Review BingX

📘 General information about the BingX exchange

BingX is an international cryptocurrency exchange founded in 2018, with more than 10 million users worldwide. The platform provides access to spot cryptocurrency trading, perpetual futures with high leverage (up to 150x on BTC and 125x on ETH), and also supports social trading (copy trading) and investment products for passive income.

• Spot trading, leveraged futures, social trading (copy trading)
• Global presence (150+ countries), support for 18 languages (Russian, English, etc.)
• Earn products (interest-bearing deposits), P2P exchange, and regular bonus programs

BingX actively complies with local regulations; therefore, the service is unavailable to users from the United States, the United Kingdom, China, and a number of other jurisdictions. The exchange is officially licensed by regulators in Australia (AUSTRAC) and Lithuania, underscoring its commitment to high legal standards. BingX shows strong trading activity: daily volume on the spot market reaches ~$355 million, and on the futures market up to $5 billion. The exchange supports more than 750 cryptocurrencies and thousands of trading pairs, including popular BTC, ETH, SOL, ADA, as well as memecoins (DOGE, PEPE, SHIB, etc.). As of 2025, BingX’s largest markets are Ukraine, Russia, Germany, India, and Brazil, highlighting the platform’s popularity among Russian‑speaking traders. In 2024, BingX became the official crypto partner of the Chelsea football club, significantly strengthening its brand recognition globally.

💱 Spot trading on BingX

On BingX’s spot market there are more than 750 cryptocurrencies and over 840 trading pairs — from leading coins like BTC and ETH to rare altcoins. Trading is carried out under the classic maker/taker system, with the same fee for all user tiers: 0.1% per trade (for makers and takers).

• Base fee: 0.1% (maker/taker), reduced to 0.005%/0.02% for high‑tier VIP traders.
• Advanced terminal: limit, market and stop orders; TradingView charts with a set of indicators.
• Quick exchange: the “Convert” function for instant buying and selling of cryptocurrencies without a complex interface.

The spot platform interface is intuitive and suitable for traders of any level. Users have access to TradingView charts with technical indicators, the order book, and a real‑time trade feed. You can easily switch between pairs, track your portfolio and order history. The BingX mobile app (iOS/Android) has the full functionality of the web version and lets you trade comfortably anytime, anywhere. For beginners, there is a demo‑trading mode where you can practice risk‑free with virtual funds, testing strategies before starting with real capital.

📈 Futures with leverage

Derivatives (futures trading) are one of BingX’s key areas. The exchange offers perpetual futures on popular cryptocurrencies with leverage up to 150x on BTC and 125x on ETH. The base fee is very competitive: just 0.02% for makers and 0.05% for takers. For active traders, there is a VIP program that reduces fees to 0% for makers and about 0.028% for takers at the highest level (Supreme VIP).

• Standard futures: simplified trading mode, fee around 0.045%, charged upon closing the position.
• Perpetual futures: professional swap contracts with a funding rate credited or debited every 8 hours; fee 0.02% (maker) / 0.05% (taker).
• VIP discounts: multi‑tier discount system for high‑volume traders, similar to spot trading; fees drop to as low as 0% / ~0.028% at the top tier.

To trade futures you must transfer funds (usually USDT) from your main wallet to a separate futures account. The minimum tick size and lot size are adapted for retail traders: you can start with amounts of just a few USDT, which makes this market convenient for learning. Beginner traders are advised to use small leverage (e.g., 5x or 10x) and always place stop orders to protect against liquidations.

🤖 Social trading and copy trading

One of BingX’s main features is its developed social trading (copy trading) system. The platform has more than 8 million copy connections, allowing users to automatically mirror the trades of experienced traders. Copy trading on BingX enables beginners and time‑constrained investors to earn by following the strategies of professionals. To start copying, simply choose a trader in the “Copy Trading” section from the list of “Trending Traders,” where each trader’s profitability, number of followers, and risk level are shown.

• Copy by Position Ratio: trades are copied in proportion to the copier’s capital. Your position size is automatically scaled relative to the leader’s position (e.g., 10% of their size), resulting in a similar percentage return.
• Copy by Fixed Margin: copying with a fixed margin collateral. You set a fixed amount for each trade regardless of what share of capital the trader uses, which helps you control risk.
• Copy by Spot Grid: copy the spot grid‑bot strategies. The parameters of grid trading (price step, number of orders) used by experienced traders are replicated automatically.

