Pionex vs Binance

Pionex vs Binance: Which is Better in 2024?

Published on: April 19, 2023
Last Updated: April 19, 2023

Pionex vs Binance: Which is Better in 2024?

Published on: April 19, 2023
Last Updated: April 19, 2023


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Of the popular exchanges available now, the comparison of Pionex vs Binance is prominent.

Both exchanges offer many advantages to users.

Exchanging cryptocurrencies in search of profits is becoming a common practice. 

Since crypto traders hold a large number of coins, it tends to become difficult to manage each one separately.

To solve the problem, automated crypto trading bots came into existence. 

With cryptocurrency exchanges like Pionex and Binance, it becomes easier for traders to manage their portfolios.

While traders were forced to generate API keys and use third-party apps for integration in the past, cryptocurrency exchanges have evolved this dynamic entirely.

Now, they can avoid the glitches and traffic and get straight to trading crypto any time that they wish. 

Pionex vs Binance: Which One Is Best?

If you are unfamiliar, then both Pionex and Binance are cryptocurrency exchanges that are very popular amongst traders. 

Binance was inaugurated back in 2017 and is still well-known for its user-friendly interface.

With Binance, traders can gain access to useful features such as crypto loans, launchpad, and staking.

With a high-functioning backend engine, Binance can handle up to 1.4 million trade orders per second. 

Similarly, Pionex is another cryptocurrency exchange that is popular for its free trading bots.

Since Pionex is backed by large companies like Banyan Capital and Zhen Fund, traders tend to find the platform highly reliable and safe. 

With these two remarkable options in the market, which cryptocurrency exchange should you choose?

Here’s a detailed breakdown of the comparison of Pionex va Binance, and which one you should select for your trading needs. 

Pionex vs Binance: Trading Options

Binance Futures

If you choose Binance, then you can make use of spot trading. While the default order type for a spot trade on Binance is a limit order, you can easily change to market order as well. 

One of the benefits of using Binance is that they offer up to 125x leverage to all users.

This means that you can trade with ease at both margin and quarterly futures.

If you use the USDT exchange, then Binance offers margin futures with no expiry date. 

For buying and selling crypto directly, Binance has Vanilla options that enable users to issue and purchase options. 

Additionally, Binance also lets users make profit from the price movement between time frames at very low risk.

As long as your contract isn’t at the expiration date already, you can excite it at any time.

Typically, the time duration ranges between 10 minutes to 24 hours. 

As for Pionex, the key feature is their smart trade option. You can buy and sell cryptocurrency simultaneously with the take profit and buy loss features.

For new traders who are looking to avoid huge losses, smart trade is an incredibly useful feature.

Even though both Binance and Pionex have high leveraged exposure, Pionex goes one step further to provide an optimized rebalancing automation feature.

Instead of forcing you to work with constant leverage, Pionex maintains varied target leverage. 

The variable leverage tends to fluctuate between the specified range.

If the leverage exceeds the range, then the rebalancing mechanism is activated automatically.

The higher the price of a coin, the lower the leverage on Pionex. 

Pionex vs Binance: Grid Bots

Pionex Exchange with In-built Crypto Trading Bot

Using a grid trading bot is preferred by most traders due to a lower trading fee and higher profits.

Binance charges a 0.1% transaction fee per trade which can be paid using BNB – the specialized token used by Binance. 

Pionex tends to offer a better deal when it comes to grid bots. With a fee of only 0.05% per trade, Pionex is considered the most cost-efficient trading platform.

Additionally, using Pionex is also risk-free since it does not require users to hold a platform token to benefit from the low rate. 

However, both Pionex and Binance have set a limit to the number of trading bots that a single user can have on their account.

In Binance, you can only have 10 active trading bots at one point. If you wish to start an 11th Binance bot, then you will be prompted to shut down an existing one first. 

Thankfully, Pionex has set the trading bot limit to 30 bots per trading pair.

Not only is 30 a very generous cap, but it also means that more than 30 bots can be used simultaneously with other trading pairs. 

Pionex vs Binance: Investment Amounts

Pionex Investments Amount

For experienced traders, the investment amount is the most significant variable to consider. This amount determines how much you can invest into the trading bot.

Typically, the investment amount is proportionate to the number of grid trades that you have opened and the exchange minimum. 

For example, you may have 10 grids on Binance with a 49k – 55k range. This means that you need a minimum investment of 600 USDT on your Binance account to continue trading. 

Beginners tend to prefer using Pionex since it offers the same functionality with a lower minimum investment required.

