The Bitunix and ApeX exchanges are similar in two core ways: both offer no-KYC crypto trading with leverage, while additionally, both have ongoing campaigns to reward users. However, there are some differences when it comes to trading fees, chains and tokens used for deposits, mobile app development, and also with regard to features offered, meaning each platform has its own advantages.
If you’re looking for a decentralized platform where you can trade crypto with leverage, then you might find yourself comparing Bitunix vs ApeX. These are both very solid options with a lot in common, so to get an idea of which is the best crypto exchange of the two, let’s put them side by side.
We’ll take a look at Bitunix vs ApeX features, at fees, and at what they share alongside any differences between the two.
Bitunix vs ApeX: Similarities
It’s tricky to choose between Bitunix and ApeX for a simple reason: they actually have many similarities, and you can take advantage of the following shared benefits on either platform.
No KYC required
2024 has been the year when it became unmistakable that Bitcoin is crashing through the barriers of mainstream adoption. What started in 2020 with BTC buying at MicroStrategy, and then the following year–more tentatively–at Tesla, has led to the launch this year of spot Bitcoin ETFs that have soared since they went live, with the top fund managed by none other than BlackRock.
Those are hugely positive developments, but regulatory bodies are still lagging behind with regard to crypto more widely, and this lack of clarity can lead to restrictions on access to crypto products in some regions.
And even if you’re in a permissive area, KYC is a hassle–after all, a point of decentralized tech is that it should be easy to access, for anyone. However, both Bitunix and ApeX allow new users to hook up a wallet, transfer some crypto funds across, and start trading without having to deal with any KYC requirements.
Relatedly, for a detailed look at how to get set up on Bitunix, take a look at this earlier guide: Getting Started With Bitunix.
Margin Trading
Another key draw of both Bitunix and ApeX is that they offer margin trading, despite not requiring KYC, so you can go ahead and trade crypto perpetual swaps. That means you can take leveraged futures positions, amplifying your potential gains (and losses too, while also introducing liquidation risks), and this kind of trading allows traders to take both long and short positions.
Margin trading might be riskier than simply holding spot, but it introduces new dimensions to the trading experience–you can profit from both bullish and bearish setups, and use leverage to control much larger positions.
What’s more, on both platforms the amount of leverage on offer is substantial: traders can access leverage of up to 125X on Bitunix, while ApeX has a maximum of 100X. That said though, you should always manage risks carefully, and for more on this topic please check this article: How to Use Bitunix Leverage Trading.
Campaigns and Rewards
Both platforms have various ongoing campaigns in which users can earn rewards. Bitunix currently has a Reward Center with tasks–such as racking up trading volume–leading to USDT rewards, and there are also task-dependent newcomer rewards, along with seasonal campaigns that again feature USDT incentives.
Over on ApeX, you can earn a reward called ApeX Social Points–through trading, referring friends, and checking in on the platform every day–and these points can lead to prizes including USDT and even, currently, a Lamborghini, while there is also a separate rewards campaign for new users.
Bitunix vs ApeX: Differences
Next in this crypto exchange comparison, let’s look at some of the differences between Bitunix vs ApeX, and get an idea of the respective pros and cons of each platform.
Trading Fees
The first thing to note when looking at costs on Bitunix vs ApeX is that you don’t have to pay gas fees when trading on either exchange. However, there are standard trading fees, which means you’ll have to pay, on both platforms, different rates for maker orders (which add liquidity to the order book) and taker orders (which remove liquidity from the order book).
When trading perps on ApeX, this cost is 0.05% for taker orders, and 0.02% for maker orders.
When trading perps on Bitunix, the cost is 0.06% for taker orders, and 0.02% for maker orders. However, these fees on Bitunix are for regular users, and the platform has a VIP system in which fees decrease as you climb the ranks.