Every trader approved for copying has a public profile with detailed statistics: equity curve, maximum drawdown, number of open positions, and portfolio composition. Subscribers can stop copying at any time or set limits (e.g., a maximum amount per trade, auto‑stop on losses).

Automated trading bots on BingX

In addition to social trading, BingX offers built‑in trading bots that automate trading and let you use ready‑made strategies to profit from volatility:

• Spot Grid: classic grid strategy without leverage — the bot places buy and sell orders within a specified price range, providing regular income from price swings.
• Futures Grid: grid trading with leverage (up to 20×). The bot automatically opens and closes positions within a set range, increasing potential profit during high volatility.
• Infinity Grid: a “never‑ending” grid suited to trending markets — the bot continuously follows a long‑term trend, buying on pullbacks and selling on rises.

🧩 Additional services on BingX

Beyond classic trading, BingX offers many additional features for investors and traders of different experience levels.

💰 BingX Wealth: passive income

BingX provides the managed investment service BingX Wealth, allowing users to earn passive income on cryptocurrency. Flexible and fixed placement programs are available for major coins (USDT, BTC, ETH and others).

• Flexible products: ability to freely add and withdraw funds; interest accrues daily and can be reinvested.
• Fixed‑term deposits: specific placement periods (e.g., 7, 14 or 30 days), after which the principal and earned interest are returned to the user’s account.

Advantages of BingX Wealth include a guarantee of 100% capital protection (obligations are fully covered by reserves confirmed via Proof‑of‑Reserves through a Merkle Tree) and no subscription or redemption fees. Yield depends on current market rates and is generally moderate. VIP clients have access to exclusive products with higher returns and a broader lineup of coins.

🚀 Launchpad (IEO platform)

BingX offers its own Launchpad platform for participating in initial exchange offerings (IEOs). Users can buy new tokens at the starting price before their exchange listing. Participation conditions typically include mandatory KYC and meeting minimum balance or staking requirements (e.g., a certain amount of USDT).

• Project details are published in advance so users can study the information and prepare to participate.
• After subscription, tokens are allocated proportionally to each participant’s contribution.

Launchpad is an opportunity to invest in promising projects at early stages, potentially earning multiple returns after they enter the market. However, keep in mind that participating in IEOs carries risks, as not all projects show steady growth.

🤝 P2P exchange (fiat on‑ramp/off‑ramp)

For convenient fiat deposits and withdrawals, BingX provides its own P2P platform, allowing users to exchange cryptocurrency for fiat (rubles, hryvnia, dollars and other currencies) directly. The exchange acts as guarantor (escrow) in such transactions: the seller’s cryptocurrency is locked until the buyer confirms payment.

• No platform fees: the BingX P2P platform does not charge additional fees for P2P transactions. The seller’s earnings are built only into the exchange rate (spread).
• Wide range of payment options: bank transfers, e‑wallets, various payment systems.

The P2P platform enables users from different countries to top up accounts or withdraw funds quickly and securely without intermediaries. Note: KYC verification is mandatory to use P2P.

📊 Trading traditional markets (Forex, Commodities)

A unique feature of BingX is its integration with the popular MetaTrader 5 trading platform. Thanks to this, users can trade not only cryptocurrencies but also traditional financial assets.

• Forex (currency pairs): trading popular pairs (EUR/USD, GBP/USD and others) is available.
• Commodities: the ability to trade gold, oil and other assets.
• Hedging convenience: diversify assets and hedge crypto positions by trading traditional instruments.

BingX acts as a broker, executing orders on external markets via the MT5 platform. Fees for trading traditional assets are comparable to crypto trading, and margin requirements correspond to Forex market standards (typically 1:100 leverage and above for currency pairs). Full verification is required to access trading on traditional markets.

💳 Crypto Loans

BingX offers a Crypto Loans service that provides instant liquidity secured by your cryptocurrency without selling it. A user can borrow, for example, USDT or another stablecoin by pledging BTC, ETH or another cryptocurrency.

• Flexible terms: interest accrues daily; the loan can be repaid at any time.
• Simplicity: the loan amount depends on the market value of the collateral and the LTV (Loan‑to‑Value) ratio.
• Versatility: the loan can be used for trading, participating in token sales, or withdrawn from the platform.

🎓 Education and competitions

BingX actively supports its users by providing educational materials and holding various competitions and campaigns to reward active traders.

