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Pionex

Pionex review

An exchange built around trading bots — and one of the few that openly publishes the size at the best price.

SpreadRadar editors Updated November 12, 2026 10 minutes read about authorship and sources

Who it suits

As a bot-driven venue with even prices, handy for triangular routes

Strengths

  • +300+ pairs with open sizes at the quote
  • +Built-in trading bots at no charge
  • +Prices close to the major venues

Keep in mind

  • !Funding rates for its perpetuals are not served as a list, so the venue is absent from funding
USDT pairs310spot
Withdrawal networks

Withdrawal networks and fees

Pionex does not publish its withdrawal networks and fees

So there is no live table here: check the cost inside the exchange account before you send.

The venue

What Pionex is

Pionex is put together differently from an ordinary exchange. Its foundation is built-in trading bots: grid, DCA, arbitrage and a dozen more strategies that run inside the interface at no extra charge. Manual trading is there too, but automation is the point.

By our measurements the venue carries a little over three hundred spot pairs against USDT. Pionex aggregates liquidity from the large exchanges, so its prices usually sit right up against the market: do not expect wide gaps here — but equally, no phantom spreads off a thin book.

In detail

What is on offer

Trading bots — grid, DCA, arbitrage and copy strategies, built in and free.

Spot — over three hundred USDT pairs.

Perpetual contracts — present, but the exchange does not serve funding rates as a list, so the venue is absent from funding.

In detail

What makes Pionex useful in our scanners

One detail: it publishes the size resting at the best price. Most venues serve only the price itself, and from that there is no telling how large a route can fill. That is why not every exchange makes it into triangular arbitrage — Gate and LBank, for instance, do not, for exactly this reason. Pionex does.

The venue takes part in spot arbitrage, triangular routes and stablecoin monitoring.

Important

Why Pionex routes show a question mark

The venue does not openly publish its network and withdrawal-fee directory, so we show no transfer status for it. Those rows are hidden while the «working transfers only» filter is on — that reflects what we know, not a closed withdrawal.

Fees

What a trade costs and what a bot costs

There are three schedules here, one per product. Spot is 0.05% for maker and taker alike — among the lowest base rates we cover. Perpetual futures run 0.02% maker and 0.05% taker. Leveraged tokens cost the most: 0.10% both ways.

Everything is charged on the value filled. 10,000 USDT of spot turnover costs 5 USDT. A 100,000 USDT futures position costs 20 USDT as maker and 50 USDT as taker.

The bot is free; its trades are not

The venue charges nothing to start a strategy or to subscribe. But every order the bot fills carries the ordinary trading fee, charged per trade rather than once per cycle. A grid bot that buys 1,000 USDT and sells 1,010 pays 0.50 and 0.505 USDT — a little over a dollar per turn of the grid. At a hundred turns a month that is a line item worth budgeting for before the strategy starts.

Beyond the fee come funding on perpetuals, the spread, slippage, interest on borrowed funds in margin strategies and the network fee on withdrawal. A free bot does not make the strategy free.

0.05%base spot rate
on each side of a trade
Fee to buy
Buy and sell
Makerposts a limit order and waitscheaper · 0.05%
Takertakes an existing order at marketdearer · 0.05%
How to pay less
1
Count the bot trades

Starting a strategy is free, but the fee applies to every order the bot fills, not once per cycle.

2
Move to contracts

Perpetuals cost 0.02% maker and 0.05% taker; leveraged tokens are dearer at 0.10%.

Bots

The strategy catalogue, in full

This is what people come to Pionex for. The bots are built into the exchange — no third-party service to connect and hand keys to.

Spot strategies. The grid bot trades a set range, buying lower and selling higher, with the step in money or percent. The infinity grid runs with no upper bound, for a market that climbs with pullbacks. The reverse grid aims at growing the coin count rather than the USDT balance. DCA spreads the entry across several buys on an interval and conditions. Rebalancing holds portfolio weights: BTC grows past 50% and part is sold, ETH slips and is topped up. Smart Trade manages a single idea with entry, target and stop. The on-chain grid works supported on-chain markets, where network fees and contract risk come into play.

