Pionex Review: Features, Fees, and Step-by-Step Trading Bot Guide

Choosing a cryptocurrency exchange is rarely simple. The market offers many platforms, and users need one that matches their routine and gives the right mix of features, usability, and fees. Some traders want full manual control while others prefer tools that execute strategies without constant supervision. Pionex fits the second group and focuses on automation for users who cannot spend the day watching charts.

Pionex centers its service around built-in trading bots, offering more than a dozen automated tools that run strategies continuously. This setup allows traders to stay active even when they are not online. The exchange also supports spot and futures trading, giving users enough flexibility to apply different methods as they get familiar with the platform. It accommodates both beginners who want straightforward automation and experienced traders who prefer structured tools over manual execution.

Pros	Cons
Registered with the US FinCEN and holds money transmitter licenses	Limited fiat on-ramp options (mostly crypto deposits)
16 free built-in trading bots (no extra fees or setup)	No fiat withdrawals
Very low flat trading fees	Limited advanced trading features for professional traders
Deep liquidity aggregated from Binance and HTX
Up to 100x futures leverage
Demo account available

This review explores what Pionex offers, how its automation works in real trading conditions, and whether the platform aligns with different trading styles. Let’s take a look:

What is Pionex?

Pionex is a cryptocurrency exchange built around automated trading. It launched in Singapore in 2019 and has grown quickly across Asia, reporting over 5 million active users and more than 7 billion dollars in daily trading volume. The platform supports both spot and futures markets, but its main focus is automation. Users have access to 16 built-in trading bots without paying extra, which helps them apply structured strategies without needing advanced technical knowledge.

Join Pionex today and deposit $100 to claim your $100 bonus. Trade smarter immediately using 16 built-in bots.

The exchange sources deep liquidity through a partnership with Binance and charges a low trading fee of 0.05%. It operates under regulatory oversight and holds FinCEN and MSB licenses in the United States and Singapore. Pionex is backed by BitUniverse and funded by venture capital firms including ZhenFund and Gaorong Capital. The platform combines automation and licensed operations to give traders a straightforward environment that supports hands-off trading.

Pionex Key Features

Built-in Trading Bots

Pionex provides 16 free automated trading bots as part of the platform. Users access tools like Grid Trading, DCA, Rebalancing, Infinity Grid, Arbitrage, and Leveraged Grid without extra fees or subscriptions. The bots run directly on the exchange and allow traders to set strategies without coding knowledge.

Spot and Futures Trading

The platform supports spot markets and also offers futures trading with USD-M and Coin-M perpetual contracts. Futures Grid bots can operate in long, short, or neutral modes and adjust positions automatically within defined price ranges to take advantage of market swings.

Low Trading Fees

Pionex charges a 0.05% fee on spot trading. Keeping fees low helps users retain more of their gains over extended trading periods, which becomes more noticeable as trading volume increases.

Web and Mobile Access

The exchange runs as a cloud-based system and is available through both web and mobile applications. Users can manage bots on Android and iOS, and existing BitUniverse users can log in using their original credentials.

How to Get Started on Pionex

Getting started on Pionex is straightforward. The platform guides new users through registration, verification, and funding, so you can begin trading with ease. Once your account is set up, you can choose between automated bots or manual trading based on your preferences.

1. Register an account: Visit the Pionex website or download the mobile app and select Sign Up. Users can register with an email, phone number, Telegram, Google, Apple, or Line. Enter account details and confirm the verification code sent by email or phone to complete registration. You can also use our exclusive link to receive a welcome bonus on sign-up.

2. Complete KYC verification: Pionex requires identity verification before trading or making deposits. Level 1 verification only needs a legal name and country of residence. Level 2 requires ID documents and a live facial recognition check. Once submitted, the account is approved after review.

3. Deposit funds: Go to Wallet and select Deposit, then choose the cryptocurrency to transfer, i.e., USDT or BTC. The platform will show supported networks for that asset. Make sure the network used matches the network from the sending wallet to avoid loss of funds. After the transfer is confirmed, the assets appear in the Primary account. You can also deposit crypto using credit cards if Pionex supports it in your region.

4. Start trading: Users can trade manually or use automated bots. Select the preferred market from the homepage and begin trading through spot pairs or futures contracts based on personal strategy.

Pionex Trading Bots

Pionex’s main strength is automation. The platform is built around trading bots, not just as an add-on. Traders can use these bots to take advantage of sideways markets, spread their entries over time, or keep positions active even while they are offline. The bots are ready to use and can be copied with a single click, making it easy to replicate strategies.

