Last Updated on October 30, 2021 by cryptocreed
Love to do cryptocurrency trading? Then you might like arbitrage trading as well. Who doesn’t like to do arbitrage trading when he can get instant profit?
Finding real-time arbitrage opportunities is not that easy, it is not hard also. There are some arbitrage platforms that you can use to find arbitrage trades.
Each of these arbitrage platforms comes with its own feature and one of those platforms is Pionex Exchange. Pionex is a bit different from other platforms and you will get to know why they are different, what are their features, and how you can use them.
What Is Pionex?
Pionex is Singapore based centralized cryptocurrency exchange launched on 24th June 2019. It is one of those exchanges which supports in-built bots for different purposes including Arbitrage. They charge only 0.05% fee for both market & taker and this is one of that reason why they are widely accepted.
They are trusted know why? They are invested by Gaorong Capital, Shunwei Capital, and ZhenFund. Pionex has acquired a Money Services Business (MSB) license by FinCEN.
The current last 24 hours trading volume is around 28,930 BTC.
Is Pionex Is Safe Or Not?
Everyone is concerned about their safety and that’s why Pionex has chosen to go with proper license procedures& partnerships to build trust in the community.
They have a U.S. FinCEN’s MSB License and are funded by well-known Chinese investors Gaorong Capital, Shunwei Capital, ZhenFun, and others for more than 10,000,000 USD.
They also have positive reviews on the Play Store, a rating of 4.6 out of 5 from more than 3600 reviews.
There are many features which is why they are famous and you should use them to know more about their features personally.
Here you can find more than 10 in-built bots that you can use while trading. These Bots are Infinity Grid, Leveraged, Margin, Reserve, Leveraged Reverse, DCA, Trailing Take Profit, TWAP, Spot Future Arbitrage Bot, and others.
To know more about how each bot works you have to read their blog which explains the working style of each bot with a proper text guide and video as well.
Pionex fetches data and allows its users to trade on both Binance and Huobi Global exchange. They are planning to add more exchanges in the future as they add new exchanges on the basis of liquidity.
Most traders are concerned with trading fees and they choose to go with an exchange platform with low trading fees. Pionex is a part of Binance & Huobis market maker and they get an edge of benefit here and so users too.
Pionex charges only a 0.05% trading fee to their users. It is a very low trading fee in comparison to other top exchanges.
Don’t want to pay 0.05% in the trading fee?
Here is the chance to save more for big traders.
You can become a Market Maker on Pionex and can enjoy a 0% maker fee, it applies only to the person whose average daily trading will be more than 300K USD for a month.
For more information visit their Support and search for “Pionex Market Maker Program” article.
Download Pionex App
Yes, Pionex has a mobile app for Android users, you can download the app from the Play Store. More than 100K people downloaded the app and it has positive reviews from users.
Using a new exchange is not always easy and you might face any problems. To get out of any problems you can contact their support team through a different medium.
- Email:- email@example.com
- Community:- Telegram, Twitter, Discord, Facebook, Reddit
- Live Chat
Pros & Cons Of Pionex
- Best for users with bit trading experiences
- Funded by known investors
- Have a license from regulators
- Support high liquidity exchanges
- Less trading fee of 0.05% only
- Supports more than 9 in-built trading bot
- You are not the owner of funds
- Limited trading options
- No demo available
- Withdrawal fee is there
- No phone support
- No support for custom trading strategies