A diverse crypto exchange is optimized to meet the daily trading needs of crypto traders. In today’s evolving cryptocurrency space, traders are always searching for the best exchanges. They consider several key factors like trading tools, fees, and security measures of an exchange to ensure an efficient and secure trading experience.

This in-depth review of the Bitunix Exchange focuses on analyzing its user-friendly services, functionality, and security. Bitunix is a simple yet modern-day crypto exchange that has been designed to cater to both beginner and experienced traders. The platform offers spot and futures trading, along with strong security measures, such as cold storage and two-factor authentication.

Let’s find out what makes Bitunix a standout crypto exchange in the competitive crypto market.

About Bitunix

Bitunix is a growing global crypto exchange that has been registered in St. Vincent and the Grenadines. Founded in 2021, the platform was officially launched in 2022 and offers services to more than one million registered users in over 100 countries. It has obtained its licenses in several countries, including Canada (MSB), the U.S. (MSB), and the Philippines (VASP).

The Bitunix Exchange has been designed to offer a seamless trading experience to crypto users. It comes with a user-friendly trading interface where you can trade more than 300 trading pairs, including Bitcoin, Ethereum, and more. The platform offers deep liquidity to its users to meet their diverse needs, and its cumulative daily trading volume stands above $1 billion.

Bitunix allows futures trading with up to 125x leverage and charges low fees, making it a preferred choice for crypto traders. You can start trading with ease on the platform since it is a non-KYC (Know Your Customer) crypto exchange. However, to use its fiat services, customers are required to complete the basic KYC procedure.

The exchange supports several fiat currencies and payment methods, making it easy for users to make a deposit. It prioritizes proof-of-reserves and employs robust security measures to offer a safe trading environment. In addition, its 24/7 multilingual customer support is always there to help you with your queries.

Bitunix does not provide a lot of information about its core team. However, its LinkedIn page mentions Arron Lee as a co-founder.

Key Features:

• Extensive Trading Pairs: Bitunix supports over 180 USDT-margined trading pairs with leverage up to 125x.
• Copy Trading: Bitunix copy trading allows you to follow the strategies of professional traders, streamlining opportunities for passive income.
• Fee Structure: Bitunix spot trading fee for taker is 0.10%, which decreases with higher trading volume. The platform charges 0.06% taker fees and 0.02% maker fees in futures trading.

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How to Get Started with Bitunix?

The process of getting started with Bitunix is simple. You just need to provide the essential details and get registered.

Once you are on the Bitunix website, navigate to Sign Up at the top of your menu bar.

You can register using either your email or mobile phone number. Enter the details and set a strong password based on numbers, letters, and symbols. Also, do not forget to agree to the terms of service and conditions.

Provide the verification code that you receive on your email or mobile phone number to activate your account.

Completing the Google 2FA on Bitunix

Since Bitunix is a rapidly emerging crypto exchange, it heavily prioritizes the security of its users. Once you have successfully created your account, the next thing you need to do is add an extra layer of protection to your account by setting up the Google Two-factor Authentication (2FA). It not only protects your account from scammers but also facilitates withdrawals.

Navigate to the Security section under your profile icon and go to “Set Up” next to Google Authenticator. Download the Google Authenticator on your mobile phone and link it with your Bitunix account.

KYC (Know Your Customer) Procedure on Bitunix

KYC, or Know Your Customer, is an identity verification process used by Bitunix to comply with regulatory requirements. You just need to provide some personal information and legal documents to complete the procedure. It protects your account from illegal activities, such as fraud and money laundering.

Remember, you can start trading on Bitunix without completing the KYC procedure. However, to increase your daily withdrawal limits and increase the safety of your account, Bitunix encourages its users to complete its basic and advanced KYC procedures.

To complete the basic KYC procedure, you need to provide the following documents:

• Your identity card issued by your government.
• A recent photograph of yourself holding your ID and a paper with “Bitunix” and the current date written on it.

For the advanced KYC procedure, you need to provide:

• A valid proof of address.

