If you’ve ever wondered whether BingX is the right trading platform for you here in the Philippines, I’ve got you covered. I’ve been dabbling in various crypto exchanges for years now, and recently, I gave BingX a real test run.
In this post, I’ll share my personal experience and honest thoughts about the platform—what I loved, what I didn’t, and everything you need to know before diving in.
What is BingX ?
BingX is a global crypto exchange offering spot trading, derivatives trading, copy trading, and more. What sets it apart is its user-friendly interface, competitive trading options, and social features like copy trading.
For investors in the Philippines, the big question is: Is BingX legal in Philippines? Don’t worry, I’ll answer that too.
�� Visit BingX Official Link HomePage www.bingx.com
✅ Pros and Cons
From my personal experience, here’s what I found to be the strengths and weaknesses of BingX:
Pros
✅ Beginner-friendly UI – Very easy to navigate.
✅ Copy trading – I could follow experienced traders with just a few clicks.
✅ Wide range of trading types – Including spot and derivatives.
✅ Competitive trading fees
✅ Available in multiple countries, including the Philippines.
Cons
✅ Limited fiat deposit options – I had to use third-party methods.
✅ Not fully regulated in the Philippines (more on this in a bit).
✅ Some derivative instruments are complex for beginners.
��️Rules and Regulation | Safety and Regulation
Now, this is a biggie for me. Before I deposit any money into a platform, I always check how safe it is.
Here’s what I found:
�� BingX is registered in Singapore and operates under FinCEN (U.S.) as a Money Services Business.
✅ The platform claims compliance with several international regulations but does not yet hold a license from the Philippine SEC or BSP.
��️Security features include 2FA, cold wallet storage, and withdrawal whitelist functions.
My take: While BingX isn’t directly regulated by the Philippines, its international compliance standards and security features made me feel safe enough to trade on it. Still, I recommend using strong passwords and enabling all security features.
�� Accepted Countries
BingX is available in over 100 countries, and yes—the Philippines is on the list!
Here's a quick list of some supported countries:
Philippines
Singapore
Vietnam
Indonesia
India
Nigeria
Turkey
Many more...
However, users from the U.S., mainland China, and a few restricted jurisdictions cannot use the platform
�� Trading Offer & Types
BingX offers a surprisingly rich selection of trading options. Here's a quick breakdown of what I explored:
Spot Trading
This is your typical buy/sell of crypto pairs. BingX supports popular assets like:
BTC/USDT
ETH/USDT
XRP/USDT
And many more altcoins
What I liked: The liquidity was solid and trades were executed quickly.
Derivatives Trading
BingX’s derivatives platform is robust. It supports:
USDT-Margined Perpetual Contracts
Standard Futures
Grid Trading Bots (great for sideways markets)
Be careful though – Derivatives come with leverage, so they’re not for the faint-hearted!
Extensive Trading Options on BingX
When it comes to variety and flexibility, BingX truly excels. Unlike smaller exchanges with limited offerings, BingX stands out for its broad suite of trading features, designed to meet the needs of both beginners and seasoned investors.
�� Overview of Trading Types on BingX
Trading Type Description
Spot Trading
Trade crypto assets at live market prices—ideal for quick buys and sells.
Standard Fixed-term contracts for buying or selling crypto at a future
Trading Type Description
Futures price.
Perpetual Futures
Futures Kickoff
Copy Trading
Grid Trading Bots
Pre-Market Trading
No expiry futures contracts, allowing leverage for long or short positions.
A beginner-friendly futures product that requires as little as $10 to start.
Automatically mirror the strategies of successful traders in real time.
AI-powered bots for structured arbitrage and profit-taking in volatile markets.
Early-access OTC trading of tokens before official listings.
From spot and futures trading to automated bots and copy strategies, BingX offers a complete trading ecosystem. Whether you're looking to buy and hold, take advantage of market fluctuations through grid strategies, or leverage futures for high-risk, high-reward opportunities, there’s something here for every type of trader.
✅ Key Features That Set BingX Apart
Futures Kickoff: Low Barrier to Entry
One of the most impressive tools on BingX is the Futures Kickoff feature. Unlike traditional futures platforms that may overwhelm beginners, this tool simplifies the process into three steps:
1. Choose the amount to invest.
2. Select a market direction (long or short).
3. Click to open the trade.
It’s this level of simplicity and accessibility—combined with the option to start with as little as $10—that makes it a unique innovation in the space.
