The digital currency industry has progressed significantly since 2009. The sector has grown by leaps and bounds as it tries to figure out how it can provide more utility and value to the world.
This is an important sector that more people are looking to as the traditional monetary system looks to be less stable than it was in the past.
This means that there should be quite a bit of interest in the digital asset sector moving forward as well. Further, it is compelling because there should be more technical talent that gravitates to this sector to help engineer more solutions that are in search of problems.
Meanwhile, we can see quite a bit of value building up within this sector with the technological advancements that are already in place.
The technological advancements that are compelling within the space range from the rise of digital assets, decentralized finance, and other aspects. But we also see one interesting aspect, a rise in bots and their utilization in speculation.
In this blog post, we are going to look at the fundamentals of two of the most popular free trading bot tools provided by Pionex and Kucoin. After reading this blog, you will know about their respective aspects. These aspects include:
- Trading strategies
- Packages and Prices
- Supported Exchanges
- Customer Service Support
- The overall experience of the trading bots.
- Reputation
Let us have a brief overview of both platforms and what they offer to the users.
A Brief Overview of Pionex
Pionex is a cryptocurrency trading bot that can be used to trade on the most popular exchange markets. It is software that can be downloaded and installed on your computer. The Pionex trading bot has been designed to make it easier for traders to trade cryptocurrencies.
It has been developed by a team of experienced traders and programmers who have been in the industry for over 10 years. The team wanted to make it easier for people to trade on the cryptocurrency market.
Pionex launched in 2019 and it has recorded massive trading growth. It is one of the fastest growing platforms in Asia with over $30 million in trading volume per day.
The Pionex trading bot is designed to be easy to use and can be used by anyone with basic computer skills. It is also compatible with all major exchanges, including Binance, Bitfinex, Coinbase Pro, Kraken, Poloniex, and many more.
Pionex provides 16 free trading bots that can be used by both beginner and advanced traders without additional fees.
Introduction To Kucoin Trading Bot
Kucoin is a cryptocurrency exchange that has been gaining popularity in the crypto world. It is a Hong Kong-based company that was founded in 2017 by Michael Gan and Eric Don. The entity is able to service a wide variety of customers in many parts of the world.
It is present in Europe, Asia, and in other parts of the world. Although it is present in these continents, it does not mean that it has a presence in every single country in these respective continents.
The entity offers a simple experience and enables users to purchase crypto, conduct various forms of trading, engage in derivatives, earn with lending options, and even have access to NFT aspects as well.
It is not a surprise to see that it also has automated options that can make a significant difference to consumers.
The Kucoin trading bots are an automated trading tool that can be used to trade on the Kucoin platform. The bots are programmed to buy and sell cryptocurrencies at certain intervals, depending on the bot’s settings. And these bots are designed to help traders make the best decisions when it comes to buying and selling cryptocurrencies.
The bots were launched on September 14th, 2018 and they have been gaining popularity ever since.
The Kucoin trading bots are designed to make trading on Kucoin easier for beginners and more efficient for advanced traders. They are also designed to provide users with a better experience by automating some of the tasks that they would have to do manually otherwise.
You can use the bots for both short-term and long-term investments, as well as day trading.
The company has been growing at an exponential rate and it now ranks among the top 10 cryptocurrency exchanges in the world.
Reputation of Pionex
Pionex has an excellent reputation in the industry because it offers high-quality services at affordable prices.
Pionex is developed by a team of experienced traders and programmers making it preferred by different level traders. The Pionex trading bot is designed to be used by both beginners and experts. It is also a trading bot that is highly suitable for beginner traders. This is because it has a simple interface that is easy to understand and use.
For advanced traders, It has a lot of features that are not available in other trading bots. Pionex can be used to trade on any exchange and it also supports margin trading, which means you can trade with more money than you have in your account.
The Pionex trading bot is available on the web, as well as on mobile devices. It can be used with any broker, including MetaTrader 4, MetaTrader 5, and cTrader.
We have not seen any significant issues with the Pionex bot. It does have a good reputation in the industry. Individuals have not made any aspersions or large negative comments against this firm or its bot.