How to Make a Deposit on Bitunix?

You can use several cryptocurrencies, such as Bitcoin, Ethereum, USDT, and more, to make a deposit on Bitunix. The procedure is simple as it requires just a few steps.

All you need to do is navigate to the deposit menu, choose the cryptocurrency you want to deposit, and select your deposit network. Bitunix provides you with a MEMO or TAG for depositing some specific tokens, such as XRP, which you need to enter on the deposit screen. You will get your assets in your spot account once the deposit is complete.

Bitunix is an innovative exchange that offers more than just trading your favorite cryptocurrencies. The platform offers customers the service of buying crypto with fiat currency. You can use P2P trading and Third-party purchasing on the platform to buy crypto with fiat.

P2P (Peer-to-Peer) is an advanced method where individuals buy or sell cryptocurrencies directly, bypassing any intermediaries. To access P2P on Bitunix, you need to visit P2P Trading under the Buy Crypto section.

To buy cryptocurrencies:

• Select the cryptocurrency you want to buy, the fiat currency you want to spend, and the payment method.
• Choose your favorite ad, confirm your order details, agree to Bitunix P2P Trading Legal Disclaimer, and confirm your order.

To sell cryptocurrencies:

• Select the cryptocurrency you want to sell, the fiat currency you want to get, and the payment method.
• Select your favorite ad, enter the order amount, agree to terms and conditions, and confirm your order.

If you are looking to purchase your favorite coins via payment methods, such as Visa or Mastercard, you can use Third-Party purchasing on Bitunix.

Navigate to Third-Party purchasing under the Buy Crypto section on your menu bar. For this, all you need to do is select the fiat currency you want to spend, choose the cryptocurrency you want to buy, and select the payment method. Once the order is confirmed, the cryptocurrency you purchased will be transferred to your Spot account.

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How to Transfer Funds on Bitunix?

Bitunix allows its users to transfer funds from their Spot to Futures account in just a few simple steps. This procedure is crucial to start futures trading on the platform.

Visit the Spot Account page under the Wallet icon at the top of your menu bar. You will see your total balance, and to make a transfer, you need to navigate to Transfer, enter the coin you want to send to your Futures account and confirm the transfer.

Withdraw Funds on Bitunix

You can easily withdraw funds on Bitunix to your personal wallet or any other exchange account. However, first, you need to complete the Google 2FA to initiate withdrawals. Also, once your KYC procedure is complete, you can increase your withdrawal limit to above 500,000 USDT.

To make a withdrawal from Bitunix, navigate to Withdraw under the Wallet section of your menu bar. You need to select the withdrawal coin, enter the withdrawal address, and confirm the order.

Bitunix charges a certain amount of currency as the network gas fee, which varies with different blockchain networks. You can also learn about withdrawal fees on the Bitunix website.

How to Convert Coins on Bitunix?

Bitunix is a diverse crypto exchange that provides you with the opportunity to convert your favorite coins without any hassle. With Bitunix Convert, you can convert cryptocurrencies anytime, which is a quick process with zero fees.

Bitunix Convert allows you to convert most coins listed on the exchange, including Bitcoin, Ethereum, USDT, and more. To convert cryptocurrencies, navigate to Convert under the Spot section in your menu bar. Select the cryptocurrency you want to convert, confirm your order details, and place the order. Your coins will be instantly converted.

Trading on Bitunix

Bitunix offers a user-friendly trading interface with all essential trading tools. In Futures trading, you can trade over 180 USDT margined contract trading pairs with up to 125x leverage. On the other hand, Spot trading offers more than 140 spot trading pairs.

Both Futures and Spot trading offer only the basic order types, making it simple to use for everyone.

Trading Interface

TradingView powers the trading chart on Bitunix with all its excellent tools. You can easily select your favorite trading pair to trade. The chart shows you the current price, funding rate, countdown, 24-hour percent change in the price and volume, and more.

You can select the time interval according to your preferred trading strategy. It allows you to choose any trading indicator and apply it accordingly. You have the order book that shows the latest buying and selling prices.

