BingX is a leading cryptocurrency exchange that provides users with a safe, secure, fast trading derivatives platform. With a comprehensive suite of services and a focus on social trading, the BingX exchange caters to traders of all levels.
In our BingX review, we will provide users with the latest and most accurate information on the exchange, and delve into various aspects of the exchange, such as its fee structure, features, and more.
Our verdict on BingX
BingX is a good platform for all types of crypto traders, but we believe it is more suited for new traders. The platform offers an extensive copy trading feature, which is more helpful to rookie traders as it allows them to mirror the trades of experts. Additionally, the exchange offers a sign-up bonus to new users.
However, the exchange also offers a range of other useful features that we believe resonate well with experienced traders. BingX features, including instant spot exchanges, derivatives pairs, and up to 150x (pair- and tier-dependent), attract a lot of experienced traders to the platform.
BingX scores high in terms of security as well. The exchange has 100% margin reserves verified by reputable organizations, and it has also partnered with leading cybersecurity firms to boost its defenses against potential threats.
Pros and cons of BingX
Pros
- Offers up to 150x leverage
- Well-integrated copy trading and demo trading platform
- Users can trade more than 750 cryptocurrencies on BingX
- Has a global presence with branch offices across Asia, Oceania, Europe, and South America
- Implements a tiered fee structure, rewarding VIP traders with discounts and incentives
Cons:
- Limited customer support options
- No leverage offered on spot trading
About BingX
Founded in 2018, BingX has emerged as a leading cryptocurrency exchange, serving more than 40 million users worldwide. The exchange offers spot day trading platforms for crypto, derivatives, copy trading, and asset management solutions.
BingX is a well-integrated platform that focuses heavily on social trading and provides users with extensive copy trading features. Moreover, BingX caters to traders of all levels with its comprehensive suite of services. BingX won the “Best Exchange Broker” award from TradingView in 2021. The exchange aims to be the “people’s exchange” by connecting users with an active community of expert traders.
BingX fees
Deposit and withdrawal fees
| Deposit method | Deposit fees | Withdrawal fees |
| Bank account | 0 | Withdrawal fee varies by blockchain network |
| Debit card | 0 | Withdrawal fee varies by blockchain network |
| Credit card | 0 | Withdrawal fee varies by blockchain network |
| PayPal | 0 | Withdrawal fee varies by blockchain network |
Trading fees
| Product | Fees | More info |
| Spot – Maker | 0.10% | Same for Spot Grid/Infinity Grid unless a promo applies. |
| Spot – Taker | 0.10% | VIP tiers can reduce these rates. |
| Perpetual Futures – Maker | 0.020% | VIP discounts available. |
| Perpetual Futures – Taker | 0.050% | VIP taker can be as low as 0.028%. |
| Standard Futures – Trading fee | 0.045% | Charged on closing the position. |
| Perpetual Futures Copy Trading – Service fee | 0.05% | Charged on each open and close. |
BingX supported cryptocurrencies
BingX supports hundreds of spot assets and a large set of trading pairs (numbers change frequently). The exchange supports all popular coins, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), as well several low-cap altcoins and newly listed projects.
What’s even more notable that BingX supports cryptocurrencies in different crypto sectors, such as Metaverse, Non-Fungible Tokens (NFTs), Play-to-Earn (GameFi), and Smart Contracts.
BingX key products
BingX offers a full crypto stack that covers trading, automation, and yield. You get spot and perpetual futures, plus social copy trading if you prefer to follow elite traders. Strategy Trading adds grid bots for both spot and futures.
For passive income, BingX Earn (see below) provides flexible and fixed-term products, while Dual Investment offers Buy Low or Sell High yields based on price targets. BingX announcing integration with Trade4Me will be integral here to offering “institutional-grade” automated strategy access for retail users.
BingX AI
BingX AI is BingX’s built-in AI crypto trading assistant suite. You use it for market insights and decision support in-app. BingX AI Master anchors the suite, positioned as an AI trading strategist with ideas, alerts, AI backtesting, and trade reviews. BingX frames BingX AI as an analysis layer that pulls real-time signals and multi-angle reads, so you move from charts to decisions. For daily use, we’d run a simple loop: review trade history, track open positions, then tighten entries using consistent rules.
BingX announced a major upgrade highlighting 0-slippage execution (feature-scoped), copy-trade insurance, and AI trader analytics, plus more controls and workflow improvements. BingX ties “0 slippage” to specific copy trading and futures protection features, so connect the claim to what you’re actually using. BingX also points to AI Copy Trading and the BingX AI Arena, described as live competitions where LLM-based AI traders start from the same baseline. You can act on this by filtering for AI Traders, checking the platform’s analytics signals, and setting stop-loss and take-profit controls before copying.
BingX Earn
BingX Earn lets you put idle assets to work through flexible and fixed-term products. Flexible options allow redemptions at any time, which suits short-term needs. Fixed terms offer higher yields if you commit for longer.
Supported assets commonly include USDT, ETH, and SOL, designed for simple, click-to-subscribe access without validator setup. BingX also highlights no subscription or redemption commissions on its savings-style products, aiming to keep more of your yield in your pocket. This mix makes Earn a straightforward starting point for passive income.
BingX Dual
BingX Dual Investment is a yield product with two paths. Choose Buy Low to accumulate the asset at your target price, or Sell High to enhance returns if the price rises. Economically, Buy Low resembles selling a put, while Sell High resembles selling a call. Your APR depends on the target price and term you select.
At settlement, you receive principal plus interest, paid in the asset or stablecoin, depending on whether the market ends below or above your target. This structure can generate attractive returns during sideways markets.
