BingX is a centralized crypto exchange that offers advanced trading tools like spot trading, perpetual futures contracts with 150x leverage, copy trading, automated trading bots, and passive income products like savings, staking, dual investment, and crypto loans. The exchange is highly secure with MFA, cold storage, 100% PoR data, and an insurance fund. However, BingX is generally unavailable in the US and UK due to regulatory restrictions.
In this BingX review, we’ll break down everything you need to know about BingX: what it is, its pros and cons, the main features it supports, fees, security, and more.
BingX Review: What Is It?
BingX is a global cryptocurrency exchange that currently serves over 40 million registered users. It was launched in 2018 by founder Josh Lu, and since then, it has quickly expanded from its roots (it originally came from China) to serve a global community. They also maintain their long-standing partnership with Chelsea FC as their official sleeve partner. Right now, it is famous for being a one-stop hub where you can trade crypto, global indices, commodities, and even forex pairs in a single account.
You can do spot trading (buy/sell crypto instantly) and derivatives trading (futures on crypto, plus new ones on commodities/forex/stocks). It also offers industry-leading copy trading and automated trading bots (grid bots, martingale, etc.). Now for passive income, BingX also has earn products like staking, savings, dual investments, loans, and other finance tools.
Today, the platform prides itself on being tech-forward, as it calls itself an AI company and even has BingX AI, touted as the world’s first AI crypto trading assistant. Well, in practice, you’ll notice AI features like personalized trade suggestions. Its security setup includes cold wallets, 2FA, KYC verification, and even a massive safety net fund ($150 million shield fund) in case anything goes wrong.
But that said, BingX doesn’t operate everywhere. Yes, it’s available in many regions (Europe, Asia, Latin America, Australia, etc.) with registrations in countries like Lithuania (EU) and Australia, but not in the United States.
What are The Advantages and Drawbacks of BingX?
The pros of BingX are a wide range of crypto trading products, a standout copy trading portal, competitive fees, a user-friendly interface, and global presence and affiliations.
The cons of BingX are unavailability in the U.S. market, limited licensing in major markets, slow customer support, and lower liquidity in some new coins.
Advantages of BingX
Wide Range of Products: BingX offers many trading products. You get spot markets for hundreds (or even 800+) of coins, futures, and perpetual contracts, copy trading/social trading, grid trading bots, and various earn/investment products.
Standout Copy Trading: You can copy both spot traders and futures traders. There are thousands of so-called “elite” traders in the system, and BingX has even expanded copy trading to traditional instruments (commodities, foreign exchange, etc.).
Competitive Fee Structure for Futures: BingX trading fees are actually low to moderate compared to other exchanges. Especially when it comes to the futures markets, the fee structure is quite competitive. The basic trading fee for the perpetual futures markets is around 0.05% for taker orders and 0.02% for maker fee, but it can go lower based on your trading volume and VIP level.
User-Friendly Interface/Tools: It has a relatively friendly interface on both the web version of the platform and on mobile. It provides a number of features that are aimed at catering to beginners, such as demo trading without using real money.
Global Presence and Partnerships: BingX has offices/registrations in Europe (Lithuania), Australia, and other regions, showing it’s a legit business. It won sponsorships with top sports teams (Chelsea FC, Ferrari), which speaks to its ambition.
Drawbacks of BingX
Not Available to U.S. Users: Well, if you live in the USA, you can’t use BingX at all. It’s blocked there. So for American readers, this BingX review is mostly academic. For everyone else, it’s fine (just make sure it’s allowed in your country).
Limited Regulation in Major Markets: BingX isn’t regulated in tier-1 markets like the U.K. either. Yes, it’s registered in some jurisdictions, but in the U.S. and UK, it’s basically “unregulated” from a user perspective. So, that means there’s no FDIC insurance or government oversight as you’d have with a bank. Well, this is common with crypto, but still something to note: your funds are mostly protected by the company’s own policies (Proof-of-Reserves, Shield Fund) rather than by law.
