Crypto Autopilot as a Pionex alternative
Are you trying to decide which tool to use to invest in crypto? This page will help you do just that. Below you'll find a concise comparison between the OSOM Crypto Autopilot and Pionex, to help you choose a better tool for your needs.
Is Osom App a good Pionex alternative?
Pionex is a cryptocurrency trading platform that allows crypto traders to both trade manually as well as set up automated trading bots. Pionex aggregates liquidity from Huobi and Binance, which are among the top leading exchanges in the world. This means users don't need to have accounts in any external exchange accounts. Pionex offers 16 built-in crypto trading bots. This trading platform collects trading fees from users and does not have the ability to practice crypto trading risk-free.
Pionex supports over 300 crypto assets in over 450 different trading pairs. Pionex itself doesn't offer trading signals for its crypto trading bots. There are however easy-to-use signal providers in conjunction with the trading platform. Users can deposit funds to Pionex both in cryptocurrency and in fiat. Withdrawals on the other hand have to be made in cryptocurrency. So although you don't need a wallet or any exchange accounts to trade with Pionex, you need them to withdraw your earnings.
Pionex offers very competitive trading fees of 0.05% and all of its crypto trading bots are free to use. Although the platform has some beginner-friendly features, it is best utilized by already experienced crypto traders who want to maximize their profits. It also has a serious disadvantage of not having in-depth historical data to backtest the crypto trading bot performances. This may make it hard to fine-tune your crypto trading strategies.
Even if you're already well versed in automated trading, there is, unfortunately, no way for you to import any crypto trading bots you may have built previously. And, what if you're an inexperienced trader? You can either start with one of the set-up crypto trading bot templates existing on Pionex, or you could check out the Osom Crypto Autopilot.
Trading bots on 3Commas are highly customizable, giving users a lot of freedom to build their trading strategy
The abundance of different trading tools unfortunately comes at the price of being overwhelming to many inexperienced traders. Not all users may understand the differences between a grid trading bot and a DCA one, as well as when and how to use them effectively. Not only that but there are also smart trading tools features and purchasable trading signals.
This is why 3Commas lets users view other crypto trading bots' settings on the platform and copy them for themselves. This option allows inexperienced users to copy the trading strategies of professional traders for themselves.
3Commas works on a subscription model and offers a lifetime free account with limited options to set up free trading bots.
However, they require a lot of knowledge and time to set up properly. If you're looking for something that's set up "straight from the box", the Osom Autopilot might be a better fit for you.
Because even copying the trading strategies of others is risky. If they abandon their account, get locked out, get ran over by a car or go on vacation, you might keep following a dead strategy without knowing it.
If you don’t choose to blindly follow someone, to use 3Commas effectively you will need to research what coins to take positions in, and when to stop. You will need to research trading signals and follow the 24/7/365 crypto markets closely.
With OSOM, you leave it up to the team to review the investable universe daily and the algorithm to decide what portfolio to build. If you don’t want to be trading and would rather enjoy life, OSOM might be a better alternative
| Feature | OSOM | Pionex |
|---|---|---|
| Ease Of Use | ||
| Trading Experience Required | ||
| Monitoring And Management | fully automatic | semi-automatic if configured |
| Performance History | full | limited |
| Head Office In | Estonia | Singapore |
| Trustpilot Rating | 4.1 | 4.2 |
| Affiliate Program Available |
Feature highlights
Fiat withdrawals
Withdraw your funds in fiat, no problem.