Bitunix Review

If you’re looking for an exchange with multilingual support, fast-response live chat, and no overwhelming advanced trading tools, this Bitunix review is just for you. Bitunix is tailored for beginner to intermediate traders who prioritize simplicity, accessibility, and reliable customer support.

However, no platform is complete without its drawbacks. In this review, I’ll cover everything from its core features and Bitunix fees to how it stacks up against crypto exchange giants like Binance, Bybit, and Kraken. Let’s dive in to know if Bitunix is the right platform for your trading needs!

Verdict at a Glance: Bitunix is a good choice for beginners and traders who prioritize simplicity. Its user-friendly platform, coupled with a wide operational reach through licenses and multilingual customer support with fast response times, is what makes it stand out.

Bitunix Review: Quick Overview

Is Bitunix the right cryptocurrency exchange for you? In this Bitunix review, I’ll help you determine if it can be your ideal trading platform. To begin, let's check this quick overview!

Table: Overview of Bitunix features

From the table above, Bitunix seems to stand out for its accessibility, inclusive approach, and licensing. However, to maintain a balanced view, consider exploring alternative platforms before fully committing.

Bitunix Alternatives

Besides the accessibility mentioned above, many user Bitunix reviews praise its responsive customer support, which can be a crucial factor when choosing a crypto exchange. However, customer service isn’t the only consideration, right? Here are some alternatives to check:

• Binance. Known for its diverse trading options, including futures, options, and staking.
• Kraken. A great option for those seeking more earning opportunities through staking and rewards on idle balances.
• Bybit. Ideal for high-volume traders, offering the potential for zero fees, making it the most cost-effective choice.

Check this table to see a side-by-side comparison of Bybit, Binance, and Kraken:

	KRAKEN	BINANCE	BYBIT
Overall Score	9.8	8.1	8.0
Best For	Beginners	Advanced Users & Beginners	More Advanced Users
Operating Countries	United States, Germany, United Kingdom, France, Canada, + 190 more	Turkey, Argentina, Vietnam, Ukraine, + 100 more	South Korea, United Kingdom, Ukraine, Turkey, +160 more
Latest Coupons	Visit Site All Kraken Coupons	SECURE $600 BONUS All Binance Coupons	UP TO $30,000 BONUS All Bybit Coupons
Verdict	One of the best crypto exchanges, especially in the US.	One of the leading crypto exchange platforms in the industry.	A popular crypto derivatives exchange with some super-low trading fees.
	Visit site Read review	See TOP10 Brands Read review	See TOP10 Brands Read review

Table: Comparison of Binance, Kraken, and Bybit

Some people may find the alternatives more appealing because of the comprehensive ecosystem or the potential for higher rewards. However, Bitunix stands out for its simplicity and accessibility, which may resonate more strongly with certain users.

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Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

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Who’s Bitunix For?

While observing user Bitunix reviews, it seems the platform can engage a wide range of users, from beginners to professional traders. However, every exchange has its strengths and ideal audience. After exploring the platform myself, I think Bitunix is likely a good fit for beginners to intermediate traders from a global audience.

Its multilingual support and integration of fiat currencies ensure that neither language barriers nor payment limitations prevent users from accessing its features. Although it’s not the cheapest option in terms of the fee structure, users can still benefit from Bitunix’s competitive pricing.

Considering the aspects above, it appears to be well-suited for:

• Beginners. With step-by-step guidance, multiple sign-in options, fiat currency support, and responsive customer service, Bitunix is tailored for those new to trading.
• Residents of the US and Canada. The answer to the "Is Bitunix available in the US?" is yes! Bitunix provides an alternative for users in these countries who are often restricted by other exchanges.
• Users seeking simplicity. Its multilingual support, fiat currency compatibility, and easy-to-navigate platform make Bitunix an excellent choice for those prioritizing accessibility and ease of use.

Are you one of the above? If so, this Bitunix review can be a valuable resource for you. Meanwhile, those looking for another option can check the alternatives I mentioned as a starting point.

Advantages

After exploring the platform extensively for this Bitunix review, here are the key advantages that I think make Bitunix a standout choice for traders:

• Exclusive mystery box benefits for newcomers;
• Support for various fiat currencies and payment options;
• Easy-to-use interface;
• Multiple trading options for a wide range of cryptocurrencies;
• Multilingual customer support.

One of its standout features you may notice right after signing up is its welcome bonus. Bitunix provides a series of tasks for newly registered users, such as registration and trading tasks. Completing this series enables users to get up to 5,500 USDT worth of benefits.

