Bitunix, a comparatively new participant on the planet of crypto exchanges, has rapidly established itself as a major platform within the crypto derivatives buying and selling discipline.
Launched in November 2021, Bitunix has expanded its attain and status by securing important regulatory licenses and providing an honest set of options designed to satisfy the wants of various merchants.
With a person base of over 600,000 and a buying and selling quantity that exceeds $1 billion, Bitunix goals to be a safe and user-friendly trade for crypto fans across the globe.
Do you know?
Need to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer movies each week!
Regardless of its current inception, the platform wasted no time in changing into a major participant out there. By late 2022, Bitunix had already secured a US MSB registration and adopted that up with an SEC compliance license within the Philippines in early 2023.
Spot and Derivatives Buying and selling
Bitunix presents each spot and futures buying and selling, which caters to informal merchants and extra skilled buyers. Spot buying and selling on Bitunix gives entry to over 300 standard cryptocurrencies, making it a flexible possibility for these seeking to purchase or promote quite a lot of digital belongings.
Talking of futures buying and selling, the trade presents a strong buying and selling atmosphere with greater than 140 USDT-margined contract buying and selling pairs and as much as 100x supported leverage. This gives substantial alternatives for these keen to have interaction in high-risk, high-reward buying and selling methods.
In addition to, Bitunix helps Hedge Mode, permitting merchants to carry each lengthy and quick positions concurrently, including a layer of flexibility to their buying and selling methods. This characteristic is especially interesting to those that are well-versed within the complexities of futures buying and selling and need to maximize their potential returns.
Futures Bonuses
Now, a novel facet of Bitunix is its futures bonus system, which is designed to draw new customers by giving them the prospect to expertise futures buying and selling with out the necessity to threat their very own capital.
The futures bonus is actually a promotional reward that customers can apply to their futures buying and selling account. Whereas these bonuses are usually not equal to actual belongings (they can’t be withdrawn or transferred), they do enable customers to have interaction in buying and selling and doubtlessly withdraw any earnings earned from trades executed with the bonus.
To use the futures bonus, customers must observe a easy course of:
Navigate to “Property”. Go to the “Property” part on the Bitunix platform.
Entry the Coupon Heart. Click on on “Coupon Heart”.
Activate Bonus. Click on the “Activate” button subsequent to the bonus you wish to use.
Examine Bonus Steadiness. Confirm that the bonus is included in your accessible steadiness.
Begin Buying and selling. Proceed to open positions in futures buying and selling utilizing the activated bonus.
It’s essential to handle these bonuses rigorously, as any losses incurred throughout buying and selling will probably be deducted from the bonus steadiness. Moreover, word that transferring funds from the futures account earlier than the bonus is totally utilized will lead to its cancellation.
Copy Buying and selling
In addition to spot and derivatives buying and selling, Bitunix can be recognized for its copy buying and selling performance. Copy buying and selling is a device that permits much less skilled customers to copy the trades of extra seasoned buyers. When a lead dealer makes a transfer, the system mechanically mirrors that commerce for the follower.
This setup creates a mutually helpful relationship: the lead dealer good points followers and earns a proportion of the online revenue from their trades, whereas the follower advantages from the experience of a extra skilled dealer. Nonetheless, it’s necessary to notice that whereas this is usually a worthwhile studying device, it additionally carries dangers, as previous efficiency shouldn’t be indicative of future outcomes.
No Necessary KYC
One of many platform’s most notable options is its no-mandatory-KYC coverage. Nonetheless, whereas this enables for higher privateness and sooner registration, it additionally comes with limitations, significantly relating to withdrawal limits.
Customers can withdraw as much as $500,000 with out finishing KYC verification, which could be greater than enough for a lot of merchants. Nonetheless, these seeking to enhance this restrict might want to endure the platform’s KYC course of, which incorporates offering identification and proof of residence.
This twin method balances person privateness with regulatory compliance, catering to a broad vary of person preferences.
Concerning privateness and safety, Bitunix emphasizes person safety by way of superior safety measures and maintains a strong reserve fund to make sure that person holdings are all the time protected.
All in all, Bitunix has positioned itself as a aggressive participant within the crypto trade panorama, providing a mix of options that cater to a various person base. Whether or not you are a seasoned dealer on the lookout for high-leverage alternatives or a newcomer considering exploring the world of crypto by way of copy buying and selling, Bitunix gives a complete platform that meets these wants.
Ain is the Lead Content material Researcher. Her huge expertise with crypto and blockchain tech-related content material permits her to establish the important thing items of knowledge that must be introduced to the learner, and make sure the validity of the gathered knowledge.With a level in New Media research, she has developed an intensive checklist of methods to coach folks by way of new, research-proven examine fashions primarily based on deduction and long-term human reminiscence.Ain approaches every thing with unequivocal consideration to element. Her foremost objectives are to erase the anomaly surrounding many Web3 ideas, and to information content material writers in presenting troublesome crypto-related ideas in an easy-to-understand method.Although content material technique is her foremost ardour, Ain additionally enjoys studying high-fantasy books and watching superhero films.
