Are you in search of a dependable cryptocurrency trade to execute superior buying and selling methods? Our BingX evaluation dives into all the pieces that you must 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 gives a complete ecosystem for each newbies and seasoned merchants. Uncover its charges, safety measures, supported belongings, and distinctive options to see if BingX is the appropriate trade in your crypto journey.
BingX Trade Assessment: At a Look
Crypto ExchangeBingXLaunch Year2018FounderJosh LuKey FeaturesAI-powered services, together with derivatives, spot buying and selling, and replica tradingSupported Cryptocurrencies1,000+cryptocurrenciesSecurity MeasuresMulti-Issue Authentication (MFA), Anti-Phishing Codes, Withdrawal Whitelists, sturdy 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 Cost 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.Cell 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 companies to over 20 million customers worldwide. CoinMarketCap ranks BingX among the many high 20 spot buying and selling exchanges and fifteenth when it comes to site visitors, commerce quantity, and liquidity. Our BingX evaluation discovered that it affords buying and selling companies and merchandise best for each newbies and skilled merchants.
BingX boasts a collection of instruments and options designed to reinforce customers’ buying and selling proficiency. Among the many companies are spot and derivatives buying and selling, copy buying and selling, and asset administration, amongst others. BingX takes safety significantly, 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.Presents spot, derivatives, copy buying and selling, staking, and automatic buying and selling.Demo buying and selling characteristic for follow with out monetary threat.Low buying and selling charges and a number of fiat deposit/withdrawal choices.Simple-to-use interface and cell app for buying and selling on the go.24/7 responsive buyer assist.
Cons of BingX
Greater withdrawal charges in comparison with different exchanges.KYC verification required for sure options.Buyer assist restricted to e-mail and reside 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 accessible within the US, UK, and Canada.
BingX Assessment: Finest Options of the BingX
BingX is jam-packed with quite a few options, merchandise, and companies designed for energetic and conservative merchants. These embody the next:
1. BingX wealth
BingX Wealth is a platform characteristic that allows customers achieve publicity and to earn curiosity on their idle cryptocurrencies. The product requires no subscription or redemption price 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 wherever.
Fastened-Time period Merchandise
Customers can lock their crypto belongings and look ahead to a steady ROI, protected by threat management measures.The instrument begins and ends on set timelines and predetermined dates.Customers can anticipate the maturation date of their funding, and the yields are predictable.Fastened Earnings: 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 belongings 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 price is charged, and customers can redeem their principal and curiosity inside at some point.Shark Fin is probably profitable, particularly in instances of market volatility.
Benefits of the product
Capital Preservation: BingX Wealth gives customers with the chance to earn a constant passive revenue with out locking up funds in staking swimming pools for prolonged intervals.Zero Charges: No subscription or redemption charges apply.Strong and Dependable: BingX affords common proof-of-reserves (POR) verification, guaranteeing 100% asset collateralization. The common publication of POR enhances consumer 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 means of an escrow service. KYC-verified eligible customers can navigate to the P2P part, provoke trades, and pay utilizing third-party platforms and belongings which can be launched upon fee affirmation.
3. Spot buying and selling
BingX affords spot buying and selling through a user-friendly interface, providing over 820 cryptocurrencies, largely paired with USDT as collateral. Customers can set value alerts to obtain notifications when the belongings attain the predetermined worth utilizing charts supported by TradingView. The product additionally helps varied 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 may also commerce foreign exchange, indices, and commodities with as much as 200x leverage.
