According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
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Our Evaluation of BingX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BingX is a moderate-risk cryptocurrency exchange with the TU Overall Score of 6.73 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BingX clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
BingX exchange provides services for novice and experienced traders and also investors at a very high level. All key assets are available for trading, the fees are generally low and the trading platform based on TradingView is simple to use.
The Company does not participate in the rebate program.
Brief Look at BingX
BingX exchange was established in 2018 and is one of the largest international platforms for trading cryptocurrencies. The exchange provides you with an opportunity to trade in the spot market; there is conversion and grid trading and also standard and perpetual futures. BingX provides services in 100 countries; users can trade Bitcoin and all major altcoins; there is no exchange with fiat money (but there is USDT, which is tied to the US dollar). The exchange awards several starting bonuses, including no deposit bonuses. A social trading platform with transparent rating is a special advantage of the exchange. It is a simple and effective method for earning passive income for novice investors.
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- BTC, and also ETH, USDT, XRP, DOGE, BNB and other popular altcoins are available for trading.
- Clients can trade in the spot market, and earn on conversion and grid trading.
- The exchange offers passive income options through the social trading platform.
- Some of the lowest fees in the market (the average daily spread is 0.04%).
- Simple, user-friendly mobile app with a trading platform based on TradingView.
- The company is officially registered in the US, Canada, Australia and EU (Estonia).
- Customer support works promptly in the 24/7 mode.
- No leverage is offered for spot trading, traders have to rely on their own funds.
- With low trading fees, some withdrawal fees are rather high (for example the fee is 20 USDT for USDT-ERC20).
- Customer support is available via email and live chat, but the broker does not have a call center.
TU Expert Advice
Financial expert and analyst at Traders Union
BingX has been operating for four years. Over this period, there have not been any unresolved conflicts with clients; the platform has not been hacked and there have not been insider leaks of user data. The exchange is 100% stable. Comprehensive testing of the website and the app, including by dynamic criteria at a peak workload, did not show any weaknesses and performance drawdowns. The app is intuitive, at the level of top standard.
As for the trading conditions, BingX has spot, conversion, grid trading and derivatives (perpetual and standard futures). Leverage is not offered for any type of trading. The standard fee for BTC/USDT is 0.050% for maker and 0.100% for taker (discounts are offered from time to time). The spread is floating, with an average value of 0.04% for the majority of assets (0.01% for some assets). In terms of the assets, the broker offers access to trading Bitcoin and all top altcoins, including ETH, XRP, $XEMP, BNB, DOGE and others. The base asset is USDT; all the rest assets are traded with it; the fees are charged in USDT and the deposits are converted in USDT.
There are no issues with withdrawals – all cryptocurrency wallets are accepted.
The fees are fixed and are based on the withdrawal option. For example, the fee for USDT-TRC20 is 1 USDT and for USDT-OMNI – 28 USDT. These are average indicators in the market or slightly higher than average. The trading fees, however, are average or lower than average. Overall, it can be said that BingX offers standard trading conditions.
There are separate fees for the copy trading service and they depend on the asset and signal provider. The profitability of top providers can reach 2400%+, which allows passive investors to earn great money. Based on the summary of factors, the broker can be recommended.
BingX Summary
Your capital is at risk.
| 💻 Trading platform: | Proprietary, based on TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | BTC, ETH, USDT, USDC |
| 💵 Deposit / Withdrawal: | Cryptocurrency wallet, other cryptocurrency exchange |
| 🚀 Minimum deposit: | 1 USDT |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 Commission: |
Spot: 0,1%-0,1% Futures: 0,02%-0,045% |
| 🔧 Instruments: | 740 supported coins, Futures, Perpetual contracts, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Cryptocurrencies |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Yes |
| 🎁 Contests and bonuses: | Yes |
Despite that BingX generally has average trading conditions in the market, in terms of the fees, it is one of the best brokers. It is more beneficial to trade on this platform than the majority of competitors. And if you use the TU rebate services, the benefit becomes even bigger.
BingX Key Parameters Evaluation
Video Review of BingX
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Expressprofitsfx is an amazing broker. Very trustworthy. You're safe with them. I didn't see any issues with them. Even for beginners, it is easy to use, and the customer service live chat is quick in replying. I would recommend it. Visit the site and click on the WhatsApp logo in the site to contact company support if you want to make amazing profits in trading or kindly write to them through their official ExpressprofitFX@fastservice.com
Regulation and safety
With a 5/10 score, BingX demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Investor protection fund
- 2FA
- Cold wallet storage
- Not U.S regulated
- No facial recognition
BingX Security Factors
We also compared BingX against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| BingX | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | Yes | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | Yes | No | No |
Is BingX a regulated crypto exchange?
BingX is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean BingX is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at BingX?
Yes, KYC verification is mandatory at BingX. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is BingX available?
BingX complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Netherlands, Iran, Islamic republic, Saudi Arabia, Japan, Uganda, Denmark, Palestine, Iraq, Lebanon, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Afghanistan, Somalia, Burma. For the most up-to-date information on regional availability, please contact BingX support.
Is BingX available in the USA?
Yes, BingX is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
BingX commissions and fees
BingX has earned a rating of 9.25/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as BingX is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- No P2P fee
- Withdrawal fee may be applied
What are BingX trading fees?
We analyzed BingX’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
BingX trading fees vs competitors
| BingX | Binance | Bybit | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,1 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,1 | 0,1 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,02 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,045 | 0,05 | 0,055 | 0.053 |
What are BingX deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 0,005 ETH |
Does BingX offer P2P trading?
Yes, BingX offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.BingX P2P Fees
Deposit and withdrawal
BingX received a 8.5/10 rating for its deposit and withdrawal services. BingX supports a wide range of payment methods with low or no fees, ensuring fast and convenient transactions.
- Many cryptocurrencies for deposits and withdrawals
- P2P for flexible transfers
- No deposit fees
- Google Pay supported
- No PayPal option
- Withdrawal fee applies
Deposit and withdrawal options
BingX supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, Google Pay, Apple Pay.
BingX Deposit and withdrawal options vs competitors
| BingX | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is BingX minimum deposit?
The minimum deposit at BingX is 1 USD/USDT or 0,001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BingX minimum deposit vs competitors
| BingX | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does BingX support fiat money?
BingX supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
BingX received a score of 8.5/10 in this category, highlighting its excellent selection of tradable assets and market access. BingX supports 740 coins and caters to various trading types, making it a strong choice for both active traders and long-term investors.
- Staking available
- 740 supported coins
- Crypto copy trading available
- NTFs not available
- Crypto options not available
BingX supported coins and markets vs competitors
We compared BingX with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| BingX | OKX | Kraken | |
| Supported coins | 740 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
BingX passive income options vs competitors
We also compared BingX with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
BingX received a score of 9/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- Positive user feedback on the iOS app
- Automated trading with bots
- App data protection with 2FA
- Android app score 4,5
- No standalone desktop access
- No Face ID
- Advanced orders not available
Trading apps
BingX provides web and mobile apps for both Android and iOS users, with an average rating of 4,6 on the App Store and 4,5 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the BingX platform is for mobile use.
| BingX | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | Yes | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does BingX offer a desktop app?
No, BingX does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does BingX offer advanced charting with TradingView integration?
Yes, BingX offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | Singapore, Central Region |
| Official site | https://bingx.com/ |
| Contacts |
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