The Margin Gid bot is a free bot that is available on the Pionex exchange. This integrated bot is fully automated and easy to set up and use. Traders prefer this bot as it is possible to create it without using your coins. This automated bot is one of the 16 free inbuilt bots on the Pionex exchange. You can use this margin grid bot in a falling market or when there is an upward increase in price.
About Margin GRID Bot
With a Margin grid bot, you can mortgage your asset to borrow some other asset for the grid. This type of approach makes the bot suitable for a downtrend, rising, or even a fluctuating market. The bot is ideal if you want to use your bot without selling your coins. It can also help you trade short or long without using your coins.
Margin GRID Bot crypto trading bot: how does it work?
The working method of the bot is simple. For instance, if you have BTC which is currently rising, the grid bot you have will not be suitable as the price will easily move beyond the set range. To counter this, you can use the margin grid to borrow USDT by mortgaging the BTC and it to run the grid. The advantages are you will still own the BTC and you can also earn from the USDT via the grid.
How to set up Margin GRID Bot?
Here are the steps to create the bot:
- Visit the official site and create an account by providing your email or phone number
- Log in to the account and choose the Margin Grid bot
- Use the create button present beside the bot’s name to configure the parameters
- Once you have completed the base, advanced, and order parameter settings, the bot is ready to deploy. It will start trading for you
Key takeaways
Some of the main features of the bot are:
- To make the bot you have to pay a particular percentage of interest which is calculated from the daily interest rate in the market.
- The bot closes automatically when the price of the currency falls to the estimated liquidation value.
- All profits generated during the margin grid operation are added automatically to the margin to avoid the order of the bot from liquidation caused by an insufficient margin.
- You can also add the margin manually to minimize the liquidation price.
- If the liquidation price is triggered by the currency price you can lose the margin and your investment.
User interface
The user interface is well-designed making it easy for beginners to navigate and use the features effectively.
Trading strategy behind Margin GRID Bot
As the name implies, the bot uses the margin grid method. The method helps you to run the bot without selling your holding. Since you use your coins as collateral for funding the trading, the coins will be safe while the bot is working and you also earn a profit by using the asset as collateral.
How profitable is Margin GRID Bot?
You can profit from the bot in two ways. You can go long by freezing the asset you have kept as collateral for the funds the bot is using for the trading and earn more funds when the price is high. You can also trade short wherein you freeze the traded asset as collateral and earn more coins when the price is low.
Safety and security of Margin GRID Bot
The service uses physical, technical, and administrative security measures for the protection of the personal data of users. Firewalls, limiting access to the data centers and user information, and data encryption are some of the security measures the platform uses.
Customer support
For support, video tutorials, FAQs, a blog, and links to Telegram, Discord, Twitter, Line, and Facebook are present. An online contact form is also present.
Reputation
As per the info provided on the Twitter page of the company, it has been active since 2019 and is based in Singapore.
Team members
Important team members of the company include Dave Yeh, Christine Fish, Chris Costello, Lunik Hsu, and Josey Wyatt.
Exchange compatibility
The bot is integrated with the Pionex exchange hence you do not need to link to any other exchange.
Margin GRID Bot pricing: is it worth your money?
The bot is free to use. You need to pay a 0.05% commission fee for trading making the platform a very affordable service.
Margin GRID Bot review: upsides and downsides
| Upsides | Downsides |
| Free to use | Requires interest to be paid based on the current daily rate |
| Low commission fee | |
| Integrated with Pionex exchange |
Margin GRID Bot review: final remarks
Margin Grid bot offers the opportunity to profit from market fluctuations with its effective approach. The free bot, low commission fees, good support, and exchange integration are important benefits users get with the software. While you need to be cautious of the liquidation price and the interest amount, overall, the bot is a profitable option for crypto traders.
