Bitunix: Balancing Security and Flexibility in Crypto Derivatives Trading

Launched in November 2021, Bitunix has expanded its reach and reputation by securing vital regulatory licenses and offering a decent set of features designed to meet the needs of diverse traders.

With a user base of over 600,000 and a trading volume that exceeds $1 billion, Bitunix aims to be a secure and user-friendly exchange for crypto enthusiasts around the globe.

Despite its recent inception, the platform wasted no time in becoming a significant player in the market. By late 2022, Bitunix had already secured a US MSB registration and followed that up with an SEC compliance license in the Philippines in early 2023.

Spot and Derivatives Trading

Bitunix offers both spot and futures trading, which caters to casual traders and more experienced investors. Spot trading on Bitunix provides access to over 300 popular cryptocurrencies, making it a versatile option for those looking to buy or sell a variety of digital assets.

Speaking of futures trading , the exchange offers a robust trading environment with more than 140 USDT-margined contract trading pairs and up to 100x supported leverage. This provides substantial opportunities for those willing to engage in high-risk, high-reward trading strategies.

Besides, Bitunix supports Hedge Mode, allowing traders to hold both long and short positions simultaneously, adding a layer of flexibility to their trading strategies. This feature is particularly appealing to those who are well-versed in the complexities of futures trading and are looking to maximize their potential returns.

Futures Bonuses

Now, a unique aspect of Bitunix is its futures bonus system, which is designed to attract new users by giving them the chance to experience futures trading without the need to risk their own capital.

The futures bonus is essentially a promotional reward that users can apply to their futures trading account. While these bonuses are not equivalent to real assets (they cannot be withdrawn or transferred), they do allow users to engage in trading and potentially withdraw any profits earned from trades executed with the bonus.

To apply the futures bonus, users need to follow a simple process:

1. Navigate to "Assets". Go to the "Assets" section on the Bitunix platform.
2. Access the Coupon Center. Click on "Coupon Center".
3. Activate Bonus. Click the "Activate" button next to the bonus you want to use.
4. Check Bonus Balance. Verify that the bonus is included in your available balance.
5. Start Trading. Proceed to open positions in futures trading using the activated bonus.

It’s crucial to manage these bonuses carefully, as any losses incurred during trading will be deducted from the bonus balance. Additionally, note that transferring funds from the futures account before the bonus is fully utilized will result in its cancellation.

Copy Trading

Besides spot and derivatives trading, Bitunix is also known for its copy trading functionality . Copy trading is a tool that allows less experienced users to replicate the trades of more seasoned investors. When a lead trader makes a move, the system automatically mirrors that trade for the follower.

This setup creates a mutually beneficial relationship: the lead trader gains followers and earns a percentage of the net profit from their trades, while the follower benefits from the expertise of a more experienced trader. However, it’s important to note that while this can be a valuable learning tool, it also carries risks, as past performance is not indicative of future results.

No Mandatory KYC

One of the platform’s most notable features is its no-mandatory-KYC policy. However, while this allows for greater privacy and faster registration, it also comes with limitations, particularly regarding withdrawal limits.

Users can withdraw up to $500,000 without completing KYC verification , which might be more than sufficient for many traders. However, those looking to increase this limit will need to undergo the platform’s KYC process, which includes providing identification and proof of residence.

This dual approach balances user privacy with regulatory compliance, catering to a broad range of user preferences.

Regarding privacy and security, Bitunix emphasizes user protection through advanced security measures and maintains a robust reserve fund to ensure that user holdings are always protected.

All in all, Bitunix has positioned itself as a competitive player in the crypto exchange landscape , offering a blend of features that cater to a diverse user base. Whether you're a seasoned trader looking for high-leverage opportunities or a newcomer interested in exploring the world of crypto through copy trading, Bitunix provides a comprehensive platform that meets these needs.