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 Digital assets can only be withdrawn to wallets.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.

Bitunix Crypto Blog | Web3 Guides, Trading News & Insights

How to Use Liquidation Price For Better Trading | Bitunix | Page 35 | Bitunix

How to Use Liquidation Price For Better Trading Strategy?

August 26, 2024

In leveraged crypto trading, one of the most important concepts to understand is the liquidation price. This is the price level at which your position will be forcibly closed by the exchange to protect borrowed funds. If you ignore liquidation levels, even a small market move can wipe out your position. For traders on Bitunix […]

SuperRare (RARE) token – What Is It?

August 20, 2024

RARE is the native token of the most esteemed digital marketplace –SuperRare. Built in 2018, the NFT artwork showcases only the most elite and collectible worthy that are listed and minted by the creators. The platform is home to some of the most eminent brands and artists from around the globe. The platform is solely […]

GM.AI: The Solana AI Crypto on The Block

August 15, 2024

AI is moving at the speed of light and it has found ground in blockchain. Amongst emerging AI solutions in Web3, GM.AI is sweeping the attention with the very first multi agent LLM designed for Solana blockchain and also the platform’s native token just went live on some notable exchanges. In this article, we will […]

What are the Different Order Types in Crypto?

August 12, 2024

Trading cryptocurrencies successfully requires more than simply deciding when to buy or sell. The way you place your order determines how the trade is executed, the price you get, and the risk you carry. These instructions to the exchange are called crypto order types, and understanding them is one of the foundations of becoming a […]

Market Orders, Limit Orders, and Stop Orders | Bitunix | Page 35 | Bitunix

Understanding Market Orders, Limit Orders, and Stop Orders

July 18, 2024

In crypto trading, one of the first things beginners encounter is the order book—a list of buy and sell orders waiting to be executed. To interact with this order book, traders use different types of orders such as market orders, limit orders, and stop orders. Each order type works differently and has its advantages, disadvantages, […]

Margin Trading: How to Trade Crypto with Leverage

July 16, 2024

In this article, we examine the idea of margin trading cryptocurrency, focusing on Bitcoin and other digital assets. We will also cover how you can apply leverage trading in a way that aligns with your trading goals. Margin trading allows traders to manage a large amount of crypto assets with only a small initial deposit […]

Understanding Crypto Funding Rate: Full Guide

July 15, 2024

What is the Funding Rate in Crypto? The funding rate in crypto is a recurring payment exchanged between long and short traders in perpetual futures contracts. It is designed to keep the contract price aligned with the spot price of the underlying asset. When the perpetual contract trades at a premium to the spot price, […]

What Are the Mark Price and Last Price?

July 11, 2024

Mark Price represents the current market value of the asset underlying a futures contract. It is a calculated value used to determine margin requirements and liquidation levels, reducing the risk of manipulation and ensuring fair valuation. while Last Price, is the most recent transaction price of a futures contract, reflecting the exact price at which […]

What Is The Liquidation Price in Crypto

July 10, 2024

In crypto trading, Bitunix has implemented an advanced liquidation mechanism for futures positions, aiming to provide a more secure and transparent trading environment. This new system addresses key aspects of liquidation criteria, estimated liquidation prices, and the rationale behind liquidation before reaching the estimated Liquidation price, ensuring traders understand the risks involved. What is the […]

Crypto Margin Trading: Ultimate Guide

July 8, 2024

Crypto trading has grown significantly in the past decade, and one of the advanced methods that traders use to maximize potential profits is margin trading. What is crypto margin trading? It allows traders to borrow funds from an exchange to open positions larger than their own capital would normally permit. While this can magnify gains, […]