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 Illustration of two melting coins with the Bitcoin symbol, surrounded by candlestick chart elements on a black grid background. Text reads: What is Liquidation Price in Crypto, highlighting how volatile markets affect your liquidation price.

What Is The Liquidation Price in Crypto

Published on July 10, 2024 • 411 views
Bitunix Two stylized dice with margin trading crypto symbols, candlestick charts, and arrows, set against a dark grid background. Text reads Crypto Margin Trading Ultimate Guide with neon green and white accents.

Crypto Margin Trading: Ultimate Guide

Published on July 8, 2024 • 475 views
Bitunix A graphic with floating crypto coins and candlestick charts, asking What is Mark Price vs Market Price in Crypto? and What it means? on a dark grid background with green and pink accents.

What is Market Price In Crypto

Published on July 2, 2024 • 204 views
Bitunix A smartphone screen displays a cryptocurrency trading interface for BTC/USDT, showing price charts and order options. Floating Bitcoin and Tether icons surround the phone. The text below reads, “How to Set Up and Modify Take Profit and Stop Loss on Bitunix?”.

How to Set Up and Modify Take Profit and Stop Loss on Bitunix

Published on June 25, 2024 • 603 views
Bitunix A seesaw with a Tether (USDT) symbol on the left and a Bitcoin symbol on the right visually represents Margin Interest Rates. Text below reads: Margin Interest Rates - Finally Explained.

The Beginner’s Guide to Margin Interest Rates in Crypto

Published on June 21, 2024 • 336 views
Bitunix Illustration of a hand holding a ruler beside green candlestick charts and Bitcoin coins on a dark grid background. Text reads Profit and Stop Loss - Beginners Guide.

Take Profit and Stop Loss: A Beginner’s Guide

Published on June 14, 2024 • 260 views
Bitunix Illustration of a green wallet with credit cards, Bitcoin and Tether coins, plus buy/sell buttons, highlighting Spot & Futures Trading. Text below reads Crypto Spot & Futures Trading – Key Differences.

Crypto Spot & Futures Trading: Key Differences

Published on June 11, 2024 • 420 views
Bitunix Infographic titled “What’s the Difference?” compares Proof of Work vs Proof of Stake, featuring a computer and worker icon on the left and a hand holding coins on the right, set against a black grid background.

Proof of Work vs Proof of Stake: What’s the Difference?

Published on May 7, 2024 • 167 views
Bitunix A person stands next to a large smartphone displaying a KYC login screen, with the text What does KYC Mean in Crypto? in white and green letters on a black grid background with Bitcoin symbols.

What Does KYC Mean in Crypto? Know It All!

Published on May 1, 2024 • 248 views
Bitunix Two illustrated people pull apart a large, cracked Bitcoin coin under the text: What is Bitcoin Halving? How it Works & Why it Matters? on a black grid background with small Bitcoin halving icons.

What Is Bitcoin Halving? How It Works & Why It Matters

Published on April 30, 2024 • 154 views
Bitunix A graphic with green cubes connected in a circle, each displaying blockchain-related icons, over a black grid background. Text reads: Blockchain 101 The Ultimate Blockchain Guide in bold white and green font.

The Ultimate Guide to Blockchain 101

Published on April 28, 2024 • 152 views
Bitunix A digital graphic with the text Types of Crypto Wallets Explained above a green pie chart and cryptocurrency icons, including Bitcoin, Litecoin, Ripple, and Ethereum crypto wallets, on a black grid background.

Types of Crypto Wallets Explained

Published on April 28, 2024 • 234 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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