Bitunix App Tutorial – Learn How to Trade Cryptocurrencies

Bitunix is a renowned cryptocurrency exchange that offers crypto trading services to crypto enthusiasts worldwide. The platform has an intuitive mobile app that provides all the essential tools for trading, including Spot, Futures, and various order types. The app features a fast-moving dashboard with real-time market data, supported digital assets, and trading pairs, helping traders with the insights to make calculated decisions.

This tutorial for the Bitunix App will guide cryptocurrency users about its essential features and functions, helping build a solid understanding. The tutorial will provide information about setting up an account, completing the necessary security verifications, making a deposit, and placing the first trade.

Understanding Bitunix

Bitunix is an advanced cryptocurrency exchange that was launched in 2022. According to current market data, the platform is active in over 100 countries, serving more than two million users. It provides a robust mobile app to users that offers both basic Spot trading and Futures trading with leverage.

The app supports over 400 cryptocurrencies, including popular ones like Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and many others. The Bitunix App provides a user-friendly interface that enables traders to trade their preferred digital assets efficiently.

It offers more than 300 trading pairs in Futures trading, providing a diverse range of opportunities for traders to capitalize on market movements. The app features several security measures for enhanced safety of funds, such as two-factor authentication (2FA) and Know Your Customer (KYC) protocols. The 24/7 customer support of the Bitunix App further enhances the user experience.

Some of the key features of the Bitunix App include:

• Support for over 400 digital currencies.
• More than 300 trading pairs in Futures trading.
• Advanced safety measures for a safe trading environment.
• Derivatives trading with up to 125x leverage.
• Purchase cryptocurrencies with fiat currencies.

How to Get Started on the Bitunix App?

The process of signing up for the Bitunix App is straightforward. Whether you are creating an account for the first time or shifting from another exchange, registration takes only a few minutes.

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Here is a step-by-step guide on how to create an account on the Bitunix App.

1. Download the App

Start by downloading the Bitunix App on your mobile phone. Users can download the app from both the App Store and the Google Play Store. It takes a few minutes for the app to download. Alternatively, scan the QR code below to download and install the app.

2. Start the registration process

Open the Bitunix App on your mobile phone and start the registration process. Tap the “Sign Up” tab on the home screen, and the app will direct you to the registration page.

3. Provide the sign-up details

Users can create an account on the Bitunix App using their email address, mobile number, and Google and Facebook IDs. For this example, signing up with an email address is selected. Enter the email address, and create a strong password based on lower and upper letters, symbols, and special characters. Agree to the user agreement and privacy policy and click the “Sign Up” tab.

4. Enter the verification code

Provide the six-digit verification code received at your email address. Once done, tap “Access Bitunix Pro” to complete the sign-up process.

How to Complete the KYC Procedure on Bitunix?

After signing up for the Bitunix app, the next step is to complete the Know Your Customer (KYC) procedure. It is a standard verification process that enhances account safety, increases withdrawal limits, and provides access to various features on the app.

The Bitunix App supports two primary levels of KYC: Basic and Advanced. Basic KYC verification requires the user to provide personal details, an ID card, and a selfie. After completing this verification level, users can withdraw up to 2 million USDT daily and access the basic functions of the app. On the other hand, Advanced KYC requires additional proof of address. This verification level increases the daily withdrawal limit to up to 5 million USDT and grants access to all app features.

To start the KYC procedure, complete the following steps.

1. Navigate to the verification screen

Tap the “Profile icon” on the home screen, which opens the main menu. Next, click the “Verifications” tab to start the KYC procedure.

2. Select the verification level

Select the verification level (Basic or Advanced) to proceed. First, users need to complete the Basic verification before starting the Advanced verification. Tap “Verify” to start the Basic KYC verification process.

3. Provide the information

Enter information in the required fields, including country name, document type, ID number, first and last name, and date of birth. Once done, click “Next.”

4. Upload the photo of the ID document

Follow the directions to prepare the ID document. Tap “Verify Now” to upload the photo of the ID document.

Upload the photo of both the front and back sides of the document. You can also upload a photo of the ID card from the gallery. Once done, click “Submit” to continue.

