Dubai, United Arab Emirates, November 7, 2024, Chainwire
The Bitunix exchange announced on November 1 that it has launched a copy trade feature. With this tool, Bitunix allows recent traders to take their first steps in futures trading by copying experienced traders. With this move, the fastest growing cryptocurrency exchange aims to make it as uncomplicated as possible for anyone to engage in cryptocurrency trading.
According to Dailycoin, cryptocurrency mining has rapidly grown in popularity among retail investors, offering newcomers an opportunity to enter the market. Taking this into account and based on user feedback and analysis of market trends, Bitunix has developed an advanced version of the Copy Trading feature.
This recent tool allows users to follow experienced traders by automatically replicating their trades within the user’s account, simplifying trading for novices. Both users and traders benefit – traders gain followers and a share of potential profits, while users can view limpid performance metrics (such as ROI, win rate and trade size) to choose traders wisely. Traders without followers can also post trading signals to attract users.
Highlights of Bitunix copy trading feature
Here are some of the things that can be highlighted regarding the Bitunix copy trading feature:
- One-click trade copying: Users can follow the strategies of a trusted trader in one click, enabling automatic trading for both beginners and professionals.
- Real-time data and transparency: Historical profit data for all traders is available in real time, helping users make informed choices with clear and limpid information.
- Personalized copy trading: Users can adjust copy trade amounts, profit taking and stop-loss settings to suit their risk preferences.
- Become a master trader: Experienced traders can become master traders by sharing strategies and earning a percentage of followers’ potential earnings.
- Avatar selection: Traders can choose from a set of avatars provided by the system (custom avatars are not supported).
How much can a user invest and what is the profit sharing fee with the copied investor? Bitunix Copy Trading has its limits on the amount a user can invest, and here’s how it works:
- Fixed amount mode: User can invest from $10 to $1000.
- Aspect mode: User can invest from $100 to $100,000.
In the case of copy trading, when the user earns money from the copied trades, up to 10% of these earnings goes to the trader as a profit sharing fee. Bitunix may adjust this percentage in the future based on the trader’s experience or performance. Currently, each trader can have up to 100 followers, and there are plans to escalate this limit as trader levels evolve.
How can users monitor their copied transactions? The ‘My Copy Trades’ module provides users with detailed visibility into both lively and completed copy trades, including amounts, margin balances and profits/losses. Users can monitor an unlimited number of current trades in real time (maximum 10 copied trading accounts). It also provides access to trading positions, profit status and previous records of completed trades for review.
How can users detect the most successful traders to copy? The trader list is organized to facilitate users find the most effective traders, and the rankings are based on key metrics such as profit and loss, return on investment, win rate and trade volume. This structured approach makes it easier for users to select investors that best suit their investment goals.
Additionally, users can apply the search function to locate specific merchants on the list. For those looking for different results, the platform offers flexibility. Users dissatisfied with the current copy trading performance may unfollow a trader or decide to follow a recent one.
How to Participate in Bitunix Copy Trading
Bitunix’s Copy Trading feature simplifies trading in the vigorous cryptocurrency market, offering recent investors an easier start compared to manual trading. To participate, follow these steps:
- Copy Trade Users: Log in to the Bitunix platform via the website or app, go to the “Copy Trade” panel, select the lead trader you want to follow, adjust your trading parameters and start automatic trading instantly.
- Main Traders: Experienced traders can apply to become lead traders on the same site, sharing their strategies and potentially earning through follower engagement.
Bitunix also recently introduced a multi-window trading feature, which is in line with its mission to provide a convenient and feature-rich trading environment.
For detailed instructions on how to participate in Bitunix Copy Trading, users can visit this tutorial on their website.
About Bitunix
Bitunix is ​​a global cryptocurrency derivatives exchange founded in 2021 that aims to offer its users uncomplicated, secure, limpid and profitable trading services. Bitunix specializes in both spot and futures trading, with over 250 trading pairs and leverage of up to 125x.
With features such as superior liquidity, 24/7 customer support, and a sturdy commitment to regulatory compliance, Bitunix remains a leader in providing a reliable trading experience for the global crypto community. Bitunix has attracted over 1,000,000 users from over 100 countries, ensuring daily trading volume on its platform exceeds $1 billion.
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