Bitunix is a cryptocurrency platform with +300 tradable coins and leverage up to 125x in its futures markets. Spot trading fees on the platform range from 0.08% to 0.01%, depending on the trading volume or balance.
Bitunix Information + Regulation
The exchange, officially known as Bitunix Innovation Limited, is a cryptocurrency exchange registered in St. Vincent and the Grenadines.
Let's discuss the key points:
- Founded: November 2021;
- Official Launch: October 2022;
- User Base: Over 600,000 registered users;
- Daily Trading Volume: Exceeding $1 billion;
- Licenses: US Money Services Business (MSB), Canada Money Services Business, and Philippines Virtual Asset Service Provider (VASP).
Key Details and Specifications
In this section, we will provide a table with the exchange's notable features:
Exchange | Bitunix |
Launch Date | 2021 |
Levels | Unverified, Basic, Advanced |
Trading Fees | 0.01% to 0.08% |
Restricted Countries | Mainland China, Cuba, North Korea |
Supported Coins | +300 |
Futures Trading | Yes |
Minimum Deposit | $10 |
Deposit Methods | Crypto |
Withdrawal Methods | Crypto |
Maximum Leverage | 125x |
Minimum Trade Amount | 0.00005 BTC for Spot Trading Varies for Futures |
Security Factors | Reserve Funds Exceeding 1:1 Ratio |
Services | Copy Trading |
Customer Support Ways | Email, Live Chat, Ticket |
Customer Support Hours | 24/7 |
Fiat Deposit | No |
Affiliate Program | Yes |
Orders Execution | N/A |
Native Token | N/A |
Bitunix User Levels Structure
The platform employs a tiered user level structure for verified users and their access to features, etc.
We will investigate each level in the table below:
User Level | Requirements | Daily Withdrawal Limit (USDT) | Operational Events and Activities |
Unverified | N/A | 1,000,000 | N/A |
Basic Verification (Lv1 KYC) | Personal Information + Proof of Identity | 3,000,000 | Selected Events and Activities |
Advanced Verification (Lv2 KYC) | Basic + Proof of Address | 10,000,000 | More Exclusive Campaigns |
Trading Commissions and Other Platform Costs
Understanding the fee structure is crucial for any trader to estimate the overall costs. Bitunix enables discounts on the trading fees for high-volume and/or high balance traders, similar to many other exchanges.
Here's the table for the spot pricing:
VIP Level | 30-day Spot Volume (USDT) | or | 30-day Futures Volume (USDT) | or | Balance (USDT) | Spot Fees | |
Maker | Taker | ||||||
VIP 0 | 0 | / | 0 | / | 0 | 0.08% | 0.1% |
VIP 1 | 100K+ | 1M+ | 1K+ | 0.07% | 0.07% | ||
VIP 2 | 500K+ | 5M+ | 10K+ | 0.06% | 0.06% | ||
VIP 3 | 800K+ | 8M+ | 50K+ | 0.035% | 0.035% | ||
VIP 4 | 2M+ | 20M+ | 200K+ | 0.02% | 0.02% | ||
VIP 5 | 4M+ | 50M+ | 1M+ | 0.015% | 0.015% | ||
VIP 6 | 6M+ | 100M+ | 2M+ | 0.0125% | 0.0125% | ||
VIP 7 | 8M+ | 200M+ | 3M+ | 0.01% | 0.01% | ||
You can see the table for futures trading fees below:
VIP Level | 30-day Spot Volume (USDT) | or | 30-day Futures Volume (USDT) | or | Balance (USDT) | Futures Fees | |
Maker | Taker | ||||||
VIP 0 | 0 | / | 0 | / | 0 | 0.02% | 0.06% |
VIP 1 | 100K+ | 1M+ | 1K+ | 0.02% | 0.05% | ||
VIP 2 | 500K+ | 5M+ | 10K+ | 0.016% | 0.05% | ||
VIP 3 | 800K+ | 8M+ | 50K+ | 0.014% | 0.04% | ||
VIP 4 | 2M+ | 20M+ | 200K+ | 0.012% | 0.0375% | ||
VIP 5 | 4M+ | 50M+ | 1M+ | 0.01% | 0.035% | ||
VIP 6 | 6M+ | 100M+ | 2M+ | 0.008% | 0.0315% | ||
VIP 7 | 8M+ | 200M+ | 3M+ | 0.006% | 0.03% | ||
There are no deposit fees of any kind on the exchange; however, a withdrawal fee is charged, depending on the used blockchain.
Available Digital Assets on Bitunix
The company provides a typical number of assets in the cryptocurrency industry, offering more than 300 coins/tokens. Here are some of the notable ones:
- Bitcoin [BTC];
- Ethereum [ETH];
- Litecoin [LTC];
- Shiba Inu [SHIB];
- Aptos [APT];
- Avalanche [AVAX];
- Dogecoin [DOGE];
- Syntax [SNX].
Futures Trading Specifications
Bitunix provides futures trading on its platform for most of its available assets. The platform enables access to USDT-Margined perpetual futures contracts with Stop Loss/Take Profit options.
Traders usually trade futures contracts to earn more profits (with higher risk) via leverage; Bitunix offers a maximum leverage of 125x.
Registration And Verification On Bitunix Exchange
The account creation process is very quick and simple with this platform. Follow the steps below:
- Visit the official website;
- Click "Sign up" at the top of the page;
- Enter your email/phone number and create a password, or use a Google, Apple, Facebook, or X account to proceed;
- Check the box confirming the statement;
- Provide the code sent to your email/phone number.
Now, your account is created on the platform. For the basic verification (Lv1 KYC), you need to provide personal information and proof of identity.
For the advanced verification (Lv2 KYC), proof of address in addition to the mentioned data and documents is required.
Security Evaluation and Safety Measures in Bitunix
Some crypto exchanges provide a good amount of information about their security measures; Bitunix is different, providing little data in this regard.
As stated on the website, the platform maintains a reserve fund exceeding 1:1 ratio against user funds.
Furthermore, the website's SSL certification was last updated on February 27, 2024 and is valid until the same day on 2025.
The exchange offers two-factor authentication for the safety enhancement of user accounts.
Payment Options: Does Bitunix Accept Fiat Deposits?
The exchange doesn't accept direct fiat deposits on its platform, but provides the options to buy crypto directly with fiat:
- Credit/Debit Card: VISA and MasterCard;
- E-payments: Apple Pay, Volet;
- Bank Transfers.
There is also a crypto transaction option available for depositing and withdrawing digital assets on/from the platform.
Trust Scores and User Ratings
Trust is a very important and critical factor in the cryptocurrency exchange industry, and we usually evaluate a platform's trustworthiness according to reliable sources like CoinGecko and ScamAdivser.
Bitunix has garnered positive scores across relevant websites:
- Trustpilot: 7/5 (based on over 300 reviews);
- ScamAdviser: 100/100 Trustscore, 4.6/5 user reviews;
- CoinGecko: 8/10 trust score.
Are There Any Copy Trading or Investment Features Available on Bitunix?
The platform offers a copy trading feature, which is one of the most popular investment options for earning passive income among crypto exchanges.
It allows users to sort lead traders based on 4 factors [PnL, ROI, Win Rate, AUM] in 7, 30, and 90-day periods.
Final Words
Bitunix provides a copy trading feature with a 10% share of the followers' profits for lead traders. The exchange has received a 4.7/5 score with +300 reviews on the Trustpilot website.
Also, the platform application has a 4.6/5 average rating on Apple App Store.
