Pionex is a cryptocurrency exchange that offers both manual and algorithmic trading options. With a focus on accessibility and automation, it caters to traders looking for diverse trading strategies. Below is a detailed breakdown of its features, advantages, and limitations.
Trading Platform
- Web: Accessible via browsers with a user-friendly interface.
- Mobile App: Available for Android and iOS, supporting trading on the go.
Trading Features
- Manual and Algorithmic Trading: Supports spot trading with leverage.
- Built-In Bots: 16 types of trading bots for automated strategies.
- Leverage: Up to 1:3 for BTC/ETH pairs, 1:2 for others.
Availability and Restrictions
- Regions: Available in the U.S. (state-dependent) but restricted in the UK, China, and others.
- KYC Verification: Mandatory for account access.
Pros and Cons
Advantages
- Low Fees: Competitive spot trading fees (0.05% maker/taker).
- Security: 2FA, cold wallet storage, and FinCEN-regulated.
- Minimum Deposit: Just $1 or crypto equivalent.
- Bot Diversity: No extra fees for using trading bots.
Disadvantages
- No Fiat Support: Deposits/withdrawals only in crypto.
- Limited Customer Support: Unresponsive at times.
- Withdrawal Fees: Charges apply (e.g., 0.0005 BTC per withdrawal).
Key Parameters
Regulation & Safety
- Score: 9.75/10
- Licenses: FinCEN (U.S.)
- Security: Cold wallets, 2FA, no hack history.
Commissions & Fees
- Score: 7.45/10
- Spot Fees: Below industry average.
- Withdrawal Fee: 0.0005 BTC.
Deposit & Withdrawal
- Score: 3.5/10
- Methods: Crypto-only (USDT, BTC, ETH).
Supported Coins & Markets
- Score: 3.5/10
- Coins: 386+ cryptocurrencies.
- Missing: NFTs, futures.
Trading Tools
- Mobile App Ratings: 4.3/5 (Android).
- Features: Basic charts, bots, API.
- No Desktop App: Web-only.
FAQ Section
Is Pionex safe?
Yes, it employs 2FA, cold storage, and is FinCEN-regulated.
What’s the minimum deposit?
$1 or 0.0005 BTC.
Can I trade fiat on Pionex?
No, only cryptocurrencies are supported.
Are there withdrawal fees?
Yes, e.g., 0.0005 BTC per withdrawal.
Does Pionex offer leverage?
Yes, up to 1:3 for BTC/ETH pairs.
👉 Explore Pionex’s trading bots
Summary Table
| Feature | Details |
|---|---|
| Trading Platforms | Web, Mobile (Android/iOS) |
| Minimum Deposit | $1 or 0.0005 BTC |
| Leverage | Up to 1:3 |
| Fees | 0.05% spot, 0.0005 BTC withdrawal |
| Regulation | FinCEN (U.S.) |
👉 Compare Pionex with top exchanges
Pionex suits automated traders but falls short for fiat-focused users. Always verify local regulations before signing up.