Are you on the lookout for a dependable cryptocurrency trade to execute superior buying and selling methods? Our BingX evaluation dives into every part it’s essential learn about this fast-growing platform. From spot and futures buying and selling to repeat buying and selling, wealth administration, and AI-powered instruments, BingX supplies a complete ecosystem for each inexperienced persons and seasoned merchants. Uncover its charges, safety measures, supported property, and distinctive options to see if BingX is the correct trade to your crypto journey.
BingX Change Assessment: At a Look
Crypto ExchangeBingXLaunch Year2018FounderJosh LuKey FeaturesAI-powered services and products, together with derivatives, spot buying and selling, and replica tradingSupported Cryptocurrencies1,000+cryptocurrenciesSecurity MeasuresMulti-Issue Authentication (MFA), Anti-Phishing Codes, Withdrawal Whitelists, robust password enforcement, and PasskeysGlobal presence150+ supported countriesFiat Currencies USD, EUR, VND, JPY, CHF, AUD, and moreTrading ChargesSpot: 0.1% for makers and takers.Commonplace futures: 0.045% for each autonomous and replica buying and selling.Perpetual futures: 0.02% for makers and 0.05% for takers.Accepted Fee StrategiesFinancial institution transfersCredit score and debit playing cards Google Pay and Apple PayDirect crypto depositsRestricted CountriesUnited States, Canada, Cuba, United Kingdom, Afghanistan, Burundi, Cambodia , Central African Republic, China (Mainland), North Korea, Hong Kong SAR, Iran, Netherlands.Cellular App Ratings4.7 / 5 on iOS
4.4 / 5 on Android
BingX Assessment: What’s BingX?
BingX is a number one cryptocurrency trade based in 2018 by Josh Lu, providing crypto buying and selling providers to over 20 million customers worldwide. CoinMarketCap ranks BingX among the many high 20 spot buying and selling exchanges and fifteenth by way of site visitors, commerce quantity, and liquidity. Our BingX evaluation discovered that it presents buying and selling providers and merchandise excellent for each inexperienced persons and skilled merchants.
BingX boasts a set of instruments and options designed to reinforce customers’ buying and selling proficiency. Among the many providers are spot and derivatives buying and selling, copy buying and selling, and asset administration, amongst others. BingX takes safety critically, as evidenced by its collaborations with high cybersecurity companies, providing 100% margin reserves. Along with utilizing chilly storage, the agency promotes multi-factor authentication, anti-phishing codes, and handle whitelisting.
Professionals of BingX
Helps 1000+ cryptocurrencies, together with BTC, ETH, USDT, XRP, and extra.Provides spot, derivatives, copy buying and selling, staking, and automatic buying and selling.Demo buying and selling function for follow with out monetary threat.Low buying and selling charges and a number of fiat deposit/withdrawal choices.Simple-to-use interface and cellular app for buying and selling on the go.24/7 responsive buyer assist.
Cons of BingX
Larger withdrawal charges in comparison with different exchanges.KYC verification required for sure options.Buyer assist restricted to electronic mail and dwell chat.Fiat deposits take 1-3 enterprise days to course of.No leverage for spot buying and selling, customers should depend on their funds.Not out there within the US, UK, and Canada.
BingX Assessment: Greatest Options of the BingX
BingX is jam-packed with quite a few options, merchandise, and providers designed for energetic and conservative merchants. These embrace the next:
1. BingX wealth
BingX Wealth is a platform function that allows customers acquire publicity and to earn curiosity on their idle cryptocurrencies. The product requires no subscription or redemption payment for asset administration.
Versatile-Time period Merchandise
Customers can earn curiosity on their digital currencies on versatile phrases with out dedication.The subscription course of is seamless, and redemption requests are fulfilled immediately.Rewards and curiosity are calculated day by day, and customers can enter and exit freely at any time, from anyplace.
Fastened-Time period Merchandise
Customers can lock their crypto property and stay up for a secure ROI, protected by threat management measures.The device begins and ends on set timelines and predetermined dates.Customers can anticipate the maturation date of their funding, and the yields are predictable.Fastened Revenue: Anticipate the maturation of your funding over a set interval.
