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bingX Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
BingX logo
3.22
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
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The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

BingX stands out as an adaptive and secure crypto exchange platform, offering a range of trading options from Ethereum and Bitcoin to alternative digital assets.

BingX Exchange equips traders with all of the tools and features required to navigate crypto markets efficiently while placing great importance on security and customer support. From adopting new assets or keeping up with trends like social trading networks, BingX stands ready to meet the changing demands of cryptocurrency community members.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Offers spot and derivatives trading
  • Supports multiple payment methods for deposits and withdrawals
  • Provides access to a copy trading feature
  • Implements robust security measures
  • Offers a user-friendly interface

Cons

  • Fees can be relatively high on certain trades
  • Limited educational resources for beginners
  • Customer support can be slow to respond
  • Not available to users in all countries due to regulatory restrictions
  • The selection of cryptocurrencies might be limited compared to larger exchanges

Quick Summary

Headquarters Location International
Fiat Currencies Supported USD, AUD, GBP, CAD, EUR, NZD + 140 others (some through third party apps)
Total Supported Cryptocurrencies 833+
Trading Fees 0.05% - 0.20%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Google Pay, MoonPay, Banxa, Mercuryo
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

BingX stands as an impressive entry in the field of cryptocurrency exchanges. Created to meet the needs of traders of all levels – beginners to experienced – this platform aims to deliver a smooth trading experience by offering multiple options right at users’ fingertips.

BingX homepage

BingX provides evidence of how cryptocurrency trading transcends simple currency exchanges with their diverse offerings. As an exchange, BingX captures the spirit of one place where all aspects of crypto collide – not only trading avenues but also hubs for learning, strategy development and community interaction are available under one roof.

Such platforms have become indispensable tools for both novice and seasoned traders who seek an integrated trading environment to complement the dynamism of digital currency markets.

About BingX

BingX, originally founded in Hong Kong, has quickly evolved since its introduction. The platform strives to bridge the gap between traditional financial markets and digital assets.

BingX prides itself on offering inclusive solutions, catering to customers around the globe with a diverse array of digital currencies and coins.

BingX features

BingX’s journey has been defined by dramatic shifts in digital assets. When Hong Kong became a key location for fintech innovation, BingX leveraged this environment to lay strong trading foundations.

BingX has responded to the transformation in the crypto landscape caused by its proliferation of digital currencies and integration of blockchain technology across various market sectors by expanding and adapting to meet modern traders’ needs, in particular by offering innovative trading products and staying current with DeFi revolution. To maintain relevancy and competitive edge in an ever-evolving landscape, adaptability remains at the core of BingX. It has enabled it to remain responsive to market demands while remaining responsive enough for investors who demand its services – evidenced by responsiveness to market demands that allows it to respond quickly while keeping relevance alive while remaining competitive edge in an ever-evolved landscape.

BingX has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram, TikTok and YouTube.

BingX has a mobile app on both the Apple App Store and Google Play.

BingX Supported Cryptocurrencies

BingX supports trading on over 833 cryptocurrencies on their platform. This exchange currently supports 26 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Toncoin (TON)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • NEAR Protocol (NEAR)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Pepe (PEPE)
  • Internet Computer (ICP)
  • Ethereum Classic (ETC)
  • Kaspa (KAS)
  • Aptos (APT)
  • Monero (XMR)
  • Render (RNDR)
  • Hedera (HBAR)

Download full list of cryptocurrencies BingX supports

Trading Experience

BingX provides an enjoyable trading experience without sacrificing the depth of features available to users. Their platform supports everything from simple buy and sell orders to more complex contract trading, including perpetual futures trading.

Our interface caters to both novice and seasoned traders alike, creating an enjoyable trading journey for everyone.

BingX provides an experience tailored to the expectations of its diverse user base, providing access to tools and resources designed to enable traders to conduct an array of trading activities.

BingX stands out as an exchange that meets modern traders’ demand for depth and flexibility with ease; from setting up trading accounts quickly to exploring advanced trading options like crypto derivatives and Ethereum-based smart contracts. BingX’s incorporation of trading indicators and technical analysis tools further adds to this experience, empowering traders to make data-backed decisions.

BingX exchange marketing

BingX Fees

BingX has designed its fee structure to reflect the trading activities of different users. Tiered fees reflect both trading volume and engagement levels for every trader on BingX.

Fees are structured in such a way as to be transparent and competitive within the industry.

Understanding fee structures is vital for optimizing trading strategies and maintaining profitability. At BingX, our fee rates adhere to industry standards to ensure competitive pricing without compromising service quality.

BingX’s fee strategy is tailored to provide clarity and fairness under any market condition. By keeping fees as a secondary consideration for traders, they are free to focus on market analysis and position management – key aspects in crypto derivatives trading where precise cost calculation has a direct bearing on overall trading outcomes.

Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 0%
Trading Fee 0.05% - 0.20%
Withdrawal Fee (Bank Transfer) 0%

BingX supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.00035 BTC. The average across all other exchanges that we've reviewed is 0.000415 BTC. This means BingX charges below the industry average by 15.75%.

Security - Is BingX Safe?

BingX places great emphasis on the security and regulation of its platform to protect asset holders’ interests. Through stringent identity verification procedures and compliance with regulatory agencies’ guidelines, users have an environment conducive to safe trading activities.

BingX understands that security remains of utmost importance for cryptocurrency exchanges in today’s digital environment, dedicating substantial resources to protect its infrastructure from potential threats while building customer trust through safeguarding customer accounts.

BingX takes security very seriously, evidenced by proactive measures such as regular system updates and audits by external experts. Furthermore, we are diligent about adhering to regulations laid out in Money Services Business (United States & Canada), showing our dedication to operating within legal constraints that strengthen user trust in our system’s integrity and resilience.

BingX Customer Support

BingX stands by their commitment to user satisfaction with dedicated support via various channels such as email. A team is always ready and waiting to assist users and address queries or problems promptly.

Focusing on providing timely and helpful support ensures an exceptional experience for every customer.

BingX understands the importance of offering superior customer support as part of maintaining its loyal user base in cryptocurrency trading, so we aim to deliver service that not only addresses technical issues but also guides users through all aspects of digital currency trading.

The exchange goes beyond mere troubleshooting to offer documentary trading services and educational resources that deepen users’ trading knowledge. A technical team dedicated to processing inquiries and offering assistance through various channels (including email alerts ) ensures users receive timely and effective support.

BingX support

BingX Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on BingX

  1. Create Account - Visit the BingX website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • MoonPay
  • Banxa
  • Mercuryo

BingX Alternatives

Binance logo

Binance

3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
394+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance
Kraken logo

Kraken

3.44
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
253+

Trading Fees
0.08% - 0.40%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

Visit Kraken
OKX logo

OKX

3.57
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
365+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

BingX stands out as an inclusive crypto exchange, catering to traders of various trading preferences and styles. Its features provide flexibility for spot trading as well as more advanced derivatives trading activities.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: