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 Digital assets can only be withdrawn to wallets.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

The Beginner’s Guide to Margin Interest Rates in Crypto

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Margin trading is one of the most widely used methods in crypto because it allows traders to borrow funds to amplify their position size. With margin trading, you can control a position larger than your own capital. The tradeoff is cost, which comes in the form of margin interest rates. These rates, often called margin […]

Take Profit and Stop Loss: A Beginner’s Guide

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Cryptocurrency trading is exciting, fast-moving, and often unpredictable. Prices can swing by several percent in minutes. Without clear planning, this volatility can wipe out gains or lead to heavy losses. To manage these risks, traders use two essential tools: take profit (TP) and stop loss (SL). These are not magical buttons that guarantee success, but […]

Crypto Spot & Futures Trading: Key Differences

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It is not a thing to be surprised that cryptocurrency trading has revolutionized the financial world, offering new opportunities for traders and investors alike. Two of the most popular trading methods in the crypto market are spot and futures trading. Both have their unique characteristics, benefits, and risks involved. And for you to be profitable […]

Proof of Work vs Proof of Stake: Main Differences? | Bitunix | Page 35 | Bitunix

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

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The crypto mechanisms that secure and validate transactions are crucial for the stability and trustworthiness of any digital currency. Two of the most popular consensus mechanisms employed today are Proof of Work (PoW) and Proof of Stake (PoS). Let’s speak about Proof of Work vs Proof of Stake. While both serve the fundamental purpose of […]

What Does KYC Mean in Crypto? Know It All!

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There are many cryptocurrency-related terms and phrases that might seem confusing at first. One such important term you’ll come across is “KYC,” which stands for “Know Your Customer.” This is a process used by businesses, especially those dealing with money, to make sure they know who their customers are. When it comes to the crypto […]

Crypto Trading: Spot vs Derivatives!

April 30, 2024

Newcomers typically find them in no man’s land when they enter the fast-paced world of crypto trading. It’s mostly a hard nut to crack for most of the rookie investors. It takes them time and research, sometimes losses too before they get the hang of things in the crypto world. Among the various types of […]

What Are Smart Contract Wallets? Know It All!

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The crypto industry never fails to amaze everyone. Whenever you think there is no more room for innovation, something enthrals the present from the future. Blockchain is all about unprecedented technological wonders and smart contract wallets are no exception. Far from your garden-variety cryptocurrency wallets, these devices act more like advanced gatekeepers of your digital […]

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

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If you’ve been around the cryptocurrency block, you’ve likely heard the term “Bitcoin halving.” It sounds like a complex financial concept, but it’s actually a fundamental part of how Bitcoin operates. In this article, we’ll explain what Bitcoin halving is, how it works, and why it’s a big deal for investors, miners, and the general […]

The Ultimate Guide to Blockchain 101

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Blockchain technology has caught many by surprise in recent years. Generally associated with cryptocurrencies like Bitcoin and Ethereum, blockchain technology is a lot more than what meets the eye. It has emerged as a revolutionary force in various sectors by offering a decentralized digital ledger that records transactions across multiple computers. This ensures that the […]

Types of Crypto Wallets Explained

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One fundamental aspect in the Web3 sector that every crypto enthusiast, investor, or trader must grasp is the concept of crypto wallets. These digital containers play a crucial role in managing, storing, and transacting with cryptocurrencies securely. In this guide, we’ll detail the various types of crypto wallets and how they work, allowing you to […]