What is Bitunix?

Bitunix is a cryptocurrency exchange platform established in Hong Kong that offers a variety of digital asset trading services. Launched in November 2021, it has rapidly expanded its presence, with significant operations in the Middle East and plans for future expansions in the Philippines, Japan, and the UK.

Bitunix offers spot and derivatives trading, with an emphasis on security, a user-friendly interface, and advanced tools for both novice and experienced traders.

Key Features of Bitunix

Bitunix provides several features aimed at enhancing the trading experience:

1. Spot Trading: Offers over 300 trading pairs, including popular cryptocurrencies like Bitcoin (BTC), Solana (SOL), and Dogecoin (DOGE) against USDT.
2. Derivative Trading: Features USDT-margined perpetual futures with over 140 contract trading pairs, offering leverage of up to 125x.
3. Passive Income Products: Includes a referral bonus system that rewards users with up to 40% bonus commission for inviting new users.
4. Educational Resources: The platform’s “Bitunix Learn” initiative offers videos, quizzes, and an academy to educate users on blockchain and trading basics.
5. Advanced Functionalities: Provides a FIX API for institutional traders, sub-accounts for quantitative traders, and extensive security measures, including two-factor authentication (2FA) and cold storage for asset safety.

How to Use Bitunix Crypto Exchange

To get started, got to Bitunix and complete the sign up process.

Make sure you verify your email. 

Once you’ve confirmed your email, you can proceed to deposit and start trading. 

Choose the asset you wish to buy or deposit deposit. You can buy crypto directly from the platform via third party service providers such as Volet, Coinify, Alchemy Pay, or MoonPay.

In this demonstration, we are going to deposit some USDT from an external wallet. 

We’ll pay the gas fee to send funds to the Bitunix exchange wallet. 

It takes only a few minutes for the funds to appear in the Bitunix exchange wallet.

Bitunix offer spot and futures markets. Simply transfer funds to your futures account if you want to margin trade. 

Now that we have funds available in the futures account, we can proceed to open a leveraged position. 

Simply explore the markets and choose the trading pairs you wish to trade. 

You can open a LONG or SHORT position on your chosen pair. 

You can choose the margin mode you want ie. Cross or Isolated.

In this demonstration, we’ll open a short limit order position with isolated margin and with 20x leverage. 

What’s great about Bitunix is that it shows you all the important position info e.g. order type, margin rate and estimated liquidation price before you confirm the trade. 

You can view your open positions on the dashboard with ease. 

Bitunix Trading Fees

Bitunix maintains a competitive fee structure:

• Spot Trading Fees: Maker fee is 0.08%, and the taker fee is 0.1%.
• Derivative Trading Fees: Maker fee is 0.02%, and the taker fee is 0.06%.
• Withdrawal Fees: Fixed withdrawal fees, such as 0.0005 BTC for Bitcoin withdrawals.

Additionally, Bitunix offers a tiered VIP rate system that lowers transaction fees based on trading volume or asset holdings over the previous 30 days.

Security and Safety on Bitunix

Security is a core priority for Bitunix. Key safety measures include:

• Two-Factor Authentication (2FA): Adds an extra layer of security to prevent unauthorized access.
• Cold Storage: Most user assets are stored in cold wallets, minimizing online risk.
• Regular Security Audits: Conducts frequent audits and penetration tests to identify and address potential vulnerabilities.
• Compliance: Adheres to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
• Reserve Fund: Maintains a reserve fund exceeding all user holdings, ensuring funds are always available for withdrawal.

Bitunix has great reviews on independent review sites such as Trustpilot and also excellent reviews from the App Store, for example.

 

In addition, Bitunix is highly ranked, in the top 10 exchanges with the highest trust score on Coinmarketcap.

Bonuses, Promotions & Incentives on Bitunix

Bitunix offers great incentives to new and regular traders. From newcomer rewards, exclusive mystery boxes to limited time deposit bonuses – they have it all. 

Bitunix’s User Experience

The platform is designed to be intuitive and accessible:

• Mobile App: Available for Android and iOS, enabling users to trade on the go, view real-time prices, and receive updates.
• User Interface: A clean, well-organized interface that simplifies navigation and integrates advanced trading tools.
• Educational Resources: Offers a range of learning materials, including videos and quizzes, to help beginners understand the fundamentals of cryptocurrency trading.

Supported Cryptocurrencies and Trading Pairs

Bitunix supports a diverse range of cryptocurrencies:

• Major Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), etc.
• Altcoins and Tokens: Solana (SOL), Polkadot (DOT), Cardano (ADA), Uniswap (UNI), Dogecoin (DOGE), and more.
• Trading Pairs: Over 300 spot trading pairs and 140+ USDT-margined contract trading pairs.

Geographic Availability and Restrictions

• Excluded Countries: Prohibited for residents of Syria, Sudan, North Korea, and certain other countries.
• Licensing: Actively seeking licenses to operate in various countries, including the U.S.

Customer Support and Service

Bitunix offers a comprehensive customer support system:

• Multiple Channels: Available via Telegram, Facebook, Instagram, YouTube, LinkedIn, and Twitter.
• Email Support: Direct email support is available for various inquiries.
• Live Chat: Provides real-time assistance through a live chat feature.

Pros and Cons of Bitunix

Pros:

• Low trading fees.
• High liquidity.
• Robust security measures.
• Extensive range of cryptocurrencies and trading pairs.
• User-friendly interface.

Cons:

• Limited payment options.
• Fewer currency pairs compared to some larger exchanges.

Conclusion

Bitunix is a robust cryptocurrency exchange platform, offering a wide array of trading options from spot to derivatives. Its user-friendly design, extensive security measures, and competitive trading fees make it a compelling choice for traders of all experience levels. However, potential users should consider geographic restrictions and payment limitations before committing to the platform.

Bitunix FAQs

1. Is Bitunix available in the USA?
   No, U.S. residents cannot trade on Bitunix.

2. Is Bitunix suitable for beginners?
   Yes, Bitunix provides a user-friendly interface and comprehensive educational resources, making it suitable for beginners.

3. What are the trading fees on Bitunix?
   Bitunix charges a maker fee of 0.08% and a taker fee of 0.1% for spot trading, with lower fees for derivatives.

Other Non-KYC Exchanges

Bitunix joins the ranks of several non-KYC exchanges that prioritize user privacy while offering diverse trading options and providing unique benefits in terms of features, liquidity, and security.

Trade on Bitunix