About BingX

What is BingX?

Founded in 2018 by Josh Lu, BingX is a centralized crypto exchange serving over 20 million global users. It offers diverse products, including spot trading, derivatives, asset management, and copy trading. BingX protects user assets with fully backed margin reserves independently verified by Mazars and undergoes frequent cybersecurity audits.

A standout feature is its perpetual futures platform, allowing leverage up to 125x. Traders can choose USDT-margined or coin-margined contracts and utilize advanced orders like limit, market, and trigger types. Competitive fees, deep liquidity, and precise risk management make BingX perpetual futures particularly appealing to professional traders.

BingX Futures Fee Schedule

Perpetual futures fees on BingX follow a tiered structure based on 30-day trading volume and asset holdings. At VIP 0, traders with volumes below $10,000,000 and assets under $50,000 incur a maker fee of 0.0200% and a taker fee of 0.0500%.

BingX's trading fees decrease significantly at higher VIP tiers. VIP 5 traders, holding assets over $3,000,000 and surpassing $200,000,000 in trading volume, pay just 0.0060% maker and 0.0300% taker fees. The most competitive rates are at Supreme VIP, offering 0.0000% maker and 0.0280% taker fees.

BingX Regulation & Licensing Explained

BingX holds regulatory approval from FSIC (Lithuania) and claims to have an MSB license from FinCEN (USA), though independent verification wasn't possible.

Where is BingX Available?

BingX operates in over 150 countries but restricts access in some regions due to regulatory requirements. Currently, users from the United States (including territories), Mainland China, Hong Kong SAR, Macau SAR, Singapore, Canada, the Netherlands, and the United Kingdom cannot use BingX.

The platform supports multiple languages such as English, Chinese, Japanese, Korean, Russian, Spanish, French, German, Portuguese, and Turkish. Users should regularly check BingX’s User Agreement for updates on restricted regions.

Is BingX Safe and Legit?

BingX protects user assets through rigorous security protocols. The exchange undergoes regular audits by CertiK, a leading blockchain security firm, and publishes Proof-of-Reserves verified by Mazars, confirming complete backing of customer holdings.

Users can enhance account protection through two-factor authentication (2FA) and strong, unique passwords. While absolute immunity from cyber threats isn't possible, BingX’s proactive measures significantly strengthen platform security.