Customer Support and Trustpilot Scores: Basically, users have complained about slower customer support. You see, on Trustpilot, BingX has around a 1.8/5 score. However, keep in mind that most exchanges also get low scores because unhappy users are more likely to leave reviews. For comparison, Binance is 1.4/5 on Trustpilot. Still, you should be prepared that support might take a while to help if something goes wrong.
Liquidity on Small Coins: BingX has great liquidity for big coins (BTC, ETH, etc.), no complaints there. But some small or new altcoins may have thin order books. Hence, if you trade very obscure tokens, you might experience larger spreads or slippage compared to bigger exchanges.
What Features Does BingX Support?
The top features of BingX are spot trading, 150x leverage futures trading, copy trading, automated trading bots, and passive income products like savings and staking.
Spot Trading
Spot trading on BingX allows you to buy and sell over 800 different digital assets with immediate delivery to your wallet. You can find all the major coins like Bitcoin, Ethereum, and Solana, but they also list hundreds of smaller “gems” before other exchanges do. Generally, the trading engine is very fast and can handle thousands of orders every second without lagging.
Now, trading spot is really straightforward: you can pick a trading pair (for example, BTC/USDT) and place a buy or sell order. Plus, there are market orders for instant execution and limit orders where you set the price. The interface is quite similar to other exchanges, so if you’ve used Binance or KuCoin, you’ll find BingX very familiar. The mobile app also supports full spot trading.
Also, the exchange has integrated services like a crypto Visa Card (for spending crypto as fiat) and an easy “Convert” feature to instantly convert one coin to another. And if you’re new, note that BingX also allows you to start with a demo mode to practice spot trading with virtual funds.
Futures and Derivatives Trading
Futures and derivatives trading is the core of the BingX business model and accounts for most of its $20 billion daily volume. You can trade perpetual contracts with up to 150x leverage on the biggest pairs like BTC/USDT and ETH/USDT.
Well, they offer two main styles of futures trading: Standard Futures and Perpetual Futures.
Standard Futures are built for casual traders and allow you to use “isolated margin”. It protects the rest of your account balance if a trade goes wrong. BingX supports fixed-date futures for several cryptos.
Perpetual Futures are designed for professional traders who need more control over their positions. So, these contracts have no expiry date and use a “Funding Rate” to keep the price close to the actual market price. The funding rate on BingX is calculated every 8 hours, and they have some of the most stable rates in the industry.
Also, there are “TradFi Futures”. Well, BingX TradFi lets you trade futures on commodities (gold, oil), forex pairs (USD/EUR, etc.), stocks (like Apple, Tesla), and indices (S&P 500, etc.). And this is done with similarly high leverage, reportedly up to 500x on some instruments. It means if you’re on BingX, you don’t need to go to any stock brokers to trade Apple futures; you can do it all there.
They also introduced “Multi-Asset Margin” recently. Actually, this feature lets you use Bitcoin or Ethereum as collateral to trade USDT-based futures without needing to sell your coins first. Basically, this is a huge advantage for “HODLers” who want to hedge their portfolio during a market dip.
Copy Trading and Social Trading
Copy trading is where BingX really shines and stands out. Here, you can browse a list of successful traders (often called “elite traders” or “experts”) and choose to automatically replicate their trades in your own account. Right now, there are over 17,000 “Elite Traders” that you can follow with just one click of a button.
Well, the platform has processed over $600 million cumulative copy trading orders since the feature launched, and you can easily see every detail of a trader’s performance, including their 30-day ROI, win rate, and “Maximum Drawdown” (the most they ever lost in one go).
The new “Copy Trading 2.0” system is a massive upgrade over the old version, as it uses a multi-agent AI framework to make sure your trades happen at the exact same price as the person you are following. So, yes, this fixes the most well-known problem of “slippage,” where followers used to get worse prices than the leader.
Plus, they also have a “Copy Trade Insurance” program. Basically, if you are a new user and your first copied trade ends in a loss, BingX will give you a voucher to cover part of that loss.
