Keep 50% of the exchange trading fee as your PROFIT — Pionex vs Binance
Most of the time, when a new user came to BitUniverse and learning how BitUniverse Grid Trading Bot works. The first question that comes to their mind would be:
Wow! The bot generates lots of transactions. Does it profitable?
Yes, it’s profitable.
But let’s do a simple math here: typically the profit per grid would be suggested to 0.6%. This means whenever you finished a pair of buy and sell orders, you’ll get 0.6% of the grid profit. But after taking the exchange fee into account, you’ll only get 0.4%, and 0.2% goes to exchange as a trading fee, which is 33.3% of your profit!
Is it possible to lower the cost from exchanges?
Circling back to the high amount of transactions and exchange trading fees, here’s lie the question to us: How to lower the cost from the exchange side? Are we able to pay less for the exchange and keep the profit in our wallet?
Here’s the solution for you :)
Solution 1
The most straightforward solution is to choose an exchange that charges a lower trading fee. BUT even they provide a lower trading fee, they might have lousy liquidity, and all the volume was from fake wash-trade. (which means the grid bot will never execute the orders)
Solution 2
The best solution I suggested so far is to use the grid bot on Pionex. It’s an exchange designed for the trading bot, invested and incubated by BitUniverse.
First, the fee is only 0.05%, which will save you 50% of the trading fee compare to Binance or KuCoin. (they are both 0.1%)
Second, liquidity is perfect. The secret is that Pionex aggregates the liquidity from other exchanges. Currently from Huobi and Binance will be included next month.
Last but not least, don’t have to hassle with API Key anymore! All the bots were provided within Pionex and had even more bots than BitUniverse provided. Grid Trading Bot, Infinity Grids Bot, Dollar-Cost Averaging, etc.
Amazing? 17% of the profit sounds huge for you? Let me walk you through another real case here:
If I use 1,000 USDT worth of crypto in the grid bot, I’ll execute around 1,000~2,000 USDT trading volume every day. With a 0.1% trading fee, that’d cost you 1~2 USDT every day.
Penny and penny laid up will be many.
Transfer your grid bot to Pionex and get more profit from each of your trades. Get started today.
More bots available on Pionex.com
Why should you use Pionex for bot-trading?
Pionex is an exchange designed for the trading bot, here are some advantages of using Pionex:
- Trading bots were provided directly on Pionex — More stable than API trading
- Low trading fee — Pionex trading fee is now 0.05%
- Good liquidity — Pionex merges the liquidity from other exchanges.
- More bot, more profit.
👉 Join Pionex: https://www.pionex.com/en-US/sign
👉 Pionex Official Telegram Group: https://t.me/pionexen
