BingX

Log in to the official website and account. Full BingX review and 2025 user feedback. Registration available on the site.

Last updated: 2025-08-19

BingX is a cryptocurrency exchange for trading on the spot and futures markets. Launched in 2018, it was known as Bingbon, and underwent rebranding in the fall of 2021. This platform is focused on copy trading functionality (allowing users to subscribe to other traders and automatically copy their trades to their own accounts). 

BingX Group is an international financial institution headquartered in Lithuania, with branches in North America, Canada, Europe, Hong Kong, and Taiwan. 

BingX is a crypto social trading network that provides access to both the spot and derivatives markets.

Experts have prepared a detailed review of BingX, analyzing trading and investment opportunities, commissions, user requirements, the bonus system, ways to buy cryptocurrencies for fiat, and other features.

Key points:

• BingX is a cryptocurrency exchange launched in 2018 that supports over 580 cryptocurrencies and tokens.
• BingX focuses on providing copy trading and grid trading services.
• BingX offers users a demo account, bonuses and rewards for beginners, a referral program, fast conversion, and tools for passive income.
• Deposits with fiat money, including rubles, are available through the p2p market.
• Commission fees on spot and futures are at the market average level – up to 0.1% for spot and up to 0.05% for futures.
• BingX allows trading cryptocurrency without verification. The daily withdrawal limit for anonymous users is 50,000 USDT.

General Information about BingX

Parameter	Data
Name	BingX (formerly Bingbon)
Founded	2018 (rebranded in 2021)
Legal entity	BingX EU, UAB
Country of registration	Lithuania
Address	Eišiškių Sodų 18-oji g. 11, LT-02194 Vilnius
Licenses	EU MTR, US MSB, DCE, FINTRAC MSB
Monthly traffic	8.1M visits (SimilarWeb, 2025)
Supported languages	16+ (including English)
Number of cryptocurrencies	580+
Trading pairs	500+
Proof-of-Reserves	Audit by Mazars (2022)
Mobile apps	iOS, Android
Trading terminals	TradingView, MT5
Max leverage	125x
Fees	Spot 0.1%; Futures — maker 0.02%, taker 0.05%
Minimum deposit	1 USDT
Minimum withdrawal	8 USDT

Disclaimer: This article is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies and derivatives carries a high level of risk. You may lose part or all of your capital. Always do your own research before trading.

Registration and BingX Account

 Official BingX website: bingx.com -

The BingX crypto exchange can be used via the web version or mobile app. In the latter case, you need to download the BingX app from the App Store or Google Play.

The registration process on BingX is roughly the same in both cases: you can register with your email address or phone number. When you receive a confirmation code via phone or email, enter it.

We recommend using the web version via Google Chrome. It glitches in other browsers; for example, it is impossible to register, and the system does not respond to the code entered from the email.

It is also possible to log in using a Google account.

Steps to register:

1. Go to the registration page.
2. Choose method: email, phone number, or Google account.
3. Enter the verification code received.
4. Set a password and add a referral code (optional).
5. After login, enable 2FA and set a payment password.

Features:

• ❌ No mandatory KYC.
• ✅ Non-verified accounts — withdrawal limit up to 50,000 USDT/day.
• ✅ Verified accounts — up to 5,000,000 USDT/day.

Verification (KYC)

As for identity verification on BingX, it is not mandatory.

• An unverified account can withdraw up to 50,000 USDT per day.
• A verified account can withdraw up to 5,000,000 USDT.

Also, certain features on BingX may only be available after verification. For example, only verified users can become P2P merchants.

The standard identity verification process includes providing passport details, a photo of your passport (or other ID), and a selfie.
The information requested for identity verification may include your full name, contact details, government ID details, date of birth, etc. By providing the necessary information, you confirm its authenticity and accuracy. The information is used by BingX solely to detect fraud, money laundering, and other criminal activities.

Before making a deposit and starting to trade, it is advisable to set up account security (profile menu -> “Account and Security”). The most important thing is to activate Google authentication and set a payment password.
In your account settings, you can also change your nickname (alias), but no more than once every 180 days. The nickname is used, for example, on the p2p platform.

