Pionex Exchange Review

Pionex Exchange Review
Pionex Exchange Review

Pionex is a cryptocurrency exchange that was launched in 2019 with its headquarters in Singapore. Pionex exchange provides a beginner-friendly automated trading environment with 16 in-built trading bots and a tutorial framework to provide guidance on how to use their products.

Pionex Exchange 

Pionex, a beginner-friendly automated trading environment. Your best stop for all categories of free crypto trading bots with tutorial aids to provide guidance on how to use their products.

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Key Features of the Exchange

  • 346 coin/tokens available with only 0.05% trading fees
  • 16 built-in free trading bots
  • New users get Free $1288 trial fund to practice on the demo account
  • Exchange is available on both android and IOS devices
  • There's a live chat/email customer support
  • You can buy your favorite cryptocurrency with your local fiat currency via credit/debit card
  • Leverage trading available
  • They have a monthly trading volume of over $5 billion

What services do these trading bots offer?

Pionex trading bots top the list of the best crypto trading bots available and these are their unique features.

Different categories trading bots

  • Grid trading bots: automatically buy low and sell high
  • Martingale bot: place buy order in small increments and execute a one-time sell order (DCA).
  • Spot-Futures Arbitrage bot: executes 15%-50% APR with low risk.
  • Rebalancing Bot: you can create and manage your own index

Moon (ultra-wide range grid trading bot)

  • BTC/ETH Moon: Easy to start, wide price range, 500 grids, long term strategy.

Advanced grid bots

  • Leveraged grid bot: Multiplies your profit by adding leverages
  • Margin Grid bot: you can borrow funds to run the Grid Trading Bots
  • Reverse Grid bot: First sell high, then buy low
  • Leveraged Reverse Grid: Use leverage in Reverse Grid Bot to earn more coins
  • Infinity Grids: it allows you to earn profit from fluctuations while hodling
  • The weighted average price algorithm (TWAP) bot: used for dollar cost averaging
  • Smart Trade bot: Set buy price, (trailing) take profit price and stop loss price at one time
  • Trailing sell bot: Avoid selling too early in a pumping market
  • Trailing buy bot: Best tool to buy the dip
  • Stop limit bot: Set buying or selling prices in advance, stop profit or loss in time

Services provided by this Exchange:

Spot/Manual trading: Crypto assets such as BTC, ETH, and other mainstream coin are bought at real-time prices. These trades are usually executed at a very low trading fee. Although, the major maker for the exchange is its automated trading environment, which reveals the best reason why investors patronize the exchange.

Leverage trading: Pionex exchange allows you to trade potential coin of choice with up to 3x leverage.  For example, BTC, ETH, BNB, XRP, Theta and other coins have up to 3x leverage, while ALGO, VET, EOS, and other coins only have up to 2x leverage.

NB: You need to be an experienced trader to leverage trade.

NB: You need to be an experienced trader to leverage trade.

Automated bot trading: There're 16 of them with their unique functions. They are free and the exchange provides tutorials for all their products.

Tutorial interface for guidance on how to use the trading bots:

Why you should use Pionex Exchange

Pionex aggregates liquidity from Binance and Huobi so that their customers are able to enjoy low trading fees. They deposit their funds with both trading platforms thereby benefiting from the security they provide.

They are a licensed cryptocurrency exchange. They hold the money services business (MSB) license issued to them by the financial crimes enforcement network (FinCEN) of the United States.

Pionex trading platform is beginner-friendly. There are tutorials available on how to use all trading bots.

Why you should not use Pionex Exchange

Although Pionex allows you to deposit fiat, but you cannot withdraw fiat in the same vein. This is not the case with other exchanges as they would allow for fiat withdrawal.

Pionex Exchange Fees

Trading fees of 0.05% are deducted from each taker or maker transaction. Now there is a fixed fee attached to the withdrawal of various coins/tokens and they'll be represented in the table below.

Transaction FeesLower fees for VIP
Maker: 0.05%Taker: 0.05%
Maker: 0.1%Taker: 0.1%
Coin Network Minimum deposit Minimum withdrawal Withdraw fee
BTC#BTC (Bitcoin) Mainnet
USDT#USDT (Tether) TRC20
ETH#ETH (Ethereum) Mainnet
AAVE#AAVE (Aave) ERC20 0.02 0.5 0.05
ADA#ADA (Cardano) Mainnet 1 50 1

Just a brief run down of top coins traded on the exchange and their transaction fees.

These are the top coins traded by Pionex. 346 in total. You can get the full list here:

Pionex trade volume and market listings | CoinMarketCap
Pionex trade volume and market listings
# Currency Pair Price Volume
1 Terra LUNA/BUSD $2.18 $29,469,468
2 Bitcoin BTC/USDT $20,189.43 $20,319,182
3 Tranchess CHESS/USDT $0.28 $14,476,735
4 Binance USD BUSD/USDT $1.00 $96,794,225
5 Theta Fuel TFUEL/USDT $0.05 $12,924,890

FAQs about Pionex Exchange

Can I withdraw money from Pionex

Although there had been a major improvement on the exchange this year, by adding an interface where you can deposit fiats through your debit card, yet, you won't be able to withdraw cash from Pionex; you'll only be able to withdraw cryptocurrencies. You have to move it to other exchanges where you convert to fiat, and then withdraw.

What is the minimum deposit for Pionex

There's no minimum deposit requirement for pionex exchange

How long does a transfer to Pionex take:

From the KYC report via the exchange's blog, it usually takes less than 10 minutes. And in prolonged situations, you can chat with the customer rep via the live chat box.

Which countries does Pionex exchange operate? 

user can trade from the following countries using Pionex exchange:

Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.


Pionex is an excellent choice for beginners who want to explore automated trading because of its elaborate tutorial feature.

Pionex offers a beginner-friendly yet sophisticated solution to automated crypto trading. Their level of security is sound with affiliate financial backing from Chinese venture capital firms.

There's a demo account to practice with and a free fund trial fee of $1288. Users now have the opportunity to practice their chosen style of trading until they attain a desired level of perfection.

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