Bitunix
⭐ Trust Score: 8/10
🏆 Arbi.TEAM 6/10
📋 Basic information
📊 Trading statistics
📖 About exchange
🪙 Trading Products and Tools
Bitunix offers a wide spectrum of trading products, placing particular emphasis on derivatives. The platform aims to meet the needs of both active traders and investors seeking passive income.
Spot Trading
Over 300 cryptocurrencies on 140+ trading pairs (all pairs are denominated in USDT).
Futures Trading
Leverage up to 125x on 400+ perpetual contracts (USDT-M).
Passive Income
Staking (Bitunix Earn), Dual Investment, and other strategies.
Spot Trading: Features over 300 assets, including BTC, ETH, and a broad selection of altcoins. All trading occurs exclusively in USDT pairs, which is a limitation for some strategies.
Futures and Derivatives: The exchange's main specialization. Offers over 400 perpetual contracts with leverage up to 125x. According to 2024 data, the share of derivative operations on the platform significantly exceeds spot trading volume.
Bitunix Earn and Dual Investment: Programs for passive earnings. Bitunix Earn offers staking with advertised annual percentage yields (APY) up to 8.40% on assets like USDT, BTC, ETH. Dual Investment is a fixed-yield strategy.
Copy Trading: A feature for copying trades of successful traders. It is noted that fees for this service can be high.
P2P Platform: Allows buying cryptocurrency for fiat directly from other users, supporting over 60 fiat currencies.
🔐 Security and Support
Security and regulation are strong points emphasized by the exchange itself; however, its relatively young age and the existence of fake clones should be taken into account.
Protection Measures
- Multi-layered security system: cold storage of funds, two-factor authentication (2FA), multi-signature, regular audits.
- Trade Safer Function: Launched in 2024 to combat market manipulation. Automatically cancels orders that could change an asset's price by more than 5% using a large volume.
- Hack History: According to reviews, the platform has not been hacked since its launch (2021).
- Attention! Scammers actively operate online, creating fake websites (e.g., bitunix.us) to extort funds. It is necessary to use only the official website bitunix.com.
Regulation
Bitunix claims to hold licenses in the USA (registration as a Money Services Business from FinCEN) and Canada (FINTRAC), which is a serious argument in favor of its legitimacy. However, its primary legal registration is in offshore zones.
Support
24/7 support service operating in 14 languages, including Russian. According to some reports, operators in the online chat respond within 3-5 minutes. Reviews of support performance are generally positive.
💳 Deposits and Withdrawals
Bitunix provides several methods for working with fiat, including a P2P platform and partner services.
Verification (KYC)
Mandatory for full use of the platform. There are two levels: Basic (increased withdrawal limits) and Extended (maximum limits).
Account Funding
Fiat: Via the P2P platform (support for over 60 currencies) or through partner on-ramp services (MoonPay, Volet) using bank cards. Over 30 fiat currencies are supported, including USD, EUR, but the Russian ruble (RUB) is not on the list.
Cryptocurrency: Deposits on various networks.
Withdrawals
Withdrawal of cryptocurrency to external wallets. Fiat withdrawals are possible, apparently through partner services or the P2P platform. Specific withdrawal fees vary depending on the asset and network. Users in reviews note the withdrawal speed as high.
👍 Pros and Cons
Based on the analysis of reviews and user feedback, the platform's strengths and weaknesses can be highlighted.
Advantages
- ✅ Wide Selection of Derivatives: One of the largest futures lineups (400+ contracts) with high leverage (up to 125x).
- ✅ Claimed Regulation: Holding MSB licenses in the USA and Canada increases trust.
- ✅ Security Tools: Implementation of the Trade Safer function to combat price manipulation.
- ✅ Convenient Interface and Support: Russian language support, 24/7 support service.
- ✅ Passive Income Opportunities: Availability of staking (Bitunix Earn) and Dual Investment.
Disadvantages
- ❌ Relatively Low Liquidity: Compared to top exchanges (Binance, Bybit), liquidity can be lower, especially on niche assets.
- ❌ Limited Trading Pairs: All spot and futures pairs are denominated only in USDT, which limits strategy flexibility.
- ❌ High Fees for Some Services: In particular, high fees for copy trading compared to competitors are noted.
- ❌ Scammer Activity: There are fake clone websites (e.g., bitunix.us) used to extort funds.
- ❌ Young Platform: Founded in 2021, meaning a shorter history and less time-testedness compared to market veterans.
💡 Tips for Beginners
Carefully Check the Website Address
Use only the official website bitunix.com. Avoid fake clones like bitunix.us, created for fraud.
Use All Security Levels
Always activate two-factor authentication (2FA) and set up an anti-phishing code in your personal account.
Start with Demo Mode for Futures
Before trading with real money, familiarize yourself with the platform and test strategies. Bitunix offers a paper trading mode.
Assess Pair Liquidity
Before a large trade, especially on altcoins, check trading volumes to avoid slippage.
🌐 Interface and Accessibility
Interface: Supports 14 languages, including Russian, English, Spanish, Chinese, Turkish, and others. Web version and mobile apps for iOS and Android are available.
🌏 Restricted Countries and Territories
It is known that Bitunix actively operates in markets across more than 100 countries, including Russia, the USA, and Canada.
💱 Reliability Analysis of Bitunix for Arbitrage Operations
Bitunix is an exchange suitable for cryptocurrency arbitrage. In favor of this, we can cite the following facts based on our trading experience:
1. Cryptocurrency is most often credited without significant delays.
2. There is a sufficient number of trading pairs on Bitunix, making it an active participant in our scanner.
3. Possibility to withdraw USDT with zero commission on the BSC network.
Important Considerations for Arbitrage
Deposit/Withdrawal Delays: Sometimes delays in deposit/withdrawal of coins occur, which can negatively affect the outcome of trading. For example, we have repeatedly had deposits on the Base network credited within 18-20 minutes, which is quite long since the estimated time is 4 minutes.
Order Execution Problems: It is not always possible to buy/sell a coin at the price from the order book: there are cases when, upon placing an order, the price instantly moves away, and upon canceling this order, it returns. This may be related to relatively low liquidity on some pairs or market dynamics.
Trade Safer Function: The exchange's introduced system to combat manipulation can automatically cancel large orders affecting the price by more than 5%. For arbitrageurs working with large volumes, this can become an unexpected limitation.
Summary
The Bitunix exchange is used by us for conducting arbitrage trades, while it is important to remember the risks of platform coin delays, to be prepared for the possibility of not being able to buy/sell a coin at the price from the order book. The platform offers the technical capability for arbitrage (pairs, withdrawal on BSC), but its effectiveness may be reduced due to periodic transaction delays and potential difficulties with instant order execution on low-liquidity markets.