As a crypto trader, it is essential that you stay updated with the trends in cryptocurrency and also adapt to them. We will go through the Pionex platform, just so you get to know more about it.
What is Pionex?
Pionex offers free trading bots. No prior experience with automated trading or cryptocurrency is required, simply activate their built-in trading bots to get started.
This Pionex review will give you all the details on the main characteristics and operation of the trading bot. It is the only exchange in the world to provide free, integrated crypto trading bots.
Also, it is one of Asia’s fastest-growing platforms, and it is an automated crypto trading environment. This article will explain things about Pionex trading bots that should be helpful.
How Does Pionex Work?
As a result of Pionex providing capabilities for developing unique automated strategies, using a Pionex trading bot, Pionex is more than simply another cryptocurrency exchange, according to the Pionex review that can be safe and trusted.
Trading API keys has grown in importance, reducing the necessity of constantly watching the markets. Pionex offers 12 free trading bots that are suitable for both professional and newbie traders.
Since most sophisticated bots require client programming and coding expertise, the lack of setup needed for Pionex bots is a clear advantage.
Key Features of Pionex
Pionex offers a number of the top cryptocurrency trading bots, including the leveraged grid bot, infinity grid bot, and grid trading bot. Here, we’ll look at how to invest fiat money using a following sell bot that is controlled by a trading bot that trades cryptocurrencies.
To receive additional benefits and become market maker members to take advantage of low trading fees, all large-volume traders can also sign up for Pionex’s Market Maker program.
Low fees, top-notch security, and other supported technologies that make it simple for traders to complete activities like secure deposits and withdrawals are some of the biggest reasons why so many traders favor this fantastic platform.
1. Market
Numerous bitcoin bot trading markets exist worldwide, and they are supported by the automatic trading platform.
It also rates the market and offers spots and leverage so that anyone can trade in it. They might select to put trades on their preferred markets after viewing the watchlist.
2. DCA Bot
DCA is one of the most fundamental trading strategies (Dollar Cost Averaging). Using the DCA approach, the investor makes repeated purchases of the same dollar investment.
Independent of the asset’s current price, purchases are conducted on a regular basis and at predefined intervals. For the DCA strategy, Pionex lets you choose from one of the five-time intervals.
3. Grid Trading Bot
A trading program called the Pionex grid trading bot enables users to automatically buy low and sell high within a specified price range.
Trading bots for cryptocurrencies can aid in preventing bad trades brought on by human factors in the volatile market for digital assets. You can exactly implement your low-buy-high-sell trading strategies with grid trading bots.
4. Rebalancing Bot
If you are confident in several coins at once and are ready to keep coins for a long time to benefit from an increase in the overall trading value, you can utilize the rebalancing bot.
The rebalancing bot has the advantage of defining its rebalance criteria and utilizing Pionex exchange rate fluctuations between the tokens to conduct rebalancing arbitrage in order to achieve the goal of gaining coins. This is in contrast to holding the coins.
5. Trade
This automated Pionex trading platform is one of the largest market makers and offers MSB money services business by placing trades and enabling users to use their smart trade terminal platform and money.
After completing the registration process, a high-volume trader can visit the official website and select Trade to begin placing transactions. They can execute trades using the supported digital currencies on the desktop platform of Pionex.
Before putting, make sure to compare all of the automatic trading indicators and other trading volumes to the most recent fiat price.
Pionex Pros and Cons
Pros
Below are the pros and cons of pionex;
- 16 free trading bots built-in
- Each and every bot is cloud-based
- Competitive costs on every transaction of 0.05%
- Pionex takes pride in having strong security procedures in place to protect the cryptocurrency assets stored on its exchange
- Tutorials that are useful and explain each trading bot
- Email and live chat customer service
- It supports more than 120 different cryptocurrencies.
Cons
- Demo account practice for trading is not possible
- Currently, there are no ways for withdrawing fiat
- There is no telephone number.
