BingX Review 2025: Is This the Right Platform For You?

In the ever-evolving landscape of cryptocurrency exchanges, BingX has carved out a unique niche for itself. Known for its innovative copy trading features, BingX has attracted a significant following of both novice and experienced traders. But is it the right platform for you?

In this comprehensive BingX review, Coinreviews delves into the platform’s key features, including its spot trading, derivatives market, and of course, its popular copy trading functionality. We’ll also assess BingX’s fees, security measures, and user experience.Whether you’re a seasoned crypto trader looking to diversify your portfolio or a beginner seeking a user-friendly platform to start your crypto journey, this review will provide you with the insights you need to make an informed decision.

What is BingX?

What is BingX?

Let’s review BingX in today’s article.

BingX, a cryptocurrency exchange founded in 2018, serves over 10 million users globally, offering a wide array of services. From spot trading and derivatives to copy trading and asset management, BingX provides comprehensive solutions for its users. Equipped with a variety of tools designed to improve trading skills, BingX has established a strong international presence, with offices across Asia, Oceania, Europe, and South America. In the European Union, BingX EU UAB is registered as a financial service company in Lithuania and regulated by the Financial Crime Investigation Service (FSIC) as a digital currency exchange. Additionally, BingX Global operates as a registered digital currency exchange provider under the Australian Transactions and Reports Analysis Centre.

Security and transparency are key priorities at BingX. The platform’s 100% margin reserves are verified by esteemed organizations like Mazars, and its partnerships with leading cybersecurity firms strengthen its defenses against potential risks.

BingX has earned several prestigious recognitions, including being named the best crypto exchange by TradingView and the fastest-growing social trading platform by Global Brands Magazine.

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Who founded BingX?

Lee, the founder and general manager of BingX, has extensive experience in both traditional finance and the Internet industry. With a strong entrepreneurial background, he ventured into the crypto space in 2013, drawn by the principles of fairness, democracy, cross-border cooperation, inclusivity, and self-initiative. Since its launch, BingX has been dedicated to building a social trading platform that enables more people to easily access and engage in cryptocurrency trading.

BingX Account Setup

BingX Account Setup

Source: BingX

Step 1: Creating a BingX Account

To get started with BingX, visit their website and locate the “Sign Up” button in the top-right corner of the homepage. Clicking on it will initiate the registration process.

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BingX offers several sign-up options: you can register using your email, phone number, or Google account. For this guide, we’ll use email registration. Simply input your email address and create a secure password (at least 8 characters, combining letters and numbers for added security). You can also enter a referral code to earn some bonuses upon signing up.

Once your information is entered, click “Sign Up”. To ensure security, you’ll be prompted to complete a simple puzzle. Afterward, a six-digit verification code will be sent to your email. Enter this code to finalize your account creation.

Step 2: Verifying Your Identity on BingX

After setting up your account, it’s essential to verify your identity for security and compliance with financial regulations.

In your BingX dashboard, go to the “Identity Verification” section, usually found under your account settings. Here, you’ll need to provide personal information such as your full name, date of birth, and address.

To complete the verification process, BingX will require a scan of a government-issued ID, like a passport or driver’s license, and a selfie. Follow the on-screen instructions carefully. While the verification might take some time, BingX will notify you once it’s approved.

Step 3: Depositing Funds on BingX

With your account verified, you can now deposit funds. In the “Assets” section of your dashboard, click the “Deposits” button, where you’ll see options for depositing both cryptocurrencies and fiat currencies.

For cryptocurrency deposits, select the coin you wish to transfer, and BingX will generate a unique deposit address for your account. You can use this address to transfer your crypto from an external wallet to your BingX account.

For fiat deposits, BingX offers two main methods: P2P trading and bank transfers.

