How good is Pionex trading bot?

Verdict. Pionex is a top choice cryptocurrency exchange for trading bots and is perfect for beginners to automated trading. They really walk you through each bot in full detail so you know exactly what you’re doing instead of rushing in headfirst with no idea.25 Şub 2022

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How does a Pionex bot work?

It sets up a grid of limit buy and sell orders within the selected channel . Thus, as soon as the price reaches one of the lines above the current price, the bot will sell X, taking profits in Y. When the price goes down — it will buy Y. And so on infinitely, while the price remains within the channel.

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How does an arbitrage bot work?

Arbitrage bots are tools that examine prices across exchanges and make trades in order to take advantage of discrepancies . Because the price of a cryptocurrency like Bitcoin tends to vary somewhat from exchange to exchange, bots that can move fast enough can beat exchanges that are delayed in updating their prices.

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How effective is Pionex?

Pionex definitely works and can help you not only exchange your cryptocurrency tokens, but it can also help you with free automation as well, so that you can get started you’re your cryptocurrency investments without having to spend all night on them.

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