If you’re into cryptocurrency, you may already know about the Pionex crypto exchange. Launched in 2019, this exchange is intent on automating the trading process in the crypto markets. 

We intend to provide valuable information in the following Pionex review.

This cryptocurrency exchange has 16 free crypto trading bots, which is perfect for newbies just starting out in this market.

Pionex is easy to use and offers comprehensive tutorials for all their bots, showing you how they work and what each one is best suited for.

This Pionex review will cover all you need to know to better understand this platform.

Pionex Review 2023

Pionex

Pionex was founded in 2019 and is headquartered in Singapore. It is a mobile app with many features for trading. Deposits can be made via cryptocurrency, credit card, or Apple Pay.

This exchange supports cryptocurrencies such as BTC, ETH, TRX, LTC, SOL, and over 120 others. It also supports fiat currencies such as USD, EUR, TWD, and 13 others. 

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What you should know about this crypto exchange platform is that you don’t need any experience to get started on your journey in cryptocurrency trading.

It gives you all the tools you need to get started so you can mitigate the risks of losses. 

Remember, this system is free to use, but it charges fees of 0.05% per transaction for makers and takers. Deposits via cryptocurrencies are free. Deposits via credit card in Europe comes with a 3.5% fee and outside of Europe is 4.5%.

What is Pionex?

If you are totally new to the whole cryptocurrency and exchange ideals, we will help you out with that in this section of the Pionex review. 

We already mentioned that Pionex is a cryptocurrency exchange platform., but what’s an exchange?

Simply put, a cryptocurrency exchange is a platform used to buy and sell crypto assets like Bitcoin, Ethereum, etc. The exchange plays the role of an intermediary between cryptocurrency buyers and sellers. 

In crypto terms, the makers and the takers. In essence exchanges act as brokers allowing you to deposit money though means like bank transfers, wire, and other regular methods of depositing funds.

Pionex is a crypto exchange where you can deposit funds, buy and sell assets, and otherwise manage your digital assets.

Some exchanges also have wallets, which are a means for storing digital assets. That’s a topic for another time.

What are Pionex’s Features?

Pionex Dashboard

This crypto exchange app has achieved popularity heights since its introduction in 2019. As a matter of fact, this is one of the leaders in the exchange market.

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Here are some of the key features offered by Pionex.

  • Automated trading through 16 free bots.
  • Manual trading via market and limit orders. 
  • Super low and fair trading fees of 0.05%.
  • More than 120 supported cryptocurrencies.
  • Viable liquidity accumulated from Huobi and Binance.
  • Apps for iOS and Android.
  • Tutorials to help explain the bots and how to use them.
  • Live chat plus email customer support.
  • Access to leverage trading.

Who Is Pionex Best Suited For?

Newbies are welcome at this exchange and can begin trading after watching some tutorials about how this exchange works and how to use each bot. This is a learning experience, not just an investment tool.

Mobile crypto investors will find this exchange easy to use, highly functional, and perfect for everyday trading. 

Anyone who is seeking an investment strategy that mitigates risk is the ideal person for this crypto exchange. With 16 free bots and tutorials on how to use them helps anyone reduce their risks in the volatile market.

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Traders who don’t have a lot of time to invest in market research and strategy creation will love this app. 

The bots are easily configured to your needs. You can also choose to go manual if you already have a solid background in cryptocurrency.

What Bots Does Pionex Offer?

Since the trading bots play the primary role in automating trades on this exchange, we will list some of the bots offered here and briefly explain their use.

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Grid Trading Bot

The concept behind the grid trading bot is to buy low and sell high. In this instance, this bot buys and sells orders that are within assigned price ranges, which secures small yet stable profits from market volatility.

This type of bot is ideal for beginners or traders new to automated trading.

Reverse Grid Bot

This is another form of grid trading bot that boosts your holdings as asset prices go down.

This is specifically for selling coins when high prices are achieved related to fixed upper and lower limits. 

Infinity Grid Bot

Another type of grid trading bot is the infinity grid trading bot, which is an advanced profit release trading strategy much like the grid bot itself. This uses percentages, but no upper limit price range.

This is best used by investors with a background in crypto who think the market is on the rise.

Margin Grid Bot

This type of grid bot is for lending coins to other Pionex clients, not from trading coins. You do earn extra capital to offer the funds for trading.

Leveraged Grid Bot

The leveraged grid bot adds that extra leverage to the conventional grid bot to boost trading outcomes and profit probability. 

Leveraged Reverse Grid Bot

Much like the leveraged grid bot boosts the standard grid bot profitability,  this one boosts results by adding leverage to the reverse grid bot. 

Smart Trade Bot

The smart trade bot works by exploiting market trends, reducing risk through buying and selling with trailing or fixed stops.

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Trailing Buy Bot

This bot adds to a position when an asset value drops. When prices reverse, it stops buying.

Trailing Sell Bot

The trailing sell bot limits possible losses during sudden market fluctuations and shifts by placing trailing stops on existing orders. 

Spot Futures Arbitrage Bot

When it comes to capitalizing on market price variations, the spot futures arbitrage bot hits the spot, so to speak.

You will also see this bot referred to as SAFU. This type of trading bot targets APR returns of between 15% and 50%.

Dollar-Cost Averaging Bot (DCA)

DCA bots offsets the effects of volatility by setting repeated buying at routine intervals.

Time-Weighted Average Price Bot (TWAP)

The TWAP bot buys and sells bulk volumes of cryptocurrencies through smaller orders over an assigned time period, which creates an average asset price.

The best way to learn about all 16 free trading bots on Pionex is to watch the tutorials. That is how you discover the best bot for your needs.

What’s in The Pionex Trading Platform?

Pionex

Next, we will take a peek into the actual trading platform of this exchange. This is where the magic happens.

