Bitunix for Beginners: A Guide to Trade Crypto On a Professional Exchange
Dubai, UAE, 26th April 2023, ZEX PR WIRE, If you are new to cryptos, and you are looking for a safe crypto exchange to buy and sell bitcoin, ethereum, arbitrum, solana, and more, Bitunix crypto exchange should be your consideration. This guide will show you how to use Bitunix exchange, from registering your account to trading your favorite cryptocurrencies.
Bitunix is a professional crypto exchanges with a user base widespread across over 70 countries. It is perfect for crypto beginners to use. Bitunix offers a variety of services including buying and selling that cater to anyone. Like stock trading apps you may already be familiar with, Bitunix shows the current price and trends for its listed cryptocurrencies such as BTC, ETH, DOGE, SOL, and more. Meanwhile, it offers derivatives where traders can magnify their income with up to 125x leverage.
Get started with Bitunix
Get yourself an account is the first step to use Bitunix for trading. To start, you can go to its website, or download the mobile app on iPhone or Android from the app stores. Simply follow the instructions by entering your email address, phone number and password. Once you complete the verification with the code sent to your email or phone number, your account is ready.
Deposit into Your Bitunix Account
After you Bitunix account is ready, it’s time to deposit your digital assets into your account. Bitunix allows you deposit your assets from your wallet or other exchanges into your Bitunix wallet via several different networks, such as Omni, Tron, Ethereum, Solana, BSC and more. Click “Deposit” under “Assets” on the top right of the page, after which, enter the address shown on the page, or scan the QR code to complete the deposit of digital assets from your wallets or account on other exchanges. When you are deposting, please make sure the cryptos name, transfer network and deposit address are correct.
Spot Trading on Bitunix
After your account registration and a successful deposit, you are now good at trading any cryptos you like offered by Bitunix. Simply click “Trade” on top of the Bitunix website, or at the bottom of your mobile app, then you will enter a spot trading page like this:
Perpetual Swaps Trading on Bitunix
As a derivative exchange, Bitunix offers USDT-Margined perpetual swaps with up to 125x leverage, allowing traders to amplify their earnings if they are willing to. You can do so by clicking “Futures” under “Derivatives” on the top of your screen, or “Futures” at the bottom of your mobile app. Then you will need to transfer your funds from your Spot Wallet to Futures Wallet, after which you will be able to open or close perpetual swap positions by going long or short.
Is Bitunix Safe?
Safety is always one of the main concerns for users if they are planning to invest a significant amount of money in cryptocurrencies. There have been cases where protocols or exchanges are hacked leading to people’s digital wallets being drained out every year.
Bitunix crypto exchange allows users to use multi-factor authentication to secure their accounts from any unauthorized access. Bitunix also takes many secure measures on its server and its wallet to ensure users’ accounts and funds are safe at different levels. In this way, users can buy and sell their favorite cryptos without worrying too much.
It’s worth mentioning that Bitunix exchange also became a U.S. MSB registrant in late 2022 and received the SEC compliance license in the Philippines in February 2023, and the licences in Seychelles, Estonia, Australia and other countries are under urgent application.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Money Builds journalist was involved in the writing and production of this article.