Binance is one of the largest cryptocurrency exchanges founded in 2017. They offer a user-friendly trading platform. Additionally, they also provide Staking, crypto loans, liquid swap, Launchpad, and more. Their matching engine is capable of handling 1,400,000 orders per second.
Pionex is a cryptocurrency exchange with free in-built trading bots. They are regulated in Singapore and the United States. They are backed by some of the big names in the crypto industry such as Banyan Capital, Shunwei Capital, and Zhen Fund. Pionex tech is supported by Bit Universe which has more than one million users worldwide.
Table of contents
- Binance Trading Options
- Pionex Trading Options
- Trading Bots
- Binance vs Pionex: User Experience
- Binance vs Pionex: Fee
- Pionex vs Binance: Security
- Pionex vs Binance: Customer Support
- Pionex vs Binance: Conclusion
Binance Trading Options
They offer up to 125x leverage. You can trade both quarterly and margin futures. The USDT margined futures are available with no expiration date. The token margined futures are available with or without an expiry date.
Margin Trading allows you to borrow funds to perform leveraged trading. They support both cross-margin and isolated margin mode. They amplify trading results to maximize profits. They use the margin level to calculate the risk involved in the margin account.
They are tradable assets in the spot market that give you leveraged exposure to an asset. It allows you to get a leveraged position without collateral and liquidation risk. Each leveraged token is a set of perpetual contract positions. The leverage range is between 1.25x and 4x.
Binance options allow you to take advantage of the price movement within different time frames with limited risk. The contract can be excited any time before the expiry date. The time frame ranges from ten minutes to one day.
Binance Vanilla Options allows you to act as a direct buyer or seller when issuing or purchasing options. They are priced and settled in USDT.
Pionex Trading Options
Pionex Leveraged tokens offer high leveraged exposure and an optimized rebalancing mechanism. They maintain variable target leverage instead of constant leverage.
The variable leverage of the tokens fluctuates in a specific range. The rebalancing is triggered only if the leverage exceeds the range. The more the price increases lower will be the leverage and vice versa.
Smart Trade allows you to buy and sell at the same time with Take profit and stop loss. This helps you to avoid the risk of huge losses. It consists of three parts – buy-in, stop loss, and take profit setting.
Binance offers two types of staking.
It is the process of holding funds in the wallets to support the operations of a blockchain network.
If you are holding, then it will reduce the funds you are holding in the spot wallet.You can redeem anytime. The redemption period for all the coins is not the same. If you redeem early there will be a deduction in interests.
In DeFi Staking, you can participate in certain DeFi products to obtain and distribute realized earnings.
They are easy to use. All the funds are secure since Binance selects only the best DeFi projects and continuously monitors them. They provide the highest possible returns.
The earnings are calculated at 0:00 UTC the following day. The minimum earnings calculation period is one day. The lockup period varies for different products. The lockup period for regular products is one day. Early redemption requires one day to unlock. There is no penalty attached for early redemption.
Grid Trading Bot
Grid Trading Bots are perfect for fluctuated sideways markets. They allow you to set a price range and grids and sells when the price increases and buys when the price decreases. You can earn passive income with limited risk.
Reverse Grid Bot
Reverse Grid Bots helps you to store your coins when the price is decreasing. Then it sells it at the current level and buys when the price drops. It doesn’t have a SHORT feature.
Infinity Grid Bot
The Infinity Grid Bot allows you to “buy low and sell high.” They ensure that the total amount of assets remains the same when the price is increasing. It is the premium version of Grid Trading Bot. The range is set in percentages, and there is no upper limit. They provide two options while using this bot – “Use AI Strategy” and “Set Myself”.
High volume traders use TWAP bots to execute their trades over a certain period, not to affect the market price. They execute a large number of single orders instead of one big order. You have to submit the total investment and time duration. They offer five different periods – one hour, six hours, twelve hrs, one day, and seven days.
Trailing Take Profit Bot
Trailing Take Profit Bot helps you maximize your profit by closing at the right time. It enables you to avoid situations where you sell your asset, thinking that the price won’t rise more, but it keeps rising. There offer two types of Trailing Take Profit bots – “I don’t have coin” and “I have coin.”
Leveraged Grid Bot
Leveraged Grid Bot allows you to multiply your profit by leveraging your investment. Experienced traders in up-trend market conditions use them. You can leverage your principal for higher yield since it combines the lending market.
Margin Grid Bot
Margin Grid Bot allows you to lock up your funds as collateral. They combine the trading grid strategy and the lending market. You can trade short or long. Experienced traders use them to make a profit without risking their long-term holding position. You have to set the upper and lower limit, grids, leverage, borrowable fund, daily interest, and estimated liquidation price.
Dollar-Cost Averaging Bot
DCA bots help you to buy the same dollar amount of investment at regular intervals. It is one of the simplest strategies for trading. They offer five different time intervals – 10 minutes, one hour, one day, a week, or a month. The investment per week is calculated using this formula –
Investment Per Week = (168/Investment Interval(hr)) * Investment Each Time
Leveraged Reverse Bot
Leveraged Reverse Bot uses leverage with your assets to magnify your profits. They are a combination of reverse grid bots with leverage of 1, 1.5, 2, and 3. They follow “ Sell first, Buy later.” You have to set the price range, no grids, spacing, leverage, and investment amount.
Binance vs Pionex: User Experience
Binance offers a user-friendly interface that supports light and dark mode. The platform is available is Android and iOS platforms. The platform supports English, Japanese, Korean, Chinese, Spanish, and many other languages.
Pionex has an easy to use and intuitive trading platform. The platform is also available in Android and iOS. All the updates are first in the app and then visible in the desktop application. It supports both light and dark mode.
Binance vs Pionex: Fee
They do not charge for deposits. The transaction fees follow a maker-taker model. The maker and the taker fee is 0.05% of the transaction.
The withdrawal fee for some of the coins is as follows. For withdrawal details of more coins, you can check here.
Binance follows a maker-taker model. The trading fee offers nine levels.
The deposit and withdrawal fee is different for each coin. You can check the entire list here.
USD-T Margined Futures Trading Rate
Coin Futures Margined Trading Rate
Pionex vs Binance: Security
Binance offers a multi-system security architecture. The use of two-factor authentication. Additionally, they also provide cold storage and multi-signature options to their users.
They send a confirmation email for every withdrawal. To know that you are clicking on an email send by Binance, you can enable anti-phishing. This gives you a code that will be present in every email. You can also enable withdrawal whitelisting for further security.
They use the Secure Asset Fund for Users (SAFU ) program to allocate ten percent of your profits to cover losses in unforeseen circumstances.
They have scored B+ in Mozilla Exchange Observatory Test and are regulated in Malta.
Pionex is licensed by the Money services business. They are also aggregated from Binance and Huobi. Therefore the funds are stored securely in these exchanges. You can also enable two-factor authentication for further security. Pionex exchange uses multiples exchange for liquidity and therefore most of their assets are with Binance and Huobi exchange.
Pionex vs Binance: Customer Support
The tutorials help you understand how to use the exchange properly.
Binance runs a Youtube channel where they share useful guides and tutorials. You can connect with them on Twitter. You can join the Binance community Telegram Channel in both English and Chinese. They also have a separate channel for announcements.
Pionex vs Binance: Conclusion
If you wish to use crypto bots while trading then Pionex offers free nine built-in trading bots. They provide an easy to use Trading terminal with a low trading fee. The mobile applications help you to manage your funds on the go. On the other hand, Binance is one of the well-known cryptocurrency exchanges that offer a lot of trading options along with staking, crypto loans, instant swap, and more.