Shark Fin
Shark Fin is BingX’s wealth product, which permits customers to earn curiosity on their crypto property with out risking their principal.The product makes use of USDT stablecoin for subscription and earns a assured ROI no matter whether or not the market is bullish or bearish.No buying and selling payment is charged, and customers can redeem their principal and curiosity inside in the future.Shark Fin is doubtlessly profitable, particularly in instances of market volatility.
Benefits of the product
Capital Preservation: BingX Wealth supplies customers with the chance to earn a constant passive earnings with out locking up funds in staking swimming pools for prolonged intervals.Zero Charges: No subscription or redemption charges apply.Sturdy and Dependable: BingX presents common proof-of-reserves (POR) verification, guaranteeing 100% asset collateralization. The common publication of POR enhances person belief that funds are safely saved beneath a strict threat management system.VIP Unique Wealth: Customers of the BingX Wealth product have entry to enhanced ROI and a number of other different unique product choices.
2. P2P buying and selling
BingX P2P buying and selling permits customers to purchase and promote cryptocurrencies straight utilizing fiat foreign money in a safe surroundings by way of an escrow service. KYC-verified eligible customers can navigate to the P2P part, provoke trades, and pay utilizing third-party platforms and property which are launched upon fee affirmation.
3. Spot buying and selling
BingX presents spot buying and selling by way of a user-friendly interface, providing over 820 cryptocurrencies, principally paired with USDT as collateral. Customers can set worth alerts to obtain notifications when the property attain the predetermined worth utilizing charts supported by TradingView. The product additionally helps numerous order varieties, together with Market, Restrict, Take-Revenue, and Cease-Loss orders.
4. Futures buying and selling
Skilled merchants can make the most of perpetual futures buying and selling, that includes over 280 contracts and 150x leverage. Moreover, customers can even commerce foreign exchange, indices, and commodities with as much as 200x leverage.
Commonplace futures contracts: BingX presents commonplace futures contract that adhere to basic buying and selling market guidelines, with an open and shutting time for the market. The relevant payment for this product, which is simply out there on weekdays, is mounted at 0.045% for all order varieties.Perpetual futures contracts: The platform’s perpetual futures contract is a spinoff that allows customers to invest on the worth actions of property with out expiration dates. The contracts that permit for lengthy and quick positions are settled in cryptocurrency. To extend the revenue potential, BingX presents leverage by way of a funding fee mechanism that retains the contract’s worth aligned with the spot market.
5. Grid buying and selling bots
Merchants can entry BingX’s buying and selling bots, referred to as grids, to automate their buying and selling and earn income even after they’re asleep. The platform options an in depth assortment of grids for each spot and futures buying and selling. The futures grid has over 27,000 customers with $41.6 million in funding, whereas the spot grid has over 160,000 customers with $39.8 million in funding.
6. Copy buying and selling
The BingX copy buying and selling function permits inexperienced persons to mimic knowledgeable merchants’ strikes as they study their strategies and earn earnings. The function permits new customers to take part in social buying and selling by deciding on consultants they wish to copy primarily based on APY, conservative strategy, ROI, trending, and rising stars, amongst different elements. You solely want 110 USDT in your account and have traded for a minimum of 30 days to turn into eligible for social buying and selling.
7. BingX Card
The BingX Card is a crypto debit card, supported by Mastercard, giving customers the power to spend their cryptocurrency conveniently. The cardboard is funded by way of cryptocurrency deposits and is offered in both digital or bodily kind, which you should use at shops or ATMs.
BingX Assessment: Cellular App & Consumer Expertise
BingX presents an intuitive cellular app with a user-friendly design, making it excellent for each novice and skilled merchants. The App facilitates a safe and seamless buying and selling expertise, integrating AI functionalities into some merchandise. The cellular App’s key options embrace:
AI-powered Strategist: Dunned “BingX AI Grasp,” it presents market insights and methods for data-based selections.Complete Buying and selling Choices: Allows customers to simply entry spot, futures, and perpetual swaps, in addition to instruments like stop-loss and restrict orders.Demo buying and selling: The demo account permits new futures merchants to study by way of a simulated system with out risking actual funds.“Wealth” part: The function facilitates incomes rewards on crypto property whereas equally utilizing them for margin on different buying and selling merchandise.Actual-time monitoring: The App helps customers keep knowledgeable on market adjustments with real-time information on the desktop and cellular platforms.Safe Transactions: The BingX cellular app’s safety features embrace two-factor authentication (2FA) and biometric identification, which safeguard person information and property, stopping unauthorized entry.