KYC is required for extended features (P2P merchant, higher withdrawal limits):

• Passport or ID card.
• Selfie with the document.
• Date of birth, residential address.

Processing time: up to 24h.

How to Deposit on BingX

1. Crypto deposit

On BingX, you can top up your account with fiat money through the p2p market.

Please note that there are several different types of accounts on the exchange: fund accounts, standard futures accounts, perpetual futures accounts, copy trading accounts, etc. You can transfer assets between them instantly and without commission at any time by clicking the “Transfer” button.

Immediately after registration, you will receive a gift of 100,000 VST in your account. This is a special exchange token that can be used for virtual trading (demo account). It cannot be withdrawn, nor can profits from such trading. For more details, see the “Demo Trading” section.

• Choose currency and network.
• Copy your BingX wallet address.
• Send funds from an external wallet or exchange (Binance, Bybit).

Minimum deposit: 1 USDT.

2. Fiat options

It is possible to purchase cryptocurrency on BingX with a card or, for example, deposit USD through payment providers such as Banxa, Mercuryo, and Moonpay.

• P2P market (USD and other supported currencies).
• Bank cards via AdvCash, MoonPay, Banxa.
• AdvCash deposits usually take 1–5 minutes, no fee.

3. P2P BingX

• Available for USDT.
• Trade directly with users: pay via card or bank transfer.
• Fee: 0%.

How to Withdraw Funds

1. Select currency and network.
2. Enter recipient address.
3. Confirm with 2FA and email/SMS code.

Example: USDT (TRC-20) withdrawal fee — 1 USDT.

P2P withdrawal — free.

Trading on BingX

Spot

In the Spot section, you can trade using market and limit orders, as well as orders with additional conditions.

To begin, select a trading pair from those available on BingX (there are over 500).

The order creation section is located on the right. The default order type is “Market,” which allows you to execute a trade quickly at the current market price. Simply enter the order amount and click ‘Buy’ or “Sell.”

As for the “Limit” order, it allows you to specify not only the quantity but also the price of the asset. In this case, the order will be placed in the order book slightly to the left and will wait there until a counteroffer at the corresponding price appears.

Orders awaiting execution are listed in the “Open Orders” section. You can cancel an order that has not yet been executed at any time.

The exchange also offers the option to open a “Trigger Order.” The user specifies a trigger price, determining the conditions for buying and selling in advance. When the trigger is reached, the system will automatically execute the order.

The system charges a commission of 0.1% for each transaction on the spot market.

• 400+ coins, 500+ trading pairs.
• Fee: 0.1% (currently 0% promo).
• Orders: market, limit, trigger.

Convert

Conversion on BingX (section “Spot” -> “Conversion”) is similar to the spot market, but with a simpler interface suitable for beginners or those who need to make a transaction as quickly as possible.

Simply specify the currency you want to exchange, the amount, then click “Convert” and confirm the action.

• Simplified interface for beginners.
• Fee: 0.2%.

BingX Futures and Perpetual Swap

Perpetual contracts

Perpetual contracts are derivatives, i.e., instruments based on cryptocurrencies. Like cryptocurrencies themselves, they can be bought and sold, but settlements are made differently—not instantly, but after a certain period of time.

On BingX, perpetual futures have important features that are not available on the spot market:

• You can try trading in demo mode without risking real funds.
• You can use leverage of up to 125x.

The latter means that you can take out a margin loan from the exchange and open positions 125 times larger than your actual funds (margin).

This is a riskier trading method. If successful, it will bring multiple profits, but if unsuccessful, it will result in significant losses. Beginners are not recommended to choose leverage of more than 5x.

On BingX, you can trade contracts with margin in both USDT and other coins. Remember: markets are highly volatile, and liquidity, depth, and market dynamics often change very quickly. The use of margin leverage can be both beneficial and harmful, leading to significant losses or substantial profits.

Standard futures

This method of trading futures on BingX is considered simpler and optimal for beginners. It is noteworthy that you can trade not only cryptocurrencies here, but also indices and commodities (such as gold or cotton), just like on a stock exchange.

