Bitunix Responds to Pro Trader Demand with New Copy Trading Feature

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 FeatureSome 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, 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. Currently, 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 both 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). It also provides access to the trading positions, profit status, and past records of completed trades 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. For those seeking different results, the platform offers flexibility. Users 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 TradingBitunix’s Copy Trading feature simplifies trading in the fast-paced cryptocurrency market, offering an easier start for new traders compared to 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 has also recently introduced its multi-window trading feature, aligning 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 BitunixBitunix is a global cryptocurrency derivatives exchange founded in 2021, committed to offering 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 leverage of up to 125x.

With features such as top-tier 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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This article was originally published on Chainwire

Source: Investing.com