Pionex is a cryptocurrency exchange that is based in Singapore. They offer 12 built-in crypto trading bots for free. They are known for offering low fees, they have a daily volume of approximately $30 million.
Keep reading to learn about everything you need to know about Pionex.
Be sure to check out these other crypto promotions, which includes offers for Coinbase, BlockFi, Voyager and more.
Pionex 12 Free Crypto Trading Bots
As mentioned before Pionex offers 12 different trading bots that you can add to your account totally free. Competitor platforms generally charge hundreds of dollars for just one bot. The bots they offer include:
- GRID Bot: Buys low and sells high, within a set range.
- Spot-Futures Arbitrage Bot: Gives a steady gain with very low risk, hedging from the spot market and short position in the perp futures market.
- Smart Trade Bot: Takes profit and several condition orders to secure your profit in a pullback.
- Infinity Grid Bot: Similar to the GRID Bot, but has no upper limit.
- Leveraged Grid Bot: Similar to GRID Bot, but with leverage (up to 3x).
- Margin Grid Bot: Similar to Leveraged Grid Bot, but the collateral won’t involve the GRID Bot. You can choose LONG or SHORT.
- Reverse Grid Bot: Sells your Bitcoin at a higher price and repurchases at a lower price.
- Leveraged Reverse Grid Bot: Similar to Reverse Grid Bot, but you can use leverage to earn more profit.
- DCA Bot (Dollar-cost averaging): Set the period for your DCA plan, and the bot will DCA instead of you having to do it manually.
- Trailing Sell Bot: Avoids selling too early in a pumping market.
- TWAP Bot: Helps you accumulate or sell your bags in a certain time period.
It is important to note that leveraged bots don’t just magnify your profits, they will also magnify losses.
Pionex Other Features
They offer a variety of tools to automate your crypto trading. All you need to do is go to their website, open an account, deposit funds and your bots will do the rest.
The platform connects with Binance and Huobi Global, so you can run your bot 24/7.
Pionex Fees
Since they are a market maker for Binance and Huobi Global, they charge very low trading fees for the two exchanges, 0.05% for all trades.
They do not have monthly fees, nor do they have withdrawal fees of their own, but you will have to pay network withdrawal fees for each coin. See the full fee schedule here.
Anyone with over 150,000 USDT deposited at Pionex can apply for the market maker program, which unlocks 0% maker fees (taker fees stay at 0.05%).
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Bottom Line
Pionex is a great option for those looking to get into cryptocurrency. There are no monthly fees, trading costs are low, and you get 12 bots free of charge.
Remember to bookmark this page because you will always find an updated list of Pionex promotions here.
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