Apparatus for heating fluids through rotary magnetic induction, which has at least one rotating central disc of magnets and at least one bilateral heat exchanger, wherein the magnet disc comprises at least one pair of magnets disposed in such disc and whose configuration exposes the magnets to both sides of the disc with alternating polarity on each side to generate on both sides an agitated magnetic field, and wherein at least one heat exchanger, comprising at least one low resistivity metal surface, is disposed adjacent to each side or face of the magnet disc in order to expose its metal surface to the agitated magnetic field, getting heated and transmitting such heat to a fluid circulating within at least one configured conduit located inside the heat exchanger.