Commonplace futures contracts: BingX affords commonplace futures contract that adhere to basic buying and selling market guidelines, with an open and shutting time for the market. The relevant price for this product, which is barely accessible on weekdays, is fastened at 0.045% for all order varieties.Perpetual futures contracts: The platform’s perpetual futures contract is a spinoff that allows customers to take a position on the worth actions of belongings with out expiration dates. The contracts that enable for lengthy and brief positions are settled in cryptocurrency. To extend the revenue potential, BingX affords leverage through a funding charge mechanism that retains the contract’s value 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 intensive 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 characteristic permits newbies to mimic skilled merchants’ strikes as they study their methods and earn revenue. The characteristic permits new customers to take part in social buying and selling by deciding on specialists they wish to copy based mostly on APY, conservative strategy, ROI, trending, and rising stars, amongst different elements. You solely want 110 USDT in your account and have traded for not less than 30 days to grow to be 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 through cryptocurrency deposits and is accessible in both digital or bodily type, which you should use at shops or ATMs.
BingX Assessment: Cell App & Consumer Expertise
BingX affords an intuitive cell app with a user-friendly design, making it best for each novice and skilled merchants. The App facilitates a safe and seamless buying and selling expertise, integrating AI functionalities into some merchandise. The cell App’s key options embody:
AI-powered Strategist: Dunned “BingX AI Grasp,” it affords 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 through a simulated system with out risking actual funds.“Wealth” part: The characteristic facilitates incomes rewards on crypto belongings 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 cell platforms.Safe Transactions: The BingX cell app’s security measures embody two-factor authentication (2FA) and biometric identification, which safeguard consumer information and belongings, 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 normal maker-taker price mannequin.
Maker Price: You pay maker charges for including liquidity once you place a restrict order. The price is decrease and applies to restrict orders that aren’t stuffed instantly.Taker Price: Payable once you place an order matching an present order and take away liquidity. The price is greater and is stuffed instantly.
Buying and selling Charges
The BingX charges are based mostly on a consumer’s VIP degree, which is decided by their cumulative asset worth or buying and selling quantity. The upper the VIP degree, the decrease the relevant charges.
1. Spot Charges : The usual price on BingX is 0.10% for each makers and takers. Customers can get pleasure from reductions as their spot buying and selling quantity will increase.
2. Futures Charges: The price construction for the BingX futures market resembles the spot buying and selling one, however comes with greater 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 price for cryptocurrency deposits on BingX. Nonetheless, chances are you’ll encounter community charges based mostly on the community you’re utilizing or when utilizing an exterior pockets. BingX doesn’t cost fiat deposits executed through SEPA or SEPA prompt financial institution transfers.
Withdrawal charges on BingX could range 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 price for fiat withdrawals utilizing SEPA and SEPA prompt financial institution transfers.
What are the BingX Withdrawal Limits?
A consumer’s BingX withdrawal limits relies on their degree of KYC verification. Unverified merchants have a day by day restrict of 20,000 USDT, whereas customers with superior KYC verification have an infinite withdrawal restrict of 5,000,000 USDT.
BingX VIP Charges
BingX VIP merchants get pleasure from lowered charges for spot and futures buying and selling along with different premium rewards. The precise prices are based mostly on the dealer’s VIP degree, 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 Secure?
BingX is a authentic cryptocurrency trade that can also be secure to make use of. Nonetheless, it’s important for customers to concentrate on any inherent dangers and to implement safety measures to guard their belongings.
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 nations such because the USA, UK, North Korea, Canada, and others. Moreover, the platform skilled a scorching pockets breach incident in September 2024, throughout which roughly $43 million in belongings had been stolen.
Nonetheless, the trade responded shortly 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 accordance with CER.reside, BingX operates beneath 100% server safety and has handed many penetration assessments.
Safety Measures
The next are among the many strong safety measures that the platform undertakes to ensure consumer 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 consumer funds. The platform has additional partnered with trusted id verification agency Sumsub to reinforce the KYC verification course of.Transparency with Proof-of-Reserves: BingX maintains 100% proof of reserves through main cybersecurity organizations. This acts as a assure that the trade holds enough reserves to cowl consumer belongings.Chilly Storage and Asset Safety: BingX gives superior asset safety by means of chilly storage options, conserving the vast majority of consumer belongings offline and secure from cyberattacks.Ongoing Safety Enhancements: In its efforts to additional improve safety, BingX not too long ago launched ShieldX, an upgraded firewall providing round the clock safety. The trade was not too long ago rated BBB by CER.reside with a 76% safety rating.
