BingX has grown in a short time over the previous few years, quietly turning into one of the crucial common and widely-used international cryptocurrency exchanges.
But, it nonetheless feels prefer it’s flying below the radar, particularly in comparison with giants like Binance or Bybit.
I spent a while testing its spot markets, futures engine, and lots of of its extra options and general consumer expertise, and located it to be surprisingly succesful with a feature-rich set of merchandise that may be very helpful for each learners and superior merchants.
The next is my BingX overview for 2025, aimed toward strolling you thru my findings about its strengths, weaknesses, prices, security profile, and the way it compares to a number of the {industry} leaders.
Major Takeaways:
- BingX supplies a broad suite of various buying and selling merchandise, similar to spot, futures, copy buying and selling, grid bots, and incomes instruments.
- Copy buying and selling is a standout function, making the platform particularly interesting to passive traders and learners.
- Futures charges are very aggressive, with sturdy liquidity on main pairs and dependable execution.
- The platform lacks major-market regulatory oversight, and availability varies by area.
BingX Alternate
- Extensive number of spot, futures & automated buying and selling instruments
- Trade-leading copy buying and selling with AI choices
- Aggressive futures charges & sturdy liquidity
- Newbie-friendly UI and cellular app
- Demo buying and selling mode for apply
- Restricted regulatory oversight in main jurisdictions
- Not obtainable to U.S. customers
- Thinner liquidity on small-cap altcoins
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Firm Background and Status
BingX was based again in 2018 by Josh Lu and has since then grown to turn out to be a globally-recognized cryptocurrency alternate providing a full suite of buying and selling and Web3-oriented tooling.
The platform serves a comparatively vast consumer base of greater than 20 million customers worldwide, in line with the official web site.
Through the years, BingX has expanded its providing past conventional spot crypto buying and selling. It now presents derivatives (futures), social buying and selling through copy buying and selling merchandise, in addition to a variety of various instruments oriented at completely different dealer profiles, spanning from novice to superior customers.
In 2024, it gained extra visibility via an enormous sports activities sponsorship of the Soccer behemoth Chelsea FC.
Earlier in 2025, the alternate additionally dedicated to take a position $300 million in growing AI-powered buying and selling and product instruments, which is a alerts for his or her need to remain forward technologically.
In brief, BingX has quickly turn out to be a significant, formidable alternate with a world attain and a broad portfolio of service choices, ceaselessly being featured in CoinMarketCap’s high 10 exchanges by buying and selling quantity in each derivatives and spot markets.
Supported Markets, Merchandise, and Entry
BingX has positioned itself as a multi-market buying and selling platform. In easy phrases, because of this it has a broad vary of crypto merchandise. After testing it myself, right here’s what I discovered.
Spot Buying and selling Markets
BingX helps a whole bunch of cryptocurrencies. After all, this consists of main belongings similar to BTC, ETH, SOL, XRP, ADA, and the entire common altcoins. The spot choice is clearly in depth and it’s well-suited for learners and basic traders.
As well as, BingX expands this choice frequently.
When it comes to liquidity, as it’s with nearly all of exchanges, it’s the strongest on main pairs. Lengthy-tail belongings have thinner books in comparison with a number of the big exchanges, however that is fairly customary and I actually didn’t count on the rest.
Futures & Derivatives
The futures buying and selling setting has been handed as considered one of BingX’s core strengths, so I used to be curious to see if it will reside as much as the hype.
Now, BingX helps USDT-M perpetual contracts, coin-margined futures, in addition to a consistently rising roster of derivatives pairs.
Notably, the alternate presents customary futures on a number of cryptocurrencies, which is a refreshing change of tempo and one thing that we don’t see fairly often outdoors of the bigger exchanges.
The leverage choices are very aggressive, and so are the spreads. In my testing, I discovered that the derivatives engine feels secure and responsive, even in periods of comparatively heightened market volatility.
Different Supported Merchandise
A few of the remaining merchandise of BingX, that I’ll look into the next part embrace:
- Copy Buying and selling & Social Buying and selling
- Grid Buying and selling Bots
- Twin Funding Merchandise
- Commonplace Staking & Incomes Instruments
Core Options and Platform Performance
As I discussed above, BingX appears to have was a feature-rich platform that tries to steadiness superior buying and selling capabilities with extra accessible instruments. At some issues, they’ve but to enhance, whereas at others, they already do a superb job. Let’s have a look.