BingX Charges Assessment
BingX imposes charges for spot and futures buying and selling, in addition to withdrawals and deposits. The platform employs the standard maker-taker payment mannequin.
Maker Price: You pay maker charges for including liquidity if you place a restrict order. The fee is decrease and applies to restrict orders that aren’t crammed instantly.Taker Price: Payable if you place an order matching an current order and take away liquidity. The payment is increased and is crammed instantly.
Buying and selling Charges
The BingX charges are primarily based on a person’s VIP stage, which is decided by their cumulative asset worth or buying and selling quantity. The upper the VIP stage, the decrease the relevant charges.
1. Spot Charges : The usual payment on BingX is 0.10% for each makers and takers. Customers can take pleasure in reductions as their spot buying and selling quantity will increase.
2. Futures Charges: The payment construction for the BingX futures market resembles the spot buying and selling one, however comes with increased necessities.
Commonplace contracts: 0.045% for each makers and takers, together with autonomous and replica buying and selling.Perpetual contracts: Charges for perpetual futures are set at 0.02% for makers and 0.05% for takers.
Deposits and Withdrawal Charges
There isn’t any relevant deposit payment for cryptocurrency deposits on BingX. Nonetheless, chances are you’ll encounter community charges primarily based on the community you’re utilizing or when utilizing an exterior pockets. BingX doesn’t cost fiat deposits executed by way of SEPA or SEPA on the spot financial institution transfers.
Withdrawal charges on BingX could differ relying on the precise cryptocurrency and blockchain chosen for withdrawal. The prices are additionally adjusted relying on the state of community congestion on the time of the transaction. Customers will obtain a 0.1% withdrawal payment for fiat withdrawals utilizing SEPA and SEPA on the spot financial institution transfers.
What are the BingX Withdrawal Limits?
A person’s BingX withdrawal limits relies on their stage of KYC verification. Unverified merchants have a day by day restrict of 20,000 USDT, whereas customers with superior KYC verification have a limiteless withdrawal restrict of 5,000,000 USDT.
BingX VIP Charges
BingX VIP merchants take pleasure in decreased charges for spot and futures buying and selling along with different premium rewards. The precise prices are primarily based on the dealer’s VIP stage, which is decided by the asset threshold and commerce volumes.
Spot Buying and selling VIP Charges
VIP Stage 30-Day Spot Buying and selling Quantity (USDT)Spot Maker FeeSpot Taker FeeVIP 0< 1,000,0000.1000percent0.1000percentVIP 1≥ 1,000,0000.0350percent0.0600percentVIP 2≥ 2,000,0000.0200percent0.0500percentVIP 3≥ 4,000,0000.0150percent0.0450percentVIP 4≥ 6,000,000(API Buying and selling Quantity ≤ 20%)0.0125percent0.0375percentVIP 5≥ 8,000,000(API Buying and selling Quantity ≤ 20%)0.0100percent0.0325percentSupreme VIP≥ 15,000,000(API Buying and selling Quantity ≤ 20%)0.0050percent0.0200%
Futures Buying and selling VIP Charges
VIP Stage 30-Day Futures Buying and selling Quantity (USDT)Futures Maker FeeFutures Taker FeeVIP 0< 10,000,0000.0200percent0.0500percentVIP 1≥ 10,000,0000.0140percent0.0400percentVIP 2≥ 20,000,0000.0120percent0.0375percentVIP 3≥ 50,000,0000.0100percent0.0350percentVIP 4≥ 100,000,000(API Buying and selling Quantity ≤ 20%)0.0080percent0.0315percentVIP 5≥ 200,000,000(API Buying and selling Quantity ≤ 20%)0.0060percent0.0300percentSupreme VIP≥ 600,000,000(API Buying and selling Quantity ≤ 20%)0.0000percent0.0280%
BingX Assessment: Is BingX Protected?
