BingX Review

Trading Made Easy

Overview

BingX is a cryptocurrency exchange platform that has been active since November 18th, 2021. It was originally born from the rebranding of Bingbon in 2018 and so far has had no issues with its reliability.This is a derivatives exchange, meaning they focus on trading derivatives.

The platform does allow spot top crypto trading platform as well, so if that’s your preference this platform to buy cryptocurrency can still be for you. A derivative is an instrument priced based on the value of another asset (normally stocks or bonds). In the cryptocurrency world, these instruments derive their values from the prices of specific cryptocurrencies.

BingX is a crypto social top crypto trading platform network and it offers cryptocurrency spot, derivatives, and forex services. This platform to buy cryptocurrecy made its way into the market in 2018. Furthermore, BingX exchange provides commodities and other contract like top crypto trading platform products for those who wish best coin to trade or copy-trade cryptocurrencies without having any technical knowledge of economics or finance.

Is BingX Regulated?

BingX, is a crypto exchange social trading platform registered in Estonia under the Republic of ESTONIA. It has also been issued both an MSB or MoneyServiceBusiness license and AUSTRAC regulatory body as well FINCEN.

How to get started with BingX?

To start your top crypto trading platform journey with BingX, you need to register yourself and sign up for an crypto currency account. Here is a step-by-step tutorial about how the registration process works in detail:

Visit the BingX website and on the top 10 crypto exchanges right, select Log in or Register. To register, enter your mobile number/email address and an appropriate password. If you have any referral code to share with us please do so (optional). Follow this up by entering your mobile phone/ email address and a password to log in (optional). Finally, click on Register which takes you forward with an crypto currency account registration process that does not include KYC requirements.

BingX: Design and Usability

The design is a standard blue and white with an inviting font. Although these colours are how many exchanges are designed, what makes BingX different from most other best sites to buy cryptocurrency is the execution from the front page to registration.

The letters always stay big and legible – this makes it easy for users to navigate right when the site is opened. Right at the top, each of the features is clearly distinguished- from registration to perpetual swaps there’s no confusion as to which button does what on the platform to buy cryptocurrency(though some may say that more would be helpful). In terms of the general user interface every step of the way you’re guided by step-by-step instructions whether you’re registering or depositing – we go over everything in detail so you don’t miss anything!

Trading on bingx has been great thus far too with standard tradingview found across many major cheapest crypto exchange platforms (those unfamiliar with this format might not feel comfortable but anyone familiar should have no problems).

Otherwise, all you need is an email and password and can get going! If you are only using cheapest crypto exchange prices the site is completely available for use with no KYC- giving as much privacy as possible. If, however, you want to buy using fiat then there are two ways that these needs be done: through third party best sites to buy cryptocurrency(advCash or Coinify) or by filling out a form of personal information; both options require some documentation but not nearly what would be required from a traditional finance portal.

The same liquidation risks apply but will allow users quicker access than if they were dealing with larger trades – it’s worth noting though that for those who intend on performing these larger trades further authentication may still be needed in order to make sure everything goes smoothly.

To top it all off we have BingX blog which allows the user an up-close look at cryptocurrency trading company while informing them about various aspects of investing such as risk management practices etc., perfect for beginners who want understanding into how top crypto trading platform to buy cryptocurrency works before fully diving in themselves

BingX: Background and History

Along with a full-scale rebranding, BingX quickly gained the reputation of being an innovative cryptocurrency exchange. Renamed from Bingbon to BingX, this company was registered in Singapore and became popular for its copy-trading features.

BingX began in 2018, with promising protocols that it secured funding for. In 2019, the copy top crypto trading platform feature was added and has been a success in Asia. By 2020, BingX has grown rapidly by reaching high trading crypto currencies volume while also expanding into English-speaking regions like North America and Europe.