Copy Buying and selling & Social Buying and selling
I’ve at all times had combined emotions about copy buying and selling, and I wouldn’t obligatory suggest it for causes that transcend this overview.
Nevertheless, if that’s the factor you’re into, BingX has lots to supply on the social buying and selling entrance. You possibly can select from copying common and profitable merchants, in addition to sure AI fashions – an idea that’s rising in recognition not too long ago.
That stated, right here’s what the copy buying and selling interface appears to be like like:
They’ve accomplished a very good job with their explainer guides and adjoining merchandise. Their AI-oriented copy-trading resolution appears to be like like this:
Now, I’m positive there are many disclaimers someplace that we are able to entry to search out out all particulars and dangers related to the AI buying and selling battle, however I didn’t see them clearly acknowledged on the web page, which is one thing I’d have appreciated.
Grid Buying and selling Bots and Automation
In case you’re into automation, which appears to be the speak of the city in 2025, BingX has you coated. It has grid buying and selling bots for each spot and derivatives.
As well as, there are AI-enhanced bots, in addition to technique templates that you should utilize.
These instruments are very straightforward to make use of and deploy, even you probably have no prior expertise with it. Nevertheless, if that’s the case, I’d strongly recommend that you simply do some testing first earlier than beginning to use actual capital.
You gained’t have to put in writing code, don’t fear.
Twin Funding Merchandise
These may be sophisticated for learners, however I’ll attempt to break them down. In essence, it’s type of an choices buying and selling software, which lets you earn a premium in your funding, no matter the place the value goes to go. After all, there’s a catch.
Let me attempt to provide you with an instance. Here’s what the interface appears to be like like:
So, on this particular case, you wish to purchase BTC decrease than its present value. On the time of this snapshot, Bitcoin was buying and selling at $91,600, however as you may see, we put an order to purchase it at $91,500 and the system will act is that if that’s true.
So, you purchase $1000 price of BTC at $91,500 (no matter present value) and also you earn a premium in your funding at a fee of 260% APR for 22 hours.
In 22 hours, the contract will expire, and relying on the BTC value, you’ll obtain:
- If BTC > $91,500, you’ll get your funding + your premium again (e.g. $1006).
- If BTC <$91,500, you'll obtain the equal of $1000 purchased at $91,500 + the premium.
In each instances, you get your premium, however relying on the value at settlement, you both get your USDT or its equal in BTC. The dangers are apparent – if the value deviates an excessive amount of in the wrong way, you may be left holding a costlier asset. However, if the value goes in your path however the improve is bigger than your premium, you’d have incurred alternative price.
That is the best product for customers trying to earn a premium on their unused stablecoins and don’t thoughts shopping for BTC (or different cryptocurrency) on the predetermined value. For instance, in case you are pleased to purchase BTC at $91,500, understanding that it would go down – this can be a nice product as a result of you’ll get the entry plus the premium in your funding.
Commonplace Earn and Staking
Past that, customary earn & staking alternatives are additionally obtainable.
These are comparatively customary throughout the {industry} and supply very accessible methods for customers to generate yield. After all, the returns are going to fluctuate primarily based on asset and lock-up interval.
Charges, Prices, and Incentives
BingX has positioned itself as an alternate with aggressive buying and selling charges, particularly relating to the futures market. I did overview its charges and paired it in opposition to a number of the bigger exchanges, and I discovered the charge construction to be fairly clear, so let’s have a look.
Spot Buying and selling Charges
Spot buying and selling charges are as seen within the desk:
For VIP degree 0, the charges begin at 0.1%, which is true on par with Binance. The upper your VIP degree, the decrease charges you pay.
Futures Buying and selling Charges
For futures buying and selling, that is what the charge construction appears to be like like:
Once more, it’s fairly similar to these of Binance, though it’s price noting that Binance has extra aggressive charges on the highest ranges. However you’d solely be involved about this in case your turnover is over $1 billion.
