Crypto Funds

Unbiased Pionex Crypto Bot Review

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Pionex Crypto Bot

Pionex is an automated digital currency trading platform that claims to let you catch even minuscule profits. As per reliable sources, this platform has around 100k active monthly users and a monthly trading volume of approximately $5 billion. It has been featured in well-known media outlets like Botcoin.com and Bloomberg.

Highlights

The key functionalities of the system are as follows:

  • 100% automated platform

This system is capable of functioning 24 hours a day, 7 days a week, without pause. As such, you don’t need to spend time monitoring the market all day. You can leave it up to the bot to do the heavy lifting for you.

  • No reliance on HODL

It is a common tendency among digital currency investors to hold on to their assets regardless of the market movements. Generally, these investors do not have the required technical knowledge to execute short-term strategies like swing trading, day trading, and scalping. However, with this platform, you can start trading immediately with the Bitcoin in your possession and gain more from the price fluctuations.

  • Multiple advanced strategies

No matter your trading style, you can find a robot that suits your requirements. Some of the strategies used by this platform include Martingale, Arbitrage, Rebalancing, Grid, Leveraged Grid, Leveraged Reverse Grid, DCA, Trailing Sell, Trailing Buy, etc. With 16 different bots, you can take advantage of all kinds of market opportunities.

  • In-house exchange

You don’t need to sign up with a third-party exchange. With an in-house exchange available, you can use the bots to directly process trades through the exchange without added commissions.

Verdict: free automated platform with low trading fees.

How to start with Pionex?

  1. The first step is to subscribe using your official email address
  2. Download the software program for free and start trading
  3. On the trading interface, you will see the assets list and the price charts on the right, while the list of available bots is presented on the left
  4. Select the robot you are comfortable with, configure the settings as needed, and it will initiate orders automatically without manual inputs

Pionex pricing

This is a 100% free platform with no monthly or yearly subscription charges.

Minimum first-time deposit requirement

The minimum deposit depends largely on the invested asset and the selected trading scheme. For some of the robots, you can get started with a balance of less than $20.

Withdrawal process

It is possible to withdraw digital assets through Pionex. First, you need to sign in using your username and select the Withdraw option from the account menu located on the left-hand side of the terminal. After that, you need to search the asset name you wish to withdraw. You also need to specify the address where you wish to transfer the assets. Specify the quantity, enter your password and verification code, and complete the 2-factor authentication process.

What about subscription fees and commissions?

There is a 0.05% maker and taker fee for each trade, and this is less than what other platforms charge.

Pionex review: user interface

The user interface is quite intuitive and all the options are laid out clearly for the user to find.

Customer feedback

User reviews for Pionex on Trustpilot

User reviews for Pionex on Trustpilot

This system has an excellent rating of 4.2 out of 5 based on 277 reviews on Trustpilot. Users have heavily praised the promptness of the support team and the affordable trading fees.

Pionex team

The parent company has its headquarters located in Singapore. It was founded in 2019 and is headed by Daniel Seng-Cheng Yeo, the global CEO.

What exchanges does Pionex support?

It has its in-house exchange and does not support external ones.

Is Pionex secure?

You can enable 2-factor authentication to make this platform more secure. This prevents others from logging into your account, even if they have your password. Also, there is a full reserve for your funds and you can withdraw them whenever you wish.

Is it a regulated crypto trading platform?

This platform has the MSB license from FinCEN and can legally operate in sixteen different states in the USA.

Profitability

There is no guarantee of profit and it depends mainly on the market sentiment and the chosen strategy.

Pionex Crypto Bot Conclusion

8.7

If you are looking to make the most of the digital currency market without taking too many risks, this platform is ideal for you. There are several strategies you can access here, and this lets you earn gains in various market scenarios. Also, the parent company is transparent and has a great reputation.

  • Multiple strategies
  • Low trading commissions
  • In-house exchange
  • No demo account

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