Bitunix, a comparatively new participant on this planet of crypto exchanges, has rapidly established itself as a major platform within the crypto derivatives buying and selling area.
Launched in November 2021, Bitunix has expanded its attain and repute by securing important regulatory licenses and providing an honest set of options designed to satisfy the wants of numerous merchants.
With a consumer 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 lovers 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 latest 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 affords each spot and futures buying and selling, which caters to informal merchants and extra skilled buyers. Spot buying and selling on Bitunix supplies entry to over 300 in style cryptocurrencies, making it a flexible possibility for these trying to purchase or promote quite a lot of digital belongings.
Talking of futures buying and selling, the trade affords a sturdy buying and selling surroundings with greater than 140 USDT-margined contract buying and selling pairs and as much as 100x supported leverage. This supplies substantial alternatives for these prepared 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 want to maximize their potential returns.
Futures Bonuses
Now, a singular side of Bitunix is its futures bonus system, which is designed to draw new customers by giving them the possibility to expertise futures buying and selling with out the necessity to threat their very own capital.
The futures bonus is basically a promotional reward that customers can apply to their futures buying and selling account. Whereas these bonuses will not be equal to actual belongings (they can’t be withdrawn or transferred), they do enable customers to have interaction in buying and selling and doubtlessly withdraw any income earned from trades executed with the bonus.
To use the futures bonus, customers have to 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.
Test Bonus Stability. Confirm that the bonus is included in your obtainable 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 fastidiously, as any losses incurred throughout buying and selling can be deducted from the bonus steadiness. Moreover, word that transferring funds from the futures account earlier than the bonus is totally utilized will end in its cancellation.
Copy Buying and selling
In addition to spot and derivatives buying and selling, Bitunix can be identified for its copy buying and selling performance. Copy buying and selling is a instrument that permits much less skilled customers to duplicate the trades of extra seasoned buyers. When a lead dealer makes a transfer, the system routinely mirrors that commerce for the follower.
This setup creates a mutually useful relationship: the lead dealer positive aspects followers and earns a proportion of the web revenue from their trades, whereas the follower advantages from the experience of a extra skilled dealer. Nonetheless, it’s essential to notice that whereas this could be a invaluable studying instrument, it additionally carries dangers, as previous efficiency just isn’t 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 larger privateness and quicker registration, it additionally comes with limitations, notably concerning withdrawal limits.
Customers can withdraw as much as $500,000 with out finishing KYC verification, which may be greater than ample for a lot of merchants. Nonetheless, these trying 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 consumer privateness with regulatory compliance, catering to a broad vary of consumer preferences.
Concerning privateness and safety, Bitunix emphasizes consumer safety via superior safety measures and maintains a sturdy reserve fund to make sure that consumer 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 consumer base. Whether or not you are a seasoned dealer on the lookout for high-leverage alternatives or a newcomer fascinated with exploring the world of crypto via copy buying and selling, Bitunix supplies 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 ought to be offered 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 strategies to coach folks through new, research-proven examine fashions based mostly on deduction and long-term human reminiscence.Ain approaches every little thing with unequivocal consideration to element. Her predominant targets are to erase the paradox surrounding many Web3 ideas, and to information content material writers in presenting tough crypto-related ideas in an easy-to-understand method.Although content material technique is her predominant ardour, Ain additionally enjoys studying high-fantasy books and watching superhero motion pictures.