Prices
When it comes to hidden prices, a very powerful factor to think about is the unfold. That is the distinction between your set order value and your execute order value. For instance, when you set a restrict order to purchase BTC at $100,000, however the value drops down faster and there was no liquidity at $100,000 to fill your order, you may obtain a fill at decrease charges, which might be an issue in case you are utilizing this as a stop-loss for instance.
Now, BingX has very stable liquidity for the bigger markets and the spreads are very aggressive. Nevertheless, relating to thinner markets for extra obscure altcoins, it’s important to remember that the spreads are bigger. Naturally, that is current throughout most cryptocurrency exchanges, however it’s usually a degree that’s ignored in instructional assets.
Incentives
To counter the above level, BingX is doing very well on the incentives facet and they’re consistently operating some type of promotions. For instance, on the time of this overview, there’s a promotion for 0% maker and taker charges on a lot of spot markets.
Safety, Compliance, and Threat Administration
Undoubtedly, safety is amongst the primary factors of evaluation when evaluating any crypto alternate.
The very first thing I’ll say is that BingX has by no means been hacked and it helps the entire customary account-level security measures, together with end-to-end encrypted connection, two-factor authentication, separate buying and selling accounts for various merchandise, and extra. It additionally has Proof of Reserves, which is notable for any alternate that claims to be dependable.
Regulatory Standing and Licensing
Though it’s positioning itself as a world and international alternate, BingX doesn’t function within the UK, the USA, or Canada. There are different restricted international locations, however these are a very powerful jurisdictions out of it.
Don’t get me flawed, that is nothing out of the blue – many exchanges don’t function there due to the regulatory hurdles, so it’s fairly frequent.
I consider BingX within reason safe, utilizing industry-standard safety strategies. It’s essential to notice that there are exchanges that place larger give attention to licensing.
Person Expertise and Buyer Help
The general consumer expertise on BingX is great, no less than in my expertise. The instruments are straightforward to find and to function, and it doesn’t really feel like I must get used to the in any other case very in depth tooling and feature-rich product set that it has to supply. That is good.
The expertise feels acquainted and when you’ve used different centralized exchanges, likelihood is that one can find some issues that work in comparatively comparable method.
On the similar time, BingX is rated 1.8 out of 5 on Trustpilot for its customer support, with many adverse evaluations. At first, this will appear off-putting, till you evaluate all the opposite exchanges as effectively. Binance has a rating of 1.4, for instance. In many of the instances, customers should not incentivized to depart a constructive overview, the place their frustration with sure issues nearly at all times ends in a nasty overview.
BingX Professionals and Cons
Professionals:
- Extensive number of spot, futures, and automatic buying and selling instruments.
- Trade-leading copy buying and selling with sturdy social options.
- Aggressive futures charges and dependable execution.
- Newbie-friendly cellular app and intuitive UI.
- Demo buying and selling mode for secure apply.
Cons:
- Restricted regulatory oversight in main jurisdictions.
- Not obtainable to U.S. customers.
Ultimate Verdict and Suggestions
After utilizing Bingx for a good period of time, I’ve to say that I’m left content material with nearly all of its options, together with spot and futures buying and selling, which I gues issues most to nearly all of customers.
Its largest power, nonetheless, is the general vast number of retail-oriented viewers such because the copy-trading ecosystem, which stays one of the crucial accessible and feature-rich within the {industry}.
That stated, Bingx does include some trade-offs. The restricted regulatory protection in sure jurisdictions such because the US and the UK might deter some customers, however that’s not that unusual.
Total, I consider BingX to be a really sturdy selection for merchants who search easy-to-use and have wealthy platform.
Ceaselessly Requested Questions (FAQs)
Is BingX a regulated alternate?
BingX holds registrations and licenses in sure jurisdictions however will not be totally regulated in main markets just like the US or UK.
Can US residents use BingX?
No, BingX will not be obtainable to customers in the USA.
Is BingX secure to make use of?
BingX presents customary security measures similar to 2FA, chilly storage, and anti-phishing instruments, and proof-of-reserves.
Does BingX assist copy buying and selling?
Sure, it is without doubt one of the platform’s standout options.
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