Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges
14 Mar 2026
Chapter 1: What is the main focus of the episode regarding cryptocurrency exchanges?
I thought it appropriate for a little bit of an educational episode, a one on one for the weekend for you. CryptoTalk.fm. My name is Lyster. I am your host. This is around United States based exchanges because some people in the United States have looked for an exchange and they, what they thought they would do is pick one exchange that sounded good for them and then settle on it.
The truth is a little bit more challenging. We're going to get to that. But I thought with WeBot, Pionex.us, because I noticed based on the supply, now and the charts now in pinex.us it seems and it's possible that some of those people were listening to leicester crypto talks.fm did not come back and give them my credit
right when i told you this is what it is you can do it because the number spiked after i did my upload all i asked man is you give me my credit because some of you not all of you but some of you believed pathological liars who told you that it wasn't legit and told you it was fake and told you it wasn't the real b-dag coin and told you they weren't listed and then i saw somebody on social media they sent on a screenshot and it looked like it might have been discord
That said, we never announced being on WeBot. That's bullshit. There are screens showing that image with the freaking astronaut with the Pionex logo. But they also had sent a tweet saying Pionex US and CEO had the Pionex US girl on the freaking AMA. That's on video. on the annoying voice ladies channel on Binance. So no, they did announce that that was going to happen. They're lying.
And I said, they were lying and people didn't believe me. All of a sudden they're believing pathological liars saying it's a scam. And those people missed the train of a 10 X that's obvious because if you look at pinex.us chart, it was an easy 10 X for anybody that just went after it, not on your deposited coins on a new trade directly in there. However,
I learned something about pinex.us and we bought, I figured I would call to attention first. Let's go high level summary and some disclaimers. I have not touched binance.us because they never responded on the KYC. I don't know why I didn't care. Cause I didn't really, they don't have anything. Anyway, I did not do crypto.com because they forced you to do a mobile. I'm not doing that brother.
So I have experienced with Robin hood.
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Chapter 2: How does WeBot/Pionex.US compare to other cryptocurrency exchanges?
I have experienced with fidelity crypto. I have experienced with cracking. I have experience with Coinbase and now what pionex.us. So I have a diverse set of experience. Apparently gate launched a us-based something. And it turns out that there's a third party. They set up money services, businesses, licenses in the various States.
And then they delegate an LLC to these from a branding perspective so that you can have a pionex.us or a gate.us or whatever there's called. it's not really the same gate org. It's a different org. It's completely different company, but it allows them to then transact in the U S at a limited basis.
So that's what Pionex appears to have done is they went to this third party to set up this LLC, to allow them access to the money services, businesses, licenses that allows them to trade in the United States. Now, for those that don't understand, because you're late to the game, you didn't listen to Leister. So now you're FOMOing because you're late to the game.
WeBot slash PionX.US enabled deposits up to 100,000 BDAG coins. You have to do it. It's manual. You send it to your Ethereum ERC address. They credit you manually, but it can be done. That, in addition to that,
allow withdrawals i'm going to talk about that here in a second buy sell trade always has been a thing since they went live now the thing with pinex there are some nuances to their terms and i'm actually chewing them out over this now privately because it's going to help them if they fix it see kraken which is my primary Kraken is pretty straightforward.
If you deposit via wire transfer, it's immediately available. There is no restriction on it. There's no restriction on withdrawals. There's no restriction on anything. If you do wire, if you do debit, There's a hold. It's a very limited hole. It's not that long of a hole.
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Chapter 3: What are the challenges faced by users on WeBot/Pionex.US?
It's a very slim hole. It's not that big of a deal. If you do ACH, there's a hole. It's not that bad of a hole. In my first video about this fiasco, I called out the one thing I really don't like about WeBot slash pinex.us because it's one of the same. That is their holds. Their holds are extensive. If you do debit card, they are permitted to hold 10 days.
And from what I can tell, they go the full 10 days. There's a nuance I'll get to in a second. Then if you do wire, there's still a hold. I think it's one to two days. So it's a slim hole, but it's still a hole, which is stupid because again, cracking, there is no such a hole. Robinhood, I never bothered going that deep in it because I think it's a crap exchange. I didn't go that deep.
I know Coinbase wire was instantly available, easily withdrawn, whatever, no limitations beyond it. But Coinbase is a terrible exchange that like right now they show there's like 50 bucks available that we try to withdraw. It says there's nothing. So there's garbage exchange. I don't use them, but they didn't have any sort of restrictions on. wire-based deposits or crypto-based deposits.
Kraken does not have any sort of restriction on crypto-based deposits or wire-based deposits. This I can definitively say. WeBot has one little quirk about its hold. That is not documented. And that's why I figured I would do this so I can help people that are getting into it for the first time.
And it affirms what I said in the first coverage where I said I would not use them as a regular routine exchange. This is what I'm getting at now. It was something I was sensing, but I didn't understand it until I talked to them. I get why they do it, and it might actually help their stability to some degree, but I think people need to understand it, and it's not documented on their site.
