Bitunix is a relatively new centralized crypto trading platform. And despite being only two years old in the game, Bitunix has already made a big name. The platform has quickly become a favorite among novice and seasoned traders.
First, Bitunix has been highly rated by crypto experts and accredited by several trusted companies in the crypto industry. Also, it has a wide range of features that give new and experienced users a more accessible and secure way to trade cryptocurrencies.
And with all the hype around Bitunix, we decided to do a Bitunix review about the platform and give honest feedback based on its features, reliability, and customer satisfaction. So, please stick to the end to know more about Bitunix and whether it is an excellent choice for your trading needs.
Bitunix at a Glance: Key Takeaways
- Trading Fees:
- Spot: 0.08% Maker, 0.1% Taker (excluding discount)
- Futures: 0.02% Maker, 0.06 Taker (excluding discount)
- Welcome Bonus: 5500 USDT
- Lifetime Discount: 10% spot and futures trading fee discount
- Reserve Fund: 1:1 against user holdings
- Users: Over 1,3 million users worldwide
- Available Trading Pairs: 150+ Trading Pairs
- Mobile App: Available on Android and iOS
- Customer Service: Email, Live Chat and Phone
- Restricted Countries: US, Syria, North Korea, Sudan
What is Bitunix?
Simply, Bitunix is a crypto derivatives exchange founded by Aaron Lee in 2021. Aaron Lee is currently COO at Bright Beacon Technology Co. And was Co-Founder at ChainVC. The exchange has a headquarter in Dubai, but also some global offices in Hong Kong, Japan, UK and Singapore.
Bitunix currently provides trading features, investment opportunities, crypto products, and learning resources to millions, if not billions, of users across 70 countries.
Besides the basic trading services, Bitunix offers a wider range of tools and products that enhance the user’s trading experience. That includes technical analysis tools, real-time market data, and multiple advanced order types.
You will also get access to hundreds of tokens and trading pairs that will help you expand your crypto portfolio. We’ve seen Bitunix popping up on different crypto market cap websites. So, if you want to venture into cryptocurrency trading, Bitunix is definitely a great place to start.
Bitunix is a cryptocurrency exchange available as a web platform and mobile app. Although new, Bitunix has become a reliable spot and derivatives trading platform. You get up to 125X leverage on your perpetual futures trading contracts.
Perpetual futures trading is one of the most popular derivatives trading among crypto traders. That’s because it allows traders to hold their positions longer, and even better, the leverage enables traders to get high returns with a small margin.
Also, the platform allows you to buy, sell, and store your cryptocurrencies. Besides that, you get access to multiple passive income avenues. For instance, the referral bonus system allows you to earn up to 40% commission when you invite new users to open an account on the site.
Bitunix Pros and Cons
- The platform has low trading fees, but not really lower than Bybit or Bitget.
- You get access to diverse trading opportunities, including spot and derivatives trading.
- Easy to navigate and user-friendly interface.
- The platform is compliant with AML measures and the SEC.
- High marketing budget and a lot of crypto deals.
- It has lucrative bonuses and promotional offers.
- You must deposit a minimum of $10 to start trading.
- Fewer trading options compared to more established exchanges.
- Founded in 2021, so relatively new and has to prove it’s safety.
- No user protection fund.
- Not a lot trading pairs compared to other exchanges.
Bitunix Licenses and Security
Bitunix is a regulated cryptocurrency exchange that has been licensed to operate globally. It has an United States MSB license and is compliant with the Philippines SEC. The Bitunix team is also working towards acquiring licenses in United States, Canada, Lithuania, Poland, Australia, Seychelles, Australia, and Estonia.
On top of that, Bitunix complies with all the KYC and AML regulations. In addition, the platform ensures users integrate 2-factor authentication for an additional layer of security. That prevents user accounts from unauthorized access.
The platform also has established state-of-the-art security measures to secure the server and user’s wallets. They conduct regular security audits and penetration tests. They identify and mitigate any potential weaknesses that hackers could exploit. You won’t ever have to worry about the security of your assets if you store them on Bitunix.
