Pionex is a trading platform that offers 16 bots that integrate several features meant to increase your income potential in crypto. It brings together investors from different parts of the world, including Canada, Germany, the USA, Africa, Korea, etc. The platform is well-known and has a good reputation among traders.
How does this crypto bot work?
Pionex is a platform that offers to leverage the fluctuations in the crypto market to earn passive income for the user. It seeks to generate profits from every change in price.
Getting started with Pionex
To access the system, you have to sign up with the Pionex exchange first. Follow these steps:
- Key in your email address in the space box labeled ‘subscribe with email’
- After that, click on the ‘Get the bot for free’ button
- Log in to your email and click on the ‘sign up in Pionex’ button
- Enter the code sent to your inbox in the space provided. You will later be required to complete the KYC authentication
- Now you can deposit money and activate the bot to begin trading for you
Company information
Pionex was first introduced to the crypto market in 2019. Only one team member from the company is introduced to the public. He is known as Larry Toh and is the chief compliance officer at Pionex.
Features of Pionex
Here is a list of the bots’ main features:
Earn more bitcoin compared to HODL
You can activate the bots using the bitcoin held in your account and generate more bitcoin when the market fluctuates.
Make money as you sleep
The bots trade automatically round the clock. As a result, you don’t have to spend a lot of your time studying and trying to understand the volatile crypto market.
Buy the dip
Pionex’ systems usually buy an asset when its price has suddenly dropped. This serves to reduce your average buying price significantly, so you can make good profits when its value bounces back and increases.
Strategies of Pionex
The Pionex bots mainly apply the grid strategy. They normally place a series of buy and sell orders to auto buy low and sell high to make profits so long as the present price is in the price range.
Pricing, fees, and commissions
You can get its bots for free. All you have to do is to open an account with the Pionex exchange and obtain them at zero cost. The bots do not charge any trading fees or commissions. However, Pionex’ host exchange charges a small fee of 0.05% on every trade, but there are no other extra costs for using the trading bots.
Deposit requirements
The deposit amount may depend on the minimum investment order volume of the trading pair you are using, the strategy you choose, or the parameter setting.
What exchanges does Pionex support?
All the 16 bots the system offers support the Pionex exchange only.
What languages does Pionex support in their brand?
Pionex mainly supports the English language. All the information about it is conveyed in this language.
Can you really make money with this bot?
Yes, you can. However, the vendor does not guarantee any profits. The income you get will mainly depend on the coins you are using and the conditions in the market.
Advantages of Pionex
- Simple sign up process
Registering with Pionex is straightforward, and you can be done with it in a few minutes and access the bot to begin trading.
- Free to use
The vendor has not placed any price tag on Pionex. Therefore, you can easily acquire its bots at zero cost.
- Offers customer support
Various customer support options are provided to help you navigate the systems with minimal difficulties.
Disadvantages of Pionex
- No demo account
Pionex does not include a demo mode for users to test out its bots first before committing money to them.
Customer support
Pionex customer support can be reached through email. A FAQ section is also present on the official website, and includes subjects like the safety of the system, how the grid bot works, the profit you can make with the software, etc. Other available self-service options include social media channels and the Reddit community. The vendor cannot be contacted by telephone.
Who is Pionex suitable for?
Pionex is suitable for traders interested in working with different strategies, including grid trading.
Pionex summary: is it worth to go for it?
Pionex is definitely worth trying. After all, you have got nothing to lose because it is offered free of charge. The bots are also designed to optimize a user’s income through several methods, including grid trading, HODL, and placing buy orders when the price dips. What’s more, the platform charges some of the lowest fees in the crypto arena.
- Features-5/10
- Ease of use-8/10
- Fees-7/10
- Support-6/10
- Price-9/10
- Payment methods-7/10