5. Wait for confirmation

After successfully providing the verification documents, users need to wait for the confirmation of verification. Tap “Got it” to continue. After the verification is successful, the system will display the “Verified badge” on the profile.

How to Deposit Crypto Funds on the Bitunix App?

Bitunix is an advanced cryptocurrency exchange that offers multiple deposit methods through its mobile app. One of the supported methods is cryptocurrency deposits. It allows users to deposit digital assets into their accounts from an external wallet. Users can deposit leading cryptocurrencies in their accounts, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and more.

To make a crypto deposit on the app, follow these steps.

1. Access the deposit tab

On the Bitunix App home screen, click the “Deposit / Buy Crypto” tab. Alternatively, tap “Assets” at the bottom-right of the home screen and then select the deposit method to deposit funds.

2. Select the deposit method

Next, tap “Deposit Crypto” to fund your account with cryptocurrencies.

3. Select the digital currency

Select the cryptocurrency to deposit, for example, USDT. Users can also search for digital currency in the search bar.

4. Choose the deposit network

Next, select the deposit network you want to use to make a deposit. Remember, choose the same deposit network that you selected in the wallet from where you are sending the funds. Choosing the wrong deposit address can result in the loss of funds. For example, if you select Tron (TRC-20) in Bitunix, you should select the same network in the withdrawal wallet.

5. Proceed with the deposit

Click the “Save” tab to save the deposit wallet information. Users can scan the QR code in their external wallet to make a deposit. Otherwise, tap “Copy” to copy the deposit address and paste it into the withdrawal wallet. Also, don’t forget to select the account type between Spot and Futures to receive the funds.

Buying Crypto with Fiat on the Bitunix App

Although you can use the Bitunix App to trade cryptocurrencies, several services may be limited in your area, such as buying or selling cryptocurrencies with P2P trading. However, users can easily purchase digital currencies with fiat money using third-party payment methods.

To use the third-party payment method on the app:

1. Open the home screen

On the Bitunix App home screen, click the “Deposit/Buy Crypto” tab.

2. Select the payment option

Next, tap the “Third-Party Provider” option to buy digital assets with fiat currencies.

3. Provide the order amount

Select the cryptocurrency you want to purchase, such as USDT. Enter the order amount and click Buy USDT to proceed.

4. Choose the payment method

Select the third-party payment method you want to use to complete the transaction. Review all available options and select the most suitable one. Once you've done this, click Next to continue.

5. Confirm order

Review the order details and click Confirm.

6. Agree to the terms of service

Read the terms of service and privacy policy. Tap “I have read and agree,” and click Confirm. The system will automatically take users to the homepage of their selected third-party payment provider, where they can complete the transaction.

Order Types on Bitunix App

Before placing trades on the Bitunix App, it is essential to understand several available order types. These options enable traders to control their trades, allocate funds efficiently, and effectively manage risks.

Listed below are the available order types on the app.

1. Limit Order

This order type allows cryptocurrency traders to set specific conditions for their orders. It helps determine the price they are willing to pay or receive for trading a digital currency.

Example: Suppose Ethereum (ETH) is trading at $4,000 and you want to sell it for $4,100. For this, you set a sell limit order with a specific price condition. Once the targeted price is achieved, the order will execute automatically, relieving you from the struggle of continuously monitoring the market.

2. Market Order

A market order allows users to purchase and sell a cryptocurrency at the current market price. It is the fastest way to enter or exit a trade and is suitable for traders who care less about the exact execution price.

Example: Suppose Bitcoin is trading at $115,000, and you place a market order to purchase it. The order will execute immediately with a slight change in the price.

3. Trigger Order

Users can use it to set preset trigger conditions for an order. It does not appear in the order book until the conditions are met.

Example: If Ethereum (ETH) is valued at $4,200, and you speculate that its price will go upwards. You set a trigger order with a stop price at $4,250 and a limit price at $4,300. Once ETH reaches $4,250, the order to buy it up to $4,300 will activate.

4. Trailing Stop Order

You can use this order type to protect profits and limit losses. It executes once the prices move in your favor.

