What is BingX? It’s one of the world’s leading cryptocurrency exchanges with over 20 million users worldwide. If you’ve been searching for a reliable platform to start or enhance your crypto trading journey, BingX might be the solution you’re looking for.
As someone who closely follows cryptocurrency developments, I can tell you that BingX crypto trading offers several advantages over other platforms. The exchange particularly stands out for its BingX low fees – just 0.1% for spot trading and an even lower 0.045% for futures trading. Furthermore, BingX connects beginners with expert traders through an intuitive and transparent platform, making it arguably the best exchange for those looking to learn while they trade.
In this comprehensive guide, I’ll walk you through everything you need to know about BingX. We’ll explore its unique features, including its innovative AI assistant, copy trading capabilities (with over 5 million established copy relationships), and step-by-step instructions for getting started. Additionally, we’ll examine what makes BingX different from other exchanges and why it continues to expand its ecosystem with industry-leading features.
What is BingX? A Quick Overview
Founded in 2018, BingX has quickly risen to become a major player in the cryptocurrency exchange landscape. The platform was originally launched as Bingbon, offering market access to forex, commodities, indices, and digital assets from a central hub [1]. In 2021, the company rebranded to BingX to better align with its global expansion strategy [1]. Today, BingX serves a robust community of more than 20 million users worldwide [2].
History and background of BingX
The exchange was co-founded by Josh Lu, though the founding team maintains a relatively low profile [3]. Since its inception, BingX has expanded its presence globally with branch offices across Asia, Europe, and South America [4]. The platform’s growth trajectory reached new heights in 2024 when BingX became the official crypto exchange partner of Chelsea Football Club, marking its significant entry into sports sponsorship [2].
BingX has steadily evolved from its initial offerings to become what it describes as the “first All-in-AI crypto exchange” [2]. This evolution is backed by a substantial commitment—a USD 300 million investment over three years as part of its AI Evolution strategy [2]. The platform’s development has consistently focused on creating an accessible yet sophisticated trading environment for users of all experience levels.
What makes BingX different from other exchanges?
BingX stands out primarily through its social trading ecosystem. Unlike traditional exchanges that focus solely on direct trading, BingX offers a unique copy trading feature that allows users to browse through professional traders’ portfolios and mirror their strategies in real time [4]. This approach creates a bridge between experienced traders and newcomers to the crypto world.
Another distinctive aspect is BingX’s comprehensive suite of AI-powered tools. Most notably, the platform has introduced BingX AI—described as the world’s first AI-powered crypto trading assistant [2]. This innovation represents the platform’s commitment to embedding intelligent solutions across every aspect of its operations.
Beyond these flagship features, BingX offers diverse trading options including:
- Spot trading for direct cryptocurrency purchases
- Futures trading for leveraged positions
- Grid trading for automated profit strategies
- Asset management services for long-term holdings
The platform supports over 1,000 trading pairs [3], giving traders extensive options across the cryptocurrency market. Moreover, BingX prioritizes education through its BingX Academy, providing guides and tutorials that make the crypto journey more accessible [4].
Is BingX safe and regulated?
On the security front, BingX claims to have maintained a perfect record with zero theft or loss of funds since its establishment [5]. To achieve this, the exchange implements multiple layers of protection:
- Advanced firewalls and encryption protocols [5]
- Two-factor authentication (2FA) for account access [5]
- Cold wallet storage for the majority of assets [3]
- Dynamic monitoring of price abnormalities [5]
- Multi-factor authentication combining various verification methods [5]
BingX has also established a Shield Fund exceeding USD 150 million as a safety net against unexpected incidents, including technical vulnerabilities and cyber threats [2]. The fund is fully self-funded and always active, reflecting the platform’s commitment to user safety.
Regarding regulation, BingX has secured several operational licenses globally. The exchange is registered as a Money Services Business (MSB) in both the United States and Canada [6]. BingX EU UAB is registered in Lithuania as a financial service company and is recognized by the Financial Crime Investigation Service [4]. Similarly, BingX Global is registered under the Australian Transactions and Reports Analysis Center [4].
To foster transparency, BingX maintains 100% Proof of Reserves (PoR) certification, verified through audit reports published on the 1st and 15th of every month [2]. This practice allows users to independently verify that the platform holds sufficient assets to cover all user funds.
Core Features of BingX Trading Platform
Image Source: BeInCrypto
BingX offers a comprehensive suite of trading tools designed for both beginners and experienced traders. The platform combines traditional trading methods with innovative features that make cryptocurrency trading more accessible and potentially profitable. Let’s explore the core features that make BingX stand out in the crowded crypto exchange landscape.
