Hodl Hodl or Pionex – which is better for UK traders 2024? Compare Hodl Hodl and Pionex in this detailed breakdown of their platforms, features and fees.
Hodl Hodl is a non-custodial Bitcoin trading and lending exchange offering anonymous P2P transactions. The brand is trusted by 100,000+ users worldwide and offers 100+ fiat currencies, which can be used to complete crypto payments. 50,000+ orders have been completed through the exchange.
Pionex is a crypto trading platform that specializes in trading robots, offering a variety of ready made bots and strategies to traders as well as integrated AI to help customize a strategy or come up with your own. These can be used on spot crypto markets as well as crypto futures.
Pros
Straightforward to use interface for peer-to-peer transactions
Transparent fixed fee model split equally between the parties involved
Transactions are anonymous and non-custodial with multisig (P2SH) contract approval
New clients can learn how to purchase and sell Bitcoin without risking any money via the TESTNET demo solution
Non-custodial, so your funds cannot be accessed by malicious users should Hodl Hodl be compromised
No lengthy verification process before trading
12 free integrated trading bots with no coding or programming requirements
Powerful integrated AI chatbot 'PionexGPT' helps users programme trading bots on Pine script
Excellent and innovative liquidity engines aggregated from Binance and Huobi
Low trading fees compared with other major exchanges at 0.05% maker and taker
40+ cryptocurrency funding coins accepted
Supports crypto derivatives via futures trading
Money Services Business (MSB) license by US FinCEN
Cons
Unregulated brand and risks involved with peer-to-peer transactions including limited fund safeguards
No telephone or live chat contact options for users needing support
Pionex clients can find other successful investors and copy their trading bot setups. This allows users to buy and sell cryptos 24/7 from a user-friendly platform and app.
Social Trading
No
Yes
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Islamic Account
No
No
Cryptocurrency
You can buy and sell Bitcoin directly with no intervention and a fixed fee of 0.6% per transaction (0.3% per party). You can get started in three steps; create a contract, BTC deposit and transfer, BTC release
Make spot, future and leveraged trades on 120 cryptocurrencies via Pionex's proprietary platform with built-in trading bots and highly customizable automated trading options. On the negative side, the range of tokens is narrower than many alternatives.