a concern.

Is Pionex.com Licensed or Registered?

Opening an account with Pionex

Pionex is a registered platform making it a user-friendly option. Traders rest assured there’s oversight within the platform.

Scam or legit Pionex

The platform is completely legit and offers sustainable bot solutions. We give it a five out of a five-star ranking.

Bottom line

We highly recommend using Pionex.com when choosing bot strategies. Get to enjoy several crypto-led bot strategies when trading with Cryptocurrency.

 

Is there a Withdrawal limit for each asset?

Pionex has a 24-hour withdrawal limit for each asset.

What is the grid trading profit calculation?

Total Profit = Realized profit + Unrealized profit

Does Pionex offer Leveraged Tokens?

Yes, due to their popularity, Pionex does offer Leveraged tokens

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