Creating an order here is easier and intuitive:

• Select a trading pair.
• Enter the initial transaction amount (margin).
• Set the leverage.
• If necessary, enable take profit and stop loss to limit profits and losses.
• Click “Long” or “Short” to sell or buy. 

Please note: When opening a futures contract for the first time, you will need to study the information and pass a short test. We will not provide the answers to the BingX test. You must know this information before you start trading. 

• Standard and perpetual contracts.
• Max leverage: 125x.
• Cross-margin and isolated margin.
• Orders: limit, market, trailing stop, TP/SL.

Grid Trading and Bots

Let’s move on to what makes BingX rapidly gaining popularity – extensive opportunities for trading automation, including arbitrage.

There are three types of automated strategies available on the site:

• Futures grid – for trading leveraged derivative contracts.
• Spot grid – a classic strategy.
• Spot grid Infinity – an advanced spot grid, ideal for crypto arbitrage.

The essence of the grid strategy is to make money in highly volatile markets.

The user needs to set a price range, and the bot will divide it into several parts. When the currency rate drops, the bot purchases assets for the amount of one part of the funds and places a sell order at a price exceeding the purchase price by one grid division. Conversely, if the price rises, the bot sells until it reaches the upper limit.

Thus, the robot buys low and sells high with every price fluctuation, and you receive passive income.

• Automatic BingX bots.

Copy Trading

Copy trading is the automatic copying of trades made by successful, experienced traders, allowing you to earn the same profits as them without actually doing anything.

The BingX exchange allows you to copy trades on both the spot and futures markets. The product page shows the most successful traders in recent times, whom you can subscribe to by clicking the “Copy” button.

From the moment you subscribe, trades made by the lead trader will be created on your account. The amounts do not have to be the same; you can set a percentage of the master’s order size, and the profit will be reduced to that percentage accordingly.

If you are an experienced trader yourself and want to earn additional income from this, you can apply to become a lead trader, earning up to 20% of the profit from your subscribers’ trades (but no more than 1,000 USDT per month). 

• Follow top traders’ strategies.
• Set percentage of trades to copy.
• Masters can earn up to 20% of subscribers’ profit (capped at 1,000 USDT/month).
• BingX API for external strategies.

Signal Trading

You can configure BingX to receive signals from TradingView and other external platforms, automatically creating perpetual contract trades based on them. This allows you to create flexible trading strategies by connecting commands and waiting for them to be executed automatically.

Parameters to specify:

• Instruction name.
• The trading pair to be tracked.
• Trade direction – long or short.
• Order type – market only.
• Position margin amount.
• TP/SL orders.

Then set up signals for opening a position on TradingView. Specify the Webhook URL, which can be found on the BingX signal trading page. Paste your instructions for opening positions and click “Create.” Repeat the same steps to close positions. The bot is ready.

Always make sure that there are sufficient funds in your account for perpetual contracts, otherwise orders will not be created. Also, keep in mind that this does not guarantee income, and losses and delays are possible. 

BingX Demo Account

• 100,000 VST credited upon registration.
• Available for futures trading.
• Copy trading can also be tested.
• If balance <20,000 VST, request a refill.

The demo account on BingX is only available for futures. To activate it, click the “Demo Trading” button in the trading terminal.

VST (virtual USDT) is a token issued by BingX specifically for demo trading. VST has no real value and cannot be withdrawn from your account, nor can any profits earned with it.

Immediately after registration, 100,000 VST will appear in your balance. You can use it to create any trades in demo mode and even use the copy trading feature.

If there is less than 20,000 VST left in your account, you can request more by clicking the corresponding button in the balance section.

BingX Fees

• Spot — 0.1% (0% promo).
• Convert — 0.2%.
• Perpetual Futures — taker 0.05%, maker 0.02%.
• Standard Futures — 0.045%.
• P2P — 0%.
• Deposit — 0%.
• Withdrawal — depends on network (TRC-20 = 1 USDT).

VIP program reduces fees for higher trading volumes.

BingX Bonuses

New customers of the platform are eligible for bonuses, which can only be claimed within a few days of registration.

