Pionex

What is Pionex？

Established in 2019, Pionex serves as a cryptocurrency exchange. With a rich selection exceeding 100 cryptocurrencies, including Bitcoin, Ethereum, Tether, and Binance Coin, it remains a favored choice among traders. Notably, Pionex boasts a substantial 24-hour trading volume amounting to $219 million. The exchange enforces a uniform fee structure, levying 0.05% for takers and 0.02% for makers.

Regulation

Pionex is registered with Financial Crimes Enforcement Network (FinCEN) under regulation number 31000166323126 in the United States, its regulatory status, however, is marked as “ Exceeded”. Here FinCEN is a part of the US Treasury Department and its job is to gather and study info about money-related activities to fight against things like money laundering, supporting terrorism, and other financial wrongdoings.

Security

Pionex boasts that it offers several security measures to protect its users' funds, including:

• Cold storage: Pionex stores the majority of its users' funds in cold storage, which means that the funds are offline and not connected to the internet. This makes it much more difficult for hackers to access the funds.
• Two-factor authentication (2FA): Pionex requires users to enable 2FA in order to log in to their accounts. 2FA adds an extra layer of security by requiring users to enter a code from their phone in addition to their password.
• IP address whitelisting: Pionex allows users to whitelist certain IP addresses so that they can only log in to their accounts from those IP addresses. This can help to prevent unauthorized access to accounts.

Cryptocurrencies available

Over 100 Cryptocurrencies are available on Pionex exchange, covering popular ones like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many others. Here is a list of the top 10 cryptocurrencies by market capitalization that are available on Pionex: Bitcoin (BTC) \ Ethereum (ETH) \ Tether (USDT) \ Binance Coin (BNB) \ USD Coin (USDC) \ XRP (XRP) \ Cardano (ADA) \ Terra (LUNA) \ Solana (SOL) \ Avalanche (AVAX).

How to open an account？

The registration process for Pionex can be broken down into six steps:

1. Visit the Pionex website and click on the “Sign Up” button. This will take you to the registration page.

2. Fill in the required information, including your email address and a secure password. Make sure to choose a strong password that consists of a combination of letters, numbers, and symbols.

3. Agree to the terms and conditions of Pionex by checking the box. It is important to read and understand the terms before proceeding.

4. Complete the verification process by clicking on the verification link sent to your email address. This step is necessary to verify your account and activate it.

5. Once your account is activated, you can proceed to set up additional security measures such as two-factor authentication (2FA). This adds an extra layer of security to your account.

6. After completing the necessary steps, you will have successfully registered on Pionex. You can now access and navigate the platform to start trading and exploring the available features and services.

How to Buy Cryptos？

To buy cryptocurrencies on Pionex, users can follow a straightforward process whether using the website or the mobile app:

1. Create a Free Pionex Account:

• Register a Pionex account by visiting the official website or downloading the app from your preferred app store.
• Complete the registration process, providing necessary information.

2. Pass the KYC Verification:

• After registering, undergo Know Your Customer (KYC) verification to comply with regulatory requirements. This step typically involves providing identification documents.

3. Choose Your Preferred Way to Buy Cryptos:

• Pionex offers various methods for purchasing cryptocurrencies, including credit card, debit card, bank wire, and ACH transfer. Choose the method that suits your preferences and location

Fees

Deposit & Withdrawal

• Deposit and withdrawal methods: Pionex supports deposits in a variety of cryptocurrencies, including Bitcoin, Ethereum, Tether, and Binance Coin. The exchange also supports deposits in fiat currencies, such as USD, EUR, and GBP.
• Processing time: Deposits in cryptocurrencies are typically processed instantly. Deposits in fiat currencies typically take a few business days to process. Withdrawals in cryptocurrencies typically take a few minutes to process. Withdrawals in fiat currencies typically take a few business days to process.
• Fees: There are no fees for depositing cryptocurrencies on Pionex. There is a 1% fee for depositing fiat currencies on Pionex. There is a 0.05% fee for withdrawing cryptocurrencies on Pionex. There is a 1% fee for withdrawing fiat currencies on Pionex.