Software Alternatives, Accelerators & Startups

Cryptotrader VS Pionex

Compare Cryptotrader VS Pionex and see what are their differences

Cryptotrader logo Cryptotrader

Cryptotrader allows to backtest and fully automate your strategies by trading robots running on our scalable cloud 24/7.

Pionex logo Pionex

Best Free Crypto Trading Bots Pionex is one of the world’s 1st exchange with 18 Free trading bots. Users can automate their trading 24/7 without always checking the markets. It aggregates the liquidity from Binance and Huobi Global and is one of....
  • Cryptotrader Landing page
    Landing page //
    2022-01-17
  • Pionex Landing page
    Landing page //
    2023-09-03

Features: 1、Pionex provides 18 free trading bots for retail investors. 2、The trading fee is the lowest compared to most of the major exchanges. The trading fee is 0.05% for maker and taker. 3、Grid Trading Bot allows users to buy low and sell high in a specific price range. 4、Leveraged Grid Bot provides up to 5x leverage. 5、Spot-Futures Arbitrage bot helps retail investors to make passive income with low risk. The estimated return for this strategy is 15~50% APR. 5、Martingale bot performs DCA buy, one-time sell to capture fluctuation profit. 6、Rebalancing bot helps you to hodl the coins. 7、Dollar-Cost Averaging (DCA) Bot Sets repeated purchasing at regular intervals to offset the effects of volatility. 8、Smart Trade terminal allows traders to set up stop-loss, take profit, trailing in one trade. 9、U.S. FinCEN’s MSB (Money Services Business) License approved

Price: Free

Mobile Apps: iOS & Android

Exchanges: Binance,Huobi,CoinbasePro,Pionex,FTX,KuCoin,OKEx,Bithumb,Gate.io,Bitfinex,Poloniex,Bittrex,liquid,ProBit,BigONE,Indodax,Lbank,Bitbns,Bitget,Bybit,BitoPro,CEO Global,HBTC,Hydax ,MEXC,ShuBao

Cryptotrader features and specs

  • Automation
    Cryptotrader allows users to automate cryptocurrency trades based on their strategies, which can save time and potentially increase trading efficiency.
  • Strategy Marketplace
    The platform offers a marketplace where users can buy and sell trading strategies, providing opportunities to leverage others' expertise.
  • Backtesting
    Users can backtest their trading strategies using historical data, helping them refine approaches before deploying them in live markets.
  • Cloud-Based
    As a cloud-based service, Cryptotrader doesn't require users to install or maintain any software on their local machines.
  • Exchange Support
    Cryptotrader supports numerous exchanges, allowing users to diversify their trading activities across different platforms.

Possible disadvantages of Cryptotrader

  • Cost
    The platform operates on a subscription model with different pricing tiers, which can be costly for some users, especially beginners.
  • Complexity
    The platform might be overwhelming for novice traders due to its advanced features and the need to understand trading strategies and technical indicators.
  • Market Risks
    Automated trading carries inherent market risks, and users can suffer losses if their strategies do not perform as expected.
  • Reliability
    As with any online platform, there can be technical outages or glitches that may impact trading activity and execution.
  • Limited Educational Resources
    Cryptotrader may not offer extensive educational resources or guidance for users, making it challenging for newcomers to get started effectively.

Pionex features and specs

  • Built-in Trading Bots
    Pionex comes with 16 free built-in trading bots, which can help automate trading strategies and potentially increase efficiency and profits for users.
  • Low Trading Fees
    Pionex charges a low trading fee of 0.05% per transaction, making it cost-effective for frequent traders compared to many other exchanges.
  • Regulated
    The platform is regulated under the Money Services Business (MSB) license by FinCEN in the United States, which can provide an added layer of security and trustworthiness.
  • User-Friendly Interface
    Pionex offers an intuitive and user-friendly interface, making it accessible for both beginner and experienced traders.
  • Liquidity Aggregation
    Pionex aggregates liquidity from major exchanges like Binance and Huobi, ensuring users can execute trades with minimal slippage and sufficient liquidity.

Possible disadvantages of Pionex

  • Limited Fiat Support
    Pionex has limited options for fiat currency deposits and withdrawals, which can be a barrier for users looking to trade directly with fiat currencies.
  • No Direct Customer Support
    The platform primarily relies on a help center and email support, which may not be sufficient for users who prefer direct, real-time customer support.
  • Risk of Automation
    While automated trading bots are advantageous, they also carry risks as they may execute trades based on predefined algorithms, potentially leading to losses during volatile market conditions.
  • Geographic Restrictions
    Certain countries may face restrictions or be unable to access the full suite of services offered by Pionex, limiting the platform’s global accessibility.
  • Lack of Advanced Trading Features
    While the platform is user-friendly, it lacks some advanced trading features and tools that professional traders might require for in-depth analysis and strategy formulation.

Analysis of Pionex

Overall verdict

  • Pionex is a solid choice for those interested in automated trading within the cryptocurrency market. Its focus on providing effective tools for managing automated strategies makes it a valuable platform, although users should always conduct their own research and assess their risk tolerance before trading.