With leverage. The leveraged grid and the margin grid raise exposure with borrowed funds — along with interest and liquidation risk.

Futures. The futures grid runs long, short or neutral. Futures Moon is a directional play on a strong move. The hedging bot offsets part of the directional risk with opposing positions, though fees, funding and basis risk remain. The signal bot executes signals from outside systems. There is a coin-margined grid too.

The old arbitrage bot is gone. The spot-versus-futures bot left the line-up in February 2024. The Arbitrage section on the site today is an investment offering, not that bot; the two should not be conflated.

A bot's minimum is usually higher than an ordinary order minimum: capital splits across levels, and each level needs enough for its own order. Ten grids means funding all ten. The venue shows the figure when the strategy is created, and it differs a great deal between pairs.

Money

Deposits and withdrawals: minimums and fees by network

The venue charges nothing to credit a deposit. Withdrawals carry two separate numbers that are easy to confuse: the minimum and the fee. On TRC20 the minimum is 2 USDT against a 1 USDT fee — so the recipient sees one of those two dollars.

Coin and networkMin depositMin withdrawalFee
USDT · TRC20121 USDT
USDT · ERC201126 USDT
USDT · BEP200.10.60.5 USDT
USDT · Arbitrum One0.121 USDT
USDT · Optimism0.121 USDT
USDT · Omni103630 USDT
BTC · Bitcoin0.00010.00080.00025 BTC
BTC · BEP200.0000050.000020.000018 BTC
ETH · ERC200.0010.00480.0028 ETH
ETH · Optimism0.00010.00030.0002 ETH

A snapshot of the venue's fee table on the check date. The values are dynamic, and regional versions of the page show different sets of networks.

The gap between networks is not cosmetic: withdrawing USDT over ERC20 costs six times what TRON does and twelve times what BSC does. Omni runs to 30 USDT — a relic best left alone.

The network list depends on which version of the site you open. The Russian fee page shows TRC20, ERC20, BEP20, Omni, Arbitrum and Optimism for USDT, while the English one adds Avalanche, Plasma, Solana and TON. The lists cannot simply be merged: check what your own account offers in the withdrawal form.
Money

Verification: no withdrawals without it

There are three levels. At level zero the daily withdrawal limit is zero: until basic identification is done, money cannot leave. Level one asks for country and full legal name and opens 20,000 USDT a day. Level two — a document, a photo and face recognition — raises it to 1,000,000 USDT.

In detail

Futures and leveraged tokens

Contracts are perpetual: long, short, leverage, margin, take-profit and stop-loss, with futures bots on top. Funding passes between the two sides of the market and is not an exchange fee: a positive rate means longs pay shorts, a negative one the reverse. The minimum order size belongs to each contract.

Leveraged tokens give exposure without margin of your own, but they rebalance. Over a longer stretch the result can drift well away from simply multiplying the price move by the factor — a property of the instrument, not a fault.

In detail

Earn, staking and structured products

Earn gathers placement for a return, staking with hourly accrual on some products, and structured strategies. Each offer sets its own terms: the underlying asset, the term, minimum and maximum, the rate, how it pays and whether you can exit early.

Reward over the term0.77 USDT
Per day0.11 USDT

We use the exchange's own formula: amount × rate ÷ 365 × term. Put in the rate you see in your account — it changes.

"Principal-protected" in the name is not a guarantee

The venue's own guide describes ETH Principal-Protected No.1 at 4.5–12% a year in ETH, a 0.01 ETH minimum and a seven-day term. That is a historical example, not a current offer. And the phrase itself does not remove the need to read the terms: what the capital is protected from, under which scenarios, and by whom.

In detail

Tokenized stocks

The venue trades tokenized shares and ETFs, with xStocks and Ondo Stocks named in its material. Such a token tracks the share price but is not ownership of the share through a broker: it usually carries no voting rights, and issuer, custodian and counterparty risk sit behind it. Availability depends on the country and on the requirements placed on the user.

In detail

The API, and driving bots from code

The API exposes not only quotes, the book, balances and orders but the bots themselves. The spot grid has methods to create, edit, add funds, stop, collect profit and validate parameters before launch; the futures grid adds reducing a position; Smart Copy and signal delivery are handled separately. Keys are best issued per system, with minimum rights and, where possible, bound to an IP.

In detail

The legal side, reserves and availability

The terms of service name Marketa Trading Inc. as the operator, while noting that the set of legal entities may change and that Pionex Pte. Ltd. and Pionex Inc. are not the operator under that edition. The US entity, Pionex Inc., holds NMLS ID 2284360 and money transmitter licences in several states; at the same time a public multi-state regulatory document records a consent order against that same company over money transmission activity.

A proof-of-reserves report was published, but it is dated January 2023 — it cannot stand for today's position. Check the date of the latest report, which assets it covers and which liabilities were included.

Where Pionex does not serve, and where the card does not work

The published terms list mainland China, Hong Kong, the United States, Singapore, Afghanistan, Cuba, Iran, North Korea, Syria, the United Kingdom, Canada, the Netherlands, Spain and France among restricted jurisdictions. Ukraine is not on that list — which does not make every product available at once. Separately, the Pionex card does not go through at merchants registered in Ukraine, alongside Afghanistan, Venezuela, Russia, Myanmar, North Korea, Iran and Belarus on the same restriction list.

Verdict

Who it suits

Anyone who wants a grid or DCA bot running without a subscription or third-party software. For hunting large cross-exchange gaps it suits less: its prices are designed to track the market.

The venue's own published tariffs — Pionex

These are not our measurements but what the exchange publishes itself. Checked on October 31, 2026
Spotmaker 0.05% · taker 0.05%
Futuresmaker 0.02% · taker 0.05%

USDT withdrawal

NetworkMinimumFee
BEP200.6 USDT0.5 USDT
TRC202 USDT1 USDT
Arbitrum One2 USDT1 USDT
Optimism2 USDT1 USDT
ERC2012 USDT6 USDT
Omni36 USDT30 USDT

What the venue offers

the bots are built into the exchange itself: grid, infinity grid, DCA, portfolio rebalancing, arbitrage and a spot-futures pair; leveraged tokens come separately.

The legal side

the US arm, Pionex.US, holds money-transmitter licences in individual states under NMLS 2284360; those permissions do not extend to the international platform.

FAQ

Frequently asked

What does trading on Pionex cost?+

Spot is 0.05% for maker and taker. Perpetuals are 0.02% maker and 0.05% taker, and leveraged tokens 0.10% both ways. The trading bots carry no separate charge.

What does running a bot cost?+

Starting one and subscribing are free, but every trade the bot fills pays the ordinary fee. One turn of a grid bot on a thousand dollars costs about a dollar, and with frequent trades that adds up.

Can you withdraw without verification?+

No. At level zero the daily withdrawal limit is zero. Level one asks for country and full name and opens 20,000 USDT a day; level two, with a document and face recognition, raises it to 1,000,000 USDT.

Which network is cheapest for USDT withdrawals?+

From the published table, BSC: 0.5 USDT against a 0.6 minimum. TRON, Arbitrum and Optimism cost 1 USDT each, ERC20 costs 6 and Omni a full 30. The set of networks depends on the site version and the account.

Does Pionex still have an arbitrage bot?+

The old spot-versus-futures bot left the line-up in February 2024. The Arbitrage section on the site now refers to investment products — a different mechanism entirely.

How many pairs does Pionex have?+

By our measurements a little over three hundred spot pairs against USDT. The figure is live and refreshes with the data.

Why does Pionex rarely show large spreads?+

Because the venue aggregates liquidity from the large exchanges and its prices are designed to track the market. That is a drawback for gap-hunting and an advantage for fill reliability.

What makes Pionex useful for triangular arbitrage?+

It publishes the size at the best price. Without that number there is no saying how large a route can fill, and venues that withhold it do not enter the triangular section at all.

Why is Pionex missing from funding?+

The venue does run perpetuals, but it does not serve funding rates as a list, and without the rate the funding section is pointless.

Do the bots on Pionex cost extra?+

The built-in strategies are available at no separate charge — the exchange earns on trading fees.

Methodology and principles of analytical processing

Forming and structuring the data

The analytical system brings disparate market information together into a single structure, accounting for the specifics of trading directions and the individual characteristics of each platform. That keeps the presentation consistent and the key parameters comparable.

Criteria for forming the results

Forming the analytical selection takes into account the completeness, availability and reliability of the source information. Parameters that meet the established processing and confirmation criteria are included in the calculations. Insufficiently substantiated values are not used in the final results.

Currency of the analytical information

The information presented is kept current through regular refreshing and reconciliation of the analytical parameters. How often that happens is determined by the nature of each category of data and the way it is processed.

Official sources

The exchange’s own pages — check there if our figures ever disagree with its.

Comparisons

Pionex or another exchange

orPionex or Binance

Two full ecosystems. Binance is stronger at the core — book and P2P; Pionex is more interesting around the trading itself.

Compare
orPionex or Bybit

Bybit is built for contracts; Pionex also covers earn, bots and launches. It comes down to what you need more often.

Compare
orPionex or OKX

OKX and Pionex are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orPionex or Bitget

Bitget and Pionex are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orPionex or Gate

Gate wins on the breadth of the list, Pionex on the services around trading. People often keep both and switch by task.

Compare
orPionex or MEXC

MEXC wins on the breadth of the list, Pionex on the services around trading. People often keep both and switch by task.

Compare
orPionex or KuCoin

KuCoin and Pionex are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orPionex or HTX

HTX and Pionex are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orPionex or BingX

BingX is built for contracts; Pionex also covers earn, bots and launches. It comes down to what you need more often.

Compare
orPionex or WEEX

A terminal against an ecosystem: WEEX is stronger at trading itself, Pionex at everything around it.

Compare
orPionex or Toobit

A terminal against an ecosystem: Toobit is stronger at trading itself, Pionex at everything around it.

Compare
orPionex or LBank

For a rare coin go to LBank; for bots and earn go to Pionex. They overlap less than it looks.

Compare
orPionex or Kraken

Feature set on Pionex against clean settlement on Kraken. The first is for trading, the second for money.

Compare
orPionex or WhiteBIT

Feature set on Pionex against clean settlement on WhiteBIT. The first is for trading, the second for money.

Compare
orPionex or Phemex

A terminal against an ecosystem: Phemex is stronger at trading itself, Pionex at everything around it.

Compare
orPionex or XT.com

XT.com and Pionex are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orPionex or KCEX

KCEX and Pionex are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orPionex or Ourbit

Ourbit and Pionex are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orPionex or BigONE

BigONE and Pionex are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orPionex or Crypto.com

Crypto.com and Pionex are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orPionex or Hotcoin

Hotcoin and Pionex are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orPionex or HIBT

Pionex and HIBT are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orPionex or Zoomex

Pionex and Zoomex are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orPionex or Bitunix

Pionex and Bitunix are built alike: spot, futures, earn, bots. The difference is in the emphasis and shows only up close.

Compare
orPionex or xRocket

Pionex and xRocket are two ecosystems of the same class. The choice usually turns on a detail: withdrawal price, interface, or a coin the other one lacks.

Compare
orPionex or BloFin

BloFin is built for contracts; Pionex also covers earn, bots and launches. It comes down to what you need more often.

Compare
orPionex or CoinW

CoinW is built for contracts; Pionex also covers earn, bots and launches. It comes down to what you need more often.

Compare
orPionex or Coinstore

For a rare coin go to Coinstore; for bots and earn go to Pionex. They overlap less than it looks.

Compare
orPionex or Deepcoin

A terminal against an ecosystem: Deepcoin is stronger at trading itself, Pionex at everything around it.

Compare

Pionex in our scanners: the spot spread.

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Bitunix

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xRocket

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Venue names on this page link to the exchanges through affiliate links: if you sign up through them, we earn a commission from the exchange. It changes nothing in the tables or in the review — those are collected automatically and identically for every venue.