【Teaching】What is Pionex? is it safe? Grid, deposit and withdrawal operation guide

Cryptocurrency investment is becoming more and more popular, but unlike stocks, it operates 365 days a year. How do ordinary investors operate?

Cryptocurrency exchange "Pionex" has created the world's first service for automatic quantitative trading in order to tailor users' investment habits, allowing users to operate continuously 24 hours a day based on parameters to meet the investment needs of retail investors.

So what are the popular products of Pionex’s automated trading strategies? What are the differences between its applicable investment opportunities and user groups? Let this article guide you step by step!

What is Pionex? What are the characteristics?

Pionex is the world's largest automated trading cryptocurrency platform. It was founded in 2019 and is headquartered in Singapore. It has the following characteristics:

• Provides up to 16 quantitative trading robots, users can customize the parameters and operate 24 hours a day.
• The platform interface is simple and easy to use, making it suitable for novices.
• Aggregates well-known cryptocurrency exchanges in the market to provide stable trading depth.
• A completely free cryptocurrency trading bot, Pionex only charges transaction fees.

In addition to quantitative trading robots, Paiwang also provides spot, contract, financial management, pledge and other products, and supports multiple currency transactions.

With the gradual development of AI, Pionex even supports the PionexGPT function this year. Users can create your own trading strategy based on this function, directly turn strategic ideals into practice, and create the best performance.

Is Pionex safe? Is it a scam?

In terms of security, Pionex has the following features:

1. Adequate reserves: Pionex promises not to misappropriate user funds, reserves 100% of user assets, and releases Merkel tree certificates every week. Users can check the exchange wallet address by themselves.
2. Regular professional audits: Regularly hire third-party audit agencies to conduct security audits to ensure that there are no loopholes in the system.
3. Stable system operation: Paiwang has always maintained an excellent record in security. Since its establishment more than 1,500 days ago, there have been no security breaches.

From the above information, it can be seen that Pionex is trustworthy in terms of security. Information about quantitative robot fraud may sometimes appear in the community, but those are usually tactics operated by fraud groups, and users must find out " The real Paiwang website and APP" to prevent being deceived.

Introduction to popular robots and strategies of Pionex

Grid trading robot

The grid trading robot is an automated trading strategy that cuts the price range of the investment target into many small intervals and buys low and sells high at the price point of each interval. Take advantage of price fluctuations to profit.

The biggest advantage of grid trading is that it is simple to operate, does not require manual intervention, reduces investors' transaction and time costs, and is mainly suitable for volatile and rising markets.

Of course, there is no winning strategy that can always make money 100%. When the token you choose or the market is in a long-term decline, the strategy of buying low and selling high will only sell lower and lower, resulting in losses.

And when the market returns to rise, if it keeps rising without any shock, then your tokens will continue to be sold due to the grid strategy, which is the so-called "fly selling", and the income will be higher than that of long-term holders of tokens. Low.

When users set the grid, there are three main modes to choose from:

• Manual setting: adjust the price range and quantity of the grid yourself.
• Intelligent parameters: In manual settings, set appropriate parameters according to system recommendations.
• Strategy copying: follow traders, grid settings provided by Paiwang AI

Contract Grid Robot

To put it simply, the contract grid robot is the original grid trading robot with the functions of "leverage" and "short order". It can be used in both bull and bear markets.

Users can use leverage to amplify profits in the contract grid. On the other hand, if the direction is chosen incorrectly, the risk of forced liquidation will also increase. Currently, Paiwang supports up to 100 times leverage.

When users set the grid, there are two main modes to choose from:

• Manual setting: adjust the price range and quantity of the grid yourself.
• Strategy follow-up: Follow the traders and the grid settings provided by Paiwang AI; the strategies provided by Paiwang AI are divided long, short and neutral shock trends. Users can choose different leverage multiples according to their needs.

martingale robot

The Martingale robot is a trading robot based on the position-adding strategy. Paiwang's Martingale robot can gradually increase investment to average the purchase cost when the price drops according to the set increase ratio, thereby making profits when the price rebounds.

Therefore, the biggest risk of this strategy is that when the market continues to fall, you may need to continue to add positions, which will eventually lead to the exhaustion of principal.

