BingX Review 2025: Features, Fees, and Security
BingX has grown in a short time over the previous few years, quietly turning into some of the fashionable and widely-used world cryptocurrency exchanges.
Yet, it nonetheless feels prefer it’s flying underneath the radar, particularly in comparison with giants like Binance or Bybit.
I spent a while testing its spot markets, futures engine, and lots of its further options and total consumer expertise, and discovered it to be surprisingly succesful with a feature-rich set of merchandise that may be very helpful for each rookies and superior merchants.
The following is my BingX evaluation for 2025, geared 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.
Main Takeaways:
- BingX supplies a broad suite of various buying and selling merchandise, akin to spot, futures, copy buying and selling, grid bots, and incomes instruments.
- Copy buying and selling is a standout characteristic, making the platform particularly interesting to passive buyers and rookies.
- 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.
- Wide collection of spot, futures & automated buying and selling instruments
- Industry-leading copy buying and selling with AI choices
- Competitive futures charges & sturdy liquidity
- Beginner-friendly UI and cell app
- Demo buying and selling mode for follow
- Limited regulatory oversight in main jurisdictions
- Not accessible to U.S. customers
- Thinner liquidity on small-cap altcoins
Company Background and Reputation
BingX was based again in 2018 by Josh Lu and has since then grown to grow to be a globally-recognized cryptocurrency alternate providing a full suite of buying and selling and Web3-oriented tooling.
The platform serves a comparatively broad consumer base of greater than 20 million customers worldwide, in keeping with the official web site.
Over the years, BingX has expanded its providing past conventional spot crypto buying and selling. It now affords derivatives (futures), social buying and selling by way of copy buying and selling merchandise, in addition to a spread of various instruments oriented at completely different dealer profiles, spanning from novice to superior customers.
In 2024, it gained further visibility by way of an enormous sports activities sponsorship of the Football 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 indicators for his or her want to remain forward technologically.
In brief, BingX has quickly grow to be a significant, bold alternate with a worldwide 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, Products, and Access
BingX has positioned itself as a multi-market buying and selling platform. In easy phrases, which means that it has a broad vary of crypto merchandise. After testing it myself, right here’s what I came upon.
Spot Trading Markets
BingX helps a whole lot of cryptocurrencies. Of course, this contains main belongings akin to BTC, ETH, SOL, XRP, ADA, and all the fashionable altcoins. The spot choice is clearly in depth and it’s well-suited for rookies and common buyers.
In addition, BingX expands this choice repeatedly.
In phrases of liquidity, as it’s with nearly all of exchanges, it’s the strongest on main pairs. Long-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 anything.
Futures & Derivatives
The futures buying and selling setting has been handed as one in all BingX’s core strengths, so I used to be curious to see if it might reside as much as the hype.
Now, BingX helps USDT-M perpetual contracts, coin-margined futures, in addition to a continuously rising roster of derivatives pairs.
Notably, the alternate affords customary futures on a number of cryptocurrencies, which is a refreshing change of tempo and one thing that we don’t see fairly often exterior 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 steady and responsive, even in periods of comparatively heightened market volatility.
Other Supported Products
Some of the remaining merchandise of BingX, that I’ll look into the next part embrace:
- Copy Trading & Social Trading
- Grid Trading Bots
- Dual Investment Products
- Standard Staking & Earning Tools
Core Features and Platform Functionality
As I discussed above, BingX appears to have was a feature-rich platform that tries to stability 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 Trading & Social Trading
I’ve at all times had combined emotions about copy buying and selling, and I wouldn’t needed suggest it for causes that transcend this evaluation.
However, if that’s the factor you’re into, BingX has loads to supply on the social buying and selling entrance. You can select from copying fashionable and profitable merchants, in addition to sure AI fashions – an idea that’s rising in recognition just lately.
That stated, right here’s what the copy buying and selling interface appears to be like like:
They have accomplished a great 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 seek 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 might have appreciated.
Grid Trading Bots and Automation
If 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.
In addition, there are AI-enhanced bots, in addition to technique templates that you should use.
These instruments are very simple to make use of and deploy, even you probably have no prior expertise with it. However, if that’s the case, I might strongly counsel 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.
Dual Investment Products
These is likely to be sophisticated for rookies, however I’ll attempt to break them down. In essence, it’s kind of an choices buying and selling device, which lets you earn a premium in your funding, no matter the place the worth goes to go. Of course, there’s a catch.
Let me attempt to offer you an instance. Here is what the interface appears to be like like:
So, on this particular case, you need to purchase BTC decrease than its present worth. At 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 value of BTC at $91,500 (no matter present worth) and 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 worth, 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 worth at settlement, you both get your USDT or its equal in BTC. The dangers are apparent – if the worth deviates an excessive amount of in the other way, you may be left holding a costlier asset. On the opposite hand, if the worth goes in your route however the improve is bigger than your premium, you’d have incurred alternative value.
