BingX is an emerging cryptocurrency exchange. That is being used and trusted by many people. Currently, BingX has been providing many outstanding features and products for investors around the world. Let’s learn and explore those outstanding features through the bingx review article below.
What is BingX?
Established in 2018, BingX stands as the preeminent cryptocurrency exchange globally. The platform offers an array of services, including spot, derivative, copy, and grid trading.
BingX secured a $10 million investment from Hong Kong-based Grand Shores (1647HK). In its 5 years of operation, BingX has become a prominent player in the cryptocurrency industry, attracting 5 million users across 100+ countries. The exchange offers over 350 cryptocurrency trading options and maintains a global presence with branches in North America, the EU, and Asia, employing over 150 people.
Putting user trust and platform transparency at the forefront, BingX pioneers as the world’s first secure and innovative encryption platform. It seamlessly connects seasoned traders with everyday users, fostering accessibility to the cryptocurrency industry and its inherent value. BingX holds licenses and registration certificates from Australia Trading Reports (AUSTRAC) and the Monetary Authority of Lithuania.
Founded by Lee, a veteran with extensive experience in traditional finance and the internet sector, BingX started its crypto journey in 2013. Driven by principles of fairness, democracy, cross-country collaboration, inclusivity, and self-motivation, Lee envisions BingX as a social trading platform, simplifying entry into the crypto trading world.
With a global presence spanning Asia, Oceania, Europe, and South America, BingX serves as a digital financial services company with reach and impact worldwide.
Restricted to specific countries, BingX’s services are unavailable to residents of the US (including all territories), Canada, mainland China (including Hong Kong and Macau), Singapore, and other restricted countries and regions.
BingX supports over 350 cryptocurrencies. And more than 600 trading pairs on its centralized exchange. Popular crypto assets on the platform encompass BTC, ETH, XRP, SOL, LTC, DOGE, among others.
BingX products
Spot Trading: BingX supports over 350 different cryptocurrencies. In addition stocks, forex, commodities and indices. BingX’s Spot trading interface is intuitive and easy to use for beginners.
Derivatives and Margin Trading: BingX offers derivatives, leveraged trading for the majority of popular tokens with leverage up to 150x.
Copy Trading: BingX allows users to copy trades from good traders around the globe.
Grid Trading: Known as grid trading, it is a tool. That automatically buys low and sells high to earn profits for traders. On BingX, you can create futures grid – future grid, spot grid – spot grid and spot infinity grid – spot infinity grid.
P2P Trading: This is BingX’s P2P trading market, allowing users to easily buy and sell tokens from trading partners licensed by OKX quickly and conveniently.
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Advantages and disadvantages of BingX
Advantage review
- Supports trading of over 350 different cryptocurrencies.
- Supports multiple platforms, including web and mobile applications.
- Spot Trading, Futures, Copy Trading and Grid Trading options are available.
- Transactions do not require KYC.
- Competitive spot delivery fee from 0.1 – 0.2%.
Disadvantage BingX Review
- Bank deposits are not supported yet.
- Withdrawal fees for cryptocurrencies. That’re higher compared to certain other exchanges.
BingX Highlights Review
- Easy to create an account, only requires email and password, no KYC required.
- Support Copy Trading, Grid Trading.
- Supports derivatives trading with leverage up to 150x.
- Impressive daily spot trading volume, up to 1.5 billion USD.
- Diverse languages. And supported more than 16 languages including English, French,…
- Allows flexible customization of currency.
- Provides advanced trading tools for users to conduct. Thorough analyses before engaging in trading.
- BingX Academy enables users to delve into various cryptocurrency topics like Metaverse, Web3, and DeFi for comprehensive learning.
- Provides benefits including exclusive backend access, faster withdrawals, lower fees, 24/7 exclusive customer support, etc.
- Transparent statistics help users easily monitor. And analyze market trends before making investment decisions.
- Our expert trading team imparts valuable knowledge to help users understand the market and make informed trading decisions.
FAQs
1. How many subaccounts can be created at most?
Each user can create up to 20 subaccounts.
2. The trading fee discount for the main account also applicable to subaccounts?
Yes. The trading fee discount for the main account. And applicable to subaccounts. The user’s VIP level will be determined by the combined cumulative trading volume of the main account and all subaccounts.
3. If a subaccount triggers forced liquidation, will it affect the main account?
No. The funds and orders of the main account and each subaccount are separated from each other. The trading risk of one account will not affect other accounts.
4. Can I receive commissions on trading fees of a subaccount created by a user I referred?
Yes. The commission data includes the trading volume and commissions from the main account and all subaccounts.
5. Do subaccounts need to do KYC verification?
No. Only the main account needs to undergo KYC verification. After the main account completes KYC, the main account and subaccounts will share the same KYC identity.
Summary BingX Review
BingX emerges as a leading force among cryptocurrency exchanges, boasting a distinguished reputation, an adept team, and stellar products. This article from Coin68 endeavors to provide you with a comprehensive understanding of BingX, encompassing its features, and guiding you through the seamless process of registration and utilization on this esteemed platform.
