BingX Review 2025 – Features, Fees, and Services

Eric Huffman

Verified by Ilija Rankovic

Last updated

July 21, 2025 03:30 EDT

19min read

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If you’re an active trader, you’ve likely heard of BingX on social media or seen ads, but how good is this crypto exchange? In our BingX review, we’ll cover the platform’s trading tools, including the copy trading feature, available cryptocurrencies, and the pros and cons of trading on BingX.

Trading tools include futures, both standard and perpetual, as well as spot trading and wealth management features. However, the BingX platform is quickly becoming one of the most popular exchanges for copy trading, allowing users to follow the moves of successful traders.

Let’s begin with our overall take before we dive into the full BingX exchange review.

BingX Pros and Cons

First up in our BingX review, let’s discuss the pros and cons. The platform’s strengths center on copy trading, primarily for perpetual futures. BinX’s vibrant copy trading community ensures there’s a trading strategy to match any trader’s style.

However, BingX isn’t perfect for every trader. Some larger markets, such as the US and UK, aren’t supported, and depositing onto the platform can be challenging (or costly).

What is BingX?

BingX is a popular crypto trading platform founded in 2018. The exchange is registered in the British Virgin Islands but has had offices in several countries, including Singapore, Panama, Australia, and Europe.

At launch, the exchange focused on social trading, allowing users to follow the moves of successful traders. While the platform has remained true to that goal, BingX now offers a wider range of trading opportunities targeting a broader audience.

BingX serves more than 20 million users across 100+ countries worldwide and currently ranks among the top 15 exchanges globally, according to CoinGecko, a leading crypto market data aggregator.

Since launching copy trading in 2019 and gathering a loyal user following, BingX has expanded its trading tools. Additional pairs for spot trading and futures trading provide more opportunities to profit from market movements. The platform also offers grid trading for automated strategies and yield-bearing wealth management products, such as BingX Wealth and Shark Fin. We’ll cover these in more detail later in our BingX crypto exchange review.

BingX Exchange Safety Review

BingX offers several security features, ranging from user-centric tools like two-factor authentication (2FA) to exchange security, including cold storage.

Proof of Reserves (PoR): BingX publishes PoR reports with varying frequency, often twice monthly. The exchange states that third-party auditors independently verify these reports. Proof of reserves provides on-chain verification that the exchange holds adequate assets to cover customer deposits.

• Cold Storage and ShieldX Technology: BingX stores 90% of all assets held on the exchange in offline cold storage. The platform also uses ShieldX technology to monitor hot wallets.
• Audits and Bug Bounty: Audits and regular penetration testing round out a robust security strategy. Additionally, BingX offers a bug bounty that rewards independent security researchers who discover a vulnerability.
• Insurance Fund: As is now common with platforms that offer leveraged futures, BingX maintains its BingX Shield Fund to protect against extreme price volatility in leveraged markets.

Several security features also focus specifically on protecting user accounts.

• Two-factor Authentication: 2FA must be enabled for all accounts, using SMS, email, or Google Authenticator.
• Fund Password: Optionally, users can set a distinct password for withdrawals that differs from the login password.
• Withdrawal Review: BingX uses AI and manual checks to review suspicious withdrawals.

Overall, BingX takes a proactive approach to security. However, the exchange’s record isn’t spotless. In September 2024, the exchange suffered a hack. In total, an estimated $52 million in crypto assets was lost to hackers who gained access to the exchange’s hot wallets.

BingX Supported Coins and Trading Pairs

The BingX exchange now supports over 700 cryptocurrencies, including top assets like BTC and ETH and a generous assortment of altcoins. Futures trading supports a smaller but impressive choice of 500+ assets. These numbers fluctuate as the platform adds or removes coins. However, BingX now offers a much larger selection than some larger exchanges, including Binance and Coinbase.

The widest selection of futures trading pairs centers on USDT-Margined Perpetual Futures, with up to 500 or more supported pairs. The platform also offers Coin-Margined Perpetual Futures. However, only four coins are supported as margin: BTC, ETH, USDT, and USDC, with a smaller list of 27 trading pairs.

Although BingX offers a broad range of altcoins, much of the trading volume and liquidity centers on BTC and ETH. Collectively, these two coins make up more than 40% of the 24-hour trading volume on the platform. Niche coins have lower liquidity, making limit orders a valuable tool for many altcoin pairs.