Spot trading and how it works
Spot trading on BingX allows users to buy and sell cryptocurrencies at current market prices with immediate settlement. This straightforward approach gives traders direct ownership of the underlying assets. When you engage in spot trading, you’re actually purchasing the cryptocurrency itself, which is then deposited into your spot wallet once the trade is executed.
BingX’s spot trading interface supports both market orders (executed immediately) and limit orders (executed at preset price points) [7]. The process is straightforward: select your desired trading pair, specify whether you want to buy or sell, enter the amount, and execute the trade. With transaction fees as low as 0.1%, BingX provides a cost-effective way to build your crypto portfolio.
Futures trading explained
For traders seeking higher potential returns, BingX offers perpetual futures trading with leverage of up to 150x [8]. Unlike spot trading, futures contracts allow you to speculate on price movements without owning the actual cryptocurrency. BingX provides two main types of futures:
USDⓢ-M Perpetual Futures: Advanced trading settled in USDT Coin-M Perpetual Futures: Trading using cryptocurrency as margin [2]
The platform’s dual-price mechanism enhances security, as positions are only liquidated when both the last price and mark price reach the estimated liquidation price [2]. This feature helps protect traders from flash crashes and market manipulation.
Copy trading: follow top traders
One of BingX’s most distinctive features is its copy trading functionality, which allows users to automatically replicate the trades of successful professionals. The platform showcases thousands of elite traders, categorized by risk level, profit ratios, and trading styles [1].
By following a lead trader, their trading decisions are automatically mirrored in your account, with fees as low as 0.045% [9]. This social trading ecosystem creates a bridge between experienced traders and newcomers, allowing beginners to learn while potentially earning profits.
Grid trading for automated profits
Grid trading on BingX automates the “buy low, sell high” strategy by setting predetermined price ranges where the system automatically executes trades. This feature works 24/7, capturing profits from market volatility without requiring constant monitoring [10].
BingX offers three distinct grid trading options:
- Spot Grid: Classic grid with upper and lower price limits
- Futures Grid: Enhanced grid with leverage capabilities
- Infinity Grid: Only requires a lower price limit, ideal for upward-trending markets [11]
AI assistant and smart tools
In 2025, BingX launched its AI-powered trading assistant, which quickly gained over 2 million users and processed 20 million queries within its first 100 days [12]. This innovative tool features five specialized AI avatars:
The Analyst decodes market data into actionable insights through AI-powered candlestick and token analysis. The Strategist builds tailored strategies with AI Trade Review and Trend Forecasting, while The Recommender suggests tokens, traders, and news that match your trading profile. For risk management, The Protector identifies potential issues and simulates outcomes, and The Monitor tracks market movements in real time [12].
These advanced tools represent BingX’s USD 300 million investment in its AI Evolution Strategy, helping traders of all experience levels make more informed decisions in the fast-paced crypto market [12].
How to Use BingX: Step-by-Step Guide
Image Source: BingX
Getting started with BingX requires just a few simple steps. Let’s dive into the practical side of using this powerful cryptocurrency exchange platform that thousands of traders rely on daily.
Creating and verifying your account
Starting your journey on BingX is straightforward. To begin with, visit the official BingX website or download their mobile app from your device’s app store. Click the “Sign Up” button and enter your email address or phone number along with a secure password [4].
Once registered, completing identity verification (KYC) unlocks the full potential of your account. Although KYC is optional, verified users enjoy significant advantages:
- Basic Verification: Takes just 1 minute to complete and increases daily deposit limits to 5,000 USDT [13]
- Advanced Verification: Takes 2-10 minutes, grants unlimited deposits and withdrawals up to 5 million USDT daily [13]
Depositing funds and choosing a trading pair
After verification, you can fund your account through multiple methods:
- Cryptocurrency deposit: Select your preferred currency and network, then send funds to your BingX deposit address
- Bank transfer: Deposit fiat directly with no fees (though it may take 24+ hours) [4]
- Credit/debit card: Purchase crypto instantly through supported third-party providers [4]
Consequently, you’ll need to select a trading pair. BingX offers over 1,000 trading pairs to choose from. For beginners, buying USDT first is most practical as it’s used in most trading pairs [4].
Using BingX on web vs mobile app
BingX offers both web and mobile platforms with nearly identical functionality. In essence, both versions provide clean interfaces with TradingView-powered charts and comprehensive indicator support [4].