This 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 worth. For instance, if you’re blissful 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.
Standard Earn and Staking
Beyond that, customary earn & staking alternatives are additionally accessible.
These are comparatively customary throughout the {industry} and present very accessible methods for customers to generate yield. Of course, the returns are going to fluctuate primarily based on asset and lock-up interval.
Fees, Costs, and Incentives
BingX has positioned itself as an alternate with aggressive buying and selling charges, particularly in terms of the futures market. I did evaluation its charges and paired it towards a number of the bigger exchanges, and I discovered the price construction to be fairly clear, so let’s have a look.
Spot Trading Fees
Spot buying and selling charges are as seen within the desk:
For VIP stage 0, the charges begin at 0.1%, which is true on par with Binance. The increased your VIP stage, the decrease charges you pay.
Futures Trading Fees
For futures buying and selling, that is what the price construction appears to be like like:
Again, it’s fairly corresponding to these of Binance, though it’s value noting that Binance has extra aggressive charges on the highest ranges. But you’d solely be involved about this in case your turnover is over $1 billion.
Costs
In phrases of hidden prices, an important factor to contemplate is the unfold. This is the distinction between your set order worth and your execute order worth. For instance, if you happen to set a restrict order to purchase BTC at $100,000, however the worth drops down faster and there was no liquidity at $100,000 to fill your order, you may obtain a fill at decrease charges, which could possibly be an issue if you’re utilizing this as a stop-loss for instance.
Now, BingX has very strong liquidity for the bigger markets and the spreads are very aggressive. However, in terms of thinner markets for extra obscure altcoins, it’s a must to needless to say the spreads are bigger. Naturally, that is current throughout most cryptocurrency exchanges, nevertheless it’s usually some extent that’s neglected in academic assets.
Incentives
To counter the above level, BingX is doing rather well on the incentives aspect and they’re continuously working some kind of promotions. For instance, on the time of this evaluation, there’s a promotion for 0% maker and taker charges on plenty of spot markets.
Security, Compliance, and Risk Management
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 all the customary account-level safety features, 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 Status and Licensing
Although it’s positioning itself as a global and world alternate, BingX doesn’t function within the UK, the United States, or Canada. There are different restricted nations, however these are an important jurisdictions out of it.
Don’t get me improper, that is nothing out of the blue – many exchanges don’t function there due to the regulatory hurdles, so it’s fairly widespread.
I imagine BingX within reason safe, utilizing industry-standard safety strategies. It’s necessary to notice that there are exchanges that place better deal with licensing.
User Experience and Customer Support
The total consumer expertise on BingX is superb, at the least in my expertise. The instruments are simple to find and to function, and it doesn’t really feel like I have to get used to the in any other case very in depth tooling and feature-rich product set that it has to supply. This is nice.
The expertise feels acquainted and if you happen to’ve used different centralized exchanges, likelihood is that you’ll find some issues that work in comparatively related method.
At the identical time, BingX is rated 1.8 out of 5 on Trustpilot for its customer support, with many detrimental opinions. At first, this may occasionally appear off-putting, till you evaluate all the opposite exchanges as nicely. Binance has a rating of 1.4, for instance. In many of the instances, customers usually are not incentivized to depart a optimistic evaluation, the place their frustration with sure issues nearly at all times ends in a foul evaluation.
BingX Pros and Cons
Pros:
- Wide collection of spot, futures, and automated buying and selling instruments.
- Industry-leading copy buying and selling with sturdy social options.
- Competitive futures charges and dependable execution.
- Beginner-friendly cell app and intuitive UI.
- Demo buying and selling mode for secure follow.
Cons:
- Limited regulatory oversight in main jurisdictions.
- Not accessible to U.S. customers.
Final Verdict and Recommendations
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, nevertheless, is the general broad collection of retail-oriented viewers such because the copy-trading ecosystem, which stays some of the 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 may deter some customers, however that’s not that unusual.
Overall, I imagine BingX to be a really sturdy selection for merchants who search easy-to-use and characteristic wealthy platform.
Frequently Asked Questions (FAQs)
Is BingX a regulated alternate?
BingX holds registrations and licenses in sure jurisdictions however is just not totally regulated in main markets just like the US or UK.
Can US residents use BingX?
No, BingX is just not accessible to customers within the United States.
Is BingX secure to make use of?
BingX affords customary safety features akin to 2FA, chilly storage, and anti-phishing instruments, and proof-of-reserves.
Does BingX assist copy buying and selling?
Yes, it is likely one of the platform’s standout options.
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