BingX

The BEST CRYPTO EXCHANGE? 7 Points You SHOULD KNOW

Main Features

Allows you to trade Cryptocurrencies, Indices, Commodities and FOREX from the same platform
Maximum Leverage: 1:150
It allows trading from very low amounts (6 usd minimum order)
Trading in Spot, Standard Futures and Perpetual Futures
Unlimited Demo account without expiration to practice without assuming any risk with real money (link to create a free demo account)
Tradingview embedded in the platform, which allows technical analysis to be done in a simple way
Top 3 in the CoinMarketcap ranking for Derivatives Exchanges according to volume traded
511 assets available
Launch in May 2018
Maker Commissions: 0.02%
Taker Commissions: 0.04%
No KYC Required
You can buy Cryptocurrencies with P2P trading, bank deposit, credit and debit cards

Trading on BingX Exchange

Stop Loss and Take Profit, tools that allow risk management
Isolated Margin and Crossed Margin, different ways of managing free margin, with Isolated Margin being the lower risk option of the two
Possibility of graphing and performing Technical Analysis of the different assets using the Tradingview platform embedded in BingX; being able to add indicators, oscillators, mark trend lines, Fibonacci, etc.
At the bottom, it shows open positions, trading history and orders pending execution
In Bing X you can speculate up or down using Long or Short orders from the Standard Futures section
2 Types of Orders: Market Order (which buys you at the price the asset is quoted at that time) and Activation Order (which allows you to place an active order at a defined price, which will be executed only if the asset price reaches at the price defined in the order)
At all times you can monitor the order book, the settlement price and the accumulated profit/loss, very important variables when trading

Copy Trading on BingX

The BingX Exchange enabled the Copy Trade function, which allows users to copy the operations of other traders on the platform, benefiting or losing automatically according to the returns that the trader obtains.

You have to be very clear that there are NO guaranteed returns and you can lose all the capital if the trader does badly in his operations.

The platform allows you to limit the maximum loss with a Stop Loss and you can build a diversified portfolio of several traders to distribute the risk and not leave your capital adrift from a single trader.

In the video on the right we explain in detail how it works, showing an example of selection and how to understand the statistics of each trader in order to choose a trader with a higher probability of success.

You can filter traders according to the following characteristics:

Comprehensive
Classification
Account Assets
Copiers
30D ROI (Return of the last 30 days)
Loss and Accumulated Gain
Accumulated earnings
Risk
Win rate

In turn, you can choose traders who trade in a particular cryptocurrency such as Bitcoin or Ethereum, also in what type of market you operate:

BingX Standard Futures
BingX Perpetual Futures
Binance Contract (you can choose traders that operate on Binance)

Always trade with money that you are willing to lose when you copy another trader!

Some basic criteria that can be used to filter the best traders are:

High P&L Ratio (Profit vs Losses), an indicator that measures how much you win in good trades vs how much you lose in bad trades
High Win Ratio (greater than 70%), measures the number of positive vs negative trades
Low Average Losses
Low risk
High number of copiers
Accumulated PnL growing consistently over time
That the copiers have accumulated profits
That the trader has a high capital invested in the platform

Trading Perpetual Futures on BingX

For more advanced/professional traders, there is the possibility to trade the Perpetual Futures part of USDT.

This platform has more advanced options such as averaging purchase prices of various operations, various types of orders (limits, market), defining risk management tools such as Stop Loss or Take Profit.

You can use leverage and operate in both directions (short or long), define isolated or crossed margin, follow open trades, the liquidation price, do technical analysis with the tools that Tradingview offers you such as indicators, oscillators, trend lines, Fibonacci etc

BingX Grid Trading

Bing X enabled various Grid Trading Robots that allow you to auto trade both in the Futures markets and in Spot Cryptocurrencies.

They also recently added a new bot called Spot Infinity Grid that is dedicated to continuous arbitrage with no maximum limits.

Spot Grid: The bot automatically buys low (near support) and sells high (near resistance), taking advantage of every move in a volatile market. It is the lowest risk bot since it does not use leverage.
Grid Futures: Apply leverage to amplify margins and profits (or losses)
It is very important to clarify that bots are extremely risky and that profits are not guaranteed, and may cause you to lose all your capital!

Bots work best in sideways markets but not in trending (up or down) markets. You can define the parameters of the grid (values that you want the bot to work on) or you can use the default bot with the parameters that someone previously defined.

Always trade with money that you are willing to lose when using a bot!