Higher VIP ranking can be obtained through generating high trading volumes, or simply by depositing larger amounts of USDT into your account. To level up to VIP 1–the next level up from a VIP 0 regular user, in a scale going up to VIP 7–requires a $1,000 deposit, which then brings taker fees down to 0.05%.
So initially, a Bitunix vs ApeX fee comparison shows ApeX to be cheaper, but if you’re trading high volumes or holding $10,000 or more in your account (taking you to VIP 2), then the Bitunix fees start to become lower than those on ApeX.
And a related Bitunix vs ApeX difference is that on Bitunix, funding rates on open futures positions are usually paid every eight hours (although this depends on the asset), whereas on ApeX, funding rates are paid every hour.
Mobile Apps
Looking at Bitunix vs ApeX on the go, the Bitunix mobile app is currently undergoing improvements. Also, it can be downloaded from the Apple App Store, but can only be downloaded for Android as an APK file from the Bitunix site, and it isn’t yet available in the Google Play Store.
On the other hand, ApeX’s mobile version is already a finished product, although again it’s available on the Apple App Store, but is not currently in the Google Play Store, although an APK file can be downloaded directly from ApeX.
Range of Chains for Deposits
On Bitunix, you can deposit a very wide range of tokens across a lot of different chains, and that includes major networks such as Bitcoin, Ethereum, Base and other L2s, Solana, Avalanche, Tron, and many others–while on ApeX you’ll need to deposit the USDT stable coin, which you can do across any of Arbitrum, BNB Chain, Ethereum, Mantle Network, or Base.
Buying Crypto
We’ve talked about the ease with which you can transfer crypto across to your Bitunix or ApeX account and quickly start trading, but what about if you need to on-ramp from fiat to crypto? While ApeX doesn’t provide this option, if you go to the deposit page on Bitunix you’ll find an option to buy crypto.
However, keep in mind that the process will take you through a third-party payment provider–MoonPay, Coinify, AlchemyPay, and Volet are all integrated–and that to use these services you’ll have to complete KYC.
Overall then, while on-ramping services might be an handy additional feature for some users, both platforms seem primarily aimed at traders who have experience with crypto and are likely to already be holding funds.
Hedge Mode
A unique feature of Bitunix that may appeal to traders who want additional ways to mitigate risk, is that you can switch to Hedge Mode. This function allows users to open two positions simultaneously, going both long and short at the same time, and thereby–as the name suggests–hedging against the market moving against you.
Multiple Synchronized Windows
Another interesting Bitunix feature is that you can customize your trading setup and have up to eight synchronized windows open at the same time, monitoring several positions across different assets.
As these charts can be synched up together if required, when you interact with one window–for example zooming in and out, or moving the chart around–the changes will affect all open windows.
This utility isn’t always required but, especially if you’re working across multiple monitors, it’s a positive extra feature.
Grid Bots
A useful facility on ApeX is the presence of Grid Bots. These are an automated tool that can be set up to execute trades according to fixed strategies in order to make the most of market volatility, and ApeX has three different trading bot modes–short, long, and neutral–available for use.
A big advantage of trading bots is that, as crypto markets never close, they can operate 24/7, and you can have them working across multiple markets, although be aware that they’re most effective with tokens that are trading sideways within a range.
Platform Tokens and Staking
This last point isn’t directly related to trading, but another aspect of ApeX not shared with Bitunix is that ApeX has its own token, with the ticker APEX and a current market cap of around $68 million.
If you click to buy this on ApeX you’ll be directed to a choice of either the Camelot DEX, or centralized exchange ByBit. APEX tokens can then be deposited back on ApeX in a staking pool, in order to earn a share of protocol revenues, with your trading activity also used a factor in calculating rewards.
Also, there are plans for a separate meme coin airdrop. The planned token is called Kong, and ApeX states that 10% of supply will be airdropped to community members, including an allocation for APEX token stakers.
Overall then, Bitunix and ApeX each have some individual advantages while the core positives are similar, meaning its worth taking a look around both.