In addition to the attractive sign-on rewards, users can effortlessly make their first trade thanks to Bitunix’s support for multiple fiat currencies and payment methods. By partnering with trusted payment providers like MoonPay and Volet, Bitunix enables transactions in over 55 currencies using Visa, MasterCard, Apple Pay, and even bank transfers, offering convenience and flexibility.

The convenience extends beyond the variety of payment methods. The Bitunix team provides multiple languages and currency options for the interface. Users can select from 14 languages and choose among 60+ currencies, allowing them to customize their experience for seamless trading.

Talking about the trading experience, Bitunix has a sufficient suite of trading options to cover different user needs for 300+ coins and 300+ trading pairs. Those looking to replicate the strategies of successful traders can access copy trading, while others who want to buy and sell cryptocurrencies at real-time market prices can check the spot trading feature. Meanwhile, traders seeking leveraged opportunities can use the Bitunix futures trading feature.

In case you find any difficulties during any stage of the process, whether it’s registration or trading, Bitunix provides a comprehensive help center. Additionally, you can contact a multilingual live agent for personalized support, available in English, Chinese, and Arabic.

Limitations

I haven’t experienced many hurdles when using the tool, but apparently, some user Bitunix reviews have raised concerns about:

• Pricing ambiguity and account management;
• Regulatory challenges in certain countries;
• A lack of user reviews on the App Store and Google Play.

Regarding pricing transparency, some troubling reports highlight issues such as unexpected fees, unexplained account suspensions, and ambiguous enforcement of terms and conditions.

In addition to these negative testimonials, the absence of reviews on the App Store and Google Play may make prospective users question, “Is Bitunix legit?” and hinder them from downloading the app. User endorsement often serves as a key decision-making factor, so a lack of social proof may discourage potential users from trying it.

Moreover, users in North Korea, Cuba, and Mainland China may face challenges accessing this platform due to various restrictions. These obstacles may stem from local government policies or the platform's compliance with regulatory guidelines. Though, Bitnunix is available in the US, which is one of the more restricted countries where platforms usually don't operate.

Fees and Limits

As you’ve considered the pros and cons in the previous section of my Bitunix review, let’s talk about its fees and limits. Bitunix fees use a tiered leveling system for its users, ranging from VIP 1 to VIP 7, with trading fees that decrease as you progress through higher levels. The system evaluates your level based on specific criteria such as 30-day spot trading volume and your USDT balance.

Here's a table to summarize key details on Bitunix's fees and limits:

Table: The fee and limit structure on Bitunix

Let's get into detail regarding the information I mentioned in the table:

• Free deposit. Bitunix allows users to deposit cryptocurrency into their accounts without any fees, requiring only a minimum deposit of $10.
• Tiered trading fees. Bitunix uses a tiered fee system from VIP 0 to VIP 7, where higher VIP levels enjoy lower fees. Fees also differ based on whether the user is trading in the spot or futures market.
• Dynamic trading limit. When you're about to place an order, whether for spot or futures, the interface shows you maximum leverage for futures, margin requirements, and notional value for your order, which indirectly tells you about size limits based on your account balance and leverage.
• Withdrawal fees. Withdrawal fees depend on the cryptocurrency being withdrawn and the blockchain network, with costs varying due to factors like network congestion.

That’s the essential information about trading fees and limits on Bitunix. It’s crucial to review the fee structure thoroughly, as some user Bitunix reviews have highlighted issues. For example, one found their account suspended when attempting to withdraw, and another user reported a lack of transparency with deposit fees.

Security

The competitive fees and rewards highlighted in the Bitunix review above may capture your interest, but the key question remains: is Bitunix safe? To ensure user security, the platform has implemented strong measures. First and foremost, it requires know-your-customer (KYC) verification procedures, a standard and essential practice for any reliable cryptocurrency exchange.

To buy cryptocurrency using third-party service providers on Bitunix, you must first complete the Basic KYC (KYC1) verification on Bitunix by uploading an ID card.

Besides trading, does Bitunix require KYC to withdraw funds? Well, users are limited to a daily withdrawal limit of ≤500,000 USDT without KYC. To increase the limits to up to 5,000,000 USDT, you have to complete the KYC1 and KYC2 by providing proof of address.

Moreover, Bitunix enables users to set up a two-factor authentication (2FA) using Google Authenticator. 2FA offers one extra layer to protect users’ online accounts.^[1] In addition, it has an anti-phishing code that allows you to distinguish authentic communications from phishing attempts, safeguarding both your account and your assets from potential threats.

Bitunix also applies a “fund password”, a security measure used during cryptocurrency withdrawals from your Bitunix account. You must enter this password to authorize any withdrawal request.