In futures trading, you can choose the margin mode between Cross and Isolated and place your order type. In the asset information tab, you can get information about the current account’s margin and assets as well as profit and loss. The chart also gives you information about your current position, transaction history, current orders, and more.

What is the Difference between Cross and Isolated Margin?

• Cross Margin: when you choose cross margin, the available funds in your futures account are utilized as margin. The position is liquidated when the loss exceeds your account balance. In this margin mode, you can carry losses better, making it easy for you to trade.
• Isolated Margin: when choosing the isolated margin, the margin for your position is isolated. You will only lose that amount (at risk) when the position is liquidated.

Futures Trading

Bitunix offers Futures trading for USDT perpetual contracts on leading cryptocurrencies, such as Bitcoin, Ethereum, and more.

You can choose your favorite trading pair from the available over 180 trading pairs and start trading it. Futures trading on Bitunix involves leverage up to 125x, providing you the opportunity to trade with more funds than available in your account. All you need to do is navigate to Futures at the top of your menu bar, select the trading pair, adjust the chart according to your trading strategy, and place the order.

Spot Trading

Bitunix Spot market comes with a wide range of cryptocurrencies that you can trade at the current market rate, known as the spot price.

With Spot Trading on Bitunix, you get access to over 140 spot trading pairs. Just navigate to Spot at the top of your menu bar, choose your favorite trading pair, change the settings of the chart as per your trading strategy, and place the order.

Order Types on Bitunix

Bitunix is a crypto exchange that has been designed to meet the expectations of both beginner and experienced crypto traders. The order types on the platform are simple yet catering to all the requirements of modern-day traders.

The following order types are offered on Bitunix:

• Limit Order: This order type allows you to set a specific price and amount for the order, ensuring you do not pay more than you are willing to receive. A limit order is executed when the market reaches the specific settled price. However, when the market price fails to reach the set price, the order continues to wait in the order book for the transaction.
• Market Order: With this type of order, you can buy or sell a cryptocurrency immediately at the current market price. It ensures quick execution, but you need to be careful about the most favorable price.
• Trigger Order: It allows you to pre-set the trigger conditions, amount, and price of the order. Once the latest market price meets the trigger conditions, the system automatically places the order based on the settled price and amount.
• Trailing Stop Order: This dynamic order type adjusts once the market prices move favorably, protecting profits and limiting losses by automatically moving the stop-loss level.

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.

Copy Trading on Bitunix

Bitunix is more than just a trading exchange; it allows you to generate passive income through its unique features, such as Copy trading. It enables you to replicate the trading strategies of professional traders. As a beginner, you might not be equipped with all the essential trading techniques, but with copy trading on Bitunix, you cannot only make passive income but also learn from the leading crypto traders.

Copy trading on Bitunix allows both followers and lead traders to benefit from a win-win situation. The follower follows the trading strategy of professional traders and improves their learning and income opportunities. Experienced traders, on the other hand, can attract more followers based on their trading strategies and start earning a percentage of the net profit from their followers.

Bitunix Copy Trading allows you to follow up to 10 experienced traders at once. The leading copy traders are categorized based on PnL (Profit and Loss), ROI (Return on Investment), Win Rate, and AUM (Asset Under Management). In addition, you can also become a lead trader on Bitunix to earn a 10% share of your followers’ profits.

Bitunix Campaign Center

Bitunix Campaign Center enables you to earn rewards by completing several tasks.

All you need to do is navigate to the Campaign Center, and you will see several ongoing campaigns (if any). You can choose your favorite campaign, participate in it, complete several tasks, and earn exclusive rewards. You can also visit the Past Campaigns section and learn about the previous campaigns.

Bitunix Task Center

Bitunix offers exclusive deposit bonuses and rewards for its users through its task center. You can claim these rewards by completing several deposit and trading tasks.

Visit the Task Center at the top of your menu bar, and you will see several tasks that you can complete to earn rewards. For example, by completing your first 100 USDT deposit bonus, you will receive a 5 USDT futures bonus.