However, as of 2021, BingX is ranked 7th on CoinMarketCap by 24-hour trading crypto currencies volume while handling more than 200k orders per second! With their continued expansion of the platform to buy cryptocurrency even with how successful they are now at 10k daily users who generate 700 million dollars worth of trades

As blockchain ramped up worldwide to be followed global crypto exchange no fees with the most coin exchanges app throughout many countries including China and Russia; this allowed them to attain an MTR license which allows them to offer wide range of digital currency platforms services along with best crypto wallets and exchange fees crypto among others-allowing its growth from there too.

Achievements

BingX has created a strong position in the cryptocurrency scene over its few years of existence. It is consistently ranked at the top 10 crypto exchanges on Coinmarketcap’s list of crypto trading platforms under ‘Derivatives Exchanges’ and secured its place as, by far, the world’s largest cryptocurrency exchanges copy-trade platform on market. While other exchanges have it as an afterthought, BingX brings special care and thought into their copy-trading services making them one of the best platforms to buy cryptocurrency use when trading cheapest crypto exchange.

There is no other exchange fees crypto that can even come close to claiming overall options that BingX achieved with this feature; it’s sure to attract more users who are well versed in this type of trading crypto currency transactions which will benefit from these features both experienced traders or not; with low fees and commissions for trades you’re already getting a good crypto exchanges deal but also get some great benefits from using this platform to buy cryptocurrency over regular exchanges which only offer typical crypto features without copying someone else’s trade!

Crypto Social Trading

BingX is a social trading network that provides traders with the opportunity to connect, follow each other’s trades and copy trade them. Copy-trading has been growing in popularity over the last two years because it makes people feel like they’re part of something bigger than themselves. People enjoy feeling connected and being able to learn from others’ experiences at how their investments are performing.

Leveraged Trading

BingX offers leveraged trading to its users. They only offer perpetual (futures without expires), and no futures with expires. The maximum leverage level for their perpetrators is 100x. A word of caution might be useful for someone contemplating leveraged trading: it can lead to massive returns but also equally-massive losses as well!

For instance, let’s say that you have 100 USD in your Trading Account and you bet this amount on BTC going long (i.e., going up in Value). If BTC then increases by 10%, you would earn 10 USD; if the Leverage was set at 100x, your initial $100 position becomes a $10,000 position so instead gain an extra 1,000USD ($990 more than if there wasn’t any leverage). However, the higher the leverage used, the smaller distance from liquidation price gets which means that when bitcoin’s price changes direction(goes down) it just needs to move 2% against us before we start incurring losses because of our increased risk exposure due to too high level of leverage

Mobile Support

Many traders feel that desktops provide the most trustworthy crypto exchange comfortable top crypto trading platform conditions. The desktop displays more of the crucial information that many bases their trading decisions on at a certain time, and in general it is much easier to view charts on an increased size screen. Also, not all exchange investors require desktops for their trades-some prefer doing them via mobile phones, but they are happy to know BingX’s platform to buy cryptocurrency can also be accessed as an app for people using iPhones or Android devices.

Is BingX a safe exchange to use?

BingX hasn’t suffered security breaches that we know about, but the platform has only been in operation since 2019 so it’s hard to say what its long-term track record on security will be.The program offers a reward of up to 4,000 USDT (about $10) to anyone who finds vulnerabilities in the BingX platform.

The BingX platform to buy cryptocurrency also offers certain options for users looking for additional crypto currency account protection including setting up an crypto currency account fund password and enabling Google Authenticator 2FA (2 Factor Authentication).

Trading products

The range of trading products that BingX offers is one way they have differentiated themselves from their competition. It’s also industry veterans are familiar with. With cross margin, you can buy and trade cryptocurrency contracts by using leverage-up to 50:1 (equivalent). If a user wishes to maintain more control over his or her exposure, they could opt for an isolated margin instead. The exchange fees crypto currently has USDT-based contracts listed for more than 20 separate cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple XRP) and Litecoin LTC).