To use P2P trading, go to the “Buy Crypto” option on the main dashboard and choose “P2P Trading” from the dropdown. Select the fiat currency you want to deposit, along with your preferred payment method (bank transfer, PayPal, or local options). Browse the list of available sellers, each with their own terms, limits, and payment methods, and choose the one that suits you. Enter the amount you want to spend or the cryptocurrency amount you want to buy, then confirm your purchase by clicking “Buy Now”. Follow the seller’s instructions to complete the payment, then click “Transferred, Notify Seller” once the transaction is complete.

Alternatively, if you prefer depositing fiat through a bank transfer, select “Bank Transfer” as your payment option. BingX or its partner (Legend Trading) will provide you with bank details for the transfer. Ensure the deposit amount is within the allowed limits and transfer the funds from your bank to BingX using the provided information.

Step 4: Start Trading Crypto

To begin trading, navigate to the “Markets” section in the main menu. Here, you’ll find a list of cryptocurrencies available for trading, with top choices like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prominently displayed.

To start a trade, click on the cryptocurrency you’re interested in, which will take you to a dedicated trading page showing live price charts. On the right side of the screen, you’ll find options to buy or sell.

For beginners, a market order is a simple way to trade, as it executes immediately at the current price. You can also place a limit order if you prefer. Enter the amount you want to trade and click “Buy” to complete the transaction.

You can track your assets by visiting the “My Assets” section, where you’ll see all your holdings and their current value.

BingX KYC

Within this BingX review, as a centralized exchange, BingX is required to comply with Know Your Customer (KYC) regulations, aimed at preventing money laundering and financing of terrorism. BingX offers two types of verification processes: one for individual users and another for corporate clients.

BingX Review

What does BingX KYC include?

Pros and Cons of BingX

Pros

  • User-friendly interface with easy-to-navigate website
  • No mandatory verification required for trading, depositing, or withdrawing funds initially
  • 100% margin reserves verified
  • Trading fees are below the market average for spot and futures markets
  • Multiple deposit methods, including the option to buy cryptocurrencies with fiat
  • Ability to buy and sell cryptocurrencies through P2P trading
  • Wide selection of cryptocurrency pairs
  • Option to trade stocks, commodities, and more
  • Copy trading feature available
  • Leverage up to x150 offered
  • Opportunity to earn passive income from idle funds
  • Affiliate program available
  • Bonus program with chances to earn rewards
  • Multiple support channels for communication

Cons

  • KYC is required for withdrawing large sums
  • High withdrawal fees for some cryptocurrencies
  • Limited options for earning passive income
  • Lack of analytical resources on the platfor

BingX Recommended For

While assessing this BingX review, we found that BingX is a great platform for cryptocurrency traders of all experience levels, but it’s especially beneficial for beginners or traders interested in copy trading. In this BingX review, we highlight the exchange’s extensive copy trading features, which allow users to replicate the strategies of experienced traders. We’ll explore this further in later sections.

BingX Recommended For

Is BingX the best exchange today?

Additionally, BingX offers several user-friendly support features:

  • Beginner’s Guide: Similar to tutorials found on other platforms, the BingX Beginner’s Guide provides a step-by-step walkthrough on how to use the platform and start trading crypto. This resource is particularly valuable for new traders looking for an in-depth introduction.
  • Help Center: At https://bingx.com/en-us/help/?ch=investing, BingX’s Help Center allows users to ask questions on topics like password changes, verification, and more, making it a useful resource to consult before reaching out to customer support.
  • BingX Verify: One of the platform’s standout features, BingX Verify, lets users check a domain name, Telegram ID, or email address to confirm if it belongs to a legitimate BingX representative. This tool helps users avoid potential scams by verifying the authenticity of those claiming to represent the exchange.

With these support features and copy trading access, this BingX review demonstrates how the platform is particularly well-suited for new traders looking for guidance and a simplified trading experience.

BingX Regulated By

DCE (Australia)

Money Services Business (United States & Canada)

BingX Account Options

Broker TypeCryptocurrency Broker
Minimum Deposit1USDT
Forex Majors SpreadN/A
ScalpingN/A
HedgingN/A
Free Demo AccountYes
Traders From USANo

 

Key Features of BingX Exchange Explained

Key Features of BingX Exchange Explained

Key Features of BingX What makes it stand out from other exchanges?