In addition, you can also complete different cumulative futures volume tasks to get bonuses. Listed below are some of the significant futures trading bonuses:

• 2 USDT bonus on a trading volume of 5,000 USDT or more.
• 15 USDT bonus on a trading volume of 100,000 USDT or more.
• 50 USDT bonus on a trading volume of 1 million USDT or more.
• 500 USDT bonus on a trading volume of 5 million USDT or more.
• 1,000 USDT bonus on a trading volume of 10 million USDT or more.
• 2,000 USDT bonus on a trading volume of 50 million USDT or more.
• 5,000 USDT bonus on a trading volume of 100 million USDT or more.

Bitunix Referral Program

You can earn exclusive rewards by inviting your friends to Bitunix through its referral program.

Bitunix offers you the opportunity to earn up to 20% commission for every referee trade. You just need to copy the referral code and link and send them to your friends. Whenever your referee performs a trade on the exchange, you will get a commission based on it.

Bitunix Fees

There are several fees you are required to pay on the Bitunix Exchange based on the product you use.

• Spot trading fees: Bitunix charges a 0.10% taker fee and a 0.08% maker fee in spot trading.
• Futures trading fees: the taker fee is 0.06%, and the maker fee is 0.02 %.

VIP on Bitunix

The Bitunix VIP system has been designed for professional traders and investors. By becoming a VIP on Bitunix, you can enjoy exclusive benefits, discounts on futures and spot trading fees, services for personal account managers, and more.

The system automatically calculates your VIP level based on the accumulated futures and spot trading volume and current asset holdings in the last 30 days.

Your VIP level is updated automatically by the system daily. You can enjoy discounts on trading fees as per the table above. These fees vary according to your VIP level.

Also, Bitunix provides you the opportunity to become a better-level VIP if you are a VIP on any other exchange. You just need to send an email with your Bitunix UID alongside the screenshot of your 30-day trading volume on the other exchange to vip@Bitunix.com.

Bitunix Mobile App

Bitunix offers its users an innovative mobile app that provides a dynamic trading experience. The mobile app comes with most of the features that are offered on the desktop version of the exchange. It saves you the hassle of going to your computer or laptop all the time when using any product on the exchange.

You can trade your favorite crypto trading pairs, participate in tasks to earn exclusive benefits, get instant market notifications, and more on the Bitunix mobile app. You can simply download the app on the Apple Play Store, and it is currently going through important updates on the Google Play Store.

Bitunix Regulations

Bitunix focuses on improving its presence in international markets. The platform has acquired the following licenses in several jurisdictions, making it a legitimate exchange.

• MSB License in the U.S.A.
• Virtual Asset Service Provider (VASP) License in the Philippines.
• MSB license in Canada.

Bitunix Security

Bitunix is among the top crypto exchanges worldwide that have implemented the best security measures to ensure enhanced safety for their users. The platform utilizes Google 2FA to protect your account from any scam. It also incorporates the KYC procedure to keep fraudsters at bay.

To boost your confidence in the exchange, Bitunix applies a fund password as a security measure. You are required to provide this password whenever making a withdrawal on the exchange. In addition, to improve security, Bitunix has partnered with Multi-Party Computation (MPC) technology, Nemean Services, and Cobo.

Bitunix has also adopted Merkel-tree Proof-of-Reserve to enhance transparency in its operations.

Closing Thoughts

Bitunix is a diverse cryptocurrency exchange that has been designed for crypto traders who like a robust combination of simplicity and innovation. The exchange offers a user-friendly experience, innovative trading tools, and leverage trading with up to 125x leverage. In addition, Bitunix provides several ways for its users to generate passive income. Bitunix protects your data and funds through top-of-the-line security measures, such as Google 2FA, fund password, and more. The crypto exchange maintains its regulatory compliance with licenses from different global jurisdictions. Overall, Bitunix is a unique crypto exchange that caters to both beginner and experienced traders.

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.

Frequently Asked Questions – FAQs