BingX
Why Choose BingX
BingX is a rapidly growing cryptocurrency exchange that offers a wide range of trading options, from spot to futures trading. Known for its user-friendly interface and competitive fee structure, BingX provides an accessible platform for both new and experienced traders. The exchange prides itself on its transparency, security measures, and comprehensive customer support, making it a solid choice for anyone looking to trade cryptocurrencies.
Pros
- Competitive fee structure
- Wide range of trading pairs
- User-friendly interface
- Comprehensive security measures
Cons
- Limited support for fiat deposits and withdrawals
- KYC process can be cumbersome
- Limited educational resources
- Customer support response time can vary
Fees
BingX employs a tiered fee structure based on the user’s VIP level, which is determined by their trading volume. The maker and taker fees are as follows:
| Spot Maker std users | Spot Taker std users | Futures Maker std users | Futures Taker std users |
|---|---|---|---|
|
0.100% |
0.100% |
0.020%
|
0.040% |
Security
BingX takes security seriously, employing industry-standard security measures such as two-factor authentication (2FA), cold storage for the majority of user funds, and regular security audits. The exchange also maintains a transparent reserve policy, ensuring users that their assets are securely backed. These measures provide a high level of trust and security for users.
Deposit and withdrawal
BingX supports both cryptocurrency and fiat deposits and withdrawals. Crypto deposits are free, while withdrawal fees vary depending on the coin. For fiat, users can deposit via bank transfers or supported payment processors, although options may be limited depending on the user’s region. Fiat withdrawal fees are competitive but vary by method.
Registration
Signing up for BingX is straightforward. Users need to provide an email address and create a password. KYC verification is required for higher withdrawal limits and certain trading features, which involves submitting identification documents.
Mobile Compatibility
BingX offers mobile apps for both iOS and Android devices, providing full trading functionality comparable to the web platform. The apps are well-designed, user-friendly, and allow traders to manage their portfolios on the go.
Liquidity 24 h
Over the past six months, BingX has maintained an average daily trading volume of approximately $500 million, ensuring ample liquidity for most trading pairs.
Trading Pairs Supported
BingX supports over 100 trading pairs for spot trading and more than 50 pairs for futures trading. Notable pairs include BTC/USDT, ETH/USDT, and ADA/USDT, with futures pairs like BTC/USD offering leverage up to 125x.
| Spot # of Pairs | Std Futures # of Pairs | Perp futures # of pairs | Stock # of Pairs | indices # of Pairs | Forex # of Pairs |
|---|---|---|---|---|---|
|
~701 |
~235 |
~166 |
~235
|
~20 |
~235 |
Supported Regions
BingX offers its services to users in the following regions:
- North America
- Europe
- Asia
- Africa
- Australia
| Europe (EU) | Asia-Pacific (APAC) | North America (NA) | Latin America (LATAM) | Middle East and North Africa (MENA) | Sub-Saharan Africa (SSA) | South Asia (SA) |
|---|---|---|---|---|---|---|
|
Yes |
Yes |
Yes |
Yes
|
Yes |
Yes |
Yes |
KYC/AML Required
KYC is required for users wishing to access higher withdrawal limits and advanced trading features. Without KYC, users are limited to a maximum withdrawal of $2,000 per day.
Overall Reputation
BingX enjoys a positive reputation in the crypto community, with favorable reviews on sites like Trustpilot and positive feedback on social media platforms. Users appreciate its intuitive interface, wide range of trading pairs, and responsive customer support.
User Interface
The BingX interface is clean, intuitive, and highly customizable. Users can easily navigate between different trading pairs, view market data, and manage their portfolios. The platform offers various charting tools and order types, catering to both novice and experienced traders.
Demo account
BingX offers a demo account for users to practice trading without risking real funds. This feature is especially beneficial for beginners who want to familiarize themselves with the platform.
Education Facilities
BingX provides a limited amount of educational content, including basic tutorials and guides. However, the range of educational resources could be expanded to better support users in understanding advanced trading strategies.
Location
BingX is headquartered in Singapore, a hub for many cryptocurrency exchanges and fintech companies.
Supported Languages
BingX supports multiple languages, including:
- English
- Chinese
- Japanese
- Korean
- Russian
- Spanish
Vpn Required Some Regions
In certain regions where access to BingX is restricted, users can use a VPN to bypass geo-blocks and access the platform. However, users should ensure this complies with local laws.
Customer Support
BingX offers customer support through various channels, including live chat, email, and social media. While response times can vary, most users report satisfactory resolutions to their issues. Feedback on Reddit and other forums indicates that the support team is generally helpful and responsive.