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 Digital assets can only be withdrawn to wallets.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

What is Market Price In Crypto

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For the past decade, a new way to make payments has evolved, cryptocurrencies with Bitcoin being the largest one. Modelling and understanding the market behaviours of these currencies is essential to those who decide to invest in this new asset. Cryptocurrencies are also used to do transactions between users which makes the stability of the […]

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

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Cryptocurrency trading is highly volatile, and prices can move dramatically in minutes. To manage this risk and secure profits, traders use two essential tools: take profit (TP) orders and stop loss (SL) orders. These automated instructions allow you to set clear exit points, reducing emotional trading and ensuring more consistent strategies. This guide explains what […]

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 Explained for Crypto Traders | Page 38 | Bitunix

Take Profit and Stop Loss: A Beginner’s Guide for Crypto Trading

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Learn what take profit and stop loss mean in crypto trading, how TP/SL orders work, how to calculate risk-reward, and how to set TP/SL on Bitunix.

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 38 | Bitunix

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

May 7, 2024

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!

May 1, 2024

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

April 30, 2024

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 […]