• BingX Academy: articles, guides and videos teaching trading basics, market trend analysis, and crypto industry news.
• Trading competitions: regularly held contests with chances to win cash prizes and bonuses.
• Referral program: invite friends via your referral link and earn up to 20% of their trading fees.
• Loyalty program: VIP statuses with reduced fees and other privileges (account manager, higher limits, early access to new products).
• Rewards Hub: regular tasks and promotions with rewards (bonuses, fee coupons, Mystery Box prizes).

BingX aims to build a loyal community by regularly running promotions, first‑deposit bonuses, fee cashbacks, NFT drops and trader competitions. These activities give traders additional benefits and help them make full use of the platform’s capabilities.

🛡️ Security and regulation

🔐 Protection of user funds and data

BingX adheres to high security standards, applying a number of measures to protect user assets and data:

• Cold storage of assets: most client funds are kept offline in cold wallets, minimizing cyberattack risks.
• Multisignature and encryption: withdrawals require confirmation via multisig addresses of multiple parties, and confidential data are stored in encrypted form.
• Proof‑of‑Reserves (PoR): regular publication of reports using a Merkle Tree to confirm reserves against the exchange’s obligations.
• External audits and bug bounty: regular security assessments by companies like CertiK and SlowMist, as well as a rewards program for white‑hat hackers.
• BingX Shield Fund (insurance fund): a fund of 1,000 BTC + 4,000 ETH + 40,000,000 USDT to compensate client funds in emergencies. For example, after a $42 million attack in September 2024, the fund fully reimbursed users’ losses.

On the user side, all essential security measures are available: two‑factor authentication (2FA via Google Authenticator), anti‑phishing code in emails, operation confirmations by email/SMS, and a withdrawal address whitelist.

🌍 Regulation and legal reliability

BingX is officially registered and licensed in several jurisdictions, providing a high degree of legal protection for users:

• AUSTRAC (Australia): digital currency exchange provider license confirming compliance with AML/CTF standards.
• Lithuania (EU): license from the Lithuanian regulator allowing official operation within the European Union.
• Other regions: ongoing work toward licensing under the MiCA framework in the EU and obtaining a VARA license in the UAE. Plans have also been announced to expand licensing in Hong Kong and Taiwan.

BingX restricts platform access for users from jurisdictions with strict crypto regulation, such as the United States, the United Kingdom, China, Hong Kong, Macao, Singapore, Canada, and the Netherlands, ensuring compliance with international norms and local legislation. Users are advised to carefully study the legal restrictions in their country and ensure that using BingX does not violate local laws.

💸 BingX fees: trading, deposits and withdrawals

BingX features a transparent and competitive fee system that depends on trading volume and the user’s VIP status. The main rates are as follows:

• Spot trading: base fee 0.1% (maker/taker). At the highest VIP tiers it drops to 0.005% (maker) and 0.02% (taker).
• Perpetual futures: 0.02% (maker) and 0.05% (taker); for large traders discounts may reach 0% (maker) and ~0.028% (taker).
• Copy trading: no additional fees for auto‑following. You pay only the standard trading fees for executed trades. A successful mentor trader receives roughly 8–10% of subscribers’ profits.

Deposits and withdrawals

• Deposits: funding your account with cryptocurrency is free. The only cost is the blockchain network fee on transfers.
• Withdrawals: withdrawal fees are market‑based and depend solely on the chosen blockchain (e.g., withdrawing USDT via TRC‑20 costs about 1 USDT; via ERC‑20 about 6 USDT).
• Fiat deposits: via P2P with no exchange fee; only the seller’s exchange‑rate spread may apply.
• Currency conversion: ~0.2% fee for automatic conversion of the deposit currency into the account’s base currency (can be avoided by choosing the desired currency in advance).

How to reduce fees on BingX?

• ✅ Increase your trading volume: over 30 days to obtain VIP status and lower fees.
• 🏆 Participate in VIP programs: promotions are periodically held with temporary VIP status for large deposits.
• 🔗 Register via referral links: get a discount on trading fees (typically ~10% on futures).
• 📊 Use limit orders: by placing limit (maker) orders, you can save up to 0.03% compared to market orders.
• 🌐 Choose low‑cost networks for withdrawals: for example, it’s cheaper to withdraw USDT via Tron (TRC20) or BSC.

