Who’s Bitunix For?

Bitunix is available in the US and Canada!

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.

Advantages

• 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 $8,000 USDT 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 8,000 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.

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 www.bitunix.com 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.

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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.

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.

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