Over 100,000 BingX users already use trading bots within the platform.

Deposit and Withdraw Money on BingX

There are mainly 4 ways to deposit money into BingX:

Credit or Debit Cards: Visa, Mastercard, Maestro with various providers that process payments (AdvCash, Banxa, MoonPay). Review the commission that is usually high from 4 or 5%. It is the most expensive but most practical method.
Deposit from another Exchange (Binance, OKX, Bitget, Bybit, FTX, etc). Important not to make mistakes when copying the hash (wallet address), since you will lose all the cryptocurrencies. It is also key to understand which networks accept both platforms, since if you make a mistake in this step, you will lose all the Cryptos! Example, both Exchanges must support the Ethereum network in order to use the ERC-20 network.
Bank Transfer from your local bank (this alternative is only available in specific countries.
New P2P Trading: BingX incorporated the possibility of a P2P market that allows you to deposit from multiple fintechs, banks and digital platforms such as: Wise, Zelle, Advcash, Payeer, Airtm, CashApp, Revolut, Payoneer and more.

💲💲 BINGX FEES Explained 💵

Platform Comparison (BingX vs Binance)

Commissions: Both Exchanges charge you the same commissions (0.02% for Maker – Limits orders and 0.04% for Taker – Market orders)
BingX has the third position in the CoinMarketcap ranking for Derivatives Exchanges according to volume traded while Binance is in position 1.
Creation Date: May 2018 (BingX) vs July 2017 (Binance)
KYC Identity Verification Required? : BingX does not have mandatory KYC while Binance requires KYC in order to use the platform.
Number of Cryptocurrencies Available: 511 on BingX vs 386 on Binance
Copy Trade: BingX has the Copy Trading function vs. Binance is not available.
Platform usability: the Bingx platform has less functionality, which is why, for many users, it is easier to understand and use than Binance, which offers a very complete ecosystem but difficult to understand if you are a beginner.
NFTs and Crypto Card: Binance is the clear winner in this area since Bing x does not offer these products at the moment.

Step by Step to Create an Account in BingX

Step 1: Enter the Link: https://bingx.com/es-es/invite/VRPMPA/

Step 2: Complete Mail and Password

Ready to Start!

🔐 Is BINGX Reliable? (Bingx PROOF of RESERVES) Is BingX safe to Trade Crypto?

Frequently Asked Questions about BingX

What is BingX?

BingX is a Cryptocurrency Exchange that allows you to buy Cryptos in the Spot market or trade standard or perpetual futures. It is among the top 10 in volume traded for derivatives, it was founded in May 2018, it has 511 available markets and the lowest commissions in the market (0.02% Taker and 0.04% Maker). It has free Grid Trading Bots and the ability to copy other traders. (link)

How Secure is BingX? / Is BingX Trustworthy?

BingX allows you to add tools to improve account security through 2FA (using Google Authenticator). It has been in the market for several years, receives more than 8 million views per month on its website and is among the top 10 world exchanges. This does not mean that cryptocurrency exchanges are not regulated by any entity, there is no insurance for the funds deposited (as there is in banks in developed countries such as the US, Great Britain or Switzerland), so if the Exchange is hacked , goes bankrupt or has a problem, you could lose all your money. It is best to always store your long-term cryptocurrencies in a personal Wallet. (link)

How to buy Crypto on BingX?

You can buy USDT, Bitcoin or Ethereum using your Mastercard, Visa or Maestro credit or debit card using a payment processor such as (AdvCash, Banxa, MoonPay) that is on the BingX website in the “Buy Crypto” tab. You can also use the P2P Trading that allows you to deposit from multiple fintechs, banks and digital platforms such as: Wise, Zelle, Advcash, Payeer, Airtm, CashApp, Revolut, Payoneer and more. Or you can make a Bank Transfer from your bank. (link)

What is the BingX coin?

BingX does not have its own token as it happens with other cases such as Binance that has BNB, FTX that has FTT or Bitget that has BGB. (link)

What you can trade on BingX?

In BingX you can operate / trade Cryptocurrencies, Indices, Commodities and FOREX from the same platform (something not common in other Crypto Exchanges that only let you trade Cryptocurrencies. It has 68 markets available for futures trading and 511 Cryptocurrencies that you can buy in the spot market (where you actually buy the crypto and not speculate on a future contract). (link)

How to withdraw money from BingX?

