BingX Review: Pros, Cons, Features & Everything You Need 2025

BingX has emerged as a prominent centralized cryptocurrency exchange, offering a variety of trading options ranging from spot trading to derivatives. With a user-friendly interface, it caters to both seasoned traders and beginners. But how does it stack up against industry giants like Binance and Kraken in terms of security, features, and usability?

In this comprehensive review, we’ll analyze whether BingX is a safe and efficient trading platform, covering every crucial aspect to help you decide if it meets your needs.

Pros & Cons BingX Exchange

✅ Pros

• Strong security measures, including Proof of Reserves (PoR)

• Wide range of trading tools and features

• Attractive VIP fee discount program

• Easy-to-use interface, ideal for beginners

• Mobile app integration for trading on the go

✅ Cons

• Restricted access in several regions (including the U.S., UK, and Canada)

• Past security breach incidents

• Customer support could be improved

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What is BingX?

Launched in 2018, BingX is a centralized cryptocurrency exchange designed to serve traders of all experience levels. What sets it apart is its emphasis on social trading, enabling users to engage in copy trading, share insights, and discuss market strategies.

For beginners, BingX provides a risk-free demo account, allowing users to test strategies with simulated funds before committing real money.

Additionally, the platform supports various payment methods, including Apple Pay, SEPA, Mastercard, Visa, and over 100 fiat currencies like USD and EUR.

Currently, BingX operates in more than 150 countries but remains unavailable in certain regions due to regulatory restrictions. However, it holds multiple regulatory licenses, including:

• European MTR License

• U.S. MSB License

• Australia AUSTRAC Compliance

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BingX Security Measures

Security is a top priority for any crypto exchange, and BingX has implemented several safeguards to protect users' funds and data.

Proof of Reserves

BingX publishes its Merkle Tree-based PoR certification twice a month, allowing users to independently verify the exchange’s asset reserves.

KYC Verification

BingX enforces Know Your Customer (KYC) regulations, offering two levels of verification:

• Basic KYC – Lower deposit/withdrawal limits; no fiat transactions.

• Advanced KYC – Higher withdrawal limits and eligibility for up to 500 USDT in rewards.

Two-Factor Authentication (2FA)

Users must enable 2FA for an additional layer of security. This can be set up using an email, phone number, or Google Authenticator.

BingX Trading Features

BingX provides a diverse range of trading options, catering to both beginner and professional traders.

1. Futures Trading

Futures trading allows users to trade with leverage and hedge risks. BingX supports two futures trading modes:

Feature Standard Futures Perpetual Futures

Best for Beginners Professionals

Margin Type USDT-margined Coin-margined (BTC, ETH, etc.)

Leverage 1x-150x 1x-150x

Fees 0.045% Maker: 0.020%, Taker: 0.050%

2. Copy Trading

BingX allows users to automatically replicate trades of experienced traders, offering three methods:

• Copy by Position Ratio – Adjusts funds proportionally.

• Copy by Fixed Margin – Uses a fixed margin per trade.

• Copy by Spot Grid – Copies a trader’s grid trading strategy.

3. Spot Tradin

Spot trading on BingX enables users to buy and sell over 750 cryptocurrencies, including:

• Bitcoin (BTC)

• Ethereum (ETH)

• Solana (SOL)

• Cardano (ADA)

• Meme coins like DOGE, SHIB, PEPE, and WIF

Bitcoin (BTC)Ethereum (ETH)Solana (SOL)Cardano (ADA)Meme coins like DOGE, SHIB, PEPE, and WIF

BingX Fees

BingX’s fee structure varies by trading type:

Spot Trading: 0.1% maker/taker fee

Perpetual Futures: Maker: 0.020% | Taker: 0.050%

Standard Futures: 0.045% per trade

How to Get Started on BingX

1. Visit the BingX website and click on Sign Up.

2. Register using an email or phone number.

3. Enter the verification code sent to your email/phone.

4. Complete the registration and enable 2FA for security.

✅ How to Start Copy Trading

1. Log in to BingX and navigate to Copy Trading

2. Browse available traders and analyze their performance.

3. Select a trader and configure your investment amount and risk level.

4. Click Copy Now to start mirroring trades.

Conclusion: Is BingX Worth It?

BingX is a reliable cryptocurrency exchange that balances user-friendly features with advanced trading options. It excels in social trading, making it an ideal choice for beginners, while also providing futures, copy trading, and competitive VIP fee discounts for professionals.

However, regional restrictions and past security concerns may be drawbacks for some traders. If you’re in a supported country and looking for an intuitive yet feature-rich trading platform, BingX is definitely worth considering.

• Best For: Social traders, beginners, and advanced users looking for a diverse trading experience.

• Not Ideal For: Traders in restricted regions (U.S., UK, Canada) or those seeking decentralized alternatives.

> Would you try BingX for your crypto trading needs? Let us know in the comments!

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