BEST CRYPTO EXCHANGES
There are a wealth of ways to learn how to earn more Bitcoins, with cloud computer mining, playing Play-To-Earn games, referrals, airdrops, and completing micro-tasks as the most popular methods.
However, the most common way is using “Earn” products on cryptocurrency exchanges and trading platforms, which allow you to earn free Bitcoin by holding BTC in your account.
Often websites will entice customers by offering free Bitcoins as an advertisement for their services.
In what is an increasingly saturated market, trading platforms tussle to bring in new customers and ensure existing customers continue to make use of their services.
While it can be very appealing to try and earn free Bitcoins in the aforementioned ways, there is a far more viable option available to traders.
Pionex offers 16 unique crypto trading bots, helping users to automate trading exercises, freeing you from manual trading and saving a lot of time.
Pionex allows users to purchase Bitcoin, and various other currencies, using credit cards, through the Pionex website or on the Pionex Lite app.
Simply by signing up and going through KYC verification, users will be able to deposit funds and begin working with these innovative trading bots.
Infact, Pionex has a unique product called “Pionex Dual Investment”, which allows you to buy low and sell high at your desired price and date.
This allows users to earn a high-interest yield while you’re waiting for the market to adjust to your desired price.
Does it sound too good to be true? Well, we did a deep dive into this novel product and will give you our assessment here.
What Is The Dual Investment Product On Pionex?
The main benefit of working with the Pionex Dual Investment feature is it allows you to be specific about what you want and when you want to trade, by allowing users to buy low and sell at a specific price and date.
This seems like cheating, but with the innovative technology on offer by the Singapore-based platform, users are able to game the market.
On top of that, Pionex offers its “Earn” product, which works much the same as what we see on major sites such as Binance and Coinbase, meaning users are able to see a weekly/monthly/annual percentage yield on currencies stored on site.
Dual investment is a non-principal protected structured product.
What does this mean? Basically, when you purchase you can select the underlying asset, invest currency and choose a delivery date.
Your return on investment will be denominated in the investment currency or alternative currency, depending on certain conditions. These conditions are as follows:
The Settlement Price is below/above the Target Price, and when the delivery date;
- The target is reached if Settlement Price > Target Price
- The target is not reached if Settlement Price ≤ Target Price
Your return on investment will be paid out in Tether (USDT) if the target price is reached, and in the target currency if the price is not met.
Each product created using Pionex has a settlement date.
Pionex will take an average of the market price in the last 30 minutes before 16:00 (UTC+8) on the delivery date as the Settlement price.
What Are The Requirements To Use Dual Investment?
One of the great things about the Pionex Dual Investment product is that it doesn’t require any transaction fees.
Users will be able to automate trades to take place at specific times and for at a certain price, but won’t incur any fees for the transaction.
There is a minimum investment requirement, which differs depending on the currency in question.
The minimum requirements are as follows:
- 100 USDT/BUSD/USDC
- 0.001 BTC
- 0.01 ETH
- 20 XRP
- 0.2 SOL
- 20 ADA
- 0.1 BNB
- 0.5 FTT
- 50 XML
These are the standards set by Pionex for the existing digital assets available through the platform, though we expect the company to continue to expand and increase its offering of currencies and tokens in the future.
Are There Any Risks Involved?
One thing we should mention, especially for new users who aren’t well-acquainted with these kinds of investment products, is that the dual investment cannot be redeemed or withdrawn before it has been settled.
As such, after purchasing the order, users must wait until the settlement date to access funds.
Once the date has passed, the funds will return to your trade account. According to the rule of dual investment, uncertainty is the settlement currency.
The settlement currency is dependent on whether the settlement price has met the target price at the delivery date set by the user.
With Pionex, this means the risk of investing in BTC, if it is rising sharply, will be holding BTC to be sold into USDT at the target price.
While the risk of investing in USDT, if there is a slump, will be converted into BTC at the target price (even if the BTC price is lower than the target price).
Closing Thoughts
As is the case with any investment product, there is a certain level of risk.
But, for any investor, it’s about assessing the dangers against the potential reward and making a risk assessment as to whether there is value in taking this course of action.
Pionex is the world-leading crypto bot trading platform.
So, if you are looking to find out how to earn more Bitcoins and work with innovative automated trading technologies, there are few better platforms than Pionex.
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Written by Thomas McGovern
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