Bitunix offers an accessible entry point for traders looking to engage in crypto-to-crypto trading. The platform has many trading pairs, but not as many as for example Bybit.
Also, you get access to a user-friendly interface that simplifies buying and selling crypto. On top of that, the spot trading portal is equipped with live chat support and advanced trading indicators that improve the trading experience and help users make more informed decisions.
Spot trading fee
The table below shows the spot trading fees excluding the 10% Bitunix referral code discount.
|VIP Level||Spot trading volume (30d in USDT)||or||Futures trading volume (30d in USDT)||or||Balance(USDT)||Spot Trading Fee (maker/taker)|
|VIP 0||1,000,000.00||or||< 10,000,000.00||or||< 100,000.00||0.0800% /0.1000%|
|VIP 1||1,000,000.00||or||≥ 10,000,000.00||or||≥ 100,000.00||0.0750% /0.0950%|
|VIP 2||5,000,000.00||or||≥ 50,000,000.00||or||≥ 200,000.00||0.0700% /0.0900%|
|VIP 3||10,000,000.00||or||≥ 100,000,000.00||or||≥ 500,000.00||0.0650% /0.0850%|
|VIP 4||30,000,000.00||or||≥ 300,000,000.00||or||≥ 1,000,000.00||0.0600% /0.0800%|
|VIP 5||50,000,000.00||or||≥ 500,000,000.00||or||≥ 2,000,000.00||0.0550% /0.0750%|
|VIP 6||100,000,000.00||or||≥ 1,000,000,000.00||or||≥ 5,000,000.00||0.0500% /0.0700%|
Bitunix exclusively offers USDT-margined perpetual futures as their sole derivative trading product. To get started, you must first transfer funds from your spot wallet to your futures wallet. After that, access the derivative category and select ‘Futures.’
You can pick your preferred trading pair from over 50 USDT-margined contract pairs on the left side of the trading portal. You can customize your trade further by selecting your preferred margin mode and leverage level.
The best part is that the platform offers up to 125X leverage and supports hedge mode. You even have the option to place limit orders, take profit and stop loss orders, market orders, and plan orders. Moreover, Bitunix offers cross-margin and isolated margin modes, allowing you to optimize your capital.
Derivative Trading fees
The fees below do not include the 10% fee discount.
|VIP Level||Spot trading volume (30d in USDT)||or||Futures trading volume (30d in USDT)||or||Balance(USDT)||Futures Trading Fees(maker/taker)|
|VIP 0||1,000,000.00||or||< 10,000,000.00||or||< 100,000.00||0.0200% /0.0600%|
|VIP 1||1,000,000.00||or||≥ 10,000,000.00||or||≥ 100,000.00||0.0175% /0.0550%|
|VIP 2||5,000,000.00||or||≥ 50,000,000.00||or||≥ 200,000.00||0.0150% /0.0500%|
|VIP 3||10,000,000.00||or||≥ 100,000,000.00||or||≥ 500,000.00||0.0125% /0.0450%|
|VIP 4||30,000,000.00||or||≥ 300,000,000.00||or||≥ 1,000,000.00||0.0100% /0.0400%|
|VIP 5||50,000,000.00||or||≥ 500,000,000.00||or||≥ 2,000,000.00||0.0090% /0.0350%|
|VIP 6||100,000,000.00||or||≥ 1,000,000,000.00||or||≥ 5,000,000.00||0.0080% /0.0300%|
For Bitcoin withdrawals, you pay a withdrawal fee of 0.0005 BTC. On the other hand, you pay a fee of 0.08% as the maker and 0.1% as a taker. On top of that, you will pay network fees and fixed crypto trading fees.
Bitunix Welcome Bonus and 10% discount
Besides trading products, there are other ways to make extra income on Bitunix passively. For instance, the referral bonus system allows you to earn a commission of up to 40% when you invite new people to open an account on the platform.