People especially appreciate the fact that it provides individuals with the ability to have access to over ten digital asset automated tools. This can certainly make a difference for people as it provides many different strategies to utilize. If you are someone who wants to keep your emotions in check, find yourself on the go, or want to streamline your activities, this entity can meet your needs.
Reputation of Kucoin
As mentioned above, Kucoin’s trading bot has gained popularity since its launch in 2018. This is because of the way the trading is designed. It is suitable for any level crypto trader and It is easy to understand and use.
Incidentally, one can find that the Kucoin reputation system is one of its most important features. It is based on a point system, where users can earn points by trading on Kucoin or by referring other people to trade on Kucoin. The points are then used to rank users and determine their level of access to various platform features, such as withdrawal limits and trading fee discounts.
But this is not what we are talking about when we are looking at Kucoin’s and its respective bots reputation.
It seems that individuals do not have any issues with the bots as they continue to turn to these automated systems and tend to use them regularly for their respective needs. We have looked far and wide on the internet and it looks like it has a stellar reputation overall.
Individuals tend to ask if it is safe and if it is profitable, the safety is present and is quite objective while profitability will depend on the strategies or the way that one uses it.
Overall, it is important to note that Kucoin does have a solid reputation in the industry.
Packages and Prices of Pionex and Kucoin
Let us take a look at Pionex first.
Pionex
Pionex offers a comprehensive array of free automation solutions for speculators. The packages are designed to suit the needs of different traders and their trading strategies.
At the present moment, you can look at several speculation bots on Pionex.
Take advantage of:
- DCA
- Spot Futures Arbitrage
- Rebalancing
- Infinity Grid
- Martingale
- Arbitrage-Moderate
- Leveraged Grid
- Leveraged Reverse Grid
- Margin Grid
- Smart Trade
- Reverse Grid
- Buy the dip
- BTC/ETH Moon
It is important to note that these are free to use. They are free to use because the exchange earns by facilitating trades and charging on the respective trades.
The exchange has quite a bit of digital assets that one can interact with via the Pionex bots. People can take advantage of over 340 digital assets. That means that people in over 95 countries can benefit from these digital assets on the entity.
Remember that the entity has over 50 million trades on a regular basis. It has over $3B in monthly trading volume. It has been able to offer its service for over 1000 days. It has been able to show over 99% uptime.
Kucoin
Kucoin offers several free automation options:
- Spot Grid
- Futures Grid
- Smart Rebalance
- DCA
- Infinity Grid
What are the prices present here on Kucoin? It is free! That is right, the bots themselves are free. The reason why Kucoin offers it for free is that it can help to trade and earn. They earn by the slight fees that they place on the trades themselves.
This way, it makes sense for everyone involved in the process. Everyone is able to earn. For instance, Kucoin can earn as long as it facilitates trades, speculators can earn by making the right trades with the automations.
Pionex Trading Bot Strategies
The Pionex trading bot can be used with any currency pair and time frame. The platform offers 16 trading bots. One of them is called Grid Trading Bot. Some of the others are Infinity Grid Bot, Spot-Futures Arbitrage Bot, Smart Trade Bot, and DCA Bot.
When you choose one of the 16 trading bots, Your choice trading bot will work for you to achieve your crypto strategy.
Kucoin Trading Bot Strategies
There are three main trading styles on Kucoin. And your trading strategy influences your trade. They are Short term, Medium term, and Long term trading strategies. From spot grid to DCA, you can find short-term and long-term options that can pay off.
You can benefit from spot grid, futures grid, rebalancing strategies, dollar cost averaging strategies, and even infinity grid strategies as well. If you are looking to really look at what works best, it is a good idea to learn more about each of these strategies and when they work out best.
Pionex Bot Trading Pairs
Pionex is in itself an exchange that has a bot for its platform. It does not extend out to other platforms. There is no respective API one can use to connect the Pionex bot to other exchanges at the present moment.
The reason for this is that the entity would like more users to spend time within its platform. This makes sense, it is running a business that seeks to thrive over the long term by providing the right tools and spaces for speculators to feel comfortable to take action.
Pionex offers more than 250 cryptocurrencies including;
- Ethereum
- Bitcoin
- Litecoin
- Dogecoin
- Uniswap
- Tether
- USD Coin
Kucoin Bot Trading Pairs
Kucoin is a cryptocurrency exchange that provides trading pairs with Bitcoin, Ethereum, and Tether. It also offers its token called Kucoin Shares (KCS).