Spot and Futures Trading

In this BingX review, one of the standout features is its support for over 750 cryptocurrencies in the spot market, allowing users to directly buy and sell digital assets at current market prices. This is ideal for those looking to acquire crypto for immediate holding.

Spot trading on BingX offers two key benefits:

  • Quick Buy and Sell: Users can quickly execute trades at the current market price, including the option to transact with fiat currencies.
  • Zero-fee Crypto Conversion: BingX enables instant conversion between 100+ cryptocurrencies without any fees, making it easier to diversify your portfolio without additional charges.

BingX also provides two futures trading options:

  • Traditional Futures: These contracts have an expiration date and involve agreeing to buy or sell a specific crypto asset at a set price on that date.
  • Perpetual Futures: These contracts do not have an expiry date, allowing users to hold them indefinitely. BingX supports both USDT-margined (USDT-M) and Coin-margined (Coin-M) perpetual contracts, offering flexibility in collateral choice between Tether (USDT) and the specific cryptocurrency of the contract.

For managing trades, BingX offers two margin modes:

  • Cross Margin: This uses your entire account balance as collateral for all positions, potentially maximizing profits but increasing risk if one position suffers a loss.
  • Isolated Margin: Here, you assign a specific margin to each position, limiting the risk of individual trades affecting your entire portfolio.

BingX Order Types

Beyond standard market and limit orders, BingX offers advanced order types for more strategic trading:

  • Take Profit (TP)/Stop Loss (SL): These automated orders help lock in profits or minimize losses by automatically selling when a target price is reached.
  • Trailing Stop: This automatically adjusts your stop-loss price as the market moves favorably, locking in profits.
  • Post-Only Orders: Ensures that your orders add liquidity to the market and avoid slippage.
  • Trigger Orders: Executes trades when the market reaches a specified trigger price, useful for entering trades under specific market conditions.

BingX Copy Trading

A major highlight in this BingX review is its copy trading platform, which allows users to automatically replicate the trades of experienced traders. With over 17,000 elite traders and 600 million copy trading orders executed, BingX’s copy trading feature is widely used in both spot and futures markets. It includes features like “copy by position,” allowing users to allocate a percentage of their portfolio to follow specific traders, helping manage risk.

BingX also fosters a learning community, where users can collaborate and earn rewards through referral bonuses and participation in the Elite Copy Traders Program, offering high commissions to top traders.

BingX Copy Trading

How does BingX Copy Trading work?

BingX Wealth

BingX Wealth is another feature discussed in this BingX review, offering opportunities for passive income. It includes two main options:

  • Simple Earn: Offers Fixed and Flexible Earn options, where Fixed Earn provides higher interest rates for longer lock-up periods (up to 2% APR on BTC), and Flexible Earn allows users to redeem their crypto anytime (up to 10% APY on USDT).
  • Shark Fin: A structured product that offers returns based on your market predictions for Bitcoin (BTC) or Ethereum (ETH), with options for both bullish and bearish market conditions.

Automated Grid Trading

For those looking to automate their strategy, BingX offers three grid trading options:

  • Spot Grid: Ideal for beginners, this option automatically buys and sells crypto within a price range, profiting from volatility.
  • Futures Grid: Similar to Spot Grid but for leveraged futures trading.
  • Spot Infinity Grid: Designed for extended sideways markets, this advanced strategy accumulates more of a specific cryptocurrency (e.g., Litecoin) by continuously buying low and selling high without predefined limits.

This BingX review underscores how these features cater to both new and experienced traders, offering a robust platform for trading and investing in the cryptocurrency space.

