Introduction: In this detailed breakdown, we delve into Pionex Trading Fee Structure. Our objective is to offer a thorough understanding of all the fees charged by Pionex including exchange fees, trading fees, spot & futures fees, deposit fees and withdrawal fees! Keep reading and find out how competitive Pionex's trading fees really are!
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Pionex Fees
Pionex was founded in 2019 in Singapore and is available to users in over 100 countries across Europe, North America and Asia. The platform offers over 370 cryptocurrencies and unique features such as trading bots which automate trading strategies for users.
Pionex imposes a variety of fees on its users which includes maker and taker fees for spot and futures trading. The maker fee applies when an order contributes liquidity to the market, while the taker fee applies when an order immediately executes and thus removes liquidity.
The exchange also charges deposit and withdrawal fees, reflecting the costs of fund transfers. Our upcoming exploration of Pionex fee structure will cover these areas in more detail.
Pionex Trading Fees
Pionex offers some of the lowest spot trading fees on the market with a maker and taker fee of just 0.05%. These spot trading fees can further be reduced if 30-day trading volume exceed 15 BTC for VIP 1 Level.
These are some of the most competitive spot fees on the market and Pionex offers over 370 cryptocurrencies for buying and selling.
Pionex Futures Fees
When it comes to the recently introduced futures trading, Pionex charges a maker fee of 0.2% and a taker fee of 0.5%.
Similar to the spot trading fees, the futures fees can also be further lowered for those whose trading volumes exceed $1 million (VIP 1) during a 30-day window.
Once again, a very competitive trading fee in line with some of the most well known exchanges on the market.
For those that wish to trade leveraged products, the maker and taker fees are 0.1%.
Pionex Transaction Fees
The transaction fees on Pionex are some of the most compelling one on the market.
In terms of it's spot trading fees, not many exchanges have a baseline below 0.1% with the few exceptions being exchanges such as Pionex, OKX and Crypto.com.
And if you are interested to see how Pionex stacks up against other exchanges on the market, we have also written comparisons such as Pionex vs Coinbase as well as Pionex vs Kucoin.
Pionex Deposit Fees
Similar to other exchanges on the market, Pionex does not charge any deposit fees for those that wish to deposit cryptocurrencies.
For those that wish to deposit fiat currencies, Pionex recently introduced SEPA deposit in collaboration with AlchemyPay.
For example, a 500 EUR deposit would return 549 USDT with a deposit fee of 5.25 EUR.
Pionex Withdrawal Fees
In terms of withdrawal fees, only cryptocurrency withdrawals can be conducted on the exchange as not fiat withdrawals are supported.
Below we have outlined the withdrawal fees associated for a selection of 5 well known cryptocurrencies:
Bitcoin (BTC) withdrawal fee: 0.0004 BTC Ethereum (ETH) withdrawal fee: 0.004 ETH Solana (SOL) withdrawal fee: 0.01 SOL USDT (ERC-20) withdrawal fee: 10 USDT Cosmos (ATOM) withdrawal fee: 0.04 ATOM
Pionex Minimum Withdrawal
The minimum withdrawal amounts on Pionex depend on which cryptocurrency is being withdrawn.
Either way, the minimum withdrawal fees are very low as for example Bitcoin and Ethereum have min. withdrawal amounts of 0.0000 BTC and 0.0048 ETH respectively.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.