Not only does this system offer a mobile app, you can also access it via web browser.

It’s compatible with all the leading browsers like Chrome, Firefox, Explorer (maybe Edge), and Safari. 

This advanced platform has everything well organized, making it easy to find what you’re looking for at a glance.

Some key features on the platform:

  • Live market cap
  • Coin rank
  • Live chat (built in)
  • Manual buy and sell
  • Customizable time filters
  • Watchlists, live coin holdings, and favorites
  • TradingView charts
  • Total trading order history
  • Dark and light modes
  • Totally customizable interface
  • Multiple technical indicators like Price Oscillator, Bollinger Brands, and MACD

The Mobile App

The main use for this trading platform is through its mobile app. You can create grid and DCA trading bots wherever you go.

Other things the app will let you do is track your strategy stats, and get real-time notifications and news.

The app is intuitive and clean with multiple positive user rankings that consistently boost it up in the app stores.

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By the way, you get all of the same features on the mobile app as you do the desktop or browser versions.

It’s a fully functional exchange app. It’s so mobile-friendly that the app is just as easy to navigate as the browser and desktop platforms. 

Pricing

Being a market maker for HuobiGlobal and Binance, Pionex is able to offer low fees.

The pricing structure per trade is 0.05%, which is fair and competitive compared to the 0.1% of Binance and Kucoin.

Otherwise, there are no other fees or charges for implementing its trading bots. As mentioned before, this fee schedule is based on the maker- taker ideal.

That means you pay a fee when you place trades that “make” market liquidity as well as those that “take” market liquidity (0.05%). The fee is not taken until your trade closes and is taken from your balance.

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If you are or plan to be a high-volume crypto trader, it may be a smart move to apply for the Pionex Market Maker Program.

To qualify, you must deposit a minimum of $300K USDT into your account. If you qualify, you pay nothing for maker fees.

Taker fees remain the same. You can only apply for this program within the first 10 days of the month.

Top Crypto Bots

Crypto BotRatingPrice
Pionex4.85 Always FREE
Bitsgap4.6 Check Price
Coinrule4.25 Check Price

Withdrawals

First, only clients can withdraw their assets. The fees for withdrawals differ among coins. 

Security

The security of Pionex’s trading platform abides by US regulations. Therefore, the security measures are of the highest quality.

Its security is backed by Gaorong Capital, ZhenFund, and Shunwei Capital accounting for over $10 million. 

It also has its Money Services Business (MSB) license you can only get through the Financial Crimes Enforcement Network in the United States.

This allows for analyzing online financial transactions to reduce money laundering and fraud. 

Customer Service & Support

Live chat from the website or email support are offered for customer service. You can now also reach out via Telegram.

There are no hours of operation listed regarding its customer service on the site.

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You will still get excellent customer service and support in a reasonable time frame. In the future, it may have plans to offer 24/7 support. 

You may find tutorials on the website to help you with most issues that may arise from the system. That is one of the things that helps companies save time and money.

Pionex Review: Pros and Cons 

Just like any cryptocurrency exchange, Pionex comes with pros and cons. Let’s take a look at them here.

Pros
  • Intuitive and simple mobile app
  • Over 40 cryptocurrencies for funding accepted
  • Low trading fees in comparison to other exchanges
  • Money Services Business license by US FinCEN
  • Superior and revolutionary liquidity engines accumulated from Huobi and Binance
  • 16 free built-in trading bots with tutorials, so no coding or programming knowledge needed
  • Customizable user interface that is also user-friendly
Cons
  • No demo account available
  • No fiat deposits or withdrawals
  • No telephone contact for support
  • Withdrawal limits and fees may apply
Pionex

FAQs

Where Is Pionex Accepted?

As of this writing, Pionex is accepted in the United States, Australia, Thailand, Canada, United Kingdom, Singapore, South Africa, Hong Kong, Germany, India, France, Denmark, Italy, Norway, Kuwait, Luxembourg, Qatar, Sweden, United Arab Emirates, Saudi Arabia, and most other countries.

How Do You Sign up For an Account on Pionex?

The signup process on Pionex is simple. You just choose the “Sign Up” button found on the site and input the requested information in the form to create your login details.

You will need either an email address or phone number to sign up. They send a verification code to you on one or the other. Just follow the directions to sign up.

What’s Pionex Lite and Is It Safe to Use?

If you have seen Pionex Lite, you know a bit about crypto exchanges. This product is one that supports USD purchases of Ethereum and Bitcoin.

This app is legitimate, safe, and ideal for newbies to the market. Google’s authenticator for 2FA is recommended.

Conclusion

As we complete this Pionex review, we firmly recommend the Pionex crypto trading app and platform for users at all levels.

Since it provides comprehensive tutorials that anyone can follow, even the newbie in crypto can get started on a positive path.

The only thing we don’t like is the fact that there is no demo account, though that’s not something that affects the credibility, reliability, or reputation of the exchange.

If anything, since there are tutorials, maybe it makes sense to them not to have a demo account. 

Pionex has an ample range of supported crypto with over 120 coins. We really like the fact that they are so fair about their fees. Almost everything this exchange does helps its liquidity.

We hope we have provided all the information you need to make a good decision about whether Pionex is the right crypto exchange system for your needs.

We do highly recommend it and we also recommend that each person do their own research before diving in. 

Review Summary

Pionex

This cryptocurrency exchange has 16 free built-in crypto trading bots, which is perfect for newbies just starting out in this market. Pionex is easy to use and offers comprehensive tutorials for all their bots, showing you how they work and what each one is best suited for.

Price: 0.05%

Price Currency: BTC

Operating System: Windows, Mac, Linux

Application Category: Crypto

Editor's Rating:
5

User Reviews

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