Grid Trading Bot

The Grid Trading Bot is the most popular on Pionex. It places buy and sell orders within a price range that you set, automatically buying low and selling high as the market moves. You choose the range and the number of grids. More grids create smaller intervals, which leads to more frequent trades. The bot runs automatically once funded, removing the need to constantly watch the market.

Infinity Grid Bot

The Infinity Grid Bot is similar to the standard Grid Bot but has no upper limit. It continues trading beyond the range of the normal Grid Bot, helping capture profits when the market trends strongly. This bot usually uses a smaller portion of your funds compared to the main Grid Bot to reduce risk exposure.

Leveraged and Margin Grid Bots

The Leveraged Grid Bot applies up to three times leverage to the Grid Bot strategy, increasing both potential gains and risks. The Margin Grid Bot is similar but allows traders to choose long or short positions without tying up the main Grid Bot funds. These bots are better suited for traders who understand leverage and risk management.

Reverse and Leveraged Reverse Grid Bots

The Reverse Grid Bot works in the opposite way, selling at higher prices and buying back at lower prices to increase your quote currency. The Leveraged Reverse Grid Bot uses the same strategy with leverage for higher profit potential while carrying greater liquidation risk.

DCA Bot

The Dollar-Cost Averaging Bot automates recurring purchases over time. You set the amount and interval, and the bot handles the rest, making it easier to invest steadily without worrying about market timing.

Trailing Take Profit Bot

The Trailing Take Profit Bot is useful in volatile markets. It adjusts sell orders as prices move, locking in gains while allowing positions to keep rising if the market continues to move in your favor.

TWAP Bot

The TWAP Bot breaks large trades into smaller orders over a set period. This minimizes market impact and reduces slippage, which is particularly useful for traders moving significant positions.

Pionex’s bots give traders flexibility. Beginners can set simple strategies and let the bots manage the trades, while experienced users can combine different bots to follow more complex approaches. The best thing about this platform is that it puts automated trading within reach for anyone willing to explore it.

How to Use Trading Bots on Pionex

The Futures Grid Bot on Pionex is one of the platform’s most versatile tools. It lets you automate buying on dips and taking profits automatically within a price range you define. Setting it up might seem technical at first, but once you understand the steps, it becomes straightforward. Here’s how to get started with both long and short positions.

Accessing the Futures Grid Bot

Start by logging into your Pionex account. On the web platform, navigate to the “Futures” tab in the top menu and select “Futures Bot.” Choose the “Futures Grid” option to create your bot, then select the trading pair you want to trade, such as BTC/USDT or SOL/USDT, and click “Create.”

Setting Up Bot Parameters

The key to a successful bot is configuring the parameters to match your market view. Start by selecting the trading direction: Long for bullish accumulation or Short for bearish distribution.

Defining the Price Range:

The price range sets the operational boundaries of the bot. It will stop trading if the market moves outside this range.

• Highest Price (Upper Limit): This is the maximum price you expect the asset to reach. The bot will sell remaining positions for a Long setup or execute all sell orders for a Short setup.
• Lowest Price (Lower Limit): This is the minimum expected price. For a Long bot, it will buy all available investments, and for a Short bot, it will complete profit-taking orders.

Tip: Use a wide range for macro strategies to allow the bot to operate over longer periods without stopping prematurely.

Setting the Quantity of Grids:

The number of grids determines how many buy and sell orders the bot places within the range. More grids result in more frequent trades but smaller profit per trade. It is often best to start with Pionex’s recommended grid quantity and adjust as you gain experience.

Investment Amount and Leverage:

Set the capital you want to allocate to the bot. For Futures Grid Bots, use low leverage like 2x or 3x to reduce liquidation risk. Pionex calculates the minimum investment required based on your grid quantity and price range.

Auto Reserve:

Auto Reserve allocates a portion of your funds as a safety cushion to protect against sudden market swings. For low-leverage trades like Bitcoin, you may choose to leave this unchecked and manage margin manually.

Execution and Monitoring

Bot Creation and Initial Position:

Once your parameters are set, click “Create.” The bot will analyze the current market price and enter an initial position. The remaining capital is held in USDT, ready to execute buy or sell orders as the market moves.

Viewing Bot Details:

Click “Detail” to see:

• Estimated Liquidation Price: The level at which the bot would close due to insufficient margin. Conservative settings create a wider safety net.
• Break-Even Price: The average entry price of your current position.
• Transactions: A history of all active and completed buy and sell orders.

