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 crypto 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, founded by Josh Lu. It is a centralized cryptocurrency exchange offering a broad suite of trading services, including spot, perpetual futures contracts, 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 CEO

BingX, a global crypto exchange founded in 2018, does not have a universally confirmed CEO. Multiple executives, including Brian Knarf and Usman Shahid, are listed as CEOs, with founder Josh Lu often associated with the platform’s creation and vision.

• Brian Knarf: Listed as CEO on LinkedIn
• Usman Shahid: Also listed as CEO on LinkedIn
• Josh Lu: Recognized as a founder of BingX
• Users: 20M+ global traders and investors
• Founded: 2018, offering crypto trading and Web3 AI services

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 maker/taker 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 Bitcoin, 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. BingX 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

How to Trade Spot on BingX

Spot trading on BingX allows users to buy and sell crypto assets at real-time market prices. Here’s a step-by-step guide to placing your first spot order securely.

#1 Log In & Access Spot Trading

Log in to the BingX website and select Spot from the top navigation bar to open the spot trading interface.

#2 Choose a Trading Pair

Search or browse trading pairs from the left panel. Use the star icon to add favorites for quick access, or click the info icon for pair details.

#3 Check Your Balance

View your Fund Account balance on the right side. Click Deposit, Transfer, or Buy Crypto to ensure enough funds before trading.

#4 Set Order Type & Direction

Choose Buy or Sell, then select Market, Limit, Trigger, or TP/SL order type. Enter price and amount manually or adjust with the slider.

#5 Place Orders (Example: BTC/USDT)

• Buy Order: Select Market, enter the amount, click Buy BTC, confirm, and receive BTC instantly;
• Sell Order: Select Limit, set price and amount, click Sell BTC, confirm, and the sale executes once price conditions are met.

#6 Manage & Review Orders

• Open Orders: Shows active unfilled orders; you can cancel before execution;
• Order History: Displays all filled and canceled orders with full details;
• Trade History: Lists every completed transaction for easy tracking.

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 Trading Volume

BingX has shown consistent trading activity over the past three months, with noticeable peaks in early July and early September 2025.

According to BingX's CoinGecko profile, the daily trading volumes regularly approach or exceed $1B, reflecting strong user participation across spot and derivatives markets.

• Peak Volume: Early July, surpassing $2B
• Sustained Growth: Increasing activity throughout August and early September
• Average Daily Volume: Near $1B across major pairs
• Key Drivers: Spot market demand and derivative trades
• Market Signal: Strong liquidity and healthy exchange participation

BingX Services

BingX offers a comprehensive suite of trading and investment tools designed for both beginners and professional traders. Its features support TradingView charts, manual trading, automation, and portfolio growth while maintaining a user-friendly and secure environment.

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 Security Rankings

The BingX CER.live profile holds aBBB security rating with an overall score of 76/100, reflecting strong infrastructure. The exchange scores high in server security (95/100), penetration tests (100/100), and maintains an ongoing bug bounty program to enhance platform safety.

While BingX offers funds insurance, it currently lacks ISO 27001 and CCSS certification, and no proof-of-reserves audit is available. Its user security score is 74/100, indicating room for improvement in account protection and customer-side security features.

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.

BingX Bonus

BingX offers one of the most comprehensive promotional ecosystems in the crypto industry, designed to reward both new and existing users.

Its Rewards Center and Promotion Center include signup bonuses, cashback campaigns, trading challenges, and lucky draws totaling millions of USDT in prizes.

BingX Rewards Center

The Rewards Center is a dedicated hub for onboarding and early engagement. New users can complete account setup, verification, deposit, and trading tasks to unlock rewards worth over 8,000 USDT plus daily mystery boxes.

• Sign-Up Bonus: Up to 50 USDT for creating a BingX account
• KYC Bonus: Up to 500 USDT for completing advanced verification
• First Deposit & Trade: 500 USDT each for achieving ≥50 USDT net deposit and ≥100 USDT trading volume
• Futures Volume Milestones: 5 USDT to 5,000 USDT bonus vouchers for cumulative futures trades up to 70M USDT

BingX Promotion Center

The Promotion Center showcases BingX’s global campaigns, including high-value tournaments, cashback offers, lucky draws, and listing carnivals. These events run on a rotating basis and are available to all active users.

• 1v1 Showdown: AI battle + trading contests sharing a 3M USDT pool
• P2P Carnival: 10% cashback + 130 USDT vouchers for first deposits
• XPIN Lucky Spin: 100% win rate airdrops with $88K shared rewards
• Listing Carnivals: MYX, AVNT, OPEN with 60K USDT each in prize pools
• Invite & Earn: Up to 320 USDT trial funds + referral bonuses for friends
• Seasonal Campaigns: LINK leaderboard contests, WLFI wave events, and Dubai Blockchain Life 2025 prize trip

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 CEOs Brian Knarf and Usman Shahid 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.