To withdraw money from BingX you have to:

Go to your wallet
Click on “My Funds”
Select the cryptocurrency you want to withdraw (“Withdraw” button)
Paste the address (hash) of the Exchange / Wallet where you want to withdraw your funds to. (verify that it is perfect, since an error in a character will cause you to lose your cryptos!)
Choose the network (network) through which you want to send your cryptocurrencies (pay attention at this point, both platforms must have that network available so that you do not lose the cryptocurrencies along the way). Each network has a different hash! (link)

How much does BingX charge as a Fee?

BingX commissions are:

0.02% on Taker orders (Limit Price Orders)
0.04% on Maker orders (Market Price Orders)

In case you want to create a BingX account and have various welcome bonuses, you can use the following link: https://bingx.com/es-es/invite/VRPMPA/

How to fund BingX from Binance?

In order to withdraw from Binance, you have to follow the following steps:

Go to your Spot Wallet on Binance
Choose the Cryptocurrency you want to withdraw
Choose the network through which you want to send your cryptocurrencies to BingX
Go to your Bingx wallet (My Funds -> Deposit), copy the hash (address) for the cryptocurrency and network you have chosen
Paste the hash and choose the network in the withdrawal part of Binance
Done! The cryptos will be transferred from Binance to BingX in a few minutes (link)

How to open a BingX account?

Click on the Link: https://bingx.com/es-es/invite/VRPMPA/
Complete the fields with your email and password
Done! Your BingX account is open

How does BingX Grid trading work?

BingX Grid Trading is a Grid Bot that works automatically based on predefined parameters (or that you can modify if you want). The fundamentals of grid bots are based on buying at support (when the price falls) and selling at resistance (when the price rises) taking advantage of market movements.

Bots work best in sideways zones but not in trend zones (bullish/bearish). The profits are not guaranteed and you can lose all the capital!

There are 3 types of Bots:

Spot Grid: The bot automatically buys low (near support) and sells high (near resistance), taking advantage of every move in a volatile market. It is the lowest risk bot since it does not use leverage.
Grid Futures: Apply leverage to amplify margins and profits (or losses)
Spot Infinity Grid that is dedicated to carry out continuous arbitrations without maximum limit.

We created a video for the YouTube channel where we talk about this particular topic: https://youtu.be/b-mGcRbTJy8

In case you want to create a BingX account and have various welcome bonuses, you can use the following link: https://bingx.com/es-es/invite/VRPMPA/

How to transfer USDT from BingX to Binance?

In order to transfer / withdraw from BingX to Binance, you have to follow the following steps:

Go to your Spot Wallet on Binance
Choose USDT as currency to deposit
Choose the network through which you want to send your cryptocurrencies from BingX to Binance
Copy the Binance hash (address) for the network you have chosen (pay attention at this point, both platforms must have that network available so that you do not lose the cryptocurrencies along the way). Each network has a different hash!
Go to your wallet in BingX, part of “My Funds”, choose USDT, “Deposit”
Paste the hash (copied from Binance) and choose the network (the same one you chose in Binance) (verify that it is perfect, since an error in one character will cause you to lose your cryptos!)
Done! USDT will be transferred from BingX to Binance in a few minutes

In case you want to create a BingX account and have various welcome bonuses, you can use the following link: https://bingx.com/es-es/invite/VRPMPA/

How to fund / deposit money in BingX?

There are mainly 4 ways to deposit money into BingX:

Credit or Debit Cards: Visa, Mastercard, Maestro with various providers that process payments (AdvCash, Banxa, MoonPay). Review the commission that is usually high from 4 or 5%. It is the most expensive but most practical method.
Deposit from another Exchange (Binance, OKX, Bitget, Bybit, FTX, etc). Important not to make mistakes when copying the hash (wallet address), since you will lose all the cryptocurrencies. It is also key to understand which networks accept both platforms, since if you make a mistake in this step, you will lose all the Cryptos! Example, both Exchanges must support the Ethereum network in order to use the ERC-20 network.
Bank Transfer from your local bank (this alternative is only available in specific countries.
New P2P Trading: BingX incorporated the possibility of a P2P market that allows you to deposit from multiple fintechs, banks and digital platforms such as: Wise, Zelle, Advcash, Payeer, Airtm, CashApp, Revolut, Payoneer and more.

In case you want to create a BingX account and have various welcome bonuses, you can use the following link: https://bingx.com/es-es/invite/VRPMPA/

Watch the Full Review:

* We may receive payment when you click on a link to a partner site.