BingX is a respectable cryptocurrency trade that can also be secure to make use of. Nevertheless, it’s important for customers to pay attention to any inherent dangers and to implement safety measures to guard their property.
The platform is licensed in numerous areas, together with Australia (AUSTRAC compliance), the EU (MTR license), and the US (MSB license). BingX additionally emphasizes adhering to native laws within the jurisdictions the place it operates.
Nonetheless, the platform faces sure challenges, most notably regional limitations, making it unavailable in BingX restricted international locations such because the USA, UK, North Korea, Canada, and others. Moreover, the platform skilled a sizzling pockets breach incident in September 2024, throughout which roughly $43 million in property had been stolen.
Nevertheless, the trade responded rapidly to the incident, pausing withdrawals, stating that almost all of funds had been untouched in chilly wallets. Following the safety breach, BingX additional tightened its safety measures. In line with CER.dwell, BingX operates beneath 100% server safety and has handed many penetration exams.
Safety Measures
The next are among the many strong safety measures that the platform undertakes to ensure person information and asset safety and make BingX secure:
Two-Issue Authentication (2FA): The trade encourages customers to implement two-factor authentication as an additional safety layer to guard person funds. The platform has additional partnered with trusted identification verification agency Sumsub to reinforce the KYC verification course of.Transparency with Proof-of-Reserves: BingX maintains 100% proof of reserves by way of main cybersecurity organizations. This acts as a assure that the trade holds ample reserves to cowl person property.Chilly Storage and Asset Safety: BingX supplies superior asset safety by way of chilly storage options, preserving the vast majority of person property offline and secure from cyberattacks.Ongoing Safety Enhancements: In its efforts to additional improve safety, BingX just lately launched ShieldX, an upgraded firewall providing round the clock safety. The trade was just lately rated BBB by CER.dwell with a 76% safety rating.
How one can Use BingX?
You could have a buying and selling account earlier than you may start utilizing BingX. The next is a step-by-step strategy of opening a person account at BingX:
How one can Open a BingX Account?
Here’s a fast perception into opening a BingX account. All the time watch out to click on on an official hyperlink earlier than you begin buying and selling to keep away from getting scammed:
Navigate to BingX: Go to the official BingX web site, navigate to the highest proper nook, find “Signal Up,” and press to proceed.Select a registration technique: On the “Get Began” web page, choose between registering together with your electronic mail handle, cellphone quantity, or signing in with Google to create an account.Move safety verification: After registration, you’ll obtain a PIN code from BingX. Enter the one-time PIN within the house on the next web page.Discover your account: After getting into the one-time PIN, the system will direct you to your new private account. Take the time to discover your new account, implement safety measures, and full KYC verification to extend account limits.
How one can Commerce on BingX?
Earlier than buying and selling, guarantee your BingX account is funded. Learners can begin with a demo account to follow risk-free.
Step 1: Deposit Funds
Use a credit score/debit card, Apple Pay, Google Pay, or financial institution switch.Switch crypto from one other pockets or trade.Use P2P buying and selling to purchase crypto straight from different customers.
Step 2: Select a Buying and selling Methodology
Spot Buying and selling
Navigate to the Spot market and choose a buying and selling pair (e.g., BTC/ETH).Place a market order for quick execution or a restrict order to set your worth.Verify the quantity and execute your purchase or promote order.
Futures Buying and selling
Go to the Futures web page and select Perpetual or Commonplace Futures.Choose a buying and selling pair (e.g., BTC/USDT) and margin mode (Cross or Remoted).Set your leverage and buying and selling course (Lengthy or Brief).Place your order and optionally set stop-loss and take-profit to handle threat.
Copy Buying and selling
Observe skilled merchants by allocating a portion of your funds to robotically replicate their trades.
How one can Deposit & Withdraw at BingX?
Depositing Crypto
Log in and go to Belongings → Deposit.Choose the crypto (BTC, ETH, USDT, and so forth.) and blockchain community.Copy the deposit handle and switch funds out of your pockets or trade.Look forward to community confirmations and confirm in Belongings.