The supported exchanges on Kucoin are:
- BTC Markets: BTC/USDT, BTC/ETH, BTC/KCS
- ETH Markets: ETH/USDT, ETH/ETH, ETH/KCS
- USDT Markets: USDT/USDT, USDT/ETH
Kucoin provides over 600 cryptocurrencies for users to buy, sell, and trade. Some of the cryptocurrencies that are available on Kucoin are;
- Ethereum
- Dogecoin
- Bitcoin
- Polkadot
- Shiba Inu
- XRP
That means that you have a wide variety of options when it comes to your bots on kucoin.
The kucoin bot is not present on other exchanges. It is for kucoin to encourage enthusiasts to continue to use the platform and benefit from it. The entity seeks to offer a comprehensive and compelling service for its user base.
Customer Service Support Of Pionex
It has a customer service team that is available 24/7 to answer any questions and provide assistance. You can ask for customer support regarding any queries or issues.
There are three ways to access customer support on Pionex. These are through Email which is service@pionex.com, Telegram, or through a live chat functionality located at the bottom right corner of the website.
Pionex also has an FAQ section you can utilize. Your questions may have been answered there, so you should check them out. Other than that, you can reach out on social media channels and discord communities.
One disadvantage is you can not contact Pionex customer support via telephone.
Customer Support Service of Kucoin
The customer service of Kucoin trading bots is available 24/7 and they are always ready to help their customers with any issues they might have.
Kucoin provides customer service via email and social media platforms. Live chats are another way to ask for customer support.
You can utilize Kucoin’s support page to get answers to the issues especially if you need help with the platform’s features and tools. Remember that these entities are still looking to improve their support over time.
Overall Experience with Pionex Trading Bots
There is no such thing as a perfect trading bot or a one size fits all. It is a matter of choosing what’s best for you depending on your needs. And you have to choose the right trading bot for you.
Pionex as a platform deals with high trading volumes every month. And this happens only if the trading has proven its value to its customers.
Overall experience means legitimacy, ease of use, and safe trading. Pionex is indeed a legitimate platform. And it is known for being user-friendly for beginner and advanced traders. It can offer a fantastic experience and many people have a good experience on this platform.
The other aspect that concerns users is the security of a platform. Because it is a place where you are putting money and assets. For this reason, security is a no-brainer. And Pionex utilizes the two-factor authentication protocol making the site secure to trade.
Further, Pionex has not had any significant incidents.
Overall Experience with Kucoin Trading Bots
The user reviews on Kucoin trading bots are mostly positive, with people praising the simplicity of the interface and how easy it is to use these bots.
A user review of Kucoin shows the overall experience of users utilizing the trading bot. In general, Kucoin is praised for offering lower trading fees. Not only that it is also known for offering a wide selection of cryptocurrencies.
At the same time, it is necessary to note that Kucoin did have a security breach in its exchange at one point in time.
We are not aware of any breaches after that incident. But remember that breaches can take place in many different companies and in decentralized finance as well.
It is essential to realize that cyber security is something to pay attention to across the board, regardless of the platform.
Overall Conclusions on Pionex and Kucoin
There is nothing like a bad or wrong trading bot. Well, unless the bot does not work or has some sort of malware or other pernicious software that can take your assets. Thankfully, that is not the case with these bots. They do serve their purpose and they can be beneficial to your desired operations.
Now, when it comes to these automations, remember a few things.
Your automation tool of choice depends on what’s suitable for your trading style and strategy.
If you think that your trading needs and wants can be fulfilled through Kucoin, it is one of the best trading bots to try. If you think that Pionex is the way to go, then choose it, start, and try it out.
Trading tools have saved a lot of time, energy, and money for their users. It has simplified the whole cryptocurrency trading for anyone interested. Not only that, it has motivated people to start trading by offering a simplified interface and process.
Trading tools are only going to get better and simpler from now on. This means the number of users is going to increase. As a result, crypto trading will be a common asset-building means.
In general, Pionex and Kucoin are a few trading bots among hundreds of trading bots that are being created now and then. But both trading bots can help you see the overall idea of how automated trading works.