Pionex Review – What Is Pionex?
You’ve likely been looking into a Pionex review and wondered what it was all about. There is a lively Discord community that has over 4500 members and more than 15K followers on Twitter. Pionex is a community that places high importance on accessibility, utility, and mass trading. Pionex’s goal is to increase traffic to cryptocurrency exchange channels. This in turn generates more revenue through associated fees. The system offers a variety of highly customizable automated trading strategies.
What is Pionex?
Pionex allows users to withdraw and deposit digital currencies with their credit cards. You can deposit any cryptocurrency into your Pionex account, but a minimum of 50 USDT is required for some trading pairs. Deposits are free, but there is a 0.05% trading fee per trade. Sign up on the Pionex official website or mobile app and verify your phone number and email address to get started. After you verify your information, you’ll receive a verification code. This verification process is optional, but completing it will allow you to enjoy higher withdrawal limits. Pionex also allows you to use referral codes to earn additional rewards.
Pionex is a well-respected company in the cryptocurrency market. It is regulated by the US’s Money Services Business, as well as the Singapore Monetary Authority. Venture capitalists like Shunwei Capital and BitUniverse also back the exchange. The platform works with many devices and is simple to use. It even has built-in bots that will help you make profitable trades.
Is it safe?
Two-factor authentication and SMS verification can be used to ensure that account information is secure and protected. They should also use secure passwords, use a new email address, and check links to prevent phishing attempts. Pionex has a simple interface with a tutorial section that is easy to use.
Pionex’s reputation is good, with around 100,000 monthly active users and over $5 billion of trading volume. It is licensed in Singapore and the United States, with a strong track record and financial backing. Furthermore, it uses two-factor authentication with Google Authenticator, which is a good measure of security. To further protect their accounts, users can use a personal passcode.
Users can also withdraw their coins and other assets. They can do this by signing up on the Pionex website and using a mobile phone or email ID. Users can verify their account by entering a verification code after registering. They can register using a number if they don’t have a mobile phone.
Is it legal?
Pionex allows you to buy and sell crypto assets. There is a 0.05% fee per transaction. You can also deposit your crypto using bank transfers. There are two apps available for users. Pionex Lite. Both have the same features but differ in their fees and verification methods.
Pionex’s proprietary trading platform can be used on PCs, Macs, and Linux. You can access historical data and asset charts. It also includes a variety of drawing tools, such as Fibonacci retractometers and volume bars. You can also view all trades in the order books column.
Pionex, a Singapore-based exchange that offers automated trading environments, is available. It is home to more than 100,000 users. Its liquidity engines combine liquidity from major exchanges. It charges a small percentage of each trade and has competitive fees.
Trade Bot
Pionex Trading Bot allows users to customize their web-based trading platform. It is easy to use, and requires no client programming or coding skills. It’s available in many languages and compatible with most web browsers. It can be installed on multiple computers easily. Hence, it is an excellent choice for newbies who want to start trading.
Pionex offers a comprehensive FAQ section which answers many questions. These questions only apply to the Pionex platform, and not to trading bots. To start using this system, a user must first open an account with a broker who accepts fiat transfers. Once an account is established, funds can be transferred to the Pionex wallet. This process may take several hours, but it is a lot quicker than using a paid bot.
Fees
Pionex acts as a market maker on Binance and Huobi Global. These exchanges charge a flat fee of 0.05% for trading. There are no withdrawal fees or monthly fees. You must pay network fees to withdraw your coins. You can join the market maker program if you have more USDT than 100 000.
Pionex offers a user-friendly interface and offers support for several languages. It supports both light and dark mode trading. The mobile app supports multi-currency trades and is simple to use. Pionex does not charge for deposits, but fees for each transaction are set at 0.05% of the transaction value.