📘 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 trading, perpetual futures with leverage of up to x150 on BTC and x125 on ETH, copy trading, and investment products for passive income.
- Spot trading, leveraged futures, social trading, and trade copying.
- Global presence in 150+ countries and support for 18 languages.
- Earn products, P2P exchange, and regular bonus programs.
BingX follows local regulatory restrictions, so the service is unavailable to users from the United States, the United Kingdom, China, and several other jurisdictions. The exchange is licensed in Australia through AUSTRAC and in Lithuania, confirming that it operates within regulated legal frameworks.
BingX shows high trading activity: daily spot market volume reaches ~$355 million, while futures market volume reaches up to $5 billion. The exchange supports more than 750 cryptocurrencies and thousands of trading pairs, including BTC, ETH, SOL, ADA, DOGE, PEPE, and SHIB.
Major BingX markets include Ukraine, Germany, India, and Brazil. In 2024, BingX became the official crypto partner of Chelsea Football Club, strengthening brand recognition in the global market.
💱 Spot trading on BingX
The BingX spot market includes more than 750 cryptocurrencies and over 840 trading pairs, from BTC and ETH to rare altcoins. Trading works through the maker/taker model: a maker adds a limit order to the order book, while a taker removes available liquidity with a market order or an executable limit order.
- Base fee: 0.1% for makers and takers, with reductions to 0.005%/0.02% available to high-volume VIP traders.
- Trading terminal: limit, market, and stop orders, TradingView charts, and a set of technical indicators.
- Quick exchange: the Convert feature for instant cryptocurrency buying and selling without an advanced trading interface.
The BingX spot platform suits traders with different levels of experience. Users have access to TradingView charts, an order book, and a real-time trade feed, while switching between pairs, portfolio, and order history takes only a few actions.
The BingX mobile app for iOS and Android mirrors the main features of the web version. Demo trading allows users to test strategies with virtual funds before switching to real capital.
📈 Leveraged futures
Futures trading remains one of BingX’s most active areas. The exchange offers perpetual futures on popular cryptocurrencies with leverage of up to x150 on BTC and x125 on ETH, while the base fee is 0.02% for makers and 0.05% for takers.
- Standard futures: a simplified trading mode with a fee of around 0.045%, charged when a position is closed.
- Perpetual futures: professional swap contracts with a funding rate that is credited or deducted every 8 hours; the fee is 0.02% (maker) / 0.05% (taker).
- VIP discounts: a tiered program reduces fees down to 0% for makers and about 0.028% for takers at the highest level.
To trade futures, users need to transfer USDT or another supported asset from the main wallet to a separate futures account. The minimum price increment and lot size are suitable for small positions, so entry is possible with a few USDT.
Low leverage, such as x5 or x10, reduces the probability of forced liquidation during a sharp market move. Stop orders limit losses at a preset price and help control position size.
🤖 Social trading and trade copying
BingX develops social trading, or copy trading, where a user automatically replicates the trades of a selected trader. The platform has more than 8 million copy trading connections.
Copy trading on BingX suits investors who want to follow ready-made trading strategies. To start copying, the user selects a trader in the Copy Trading section, where return, number of followers, drawdown, and risk profile are displayed.
- Copy by Position Ratio: trades are copied in proportion to the copier’s capital. Position size is scaled relative to the leader’s position, for example 10% of the leader’s volume.
- Copy by Fixed Margin: the user sets a fixed amount of margin collateral for each trade regardless of the trader’s position size.
- Copy by Spot Grid: the user copies the parameters of a spot grid bot, including price step and number of orders.
Every trader approved for copying has a public profile with return statistics, maximum drawdown, number of open positions, and portfolio composition. A follower can disable copying or set limits on trade size and auto-stop rules for losses.
Automatic BingX trading bots
Built-in BingX trading bots automate the buying and selling of assets according to preset rules. A bot does not eliminate market losses, but it helps execute a strategy without manually placing every order.
- Spot Grid: a non-leveraged grid strategy places buy and sell orders within a defined price range.
- Futures Grid: leveraged grid trading with up to 20× leverage automatically opens and closes positions within a defined range.
- Infinity Grid: an “infinite” grid follows a trend move by buying pullbacks and selling rallies.
🧩 Additional BingX services
Beyond classic trading, BingX offers products for passive income, token sale participation, and fiat exchange through a P2P platform.
💰 BingX Wealth: passive income
BingX Wealth is a managed investment product service where users allocate cryptocurrency to flexible or fixed programs. Major coins are supported, including USDT, BTC, and ETH.
- Flexible products: the user can add and withdraw funds, while interest is accrued daily.
- Fixed deposits: funds are allocated for a specific term, such as 7, 14, or 30 days, after which the principal and accrued interest are returned to the account.
