Updated: 31 may 2024
10 minutes

Various centralized exchanges have emerged in the crypto-sphere over time, each bringing its own innovation and specific features to meet the diverse needs of cryptocurrency users. This is the case of BingX, a platform that aims to be at the forefront of sector exchanges. But what is it really like?

What is BingX?

BingX is a crypto exchange founded in 2018 that has more than 10 million users worldwide. The platform offers a variety of services dedicated to both beginners and experts in the sector, including Spot trading, Copy trading, and asset management.

BingX is recognized for its commitment to security and innovation, offering advanced tools to enhance the trading skills of its users. The platform also boasts collaborations with major institutions such as the UFC and Football Club Chelsea.

bingx homepage

The exchange is regulated internationally with entities registered in the European Union and Australia, thus ensuring global compliance. BingX is also certified for its security with audits conducted by CertiK and a collaboration with cybersecurity leaders.

Dedicated to transparency and accessibility, BingX adopts a user-centered approach with an interface available on both PC and mobile. In the industry, the exchange has already been awarded best cryptocurrency exchange platform by TradingView in 2021 and 2022.

The Advantages of BingX

BingX stands out for its lowest transaction fees on the market, with only 0.1% for both spot orders and withdrawals. The fees for futures contracts are equally very competitive.

Security is also another cornerstone of the platform. In fact, BingX is protected by top-tier security audits carried out by CertiK and SlowMist. The platform also employs advanced security solutions like 2FA verification by Sumsub.

Users have at their disposal a catalog of over 780 different cryptocurrencies on BingX, tradable in 795 pairs. Whether on mobile devices or PCs, the site interface is user-friendly and allows users to easily navigate through the various features offered (Copy Trading, Rewards Hub, Derivatives, Spot, etc.).

Additionally, BingX exchange offers users various automated trading tools such as TrendSpider and WunderTrading to enrich the user experience. Its copy trading feature is also one of the most used on the market with nearly 17,000 registered signal providers and almost $51 million in realized gains.

Moreover, BingX has a learning space called BingX Academy that offers various educational resources on trading, cryptocurrencies, etc. If you want to compare different platforms, you might also want to take a look at ByBit.


  • Wide range of investment products
  • Transparent platform
  • Free demo account

Disadvantages of BingX

Even though BingX offers numerous advantages, the platform also has some notable drawbacks.

While trading fees are low, some withdrawal fees are high, such as the $10 for withdrawals in USDT from the Ethereum network.

Furthermore, customer support, although available via email and live chat, does not include a call center. This is a shortcoming that can slow down the resolution of more complex issues that require immediate assistance.

Users also need to complete KYC verification to withdraw large amounts, which can be an obstacle for those seeking more anonymity.

Finally, DeFi options, such as airdrops or other farming features, are almost nonexistent on the site.

Which cryptocurrencies can be purchased on BingX?

With its vast catalog of cryptocurrencies, the BingX exchange allows traders to widely diversify their portfolios. There are more than 780 cryptocurrencies on this exchange, including the most well-known like BTC, ETH, BNB, DOT, etc. However, the platform also highlights new, lesser-known projects.

Most popular cryptocurrenciesLeast popular cryptocurrencies
Bitcoin (BTC)Elon Musk (MUSK)
Ethereum (ETH)Ascend (ASC)
Solana (SOL)Magnum Trading (MAG)
USD Coin (USDC)Simpson AI (SAI)
Worldcoin (WLD)Honey (HNY)
Celestia (TIA)EthereumMax (EMAX)
Bittensor (TAO) Hololoot (HOL)
Near Protocol (NEAR)Nunu Spirits (NNT)
Optimism (OP)AlgoStake (MERL) 
Tron (TRX)Dohrnii (DHN)

The various services and features offered by BingX

On BingX, users, both beginners and experts, have the opportunity to navigate through the various services highlighted by the platform. Here are some:

BingX Wealth

BingX Wealth is a crypto asset management feature that offers various options to optimize the earnings of your wallet. This service allows you to generate passive income from your cryptocurrencies such as Bitcoin, Ethereum, and Tether thanks to fixed and flexible yield staking products.

With fixed-term staking, you can lock your cryptocurrencies and generate attractive returns over a determined period. Flexible yield staking offers more agility, allowing you to start accumulating interest immediately after subscription, without a fixed period, and to reclaim your funds at any time.

BingX Reward Hub

The BingX Rewards Hub is a space designed to reward active users of the BingX platform. This hub offers various activities (registration, deposit, trading, copy trading, etc.) that allow users to earn additional rewards simply by using the site.

Additionally, the Rewards Hub includes a daily mini-challenge. Users are encouraged to make deposits and trade every day for a chance to win up to 5,000 USDT.

Finally, users can also earn rewards by following BingX activities on various social network platforms. This allows BingX to strengthen community engagement by offering tangible benefits to its most devoted users.

Price Analyzer of BingX

The Price Analyzer of BingX is a tool designed to help crypto investors perform in-depth price analysis. It combines market trend analysis, fundamental analysis, and identification of trending tokens to predict the next breakout gems. This tool is developed by a specialized BingX team, whose goal is to provide short-term forecasts.