First thing to remember, the mobile app (available for iOS and Android) is particularly praised for its intuitive design and responsiveness, making it ideal for on-the-go trading [14]. Alternatively, the desktop version may be preferable for technical analysis due to the larger screen space.
Exploring the BingX interface
The BingX interface is designed with both beginners and experienced traders in mind. Above all, it provides clear navigation to all core functions:
- Markets section for viewing available trading pairs
- Trading charts with technical indicators
- Order book and trade history
- Position management tools
For practice purposes, BingX offers a simulated trading system through a demo account, allowing you to learn without risking real capital [4].
Start managing your crypto safely today! Sign up with BingX using our referral link and get exclusive benefits: https://bingx.com/partner/DubaiAR
Benefits of Using BingX for Crypto Trading
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Benefits of Using BingX for Crypto Trading
Trading cryptocurrencies can be challenging, especially when choosing the right platform. BingX offers several advantages that make it an attractive option for both newcomers and veteran traders.
Low trading fees and cost efficiency
BingX implements a competitive fee structure that helps maximize your trading profits. The platform charges just 0.1% for spot trading [15], while perpetual futures trading fees are even lower at 0.02% for makers and 0.05% for takers [5]. VIP users enjoy additional discounts based on trading volume, with fees dropping as low as 0.005% for makers at the Supreme VIP level [6].
Wide range of supported cryptocurrencies
The exchange provides access to over 500 cryptocurrency assets across spot, perpetual, and standard contracts [16]. This extensive selection includes major coins like Bitcoin and Ethereum, alongside numerous altcoins and trending tokens. Importantly, BingX administrators review each cryptocurrency’s qualifications before listing to protect traders from potential scams [16].
User-friendly interface for beginners
One standout feature is BingX’s intuitive design that simplifies the trading process. The platform combines a smooth layout with robust security measures [15], making it accessible for users at all experience levels. Its mobile app receives particular praise for responsiveness and ease of use.
Advanced tools for experienced traders
Serious traders benefit from BingX’s sophisticated features. The platform’s AI-powered trading assistant includes tools for trend forecasting, position analysis, and trade review [17]. These intelligent solutions help traders make data-driven decisions in the fast-moving crypto market.
Educational resources via BingX Academy
BingX Academy serves as a comprehensive learning hub for traders. It offers free courses covering everything from cryptocurrency basics to advanced trading strategies [18]. These educational materials help users develop their skills and understanding of the market, effectively bridging the knowledge gap between novices and professionals [19].
BingX Roadmap and Future Plans
BingX has ambitious plans to shape the future of cryptocurrency trading through strategic investments and innovations. Let’s look at what lies ahead for this rapidly evolving platform.
AI integration and R&D initiatives
BingX’s future roadmap centers around a massive USD 300 million investment over three years to accelerate AI integration across its ecosystem [20]. The company is establishing a dedicated AI Institute for research and innovation, serving as an engine room for breakthroughs at the intersection of AI and Web3 [21]. Subsequently, this strategic shift is already showing results, with BingX AI attracting 2 million users and handling 20 million queries in just 100 days since launch [22].
Partnerships and global expansion
Meanwhile, BingX Labs has emerged as a key innovation hub, committing USD 16 million to high-impact projects like Babylon and StakeStone [23]. A standout investment includes USD 10 million supplied to StakeStone for developing omnichain liquidity infrastructure [24]. Furthermore, BingX’s ExpansionX strategy has identified Vietnam as a pivotal market, underscored by the country’s high cryptocurrency adoption rates [25].
Upcoming features and platform upgrades
In the near term, BingX will continue enhancing its product suite with user-centric innovations. Recently, the platform introduced Copy Trading 2.0 with improved control and transparency [26], alongside ChainSpot—a CeDeFi innovation for simplified on-chain trading [27]. However, the long-term vision extends beyond feature updates; BingX aims to lead in building a responsible, resilient Web3 AI ecosystem through industry collaboration and shared standards [21].
Conclusion
Throughout this review, we’ve explored what makes BingX stand out in the competitive world of cryptocurrency exchanges. Undoubtedly, the platform offers an impressive combination of accessibility for beginners and powerful tools for experienced traders. The low fee structure—just 0.1% for spot trading and even lower for futures—certainly makes it an economical choice for active traders.
BingX’s copy trading feature creates a unique bridge between novice and expert traders, allowing beginners to learn while potentially earning profits. Additionally, the platform’s AI-powered trading assistant represents a significant advancement in making complex market analysis accessible to everyday users.