BingX Wealth states 100% coverage of obligations with reserves verified through Proof-of-Reserves and Merkle Tree. Merkle Tree is a cryptographic structure that allows reserve data to be checked without revealing the full database of client balances.
🚀 Launchpad (IEO platform)
Launchpad is a platform for initial exchange offerings, or IEOs. Users buy new tokens at an initial price before exchange listing, while participation usually requires KYC, meaning customer identity verification, and meeting balance or staking conditions.
- Details of a new project are published in advance so participants can study the token sale terms.
- After subscription, tokens are distributed proportionally to each participant’s contribution.
Launchpad provides access to early-stage projects, but the result depends on project quality, market liquidity after listing, and overall token demand.
🤝 P2P exchange (fiat deposit/withdrawal)
The BingX P2P platform allows users to exchange cryptocurrency directly for fiat currencies, including USD, EUR, UAH, and other currencies. The exchange uses escrow: the seller’s cryptocurrency is locked until the buyer confirms payment.
- No fees: BingX does not charge an additional fee for P2P trades, while the seller’s earnings are included in the exchange rate.
- Payment options: bank transfers, electronic wallets, and different payment systems are available.
The P2P platform helps users fund accounts and withdraw funds without a centralized fiat gateway. Mandatory KYC verification is required to use P2P.
📊 Trading traditional markets (Forex, Commodities)
BingX is integrated with MetaTrader 5, so users can trade not only cryptocurrencies but also traditional financial assets through a separate trading account.
- Forex: popular currency pairs are available, including EUR/USD and GBP/USD.
- Commodities: trading in gold, oil, and other commodity assets is supported.
- Hedging: traditional instruments allow users to reduce portfolio dependence on the cryptocurrency market.
BingX acts as a broker and provides order execution on external markets through MT5. Fees for traditional assets are comparable to crypto trading, while margin requirements align with the Forex market, where leverage for currency pairs usually starts from 1:100. Full verification is required to access traditional markets.
💳 Crypto Loans
Crypto Loans on BingX allow users to obtain liquidity against cryptocurrency collateral without selling the asset. A user can borrow USDT or another stablecoin by pledging BTC, ETH, or another supported cryptocurrency.
- Flexible terms: interest is accrued daily, and the loan can be repaid at any time.
- Amount calculation: the available borrowing limit depends on the market value of the collateral and the LTV ratio.
- Use of funds: the loan can be used for trading, participation in token sales, or withdrawal from the platform.
🎓 Education and competitions
BingX supports users through educational materials, trading competitions, bonus tasks, and loyalty programs.
- BingX Academy: articles, guides, and videos about the basic principles of trading, market trends, and crypto industry news.
- Trading competitions: contests with cash prizes and bonuses for active traders.
- Referral program: a user receives up to 20% of the trading fees from invited friends.
- Loyalty program: VIP statuses reduce fees and provide additional privileges, including higher limits and early access to products.
- Rewards Hub: tasks and promotions with bonuses, fee coupons, and Mystery Box rewards.
Promotions, first-deposit bonuses, cashback on trading fees, NFT drops, and trader competitions provide additional opportunities for active users. The financial result of such activities depends on the terms of a specific promotion and market behavior.
🛡️ Security and regulation
🔐 Protection of user funds and data
BingX applies several layers of protection for client assets and accounts.
- Cold asset storage: most client funds are stored offline in cold wallets.
- Multisig and encryption: withdrawals require confirmation by several multisig addresses, while confidential data is stored in encrypted form.
- Proof-of-Reserves (PoR): regular reports through Merkle Tree confirm the existence of reserves for the exchange’s obligations.
- External audits and bug bounty: security is checked by CertiK and SlowMist, while white-hat researchers can receive rewards for discovered vulnerabilities.
- BingX Shield Fund: an insurance fund of 1000 BTC + 4000 ETH + 40,000,000 USDT is intended to compensate client funds in emergencies.
On the user side, two-factor authentication through Google Authenticator, an anti-phishing code in emails, operation confirmation by email/SMS, and an address whitelist for withdrawals are available.
🌍 Regulation and legal reliability
BingX is registered and licensed in several jurisdictions, which increases operational transparency for platform users.
- AUSTRAC (Australia): the digital currency exchange service provider license confirms compliance with AML/CTF standards.
- Lithuania (EU): the license allows official operation within the European regulatory framework.
- Other regions: BingX states that it is working on licensing under MiCA in the European Union, VARA in the UAE, and expanded licensing in Hong Kong and Taiwan.
BingX restricts platform access for users from the United States, the United Kingdom, China, Hong Kong, Macao, Singapore, Canada, and the Netherlands. Before registering, a user should check whether working with the crypto exchange is permitted in their country.