Overview BingX

Type of BrokerNon-Advisory/Executionary Broker
Regulation & LicensingDCE (Australia), Money Services Business (United States & Canada)
Clients Accepted from100+ Countries
Assets Offered300+ Cryptocurrencies
Platforms AvailableWeb, Mobile
Mobile CompatibilityiOS, Android
Payment Types AcceptedCredit Card, C2C

Account Types

BingX Account
FeaturesBuy Crypto With Credit Card, Access To Copy Trading And Other Features
Account CurrenciesUSDT
Available LeverageDepends On Asset
Minimum Deposit1USDT
Commission Per Trade0.05% Per Order For Takers, 0.02% Per Order For Makers
Decimal PricingN/A
Trading Instruments300+ Cryptocurrencies
Min. Lot Size Per TradeDepends On Asset
SpreadsN/A
Demo AccountYes
Swap/Rollover FreeN/A
Copy Trading SupportYes

Trading Platforms

BingX Web

BingX App

Trading and Investment Tools

One Click TradingYesTrade off ChartsN/A
Email AlertsYesMobile AlertsYes
Stop OrderYesMarket OrderYes
Trailing Stop OrderYesOCO OrdersN/A
Limit OrderYes24hr TradingYes
Charting PackageN/AStreaming News FeedYes

Compliance & Regulation

In this BingX review, we highlight that BingX is a regulated platform, complying with major financial authorities like DCE in Australia and Money Services Business in the United States and Canada. As a global financial service provider, BingX operates offices across the EU, North America, Canada, Taiwan, and Hong Kong.

Additionally, BingX is part of the Bing Group, which holds licenses in key regions, including the U.S., Australia, Canada, and the EU, ensuring a secure and compliant trading environment for its users.

Compliance & Regulation

BingX always complies with a secure and compliant to protect user standards to the maximum extent?

BingX Fees & Commissions

Rollover FeeN/A
Margin InterestN/A

BingX Pricing

In this BingX review, for a comprehensive breakdown of trading fees, you can visit https://support.bingx.com/hc/en-001/articles/360027240173?ch=investing. 

This resource outlines all relevant fees, including those for withdrawals, standard futures trading, perpetual futures trading, and spot trading conversions. BingX applies a competitive crypto exchange fee rate of 0.2%, making it an attractive option for traders seeking cost-effective solutions.

Service Details of BingX

As you explore this BingX review, the platform emphasizes its strong commitment to reliability and security. BingX implements several key security measures to safeguard its users and ensure the platform’s safety, which it considers its “lifeline.” These measures include:

  • Two-Factor Authentication (2FA)
  • Bank-level custody solutions
  • Routine operational and maintenance reviews
  • Partnership with SlowMist since 2020 for enhanced security
  • Insurance Fund Mechanism to protect users
  • Immediate removal of market anomalies to shield clients from volatile assets

For a more detailed overview of BingX’s security protocols, you can refer to their official blog at https://support.bingx.com/hc/en-001/articles/6157047479193-BingX-Measures-on-Ensuring-Platform-Security-and-User-Protection?ch=investing.

BingX Security Measures: Is It Safe & Legit?

Is It Safe & Legit?

What does BingX Security include and is it legal?

Within this BingX review, the platform highlights its strong focus on security, ensuring that users’ cryptocurrency and data remain protected. Here’s a summary of the key security features BingX offers:

  • Two-Factor Authentication (2FA): By requiring both a password and a changing code from your phone (via Google Authenticator or SMS), BingX adds an extra layer of protection to your account, making it harder for hackers to gain access.
  • Proof of Reserves (PoR): BingX ensures transparency by verifying its asset holdings with authoritative auditors like Mazars. The exchange regularly publishes a Merkle Tree on the 1st and 15th of each month, proving its financial stability.
  • Fund Password: Separate from your login password, this is required for withdrawals, meaning that even if someone gains access to your account, they won’t be able to move your funds without this additional password.
  • Whitelist Withdrawal Addresses: BingX allows you to specify trusted withdrawal addresses, preventing unauthorized withdrawals and keeping your assets secure.
  • Anti-Phishing Code: This personal code appears in all official BingX emails, helping you distinguish between legitimate communications and phishing attempts.
  • Encrypted Connections: BingX uses SSL encryption to secure the information transferred between your browser and their servers.