Learn how to Use BingX?
You might want to have a buying and selling account earlier than you may start utilizing BingX. The next is a step-by-step means of opening a consumer account at BingX:
Learn how to 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 methodology: On the “Get Began” web page, choose between registering along with your e-mail handle, cellphone quantity, or signing in with Google to create an account.Cross 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 coming 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.
Learn how to Commerce on BingX?
Earlier than buying and selling, guarantee your BingX account is funded. Novices 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 Technique
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 instant execution or a restrict order to set your value.Affirm 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 Quick).Place your order and optionally set stop-loss and take-profit to handle threat.
Copy Buying and selling
Comply with skilled merchants by allocating a portion of your funds to mechanically replicate their trades.
Learn how to 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.Anticipate 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 an additional BingX consumer, select Inner Switch and enter recipient data.Affirm 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 supplied reference.Funds often arrive in 1–3 days. No deposit charges.
Withdrawing Fiat
Convert crypto to fiat through 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.
Finest Options to BingX for Crypto Buying and selling
Crypto ExchangeCryptos SupportedStakingLeverage TradingKYC VerificationBest ForBinance500+Yes125xYesDeep Liquidity, Giant MarketOKX400+Yes125xYesSpot & Derivatives, Web3 WalletBybit490+Yes100xPartialDerivatives, Low FeesKuCoin700+Yes100xPartialAltcoins, Buying and selling BotsKraken250+Yes50xYesSecurity, Regulatory ComplianceMEXC2,700+Limited200xNoMeme Cash, In depth Choice
BingX Buyer Assist
BingX gives customers with complete assist throughout a number of channels. The platform options an intensive Assist Middle with FAQs and guides, providing sensible options for buying and selling and interface-related queries, usually linked straight from the app’s buying and selling screens. Customers may also search help through social media channels resembling Fb, Instagram, and X by submitting assist tickets. For real-time help, BingX affords 24/7 Reside Chat, whereas e-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 typically quicker than most different exchanges, and high-volume merchants with VIP standing obtain devoted account managers for customized assist.
Conclusion: Is BingX a Good Trade?
BingX is a good cryptocurrency trade providing a variety of buying and selling companies, 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 gives a seamless buying and selling expertise, making it best for each newbies and extra skilled customers.
Customers can earn passive revenue by means of BingX Wealth merchandise and entry principal-guaranteed Shark Fin merchandise. With a tiered price construction and VIP ranges, many get pleasure from lowered 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 accordance with CER. Reside, BingX has a safety ranking of BBB with a 76% rating. The platform has handed accepted penetration assessments, has an ongoing bug bounty program, and has undergone proof-of-reserves audits. All these make BingX a comparatively secure cryptocurrency trade.
Is BingX accessible within the USA?
Sadly, cryptocurrency merchants within the US can not straight entry BingX on account of regulatory considerations. US-based merchants could think about exchanges working throughout the native regulatory framework, resembling Coinbase, Kraken, or Binance.US.
Which cryptocurrencies does BingX assist?
BingX helps quite a lot of crypto belongings, together with main cash resembling Bitcoin, Ethereum, Solana, and USDT. The trade additionally affords main altcoins like XRP, LTC, DOGE, ADA, BNB, LINK, and PEPE, amongst others. Customers might also entry the most recent belongings, together with BRC-20 tokens, in addition to different cash and world indexes.
Is BingX a dependable platform for newbies?
BingX trade is a perfect cryptocurrency trade for people new to cryptocurrency buying and selling. The trade gives a user-friendly buying and selling platform with a handy interface that makes studying simple. Moreover, BingX options an intensive training heart that provides a complete vary of sources for brand new merchants. Trending merchants may also earn passive revenue makes the trade an excellent place for novices to begin.
