BingX

BingX Go to website

Web site: https://bingx.com/en/

Sign up bonus

Sign up by this link to claim Bonus 6000+ USDT.

What is BingX Cryptocurrency Exchange?

BingX is a cryptocurrency exchange that provides a platform for trading digital assets. Founded in 2018, it caters to traders interested in spot trading, futures trading, and social features such as copy trading. BingX allows users not only to trade cryptocurrencies but also to earn through staking and P2P trading.

Who Owns BingX and Where is It Based?

BingX is an international exchange with licenses in multiple jurisdictions. The exchange is registered in Lithuania, with its headquarters located in Singapore. It is regulated in Lithuania and Australia, and its offices are spread across Asia, Oceania, Europe, and South America. BingX operates in over 100 countries worldwide.

Advantages and disadvantages of BingX

Advantages:

  •  Social Trading & Copy Trading – A unique feature allowing users to copy trades of successful traders.
  •  User-Friendly Interface – Suitable for both beginners and experienced traders.
  •  Wide Range of Trading Tools – Supports spot, margin, and futures trading, as well as staking.
  •  Regulated & Secure – The exchange complies with international security standards and holds licenses in multiple jurisdictions. To ensure asset safety, BingX employs advanced security measures such as two-factor authentication (2FA) and cold wallet storage.
  •  Diverse Asset Selection – Access to popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and various altcoins.
  •  Mobile App – Full functionality is available through the BingX mobile application.
  •  Low Trading Fees – Competitive fee structure.
  •  No Mandatory Verification – Users can trade without completing KYC verification.
  •  24/7 Customer Support – Available via live chat, email, and social media.

Disadvantages:

  • Limited Local Support – Some regions may face restrictions due to regulatory policies.
  • High Fees for Inactive Traders – Fees may be less competitive for users who do not trade in high volumes.
  • Lack of Transparency – Compared to larger exchanges (e.g., Binance), there is less publicly available information about the company's structure.

BingX Features

  • Spot Trading. Buying and selling cryptocurrencies at market price, with over 1,000 trading pairs available.
  • Futures & Derivatives. Trade with leverage, allowing for both long and short positions.
  • Copy Trading. Users can automatically copy the trades of experienced traders.
  • P2P Trading. Allows users to buy and sell cryptocurrency directly with one another, without the exchange acting as an intermediary.
  • Staking. Earn passive income by holding certain cryptocurrencies.

How to Register on BingX

The registration process is straightforward:

Provide an email address or phone number, create a secure password, confirm your account/

Email Registration:

  1. Enter your email address
  2. Create a strong password (a mix of letters, numbers, and symbols is recommended)
  3. (Optional) Enter a referral code
  4. Accept the Terms of Service
  5. Click "Sign Up"

Phone Registration:

  1. Select your country code
  2. Enter your phone number
  3. Create a password
  4. Click "Sign Up"

Account Verification:

  • Email Users: Check your inbox for a confirmation email and click the link.
  • Phone Users: Enter the confirmation code sent to your phone.

After verification, BingX will prompt you to set up 2FA for added security and configure additional security features, such as a withdrawal password.

Verification (KYC) on BingX

Verification is not mandatory, but KYC (Know Your Customer) is required for withdrawing large amounts, accessing advanced features, such as P2P trading.

How to Complete KYC Verification:

  • Go to the "Verification" section in your account.
  • Upload an identity document (passport, driver's license, or national ID card).
  • Take a selfie for facial verification.
  • Provide proof of address (utility bill, bank statement, etc.).

Deposits and Withdrawals

Deposit Methods:

  • Crypto Deposits: Transfer coins from an external wallet.
  • Fiat Deposits: Supported via bank cards and P2P exchange.

BingX offers multiple payment options for buying and selling cryptocurrency, including:

  • Bank Cards (Visa, Mastercard, UnionPay)
  • Crypto Transfers
  • Payment Systems (Apple Pay, Google Pay, SEPA, etc.)

Withdrawal Rules:

  • Minimum withdrawal limits vary depending on the cryptocurrency.
  • Network fees apply and differ by asset (e.g., BTC withdrawal fees are based on network congestion).

How P2P Trading Works on BingX

In P2P trading, users buy and sell cryptocurrency directly with each other, without an intermediary. BingX provides a secure platform with an escrow system to protect both buyers and sellers. KYC verification is required to access P2P trading.

BingX P2P Features:

  • No trading fees – the seller’s profit comes from the price difference.
  • Multiple payment options – bank transfers, e-wallets, instant payment systems, etc.
  • Main cryptocurrencies available – Bitcoin (BTC), Ethereum (ETH), USDT, and more.
  • Flexible pricing – sellers set their own rates, allowing buyers to find the best offers.
  • Escrow protection – prevents fraud by holding funds securely until the transaction is confirmed.

Staking on BingX

BingX allows users to earn passive income through staking, which involves holding crypto in a dedicated wallet to receive rewards.