Additionally, in terms of regulatory compliance, BingX holds several important licenses to ensure it meets financial and legal standards:

  • AUSTRAC registration: BingX is registered with Australia’s financial regulatory body responsible for preventing money laundering and terrorist financing.
  • Money Services Business (MSB): BingX is registered with FinCEN in the U.S., a key bureau of the U.S. Department of the Treasury.
  • FINTRAC registration: BingX is also registered with Canada’s financial intelligence unit, ensuring compliance with financial regulations.
  • FCIS License: The platform holds a license from Lithuania’s FCIS, which oversees financial transactions to prevent money laundering and financial crimes.

This BingX review confirms the platform’s robust security and regulatory framework, giving users confidence in its safety and legitimacy.

BingX Customer Support and User Reviews

BingX Customer Support and User Reviews

Is BingX Customer Support better than other exchanges?

Throughout this BingX review, the platform offers several customer support options to assist users with account or trading-related inquiries:

  • Help Center: The BingX Help Center is a comprehensive resource for users. It provides FAQs, guides, and articles on various topics. Users can search through the library to find answers to common questions.
  • Email Support: For more specific queries, users can contact BingX via email at support@bingx.com. Their 24/7 email support ensures users can get help at any time.
  • Live Chat: BingX also provides live chat support for immediate assistance, allowing users to connect directly with a representative through the website.

In terms of customer feedback, reviews of BingX are mixed. Some users report positive experiences, praising the platform for its user-friendly design and efficient service. However, others have encountered challenges, particularly with reaching support or resolving issues.

On TrustPilot, BingX holds a rating of 2.3/5. Users often commend its easy-to-use interface and educational materials but note that it lacks some features compared to other crypto platforms, and many would like to see more payment methods available. Overall, this BingX review highlights both the strengths and areas for improvement in customer support and user experience. 

BingX Supported Cryptocurrencies and Trading Pairs

In this BingX review, the platform stands out by offering an extensive variety of over 750 cryptocurrencies and 830+ trading pairs. This allows users to trade top coins like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), along with numerous low-cap altcoins and newly listed projects. BingX also incorporates stablecoins such as USDT, USDC, and DAI in many of its trading pairs, adding convenience for traders.

Additionally, BingX supports a diverse range of cryptocurrencies across different sectors, including:

  • Metaverse
  • Non-Fungible Tokens (NFTs)
  • Decentralized Finance (DeFi)
  • Play-to-Earn (GameFi)
  • Smart Contracts
  • Layer 1 and Layer 2 blockchain solutions
  • Real World Assets (RWAs)
  • This extensive offering makes BingX an appealing platform for both mainstream and niche crypto traders.

BingX Competitor Comparison in 2025

Best ForCopy TradingCopy Trading and DeFi ServicesDerivatives Trading
Tradable Assets750+800+700+
Trading Fees0.1% maker/taker0.1% maker/ taker0.1% maker/taker
Derivatives TradingYesYesYes
Maximum Leverage125x125x on BTC and 100x on altcoins125x
Copy TradingYesYes
P2P TradingYesYesYes
Earn ServicesSimple Earn and shark finFixed/flexible savings, BGB staking, structured products like dual investment, shark fin, and range sniperKCS staking, fixed and flexible savings, snowball, crypto lending
DeFi WalletYes
LaunchpadYesYes (Spotlight)
SecurityVery HighVery HighHigh

BingX Review – Frequently Asked Questions

FAQs for BingX Review 

FAQs for BingX Review 

Is BingX a trustworthy exchange?

Yes, BingX is recognized as a reliable platform, known for its emphasis on security, transparency, and enhancing user experience. It has earned positive feedback for maintaining a safe trading environment.

What cryptocurrencies are available for trading on BingX?

