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:
- Enter your email address
- Create a strong password (a mix of letters, numbers, and symbols is recommended)
- (Optional) Enter a referral code
- Accept the Terms of Service
- Click "Sign Up"
Phone Registration:
- Select your country code
- Enter your phone number
- Create a password
- 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.