💸 BingX fees: trading, deposits, and withdrawals
BingX fees depend on the market, order type, trading volume, and the user’s VIP status.
- Spot trading: the base fee is 0.1% for makers and takers, while at higher VIP levels it decreases to 0.005% (maker) and 0.02% (taker).
- Perpetual futures: the fee is 0.02% for makers and 0.05% for takers, while high-volume traders may receive discounts down to 0% (maker) and about 0.028% (taker).
- Copy trading: there are no additional fees for auto-following, but standard trading fees are charged for executed trades. The lead trader receives approximately 8–10% of the profit from followers’ trades.
Deposits and withdrawals
- Deposits: depositing cryptocurrency to the platform is free, and the only external cost is the blockchain network fee.
- Withdrawals: the fee depends on the selected network; for example, withdrawing USDT through TRC-20 costs around 1 USDT, while through ERC-20 it costs around 6 USDT.
- Fiat deposit: the exchange does not charge a fee through P2P, but the seller may include a margin in the exchange rate.
- Currency conversion: automatic conversion of the deposit currency into the account’s base currency may cost around 0.2%.
How to reduce fees on BingX?
- ✅ Increase trading turnover: 30-day trading volume helps users obtain VIP status and reduce fees.
- 🏆 Participate in VIP programs: temporary VIP status may be granted through promotions for large deposits.
- 🔗 Register through referral links: the trading fee discount is usually around 10% on futures.
- 📊 Use limit orders: a limit order may reduce costs compared with a market order.
- 🌐 Choose low-cost networks for withdrawals: USDT is often cheaper to withdraw through Tron (TRC20) or BSC than through Ethereum (ERC20).
❓ FAQ about BingX fees
What is the minimum fee on BingX?
Are there hidden fees on the exchange?
Can users trade without fees?
👥 Verification on BingX: KYC and limits
BingX uses KYC identity verification to unlock trading features and increase account limits. Verification is not always required to access the account, but significant restrictions apply without it.
- Unverified: trading is unavailable, and the user can only withdraw previously deposited funds with a daily limit of 20,000 USDT. Since June 2024, minimum verification has been required to access trading.
- Basic KYC: partial personal data verification without document upload. Trading is available with a deposit limit of around 2000 USDT and a daily withdrawal limit of 20,000 USDT.
- Advanced KYC: full verification with a document and selfie. The check usually takes 5–10 minutes, and after approval, the daily withdrawal limit increases to 5,000,000 USDT.
To complete KYC, the user opens the verification section in the personal account, selects the country and document type, fills in the data, and uploads a document photo and selfie. Automatic verification is usually fast, but in some cases the platform may request additional documents.
❓ FAQ: common questions about verification
Can users trade fully on BingX without KYC?
What is the difference between Basic KYC and Advanced KYC?
How long does document verification take?
How can users get a registration bonus on BingX?
🛠️ Trading practice on BingX
- Use demo mode. Before real trading, test the platform and strategy with virtual funds.
- Complete KYC verification. Verification removes deposit and withdrawal restrictions and opens access to P2P, Launchpad, and bonus programs.
- Place limit orders. Limit orders help enter trades at a preset price and reduce execution costs.
- Choose low-cost networks for withdrawals. For USDT withdrawals, the Tron network (TRC20) often costs less than Ethereum (ERC20).
- Participate in promotions and VIP programs. Promotions, Rewards Hub, and VIP levels may reduce fees and provide additional bonuses.
- Monitor the funding rate. A high funding rate increases the cost of holding a perpetual futures position.
- Diversify copy trading. Allocating capital across several traders reduces the dependence of the result on a single strategy.
- Use passive income products consciously. BingX Wealth, Shark Fin, and flexible deposits require assessment of placement term, yield, and fund return conditions.
- Protect the account. Two-factor authentication, an anti-phishing code, an address whitelist, and regular password changes reduce the probability of compromise.
- Control leverage. Low leverage and stop orders reduce the probability of liquidation during sharp market moves.
🧾 BingX review summary
BingX is a multifunctional platform for traders and investors. Low fees, futures with leverage of up to x150 on BTC, copy trading, P2P, BingX Wealth, and MetaTrader 5 integration make the exchange a universal tool for different trading scenarios.
BingX limitations are linked to jurisdictions, mandatory verification for full access, the funding rate on futures, and the need to carefully choose counterparties in P2P trades. These factors directly affect service availability, position holding costs, and operational security.
The platform suits users who need spot, futures, copy trading, and additional investment products in one account. The platform does not suit users who are not ready to complete KYC, control leverage, and check P2P trade terms before payment.