Pionex exchange review
Pionex is a centralized exchange that occupies #50 on Guru InvestingExchange Tracker. Pionex has trading volume US$1,070,345,321 in the last 24 hours and US$337,283,623,988 in the last 7 days.
Currently Pionex has 363 cryptocurrencies, 18 paper currencies and 591 markets (cryptocurrency trading pairs). The most popular trading pair on Pionex is BTC/USDT.
Compare Pionex next to other exchanges here: Exchange comparison tool.
The Pionex cryptocurrency exchange is a rapidly developing and unique platform offering a wide range of easy to use but smart trading bots which are easily customizable and offer a variety of strategies. It was founded in 2019 and is one of the fastest growing platforms in Asia with over $100 million in daily Pionex trading volume. This is an automated cryptocurrency trading environment..
Registration and trading on the exchange are free. KYC process. However, users must complete KYC to increase withdrawal limits.
The Pionex cryptocurrency exchange has a specially designed platform for investors based in the United States of America called Pionex USA. This platform is designed specifically to accommodate US restrictions on the use of automated trading bots. In addition, the company is licensed under the US Money Services Business (MSB) by the Monetary Authority of Singapore (MAS).
Markets
At the time of writing, there are 6 markets on the platform − BTC, ETH, USDT, BNBBUSD and USDC. Moreover, There are 379 Pionex trading pairs available in all markets. In addition to Pionex spot trading, the platform provides other trading features such as derivatives, margin and arbitrage trading..
Pionex exchange commission are charged depending on the trading instrument you want to use. For spot tradingThe platform charges 0.5% for maker and taker trades, and 0.1% is charged for leveraged maker and taker trades. Accordingly, commissions and withdrawal limits are structured depending on the networks involved and the user’s KYC level. For the three KYC levels, the withdrawal limits are 0, 1000 and 1 million USD 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 required documents.
To withdraw cryptocurrencyThe price of Pionex cryptocurrency for BTC withdrawal varies depending on the network. Withdrawing BTC on the Bitcoin mainnet incurs a fee of 0.0004 BTC, while withdrawing BTC on the BSC network incurs a fee of 0.00001 BTC. This fee structure is replicated across all cryptocurrencies present on the platform, with different prices for each withdrawal network option.
On the platform you can deposit all major cryptocurrencies as well as fiat currencies. via credit card deposits. It costs 3.5% for European deposits and 4.5% for non-European users. Additionally, although there is no minimum deposit amount on the exchange, each trading pair has a minimum order size. This is why in some pairs users can install a bot for less than $50, while in others they cannot.
other services
In addition to providing above 16 trading botsThe Pionex cryptocurrency exchange has a number of unique characteristics that set it apart from other trading bot providers. One of these features is Trigger price function. You can create additional start-price for a bot using the Trigger Price function. Once you create the bot, it will freeze your assets and will not do anything until the trigger price you specified is reached. When this happens, everything will start as if you would normally build a bot at this price.
In addition, the platform offers passive income opportunities through betting programs. Users who do not want to trade can stake their crypto assets for rewards after a certain period of time. Some of the assets that can be staked include crypto assets such as USDT, ETH, and others.
Another feature is That Stop loss price. This allows you to set an additional “emergency” sale price below the price floor (or above the price cap for short bots). If this price is reached, the bot will be closed and all underlying assets will be sold to prevent further losses if the price continues to decline.
Finally, traders can use That Option “Release profit” release your profits from Grid bots and reverse grid bots without the need to completely cancel them. This is convenient if you have set up long-lived bots that have already brought good profits. This helps protect your profits and ensures the bot doesn’t lose them.
About company
Pionex Cryptocurrency Exchange Leads Daniel Seng-Cheng. Together with a team of over 80 experienced professionals, they work hard to make the platform better and more profitable for its users. Daniel has over 30 years’ experience in the financial industry and is qualified by SFC Securities in Hong Kong. The team consists of professionals with experience in large companies and corporations such as Cheetah Mobile, Alibaba Group and Baidu.
Pionex related pages
Read the hottest Crypto news.
Watch the animated crypt Video explanation.
Learn Cryptocurrency From scratch.
A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