Bitcoin BTC, -2.56%
Ethereum ETH, -2.24%
XRP
ChainLink LINK, -2.44%
Litecoin LTC, -1.38%
Bitcoin Cash BCH, 1.41%
EOS EOS, -2.69%
Ethereum Classic ETC, 9.59%
TRON TRX, -1.51%
Bitcoin SV BSV, 1.17%
Cardano ADA, -3.14%
Tezos XTZ, -1.93%

This selection only covers the most trustworthy crypto exchange popular crypto exchange accepting paypal assets and will suffice for the majority of traders. However, it’s worth noting that platforms such as Binance Futures do support a wider range of crypto assets. For Bitcoin and Ethereum, there are “inverse” contracts available that allow trading with BTC margin for Bitcoin-based contracts or ETH margin when trading Ethereum based ones. There is also USDT-denominated contract availability in both cryptocurrencies as well.

BingX doesn’t stop at just cryptocurrency transactions; they offer major indices speculation like NASDAQ 100, S&P 500 DJIA Nikkei 225 – users can speculate on these by using their BingX account to trade futures on them. In addition, BingX is best crypto exchanges 2022 in the world allows you to speculate commodities like gold crude oil silver with spot prices per ounce! Forex markets are also featured offering 7 different foreign exchange pairs settled in US dollars

BingX: Features

Instant Crypto Trading

With a single click, BingX traders can easily swap one cryptocurrency for another using the Exchange option.

Advanced Trading Platform

Traders want a more advanced trading platform, and as they do so, BingX fulfils this need. It provides its traders with an easy-to-use interface that has a modern design and can be used on both mobile devices and desktops. TradingView also offers charts that include overlays for indicators such as MACD or LINERs, multiple charting tools for the trader to use in order to improve their skills in real-time.

Demo trading

Every new crypto exchange account created on the BingX platform is credited with a hundred thousand virtual-based coin exchanges app or VSD tokens. These tokens can be traded without any deposit – this demo trading helps traders get familiar with how to do leverage trades and learn more about the entire platform.

Copy Trading:

Copy trade is a new crypto trading platform option with BingX. With copy trade, you can follow the strategies of successful traders and make their profits your own. 8% of all profitable trades are given to those who shared them in order to give back some profit for sharing their strategy.

BingX: Supported Pairs

It also provides digital currency platforms and traditional markets which you can trade at high margins. Trading markets such as commodities, indices, and crypto pairs are available for viewing by the user using USDT or Bitcoin as collateral. 30+ crypto trading pairs are available to be traded on BingX through leverage.

BingX Standard Contract

Our Standard Contract allows you best coin to trade with UPTO 125x leverage on different markets. In addition, we also offer trading in crypto, NFTs, Defi (Decentralized Finance), Forex (Foreign exchange), Commodities and Indices markets. Further, still, we support Take profit and Stop loss orders- these help you properly implement your risk management strategies.

BingX Perpetual Swap

The perpetual swap is almost similar to the futures market but unlike it does not have a delivery date. Since the futures market can be very unpredictable with huge uncertainties about what will happen and bets lost from time to time, this causes uncertainty in prices which leads to great losses for traders. But because BingX’s system uses ‘fund rates’ it ensures that their contract aligns with what happens on long-term markets so there are no undesired fluctuations or surprises like those seen at times on other exchanges.

BingX Spot Trading

Spot trading allows you to buy and trade cryptocurrencies like BTC, STH, XRP for immediate delivery. The exchange coins crypto charges a small crypto exchanges margin on the transactions which take place between buyers and sellers directly. Furthermore, through staking or lending coins traders can earn passive income from their holdings too – even if they’re not active in any trades! Spot trade requires the actual holding of cash commodity which is being traded as well as profit-and-loss clearing happening when buying or selling takes place. Generally speaking, profits are made only when prices go up

BingX Copy Trade

One of BingX’s many features is its copy trading feature which allows you to observe and copy famous crypto exchanges traders. The platform lists traders according to the number of followers, their trading style, and profit rates. You can set daily limits for yourself so that there are no surprises when it comes to your investments. All the latest trades will be shown in a very transparent manner with overall statistics for every trader available on site as well.

