Pionex cryptocurrency exchange is a rapidly developing and unique platform offering a broad range of easy-to-use but smart trading bots which are highly customizable and offer a lot of strategies. It was founded in 2019 and it is one of Asia’s fastest-growing platforms with more than $100 million in Pionex trade volume daily. It is an automated crypto trading environment.
Registration and trading on the exchange are free of the KYC process. However, users must go through KYC to increase their withdrawal limits.
Pionex crypto exchange has a specially designed platform for investors based in the United States of America called Pionex US. This platform is tailor-made to adhere to US restrictions on the use of automated bots for trading. Furthermore, the company is licensed under the USA Money Services Business (MSB) with the Singapore Monetary Authority (MAS).
As of writing, there are 6 markets on the platform – BTC, ETH, USDT, BNB, BUSD, and USDC. Furthermore, there are 379 Pionex trading pairs available across all markets. Apart from Pionex spot trading, the platform provides other trading features like derivatives, margin, and arbitrage trading.
The Pionex exchange fees are charged according to the trading instrument you want to make use of. For spot trading, the platform charges 0.5% on maker and taker trades, while 0.1% is charged on the leveraged maker and taker trades. Accordingly, withdrawal fees and limits are structured based on the networks involved and the KYC level of the user. For the three levels of KYC, the withdrawal limits are 0, 1000, and 1 million USDT each, with level zero being a new account that has not been verified and level 2 being an account that has been verified with all necessary documents.
For crypto withdrawals, Pionex crypto price for BTC withdrawals varies, depending on the network. For BTC withdrawals on the Bitcoin mainnet, a withdrawal fee of 0.0004 BTC is charged, while BTC withdrawals on the BSC network attract a fee of 0.00001 BTC. This fee structure is replicated across all cryptocurrencies listed on the platform with different prices for each withdrawal network option.
On the platform, you can deposit all major cryptocurrencies, and fiat as well via credit card deposits. This costs 3.5% for European deposits and 4.5% for non-European users. Furthermore, although there is no minimum deposit amount on the exchange, each trading pair has a minimum order volume. That is why, in some pairs, users may be able to set up a bot with less than 50 USDT, but not in others.
Apart from providing over 16 trading bots, the Pionex cryptocurrency exchange has a number of unique characteristics that sets them apart from other trading bot providers. One such feature is the Trigger price function. You can create an optional start-price for the bot using the Trigger Price function. After you create the bot, it will freeze your assets and will not do anything until the trigger price you specified is reached. When that occurs, it will begin as if you were creating the bot normally at that price.
Also, the platform offers opportunities to earn passively through staking programs. Users who do not wish to trade can stake their crypto assets for rewards after a set period of time. Some of the assets that could be staked include crypto assets like USDT, ETH, and more.
Another feature is the Stop Loss price. It allows you to set an optional “emergency” sell price below your lower limit price (or above the upper limit price on Short-Bots). If that price is reached, the bot will be closed and all base assets will be sold to prevent further losses if the price keeps going down.
Finally, traders can make use of the “Release Profit” option to release their profit from Grid Bots and Reverse Grid Bots without having to outrightly cancel them. This is handy if you have set up long-running bots that have already generated a good amount of profit. This helps to secure your profits and makes sure they are not lost by the bot.
About the Company
Pionex cryptocurrency exchange is headed by Daniel Seng-Cheng. Together with a team of over 80 experienced minds, they work hard to build and make the platform better and more profitable for its users. Daniel has more than 30 years of experience in the finance industry, with Hong Kong SFC Securities Qualification. The team has professionals with previous experience working at large companies and corporations like Cheetah Mobile, Alibaba Group, and Baidu.