Is Pionex Legit & Profitable?

Is Pionex Legit & Profitable?

Pionex is the first free, integrated crypto trading bots exchange worldwide. It’s got 18 different bots, from the basic ones to the super advanced leveraged bots and structured products.

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Each bot has a templated, AI made setup and an option to manually configure your trading action.

Pionex is one of the most transparent companies in the crypto space (great support in their Telegram and Reddit communities with no censorship) and if you wondered is Pionex bot safe or is Pionex a scam – we can give you a resolute answer to both questions: Pionex is 100% legit, very profitable (with the right setup) and not a scam.

Pionex Review

Pionex is completely free to use, has very low fees (0.05% in comparison to 0.10% on Binance or Kucoin which are considered low as well). They have a thriving community where you can exchange ideas and bot setups. There is also a solid number of experienced traders whose bot strategies can be copied. Pionex's mobile app works great and everything can be done via it. Pionex grid bots are way more powerful than their competition as they allow 30 concurrent bots on the same trading pair, you can increase investment, change the trading range and take the profit without stoping the bot - can't do any of it on other bots (except on Kucoin bot).

ROS

18 FREE integrated trading bots

Simple and intuitive mobile application

120+ cryptocurrency funding coins accepted

Money Services Business (MSB) license by US FinCEN

Basic, beginner-friendly bots + advanced bots for more experienced users

Excellent and innovative liquidity engines aggregated from Binance and Huobi

Low trading fees compared with other major exchanges at 0.05% maker and taker

Accepts fiat deposits via credit cards

CONS

No demo account

No telephone contact number

No support for custom trading strategies

Overview

Pionex is not just another crypto exchange as it offers the opportunity to develop personalised automatic strategies with free bots. API key trading is becoming more and more sought after, allowing traders to forego the need to analyse charts around the clock. Pionex provides 18 free trading bots ideal for both beginners and experienced traders.

Bots are generally sophisticated and require customer programming and coding skills, the lack of difficulty in setting up Pionex bots is thus a distinct benefit. You can also follow top investors through copy trading bots too.

Pionex is a Singapore-based exchange with 18 built-in bots, which contrasts with standard cryptocurrency exchanges in which you must connect a trading bot. Pionex now has a daily volume of about $30 million.

Pionex US vs Pionex

Pionex has a global and US-specific platforms. The main difference is a reduced offer of bots on the US platform. Due to U.S. law, people who live in the U.S. are not allowed to trade with leveraged bots, margin, and leveraged tokens. US users can trade any token on the spot market.