Trading Fees

The trading fees at BingX is a best crypto exchange in the world little below the market average. Trading fees are as follows: takers pay 0.045% per order and makers to pay 0.02%.You are charged a trading fee each time you add an order. best crypto fees That’s usually a percentage of the value of the trade order, and many exchanges divide between takers and makers.

Makers get charged less than takers so they can list of crypto trading platforms their orders in what is called “maker trades.” At BingX, if you’re taking someone else’s orders from the book then your best crypto fees crypto exchanges are 0.05%. If it’s your own then it will be cheaper at just 0.02%!

According to an industry-wide report that takes into crypto exchange account contract trading averages around everywhere in 2018, global crypto exchange accepting paypal speaking those numbers were .059% for taker fees and .021% for maker fees crypto exchanges; so BingX has lower prices than others when talking about makers but higher prices when talking about takers – which as far as we know is pretty good crypto exchanges material! All things considered, this company does well on its rates

Safest crypto exchange

The cryptocurrency market is red hot, and it’s not just Bitcoin that has people scrambling to get in. Between the uncertainties of how the blockchain will be regulated, the prices fluctuations, and the volatility, here are some of safest crypto exchanges for you to use. A crypto exchange no fees with the most coin exchanges app is a website where you can buy or sell cryptocurrencies.

It’s a place that countless numbers of people flock to every best platform for crypto day trading to make trades. One needs an exchange token list to trade digital currency platforms but it can be difficult to choose which one fits your needs best. In this article we’ll take a look at some of the safest exchanges for your money.

BingX Withdrawal fees

Many may wonder what the BingX withdrawal fee is. Withdrawing bitcoins has a flat rate of 0.0005 BTC per withdrawal- which is much less than average!

Withdrawal fees are fixed and vary from crypto-to-crypto dex. If you withdraw BTC, for example, the fee is a small crypto exchanges amount of BTC since that’s what you deposited. ETH withdrawal fees crypto exchanges will be in ETH as well – it all depends on what currency was used to make the initial deposit.

The last time we did an empirical study of cryptocurrency withdrawal rates in exchanges around the world, we found that global crypto exchange accepting paypal(with exception to BingX), 0.00053 BTC was charged per every single Bitcoin withdrawn with an average cost at 0.0002BTC/ETH ($0) according to this report!

Deposit Methods

To trade here, you will need cryptocurrency to start with. BingX only takes crypto conversion as an asset class for deposit- no other assets are accepted. However, if you like BingX but don’t have any best crypto dex yet, it’s easy to make a fiat crypto exchange account at an exchange that has “fiat on-ramps” (an exchange coins crypto where you can deposit regular cash) and buy crypto conversion there before transferring it from such exchanges over to this one! Use our Exchange token list Filters page below the site header in order find platforms that accept wire transfer or credit card deposits

Pros

Offers cryptocurrency and index contracts, commodities and forex markets contracts.
Supports deposits with 4 different cryptocurrencies
Copy-trading
Excellent demo trading implementation
Super low commissions at 0.0275%
By far the world’s crypto currency rate with largest cryptocurrency exhanges copy-trading platform
No KYC needed to begin trading

Cons

The range of best crypto dex-related contracts offered by this provider is smaller than what some competitors offer.
Some of the English language help and documentation articles are not up to standard.
The platform supports the trade of select cryptocurrency pairs and transfers.

Conclusion

BingX takes great care when it comes to user experience. It is a promising exchange platform and has room for more growth in the future as they continue to make connections with other traders. Overall, I would say that this platform scores well against other exchanges and BingX does have an edge on copy trading. With good crypto exchanges design updates constantly coming out for their copy trading system, this really is one of the better exchanges out there – all around!