Pionex review

Maker fees are 0.05% and taker fees are 0.05%, so placing an order that sits on the book costs the same as taking liquidity. That puts Pionex ahead of the 0.25% site median, and it ranks 27 of 121 brands on this measure.

The exchange lists 283 coins, which is above the 71.5 coin count for the site as a whole but leaves room below 9,000,000. On the site ranking of coins listed, Pionex sits 59 of 176.

Pionex publishes proof of reserves, which is a check on the assets it says it holds. No licence is listed for the brand, so no named regulator or protection scheme covers balances on the account. Treat the holdings as exposed to the exchange itself.

Pionex is a cex, a centralised exchange that holds your coins for you. It was founded in 2019 and is based in Singapore, so the coins sit with the platform rather than in a wallet you control.

Derivatives are offered, so you can take positions beyond simple spot buying and selling. The fee on those trades is the 0.05% taker rate, with no separate derivatives charge listed.

Support runs on email and community, so an email ticket and the community are the routes in. There is no phone line listed, which matters if a withdrawal is stuck and you need an answer the same day.

The low fee of 0.05% suits people who trade often, but a smaller support setup of email and community and a coin list of 283 make it less forgiving for a first account. Beginners who want more coins to choose from may prefer a larger venue.