In this evaluation, we’ll be attempting to decide whether its unique bot integration suffices to make Pionex a Cryptocurrency Exchange it’s worth advising.
You normally need to connect your trading platform to an exchange so that you can use its tools, but in a departure from the norm, Singaporean cryptocurrency exchange Pionex features a dozen integrated bots of its own, and it seems to be doing well on the back of that with around $30 million worth of volume each day.
Pionex is accredited by FinCEN’s MSB (Money Solutions Organization) license in The United States and Canada, which is the same licence under which the likes of Binance, Huobi, and other high-end exchanges trade. Pionex apparently became the first crypto exchange that uses integrated trading bots to be given the green light with such a license.
Pionex only charges a flat rate of 0.05% per trade, which we like since it implies that you aren’t going to be shocked by any surprise charges.
As we mentioned, Pionex has a selection of 12 integrated bots to match various trading strategies.
GRID Bot (Grid Trading Bot): The GRID Bot is well fit to utilize in an unstable market. The concept with this one is that you set the variety and it will proceed with buying low and offering high within that variety for you.
Arbitrage Bot: This one is created to provide constant gains with minimal risk, possibly making you from 15-50% a year when used with a spot-futures strategy.
Smart Trade Bot: The Smart Trade Bot takes earnings and a number of condition orders to assist you benefit throughout a pullback.
Infinity Grids Bot: The Infinity Grids Bot resembles the GRID Bot however without the ceiling. It aims to assist you constantly purchase low and sell high, but the slice of the funds it works with is lower than that for the GRID Bot.
Leveraged Grid Bot: Similar in practice to the GRID Bot, however with up to 3 times utilize you can make triple the profits. We feel duty-bound to let you understand that while take advantage of can magnify your earnings it can also magnify your losses– to the kind of levels that can wipe you out!
Margin Grid Bot: This one resembles the Leveraged Grid Bot. It differs in that the security does not involve the Grid Bot, and it will let you choose long or short options.
Reverse Grid Bot: This bot simply attempts to offer your bitcoin at a higher rate and purchase it once again at a lower rate.
Leveraged Reverse Grid Bot: This bot works in a comparable method to the Reverse Grid Bot, but– as the name suggests– the addition of take advantage of means you can possibly earn more from your trades.
DCA Bot (Dollar-cost averaging): Simply set the period for your DCA plan and let it do its thing, hence saving you the trouble of doing it yourself.
Tracking Take Profit Bot: This one works like a Tracking Stop that starts after the initial Take Earnings has actually been reached. It’s well-suited to scalping.
TWAP Bot: TWAP lets you execute one big order by slicing it into lots of smaller orders over a set period of time. The benefit of this approach is that it prevents subjecting market prices to unnecessary influence.
Establishing your account is swift and simple with Pionex. You’ll just require to offer it your e-mail or phone number, then pick a password.
For and Against
Includes 12 bots incorporated for automated trading
Its liquidity engine aggregates the liquidity from Binance and Huobi.
Regulated in Singapore and the United States.
The Pionex app is easy to use and the platform provides decent value without any regular monthly fees to worry about. You simply pay to dip into an extremely reasonable 0.05% a trade.
We believe that Pionex might match you if you enjoy to utilize it as a one-stop-shop, however you will require to come to your own conclusions regarding whether the convenience of this is worth it thinking about that you’ll be missing out on utilizing third-party tools that might do a much better task.
Pionex is an exchange designed for the trading bot. Terrific liquidity which aggregates from several other exchanges, 5 trading bots built-in, and very low trading charge – 0.05%. Join Pionex and we will help you since day 1 CLICK ON THIS LINK TO REGISTER then get in our trading group in Telegram to get all support and assist you could require. The very first profitable bot is on us, and we will teach you how to do it. Join United States here