Bitunix 10% discount
We made a special deal with Bitunix to share 10% of the 40% commission with our readers. This will result in a 10% discount on spot and futures trading. This discount is on top of all the trading fee you see, no matter how high your VIP Level is.
The discount will be paid back into your account as a cashback. If you pay $100 in fees, you will get $10 credited into your account.
Bitunix welcome bonus
Also, just by being a new user on the platform, you can earn up to $5,500 in bonuses. You first get a $200 signup bonus, then an extra $5000 as you make deposits on the exchange. And as a new user, you can earn up to $300 when you start trading on the platform.
Furthermore, completing tasks can make more money on the Bitunix reward center. The more demanding a task is, the higher the reward. For instance, you can be asked to deposit funds and complete futures trading on the platform—the more you Deposit, the higher the reward.
Alternatively, you can be asked to invite friends to the platform and trade in teams. Teams with the highest trading volume can earn up to 1000 USDT in rewards.
Payments and Withdrawal Options
Bitunix supports several payment methods that make the Deposit of funds to the platform smooth. You can use credit/debit cards, Bank Transfers and Apple Pay to purchase crypto in fiat currencies like USD, THB, IDR, VND, EUR, JPY, GBP, HKD, TWD, CAD, PHP, BRL and MXN. Fiat withdrawals are not supported (yet).
You can also deposit your crypto assets from your other wallets using major blockchain wallets. All deposits to the platform are free.
To withdraw your funds, you will need to match your network with that of Bitunix. Bitunix supports all major networks, but keep in mind that withdrawals are not free. You must pay for the network cost to transfer funds from your Bitunix wallet to 3rd party wallet.
The fees may vary depending on the network capacity.
How to Sign Up on Bitunix?
Signing up and creating an account on Bitunix is a straightforward process that will take barely 2 minutes, whether using the web browser or mobile app.
To get started:
- Go to your browse and open https://www.bitunix.com/
- On the top right corner of your homepage, you will see the signup button
- Click on it and pick your country/region
- Enter your email address and password
- Enter the Referral Code: 9h8m9231
- You will receive a confirmation code in your email. Enter it to verify the authenticity of your account.
Now, there you have it! You’ve successfully opened an account on Bitunix.
After that, you have to complete your KYC process. You must undergo two verification processes, one primary and another more advanced. Submit the following for the Bitunix team to review:
- Your Government Identification Card
- Proof of address
- A picture holding your ID and a paper written Bitunix on it
Conclusion Bitunix Review
The fees at Bitunix are very competitive with the 10% fee discount. They are relatively new, so it could be a way to attract new customers (and raise the prices later).
Security looks good, but they haven’t been really tested like Binance and Bybit.
Crypto and contract offer is very basic and is only a fraction of the competition.
Regulation looks pretty good and seems to be the focus.
- Bitunix at a Glance: Key Takeaways
- What is Bitunix?
- Bitunix Pros and Cons
- Bitunix Licenses and Security
- Spot trading
- Derivative Trading
- Bitunix Welcome Bonus and 10% discount
- Payments and Withdrawal Options
- How to Sign Up on Bitunix?
Yes! To start trading on Bitunix, you must deposit at least $10 on the platform.
Absolutely! Bitunix has set high-end security measures to ensure you can safely trade and store your digital assets on the platform. That includes AML measures, KYC, 2 FA, and regular auditing.
No! You cannot trade on Bitunix if you are in the US. Also, Bitunix is unavailable to investors in North Korea, Sudan, and Syria.
Withdrawals from Bitunix will take 5-30 minutes, depending on the status of the network you choose. It’s dependent on how long it takes the block to be confirmed on the blockchain.
Yes, you can store your Bitcoin on Bitunix. The platform is very secure! You don’t have to worry about hack attacks or authorized access to your account. Bitunix employs two-factor authentication and undergoes routine checks to ensure the platform and its servers are secure.
Yes! Bitunix is an excellent crypto exchange for beginners. That’s because you require very little technical knowledge to navigate the platform. As long as you have access to the internet, you can access Bitunix, create an account, and start trading.