Withdrawing Crypto
Go to Belongings → Withdraw.Select the crypto asset.For exterior wallets, choose On-chain withdrawal, enter the handle, community, and quantity.For one more BingX person, select Inner Switch and enter recipient information.Verify particulars and faucet Withdraw.
Depositing Fiat
Click on Purchase Crypto → Fiat Deposit and full KYC.Choose fiat foreign money, enter the quantity, and switch utilizing the offered reference.Funds normally arrive in 1–3 days. No deposit charges.
Withdrawing Fiat
Convert crypto to fiat by way of Fund Account → Convert → Convert Fiat.Enter the quantity and choose your KYC-verified checking account.Withdrawal takes 1–3 days. Charges: SEPA 0.1% (min 2 EUR), SWIFT 30 EUR.
Greatest Alternate options to BingX for Crypto Buying and selling
Crypto ExchangeCryptos SupportedStakingLeverage TradingKYC VerificationBest ForBinance500+Yes125xYesDeep Liquidity, Massive MarketOKX400+Yes125xYesSpot & Derivatives, Web3 WalletBybit490+Yes100xPartialDerivatives, Low FeesKuCoin700+Yes100xPartialAltcoins, Buying and selling BotsKraken250+Yes50xYesSecurity, Regulatory ComplianceMEXC2,700+Limited200xNoMeme Cash, Intensive Choice
BingX Buyer Help
BingX supplies customers with complete assist throughout a number of channels. The platform options an in depth Assist Heart with FAQs and guides, providing sensible options for buying and selling and interface-related queries, typically linked straight from the app’s buying and selling screens. Customers can even search help by way of social media channels akin to Fb, Instagram, and X by submitting assist tickets. For real-time help, BingX presents 24/7 Dwell Chat, whereas electronic mail assist addresses extra advanced inquiries.
The trade additionally maintains an energetic presence on Telegram, Twitter, and Discord, permitting customers to interact with the group. Response instances are usually sooner than most different exchanges, and high-volume merchants with VIP standing obtain devoted account managers for customized assist.
Conclusion: Is BingX a Good Change?
BingX is a good cryptocurrency trade providing a variety of buying and selling providers, superior options, and robust safety. The platform helps spot buying and selling, copy buying and selling, derivatives, a referral program, and asset administration. BingX’s intuitive and user-friendly interface supplies a seamless buying and selling expertise, making it excellent for each inexperienced persons and extra skilled customers.
Customers can earn passive earnings by way of BingX Wealth merchandise and entry principal-guaranteed Shark Fin merchandise. With a tiered payment construction and VIP ranges, many take pleasure in decreased buying and selling charges and reductions. BingX additionally prioritizes KYC compliance, offering a safe and dependable surroundings for crypto buying and selling platform.
FAQs
Is BingX a secure trade?
In line with CER. Dwell, BingX has a safety score of BBB with a 76% rating. The platform has handed authorized penetration exams, has an ongoing bug bounty program, and has undergone proof-of-reserves audits. All these make BingX a comparatively secure cryptocurrency trade.
Is BingX out there within the USA?
Sadly, cryptocurrency merchants within the US can’t straight entry BingX because of regulatory considerations. US-based merchants could take into account exchanges working inside the native regulatory framework, akin to Coinbase, Kraken, or Binance.US.
Which cryptocurrencies does BingX assist?
BingX helps a wide range of crypto property, together with main cash akin to Bitcoin, Ethereum, Solana, and USDT. The trade additionally presents main altcoins like XRP, LTC, DOGE, ADA, BNB, LINK, and PEPE, amongst others. Customers might also entry the newest property, together with BRC-20 tokens, in addition to different cash and international indexes.
Is BingX a dependable platform for inexperienced persons?
BingX trade is a perfect cryptocurrency trade for people new to cryptocurrency buying and selling. The trade supplies a user-friendly buying and selling platform with a handy interface that makes studying simple. Moreover, BingX options an in depth schooling middle that provides a complete vary of sources for brand new merchants. Trending merchants can even earn passive earnings makes the trade a great place for novices to begin.
