Bitunix

What is Bitunix?

Bitunix is a rapidly growing centralized cryptocurrency exchange, founded in November 2021 and officially launched in October 2022, specializing in both spot and derivatives trading. Registered in Saint Vincent and the Grenadines, with operational presence in Singapore and Dubai, Bitunix serves over 2 million registered users across more than 100 countries, boasting a daily trading volume exceeding $5 billion. The platform supports over 700 trading pairs, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Polkadot (DOT), Aave (AAVE), Cardano (ADA), Litecoin (LTC), Binance Coin (BNB), Tether (USDT), Chainlink (LINK), Dogecoin (DOGE), and Shiba Inu (SHIB), making it a versatile choice for diverse trading needs.

Bitunix emphasizes a user-friendly interface, high liquidity, and flexible trading tools, catering to both beginners and professional traders. Its futures trading platform is a standout, offering over 140 USDT-margined perpetual contracts with leverage up to 125x, alongside features like stop-loss and take-profit options. The exchange also supports spot trading for over 300 cryptocurrencies and provides copy trading, allowing less experienced users to mirror the strategies of seasoned traders. Notably, Bitunix does not mandate Know-Your-Customer (KYC) verification for basic trading, appealing to users prioritizing privacy, though KYC is required for fiat-to-crypto purchases via third-party providers.

Security is a core focus, with Bitunix maintaining a reserve fund exceeding a 1:1 ratio against user holdings, utilizing cold wallet management and third-party custodians. The platform employs bank-grade risk controls, two-factor authentication (2FA), and holds a valid SSL certification (updated February 2024, valid until February 2025). Bitunix has secured regulatory licenses, including a U.S. Money Services Business (MSB) license in December 2022 and a Philippines VASP license in early 2023, with ongoing efforts to obtain additional licenses globally. Its 24/7 multilingual customer support has earned praise for responsiveness, though some user reviews highlight issues with withdrawal delays and deposit fee transparency.

Despite its strengths, Bitunix faces challenges. Its relatively recent entry into the market raises questions about long-term reliability compared to established exchanges like Binance or Coinbase. Limited public information about its leadership and security measures beyond reserve claims may concern cautious traders. Additionally, while its no-KYC policy is a draw, it could attract regulatory scrutiny in stricter jurisdictions. Bitunix’s social trading vision—aiming to connect users, projects, and market data in a transparent ecosystem—sets it apart, but its centralized nature means users must trust the platform to manage their funds securely. For traders seeking high-leverage futures, competitive fees, and accessibility, Bitunix is a compelling option, though users should weigh its benefits against its youth and occasional user-reported issues.

What are the trading fees on Bitunix?

Bitunix employs a maker-taker fee model. Spot trading fees start at 0.10% for market takers and 0.08% for makers, decreasing with higher 30-day trading volumes or account balances (as low as 0.01% for high-volume traders). Futures trading fees are 0.06% for market takers and 0.02% for market makers. No deposit fees are charged, but withdrawal fees vary by blockchain. Traders should review the fee schedule on Bitunix’s website for precise rates, as discounts apply for high-volume users.

Does Bitunix offer leverage trading?

Yes, Bitunix offers leverage trading on its futures platform, supporting up to 125x leverage on over 50 USDT-margined perpetual contract pairs, including BTC/USD, ETH/USD, LTC/USD, LINK/USD, XRP/USD, and SOL/USD. Leverage trading is high-risk, with potential for significant losses, and traders should use stop-loss/take-profit tools to manage positions. Eligibility for leverage may vary by region.

Is there a research audit report for Bitunix?

Bitunix does not publicly disclose comprehensive third-party audit reports for its operations or reserves. However, it claims to maintain a reserve fund exceeding a 1:1 ratio with user assets, verified through cold wallet management and third-party custodians. While these measures aim to enhance trust, the lack of detailed, publicly accessible audit reports may concern users seeking full transparency. Traders should monitor Bitunix’s official channels for updates on reserve proofs or audits.

Is Bitunix safe?

While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. It's all based on contract code so you can clearly look at what's behind the scenes, and how their contracts work.

Does Bitunix have customer support?

Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.