To increase user confidence, Bitunix has partnered with Cobo, a digital asset custody provider, to implement its Wallet-as-a-Service (WaaS) platform. The collaboration aims to improve security with Multi-Party Computation (MPC) technology, reducing the risk of unauthorized access.

It also collaborates with Nemean Services, a UK-based digital asset security platform specializing in cold storage and auditing private key shares. Nemean uses MPC technology to add an extra layer of protection and provides $5 million in insurance coverage to protect users against unexpected risks.

Customer Support

Based on my experience and numerous five-star user Bitunix reviews on TrustPilot, the platform’s customer support is helpful. The live chat feature provides real-time assistance, allowing users to select their preferred language and specify their inquiries (e.g., general questions or deposit concerns). The categorization ensures that users can directly interact with specific support agents for quick resolutions.

For those who prefer an alternative method or have more complex issues, Bitunix offers a “Submit a Request” form to provide a detailed description of their issue and attach relevant files to support their query.

I’ve highlighted that the platform provides multilingual live chat, which makes communication seamless for users from different regions. Still, I think the standout feature is the quality of support itself.

The impressive aspect of my interaction was the speed and professionalism of the response – I received a reply within seconds. My questions were answered clearly and cheerfully, with emojis that added a friendly touch. Furthermore, I contacted them during Christmas; the support team was readily available despite the holiday.

Nonetheless, Bitunix claims that customer support is a cornerstone of its service, with 24/7 availability to live agents – and based on my experience, it lives up to this promise.

Trading Tools

Earlier in this Bitunix review, I mentioned the platform's different trading options. Currently, Bitunix offers:

• Spot trading;
• Copy trading;
• Futures trading;
• P2P trading.

In addition, the platform provides a trading toolkit that includes over 80 indicators, a quick order pane, and advanced charting tools to help traders make data-driven decisions.

The spot trading dashboard operates much like any other cryptocurrency exchange, featuring an order book, charting interface, and essential trading tools. Meanwhile, the copy trading feature, one of the platform’s latest additions, allows users to replicate the strategies of successful traders.

As Bitunix positions itself as a global crypto derivatives exchange, let’s take a closer look at its futures trading capabilities. Futures trading allows investors to mitigate short-term price fluctuations.^[2] However, it still allows traders to participate in the potential long-term growth of the cryptocurrency market using hedging strategies and leverage.

Bitunix futures supports leverage of up to 125x, enabling traders to potentially maximize gains. However, note that futures trading carries significant risks. If the market moves against their position and the trader fails to maintain sufficient collateral, they may face forced liquidation.

In simple terms, forced liquidation happens when a trader doesn’t have enough funds (margin) to cover their losses, so the platform automatically closes their position to prevent further losses and ensure the remaining collateral is sufficient to cover the risk.

To reduce the likelihood of this, Bitunix uses a tiered risk limit system that adjusts leverage and margin requirements based on the size of the position. This system contains three key components: nominal value, maximum leverage, and maintenance margin rate.

To help you understand tiered risk limits, let's consider this scenario: a trader uses 50x leverage for a BTC perpetual contract. Therefore, the system assigns their position to Tier 3, which allows a maximum nominal value of 2,500,000 USDT. The value of the user’s orders and positions must remain within the range of the corresponding tier to avoid exceeding the risk limit.

User Experience

A Bitunix review won't be complete if it doesn't discuss the user experience. After using it for some time, I think Bitunix provides a well-rounded user experience with several features designed for convenience. The platform’s navigation is intuitive, and the availability of a dedicated mobile app ensures that users can trade on the go.

A standout feature of Bitunix is its support for multiple signup options: Google, Facebook, X, or Apple ID. After signing up, you should see an onboarding guide to help navigate the platform. The guide provides suggestions, such as making an initial deposit or exploring cryptocurrency basics for beginners. Still, it’s possible to skip the tutorials and directly explore the platform on your own.

Another highlight is Bitunix's transparency regarding VIP status and its benefits. By simply accessing their profile and clicking on the VIP level menu, users can view their tier and associated perks. The platform also offers customization options, allowing users to toggle between dark/light modes, adjust chart styles, and even personalize their avatars.

While the platform offers many user-friendly features, some users have mentioned that the interface can feel somewhat complex. This may pose challenges for beginners or those less familiar with advanced trading tools, though I think it remains navigable with some practice and exploration.

Localization and Regional Adaptability

When talking about Bitunix's commitment to inclusivity, many user Bitunix reviews highlight the platform's multilingual customer support. But I noticed that this dedication is further demonstrated by the website's availability in 14 languages, from English to Arabic and more.

