BingX Review 2025

BingX is a cryptocurrency exchange founded in 2018, now serving over 10M users from around the world. It offers attractive features such as leverage up to 125x and more than 800 tradable coins, in addition to margin reserves verified by Mazars partnership.

The exchange does not provide services to clients from some countries, including the US, UK, Iran, North Korea, and more.

BingX: Company Information + Regulation

This company was founded in 2018, based in Singapore. Although headquartered in Asia, it has branch offices in Canada, Europe, and Australia.

BingX exchange complete review of main specifications and features

BingX is a private company, led by Josh Lu as CEO. It is a centralized cryptocurrency exchange offering a broad suite of trading services, including spot, perpetual futures, grid strategies, and a robust copy trading ecosystem.

As of 2024, BingX reports having over 10 million users across more than 100 countries.

The platform is registered in Lithuania and operates under several regulatory frameworks, including:

• FCIS (Lithuania)
• AUSTRAC (Australia)

These registrations support a global compliance framework, although BingX does not currently hold licenses from major tier-1 jurisdictions such as the U.S. or the U.K.

BingX positions itself as a beginner-friendly platform, aiming to reduce friction for new crypto traders by combining automated tools and community-driven features.

BingX Specifications Summary

Let's break down the key features of the exchange in a nutshell, as it happens in every other crypto exchange review on the website:

Advantages and Disadvantages

Every coin has two sides, and BingX is no exception. Let's weigh the pros and cons:

User Levels on BingX

User levels in this exchange are designed based on verification status, and each level has its corresponding benefits. User Level Structure on BingX:

BingX Fees and Commissions: Complete Overview

The exchange applies a competitive tiered fee structure that varies by market type and user trading volume. BingX baseline fees:

• Spot Trading: 0.1% for both maker and taker
• Futures Trading: 0.02% maker / 0.05% taker

Users can reduce their fees by qualifying for VIP tiers, which are determined by 30-day cumulative trading volume. Higher tiers unlock reduced rates, catering to high-frequency or institutional users.

BingX VIP Levels for Spot Trading

BingX VIP Levels for Futures Trading

BingX Supported Coins

This exchange performs really well when it comes to coin selection, with over 800 cryptocurrencies available, including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• Solana (SOL)
• XRP
• Pepe
• Toncoin
• Dogecoin (DOGE)

BingX offers access to over 500 trading pairs across both spot and derivatives markets. Users can trade major cryptocurrencies such as BTC, ETH, SOL, and XRP, as well as trending altcoins and meme tokens.

The platform caters to both beginners and advanced users by offering demo trading, which allows for risk-free practice using virtual funds. This makes it ideal for users seeking to test strategies or learn the platform interface before committing real capital.

Futures and Margin Trading on BingX

Margin trading and futures markets are trading services that come with much higher profits but with more risk. For the thrill-seekers and strategic traders, this exchange offers:

• Futures Trading: Speculate on future prices with up to 125x leverage
• Margin Trading: Borrowing funds to increase the rate of your gains (with the risk of more losses)

Key Features:

• User-friendly interface for complex trading strategies
• Advanced risk management tools
• Real-time market data and analysis
• Market, trigger, and limit order types
• Standard and perpetual futures

Registration and Verification on BingX: Complete Guide!

In this section, we will explain the stages of account registration on the official website. Registration Steps:

#1 Visit the BingX Website

Head to the exchange's official website and click "Sign Up" to reach the registration application page.

#2 Registration Form

In the form, provide your email or phone number. Alternatively, use your Google account. In this tutorial, we will be working with email.

Set a strong password containing numbers and letters between 8 and 30 characters.

#3 Contact Verification

Verify your email or phone number by entering the verification code sent by SMS or email.

Now, your account is set up. For KYC verification, provide the required documents in the profile section of the BingX client portal.

