Bitunix, a comparatively new participant on this planet of crypto exchanges, has rapidly established itself as a major platform within the derivatives buying and selling area.
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 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 change for crypto fans across the globe.
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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 provides each spot and futures buying and selling, which caters to informal merchants and extra skilled buyers. Spot buying and selling on Bitunix offers entry to over 300 standard cryptocurrencies, making it a flexible choice for these seeking to purchase or promote a wide range of digital property.
Talking of futures buying and selling, Bitunix provides a strong buying and selling surroundings with greater than 140 USDT-margined contract buying and selling pairs and as much as 100x supported leverage. This offers substantial alternatives for these keen to have interaction in high-risk, high-reward buying and selling methods.
Moreover, Bitunix helps Hedge Mode, permitting merchants to carry each lengthy and brief positions concurrently, including a layer of flexibility to their buying and selling methods. This function 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 danger 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 Whereas these bonuses are not equal to actual property (they can’t be withdrawn or transferred), they do enable customers to have interaction in buying and selling and doubtlessly withdraw any income earned from trades executed with the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 must comply with a easy course of:
- Navigate to “Belongings”. Go to the “Belongings” part on the Bitunix platform.
- Entry the Coupon Middle. Click on on “Coupon Middle”.
- Activate Bonus. Click on the “Activate” button subsequent to the bonus you need to use.
- Test Bonus Stability. Confirm that the bonus is included in your obtainable stability.
- 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 might be deducted from the bonus stability. Moreover, notice that transferring funds from the futures account earlier than the bonus is absolutely utilized will lead to its cancellation.
Copy Buying and selling
Moreover 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 copy 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 helpful relationship: the lead dealer features 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 vital to notice that whereas this generally is a helpful studying instrument, it additionally carries dangers, as previous efficiency will not be indicative of future outcomes.
No Obligatory KYC
One of many platform’s most notable options is its no-mandatory-KYC coverage. Nonetheless, whereas this enables for better privateness and quicker registration, it additionally comes with limitations, significantly concerning withdrawal limits.
Customers can withdraw as much as $500,000 with out finishing KYC verification, which is perhaps greater than adequate for a lot of merchants. Nonetheless, these seeking to improve this restrict might want to bear 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 by superior safety measures and maintains a strong 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 change panorama, providing a mix of options that cater to a various consumer base. Whether or not you are a seasoned dealer searching for high-leverage alternatives or a newcomer keen on exploring the world of crypto by copy buying and selling, Bitunix offers 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 determine the important thing items of data that ought to be introduced to the learner, and make sure the validity of the gathered information.
With a level in New Media research, she has developed an in depth record of methods to coach individuals through new, research-proven research fashions primarily based on deduction and long-term human reminiscence.
Ain approaches every little thing with unequivocal consideration to element. Her foremost targets are to erase the anomaly 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 foremost ardour, Ain additionally enjoys studying high-fantasy books and watching superhero motion pictures.