BingX Trading Products

While BingX featured a streamlined offering at launch, the platform has now matured to offer a range of trading products that cater to different investment goals. Expanded spot trading features over 700 pairs, but does not support margin trading. Other popular trading tools include perpetual futures, with up to 125x leverage, and standard futures, which settle on a fixed date.

Several additional tools, such as copy trading and grid trading, round out a growing selection of trading products. Let’s review some of these in more detail, starting with BingX spot market trading.

Spot Trading

BingX Spot trading offers both a beginner-friendly Quick Buy tool and advanced trading, which is more popular due to its lower fees and better trading precision. By default, advanced trading enables moving averages displayed on a TradingView chart. Help tips assist newer traders.

Although the trading pairs for spot trading mirror those of perpetual futures markets, trading activity is much smaller for spot trades. As of the date of this BingX review, the 24-hour futures trading volume reached $6.6 billion, whereas spot trading measured about $500 million.

BingX Pre-Market Trading

Getting in early can be profitable, and that’s what BingX Pre-Market trading enables. Selected tokens arrive on the Pre-Market showcase before being added to spot trading markets. Expect a limited supply. However, traders aren’t left in the dark on price. Many of the featured tokens are already traded on decentralized exchanges and have undergone limited price discovery. Spot market trading facilitates swing trades and long-term trades more easily and efficiently compared to DEX trading.

Perpetual Futures Trading

Along with copy trading, perpetual futures represent one of BingX’s most popular features. Perpetual futures allow traders to hold a long or short position indefinitely, subject to maintenance margin requirements and funding fees.

The platform supports leverage of up to 125x on BTC and ETH, with up to 50x leverage available for altcoins. Traders choose their preferred leverage amount, using USDT as collateral. Trades also settle in USDT.

As mentioned earlier, BingX also supports Coin-Margined futures, which allows traders to use BTC or ETH as collateral, in addition to USDT or USDC. Liquidity and pairs vary between USDT-Margined Futures and Coin-Margined Futures. However, Coin-Margined futures offer a way to stack BTC or ETH, as trades settle in these base assets.

Standard Futures

BingX also offers standard futures. These futures trades have a fixed expiry date, at which time the trade is settled. Trades settle in USDT or the base asset, e.g., BTC or ETH, and the maximum leverage available parallels that of perpetual futures: up to 125x on BTC or ETH and up to 50x on altcoins.

BingX Futures Kick-Off

Futures trading can be confusing for newer traders. BingX Futures Kick-Off addresses this with a simplified futures trading tool. Choose an asset, trade amount, leverage, and price direction.

A minimum trade amount of $10 enables traders to bet on the market direction for popular assets, such as BTC, with just a few clicks.

Under the hood, BingX Futures Kick-Off uses standard futures, simplifying the interface and sidestepping trade maintenance considerations of perpetual futures, such as funding costs.

Copy Trading

BingX built its name with copy trading and remains one of the leading destinations for crypto copy trading. This beginner-friendly automatic copy trading tool feature allows traders to leverage the trading knowledge of successful traders on the platform. Trades center primarily on perpetual futures, but similar to BingX Futures Kick-Off, there’s nothing to manage. Choose a trader to follow and decide how much you want to invest in copying that trader’s moves.

BingX boasts one of the largest copy trading communities worldwide, with over 15,000 elite traders on the platform. Copy traders (copiers) can filter elite traders by criteria such as ROI, Cumulative PnL (Profit & Loss), Risk Score, and much more.

BingX Launchpool & Launchpad

Often, the key to outsized profits is buying early. BingX Launchpool and Launchpad give investors early access to new tokens, each using a different mechanism.

• Launchpool lets users earn select tokens by staking specific cryptocurrencies. For example, staking $PUMP on the BingX platform allows users to earn USDT. Previous Launchpool opportunities included $SGC (stake USDT to earn $SGC) and $STO (stake BTC to earn $SGC). Pools are limited in duration.
• Launchpad gives traders early access to new tokens. However, it doubles as a fundraising tool for new projects. The program uses a subscription model (a commitment of USDT) and a lottery to determine token allocations. BingX carefully vets all projects, but prices can move in either direction after the token reaches the platform’s spot market. Compared to Launchpool, Launchpad represents higher risk, with potentially higher rewards.

BingX Wealth

Launched in 2023, BingX Wealth offers several earning opportunities and a lending/borrowing platform. This newer offering from BingX provides earning opportunities in between trades and caters (primarily) to low-risk opportunities. Let’s explore the components of BingX Wealth in more detail.

