KuCoin vs. Pionex – Review and Comprehensive Comparison

More and more exchanges now support crypto trading bots inside the crypto exchange. By using trading bots within the exchange, traders will be free from the API glitch nightmare during the high traffic period. In this post, we’re going to dive deep into the KuCoin trading bot and what’s the difference between the Pionex trading bot.

Different Types of KuCoin Trading Bot

Currently, there are three trading bots on KuCoin. Classic Grid Trading Bot, Futures Grid Bot and DCA Bot, and the grid bot is the most popular one on KuCoin. Classic Grid helps traders to sell high and buy low, aka volatility killer.

Pionex provides 13 different kinds of trading bots, including Grid Trading Bot (Classic Grid) and DCA Bot. Pionex provides more advanced grid trading bots and other bots that generate passive income with low risks.

KuCoin Trading Fee

The trading fee is one of the crucial parts that investors should focus on. While using a grid trading bot, it will execute tons of transactions for you. Although each trade is profitable after considering the trading fee, you’ll earn more using a grid trading bot with a lower trading fee. KuCoin Trading bot charges 0.08% and 0.06% for each trade respectively for Classic Grid Trading Bot and Futures Grid Trading Bot. Pionex charges only 0.05% for each trade, which is considered the lowest trading fee and doesn’t need you to hold any platform token for this rate.

How many bot can I have at the same time?

Both platforms limit the maximum number of active trading bot that users can have in their accounts. KuCoin allows users to have up to 10 trading bots. If you have 10 active bots already, then you’ll need to shut down one of them before starting another new bot. Pionex allows you to have up to 30 bots on each trading pairs, that means you won’t be able to create new bots with BTC/USDT if you have 30 active bots with it, but you can still create a new bot with other trading pairs.

Diff. types of bot313
Trading fee0.08% for classic grid
0.06% for futures grid
Max. bot allowed10 for each accounts30 for each trading pairs

As KuCoin and Pionex both provide grid trading bot and DCA Bot, we’re going to compare the difference between these two bots on each platform.

KuCoin Trading Bot vs. Pionex Trading Bot

What is KuCoin Grid Bot?

kucoin grid bot

The principle for the grid bot on KuCoin and Pionex are the same. It follows the same trading strategy: placing buy and sell orders within the price range and catching every tiny fluctuation while the price is volatile. For more details about the grid trading strategy, you can refer to the this article: What is a Grid Trading Bot?

Although the fundamental strategy is the same, there’re still some differences in how both platforms limit the grid trading bot’s capability. On KuCoin, you can use up to 100 grids, but you’re allowed to use up to 150 grids on Pionex. Several advanced settings on both platforms: stop loss, trigger price, and take profit trigger. After the bot is created, you’re allowed to track the performance with a comprehensive report.

KuCoin Grid BotPionex Grid Bot
# of Grids2~1002~150
Stop loss⭕️⭕️
Start trigger⭕️⭕️
Take profit⭕️

What is KuCoin DCA Bot?

kucoin dca bot

DCA Bot performs a dollar-cost averaging strategy for investors. It’ll buy the same amount of the coin every time interval, which lowers the entrance risks while investing in crypto. The DCA Bot capability on KuCoin and Pionex is similar, which we compared in the following table.

KuCoin DCA BotPionex DCA Bot
Coin supported10 coinsAll coins that have USDT pair
DCA interval1 hour ~ 2 weeks10 min ~ 1 month

Exchange Trend on Trading Bot

The Crypto market never goes offline, and it’s a trend that more crypto traders embrace crypto trading bot now. In the past, traders need to connect the API key with a 3rd party trading bot service to perform automated trading strategies. With Pionex and KuCoin, traders can use the crypto bot right on the exchange without hassle with API Keys.

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