Dubai, United Arab Emirates, November 7th, 2024, Chainwire
Bitunix exchange announced on November 1st 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 involvement in crypto trading as easy as possible for everybody.
According to Dailycoin, crypto copy trading has rapidly grown in popularity among retail investors, offering a way for newcomers to enter the market. Considering that and based on user feedback and analysis of market trends, Bitunix came up with their advanced version of Copy Trading Feature.
This new tool lets users follow experienced traders, automatically replicating their trades in the user's account, which simplifies trading for newcomers. Both users and traders benefit—traders gain followers and a share of potential earnings, while users can view 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:
One-Click Copy Trading
Users can follow a trusted trader's strategies with a single click, enabling automated trading for 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 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, when a user earns from trades they've 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 trader experience or performance. Each trader can have up to 100 followers, with plans to increase this limit as trader levels evolve.
How Can Users Monitor Their Copy Trades?
The "My Copy Trading" module gives users detailed insights into active and completed copy trades, including amounts, margin balances, and profit/loss. Users can monitor unlimited ongoing trades in real time (with up to 10 copy trading accounts). The module also provides access to trading positions, profit status, and completed trade records for review.
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.
Additionally, users can use a search function to locate specific traders within the list. The platform offers flexibility for those seeking different results. Users who are unsatisfied with their current copy trading outcomes can stop following 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, offering new traders an easier start than manual trading. The steps to participate are as follows:
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.
Bitunix also recently introduced its multi-window trading feature, which aligns with its mission to provide a convenient and feature-rich trading environment.
For detailed steps on participating in the program, users can visit this tutorial on Bitunix Copy Trading's website
Users can visit this tutorial on Bitunix Copy Trading's website for detailed steps on participating in the program.
About Bitunix
Bitunix is a global cryptocurrency derivatives exchange founded in 2021 and is committed to offering its users simple, secure, transparent, and cost-effective trading services. Bitunix specializes in spot trading and perpetual futures, with over 250 trading pairs and leverage of up to 125x.
With top-tier liquidity, 24/7 customer support, and a solid 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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