List of New Cryptocurrencies

The “Listing Application” feature of BingX allows cryptocurrency developers to submit their project for potential listing on the BingX exchange. To do this, they need to submit a series of important documents for evaluation to the provided address, [email protected]. Once the application is submitted, BingX evaluates if it meets the listing criteria. If so, developers will be contacted within 5 to 10 working days. This process ensures that only reliable and legally compliant projects are listed, thus protecting the interests of traders on BingX. To get a comprehensive picture, you might also consider comparing it with Coinbase.


  • Regulated exchange
  • An easy-to-use platform
  • Free crypto training offered

P2P Trading

“The P2P Merchant Application” is a BingX service that allows users to perform P2P (peer-to-peer) trading on the platform by posting their crypto transaction ads for free.

To become a P2P merchant, users must meet several stringent criteria such as: KYC, an initial balance, a social network, etc.

This program is designed for users who are not only interested in crypto trading, but who also wish to play an active role in BingX’s P2P community, facilitating exchanges.

BingX Trading Signals

The Trading Signal feature of BingX allows users to receive and automatically execute trading signals from external platforms, such as TradingView.

This service offers considerable flexibility to customize and automate trading strategies, especially for perpetual futures trading.

This feature is particularly useful for traders who wish to leverage complex strategies or for those who do not have the time to constantly monitor the markets, thereby enabling them to maximize efficiency and profit opportunities in their trading operations.

Fees Charged on the Platform

As previously explained, one of the main advantages of the BingX broker is its rather competitive fee structure.

Spot Trading Fees

Here, the BingX exchange applies a fee structure for makers and takers. These two parties are subject to a 0.1% fee for most pairs such as BTC/USDT. However, the exchange also offers a VIP fee system based on the trading volume in the last 30 days, with levels ranging from VIP 0 to VIP 5, where fees decrease as the level increases. For example, VIP 5 benefits from reduced fees of 0.01% for makers and 0.0325% for takers.

CryptocurrencyMaker FeeTaker Fee
Spot Transaction Fees

Futures Commissions

For futures contracts, BingX imposes a 0.05% fee for takers and a 0.02% fee for makers. The VIP commission system also applies here, allowing high-level traders, such as those at VIP level 5, to benefit from even lower fees, at 0.006% for makers and 0.03% for takers.

ContractsMaker FeeTaker Fee
Futures Transaction Fees

BingX Wealth or Earn

No commission is charged by BingX for staking operations.

Deposit and Withdrawal

Deposits on BingX are free, but withdrawals are subject to fees that vary depending on the network used. Users can choose between different networks such as ERC-20, BEP-2, BEP-20, TRC-20, and OMNI, each with its own fees that will be indicated at the time of withdrawal.

The BingX Application

The BingX mobile app is available on iOS and Android. It features a rich and varied user interface suitable for both beginner traders and cryptocurrency experts. The home page highlights an enticing promotion with the possibility to win more than 5,000 USDT in rewards for new users.

bingx app

Users can easily manage their assets with features to deposit, withdraw, transfer, and convert currencies.

The trading section offers quick access to spot, futures markets, and other forms of trading such as copy trading and grid trading, as well as to the purchase and sale of NFTs.

Events and rewards are easily accessible from the BingX app, encouraging user engagement. The copy trading is also highlighted on the application as well as VIP benefits.

Which account can be opened on BingX?

The 2 main BingX accounts are the standard and the VIP.

Standard BingX Account

On BingX, you can open a standard account that gives access to all the features of the site. This account is free and takes less than 5 minutes to create. However, you will need to complete the required KYC procedures before you can start trading cryptocurrencies.

VIP BingX Account

The BingX VIP account is designed to offer users perks aimed at enhancing their trading experience. It includes 7 levels. To be eligible for this account, users must reach a certain monthly trading volume. The first level of the VIP program is activated when a user’s monthly trading volume exceeds 20 million USDT.

VIP members benefit from reduced transaction fees, detailed industry analysis reports, and premium customer support available at any time.

VIP Level30-day Spot Trading Volume (USDT)Previous Day Asset Value (USDT)

VIP 0 (default level)

≥ 1,000,000≥ 50,000

≥ 2,000,000≥ 200,000

≥ 4,000,000≥ 1,000,000

≥ 6,000,000(API Trading Volume ≤ 20%)≥ 2,000,000

≥ 8,000,000(API Trading Volume ≤ 20%)≥ 3,000,000

Supreme VIP
≥ 15,000,000(API Trading Volume ≤ 20%)

BingX: a secure platform?

BingX is a CEX that makes the security of its users a priority. Let’s discover the different measures employed by the site in this area.

The platform’s security measures

BingX employs advanced encryption technology to protect sensitive information, using protocols such as Secure Sockets Layer (SSL) and Transport Layer Security (TLS).

These protocols ensure that communication between users’ devices and BingX’s servers is secure, thus preventing data interception or manipulation.

