As an analyst with over two decades of experience in the financial markets, I find myself constantly searching for innovative solutions that cater to both newcomers and seasoned traders alike. The recent launch of Bitunix’s Copy Trading Feature has caught my attention due to its potential to democratize cryptocurrency trading by making it more accessible and user-friendly.
Dubai, United Arab Emirates, November 7th, 2024, Chainwire
On November 1st, Bitunix Exchange unveiled the launch of its Copy Trading Feature. This feature allows novice traders to dip their toes into futures trading by mimicking seasoned traders. The rapidly expanding leader in cryptocurrency derivative exchanges intends to simplify crypto trading for everyone with this action.
As reported by Dailycoin, there’s been a significant surge in the appeal of crypto copy trading among individual investors, providing a means for novices to participate in the market. Taking this trend into account, along with user input and a study of current market patterns, Bitunix developed their enhanced Copy Trading Feature.
With this innovative tool, beginners in trading can easily mimic the moves of seasoned traders by automatically copying their trades into their own accounts. This simplifies the trading process for newcomers while offering advantages to both parties. Seasoned traders earn followers and a portion of potential profits, while novice users can assess performance metrics like ROI, win rate, and trade size to make informed decisions about which traders to follow. Even traders without followers can broadcast their trading signals to attract interested users.
Key Highlights of Bitunix’s Copy Trading Feature
Some of the things that can be highlighted regarding the Bitunix Copy Trading Feature are:
- One-Click Copy Trading: Users can follow a trusted trader’s strategies with a single click, enabling automated trading for both beginners and pros.
- Real-Time Data and Transparency: All traders’ historical profit data is available in real-time, helping users make informed choices with clear, transparent information.
- Personalized Copy Trading: Users can customize copy trading amounts, take profit, and stop-loss settings to match their risk preferences.
- Become a Lead Trader: Experienced traders can become lead traders, sharing strategies and earning a percentage of followers’ potential earnings.
- Avatar Selection: Traders can choose from a set of system-provided avatars (custom avatars 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 here’s 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.
In Copy Trading, any profits made from trades a user copies are subject to a profit-sharing fee of up to 10%. This fee goes to the original trader. However, Bitunix reserves the right to change this percentage depending on the trader’s experience or performance in the future. At present, each trader can have a maximum of 100 followers, though this limit might be raised as traders advance through levels.
How Can Users Monitor Their Copy Trades?
As a crypto investor, I appreciate the “My Copy Trading” feature that offers me comprehensive insights into my active and closed copy trades. I can easily keep tabs on the amounts invested, margin balances, and profit/loss statistics for each trade. Furthermore, I can simultaneously monitor an unlimited number of ongoing trades across up to 10 different copy trading accounts in real-time. The feature also grants me access to the trading positions, final profits or losses, and past performance records of completed trades, allowing me to review them at my convenience.
How Can Users detect Top-Performing Traders to Copy?
The trader list is organized to help users find top-performing traders, with rankings based on key metrics like profit and loss, return on investment, win rate, and trade volume. This structured approach makes it easier for users to select traders that best fit their investment goals.
Furthermore, users have the option to utilize a search tool to find particular traders within the listing. For individuals wanting diverse results, the platform provides adaptability. Those unhappy with their current copy trading performance can opt to cease following a trader or switch to another one.
How to Participate in Bitunix Copy Trading
Bituniq’s Copy Trading function streamlines trading within the rapidly changing crypto market, making it more accessible for beginners compared to traditional manual trading. Here’s how you can get involved:
- Copy Trading Users: Log in to the Bitunix platform via the website or app, navigate to the “Copy Trading” panel, select a lead trader to follow, customize trading parameters, and start automated trading instantly.
- Lead Traders: Experienced traders can apply to become lead traders on the same page, sharing their strategies and potentially earning through follower engagement.
In line with their aim to offer a user-friendly and comprehensive trading experience, Bitunix has just launched their multi-window trading functionality.
Users seeking comprehensive instructions for engaging in Bitunix Copy Trading are welcome to explore a step-by-step guide available on the platform’s own website.
About Bitunix
Bitunix is a worldwide cryptocurrency derivatives exchange established in 2021, dedicated to providing straightforward, secure, transparent, and affordable trading opportunities for its customers. This platform focuses on both spot trading and perpetual contracts, offering more than 250 trading options and up to 125 times leverage.
Bitunix consistently leads in delivering a dependable trading environment for the worldwide cryptocurrency community, boasting superior liquidity, round-the-clock client assistance, and an unwavering dedication to adhering to regulatory standards. This premier service has drawn over 1 million users from around the globe, resulting in daily trades surpassing $1 billion on their platform.
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Contact
COO
KX WU
Bitunix
kx.wu@bitunix.io
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2024-11-07 11:34