Pionex Infinity GRID Trading Bot is said to be an incredible weapon for earning USDT. Therefore, you can hold it for a long time to increase your long term income. We will analyze the other components of the bot to help you understand its good and bad sides. Consequently, you will be able to make a wise investment decision.
What is Pionex Infinity GRID Trading Bot?
The Infinity GRID Trading Bot is the premium version of the grid trading bot. It stands out for not including an upper limit and having a higher proportion of idle money than a normal grid bot.
The following features are available on the bot:
Two distinct strategies
Two main strategies are offered to users. The one labeled “Use AI Strategy” works by suggesting to traders a set of parameters to work with. The other one, “Manual setting,” allows you to configure 3 parameters, namely, lowest price, profit per grid, and total investment.
You can start using the bot without paying a dime. Just create a Pionex account, access the tool, and begin trading. However, make sure your exchange has some funds because the bot needs money to work.
Trades are conducted in automatic mode, so your emotions won’t affect the trading decisions the system makes.
Pionex Infinity GRID Trading Bot: background
Infinity Grid was invented by Pionex, a crypto exchange that was founded in 2019 in Singapore. Its headquarters are in Princeton, New Jersey, and currently, the company consists of 11-20 employees. Some include Omar Ramos (Financial services manager), Piter M.Mota (DeFi /NFT Protocol headhunter), and Jacque Herbst (Crypto trader).
How does it work?
The bot enables you to buy low and sell high within a set price range. But unlike the normal grid strategy, this system ensures that the total asset amount remains unchanged even when the price keeps increasing.
How to sign up with Pionex Infinity GRID Trading Bot
Infinity Grid can be accessed through the host exchange. So, you need to visit Pionex’s official page and complete the following processes:
- Provide your email and password info
- Log in to your Gmail account, access the code sent there, and copy it on Pionex
- Complete KYC authentication
- Sign in to your new Pionex account and find the ‘Infinite Grid’ bot situated on the right side of the page
- Select your preferred strategy and configure the settings as directed
Does Pionex Infinity GRID Trading Bot offer a demo account?
No demo account is offered to test the efficiency of the strategy.
Profitability of Pionex Infinity GRID Trading Bot
It is possible to earn profits with this system when the market price begins to take an upward trend, particularly at the start of the bull market. However, we are not sure about the actual profitability rate of the platform because the performance metrics are not shared.
Payments, deposits, and withdrawals
Infinity is freely available on Pionex. The bot doesn’t have a specific minimum deposit requirement. You can choose the amount you feel comfortable with. The bot doesn’t store your profits, so withdrawals can only be done through the host exchange.
This bot is a product of Pionex, so it works with this exchange only.
What about customer support?
Customer support is offered through email, FAQs, blog articles, a comments section, and social media channels.
Benefits of using Pionex Infinity GRID Trading Bot
- Is free
- Trades with lower risk than the grid bot
Drawbacks of using Pionex Infinity GRID Trading Bot
- Only Pionex is supported
- Small profitability potential
- No stop loss
As we mentioned before, Infinity does not have a price tag on it. You can get it from Pionex free of charge.
What are security measures?
The bot’s security depends on the measures you have taken to secure your device and Pionex account. For optimum security, you are advised to enable 2FA, complete KYC authentication, use a strong password, subscribe to good antivirus software, etc.
Is Pionex Infinity GRID Trading Bot legit?
There is no doubt that Infinity is a legit tool. It is promoted by Pionex, a reputable exchange that has some of the big names like Binance, Circle, and Simplex as partners.
Ease of use
Traders with basic crypto trading skills can navigate the platform without much hassle. The devs clearly explain how the software works and outline the process you need to follow to configure it. They also define parameters to help you understand their functions.
Is Pionex Infinity GRID Trading Bot a good choice for automated trades?
Yes, it might be. This is because it trades with low risk to the balance. However, you will have to contend with the small revenue it generates when the price swings within a narrow price range.
What are the risks of using Pionex Infinity GRID Trading Bot?
Infinity Grid can give you less profit compared to the normal grid bot, especially in a lateralized market and with volatility.
This bot is free and uses a simple strategy to make money. Also, unlike the typical grid bot, Infinity will not stop trading when it runs out of the grid. On the drawbacks, this system demands a large initial capital amount. Furthermore, it divides your investment over more grids, so every arbitrage produces less income than the conventional grid bot.