Example: Suppose Bitcoin is trading at $110,000, and you place a trailing stop order with a $1,000 trailing distance. If the price rises to $113,000, the stop price will reach $112,000. On the other hand, if the price falls below it, the order will execute and trigger a sell order to minimize losses.

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Spot Trading on Bitunix App

Spot trading on the Bitunix App gives you direct access to buy and sell digital currencies at the current market price. It does not involve leverage; instead, it directly trades cryptocurrencies. Once a trade is completed, the funds are directly deposited into the user’s wallet.

Let’s find out how to start Spot trading on the app.

1. Go to the Spot market

Open the Bitunix App on your smartphone and tap “Trade” at the bottom of the navigation bar. It takes you to the Spot trading interface, where you can view live price action, place buy and sell orders, and use different token pairs.

2. Get familiar with the interface

The Spot trading interface offers the following futures:

• Trading Pair Selector: Select a trading pair you want to trade in the top-left corner of the interface. For this example, BTC is selected against USDT.
• Order Book: On the left side of the interface, the order book shows the current buying and selling prices of the selected digital asset.
• Order Panel: The order panel is on the right side of the interface, where you can select an order type and buy and sell the selected digital pair.
• Positions tab: The positions tab at the lower end of the interface enables you to access the details of the order. If you want to close a position, you can also do it here.

3. Place an order

To place an order:

• Go to the order panel.
• Select the order direction between Buy and Sell.
• Next, select an order type, and in this case, a Limit order is selected.
• Enter the order amount.
• Carefully review the order details and click either Buy BTC or Sell BTC.

4. Add TP/SL to the order

Users can add TP/SL (Take-Profit/Stop-Loss) prices to the order. It allows them to control the trade by identifying profit targets and limiting losses. Tap “TP/SL” in the order panel and enter the TP (Take-Profit) and SL (Stop-Loss) prices.

Users can also use advanced settings for TP/SL. Tap “Advanced” beyond TP/SL in the order panel. Enter the TP and SL prices. You can also calculate the profit and loss percentage by PnL (Profit and Loss) or Change. Once done, click Confirm to continue.

Futures Trading on Bitunix App

Futures trading on the Bitunix App allows traders to speculate on the price movements of an asset without owning it. The platform offers a wide range of futures contracts that users can buy or sell at a future price.

Let’s explore how you can start Futures trading on the app.

1. Go to the Futures market

Open the Bitunix App and tap “Futures” from the navigation bar at the bottom of the home screen. It will take you to the Futures trading interface, where you can trade digital assets.

2. Understand the interface

The Futures trading interface offers the following features:

• Select the trading pair from the trading pair selector in the top-left corner of the interface. In this case, BTC/USDT perpetual is selected.
• Users can check the live price data of the selected digital asset in the order book on the left side of the interface.
• The order panel is on the right side of the interface, where users can select the margin mode, leverage ratio, order type, and open or close a position.
• To view the details of the order, you can visit the positions tab at the bottom of the interface.

3. Open a position

To open a position, go to the order panel and follow these steps:

1. Select the margin mode: Tap “Cross” in the order panel to select the margin mode between Cross and Isolated. Cross margin allocates capital across all open positions, whereas isolated margin allocates margin to a single open position. Once done, click Confirm to continue.

2. Select the leverage ratio: Tap the “leverage tab” to select the leverage ratio. Bitunix offers up to 125x leverage for Futures contracts. However, choosing a higher leverage poses a higher risk. Therefore, always be careful and selecting a lower leverage ratio can be helpful. Once selected, click Confirm to proceed.

3. Enter the order details: In the order panel, select the order type. In this case, a Limit Order is selected. Next, enter the order amount, and click either “Open Long” or “Open Short” to open a position. You can also use TP/SL, which is optional.

4. Close a position

To close a position:

• Click “Close” in the order panel.
• Select the order type, for example, a Limit Order.
• Enter the order quantity.
• You can use TP/SL, which is optional.
• Review the order details, and tap either “Close Short” or “Close Long” to close the position.

Copy Trading on Bitunix App

Bitunix is a platform designed for both beginners and professional traders. It offers the copy trading feature to assist newcomers in their trading strategies. With this feature, beginners can replicate the trading strategies of seasoned traders, not only learning from their experience but also increasing the profit potential of their investments.  