Why this product is good

  • Pionex is considered a good option for cryptocurrency trading due to its unique offering of built-in trading bots, which allow users to automate their trading strategies with ease. The platform provides a low trading fee structure, a user-friendly interface, and a range of tools that cater to both beginners and experienced traders. Additionally, Pionex consolidates liquidity from major exchanges, which can lead to better pricing and order execution.

Recommended for

  • Individuals interested in automated cryptocurrency trading.
  • Traders looking for low-cost trading solutions.
  • Users who prefer a user-friendly interface with integrated trading tools.
  • Those who want access to consolidation of liquidity from multiple exchanges.

Cryptotrader videos

Crypto Trader Review - Avoid the 'CryptoTrader' App SCAM! (New Update)

More videos:

  • Review - Cryptotrader Trading Bot Review
  • Review - Crypto Trader Review | Is CryptoTrader App Legit? Crypto Trader EXPOSED!

Pionex videos

Pionex Review 2021 - Best [Free] Crypto Trading Bots Inc. Grid Bot & Spot Futures Arbitrage Guide

More videos:

  • Tutorial - Pionex Tutorial: Crypto Trading bots made easy!

Category Popularity

0-100% (relative to Cryptotrader and Pionex)
Cryptocurrencies
20 20%
80% 80
Trading
100 100%
0% 0
Cryptocurrency Trading
17 17%
83% 83
Cryptocurrency Investment

User comments

Share your experience with using Cryptotrader and Pionex. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Cryptotrader and Pionex

Cryptotrader Reviews

Best crypto trading bots 2020
CryptoTrader is one of the oldest bots that has been present in the niche since Mt. Gox times. It’s cloud-based, so you don’t have to install it to your PC. Also, with CryptoTrader, you have an option to backtest your ideas before doing real-life trades.
Source: tradesanta.com

Pionex Reviews

10 BEST Crypto Trading Bots for Automated Trading (2023)
Pionex is one of the world’s 1st exchanges with 12 Free trading bots. Users can automate their trading 24/7 without always checking the markets. It aggregates the liquidity from Binance and Huobi Global and is one of the biggest Binance brokers
Source: www.guru99.com
10 Best Crypto Bots
Pionex trading bot is one of the best cryptocurrency trading bots. With Pionex bot, you can automatically check all your trades 24 hours a day without repeatedly checking the cryptocurrency market.
Source: barterify.org
Introducing 4 Profitable Trading Bot
Pionex trading bot is one of the best cryptocurrency trading bots. You can check all your transactions 24 hours a day, without constant scrutiny of cryptocurrency markets.
Source: medium.com

Social recommendations and mentions

Based on our record, Pionex seems to be more popular. It has been mentiond 6 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Cryptotrader mentions (0)

We have not tracked any mentions of Cryptotrader yet. Tracking of Cryptotrader recommendations started around Mar 2021.

Pionex mentions (6)

  • Got scammed
    This site you were on "coinpionex" is not the official site from pionex. There is only one: https://pionex.com. That's it. What happened is a typical scam: a supposed girl talks you into trading. They trade for you on a scam site and tell you, that you made a lot of profit. But everything on this site is fake. All they want is to get you to spend more money. Once the scammer thinks, that you get skeptical, they... Source: over 2 years ago
  • How to minimize trading fees?
    Go check out pionex.com, the transaction fees are only 0.05%. Kinda most competitive fees on the market now. Source: over 2 years ago
  • Be careful if using Pionex.US as your account can get suspended
    But if you're at the global site last year and didn't do the KYC, then you might have the chance to use it. Cause pionex.com and pionex.us are totally different site. Source: almost 3 years ago
  • How do you migrate to Pionex.us
    If you not in US you should be ok and don't worry. But if you are I think we should migrate. US is freaking strict. And US pionex doesn't have all the coins pionex.com has. They have only a few. So you may have to sell the ones they don't have in pionex US. Source: almost 3 years ago
  • Loopring has collaborated with Pionex, a global pioneer exchange (CEX) with leading trading bots, on a new LRC Dual Investment product.
    To kick it off I would like to introduce: Pionex (https://pionex.com/) w/ @Lunik from the team there 🥳. Source: about 3 years ago
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What are some alternatives?

When comparing Cryptotrader and Pionex, you can also consider the following products

Trality - Trality is an automated investing platform offering fully automated bots and portfolios through its innovative Marketplace. The marketplace enables investors to discover, review and rent profitable trading bots created by other expert Trality users.

Coinrule - Coinrule empowers traders to compete with professional algorithmic traders and hedge funds.

Cryptohopper - Cryptohopper is the best crypto trading bot currently available, 24/7 trading automatically in the cloud. Easy to use, powerful and extremely safe. Trade your cryptocurrency now with Cryptohopper, the automated crypto trading bot.

Zenbot - Before using trading bots, you need to understand that they are NOT a surefire profit machine. You may want to watch this video.

3commas - 3commas.io provides tools for cryptocurrency traders and investors.

Bitsgap - Cryptocurrency trading, bots, signals, arbitrage and portfolio - all trading tools you need with access to 25+ crypto exchanges from one interface.