BingX offers access to over 750 cryptocurrencies, including major coins like Bitcoin, Ethereum, Ripple, Litecoin, as well as popular meme tokens such as DOGE and SHIB.

What are the trading fees on BingX?

The trading fees on BingX depend on the type of trade, user’s VIP status, and trading volume. The exchange features a tiered fee system, with reduced rates available for VIP members.

Can I trade on BingX without KYC verification?

Yes, trading on BingX is possible without completing the full KYC (Know Your Customer) verification. However, non-verified accounts face certain restrictions, such as a $50,000 daily withdrawal limit and the inability to make fiat deposits via P2P trading. Completing KYC allows you to unlock higher limits, increasing your withdrawal capacity to 5,000,000 USDT.

Is BingX a good exchange?

BingX is regarded as a reliable and user-friendly crypto exchange, making it a solid option for many traders. It offers diverse trading options, including spot, futures, copy trading, and grid trading, catering to both beginners and seasoned traders.

The platform stands out for its competitive fees, wide selection of over 750 cryptocurrencies, and strong security measures. However, depending on your needs, you may want to consider potential limitations such as payment methods or availability in specific regions.

Where was the BingX Exchange founded?

BingX was established in Singapore in 2018 and has since expanded its operations globally. The exchange now has branches in multiple regions, including Asia, Oceania, Europe, and South America.

Is BingX a trusted platform?

Yes, BingX is trusted by over 10 million traders worldwide. The exchange prioritizes security and transparency, offering 100% Proof of Reserves and regular audits by respected firms like Mazars and CertiK.

BingX also implements two-factor authentication (2FA), encrypted connections, and withdrawal whitelisting to enhance user security. Its compliance with regulations in regions like the EU and Australia adds to its credibility as a secure platform for crypto trading.

Does BingX support demo trading?

Yes, BingX provides a demo trading feature specifically for the crypto derivatives market. This allows users to practice trading without using real funds, making it a valuable tool for both beginners learning the ropes and experienced traders testing new strategies.

The Future of BingX

Is BingX the best exchange today?

Is BingX the best exchange today?

The future of BingX looks promising as the platform continues to evolve in the rapidly changing landscape of cryptocurrency and digital asset trading. As more people become interested in cryptocurrencies, platforms like BingX are expected to play a pivotal role in shaping the next wave of crypto adoption. One of the key factors driving BingX’s growth is its commitment to innovation, especially in features like social trading and copy trading, which allow users to follow and replicate the strategies of successful traders. This user-centric approach has positioned BingX as a go-to platform for both beginners and experienced traders alike.

Looking ahead, BingX is likely to expand its offerings to cater to the growing demand for more advanced trading options. The platform is already well-regarded for providing access to leveraged trading across various markets, including cryptocurrencies, forex, and commodities. As the regulatory environment around crypto trading becomes more defined, BingX’s ability to adapt to these changes will be crucial for its continued success. By prioritizing security measures like two-factor authentication (2FA) and Know Your Customer (KYC) processes, BingX demonstrates its commitment to providing a safe and reliable platform, which will be essential as more regulatory frameworks emerge globally.

Another significant trend influencing BingX’s future is the rise of decentralized finance (DeFi). While BingX is currently a centralized exchange, it may explore ways to incorporate DeFi elements into its platform to appeal to a broader audience of crypto enthusiasts. This could involve offering decentralized trading options or integrating with DeFi protocols that allow users to earn passive income through staking or liquidity provision. As more users seek platforms that provide flexibility and additional earning opportunities, BingX could capitalize on this trend by expanding its services in this direction.

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Final Thoughts

Our BingX review has revealed a platform that caters to a diverse range of traders. While its copy trading functionality is a standout feature, the overall user experience, security measures, and fee structure are also noteworthy. However, as with any investment platform, it’s essential to weigh the pros and cons. If you’re seeking a platform that offers a blend of social trading and traditional exchange features, BingX is certainly worth considering. For more insights into the cryptocurrency market, continue reading our comprehensive reviews on Coinreviews.

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