BingX key features
| Feature | Overview |
| Lending/borrowing | Offers lending through margin trading feature, which allows users a leverage of up to 150x |
| Staking | BingX offers staking but it is only available during certain promotions/events |
| Leverage | Uses a tiered margin model approach to determine leverage with maximum leverage of BTC up to 150x and ETH up to 125x |
| Futures or derivatives | Offers derivatives trading by allowing users to trade both standard and perpetual futures |
| Trading bots | BingX’s auto trading bot is based on grid trading, which is buy low and sell high |
| Sign up bonus | Offers a sign-up bonus of up to $5,000 USDT |
| Copy trading | It allows novice traders to mirror the positions of experienced leaders automatically |
| BingX Wealth | It allows users to earn passive income on their crypto holdings |
| Convert | BingX refers to it as the “easiest way to trade” as it allows users to convert a crypto in their Fund Account into another crypto |
| Crypto loans | BingX offers collateralized crypto loans with flexible repayment; supported assets depend on region and current product settings.” |
BingX app review
BingX has a mobile app for both Android and iOS. The app works very similar to the desktop version, allowing users to trade seamlessly. And the app’s core feature set includes spot trading, P2P trading, futures and perpetual futures, plus demo trading for practice and take-profit/stop-loss controls for risk habits.
But BingX also pushes mobile-first tools like TradingView access, price tracking and alerts, and automated trading bots, so you can manage trades without switching apps. Coming to the app BingX also announced VIP perks including zero-fee benefits on certain order types, concierge-style support, and other premium benefits to complement the “BingX Shards” rewards ecosystem a spot trading rewards mechanism tied to tasks/levels and redeemable benefits.
And if you want a repeatable beginner workflow, the app supports Recurring Buy for DCA with intervals like hourly, daily, weekly, or monthly, starting from 1 USDT. But you should also factor privacy into how you use it, since Apple’s App Privacy section says identifiers may be used to track you, and identifiers may be linked to your identity.
User ratings of BingX
| Platform | Rating | Number of reviews |
| Google Play | 4.6 | 66k |
| Apple Store | 4.7 | 2.7k |
| Trustpilot | 1.8 | 622 |
BingX Customer satisfaction
BingX, overall, has a positive user sentiment. Most users have praised the platform for being easy to use and user-friendly. Some have also applauded the exchange’s wide selection of cryptocurrencies and low fees. A few users, however, have complained about issues with withdrawals, but overall the exchange ranks high in customer satisfaction.
“I’m trading daily in BingX since last April and never had any problem, they offer me free vouchers on spot trading and futures, pretty good and easy to use exchange,” One user review read on Trustpilot.
BingX customer support
BingX has mixed user reviews on its customer support. Some users found the support to be quick and responsive, while some complained of facing trouble reaching support or getting their issues resolved. BingX allows users to contact customer support through email, social media (Instagram, Facebook, X, and more), and raise a ticket. The exchange also has an extensive Help Center and FAQs, which help users find answers to many of their exchange-related queries.
Is BingX safe?
BingX is a registered exchange that focuses heavily on security and compliance. We considered the below factors to determine whether or not BingX is safe:
- Security: The exchange maintains a stringent security system to ensure the platform, user funds, and user data are completely safe. BingX regularly reviews operation and maintenance databases and has also implemented dynamic monitoring of price abnormalities.
- Insurance: The platform implements an insurance fund mechanism, which provides financial guarantees for normal transactions and compensates users for losses due to unforeseen risks.
- Proof-of-reserves (PoR): Proof-of-reserves ensures that the exchange holds sufficient reserves. BingX regularly verifies its PoR from third-party auditors, including Mazars.
- Risk management: The exchange uses a comprehensive risk management protocol, as well as 2FA verification and advanced AI technologies to help users manage risk. Moreover, the platform uses bank-grade custody solution and employs security experts to counter potential threats.
- Strategic partnership: BingX’s collaboration with SlowMist, a blockchain security firm, reveals that the exchange is very focused on boosting security across various aspects of the cryptocurrency industry. Moreover, the platform encourages user participation in boosting security through bounty programs.
- Compliance: BingX states it maintains compliance registrations in multiple jurisdictions (e.g., MSB registrations and AU entity presence). Users should confirm availability and status their country via official regulator registers.”
How to sign up on BingX
Follow the steps below to sign up and start trading on BingX:
Visit BingX
Visit the official BingX website and select Login/Signup in the top right corner. Users get multiple sign-up options: email, phone number, or even with their Google account.
Fill in the registration form
You will now have to fill your personal details, including name, phone number, and email address. You will also be asked to create a strong password (at least 8 characters long, having both letters and numbers). Enter the referral code if you have any.
Submit your form
Your account will automatically get activated once you confirm your email address. The system will send a 6-digit OTP on your mobile number, which you need to enter after signing into your new BingX account.
After you create your BingX account, you must strengthen the security of your account and adhere to financial regulations by verifying your identity and completing KYC.
KYC verification
To verify your identity, locate the “Identity Verification” section on the BingX dashboard. You will be asked to enter your personal details, including your full name, date of birth, and current address. You will also be asked to send a scanned copy of a government-issued ID, such as a passport or driver’s license.
Verification also includes taking a selfie. The whole verification process might take a few minutes and is important that you follow the on-screen instructions diligently. After the verification is complete, you can start depositing funds into your account by clicking the “Deposits” button in the “Assets” section on your dashboard.
Start Exploring BingX
Review and accept BingX’s Terms of Service and Privacy Policy. For added protection, activate Two-Factor Authentication (2FA) on your account. Once your account is set up and verified, you’re ready to explore BingX’s full range of features, including spot and futures trading.
How We Rate Cryptocurrency Exchanges
We manually review the crypto exchanges on our list. Below are the key metrics we check before listing a crypto exchange on the website. For further details, you can also take a look at our cryptocurrency exchanges rating guide, featured on ValueWalk.
