Dubai, United Arab Emirates, 7 November 2024, Chainwire
Bitunix the exchange announced on November 1 that it has launched its Copy Trading Feature. With this tool, Bitunix enables new traders to take their first steps in futures trading by copying experienced traders. The fastest growing crypto derivatives exchange with this move aims to make engagement in crypto trading as easy as possible for everyone.
According to Dailycoincryptocurrency trading has rapidly grown in popularity among retail investors, offering a way for newcomers to enter the market. Keeping that in mind and based on user feedback and analysis of market trends, Bitunix came up with its advanced version of Copy Trading Feature.
This new tool allows users to follow experienced traders, automatically replicating their trades on the user’s account, simplifying trading for newcomers. Both users and traders benefit – traders gain followers and a share of potential revenue, while users can see transparent performance metrics (such as ROI, win rate and trade size) to choose traders wisely. Traders without followers can also publish trading signals to attract users.
Key highlights of Bitunix’s Copy Trading feature
Some of the things that can be highlighted regarding the Bitunix Copy Trading Feature are:
- Copy Trading with one click: Users can follow the strategies of a trusted trader with a single click, enabling automated trading for both beginners and professionals.
- Real-time data and transparency: All traders’ historical profit data is available in real-time, helping users make informed choices with clear, transparent information.
- Personal Copy Trading: Users can customize copy trade amounts, take profit and stop-loss settings to match their risk preferences.
- Become a Lead Trader: Experienced traders can become lead traders, share strategies and earn 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 trader?
Bitunix Copy Trading, has its limits on how much a user can invest and this is how it works:
- Fixed amount mode: A user can invest anywhere from $10 to $1,000.
- Proportion mode: A user can invest between 100 and 100,000 USD.
In Copy Trading, when a user earns from trades they have copied, up to 10% of those earnings go to the trader as a profit sharing fee. Bitunix may adjust this percentage in the future based on the merchant’s experience or performance. Currently, each trader can have up to 100 followers, with plans to increase this limit as trader levels progress.
How can users monitor their copies?
The “My Copy Trading” module provides users with detailed insights into both active and completed copies, including amounts, margin balances and profit/loss. Users can monitor unlimited pending trades in real time (with up to 10 copy trading accounts). It also provides access to trade positions, profit status and past records of completed trades for review.
How can users spot top performing traders to copy?
The trader list is organized to help users find top performing traders, with rankings based on key metrics such as profit and loss, return on investment, win frequency and trading volume. This structured approach makes it easier for users to choose traders that best suit their investment goals.
In addition, users can use a search function to find specific merchants in the list. For those looking for different results, the platform offers flexibility. Users who are unhappy with their current copy trading results can unfollow a trader or choose to follow a new one.
How to participate in Bitunix Copy Trading
Bitunix’s Copy Trading feature simplifies trading in the fast-paced cryptocurrency market, providing an easier start for new traders compared to manual trading. The steps to participate are as follows:
- Copy Trade Users: Log in to the Bitunix platform via the website or app, navigate to the “Copy Trading” panel, select a leading trader to follow, customize trading parameters and start automated trading instantly.
- Leading traders: Experienced traders can apply to become lead traders on the same page, share their strategies and potentially earn through follower engagement.
Bitunix has also recently introduced its multi-window trading featurein line with its mission to provide a convenient and feature-rich trading environment.
For detailed steps 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, committed to providing simple, secure, transparent and cost-effective trading services to its users. Bitunix specializes in both spot trading and perpetual futures, with over 250 trading pairs and a leverage of up to 125x.
With features like top-level liquidity, 24/7 customer support, and a strong commitment to regulatory compliance, Bitunix remains at the forefront of providing a reliable trading experience for the global crypto community. Bitunix has attracted more than 1,000,000 users from over 100 countries, facilitating a daily trading volume exceeding $1 billion on its platform.
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Contact
COO
KX WU
Bitunix
kx.wu@bitunix.io
Disclaimer: Press release sponsored by our commercial partners.
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