❓ BingX fees — FAQ

What is the minimum fee on BingX?

The minimum fee can drop to 0% for makers and around 0.028% for takers at high VIP tiers on futures. On spot, the lowest possible rate is 0.005%.

Are there any hidden fees on the exchange?

No. BingX does not charge for asset storage, account inactivity, or other hidden fees. The only additional costs are the blockchain network fee on withdrawals and the funding fee on perpetual futures.

Is it possible to trade with zero fees?

Completely avoiding fees is impossible, but you can reduce them significantly. We recommend using referral links (fee discounts), raising your VIP level through trading volume, and placing predominantly limit orders.

👥 Verification on BingX: KYC and restrictions

BingX requires identity verification (KYC) to unlock the platform’s full capabilities and raise account limits. Verification is not mandatory, but without it there are significant restrictions. The KYC level system includes three statuses:

• Unverified: trading is unavailable. You can only withdraw previously deposited funds (daily limit — 20,000 USDT). Without KYC, the account is effectively limited to viewing the interface. Since June 2024, BingX has tightened requirements; minimum verification is necessary to access trading.
• Basic KYC: partial verification (full name, country, document number without uploading photos). Cryptocurrency trading is available with a deposit cap of ~2,000 USDT; daily withdrawal limit — 20,000 USDT. No access to fiat P2P, Launchpad and some promotions; participation in copy trading may be limited.
• Advanced KYC: upload of a document (passport/ID) and selfie. The process is automated and usually takes 5–10 minutes (up to 24 hours if reviewed manually). After successful verification almost all restrictions are removed: daily withdrawal limit increases to 5,000,000 USDT, no deposit limits, and P2P exchange, Launchpad, fiat on/off‑ramp and extended bonus programs become available.

The verification process is simple and quick. In your account, open the KYC section, choose your country and document type, fill in the required data, then upload a photo of the document and a selfie. Checks are usually automatic and pass quickly. In rare cases, additional documents may be required.

❓ Verification — FAQ

Can I trade fully on BingX without KYC?

No. Without at least Basic KYC, trading on BingX is unavailable. Without verification, only withdrawal of previously deposited funds is allowed (up to 20,000 USDT per day).

What’s the difference between Basic and Advanced KYC?

Basic KYC — a simple check of personal data without uploading documents. Allows trading with a deposit limit (~2,000 USDT). Advanced KYC — full verification with documents and a selfie, removing almost all restrictions (deposits, withdrawals up to 5 million USDT, access to all services).

How long does document verification take?

Document verification on BingX usually takes 5 to 15 minutes. In rare cases (e.g., suspected document forgery), it may take up to 24 hours.

How do I get the sign‑up bonus on BingX?

To receive bonuses, register via a referral link and complete KYC. Then complete simple tasks in the “Rewards Hub” section (deposit, trading, copy trading). For each action, bonus USDT, discount coupons and other rewards are credited. In total, you can receive bonuses amounting to several thousand USDT.

🛠️ Practical tips for trading on BingX

1. Use the demo mode. Before starting real trading, test the platform and practice strategies risk‑free using virtual funds in demo mode.
2. Complete verification (KYC). Verification removes deposit/withdrawal limits and unlocks full functionality, including P2P, Launchpad and bonus programs.
3. Place limit orders. Use limit orders instead of market orders — you’ll reduce fees and enter trades at predefined prices without slippage.
4. Choose low‑cost networks for withdrawals. For example, for USDT withdrawals it’s more cost‑effective to use the Tron (TRC20) network than Ethereum (ERC20), which significantly reduces costs.
5. Take part in promotions and VIP programs. Monitor promotions regularly and complete tasks in the “Rewards Hub.” Raise your VIP level to reduce trading fees and receive extra bonuses.
6. Monitor the funding rate. Regularly check the funding rate for perpetual futures — when rates are high, close or hedge positions to avoid excess costs.
7. Diversify copy trading. Do not copy a single trader. Allocate capital among several traders with different styles to reduce risk.
8. Use passive‑income opportunities. Consider BingX Wealth products (e.g., Shark Fin or flexible deposits) to earn additional passive income on your assets.
9. Secure your account. Enable 2FA, set an anti‑phishing code for email, use a withdrawal address whitelist, and change passwords regularly.
10. Trade consciously and cautiously. When using high leverage, keep it low and place stop orders. Regularly review your strategies and adjust them to current market conditions.