• Earn: BingX Earn provides a yield on key assets, including USDC, ETH, BTC, SOL, and other cryptocurrencies. Yields range from 3% to 8%, with occasional promotions at much higher yields. Some subscriptions require a time commitment. The BingX Agency Purchase Agreement does not specify how the assets will be used or the source of revenue.
• Grid Trading: BingX now also offers grid trading. A selection of automated strategies allows traders to trade within a range, profiting from natural volatility. Choices include Futures Grid (leverage available), Spot Grid, and Spot Infinity Grid. Managed well, this tool can help build a larger position.
• Loans: BingX Wealth also supports crypto lending and borrowing. Lend to earn interest or borrow against your crypto assets to make trades or for other purposes.
• Martingale: BingX’s Martingale strategy borrows from a gambling strategy and applies it to crypto trading. BingX’s Martingale automatically increases the position size following a losing trade. The theory is that a winning trade is inevitable, and the position size will offset prior losses.
• Dual Investment: As the name suggests, Dual Investment pits one asset against another. Yields can reach staggering levels, often over 200%. However, investment principal is not protected with Dual Investment.

BingX XPool & Staking

The BingX XPool differs from the Launchpool, but both share some similarities. With both products, the user locks up a specific token to earn a different type of token. However, XPool may require tokens to be staked in pairs. For example, to earn LAIR Points, which paid 49.5% APR, users staked USDT and LAIR.

Prize pools reward specific actions on the platform, such as creating a new account or reaching a 7-day spot trading goal. New offers are posted regularly, each with its own rules and incentives.

BingX Fees

As one of the lowest-fee crypto exchanges, BingX makes trading more affordable than many of its competitors. Spot trades on the advanced trading platform are fixed at 0.1%. Perpetual futures trading fees vary depending on the type of order: limit orders cost 0.02%, whereas market orders cost 0.05%. These all contribute to the lowered trading costs that BingX has become famous for.

Standard futures fees are 0.045%, but only apply when the position is closed. BingX also offers additional discounts depending on the user’s VIP level, which is based on 30-day trading volume and the value of assets stored on the exchange.

Other trading products, such as grid trading, follow the above fee schedule.

Deposit Methods

Users can deposit funds to BingX using several methods. However, the most affordable of these methods is a crypto deposit to your trading account. For example, users can send ETH or USDT to the platform using a supported blockchain. In this case, BingX does not charge a deposit fee. Network fees apply.

Depending on the region, the platform also supports cryptocurrency purchases through third-party providers using a debit card, credit card, or bank account. The platform also supports peer-to-peer purchases, allowing users to choose from a list of rated providers.

Peer-to-peer and third-party purchases utilize a markup (spread) and may charge processing fees, making a direct crypto deposit the most cost-effective way to fund a trading account.

Is BingX User-Friendly?

Next up in our BingX review, we look at the apps and UI. The mobile app (iOS and Android) and web app offer a clean UI that fully supports all the platform’s features. Some may prefer the desktop app for trading based on technical analysis. As with other mobile trading apps, chart work can be challenging on a smaller screen. However, both apps support a wide range of indicators and TradingView-powered charts.

Navigation is also intuitive on both desktop and mobile devices, except the BingX Wealth section, which can be confusing to newer users. This section of the UI isn’t as straightforward as spot trading, derivatives, and copy trading.

Advanced trading tools, such as perpetual futures, can come with a steep learning curve. BingX offers a way to learn the ropes the easy way. A simulated trading system via a demo account allows users to practice trading without risking real capital. Experienced traders can also use the demo account to test new strategies against real-time market prices without risk.

Where is BingX Available?

BingX provides services globally, with some key exceptions. Traders can access the platform from more than 150 countries worldwide. However, several larger markets are not supported.

Expect restricted access in the following markets:

• United States
• United Kingdom
• Canada
• Netherlands
• China
• Hong Kong
• Macau
• Singapore
• Sanctioned countries and regions

Notably, BingX is registered with AUSTRAC in Australia (BINGX GLOBAL PTY LTD, ABN 31 646 052 244), signaling compliance with a leading regulatory agency. The exchange is also registered with the Australian Securities & Investment Commission (ASIC).

Does BingX Require KYC?

BingX requires users to complete Know Your Customer (KYC) identity verification for fiat-related transactions, such as depositing traditional currencies onto the platform. P2P trading also requires identity verification.