Grid Trading Bots and Automation
Trading bots are essentially pre-programmed strategies that can buy and sell automatically according to rules you set. Here are the main ones:
Spot Grid Bot: This is a traditional one. You need to set a price range (for example, the price of BTC between $30k and $40k), as well as the number of “grids” or price levels you wish to set. The bot will then place a series of buy orders and sell orders across that range. It automatically buys low and sells high as the price moves.
Futures Grid Arbitrage: For futures, there are grid bots too. It tries to profit from the natural fluctuations in both bull and bear swings in the futures market. You set a channel for a futures contract, and it buys and sells within that. Here, you can use leverage.
Spot Infinity Grid: This is similar to the Spot Grid, but “infinite.” On the Spot Grid, once the price reaches the top or the bottom, you are done. In the infinite system, the position does not stop regardless of whether the price moves up or down (that is, if the price moves up, it continuously sells, and if it moves down, it continuously buys). It holds coins depending on the direction in which the price is moving.
Martingale Bot: This is a dip buyer. You need to select a coin and a base purchase amount. The bot will purchase when the price falls. Now, if it continues to fall (for example, another 3% or 5%), the bot will double the purchase amount each time (this is the Martingale rule). Later, when the price momentarily rises, the cheaper positions can be sold for profit.
Earn, Staking, and Investment Products
BingX has a section for earning interest on your idle crypto. Well, the “BingX Wealth” section offers different types of products:
Staking / Earn (Flexible Savings): You can lock up certain tokens (often stablecoins like USDT or top cryptos like BNB, SOL, etc.) and earn a yield. There are flexible terms (you can add or withdraw anytime), usually with lower APYs (say 5-10%). It’s basically like a savings account.
Fixed-Term Staking: Here, if you commit for a fixed period (7 days, 30 days, etc.), you will get a higher interest rate. APYs can be as high as 20% on selected coins.
Dual Investment: This is a structured product unique to some Binance-like exchanges. You can pick an “asset” (e.g., BTC or USDT) and a target settlement price. For example, you “sell high” if BTC goes above a price, or “buy low” if it stays below a price. If the target is reached at expiry, you earn an extra return in the alternate coin. It’s a bit complex but offers higher potential rewards if you’re okay with holding at a specific price. BingX even brands this as a “Buy low, Sell high” product.
Crypto Loans: You can borrow stablecoins against your crypto collateral. This is usually at a modest interest rate, and it’s a way to get liquidity without selling your coins.
BingX Fees: What You Need to Know?
BingX fees are very competitive, with 0.1% maker/take for the spot market and 0.02% maker and 0.05% take for the perpetual futures market. Okay, we’ve broken down all the costs into these clear sections so you can see exactly how much you will pay:
Spot Trading Fees
Spot trading fees start at a standard 0.1% for both makers (people who add orders to the book) and takers (people who buy immediately). This is very much in line with top exchanges (Binance and others often charge 0.1% base).
BingX has a VIP tier system (VIP0 up to SupremeVIP) based on your 30-day trading volume or BGB token holdings. So, as you move up the VIP levels, fees go down. For example, at VIP1, the spot maker fee can drop to ~0.035% and the taker to ~0.06%. At VIP5, it can be nearly half of that. Hence, this means high-volume traders can get fees down to very low levels (like 0.02% maker and 0.05% taker at the top tier).
Futures Trading Fees
Futures trading fees are where BingX is much cheaper than many of its competitors. For Perpetual Futures, the maker fee is only 0.02%, and the taker fee is 0.05%. Most exchanges charge around 0.06% taker fee, so it’s lower compared to the industry standard. Also, for Standard Futures, the fee is a flat 0.045%, and it is only charged when you close the position. Now, like spot, futures fees get smaller for high VIPs. You even pay a 0% maker fee for the SupremeVIP tier.
Deposit and Withdrawal Fees
Crypto Deposits: Free. BingX does not charge for crypto deposits. However, remember that network fees (paid to miners) still apply when moving between chains or doing on-chain transactions.
