BingX
⭐ Trust Score: 9/10
🏆 Arbi.TEAM 10/10
📋 Basic information
📊 Trading statistics
📖 About exchange
ℹ️ BingX is an international cryptocurrency exchange founded in 2018. The platform positions itself as an "exchange for the people" with a strong focus on social trading and copy trading, making it attractive for traders of all levels, especially beginners.
🪙 Trading Products and Instruments
BingX offers diverse trading and earning formats, making it attractive to different user categories.
Spot Trading
Over 750 cryptocurrencies, 0.1% fee
Futures Trading
Leverage up to 150x
Passive Income
Copy trading, grid trading, P2P
Copy Trading: Key feature with over 17,000 professional traders
Grid Trading: Automated trading bots operating 24/7
BingX Wealth: Asset management (Shark Fin, Simple Earn)
P2P Trading: Direct fiat trading between users
🔐 Security and Support
Security is a priority for the exchange, as evidenced by its statements and partnerships.
Security Measures
- Two-factor authentication (2FA) and anti-phishing codes
- 100% Proof of Reserves: Verified asset reserves
- Insurance Fund: Partnerships with SlowMist and CertiK
- BingX Verify: Legitimacy check for support contacts
Regulation
DCE (Australia), MSB (USA and Canada), EU registration (Lithuania)
Support
24/7 support in Russian via live chat and email, no phone line
💳 Deposits and Withdrawals
The exchange provides various options for funding your account and withdrawing funds.
Verification (KYC)
Not mandatory but increases withdrawal limits to 5M USDT
Account Funding
Cards, bank transfers, Apple/Google Pay, P2P
Withdrawals
Fees depend on network (e.g., 20 USDT in ERC20, 0% in BSC)
👍 Advantages and Disadvantages
Based on the analysis of user reviews and official information, the platform's strengths and weaknesses can be highlighted.
Advantages
- ✅ Industry-leading platform for copy trading
- ✅ Low trading fees and demo account
- ✅ Simple TradingView interface for beginners
- ✅ Over 750 cryptocurrencies and diverse tools
- ✅ Official licenses in several jurisdictions
Disadvantages
- ❌ No leverage for spot trading
- ❌ High withdrawal fees in some networks
- ❌ No direct fiat withdrawals
- ❌ No telephone support
💡 Tips for Beginners
Security First
Activate 2FA and use BingX Verify to check support contacts
Study the Fees
Carefully review withdrawal fees for different networks
Complete Verification
KYC significantly increases withdrawal limits
Start with Demo Account
Practice on demo account before trading with real money
🌐 Interface & Accessibility
Interface: Multilingual (supports over 20 languages, including Russian).
🌏 Countries with Restricted Access
BingX does not provide services to residents of the following countries and regions:
Countries under complete ban:
- United States and all territories (Puerto Rico, Guam, etc.)
- Canada
- China
- United Kingdom
- Hong Kong
- Japan
- Singapore
- New Zealand
- Iran
- Cuba
- Syria
- DPRK (North Korea)
Important note: The exchange reserves the right to restrict access for users from other countries in accordance with international sanctions and changes in legislation.
💱 BingX Reliability Analysis for Arbitrage Operations
In our analysis of cryptocurrency trading platforms for arbitrage, BingX has proven to be a reliable and predictable platform. Based on practical trading experience, we have identified several key factors that make this exchange attractive for arbitrage.
Summary
BingX demonstrates a high level of reliability, speed, and cost-effectiveness, making it recommendable for conducting arbitrage trades. The exchange is an active and significant participant in our monitoring system.