• Basic Verification: Completing the personal information form
• Advanced Verification: Uploading ID photos and completing the face recognition process

BingX Platforms and Applications

This company offers trading services on its proprietary platform, accessible through web and mobile apps. The Platforms' Key Features:

• Spot, P2P, and futures trading
• Referral program
• 24/7 Online Support
• Copy Trading
• Demo Account
• Real-time monitoring of the market
• Technical indicators and tools

BingX platform also comes in mobile versions, offering applications for Android and iOS devices.

• BingX Android
• BingX iOS

BingX Exchange Security and Safety Measures

The exchange maintains an insurance fund aimed at covering losses from extreme volatility or forced liquidations in the futures market.

While BingX mentions security audits, no public third-party certifications have been disclosed.

• Firewalls and encryption
• Cold wallet storage for the majority of assets
• Multi-signature authentication
• Two-Factor Authentication (2FA) for user accounts
• Continuous monitoring
• Incident response strategy
• 1:1 Proof-of-reserve on customer funds

Despite the comprehensive security measures, BingX reportedly lost a total of $52M to a hack incident in September 2024, according to CoinTelegraph.

However, the exchange reimbursed users from its own funds and responded by suspending operations and enhancing security protocols. Investigations revealed vulnerabilities in third-party integrations, prompting a platform-wide audit to prevent future breaches.

BingX Payment Methods

Depositing and withdrawing on BingX does not provide many options, similar to most of other exchanges:

• Credit/Debit Cards: Visa/Mastercard (not available in all countries)
• Cryptocurrencies: major and popular coins through crypto wallets or other exchanges

The availability of payment methods may vary by region, so check the platform for options specific to your location.

BingX Scores and Reviews on Trust Websites

The crypto community has spoken, and the verdict on the mentioned company is mixed. These scores are from‌ experts and users:

• BingX Trustpilot: 2.2 out of 5, based on over 300 user reviews
• Reviews.io: 2.4 out of 5, based on around 10 user scores

Overall, the scores are at a lower-than-average level, but the amount of reviews is not so high to consider them 100% reliable.

BingX Features

Let's explore the crypto-specific services BingX offers to its users.

How and when to Contact Support on BingX

Need help? The exchange provides 2 ways to contact the customer service team.

• Email: support@bingx.com
• Live Chat: Available on the BingX website and mobile app

Unfortunately, it does not provide a phone number for calls. The support team answers to your inquiries 24 hours on every day of the year.

BingX Copy Trading and Earn Programs Overview

In addition to copy trading, BingX offers crypto staking and passive earning options under its “Earn” suite. Users can deposit supported assets into:

• Flexible savings (withdraw anytime)
• Fixed-term staking (higher yields, time-locked)

Annual percentage yields (APYs) depend on the asset and duration, with promotional rates occasionally available for newly launched tokens or onboarding campaigns.

BingX Copy Trading

BingX is a pioneer in offering crypto copy trading software, with a dedicated marketplace that allows users to replicate the strategies of experienced traders. Each trader profile displays ROI/total P&L, Number of followers, and Risk level metrics.

Users can follow and allocate capital to multiple traders. Profits (or losses) are mirrored automatically, and signal providers earn commission from their followers’ returns. Key features of BingX copy trading:

• Separate fees, depending on the asset and signal provider
• Profitability up to 2400% for top providers
• Ability to determine criteria like performance and risk level
• Over 9,000,000 established copy relationships
• $10 subsidy voucher

List of Restricted Countries and Regions

BingX does not offer services to countries under international sanctions or other regions due to regulatory standards. Before diving in, make sure it is available in your region. Restricted countries include:

• United States
• United Kingdom
• Netherlands
• Singapore
• China
• Iran
• Iraq
• South Korea

BingX Compared to Other Exchanges

Here's a table comparing BingX features and services with three popular crypto exchanges:

Writer's opinion and conclusion

BingX, led by CEO Josh Lu with offices in Asia, Canada, Europe, and Australia, requires an initial deposit of $1. Spot trading fees are 0.1% for starters but can go as low as 0.005% based on the user's trading volume.