Bitunix Derivative Exchange: Functions and Advantages
Apr 27, 2023
Dubai, United Arab Emirates Apr 27, 2023 (Issuewire.com) - Bitunix is a professional crypto derivative exchange that aims at providing an easier and more secure way to trade cryptocurrencies. This article will tell you more about this new uprising crypto exchange.
What is Bitunix Exchange
Bitunix is a professional crypto exchange that provides trading, investment, and learning services as well as products.
Bitunix crypto exchange has served over millions of users in more than 70 countries, offering access to hundreds of tokens and trading pairs.
Users can now conduct spot trading and perpetual futures trading on Bitunix. It's worth mentioning that Bitunix also provides a variety of trading services and products to help users trade more easily when investing in cryptocurrency markets with real-time market data, technical analysis tools, and advanced order types, meeting the requirements for users of different levels.
Cryptocurrencies Offered on Bitunix
The number of pairs in spot trading is usually a factor for traders to consider the platform. Bitunix supports over 150 trading pairs for users to trade. It's simple and easy to trade the following digital assets and much more that interest you. Bitunix supports most of the major and popular coins on the market today, including Bitcoin ($BTC), Ethereum ($ETH), Aptos ($APT), Arbitrum ($ARB), Mask Network ($MASK), Dogecoin (DOGE), SpaceID ($ID), Apecoin ($APE), Solana ($SOL), Lido DAO ($LDO), etc
Perpetual Futures Trading
As a derivative exchange, Bitunix offers perpetual futures trading with up to 125x leverage. Perpetual futures trading is one of the most popular crypto derivatives among traders. Compared to the delivery futures or options in the traditional finance market, perpetual futures have no delivery date, allowing traders to hold their positions as long as they want to. In addition, leverage allows traders to increase their return with a relatively small margin.
Trade on the Go
Currently, Bitunix is available on the iOS App Store and Google Play Store for mobile devices. With the app, users can deposit or withdraw cryptocurrencies, buy or sell in spot trading, open or close positions in perpetual futures trading etc., anytime and anywhere.
Fees on Bitunix Exchange
A maker-taker model is used in Bitunix spot trading and futures trading fees. Taker means an order takes liquidity away from the exchange, in that case, they're charged a taker fee. On the contrary, if an order adds more liquidity to the exchange, users are charged a maker fee. After your order is filled on Bitunix, you can check if you are the taker or the maker. Bitunix also charges a withdrawal fee when you are withdrawing from the exchange. The withdrawal fee varies based on the network you use and the cryptos you are withdrawing. For more details about trading and withdrawal fees, you can refer to Bitunix's website here.
Is Bitunix Exchange Safe and Regulated?
Founded in 2021, Bitunix has become a reliable and regulated cryptocurrency exchange offering more than 150 trading pairs for digital assets. Bitunix is also compliant with all applicable Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Furthermore, Bitunix exchange enables users to use multi-factor authentication to secure the accounts from any unauthorized access. Secure measures are also taken on its server and its wallet to ensure users' accounts and funds are safe at all levels. In this way, users can always trade their favorite cryptos without worrying too much. To embrace the global operation, Bitunix exchange has already obtained the MSB licence in the US in November 2022, as well as the SEC compliance licence in the Philippines in February 2023. and the licences in Seychelles, Estonia, Australia and other countries are under urgent application.
Bitunix Review: Conclusion
Bitunix crypto exchange is a platform for trading coins and tokens with basic spot trading and perpetual swaps trading at an affordable fee rate. One of the concerning things about Bitunix is that it's a relatively new exchange built in a market that is gradually recovering. There is still uncertainty about how the exchange will upgrade its products and services to prepare for the intense crypto market environment. Bitunix derivative exchange would be a great choice for you if you are:
- A rookie that is new to crypto trading and looking for tutorials
- A veteran with experience in trading or investing cryptos on different platforms
- An altcoin hunter seeking various trading pairs
- A trader who dares to challenge and is trying to increase returns with high leverage
About Bitunix
Founded in November 2021, the professional crypto derivative exchange Bitunix has developed steadily, as it became a U.S. MSB registrant in late 2022 and received the SEC compliance license in the Philippines in February 2023. Then it officially received $10 million in funding to fully open its global market business, with offices established in Dubai. Bitunix is now expanding its team to Latin America, Asia, and Africa, as well as Turkey, Russia, and other regions where the cryptocurrency market is growing rapidly. Bitunix aims to provide a better product experience for millions of users, aiming to become the safest crypto derivatives exchange for users. 2023 will be a year of significant transformation for Bitunix.
Source :Bitunix
This article was originally published by IssueWire. Read the original article here.
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