Crypto Withdrawals: Okay, you still have to pay withdrawal fees because these are the “network fees” required by the blockchain itself. For example (just an idea): withdrawing Bitcoin might cost around 0.00004-0.00005 BTC, Ethereum maybe 0.0005 ETH, USDT on TRC20 or ETH network might be around 1-2 USDT, etc. These fees change with network congestion, and BingX often sets them dynamically. They do have a minimum withdrawal amount, too.
VIP Program and Fee Discounts
The VIP program is designed to reward the most active users with massive fee discounts and special perks. Well, your VIP level is calculated based on your 30-day trading volume or your total account balance. Here are some VIP details:
You get a VIP level by either trading big volumes or by holding BGB tokens (their native token) in your account.
Higher VIP levels cut your trading fees (both spot and futures). The cut can be significant at high tiers.
There are normally 8 tiers (VIP0 to SupremeVIP). The requirements are high (millions of USDT traded per 30 days).
Apart from fees, VIP members also get higher referral rewards and priority customer service.
Is BingX Reliable to Use?
BingX is a highly reliable exchange that has never suffered a major platform-wide hack or lost user funds since it opened in 2018. Let’s look closer at safety and trust:
Security Measures: BingX uses typical security measures like many exchanges. They keep most of the user funds in cold storage (offline wallets), they have 2-factor authentication (2FA) you can enable, and they offer anti-phishing codes. They also have partnerships with cybersecurity firms (like audits by CertiK, SlowMist, and Mazars) to verify their systems. The site also mentions advanced AI for risk detection.
Proof-of-Reserves and Shield Fund: A big plus is that BingX has a publicly audited Proof-of-Reserves. Basically, this means a third party verified that BingX holds 100% of the crypto that users have deposited. It’s not something every exchange does. They also maintain a $150+ million Shield Fund dedicated to covering losses if something goes wrong (like a hack or extreme market event). Well, for you, this means there’s a clear commitment to protect user assets.
Licenses and Compliance: BingX is registered as a financial service in places like Lithuania (BingX EU UAB) and in Australia (with AUSTRAC). It does KYC (identity checks) for users. The company is also transparent about these offices and regulatory steps, which is a good sign. Still, as noted, there’s no license in the US/UK, so you can say it’s “regulated” more in peripheral markets.
Company Reputation: The team behind BingX hasn’t had major scandals that we know of. It’s privately held (originally by the Bingbon founder) but now an international brand. They’ve advertised a lot ($300M investment, big sponsorships), which suggests they have substantial backing. Now, on Trustpilot and Reddit, you will find some angry customers (common for any service), but nothing that screams “scam exchange”. Actually, in trust forums, users often say, “It’s legit, but be aware it’s not in the U.S. and support can be slow.”
How to Get Started With BingX?
To get started on BingX, you need to create an account and complete ID verification (KYC), deposit funds (fiat or crypto), and start trading crypto in the spot or futures market.
Step 1: Create an Account
Basically, creating your account is the very first step and requires either a valid email address or a mobile phone number to begin. You should visit the official BingX homepage, click the “Sign Up” button, and then enter your details. Well, after you enter your details, you will receive a 6-digit verification code that you must enter to activate your profile. Here, you can also use our BingX referral code for a welcome bonus.
Step 2: Complete KYC
Nowadays, completing the KYC (Know Your Customer) process is mandatory on BingX. So, go to your profile section and click on “Identity Verification”. You need to upload a clear photo of your government-issued ID, such as a passport or driver’s license, and perform a quick 3D facial scan.
Step 3: Deposit Funds
You can choose to “Buy Crypto” using a credit card through partners like MoonPay or Banxa, or you can transfer coins from an external wallet like MetaMask. Well, if you use the P2P market, you can buy USDT directly from other users using local payment methods like bank transfers or digital wallets.
Now, click “Assets” and deposit crypto or fiat. If you already own crypto, copy your Binance/MetaMask address and send it to BingX. Deposits are usually free (just wait for network confirmations).
