Pionex or Crypto.com – which is better for UK traders 2024? Compare Pionex and Crypto.com in this detailed breakdown of their platforms, features and fees.
Pionex is a crypto trading platform that specializes in trading robots, offering a variety of ready made bots and strategies to traders as well as integrated AI to help customize a strategy or come up with your own. These can be used on spot crypto markets as well as crypto futures.
Crypto.com is one of the biggest names in cryptocurrency trading, developed with the aim to expedite the world's transition to DeFi technologies. The crypto exchange offers token lending, pre-paid cards, NFTs and more. The firm was established in Germany in 2016 and its quality is proven by its 10 million active users.
Pros
12 free integrated trading bots with no coding or programming requirements
Powerful integrated AI chatbot 'PionexGPT' helps users programme trading bots on Pine script
Excellent and innovative liquidity engines aggregated from Binance and Huobi
Low trading fees compared with other major exchanges at 0.05% maker and taker
40+ cryptocurrency funding coins accepted
Supports crypto derivatives via futures trading
Money Services Business (MSB) license by US FinCEN
Strong security measures with no historical reports of hacking incidents
Low fees vs other established exchange platforms, including Coinbase
Live status updates impacting access to app and exchange services
Various ways to earn crypto coins or interest
Visa card with cashback rewards
Cons
Weak regulatory oversight raises safety concerns
Withdrawal fees and limits may apply
Does not accept fiat deposits
Limited contact options
No demo account
Customer service is below-average with delayed help times when answering questions
Not all features or coins are available to all locations due to local regulations
Lack of educational resources, blog-style research or YouTube tutorial content
The advanced trading platform is less suitable for beginners
Pionex clients can find other successful investors and copy their trading bot setups. This allows users to buy and sell cryptos 24/7 from a user-friendly platform and app.
Social Trading
Yes
No
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Islamic Account
No
No
Cryptocurrency
Make spot, future and leveraged trades on 120 cryptocurrencies via Pionex's proprietary platform with built-in trading bots and highly customizable automated trading options. On the negative side, the range of tokens is narrower than many alternatives.
Crypto.com provides access to more than 100 cryptocurrencies, including Bitcoin. All products can be purchased with leverage of up to 1:3 and trading fees follow an effective tiered commission structure.