Beginner’s Guides

Learn the basics of cryptocurrency trading with Bitunix. Step-by-step guides covering wallet setup, how to buy crypto, understanding leverage, and getting started on the Bitunix exchange.

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Bitunix A digital illustration shows a balance scale with a money bag on one side and a Bitcoin symbol on the other, highlighting maintenance margin. Candlestick chart symbols and the text What Is Maintenance Margin In Crypto Trading? are displayed.

What Is Maintenance Margin In Crypto Trading?

Published on October 7, 2024 • 433 views
Bitunix A graphic showing green candlestick chart bars, cryptocurrency icons (Bitcoin and Ethereum), and the text Long Position in Crypto: Definition and Example on a dark background, visually illustrating what a long position means in crypto trading.

Long Position in Crypto: Definition and Example

Published on October 4, 2024 • 144 views
Bitunix An illustration featuring candlesticks, rising 3D bars, and stacked coins titled Reduce-Only Order in Crypto Trading: A Comprehensive Guide, visually explaining the concept of a reduce-only order on a dark grid background.

Reduce-Only Order in Crypto Trading: A Comprehensive Guide

Published on September 26, 2024 • 414 views
Bitunix An illustration of two hands holding coins with Bitcoin and Tether logos, symbolizing nominal value. Text below reads Nominal Value: 101 Guide, Overview & Examples on a dark grid background with green accents.

Nominal Value: 101 Guide – Overview & Examples

Published on September 12, 2024 • 313 views
Bitunix A hand holding several paper bills surrounded by floating money, with the text Short Selling: Ultimate Guide For Beginners on a dark background, emphasizing the essentials of short selling for new investors.

Short Selling: Ultimate Guide For Beginners

Published on September 2, 2024 • 182 views
Bitunix A graphic shows a balance scale with a Bitcoin symbol on the left and a Tether (USDT) symbol on the right. Below, text highlights USDT-M and COIN-M futures differences on a dark background.

What is the difference between USDT-M and COIN-M futures?

Published on August 27, 2024 • 425 views
Bitunix An illustration of a trading interface with three green buttons labeled Market, Limit, and Stop below a candlestick chart, surrounded by floating candlestick icons. Text reads: What are the different order types in crypto?.

What are the Different Order Types in Crypto?

Published on August 12, 2024 • 683 views
Bitunix An illustration of a computer monitor displaying a candlestick chart, with Bitcoin and Tether symbols beside it. Text below reads: Market Orders, Limit Orders, Stop Limit Orders? How to trade?.

Understanding Market Orders, Limit Orders, and Stop Orders

Published on July 18, 2024 • 375 views
Bitunix A digital graphic shows green candlestick charts with BUY and SELL speech bubbles, Bitcoin and Ethereum icons, and the text Margin Trading Crypto: How to use Margin Trading to trade Crypto with Leverage on a dark grid background.

Margin Trading: How to Trade Crypto with Leverage

Published on July 16, 2024 • 472 views
Bitunix An illustration of a person holding a coin next to a large jar filled with money, surrounded by finance icons. Text below reads, “What is the Funding Rate? Full Guide to understanding funding rates.”.

Understanding Crypto Funding Rate: Full Guide

Published on July 15, 2024 • 753 views
Bitunix An illustration of a balanced scale with money bags on each side. Text below reads, “What Is the Difference Between Mark Price and Last Price?” The design uses green and black tones with floating coin icons.

What Are the Mark Price and Last Price?

Published on July 11, 2024 • 212 views
FAQ

Frequently Asked Questions

Find quick answers to common questions about Bitunix accounts, fees, deposits, withdrawals, and contract trading.

How to calculate the handling fee?

Handling fees can be found here: View handling fee details.

How to increase my daily withdrawal limit?

If you need a higher daily withdrawal limit, after obtaining KYC2 Advanced ID Verification, submit a ticket providing the following information: your Bitunix UID, the name of the currency you want to increase the withdrawal limit of, and your desired limit.

Does Bitunix have official Telegram groups and official Twitter accounts?

Bitunix official Telegram group: Join Telegram

Bitunix official Twitter account: Visit X / Twitter

Feel free to start a live chat with our customer service agents, submit a ticket, or email us whenever you have questions.

It says the phone number was already taken when I tried to link my phone number to my account. Why?

One phone number can only be linked to one account or used as username. If the phone number is not linked to your own Bitunix account, link another phone number that also belongs to you. If the phone number is linked to your own Bitunix account, you need to unlink it from that account first.

How to deposit funds?

Go to "Wallet" - "Deposit" on the Bitunix website. Follow the instructions and provide the required information. Then transfer the funds to the deposit address.

How to withdraw funds?

Go to "Wallet" - "Withdraw" on the Bitunix website. Follow the instructions and provide the required information. Digital assets can only be withdrawn to wallets. Make sure the recipient address is correct before transferring assets.

Funds are not arriving after deposit. Why?

Please check the blockchain records first to make sure that the funds were successfully sent. Then check whether the deposit address is correct. If both are correct but the funds are still not arriving, contact support and provide your UID, deposited currency, amount, time, and TXID.

Funds are not arriving after withdrawal. Why?

Copy the TXID of the withdrawal in "Recent Withdrawals". Check whether the funds were sent successfully in blockchain records using the TXID. If the funds were successfully sent but still have not arrived, contact the recipient platform or wallet. If there is no blockchain record, contact Bitunix customer service.

Is the leverage ratio in contract trading directly related to the final profit?

The PNL of the contract is calculated by the number of positions. The leverage ratio determines the number of positions opened. The higher the leverage ratio, the lower the cost. The more positions opened, the easier it is for forced liquidation to be triggered.

How to calculate the reward ratio of contract trading?

Reward ratio of contract trading = Unrealized PNL (USD) / Margin * 100%.

What will happen to a position in contract cross margin mode when the other position has been forced to liquidate?

In cross margin mode, if one position is liquidated while the other position is still profitable, the unrealized PNL of the profitable position can be used as margin. As a result, the margin of the other position will be reduced, and the liquidation price will also change.

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