To start copy trading on the app, follow these steps.

1. Access copy trading

Open the Bitunix App, tap “Futures” from the navigation bar on the homepage, and then click the “Copy Trading” tab. It will take users to the copy trading interface, where they can follow lead traders.

2. Select a trader to copy

Next, select a lead trader to follow. These traders are categorized based on Day Limit, P&L (Profit and Loss), Win Rate, ROI (Return on Investment), and AUM (Assets Under Management). To copy any trader, click Copy.

3. Fill in the form

Next, fill in the form to start copying the trader.

• Select the investment mode between Multiplier and Fixed Amount. With Multiplier mode, each order is placed proportionally to the lead trader’s and your margin balance. However, with the Fixed Amount mode, each order is placed with a fixed margin.
• Enter the investment amount.
• Set the stop-loss percentage to avoid losses.
• You can also use Advanced settings that are optional to set the margin mode, leverage ratio, and slippage range.
• Agree to the user agreement.
• Review the details and click “Next.”
• After this, you will need to confirm the order to start copying the lead trader.

How to Withdraw Cryptocurrencies from the App?

Users can easily withdraw cryptocurrencies from the Bitunix App by following some simple steps.

1. Open the app

Launch the Bitunix App and click “Asset” from the navigation bar at the bottom of the home screen.

2. Select withdraw

Select withdraw from the available options.

3. Select the withdrawal currency

Select the cryptocurrency you want to withdraw, for example, Tether (USDT). Otherwise, search for the coin in the search bar.

4. Select the withdrawal network

Be careful when selecting a withdrawal network. The network chosen by users should match the network of the withdrawal wallet to avoid fund losses. For example, if you decide on BSC (BEP20), ensure that you select the same network in the withdrawal wallet.

5. Enter the withdrawal amount

Next, enter the withdrawal address and the amount. Once done, tap “withdraw” to proceed.

6. Confirm withdrawal

Review the order details and click “Confirm” to complete the withdrawal.

Trading Fees on Bitunix

Bitunix is a leading cryptocurrency exchange that follows a competitive fee structure to offer maximum benefits to traders. The trading fees on the platform are calculated based on the 30-day trading volume. Additionally, the trading fees reduce with the rising VIP level.

The basic trading fees on the platform are:

• 0.10% taker and 0.08% maker fee in Spot trading.
• 0.06% taker and 0.02% maker fee in Futures trading.

The following table shows the trading fees for VIP traders:

Is Bitunix App Safe?

Security has been a key concern for cryptocurrency traders when they select a platform to trade digital assets. The Bitunix App boasts advanced security measures to ensure a safe trading environment. Bitunix utilizes military-grade security with encryption standards and high levels of protection.

The platform’s partnership with the leading security providers, such as Cobo and Nemean Services, demonstrates its commitment to providing enhanced security to users’ funds. Bitunix follows the Merkel-Tree Proof-of-Reserves to ensure all assets are completely backed on the platform. It allows users to verify that the platform holds 100% the assets it claims to have in reserves.

You can complete additional safety measures, such as two-factor authentication (2FA), on the app for an added layer of security for your funds. The cryptocurrency exchange also encourages users to use anti-phishing codes and fund passwords for transactions. Moreover, the app provides a complete login history to help users quickly spot and report any unauthorized access.

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Final Takeaways

Bitunix is an advanced cryptocurrency exchange that offers an intuitive app for a dynamic trading experience. The app features a wide range of trading options, enabling users to diversify their portfolios. It provides a straightforward way to buy and sell cryptocurrencies, making it easy for beginners to embark on their journey in the digital asset market.

In addition to basic buying and selling of digital currencies, the app features advanced trading tools, such as leverage trading. The Bitunix App provides enhanced security for users, thanks to its robust security measures. Overall, the app offers both basic features to facilitate beginners and advanced trading features for professional traders.

Frequently Asked Questions (FAQs)

Start trading the smart way. Register on Bitunix, fund your account with $500, and receive $100 bonus in crypto. Don’t miss your chance to grab this exclusive reward.