While crypto deposits do not require KYC, unverified accounts have lower withdrawal limits. Unverified accounts are limited to a daily withdrawal of 5,000 USDT in value.

KYC is required for all deposits in some jurisdictions. KYC verification ensures compliance with Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regulations in jurisdictions such as Australia.

BingX Customer Support

BingX provides several ways for users to get support when needed. Live chat offers the most direct way to reach out and is available 24/7. The exchange also provides extensive help pages, often linked directly from trading screens on the app. For UI or trading-related queries, BingX’s help pages may be the most efficient way to resolve a question.

The platform also supports an email ticket system, which may be better suited to questions or issues that require screenshots or other documentation.

High-volume traders who qualify for top VIP tiers can also access dedicated account managers.

Where Can BingX Exchange Improve?

While BingX offers a wide range of trading tools and an easy-to-use interface, no exchange is perfect. Let’s discuss some areas where the platform could improve to better meet the needs of traders.

• Regional Availability: BingX is not available in some major markets, such as the US, UK, and Canada.
• Security Concerns: The 2024 hot wallet hack remains a concern, although BingX covered the losses and has since strengthened its security measures.
• Fiat On/Off Ramps: Buying with traditional currencies on BingX can be a circuitous experience. Users in many regions are redirected to pricier third-party providers.
• Liquidity: Traders for BTC and ETH, particularly in perpetual futures markets, will find ample liquidity. However, when exploring BingX’s 700+ altcoins, trading can become much less efficient due to limited markets and the exchange’s size.
• Specialty Product Complexity: BingX Wealth invites confusion. Several of the offerings center on riskier investment products, but with little guidance for users. This offering could be stronger with on-page explainers and better navigation.
• Customer Support: As with many companies, support can be spotty. Live chat provides a way to reach someone at any time. However, some BingX reviews on TrustPilot report less-than-perfect customer service experiences. Overall, the exchange earns 2 out of 5 stars on TrustPilot.

How to Get Started With BingX

Starting an account with BingX is straightforward. Users can sign up using an email address or phone number.

Step 1) Create a User Account

Visit BingX and click on the Sign Up button. The platform supports both email addresses and phone numbers. You can also use a Google account to sign in. Choose a secure password to protect your account.

Step 2) Complete Identity Verification

You may need to complete KYC identification verification to deposit on the platform in many jurisdictions. KYC enables higher withdrawal limits (up to 5 million USDT daily) and gives you access to P2P transactions.

Follow the on-screen instructions to upload the required documents, including a government-issued photo ID. The platform also uses a “liveness” check, which can be completed with a webcam or mobile device.

Step 3) Fund Your Account

The easiest way to get started is to use the platform’s Quick Buy feature. Click on Buy Crypto on the main menu.

BingX lets you choose from third-party providers that support credit or debit card purchases and bank-funded purchases in some cases. Payment options vary depending on the provider and location.

Alternatively, you can deposit fiat currencies directly into your BingX account. This method can take 24 hours or longer and may be subject to withdrawal holds. However, there is generally no cost to deposit fiat currencies directly into your account. Availability may vary by region.

This option is located under the Buy Crypto submenu.

In both cases, it’s most practical to buy USDT. BingX supports hundreds of cryptocurrencies that use USDT in the trading pair.

That’s it. Once you’ve funded your account, start trading or navigate to the demo account linked on the perpetual futures trading screen to practice trading without risking real money.

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BingX Review Conclusion: Is BingX Worth It in 2025?

BingX offers a full-featured trading platform with tools catering to advanced users and newer traders. Those new to trading can practice using a demo account or learn from experienced traders using BingX copy trading. Futures Kick-Off also offers an easy way to get started with futures trading.

Low fees for spot and futures trades help keep trading costs to a minimum, with additional discounts available based on trading volume and assets held on the exchange.

Advanced traders will enjoy the platform’s selection of coins and powerful charting features. BingX Wealth provides several ways to earn and build your portfolio, although navigation and risk disclosure could be improved.

Overall, BingX is well-suited to a wide range of traders, from experienced traders to those with a shorter trading history. First-time traders may want to consider a simpler platform, however.

Visit BingX

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Eric Huffman

Eric Huffman's background includes a decade plus in business management as well as personal finance industry experience in insurance and lending. A strong understanding of consumer finance combined with a consumer advocate stance brought Eric to the crypto industry, where he writes articles and guides aimed at making crypto easier to understand.

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