Since Pionex is an aggregated exchange, it does have an edge over Binance when it comes to trading with liquidity. 

Using the same example as above, 10 bots on Pionex with the same range would only need a minimum investment amount of 70 USDT. 

Due to this drastic difference, most beginners are comfortable in investing this smaller amount into Pionex rather than making a larger investment on Binance.

Over time, experienced traders learn the art of investing on Binance and the benefits that come along with the advanced functionality features. 

Pionex vs Binance: Trading Fees

Pionex Trading Fee

Both Pionex and Binance have a maker-taker model. When you make a transaction, Pionex takes 0.05% of the transaction amount.

For withdrawal, Pionex has different fees for every coin.

For more details, you can check the official Pionex website for an updated list of withdrawal fees. 

One popular feature of Pionex is that it does not charge a fee for deposits. You can add any amount of crypto to your account for no additional charges. 

While Binance also has a maker-taker model, it has a more complex trading fee system consisting of nine different levels.

Depending on the type and amount of transaction that you make, the trading fee can differ.

Both the deposit and withdrawal fee for every coin is different on Binance. 

Pionex vs Binance: Security Features

There’s no denying that Binance beats Pionex when it comes to security features.

Binance is equipped with a specialized, multi-system security system alongside two-factor authentication.

Users can opt for cold storage of their crypto and enable multi-signature features as well. 

Every time there is a withdrawal request from your Binance account, the platform sends you a confirmation email.

You can also enable anti-phishing on Binance to avoid falling for fraudulent emails of hackers pretending to be from Binance. 

With Binance, you can prevent losses through the Secure Asset Fund for Users program.

If you choose to allocate 10% of all your profits to the fund, then you can easily cover major losses during an unforeseen incident. 

For an additional layer of security, users can enable withdrawal whitelisting that makes it harder for hackers to withdraw crypto from your account without your knowledge.

Pionex also offers a similar two-factor authentication feature for additional security. 

Similarly, Pionex is also licensed by the Money Services businesses that are aggregated from exchanges like Huobi and Binance.

This means that even whilst using Pionex, your funds are likely to be stored securely in either Huobi or Binance exchanges.

Since Pionex focuses on providing liquidity to users, most of their assets are combined with other exchanges. 

Pionex vs Binance: Usability and Customer Support

Pionex vs. BitUniverse: Customer Support and Security

Although a majority of crypto traders have become experienced individuals, some are still just starting out.

To cater to beginner traders, Binance has a successful YouTube channel filled with tips, guides, and detailed tutorials. 

If you want to connect with a Binance representative directly, then you can call their support phone number or send a request via the website.

Binance also has an active Twitter account as well as a separate channel for important announcements. 

Pionex focuses on building customer relationships by helping the users reach a representative instantly.

With an active Telegram group and Twitter account, Pionex has a social media strategy for customer support.

For a detailed response to a non-urgent query, users can write an email to Pionex at [email protected]

Pionex vs Binance: Mobile App

Binance Mobile App

Depending on your aesthetic, both Binance and Pionex have impressive mobile apps.

With user-friendly interfaces and an easy-to-use navigation bar, it is incredibly easy to make your way through either app to make a withdrawal or deposit.

Both Binance and Pionex apps are available for Android and iOS users. 

Binance caters to a wider audience with their app languages supporting English, Spanish, Chinese, Korean, and many more.

As for Pionex, their key feature is that every new update to the platform is integrated on the app first and foremost.

As a mobile user, you never have to worry about missing out on a new feature. 

Binance vs Pionex: The Final Verdict

Throughout this guide, you might have noticed that both Binance and Pionex are great at what they offer.

From automated trading bots to fixed withdrawal fees, both crypto trading platforms provide great functionality to the user. 

The final verdict about which platform is better comes down to the type of usage.

For automated crypto bots, trading terminals, and a minimal trading fee, Pionex is the right option.

Pionex is perfect for beginners and intermediate traders who are still experimenting with bots and don’t want to invest too much into crypto exchanges. 

However, for more complex trading options and features, Binance is the right option.

With Binance, you can make use of instant swap, crypto loans, and even staking. 

So, comparing Pionex vs Binance, we find them both to be viable options.

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Written by Thomas McGovern

Thomas McGovern is a highly experienced blockchain and cryptography expert with over a decade of experience in the field. He has worked on numerous projects involving blockchain technology, including the development of decentralized applications and the implementation of secure cryptographic protocols. McGovern’s expertise in this area is complemented by his academic background; he holds a master’s degree in Mathematics, with a focus on cryptography and number theory.