In total, you can win more than 5,000 USDT, but only if you meet all the conditions. Of course, we are referring to test funds that cannot be withdrawn, but can only be used for trading or paying commissions.

• Mystery Box up to 200 USDT.
• Up to 5,000 USDT rewards for deposit and trading.
• 10 USDT trading fee subsidy.
• Referral program: up to 60% commission rebate.

BingX Mobile App and API

• iOS and Android support.
• Push notifications, copy trading, P2P.
• TradingView interface.
• BingX API for external bots and strategies.

Security

• ✅ Proof-of-Reserves (Mazars, 2022).
• ✅ Cold storage (90%+ of user funds).
• ✅ Multi-layer authentication: Google Authenticator, SMS/email codes, payment password.
• ✅ Insurance fund to cover unexpected losses.
• ✅ Transaction monitoring, AML, anti-fraud tools.
• ❌ No native deposit insurance program like Binance SAFU.

BingX vs Competitors

Exchange	Spot fee	Futures	Fiat support	Coins	Copy trading	P2P	Licenses
BingX	0.1% (0% promo)	taker 0.05%, maker 0.02%	USD, EUR, others	580+	✅	✅	EU, US, CA
Bybit	0.1%	taker 0.06%, maker 0.01%	USD, EUR	400+	✅	✅	BVI
OKX	0.08%	taker 0.05%, maker 0.02%	90+ fiats	350+	✅	✅	HK, EU
Binance	0.1%	taker 0.04%, maker 0.02%	200+ fiats	380+	❌	✅	EU, US

User Reviews about BingX

Collected from TrustPilot, Google Play US, App Store US (Feb–Jul 2025).

1. John Miller, TrustPilot, 07/15/2025: “Copy trading works well. Returns are solid, though support replies are slow. Need 24/7 live chat.”
2. Sarah Johnson, Google Play, 06/03/2025: “Great app for trading on the go. Sometimes P2P confirmations lag, but funds always clear.”
3. David Lee, TrustPilot, 05/22/2025: “Big plus — no mandatory KYC. Withdrew 20,000 USDT via TRC-20 smoothly. Simple interface.”
4. Emily Clark, App Store, 05/09/2025: “Demo account is super useful. Learned stop-loss and TP orders risk-free. Now testing copy trading.”
5. Michael Brown, TrustPilot, 04/28/2025: “Mystery Box rewards are real, but they’re locked for trading only. Can’t withdraw.”
6. Anna Wilson, Google Play, 03/16/2025: “Love the P2P feature. Bought USDT with USD in 10 minutes. 0% fee is a huge plus.”
7. Robert Davis, TrustPilot, 03/11/2025: “Interface feels similar to Bybit. But support often answers in broken English.”
8. Jessica Smith, App Store, 02/25/2025: “USDT withdrawals usually clear in under 10 minutes. Great for beginners.”

Overall, reviews of BingX are positive. The pros include a user-friendly trading interface, a demo account, convenient copy trading options, and grid strategies. This is due, in particular, to a strong team of founders, which includes people with experience working at Alibaba, Huawei, J.P. Morgan, Standard Chartered Bank, Google, and others.

The cons include poor technical support, which is completely unoriented towards users outside the Asian region. Support either responds in Chinese/Taiwanese or in the user’s language, but with low-quality machine translation that is impossible to understand.

Presumably, this problem will be solved as the platform develops and grows in popularity. 

Conclusion

BingX is a next-gen crypto-social exchange combining spot and futures trading, copy trading, and automated bots. Low fees, P2P support, mobile app, and bonuses make it attractive for beginners and mid-level traders.

The BingX exchange has been in the spotlight since the fall of 2022, as the platform has been regularly introducing new features and benefits for its customers. In December 2022, the company passed a Mazars audit and confirmed its reserves. By the end of the year, it had increased its customer base by 350%, mainly due to effective social trading tools. The platform’s interface has been translated into 16 languages. Unfortunately, the same cannot be said for technical support (machine translation). The commissions on the crypto exchange are quite reasonable, at the market average, and the reviews are mostly positive.