When users set up the Martingale robot, the first step is to select the "single currency" or "multi-currency" mode. Newbies are advised to choose mainstream currencies such as Bitcoin $BTC and Ethereum -20232023202320232023- 0 - Wait, in case the volatility is too large, you can start setting after completion, which is mainly divided into three modes:

• AI strategy: directly uses the set parameters, which are mainly divided into conservative and balanced types.
• Manual setting: Manually adjust how much the price drops to increase the position and how much the profit makes to take profit.
• Free parameters: In addition to adjusting the price, you also need to set the number of copies to purchase. If you are a novice, it is not recommended to use it because the setting is more complicated.

Tunbibao

Tunbibao is a time deposit product provided by Paiwang. Users can deposit cryptocurrencies into their Tunbibao account to obtain fixed interest rate returns. Similar to deposits, it can help investors accumulate their holdings in an average cost manner. Cryptocurrency assets, suitable for long-term investors.

Compared with Grid and Martingale robots, Tunbibao is easier to set up. Users need to choose dual-currency or multi-currency mode according to their needs at the beginning.

If you use the multi-currency model, users can add the ideal currency themselves, and the system will automatically help you allocate the investment ratio of each token.

If you don't know what to invest, users can also choose the trader strategy in Index Square. The strategy will display the currency invested and the trading performance of the last 7 days, 30 days and 180 days.

term arbitrage

Term arbitrage is a robot that can arbitrage using funding rates.

In the cryptocurrency market, when traders use perpetual contracts to trade, users need to pay a certain fee to the exchange to maintain long and short contract positions. This fee is called the "funding rate."

• In the cryptocurrency market, under normal circumstances (except for extreme bear markets), long traders who are short than short.
• When there are more buyers than sellers of a perpetual contract, the funding rate is a positive interest rate. This means that long are willing to pay short to maintain their position.

In this case, the term arbitrage bot can short the perpetual contract and long the spot market at the same time. Profit from funding rates through hedging.

However, it should be noted that term arbitrage robots also have certain risks. If market prices fluctuate significantly, term arbitrage robots may be at risk of liquidation. In addition, term arbitrage robots are more difficult to make profits during bear market declines.

Dual currency financial management

Dual-currency financial management is a financial product that combines options and financial management, allowing investors to make profits by taking advantage of market price fluctuations within a set price range.

The working principle of dual-currency financial management is as follows:

1. Investors first choose an investment target, such as BTC – USDT.
2. Investors set a pegged price, which represents which asset the investor will receive if the market price is higher or lower than the pegged price on the expiration date.
3. Investors set an annualized rate of return, which represents the return the investor will receive on the maturity date.
4. Investors invest money and start earning interest.

Settlement on maturity date:

• If the BTC market price ≥ the peg price you choose, the system will automatically settle the income in USDT and return the financial income + investment amount (USDT) during this period, which means you can get more USDT.
• If the BTC market price is < the pegged price you choose, the system will automatically settle the income in BTC, and the return will be to use the pegged price to buy BTC equivalent to the "financial management interest + investment amount", which means you can get more BTC.

To sum up, dual-currency investment is a financial product that allows you to earn interest while buying at the buy the dips. It allows you to use your idle funds when buy the dips at the bottom. However, the relative risk is that users cannot redeem assets in advance, so You may earn interest but lose the spread.

Heaven and earth are single

Tiandi Single is a type of grid trading strategy. The difference is that the grid range of Tiandi Single strategy is usually set wider, such as BTC 10,000 – 100,000, to increase the profit rate of each grid. It is mainly suitable when the market changes violently. .

Follow-up Plaza

If the user does not have relevant investment strategies or experience, you can also choose to use the follow-up function launched by Pai.com.

Traders in the market can choose to list investment strategies on Pai.com, and Pai.com will screen and review these traders to prevent traders' strategies that maliciously cause investors to lose money from being placed on the platform, but of course there is no guarantee that these reviewed traders will It can 100% help you make money, but users still need to judge the relevant performance of traders to make choices.

Grenade exclusive follow-up cooperation

If you use us when registering on Pai.com Register with Grenade’s invitation code . In addition to getting a 20% discount on trading fees, you can also use the traders’ strategies that we cooperate with (they will only appear if you fill in our invitation code!)

 Note: The platform will update the users who can follow orders every week. You will not see it immediately after registration. If you need to use it immediately, you can join the Grenade community to ask.

The trader we are currently cooperating with is " crypto". Users who use the invitation code can find this strategy in the "Subscribed" section of the copy square.

crypto is a "stable and low-frequency" investment strategy that only deals with the mainstream currencies in the market: BTC, ETH and XRP. This strategy mainly makes profits by capturing the band trend, so it is normal for the market to suffer from wear and tear. phenomenon.

However, it should be noted that this strategy is a stable and low-frequency operation, so it is recommended to follow the order for at least one year. The effectiveness of the strategy needs to be accumulated over a long period of time, and profits cannot be amplified in a short time. The following are the parameter settings for copying:

• Order amount: needs to be greater than 700 USDT.
• Stop loss and take profit: no adjustment is required, the strategy itself has a set stop loss and take profit mechanism.
• Profit reinvestment: Remember to check the box, and you can throw the profits into the robot to run strategies to gain profits.
• Leverage multiple: 1x

After completing the settings, you can start to follow the order, but you still have to remind the user that following the order does not necessarily mean that you can make money. If you feel that the strategy does not meet your expectations, you can turn off the follow-up order at any time. Grenade also Regular discussions will be held with cooperating traders to ensure that the strategy is set in line with market demand.

But the most important thing is that no matter how profitable a strategy is, users must not put all their assets in the same strategy/place, because the crypto is still a very new market, and you never know whether this market will suddenly explode. , Black swan events occur, and only by avoiding big risks can we have a long-term future in the financial market.

If the user already has a Paiwang account and has passed KYC authentication and cannot use our cooperation strategy, the user can refer to the account cancellation method provided at the bottom of our article to reapply for an account.

Pionex tutorial: registration, deposit, withdrawal

register

To use Pionex, you first need to register an account. The registration process is very simple:

• Enter Registration page . (This link enjoys a 20% handling fee discount)
• Use your email or mobile phone as your account.
• enter password.
• Fill in the email or mobile phone verification code to complete the registration.

If the user forgets to use the invitation code when registering, they can also fill it in on the account overview page: M69Gq1iF

Authentication

After completing the registration, users must first undergo first-level identity authentication before they can start transactions. If they want to use legal currency to deposit and withdraw funds, they need to undergo second-level authentication.

Security settings

In addition to identity authentication, when users want to withdraw coins after completing a transaction, they also need to set up "mobile phone verification" or "Google Authenticator verification" before they can use the service.

Deposit

Pionex currently supports multiple deposit methods including cryptocurrency recharge, credit card, and bank transfer. For Taiwanese users, the most commonly used methods are cryptocurrency recharge and credit card purchase, because bank transfer currently does not support New Taiwan Dollar or US Dollar options.

Using a credit card to buy coins is the fastest way, but because you use a third-party channel to purchase, the exchange rate is usually poor, while cryptocurrency transfers allow you to buy at a more affordable price.

Users can use exchanges that already support "NTD bank transfer", such as MAX , Use ACE to purchase cryptocurrency, and then transfer it to Pi.com. For detailed steps, please refer to the article link of the exchange.

Withdraw funds

The current withdrawal method for Taiwanese users can only choose cryptocurrency transfer. Users need to transfer the cryptocurrency to a Taiwan dollar exchange that provides New Taiwan Dollar trading, such as MAX , ACE , or an international exchange that provides over-the-counter trading services, such as Binance , OKX , you can convert the funds back to New Taiwan Dollars. For detailed operation steps, please refer to the article link of the exchange.

Transfer and cancellation of old account

If the user wants to obtain " "Grenade Invitation Code " exclusive 20% discount and follow-up strategy, but if you have already had a Paiwang account and completed identity authentication in the past, the user must complete the following operations:

1. use Grenade invitation code to register a new account
2. Complete KYC 1 verification
3. Transfer old account assets to new account
4. Cancel the old account (please refer to the picture below)
5. Go to the new account to complete KYC 2 verification 30 days after logging out.

If the Paiwang account registered by the user in the past has not passed the identity authentication, he or she can directly use the " Grenade invitation code " to register a new account.

Summarize

In summary, Paiwang Exchange solves the problem that ordinary investors do not have time to keep an eye on the market. It also overcomes the common investors' "reluctance to buy" and "reluctance to sell" through quantitative trading strategies in order to seek stable returns.

But strategies are not omnipotent. When investors pursue stable returns, if the market continues to rise, they will sacrifice high profits, which is commonly known as overselling.

In addition, when the market is in a long-term turbulent downturn, there are usually fewer quantitative strategies and profit returns that can be used, so investors must allocate assets well to guard against unpredictable risks.

In addition to quantitative trading, if you prefer investment products such as derivatives, DeFi, and NFT, it is more recommended to use international exchanges Binance Vs. OKX , if you are pursuing stable lending income, it is recommended to use the exchange Bitfinex and lending robots Fuly.ai , for more detailed introduction information, please refer to " Virtual Currency Newbie Portal "