Overview of BingX Exchange
BingX is a Singapore-registered cryptocurrency exchange that emerged from the rebranding of Bingbon in November 2021. Originally launched in 2018, the platform has grown exponentially to serve over 5 million global users with support for 350+ cryptocurrencies.
Key Statistics (2025):
- 24hr Derivatives Volume: $11.5B (2nd largest globally after Binance)
- Product Focus: Derivatives trading with 100x leverage perpetual contracts
- Additional Offerings: Spot trading and crypto social trading network
Trading Products and Features
Derivatives Trading
BingX specializes in perpetual futures contracts for major cryptocurrencies including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Ripple (XRP)
- Dogecoin (DOGE)
- 8 other top altcoins
👉 Learn how perpetual contracts work
Spot Trading Interface
Two distinct trading views:
- Advanced View: Complete with order books and charting tools
- Convert View: Simplified swap interface for quick conversions
Fee Structure Analysis
| Fee Type | Percentage | Industry Average |
|---|---|---|
| Taker Fee | 0.05% | 0.0618% |
| Maker Fee | 0.02% | 0.02597% |
| Withdrawal Fee | 0% + network | Varies by crypto |
Key Advantage: Fees significantly below industry averages for both derivatives and withdrawals.
Social Trading Network
BingX's innovative features include:
- Copy trading functionality
- Leaderboard of top performers
- Real-time trade mirroring
- Community discussion channels
Mobile Accessibility
Available for both:
- iOS (App Store)
- Android (Google Play)
Geographic Restrictions
Important: BingX does not accept users from:
- United States
- Singapore
- Other restricted jurisdictions
👉 Find alternative exchanges for your region
FAQ Section
Q: How does BingX's affiliate program work?
A: Earn up to 60% of referral trading fees indefinitely - no 12-month limit like most exchanges.
Q: What leverage levels are available?
A: Maximum 100x on perpetual contracts (extreme risk warning advised).
Q: Are there deposit options for fiat currency?
A: No - only cryptocurrency deposits are accepted. