Regardless of your experience in the cryptocurrency industry, you may want to find an automated trading bot solution that you can rely upon for buying and selling cryptocurrency. While the sector has many options to offer in this category, it only makes it difficult for you to choose a service that suits all of your needs.
Cryptohopper and Pionex are two of the many names that you may find during your search for the perfect trading bot. Since both of these trading bot solutions remain popular, it can be tough for you to pick one of them for your requirements.
To help you make this decision through a place of knowledge, here is a comparison of Cryptohopper vs Pionex.
💡 Reputation
Cryptohopper is one of the most popular trading bots in the cryptocurrency industry. Through its positive reviews, growing user base, and sought after features, Cryptohopper has built a stellar reputation in the sector. This makes Cryptohopper a highly credible option to choose for your trading activities.
At the time of writing, Cryptohopper has built its presence across the cryptocurrency segment with its advanced functionalities and modern user interface (UI). The platform also keeps adding new features and offerings to its slate, which helps fortify its position in the cryptocurrency industry.
Since Cryptohopper supports a variety of popular exchanges, it adds to the brand’s overall outreach to multiple segments of the cryptocurrency community. The platform’s ease of use appeals to fresh traders, while its extensive trading capabilities make it ideal for advanced traders.
This gives Crypthopper the potential to be the perfect option for almost all audience groups in the cryptocurrency sector. At the same time, the brand’s constant updates and excellent reviews continue to enhance its value proposition.
When comparing Cryptohopper vs Pionex, Pionex holds its own among its more popular competitors that also includes Cryptohopper. As a cryptocurrency exchange, Pionex has a slightly different subset of services. But since the exchange offers built-in cryptocurrency bots for its markets, it does make it stand in the same line as trading bot platforms.
As one of the pioneers of bundling cryptocurrency exchange services with automated trading, Pionex holds a distinct reputation in the industry. Apart from its once-innovative take on combining an exchange with in-house trading bots, the exchange has also garnered positive attention for the quality of its services.
This means that even though Pionex technically operates in a different lane than dedicated cryptocurrency trading bots, its inclusion of its own bots strengthens its hold in the cryptocurrency sector. Since the bots that Pionex offers come with a slew of trading approaches, they further add to the exchange’s efficacy in automated trading.
However, Pionex lags behind Cryptohopper in terms of overall popularity. While both of these platforms are highly-reviewed and receive positive comments from regular users and trading experts alike, Cryptohopper surpasses Pionex due to acquiring a larger user base and spending more time in the industry.
In this comparison of Cryptohopper vs Pionex, Cryptohopper wins this round due to the sheer number of reviews available for it, even if the comments that Pionex holds still remain favorable.
⌛ Time in Business
Founded by a pair of brothers, Cryptohopper came into being in September 2017. Since its launch over 5 years ago, the automated trading platform has made it its mission to make these services available to any cryptocurrency trader who wants to benefit from them. This leads Cryptohopper to offer competitive subscription plans, an intuitive UI, and a set of features that could appeal to all types of cryptocurrency traders.
Over the past few years, Cryptohopper has expanded its list of supported exchanges, which has allowed it to grow its audience base. From those who want to trade at popular exchanges to those who buy and sell their cryptocurrency at niche platforms, Cryptohopper can be an equally great choice for a trading bot.
The time in business has also helped Cryptohopper to garner glowing reviews from its user base and roll out its mobile apps for iOS and Android devices. At the same time, it has also improved its services to the point where its value proposition attracts a variety of individual traders.
Now to make a comparison of Cryptohopper vs Pionex: Pionex was founded in 2019. Since it was brought to the limelight, the exchange made it a point to market its services with a focus on its in-house trading bots that come without any additional fees. This earned Pionex much-needed attention across various facets of the cryptocurrency sector.
Over the past three years, Pionex has made some changes to its value proposition but mainly kept its in-house trading bots the crown jewel of its services. This has helped Pionex set itself apart from other exchanges. Most of all, it has assisted Piolex in carving its own niche against dedicated trading bot platforms that charge an additional fee for their services on top of the exchange’s trading fee.
Pionex has also added distinct bots to its lineup, taking their number from 12 bots to 16 bots. The exchange-and-trading-bot hybrid has also launched its mobile apps for iOS and Android, which it keeps updating on a frequent basis.
Overall, Cryptohopper holds an edge over Pionex due to its time in business and the perks that it enjoys as a seasoned player in the cryptocurrency trading field. But the innovative and budget-friendly approach that Pionex brings to the table makes its value proposition quite competitive.
💰 Packages/Prices
Even when you are performing a direct comparison of Cryptohopper vs Pionex, you need to keep in mind that their pricing structure is completely different to one another. Where Cryptohopper offers its solutions as a third-party automated trading bot platform, Pionex delivers its services as an exchange that has in-house trading bots available for its clients.
In turn, using Cryptohopper results in you paying a set subscription fee for the trading bots. Additionally, you need to take care of the trading fees at the exchange where you are buying and selling cryptocurrency by connecting the Cryptohopper application.
In contrast, when you use Pionex, you only have to take care of the trading fee on the exchange. The trading bots that are built into the platform are offered without any charges. This makes Pionex highly affordable to use in return for your ability to use an exchange of your choice.
With these concepts clear in your mind, you can move forward with comparing the overall pricing details that come with both Cryptohopper and Pionex.
Cryptohopper Pricing Details
Cryptohopper offers its services through four pricing plans. All of these plans have portfolio management, manual trading, and support for all available exchanges on the platform built-in by default. But they differ in terms of their overall services as well as their offered number of positions.
Subscribing to these plans on a month-by-month basis is possible. But you can get a discount by switching to yearly plans.
This includes the following subscription packages, with a 7-day free trial being offered for the Explorer or starting-level paid plan.
Pioneer
Explorer
- Positions: 80
- Monthly Plan: $19/month
- Yearly Plan: $16.58/month
Adventurer
- Positions: 200
- Monthly Plan: $49/month
- Yearly Plan: $41.58/month
Hero
- Positions: 500
- Monthly Plan: $99/month
- Yearly Plan: $83.25/month
Among other features, the Hero plan also offers market arbitrage as well as algorithm intelligence.
Pionex Pricing Details
While comparing Cryptohopper vs Pionex, you need to remember that the latter offers trading bots as a value added service in return for clients using its exchange. Instead of a subscription plan on the lines of automated cryptocurrency trading bots, Pionex operates on a pricing mechanism that is followed by cryptocurrency exchanges. This means that in order to use the trading bots, you only have to pay trading fees to Pionex that you would have paid at any other exchange to begin with.
Typically, the Pionex trading fees start from 0.05 percent of your trading amount as both a market maker and taker. But the fees can lower down further depending upon your overall trading volume. The fees are competitive as compared to many other popular cryptocurrency exchanges, while also ensuring that you are able to use the trading bots for free.
Side-By-Side Comparison
The biggest advantage of using Pionex trading bots is the lack of fees for this service. But with it, you need to put up with the stipulation that you can only buy and sell cryptocurrency on Pionex itself. This brings you an affordable offering that is dictated by specific conditions, especially if your main goal is to find a trading bot platform instead of a cryptocurrency exchange.
On the other hand, Cryptohopper acts along the same lines that you would expect from a third-party and standalone trading bot platform. It provides you with connections to an extensive list of exchanges in return for a subscription fee. This adds to your expenses as compared to using Pionex. But if you want to use an exchange other than Pionex and don’t want to trade in the flexibility to switch exchanges, you can take solace in the fact that the fee is structured like regular market offerings of its type.
To summarize, in this round of Cryptohopper vs Pionex, Pionex wins by a significant margin due to offering its automated trading bots service free of cost to its clients who use its exchange. But if you don’t want to trade in the flexibility to use other exchanges, Cryptohopper with its overall offerings might be a good fit for you.
This brings down the winner of this round to a matter of personal preference and trading style. By analyzing your needs and your trading approach, you can determine which of these options is better for you.
⚙️ Strategies
Both Cryptohopper and Pionex offer a mix of strategies in the form of their trading bots as well as their overall features. In order to make an informed decision about which of these platforms suits your trading approach the most, it is important that you go through these details.
Cryptohopper Strategies
- Automated Trading. This tool lets you trade through automatic strategies. You can choose through a variety of approaches such as Dollar Cost Averaging (DCA).
- Strategy Builder. This option lets you build your own trading strategy through different bots and trading approaches.
- Copy Bot. This functionality enables you to copy the trading strategy of other successful traders on the platform.
- Market Maker. This approach allows you to build liquidy for your chosen cryptocurrency asset, which then lets you earn your profits from a spread.
You can also choose from different strategies such as trailing, stop-loss, take profit, auto-close, and DCA. Combined with indicators and candle sticks, you can design a strategy that is beneficial for you.
Pionex Strategies
Pionex allows you to build your strategies through its 16 trading bots. These bots include but are limited to the following options.
- Grid Trading. This bot lets you put your orders over and below the range of a specific price. This creates a grid to place your orders across different prices.
- DCA. This bot breaks down your investment in a particular asset by segmenting your purchases into different periods. This cuts down your risk in any given investment.
- Rebalancing. This bot enables you to rebalance your portfolio every 5 minutes. This keeps your cryptocurrency assets in line with market conditions.
- Martingale. This bot is built upon the Martingale strategy that lets you use more funds for each market dip, until the market goes up.
Apart from these strategies, Pionex also lets you use order types such as trailing, stop limit, and arbitrage. Through the different mix of these orders, you can find something that is right according to your trading approach and allows you to buy and sell cryptocurrency with ease.
In this section of Cryptohopper vs Pionex, Cryptohopper is the clear winner. With its variety of strategies, advanced features, as well as compatibility for new and seasoned traders, the dedicated trading bot establishes exactly why it operates as a subscription-based solution that works well with multiple exchanges.
👌 Exchanges Supported
The comparison of Cryptohopper and Pionex makes one thing clear from the get go: While Cryptohopper is a trading bot platform that supports multiple exchanges, Pionex has been designed to work only with its own exchange.
This means that this section is not set upon a level playing field at all. But it is still important that you take a good look at the number and names of exchanges that Cryptohopper supports against its subscription price. This makes sure that you can assess both solutions for what they bring to the table.
With that in mind, Cryptohopper offers support for the following exchanges.
- Bitfinex
- Binance
- Binance.US
- Bitpanda Pro
- Bittrex
- Bitvavo
- Bybit
- Coinbase Pro
- Crypto.com
- EXMO
- HitBTC
- Huobi Pro
- Kraken
- KuCoin
- OKX
- Poloniex
At the time of writing, Cryptohopper supports 16 exchanges. Since the platform keeps adding new exchanges to its slate, it is not too far off to project that this list might grow with time.
In contrast, Pionex holds its cards close and only offers its solutions within its own exchange. This marks a major distinction between both solutions.
The winner in this round of Cryptohopper vs Pionex is clearly Cryptohopper. However, putting the crown over one of these platforms once again depends upon your personal preference.
If you want to use your cryptocurrency bot over different exchanges, Cryptohopper still remains on top of these two choices. But if you don’t want to pay any additional fees for your automated trading bots and don’t have any qualms about using Pionex as the default and only exchange with your free trading bots, Pionex might be a better option.
👨💻 Customer Service
Cryptohopper’s customer service is available through a live chat option. You can access it through the main website and reach out to the Cryptohopper team for any questions or complaints that you have at hand.
Apart from live chat, you can also access Cryptohopper support through a slew of other options that include but are not limited to helpdesk, tutorials, blogs, and documentation. There is also an Academy option available that guides you through the nitty-gritty of Cryptohopper.
The level of detail across these segments makes Cryptohopper a breeze of fresh air for new and experienced traders alike. This elevates Cryptohopper’s already intuitive interface and ensures that the learning curve is not too steep for you.
When it comes to looking at Cryptohopper vs Pionex side by side in this section, Pionex lags behind in more than one department. While Pionex has a live chat tool available on its website where you can contact the team with your inquiries and concerns to get real-time support, its resources section leaves a lot to be desired.
For instance, the Pionex FAQ section is not extensively populated. It also doesn’t have all the information that you need for learning about trading bots and setting them up yourself. These details are scattered through a separate blog, which has significant room for improvement in terms of categorizing and delivering the required information.
This not only makes it difficult for you to find relevant information, but also has you run into different hurdles to discover the answers to your queries. These hurdles make it challenging for you to have a smooth experience on Pionex, which otherwise brings an impressive solution to the table for an exchange providing free to use trading bots.
In turn, this Cryptohopper vs Pionex comparison rules heavily in Cryptohopper’s favor. If you are not worried about spending the monthly or yearly subscription fee in exchange for a user-friendly support service, you may want to choose Cryptohopper over Pionex for your automated trading needs. But if you have no issues finding your way through a maze of information, you can choose Pionex as your automated trading bot provider.
📢 Overall Experience
The overall experience for Cryptohopper and Pionex depends upon the following key factors.
- Subscription charges – Winner: Pionex
- Exchange availability – Winner: Cryptohopper
- User-friendliness – Winner: Cryptohopper
- Advanced functionality – Winner: Cryptohopper
- Proactive support – Winner: Cryptohopper
In most of these segments, Cryptohopper surpasses Pionex by a significant margin. With that being said, the subscription charges can be a thorn in your side. Whereas, Pionex lags behind in a majority of these aspects, but its free offering for trading bots remains its most redeemable quality.
After taking your time to assess the features and their functionality of each trading bot for your requirements, you can choose a solution to become your primary automated trading bot. But whichever platform you end up selecting, remember to only invest funds that you can afford to lose. This vigilance keeps your essential finances safe from any market fluctuations.