Copy Trading: Social Meets Strategy
BingX doesn’t just provide tools—it builds a community-centric trading environment. Its copy trading system has garnered strong praise, particularly from novice traders looking for guidance.
You can join this ecosystem in two ways:
As a copier, you follow the trades of experienced investors.
As a trader, you earn commissions when others mirror your strategies.
But it goes beyond just copying. Users can explore detailed performance metrics, review trade histories, and even reach out to top traders for insights and collaboration. This turns BingX into more than a platform—it becomes a learning space.
How to Get Started with BingX
While creating an account is easy, mastering features like copy trading requires a bit more guidance. Below is a step-by-step walkthrough.
✅ Creating a BingX Account
Step 1:
Visit the official BingX website and click on the [Sign Up] button in the upper-right corner.
Step 2:
Register using your email address or mobile number. Email is generally more convenient for long-term use.
Step 3:
Head to your inbox, find the verification code sent by BingX, and paste it into the registration form.
Step 4:
Once verified, your account is active. But to fully unlock platform features— such as deposits, withdrawals, and advanced trading—you’ll need to complete KYC verification.
Choose between:
Basic Verification: Submit basic personal details.
Advanced Verification: Upload ID photos and complete a facial scan for full access.
✅ How to Use BingX Copy Trading Effectively
Using BingX’s copy trading system is quite intuitive once you know where to look. Here’s how to get started:
✅ Step-by-Step Copy Trading Guide
Step 1:
Navigate to the “Copy Trading” section from the top menu.
Step 2:
Choose between two trader categories:
Futures Traders for leveraged strategies.
Spot Traders for traditional market buys and sells. You’ll then be presented with curated trader lists. To help you choose wisely, BingX divides traders into categories:
Category Details
Trending Traders
High-visibility traders with strong, recent performance.
Conservative Traders
Rising Stars
Trader Pro
All Traders
Risk-managed strategies for stable, consistent results.
New talents with promising growth patterns.
Veteran experts with deep experience and refined strategies.
Full directory with filters to compare based on data and history.
Take your time to examine their performance charts, recent trades, and win/loss ratios before copying anyone.
Step 3:
Found a trader you like? Click their profile and then hit the [Copy] button.
Step 4:
Choose your replication mode:
Position Ratio: Automatically adjusts trade size to match the trader’s strategy.
Per Order: Offers full customization over margin and investment for each position.
Step 5:
Set your preferred investment amount and define risk parameters. Once ready, confirm by clicking [Copy]—and your journey into social trading begins.
✅✅ Is BingX Legal in the Philippines?
I dug into this question because it matters to all of us local investors.
Here’s the scoop:
�� BingX is not currently licensed by the Bangko Sentral ng Pilipinas (BSP) or registered with the Philippine SEC. That said, it’s still accessible and widely used by Filipino traders.
So, is it legal to use?
Technically, yes—you can use it. But remember, you're using it at your own risk, and there’s no regulatory protection if something goes wrong.
My advice: Only trade what you can afford to lose, and keep most of your crypto in self-custody if you're holding long-term.
✅ Expert Opinion (Well, Mine!)
After trying out BingX for a few weeks, here’s my personal verdict:
User Experience: Excellent. Even if you’re new to crypto, the layout makes it easy to get started.
Copy Trading: This feature is golden! I copied some top traders and saw decent returns.
Regulation Concerns: Still a bit gray, but not necessarily a dealbreaker for me.
If you're a crypto investor in the Philippines looking for variety, ease of use, and social trading, BingX is worth exploring. But don’t forget the risks involved with unregulated platforms.
✅ Frequently Asked Questions (FAQs)
1. Is BingX legal in the Philippines?
It’s not officially regulated by local agencies like the BSP or SEC, but yes, you can legally access and use it.
2. Is BingX safe to use?
BingX follows international security standards, but as always, practice proper risk management.
3. What trading types are available?
You can access spot trading, derivatives, copy trading, and grid bots.
4. Can I deposit PHP?
Currently, BingX does not support direct PHP deposits. I used USDT via thirdparty payment gateways.
5. What are the top features of BingX?
Copy Trading
Derivatives with leverage
Clean, user-friendly interface
Access to global markets
✍ Final Thoughts
Trading on BingX felt like a breeze most of the time. It’s got great tools, strong community features, and enough asset variety to satisfy both beginners and advanced traders.
Would I recommend it to fellow Filipino investors? Yes, but with caution. Always weigh the pros and cons, and make sure you understand the rules and regulation involved before diving in.
Let me know if you’ve tried BingX too—I’d love to hear what your experience was like.