Types of Staking:

  • Flexible Staking: Withdraw funds anytime, but with lower returns.
  • Fixed Staking: Funds are locked for a set period, offering higher APY rewards.

Fees

Spot Trading Fees:

  • Maker fee: 0.1%
  • Taker fee: 0.1%

Futures Trading Fees:

Perpetual Futures: Maker fee: 0.02%. Taker fee: 0.05%

Copy trading for Binance Futures follows the same fee structure as perpetual futures.

Standard Futures: Platform fee: 0.045%

Trading fee is deducted only when closing a position.

P2P Fees:

P2P transactions are usually fee-free, but the exchange rate may be higher than market prices.

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Supported countries

  • Abkhazia
  • Aland Islands
  • Albania
  • Algeria
  • American Samoa
  • Andorra
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia, plurinational state of
  • Bonaire, Sint Eustatius and Saba
  • Bosnia and Herzegovina
  • Botswana
  • Bouvet Island
  • Brazil
  • British Indian Ocean Territory
  • Brunei Darussalam
  • Bulgaria
  • Burkina Faso
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Chad
  • Chile
  • Christmas Island
  • Cocos (Keeling) Islands
  • Colombia
  • Comoros
  • Cook Islands
  • Costa Rica
  • Cote d'Ivoire
  • Croatia
  • Curasao
  • Cyprus
  • Czech Republic
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Falkland Islands (Malvinas)
  • Faroe Islands
  • Fiji
  • Finland
  • France
  • French Guiana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guadeloupe
  • Guam
  • Guatemala
  • Guernsey
  • Guyana
  • Haiti
  • Heard Island and McDonald Islands
  • Holy See (Vatican City State)
  • Honduras
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Ireland
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Korea, Democratic People's republic of
  • Korea, Republic of
  • Kuwait
  • Kyrgyzstan
  • Lao People's Democratic Republic
  • Latvia
  • Lesotho
  • Liberia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macedonia, The Former Yugoslav Republic Of
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia, Federated States of
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • New Caledonia
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norfolk Island
  • Northern Mariana Islands
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestinian Territory, Occupied
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Pitcairn
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Reunion
  • Romania
  • Russia
  • Rwanda
  • Saint Barthlemy
  • Saint Helena, Ascension And Tristan Da Cunha
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin (French Part)
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Seychelles
  • Sierra Leone
  • Singapore
  • Sint Maarten
  • Slovakia
  • Slovenia
  • Solomon Islands
  • South Africa
  • South Georgia and the South Sandwich Islands
  • South Ossetia
  • Spain
  • Sri Lanka
  • Suriname
  • Svalbard and Jan Mayen
  • Swaziland
  • Sweden
  • Switzerland
  • Taiwan, Province of China
  • Tajikistan
  • Tanzania, United Republic Of
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States Minor Outlying Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Vietnam
  • Virgin Islands, British
  • Virgin Islands, U.S.
  • Wallis and Futuna
  • Western Sahara
  • Zambia


Trading Fees

Spot Trading Fee maker/taker
Futures Trading Fee maker/taker
P2P
Sign up bonus
Spot Trading Fee maker/taker
0.1% / 0.1%

Futures Trading Fee maker/taker
0.02% / 0.05%
P2P
check icon
Sign up bonus
Sign up by this link to claim Bonus 6000+ USDT.

Compare BingX with other exchanges


Company
Spot Trading Fee maker/taker
Futures Trading Fee maker/taker
P2P
Sign up bonus
Spot Trading Fee maker/taker
0.08% / 0.1%
Futures Trading Fee maker/taker
0.02% / 0.05%
P2P
check icon
-
Spot Trading Fee maker/taker
0.1% / 0.1%
Futures Trading Fee maker/taker
0.02% / 0.05%
P2P
check icon
-
Spot Trading Fee maker/taker
0.1% / 0.1%
Futures Trading Fee maker/taker
0.02% / 0.06%
P2P
check icon
Sign up bonus
20% discount on trading fees by this link. Refferal code: QBADHKEF
Spot Trading Fee maker/taker
0.1% / 0.1%
Futures Trading Fee maker/taker
0.02% / 0.05%
P2P
check icon
Sign up bonus
20% discount on trading commission + mystery box by this link
Spot Trading Fee maker/taker
0.1% / 0.1%
Futures Trading Fee maker/taker
0.036% / 0.1%
P2P
check icon
Sign up bonus
Sign up by this link to claim ByBit Bonus. Referral code: BONUS10

Reviews about the BingX

14.02.2025

Juan

The first time I tried withdrawing funds, it took longer than expected, but it was resolved. Some network fees for crypto withdrawals are high depending on the coin.

13.02.2025

Jessica M.

The copy trading feature is really useful, especially for beginners. I was able to follow experienced traders without much effort. The interface is simple and easy to use, both on the website and the mobile app.

12.02.2025

Oscar Graham

Overall, my experience has been good, but there are some issues. There are many trading options, including spot, futures, and P2P trading, which gives a lot of flexibility. KYC is not mandatory for basic trading, which makes it easy to start using the platform.



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