TWAP Bot Review: A Simple Traditional Algorithmic Bot

TWAP Bot is one of the integrated bots available on the Pionex platform. It is used to lower transaction costs. The bot acts by lowering the average price of a transaction and reducing the impact of the transaction on the market. This crypto trading tool is fully automated and works 24/7, finding and executing accurate trades for you.

TWAP Bot detailed analysis

The time-weighted average price (TWAP) bot is used mainly when you deal with high-volume products.  With its TWAP approach, the bot divides big orders into smaller portions. The division minimizes the impact made on the market price.  

How TWAP Bot works

The working method of the bot is simple. It splits a single order into smaller parts by adding time delays to them. The orders are divided into quantized amounts and opened in sequence with a specific time delay. Using automation, the bot executes the strategy on autopilot. You need to enter the order span and the investment, which has to be spread over the span.

Registration process

Registration is a simple and quick process. Here are the steps to follow

1. Visit the official site and sign up by providing the required details
2. Log in to your account and choose TWAP bot from the trading tools listed on the right side of the page
3. Fill in the parameters of the order period and buy or sell quote each time 
4. The bot is ready to deploy

Is it easy to use?

The website is easy to navigate. Beginner traders will find using the features and functionality convenient and efficient. 

TWAP Bot key highlights

Some of the important features of the bot are:

• The bot is integrated with the Pionex exchange and is one of the 16 free bots present on the site.
• This crypto trading software is fully automated and can work 24/7 error-free and free of emotional decision making
• Pionex platform allows you to select from four types of order spans, namely 10 sec, 30 sec, 1 min, and 5 minutes
• It is ideal for use in high-frequency and algorithmic trading

Services offered by TWAP Bot

The bot is used for high-frequency trading and in types of algorithmic trading where you need to avoid holding a large asset quantity in a single block.

Profitability 

As per vendor, the platform has users in 100 countries and regions worldwide with a total trading volume of more than $5 billion and daily trades of more than 100 million. The system has offered uninterrupted service for 1096 days with a 99.9% uptime.

Does it have a native token?

No, the platform does not have a native token.

TWAP Bot user interface

The user interface is intuitive, with all features and sections easy to access. New users can effortlessly navigate the site.

Is it a good bet for its price?

As one of the free bots of the platform, the bot is a good choice for newbie traders and professionals looking to generate better returns with minimal investment.

What exchanges does it support?

Due to the bot being part of the integrated bots of Pionex, there is no necessity for the platform to support other exchanges.

TWAP Bot trading assets

At Pionex, you get access to 346 coins or tokens, which you can choose in the current market conditions and based on how much you can afford to spend.

Are there any fees?

A 0.05% trading fee is charged by the bot for placing trades.

Withdrawal process

A withdrawal fee is present for the system, and it differs based on the coin you want to invest in. For instance, the withdrawal fee for BTC is 0.0005, while it is 1 for TRC 20.

TWAP Bot: is it legit?

The platform has been operating since 2019 without any hitches and has users spread across several countries, which shows its legitimacy.

What kind of security does TWAP Bot offer?

Due to the inbuilt nature of the bot, there is no need to use an API key. Further, the company uses security measures such as full encryption, firewall, authorization control for online and physical access of data, and more.

Is TWAP Bot regulated?

As per its Facebook page, the service has more than 11k members and has a huge daily trading volume indicating a well-regulated platform.

Best recommended for: new and professional traders

The intuitive user interface, free bots, and efficient automation make it a favorable choice for newbie and pro traders

TWAP Bot customer support

For support, an FAQ section, a tutorial, a blog, and links to Telegram, Twitter, Discord, Facebook, and Line are present.

How does TWAP Bot reputation look?

As per its social media profiles, the service has been operating since 2019 and is based in Singapore. Team members include Dave Yeh, Chris Costello, Christine Fish, Lunik Hsu, and Josey Wyatt.