The minimum investment required to start on Pionex - Pionex Trading Bot (2024)

FAQs

The minimum investment required to start on Pionex - Pionex Trading Bot? ›

The fact that Pionex does not have a minimum deposit requirement, nor do they have a balance level or a funding charge, means that you simply do not need any assets in your name in order to get started.

For instance, in the case of the Pionex BTC/USDT trading pair with a lower price limit of 23,000 and a profit per grid of 3.1%, a Grid Trading Bot requires only 3.8 USDT to operate, whereas an Infinity Grid requires a minimum investment of 50 USDT.

According to the website, Bitcoin 360 AI can be used for free. The minimum deposit required by traders is $250. The platform claims traders can withdraw money at any time without fees.

Pionex is a beginner-friendly automated trading bot that charges extremely low trading fees. For spot and futures markets, market maker and taker fees are fixed at 0.05%, whereas for leveraged markets, the fee is 0.1% for both market makers and takers.

#2) Pionex

Some of its most popular bots include the Grid Trading Bot, which helps you sell high and buy low. The arbitrage bot, on the other hand, leverages the future market powered by the broker system Binance in order to help you enjoy a payout every 8 hours.

Although Pionex doesn't require a minimum amount to deposit, each trading pair has a minimum order volume. That's the reason why users may find that they can set a grid bot with less than 50 USDT in some pairs but not in some others.

Here's all you need to learn regarding generating income from day trading if you're only commencing out with cryptocurrency. By investing roughly $1000 while monitoring a 10% increase solely on a single combination, it is possible to earn $100 every day in bitcoin.

Crypto bot trading can be very profitable if done right. However, most services on the market fail to provide significant returns after transaction fees and their own monthly fees. It is important to choose the right service provider or create your own for success.

Pionex Withdrawal fees

Pionex's withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is quite in line with the industry average.

Is Pionex completely free? ›

Our Pionex review will help you learn more and decide if you'll benefit from opening an account. It's free to sign up, and you can get started at any time.

Withdrawing cryptocurrency from Pionex is a simple and quick process.

You will enjoy a stable daily profits of 0.5%~1% if you can afford the risk of buying underlying asset at the current price.

Pionex supports various stablecoins including Tether, Binance USD, USD Coin, and Multi-Collateral Dai. Tether is the most popular stablecoin on Pionex and saw $ 741.41M in trading volume over the last 24 hours.

If the bot doesn't lose any trades in this kind of trading month, the trader could potentially earn 20% each month for an all-in strategy. This means that an account with $10,000 will earn up to $2,000. A trading bot can theoretically make a trader a billionaire.

The risk of losing money is higher for trading bots, as they are programmed by people who do not always know how to code properly.

It depends on stock and market conditions, chosen strategy, and algorithm type. A bot could make a 2% return for a day and then the market will change its direction and it will blow up day's profit and make a 3% loss.

Historical Exchange Rate Graph for USD to BOT

The conversion value for 1 USD to 2122.827 BOT. BeInCrypto is currently using the following exchange rate 2122.827. You can convert USD to other currencies like BNB, XRP or DOGE. We updated our exchange rates on 2023/04/19 12:54.

Yes, Pionex is safe. Most of its trades take place on Binance and Huobi, meaning the security of Pionex is tied to the security of those platforms.

1 BOT = 0.002908 USD

How does the market feel about BOT today?

How do you make $1000 a day in crypto? ›

If you have a profitable trading system averaging 15% return a year: $1000 account will make you $150. $10,000 account will make you $1500. $100,000 account will make you $15,000.

The starting capital of $30,000 is also just an example of a balance with which to start day-trading stocks. You will need more if you wish to trade higher-priced stocks.

What is Flying Wheel Strategy? This strategy was first designed and introduced by Pionex. Proper use of this strategy can help users gain more than 15% in one month. The main idea is to first buy low using either Buy-the-Dip or Sideways Gain (invest stablecoin), then sell high using Covered Gain.

You can let the grid bot run for years. However you will also want to make sure that the price of the pair is in between the upper and lower limit of the price. If it goes above or below it is not trading at all.

No, US residents are not allowed to trade on the Pionex platform.

Pionex Tax Reporting

Simply navigate to your Pionex account and download your transaction history from the platform. Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!

Pionex is backed by BitUniverse and has been invested in by the prominent Chinese venture capital firms ZhenFund and Gaorong Capital.

What happens when you stop the bot on Pionex? ›

If you close a grid bot and choose “Sell All” option when closing the bot, you will get the Total profit. Keep in mind this won't be the same case if you have use Release profit before since release profit will release some grid profit first before closing the bot.

Answer: Trading bots are profitable for as long as you can configure them properly. The best crypto trading bots will obviously make a profit and it is essential to set to test them or have some sort of guarantee first before buying. Then it is essential to learn their working.

All trades on Pionex incur a 0.05% fee, which is lower than Binance or Huobi. There are also no additional fees for using the trading bots.

Pionex is one of the biggest Binance Broker, which shares deep liquidity with Binance. Upon that, Pionex provides 12 trading bots free of charge inside the exchange. Trading fee is very low at 0.05%.

The fees amount to 0.10% for the maker and taker. You can create five different types of crypto grid trading bots with KuCoin, which include everything from a futures grid bot to a spot grid bot.

Because Grid Trading Bot has the good performance in swinging market, so Grid trading bot will make good profit from the fluctuation. Total profit= Grid profit(realized profit) + Unrealized profit. Grid profit is made from grid fluctuation, and the unrealized profits is from the up or down of the price itself.

Covered Gain is a dual investment product that lets you earn high interest income before you successfully sell crypto at your target price. The APY for Covered Gain can range from 10% to even around 300% depends on the target…

They're versatile — because the core underlying strategy proceeds based on the idea of buying low and selling high (and pocketing the difference). Thus, grid trading bots can trade profitably without being affected by market sentiments and trends.

Grid trading takes place in both spot and futures crypto trading. Spot grid trading bots generate profits only on capital deployed since they use spot wallet funds and insufficient funds will automatically stop the trade. This makes spot trading relatively safer since the trade is solely with one's own money.

What is the average profit of a trading bot? ›

You can use trading bots (made with python code) to make money. This is the reason why more and more hedge funds, big financial companies, and banking structures are using these trading bots. You can expect 0.6-1% of profitability in a low volatility market. In that case, you can expect to earn around 20% every month.