Step 4: Start Trading Cryptocurrency
You can navigate to the “Spot” tab for simple buying and selling, or choose “Futures” if you want to use leverage to increase your potential profits. Now, if you want to trade immediately, pick a trading pair (like BTC/USDT) and place an order. You can also click on “Copy Trading” to start following someone. When you place trades, they’ll show up in “Open Orders” and “Trade History”.
Who Is BingX Best For?
Best for:
New Crypto Traders: BingX’s user interface is very clean, and it has educational guides. Plus, beginners can use demo mode, follow expert traders via copy trading, and start with small amounts. The mobile app is also easy to navigate.
Social Traders and Copy Traders: As we discussed, if you want to watch and mimic other traders’ strategies, BingX is best for you. You’ll find many pros to follow.
Futures/Derivatives Traders: BingX is best for advanced traders, too. So, if you trade a lot of futures with leverage, you’ll appreciate the low fees and solid platform. Also, since they added TradFi futures, even stock/forex traders might use BingX as an all-in-one platform.
Tech-Savvy/Innovators: Generally, if you like using trading bots or trying new tech (like an AI assistant), BingX is best for you. The API and signals are advanced, so algorithmic traders will find really useful features.
Might Avoid If:
You’re in the U.S. or U.K.: Unfortunately, BingX is not available in the United States at all, and is operating in a gray area in the U.K as well. So, if you live there and need a regulated exchange, you should choose a local one instead. We would say go for Coinbase or Kraken.
Regulation-Conscious Traders: Again, if you only trust exchanges that are heavily regulated (like some European-only or U.S. brokerages), the fact that BingX isn’t regulated by major agencies might be a turn-off. (It is licensed in smaller jurisdictions, though.)
You want to trade new altcoins: BingX generally lists popular coins and meme coins, but not as fast as compared to exchanges like MEXC. So, if you want to trade newly launched meme coins, BingX might not have that.
Conclusion: Is BingX Worth Using in 2026?
To sum up our BingX review, it is definitely worth using today because it has proven to be a safe, innovative, and cheap platform for all types of traders. So, if you live outside the US and want an exchange that keeps expanding features, BingX is a strong choice. They just launched TradFi products, are pushing AI tools, and regularly add new coins and bots.
But again, we must acknowledge the cons: not being in the US means that if you live there, you can’t really use it. The regulatory gray area means that if laws tighten globally, BingX might face hurdles (like other exchanges did). But as of now, it’s a legitimate crypto trading platform.
Frequently Asked Questions (FAQs)
Is BingX legit?
Yes, BingX is a legitimate cryptocurrency exchange. It was founded in 2018, and since then, it has grown to serve 40 million users worldwide. Also, the company is properly registered in places like Lithuania and Australia, and it has partnerships with Chelsea FC and Ferrari, which shows it’s not a fly-by-night operation.
Is BingX available in the US?
No, BingX is unfortunately not available to residents of the United States because of the very strict and confusing crypto laws in that country. Hence, if you live in the USA, you will be blocked from creating an account or depositing any funds because they use geo-fencing to track your location. They also restrict users from several other countries, like the United Kingdom, Canada, Singapore, and Mainland China, to stay compliant with local regulations.
Is BingX good for beginners?
Yes, BingX is actually one of the friendliest platforms for beginners because of its simple design and amazing educational tools. They offer a “Demo Trading” mode where you get $100,000 in fake money to practice trading without any financial risk.
Next, the copy trading feature is also perfect for new users because you can just mirror the moves of professional traders while you learn. They have a “BingX Academy” that teaches you everything from how to read charts to how to manage your risks. That said, it’s still an exchange with a lot of advanced trading options, so new users should take it slow.
Does BingX support copy trading?
Absolutely, Copy trading (social trading) is one of BingX’s flagship features. The platform allows you to copy the trades of expert traders on both spot and futures markets. You simply need to choose a trader to follow (there are performance stats to guide you) and decide the proportion of funds to allocate. Then, BingX will replicate that trader’s buys and sells in your account automatically.