Pionex supported cryptocurrencies
Pionex offers an impressive lineup of 387 different cryptocurrencies, from well-known giants like Bitcoin and Ethereum to a diverse array of intriguing altcoins. With 621 trading pairs available, you have a wealth of opportunities to explore and trade.
Pionex supported fiat
Pionex makes it easy for everyone by supporting a variety of fiat currencies like EUR, GBP, MYR, IDR, CAD, RUB, AUD, ZAR, PLN, NGN, RON, TWD, THB, VND, JPY, SEH, DKK, TRY. This means you can deposit and withdraw funds in your local currency without any hassle.
Pionex deposit and withdrawal methods
Pionex provides several convenient methods for deposits and withdrawals. You can deposit cryptocurrencies by selecting your desired coin and using the provided deposit address, making sure to choose the correct network to prevent any issues. When withdrawing, simply select the cryptocurrency, enter the recipient's address, and confirm the transaction, noting that fees vary depending on the coin. For fiat deposits, Pionex offers options like ACH bank transfers, debit cards, and wire transfers, each with its own limits and fees. While fiat withdrawals are not directly supported, you can withdraw cryptocurrencies and convert them to fiat on external platforms. It’s a good idea to check the details of each method to ensure smooth transactions.
Pionex loans
Pionex does not currently offer any loan products. There was a Structured Loan service in the past, allowing users to borrow cryptocurrencies using their holdings as collateral, but this product was discontinued on January 26, 2024.
Pionex restricted countries
Pionex is not available in certain countries and regions due to regulatory restrictions. This includes countries like Afghanistan, China, Iran, North Korea, Venezuela, and several U.S. states, such as Alaska, New York, and Nevada. These restrictions may change over time depending on evolving regulations.
Is it possible to use leverage or margin trading on Pionex?
Pionex offers leveraged trading through its Margin Grid Bot, allowing users to borrow assets for grid trading strategies. Leverage options range from 0.2x to 4x, enabling both long and short positions. While leverage can increase potential profits, it also comes with higher risk, including the possibility of liquidation if the market moves unfavorably. Pionex also provides Cross Margin Futures Grids for more efficient use of capital. However, as of July 4, 2022, U.S. residents are no longer able to use these leveraged products due to regulatory changes.
Pionex Spot Trading
Pionex offers spot trading, where users can buy and sell over 350 cryptocurrencies across more than 480 trading pairs. The platform has competitive fees, with both maker and taker fees set at 0.05%. Pionex also aggregates liquidity from major exchanges like Binance and Huobi, ensuring good liquidity and tight spreads. Additionally, users can take advantage of 16 free automated trading bots, including the Grid Trading Bot, to help implement different trading strategies.
Pionex Earning Services
Pionex offers a range of earning services to help users grow their cryptocurrency holdings. These include staking for Ethereum (ETH) and Tether (USDT), structured products that combine different financial instruments for customized returns, and dual investment options that let users earn based on market performance. Pionex also provides professional fund management for those seeking expert-managed strategies, as well as a Lotto product where users can bet on cryptocurrency price movements to earn passive income. These services offer various ways to earn with crypto.
Pionex OTC Trading
Pionex provides OTC trading services for institutional users, offering access to customized cryptocurrency products and investment options. This service helps meet the need for more flexible trading strategies that aren't available through standard market options.
Pionex Fees
Pionex charges a flat 0.05% fee for both maker and taker transactions in the spot market, which is quite competitive compared to many other exchanges. Additionally, the platform offers 16 free automated trading bots. It's worth noting that fees may change based on market conditions, so it's a good idea to check the latest details directly on the platform.