Post-Creation Management:

You can adjust most settings after the bot is running through the “Parameters” menu:

• Edit the price range or number of grids.
• Adjust margin to reduce liquidation risk.
• Set Stop-Loss or Take-Profit levels to close the bot automatically at specific prices.

Copying an existing bot is also quite simple. Browse the list of bots, find one you want to replicate, and click “Copy.” The bot will be set up on your account with the same parameters, letting you try strategies that are already performing well without creating one from scratch. You can also copy our BTC short by simply clicking this link.

Following these steps ensures your Futures Grid Bot is set up properly and gives you control over risk while automating your trading strategy. Furthermore, you can also watch our in-depth video tutorial on how to trade on Pionex using trading bots below. To see the process in action, watch our full video tutorial on trading with Pionex bots below.

How to Withdraw on Pionex

Withdrawing funds on Pionex is straightforward. Start by logging into your account and selecting the “Withdraw” option from the wallet dropdown. On the withdrawal page, choose the cryptocurrency you want to transfer from the dropdown menu and check the available networks for that asset. It is important to select the correct network that matches your receiving wallet or platform to avoid any loss. Enter the withdrawal address and the amount you wish to send, then click “Submit” and “Continue.” A pop-up will appear prompting you to enter the necessary security authentication codes. Once confirmed, the withdrawal will be processed and should appear in your wallet as soon as the transaction is validated on the blockchain.

As of now, Pionex does not support direct fiat withdrawals, and user can only withdraw their funds in the form of cryptocurrency.

Pionex Fees

Pionex keeps its trading fees simple and transparent. Spot trading fees are 0.05% for both makers and takers, with no distinction based on volume or account status. This uniform fee applies to all trades and includes the use of trading bots, which eliminates additional costs and provides savings compared to third-party bot services. Futures trading fees are slightly different, set at 0.020% for makers and 0.050% for takers. This structure encourages liquidity while keeping costs low for all users.

Deposits on Pionex depend on the method. Cryptocurrency deposits are free, making it easy to use digital assets directly. Credit card deposits carry a fee of 3.5% for European users and 4.5% for other regions, reflecting standard banking charges. Withdrawal fees vary by cryptocurrency and network conditions, and Pionex shows these fees in real-time before each transaction to ensure full transparency. You can also get a detailed breakdown of Pionex fees by visiting this link.

Pionex Security and Compliance

Pionex prioritizes the security of its users’ funds, though no exchange is completely risk-free. The platform uses several measures to protect assets, including bug bounty programs, cold wallet storage, regular audits, and IP tracking. Users are encouraged to enable two-factor authentication (2FA) and set up withdrawal address whitelists for additional protection.

The Bug Bounty Program rewards ethical hackers and security researchers who identify vulnerabilities, with payouts ranging from $50 to $10,000 depending on severity. A significant portion of users’ funds is stored in cold wallets, which are offline and less exposed to hacking, while only a small amount is kept in hot wallets for daily transactions. Pionex also monitors logins from new devices and locations, notifying users if a login attempt is detected from an unfamiliar IP.

Two-factor authentication adds a second layer of protection, ensuring that even if login credentials are compromised, unauthorized access is blocked. The withdrawal whitelist allows users to specify trusted addresses. Any withdrawal attempt to an unlisted address is automatically blocked, preventing unauthorized transactions.

On the compliance side, Pionex holds a U.S. FinCEN Money Services Business license, the same regulatory recognition obtained by top exchanges like Binance and Huobi. It is the first exchange with built-in trading bots to receive this U.S. license, providing an added layer of trust and legitimacy.

Pionex Mobile App

The Pionex mobile app brings the full trading experience to your phone, making it accessible for both beginners and experienced traders. You can launch and monitor trading bots such as Arbitrage, DCA, and Grid bots, or switch to manual trading with detailed charts powered by TradingView. The app also supports peer-to-peer (P2P) trading, allowing users to buy or sell crypto directly with others for fiat. Real-time notifications and alerts keep you updated on market movements and trading activity. Pionex follows a mobile-first approach, releasing new features on the app before they appear on the website, ensuring mobile users always have early access to the latest tools.

Final Takeaway

Pionex makes trading simple without taking shortcuts. Its trading bots are easy to set up and actually useful, letting you automate strategies without needing advanced skills. The platform keeps fees low, supports both spot and futures trading, and the mobile app brings almost everything you need right to your phone. Security measures like 2FA, withdrawal whitelists, and cold storage give confidence without getting in the way. It’s not perfect for every trader, but if you want a platform that combines automation, manual trading, and reliability, Pionex delivers a solid, practical experience.

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Frequently Asked Questions – FAQs

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