Security remains paramount at BingX, with their perfect record of zero theft or loss of funds since establishment. The substantial Shield Fund exceeding $150 million further demonstrates their commitment to protecting user assets.
Looking ahead, BingX’s $300 million investment in AI technology signals their dedication to innovation and maintaining their position at the forefront of cryptocurrency trading. Their expanding global presence and strategic partnerships likewise reflect a platform with ambitious growth plans.
Whether you’re new to cryptocurrency or an experienced trader seeking advanced tools, BingX offers a comprehensive ecosystem designed to meet your needs. Start managing your crypto safely today! Sign up with BingX using our referral link and get exclusive benefits: https://bingx.com/partner/DubaiAR
Though cryptocurrency markets can be volatile, having the right exchange partner makes all the difference. BingX combines innovative features, strong security measures, and user-friendly interfaces to create a platform that truly stands out in today’s crypto landscape.
Key Takeaways
BingX stands out as a comprehensive cryptocurrency exchange that combines beginner-friendly features with advanced trading tools, making it suitable for traders at all experience levels.
• BingX offers exceptionally low trading fees at just 0.1% for spot trading and 0.045% for futures, helping maximize your trading profits compared to competitors.
• The platform’s unique copy trading feature allows beginners to automatically mirror successful traders’ strategies, creating a bridge between novice and expert traders.
• BingX maintains perfect security with zero theft record since 2018, backed by a $150 million Shield Fund and comprehensive regulatory compliance across multiple jurisdictions.
• The exchange’s AI-powered trading assistant provides intelligent market analysis and trading recommendations, representing a $300 million investment in cutting-edge technology.
• With over 1,000 trading pairs and 500+ supported cryptocurrencies, BingX offers extensive market access alongside educational resources through BingX Academy.
BingX’s combination of innovative features, robust security measures, and user-centric design positions it as a leading choice for both cryptocurrency newcomers and experienced traders seeking a reliable, feature-rich trading platform.
FAQs
Q1. Is BingX a safe and regulated cryptocurrency exchange? BingX claims to have maintained a perfect security record with zero theft or loss of funds since its establishment. The platform implements multiple security measures, including advanced encryption and cold wallet storage. BingX is registered as a Money Services Business in the US and Canada, and has operational licenses in several countries. However, as with any crypto platform, users should exercise caution and conduct their own research.
Q2. What are the main features of BingX trading platform? BingX offers a range of trading options including spot trading, futures trading with up to 150x leverage, copy trading to follow expert traders, and grid trading for automated strategies. The platform also provides an AI-powered trading assistant and supports over 1,000 trading pairs.
Q3. How does BingX compare to other cryptocurrency exchanges in terms of fees? BingX offers competitive trading fees, with spot trading fees as low as 0.1% and futures trading fees starting at 0.045%. These rates are generally lower than many other exchanges, making BingX an attractive option for cost-conscious traders.
Q4. Can US residents use BingX? The use of BingX by US residents is a gray area. While some users report accessing the platform via VPN, this practice may violate the platform’s terms of service and could potentially lead to account restrictions. It’s advisable for US residents to carefully review BingX’s policies and consider alternatives that are fully compliant with US regulations.
Q5. What educational resources does BingX offer for new traders? BingX provides educational content through its BingX Academy, which offers guides and tutorials to help users understand cryptocurrency trading. The platform’s copy trading feature also allows beginners to learn from experienced traders by mirroring their strategies.
References
[1] – https://blog.bingx.com/insights/what-is-copy-trading-how-does-it-work-where-to-start-and-how-to-choose-a-lead-trader/
[2] – https://bingx.com/en/support/articles/23110189572889-PerpetualFuturesSimplifiedVersionGuide(WEB)
[3] – https://99bitcoins.com/bitcoin-exchanges/bingx-review/
[4] – https://cryptonews.com/reviews/bingx-review/
[5] – https://beincrypto.com/learn/how-to-trade-futures-bingx-2/
[6] – https://bingx.com/en/support/costs
[7] – https://bingx.com/en/support/articles/21144163238169-BingXTutorialHowtoGetStartedWithSpotTrading(APP)
[8] – https://blog.bingx.com/insights/all-you-need-to-know-about-spot-trading-and-futures-trading/
[9] – https://finestel.com/blog/bingx-copy-trading-review/
[10] – https://bingx.com/en/learn/auto-grid-trading