Benefits of Using Pionex Trading Bots
Pionex could seem a little intimidating to investors who have never tried utilizing an automatic smart trade bot. However, employing Pionex’s bots has many advantages, including its user-friendly website, automated trading technique, and exceptionally inexpensive trading fees.
16 free trading bots are available right away to users who register with Pionex, in addition to the additional advantages detailed below.
- An easy-to-use smartphone application
- More than 40 cryptocurrencies are accepted for trade.
- Licenses from the Monetary Authority of Singapore and Money Services Business
- Pionex compiles 12 free cryptocurrency trading bots that don’t require any coding or programming knowledge.
- Top cryptocurrency exchanges like Binance and Huobi have integrated cutting-edge and excellent liquidity engines.
- Low transaction costs for all cryptocurrency market participants including market makers.
- The 100% free cryptocurrency trading bot has no minimum deposit requirements.
- With the help of the spot future arbitrage bot and grid bot, cryptocurrency traders can engage in leveraged trading, copy trading, manual trading, and futures trading.
Pionex Mobile App
Pionex provides access to 16 trading bots and mobile apps, including the Grid Trading Bot, which enables safe and automatic trading of various currencies like Bitcoin, Ethereum, Dogecoin, and others.
There is a respectable range of free bots to use in the Pionex App. They are easy to assemble. They either use a manual trading strategy or an AI strategy that sets the parameters and rests.
Overall, the Pionex app for mobile devices has received positive reviews. It can serve as a mobile app for all cryptocurrency trades. Additionally, the Pionex mobile app provides plug-ins that support improved trade decision-making.
More so, it provides the same security and mobility for bitcoin trading as those found on legitimate cryptocurrency exchanges.
Pionoex Customer Support
Pionex has a top-notch customer service system. They provide a comprehensive FAQ area with answers to many questions. Visitors can speak with live chat support on the website if their question is not addressed in the FAQs.
The customer service staff responds quickly and offers helpful advice on how to get started. You can obtain immediate support using their built-in chat function by getting in touch with them or by making a request on one of Pionex’s social networks.
The email address listed on the website can be used to get in touch with the customer care team directly if a user so wishes.
Let’s say that users have questions about the Pionex cryptocurrency trading platform, taker fees, maker fees, and any other transaction-related questions. They can always use the live chat tool to get in touch with the available customer service agents in that situation.
Conclusion
Overall, Pionex provides its users with a number of benefits, including exceptionally cheap costs, access to 16 free trading bots, and a comprehensive mobile app that enables users to trade while on the go and make use of the exchange’s distinctive features.
Customers can feel confident using the platform which makes Pionex one of the growing user bases and MSB license with FinCEN in the United States, as well as one of the strictest and most well-known regulatory markets in the world.
Not to add that it has $10 million in backing from significant investors and keeps its money on two of the most well-known cryptocurrency exchanges.
As a result, customers now have a simple user interface (UI) to speed up transactions, as well as access to competitive pricing and a variety of free bitcoin trading bots.
FAQs
Yes, it is the best choice for beginners.
Is Pionex Trading Legit?
Sure, the Pionex trading is legit and it is also duly licensed.
Does Pionex Give Demo Accounts?
Yes, they give demo accounts.
How to Withdraw From Pionex?
You must first access your Pionex wallet and select to withdraw in order to withdraw the specified amount. The processing is determined by the withdrawal method, and the amount must be in FIAT.
What Are Pionex Leveraged Tokens?
In essence, you use leverage to obtain extra capital from the exchange. The investor trades them using the same.
Are Pionex Crypto Bots Free to Use?
Yes, they are free.
What are the Trading Fees on Pionex?
Since Pionex has no minimum transaction volume restriction and extremely cheap trading costs of just 0.05%, traders will find it to be a good low-fee option. You may just sit back and let the bots handle things rather than worrying about every trade eating away at your earnings.
Can I Use the Pionex Trading Bots on my Mobile?
Yes, you can.
Is Pionex Safe?
Definitely, Pionex is safe and can be trusted.