They actually openly admitted this is not documented on the site. It's kind of implied, and no, it's not. I think that's crap. So if you get into WeBot slash PionX.us for the first time, do not give them any fiat.
saying for the first time do not give them fiat if you're gonna go deposit only crypto that rhymes if follow me if you deposit fiat first they track a balance so let's say that you let's say you do your and it doesn't even matter it could be wire it could be it doesn't matter but let's say debit card just for simplicity sake so there's a 10-day hold let's say you deposit 200 bucks
There's a 10-day hold. Now, if you were to deposit your BDAG, right now your BDAG isn't really worth much. You would have to have at least $400 worth of it, which is a lot of BDAG right now, to be able to pull back $200. You're like, that's what I'm... So... The way we bots works is the moment you deposit Fiat, that is subject to a hold. They now track all balances subject to that hold.
So if you deposit Fiat, it's not going to go up and down, right? It's, it's 200 bucks, 200 bucks is 200 bucks. You then trans, you didn't do a transaction. You buy some USDT. So they're going to take fees and let's say you're left with one 99 USDT.
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Chapter 4: What experiences does the host share about various exchanges?
But you still have to keep your fundamental balance for the duration of whatever hold. Where and why does this affect people? This affects people most notably if you don't use wire or if you don't, or let's say you use the extreme one, which is ACH, which is 60 days, which is nuts. It's absolutely BS. If you use that and it's 60 days, whatever money you put in there has now created a balance.
Think of it like a credit balance, like a secured card credit. That money has to stay there. And it's now the equivalent of everything you do, whether it's crypto, whether it's fiat, it doesn't matter. Other exchanges don't work that way. Other exchanges, if I deposit 200 USDT, I can immediately withdraw that $200 USDT irrespective of whatever other fiat I deposited.
They don't track it as single balance. They track it as separate balance, separate wallet, separate things. So my summary for you,
if you choose to get into webot.pinex.us make sure that you are separating it in your mind it does not work the same way as all the other us exchanges do they're doing it as a balance it's like a secured card type balance concept you have to maintain a certain balance however you got there Unless you only deposit crypto from scratch. This is the test.
If anybody out there that's thinking of doing it, cause you're trying to get out of BDAG or you're trying to get at least some value out of it. Don't deposit Fiat, set up the account. And I'm not telling you to do it. I'm saying, if you're going to, this is what I would recommend. Cause I'm curious to test my theory. If you set up an account, you'd go through the KYC.
Don't give them any Fiat, just deposit.
Crypto, do a test deposit, small amount of BDAG, right? Which is sent to your Ethereum ERC. Then go to the send crypto, which is the withdrawal, and see if the amount that you put in there minus fees is available to immediately withdraw. Because if it is, that's what they're saying is, okay, as long as you only give us crypto, you're fair game because we don't put a hold on crypto only.
The time we put a hold is the moment you give us fiat, any fiat. If there's a hold on that fiat, the hold applies to your whole balance, including crypto. That will throw people. So I'm doing this episode so people understand that nuance.
Again, I think they're doing it because they're trying to increase their stability and stop certain volatility for actual fee, you know, because they use the fiat as or to support their own liquidity. I get the concept of it. I don't have a problem with it. other than the fact it's not documented on their site. That's what I'm chewing them out about. It's not the fact that they do it.
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Chapter 5: What are the implications of deposit methods on trading and withdrawals?
So it doesn't hurt me. I just wanted people to be clear. They work differently than every other US exchange that at least I'm exposed to. Crypto.com may work that way, but I don't think they do. Because again, Robinhood certainly does not. Coinbase does not. Kraken does not. Gate did not. LBank does not. BitMart does not. Hotbit did not.
Like I've gone through countless exchanges, even freaking CoinTiger garbage doesn't. Like some of these lesser ones don't do it this way. I understand, but I'm just clarifying the other ones don't work that way. So they should put it on their site that they choose to work that way. Then they're fine. And hopefully they heed my advice. I get the sense that they won't do it in closing.
I would call out that their support, there's two tiers of support, the chat, and then they have a ticketing system.
you can't hit the ticketing system directly the chat is a different organization of people it's the same org but i'm saying it's a different group of people i'm going to give you feedback that i think their their support is garbage frankly not that they're not responsive you can get a response you can get a human But I think their support is garbage. I think they're garbage people.
They're combative. They're defensive. Because in their mind, we can do it. This is what it is we told you. And they don't understand the nuance that what they told is not 100% the truth. It's a nuance that they're not understanding why it matters. It matters because if people don't put, they're assuming people do one or the other.
You just do fiat and then it's whatever because we told you there's a hold. Or you only do crypto and then there's no hold. they're not tracking the people that might do both, which is a logical use case. If you had somebody that went in Fiat, bought some project, then had some crypto, you transfer it in there. Cause you saw it's good. That's a logical use case.
If you chose to use a debit card, cause that's what they promote. OK, now you're subject to a hold. You know that the debit card deposits on hold. You wouldn't expect the crypto to be that a logical person wouldn't expect these things. That's what I'm trying to get them to understand. You got to just document it on the site. That's it. Update you.
Just one line at the bottom that says the moment you deposit fiat, that becomes your balance. that balance covers anything else you do, including crypto. So there may be a hole put on your crypto. If your balance starts to go beneath that, that, that, that's all you got to do and cover your ass. That's all I'm saying. So.
I still don't have any negatives on it as an exchange, other than, as I said before, and I maintain, do not. I wouldn't recommend using them as a recurrent. Kraken is the one I primarily recommend. They've significantly improved. The interface is slower, but generally speaking, they've improved. I think Coinbase is garbage. I think Robinhood is a scam, in my opinion. I've not used Crypto.com.
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