This wide range of languages is complemented by the availability of displays in various currencies, allowing users to transact and view balances in their preferred local currency.

To solidify its presence in international markets, Bitunix has recently acquired several licenses that expand its regulatory compliance:

• US MSB License that shows that Bitunix complies with US regulations.
• Philippines VASP License to operate as a Virtual Asset Service Provider in the Philippines, catering to the cryptocurrency community in Southeast Asia.
• MSB License in Canada to strengthen its position in North America, adhering to anti-money laundering (AML) and counter-terrorist financing (CTF) regulations in the country.

These acquisitions highlight Bitunix's dedication to meeting local regulatory requirements, building user trust, and ensuring its services are accessible in compliance with local laws.

Bonuses and Special Offers

To complete this Bitunix review, let’s talk about the Bitunix bonus system, which stands out as a compelling incentive for both new and existing users. The platform offers a range of bonuses, including a welcome bonus for new users and seasonal promotions designed to reward loyal traders during special occasions like Christmas and New Year.

New users can take advantage of Bitunix's welcome bonus, which is tied to their cumulative futures trading volume. The more you trade, the higher the rewards. The tiered bonus structure encourages consistent trading and provides clear milestones to unlock higher rewards. Does Bitunix require KYC to get the bonus? Yes, completing the KYC process is important to ensure account security and unlock bonuses.

Bitunix also keeps the excitement alive with seasonal bonuses, especially during festive periods like Christmas and New Year. Examples include receiving a 5 USDT bonus after a user deposits ≥1,000 USDT and earning 10 USDT trading fee rebates as futures bonuses for a total fee of 50 USDT.

Read More: Best Crypto Deals

How to Use Bitunix

Now, let’s dive into how to use Bitunix. In this section, I'll guide you through the essential steps – from creating an account to withdrawing the funds. Based on some user Bitunix reviews, the platform offers a straightforward process, but it's worth exploring the steps yourself, especially when this platform has met all your criteria.

How to Create a Bitunix Account

Creating an account on Bitunix is a simple and straightforward process. Here’s a step-by-step guide to get started:

Step 1: Navigate to the Bitunix official website and click on “Sign Up” in the top right corner of the homepage.

Step 2: Enter your email address or phone number to register. Alternatively, sign up using your Google, Facebook, Apple ID, or even your X (formerly Twitter) account for faster access.

Step 3: I signed up using my Google account, so I needed to complete the required captcha verification and enter a verification code sent by Bitunix via email. After typing the code in the designated field, my account was successfully verified. The process may be quite different if you choose another signup method, but it should be easy to follow.

That’s it! Once your account is verified, you’re ready to explore the platform. You can use the onboarding guide or proceed to make your first deposit and begin trading.

How to Deposit on Bitunix

After creating an account, you can easily deposit cryptocurrencies into your Bitunix account to start trading (although it’s possible to trade with fiat currencies). Bitunix lets you deposit any of these cryptocurrencies: USDT, BTC, ETH, or WLD via 10 different networks, depending on the crypto you choose. Follow the steps below to deposit on Bitunix:

Step 1: Log in to your Bitunix account, click on the wallet icon in the upper right corner, and press “Deposit”.

Step 2: You should enter the “Asset Overview” page and click “Deposit” at the top menu.

Step 3: Select your crypto and network, and then the tool automatically gives you a deposit address. Copy the address or save the QR code. Also, there should be information about the minimum deposit, deposit confirmations, and contract address.

Step 4: On your wallet or withdrawal page of other exchanges, paste the address you copied or scan the QR code to complete the deposit. Wait for the confirmation from the network before the deposit is confirmed.

The process is complete! Remember to double-check the asset that you’re going to deposit, the network you’re going to use, and the address you’re depositing to. Incorrect information can result in the loss of your funds.

How to Withdraw From Bitunix

Withdrawing cryptocurrencies from Bitunix is easy. Use this guide for a seamless experience:

Step 1: Press the wallet icon in the upper right corner and select “Withdraw”.

Step 2: Select the withdrawal type: on-chain withdrawal or internal transfer. I clicked “on-chain withdrawal” to transfer my cryptocurrency to an external wallet or another cryptocurrency exchange.

Step 3: Choose the token and network.

Step 4: Enter the address for withdrawal and the amount for withdrawal. Note that fees are included in the amount of withdrawal.

Step 5: Once you specify all the fields above, you should see the available withdrawal, withdrawal limit, received amounts, and network fee. If everything is correct, click the “Withdraw” button.

