Bitunix Launches Copy Trading Feature to Boost Users’ Trading Experience

Bitunix, a global cryptocurrency derivatives exchange providing simple, secure, transparent, and cost-effective trading services, has just announced the launch of its new Copy Trading Feature.

According to an official announcement today, this development follows the exchange’s commitment to making involvement in crypto trading as easy as possible for everybody. Thus, the new Copy Trading Feature will allow new traders to take their first steps in futures trading by copying experienced traders.

Notably, Bitunix’s decision to release an advanced version of the Copy Trading Feature comes in response to user feedback, analysis of market trends, and increasing demand for the trending copy trading option.

Bitunix Copy Trading Sets to Simplify Trading For New Traders

Following its design, the new tool simplifies newcomers’ trading by allowing them to follow experienced traders and their strategies while automatically replicating their trades in the user’s account. This can be done with just a single click, enabling automated trading for both beginners and pros.

Interestingly, this tool benefits both users and traders, as traders gain followers and a share of potential earnings. Meanwhile, users can view transparent performance metrics (such as ROI, win rate, and trade size), showcasing all traders’ historical profit data in real time to help users make informed choices with clear, transparent information.

Furthermore, traders who do not have followers can also publish trading signals to attract users. Users, on the other hand, can customize copy trading amounts, take profit, and stop-loss settings to match their risk preferences.

Bitunix’s copy trading feature offers experienced traders the opportunity to become lead traders, sharing strategies and earning a percentage of followers’ potential earnings. It also allows traders to choose from a set of system-provided avatars (custom avatars are not supported).

Nonetheless, Bitunix Copy Trading features two distinct modes in which users can invest their funds: fixed-amount mode and proportion mode. The former allows users to invest anywhere from $10 to $1,000, while the latter allows users to invest between $100 and $100,000.

Currently, Bitunix allows traders to have a maximum of 100 followers and receive a share of up to 10% on earnings from trades copied from them. However, it revealed that it may increase the follower limits and the profit-sharing fee in the future, considering the evolution of trader levels and the increase in trader experience or performance.

Furthermore, users are allowed to access their copy trades through the “My Copy Trading” module, which gives them detailed insights into both active and completed copy trades, including amounts, margin balances, and profit/loss. This allows them to monitor unlimited ongoing trades in real-time (with up to 10 copy trading accounts) while providing them access to the trading positions, profit status, and past records of completed trades for review.

To utilize the copy trading feature, users should 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.

Moreover, experienced traders can also apply to become lead traders on the same page, sharing their strategies and potentially earning through follower engagement.