Leveraged Grid Bot has efficient risk management settings and slippage control to minimize the losses and increase the overall profitability. The platform is based on a grid strategy and uses leverage to enhance the gains along with the implementation of arithmetic or geometric martingale strategies. We will analyze all the potential features of the system to see if it can be efficient for us in crypto trading.
First Leveraged Grid Bot quick summary
Leveraged Grid Bot is a built-in algorithm within the Pionex exchange. It is available for free on their website or mobile application. The table below lists the benefits and drawbacks of trading with this algorithm.
|The platform has a mobile application||There is a risk of losing investments when the market is moving with momentum.|
|Traders have access to leverage of 1:5||Currently, it only supports a few trading pairs|
|It has slippage control|
|Traders can adjust multiple parameters such as martingale, no of grids, etc.|
|Ease of Investment:||7/5|
What is the Leveraged Grid Bot?
Leveraged Grid Bot has some unique tools and advanced features that can be stated as:
- Pionex offers leverage up to 5x on BTC, Eth, and 3x on other coins.
- Beginners can easily configure the bots according to their liking.
- Traders can borrow funds from the pool of the Pionex platform to amplify their funds.
- Investors can trade 346 different tokens with only 0.05% trading fees.
How does Leveraged Grid Bot generate profits?
Leveraged Grid Bot helps traders multiply their profits from the up/down trend of the market. When the prices of coins rise/fall, these robots will use a recovery mechanism by opening orders in the initial direction. The leverage can be changed to 1.2x, 3x, or 5x. If you select 2x, it will double your initial investment by lending money from the Pionex pool and charging an hourly interest rate on the borrowed funds.
Safety and security
The Leveraged Grid Bot uses the security measures of the Pionex exchange. The platform has a U.S. FinCEN’s MSB license making it legit and secure. It protects users’ accounts through two-factor authentication and identity verification.
How the Leveraged Grid Bot pricing works
It is a free crypto trading bot and does not charge any monthly or annual costs. Investors need to pay interest on borrowed funds provided by the Pionex pool. The platform has a low trading fee of 0.05% as a maker/taker on every trade.
The Leveraged Grid Bot is a built-in algorithm that traders can use to buy or sell several coins on Pionex.
How long has Leveraged Grid Bot been in business?
The BitUniverse team manages the platform, and the company, based in Singapore, was launched in 2019. The vendor states that it has 100 million+ daily trades and $5B+ monthly trading volume. Users in over 100 countries can benefit from these algorithms.
How to get started with the Leveraged Grid Bot?
Traders can start trading with Leveraged Grid Bot in the following steps:
- Go to pionex.com and log in to your account.
- Select the Leveraged Grid Bot from the right side of the page.
- Choose a trading pair and then tap ‘leveraged grid’.
- Set the lower and upper price range limits, the number of grids (2–99), and the kind of grid spacing (Arithmetic/Geometric).
- Choose your desired leverage and investments.
- After entering all the parameters, launch the bot.
Traders can reach out the customer service for inquiries or help via live chat or email. Tutorials in blogs, videos, and FAQs are present on the website that may help traders. A trusted third-party website TrustPilot shows 277 user reviews for Pionex. A user writes that they have the most useful crypto bots.
Leveraged Grid Bot allows traders to use leverage with their positions to enhance the total profits. Traders must pay a particular amount of interest to construct a leveraged grid (collected once every hour) based on the current market's daily interest rate. The platform has top-notch security to ensure the safety of your funds.