Withdrawing your cryptocurrencies from Bitunix is now complete! Note that withdrawal processing times may vary depending on the network and current conditions.

Comparison to Other Popular Exchanges

I've explained the ins and outs of the platform in the previous parts of my Bitunix review. But, what is Bitunix's unique feature in comparison to other popular exchanges? I'll answer this question by comparing Bitunix to Bybit, Binance, and Kraken below. Let's get started!

Bitunix VS Bybit

When comparing Bybit and Bitunix, Bybit offers a more diverse range of trading options, including spot, futures, options, and copy trading. It stands out particularly for its options trading, a feature Bitunix currently doesn’t provide. Another benefit of using Bybit is that it has a higher leverage of up to 200x and zero risk of liquidation before settlement.

If we talk about the fee structure, both platforms have a similarly tiered fee structure. However, Bybit offers a broader range with 12 levels, where trading fees range from 0.1000% to free, which can be a good opportunity to reduce trading costs. Like Bitunix, Bybit determines VIP levels based on either asset balance or the user’s 30-day trading volume.

Both Bybit and Bitunix feature user-friendly interfaces and implement robust security measures to protect user funds and data. Yet, Bitunix seems to excel in its multilingual support and offers services across more jurisdictions. Unlike Bybit, which imposes restrictions on trading in the US and Canada (where users may be unable to trade at all), Bitunix provides full-feature accessibility in these regions.

Read More: Bybit Review

Bitunix VS Binance

Another industry leader worth considering is Binance, which offers a wider range of trading and earning options. Besides the spot market, this platform provides futures trading, options trading, perpetual contracts, copy trading, staking, and various trading bots, giving Binance a clear advantage in terms of versatility.

However, note that Binance Futures, specifically, charges three main types of fees: commission fees, which vary based on the VIP level and order type; funding fees, which depend on market conditions and trading strategy; and insurance clearance fees, applied when a position is liquidated due to insufficient wallet balance. This fee structure may be more complex compared to Bitunix, which emphasizes simpler costs.

In terms of user experience, Binance and Bitunix share similarities, such as allowing users to customize between dark/light modes and offering translations to several languages on their websites. Binance differs in its use of an AI-powered bot for initial customer support interactions, which can feel less personal compared to human agents.

Additionally, Binance operates under more restricted jurisdictions, limiting user access in certain regions, whereas Bitunix offers broader availability, including full-feature access in the US and Canada.

Read More: Binance Review

Bitunix VS Kraken

If you’re seeking a crypto exchange with a variety of trading and staking features, Kraken is a good alternative to Bitunix. It offers futures trading, margin trading, spot markets, and a premium OTC trading service. It also gives opt-in rewards besides the staking feature, allowing users to earn rewards on idle balances of Bitcoin, USD Coin, and Tether.

Regarding fees, both Kraken and Bitunix use tiered fee structures based on 30-day trading volume in USD. When it comes to user experience, Kraken provides a multilingual interface and a dedicated support team available 24/7/365 through live chat, phone, or email, ensuring users receive timely assistance.

Read More: Kraken Review

Pros

• Secure and reliable
• Low fees
• A good amount of fiat currencies accepted

Main Features

• Reputable exchange
• Multiple fiat currencies are accepted
• Relatively low trading fees

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Pros

• Fiat currencies - accepted
• Simple to use
• Accepts only the most trustworthy cryptocurrencies

Main Features

• A leading cryptocurrency exchange platform
• Best for beginner investors
• Accepts fiat currencies

See All Coupons of Best Exchanges

Pros

• Fully reserved and transparent
• Multiple tradable asset classes
• Early new token support

Main Features

• 265 supports cryptocurrencies
• Secure & transparent
• Fully reserved

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Conclusions: Is Bitunix Right for You?

To conclude my Bitunix review, I can say that it is a sufficient option for users looking for simplicity and a user-friendly experience for spot and futures trading. It also covers several often restricted jurisdictions, as it has acquired licenses like the US MSB and Canada MSB.

Many user Bitunix exchange reviews also highlight the multilingual customer support’s fast response times and helpful answers. While it offers competitive features, its fee structure positions it as a solid middle-ground option. For high-volume traders, Binance and Bybit stand out as the most cost-effective choices.

If you’re ready to start trading on this platform, learn how to trade on Bitunix with this BitDegree Mission and take your trading skills to the next level!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Yang Z., Kong J.: 'Cue-Based Two Factor Authentication';

2. Bouteska A., Harasheh, M.: 'Bitcoin Volatility and the Introduction of Bitcoin Futures: A Portfolio Construction Approach'.