Additionally, the exchange strengthens the security of user accounts through two-factor authentication (2FA) measures and allows users to add withdrawal addresses to a white list for greater security.

These measures are complemented by Proof of Reserves (PoR) support, thereby ensuring total transparency of the funds held.

The regulations and licenses of this exchange

BingX exchange complies with various international regulations, reflecting its commitment to safety and legal compliance. The exchange is registered as a Money Service Business (MSB) with FinCEN, which allows it to operate freely in the United States.

In addition, BingX holds licenses from renowned financial regulators, including the Australian Transaction Reports and Analysis Centre (AUSTRAC), and is registered as a digital currency exchange (DCE) provider in Lithuania.

These accreditations enable it to serve a wide range of clients in regions such as Asia, Oceania, Europe, Australia, and South America, although some countries are not supported.

In France, BingX is not officially a PSAN with the AMF, but the exchange remains reliable and accessible.

For a more in-depth comparison, you might also want to examine Coinbase.


  • Regulated exchange
  • An easy-to-use platform
  • Free crypto training offered

How to Buy Cryptocurrencies on BingX

Here are the 4 essential steps to get started on BingX.

Step 1 – Open an Account

To start, go to the BingX website and click on “Sign Up” at the top right of the page. You will have the option to register using an email address or phone number.

bingx sign-up

Choose your preferred method and create a secure password. If you have a referral code, enter it at this stage. Complete the registration by solving a captcha puzzle and validating the verification code that will be sent to you via email or SMS.

Step 2 – Securing your account

Once registered, you now need to think about protecting your account well despite the presence of the password. For increased security, enable two-factor authentication.

account and security bingx

Access “Account and Security” through your avatar, then scroll down to the “Security Center.” Select “Link” next to the “Google Authenticator” option to set up 2FA with the Google Authenticator app.

google authenticator bingx

Follow the instructions to download the app, scan the QR code, and register the 2FA key. Confirm activation by entering the verification codes received via email and from Google Authenticator.

Step 3 – Make a Deposit

Return to BingX’s main page and click on “Activities” located on the navigation bar at the top right, then select the “Deposit” option.

bingx deposit

You will be redirected to a new page where you will need to choose the cryptocurrency you wish to deposit. It is crucial to select the appropriate blockchain network for the transfer from the available options such as ERC20, TRC20, BEP20, or POLYGON.

Make sure to choose the same network used for withdrawing your cryptos from another platform or wallet to avoid the loss of your funds.

After selecting the appropriate network, BingX will provide you with a specified address for that network. Copy this address, as it will be necessary for transferring your cryptocurrencies from your external wallet or another platform to your BingX account.

Step 4 – Purchase your cryptocurrency

After completing your registration, you first need to undergo a KYC procedure to purchase cryptocurrencies directly on the exchange. Once this is done, head to the “Buy crypto” section visible at the top left of the main page.

buy crypto bingx

Select the option that best suits you from those presented as in the image.

buy crypto

Choose the Quick Buy option. Enter the amount in dollars of the cryptocurrency you wish to buy (USDT, BTC, ETH) and then click on Buy.

Which user profile is the platform most suitable for?

BingX broker is particularly suitable for crypto traders who want a hub composed of a wide range of services. Its competitive fee structure and variety of trading options are suitable for both beginners and experienced traders. The platform also offers advanced trading tools and BingX cryptocurrencies to trade (780), making it attractive for users who want to diversify their crypto investments.

The quality of customer service

BingX customer service is available 24/7, ensuring constant assistance for all its users. Customers can contact the team via email at [email protected] or opt for a more immediate response through the online chat. The only issue is that the service cannot be contacted by phone, which often represents a problem for urgent interventions. However, the customer service team is quite friendly and also responds promptly in writing.

Our Final Opinion on BingX

BingX presents itself as a well-established cryptocurrency trading platform, offering a wide range of cryptocurrencies and services suitable for different user profiles. With options such as spot trading, futures contracts, and a distinctive copy trading feature, BingX stands out for its versatility and accessibility.

Competitive trading and withdrawal fees, as well as its Wealth program, make the platform economically attractive to users.

However, geographical limitations can pose friction points for some. Likewise, the lack of more DeFi features also plays against this CEX.

Nevertheless, BingX is a solid option for those looking to diversify their cryptocurrency trading in a safe environment.

For another perspective, it might be worth examining what ByBit has to offer.


  • Wide range of investment products
  • Transparent platform
  • Free demo account
  • More than 780 cryptocurrencies
  • Advanced security measures with integration of two-factor authentication
  • Competitive fees for spot and futures trading
  • Exchange regulated in various countries
  • BingX is not a PSAN
  • Limited DeFi features


On PC, go to the homepage and click on the “Assets” tab then “Withdraw”. Enter the required information correctly (currency, network, address, and amount), then click “Withdraw” again.
BingX does not charge any fees for cryptocurrency staking.
BingX has been based in Singapore since 2018.
Go to the official BingX website. You can sign up using an email address or a phone number.
Yes, it is possible to buy cryptocurrencies with fiat through BingX’s partners.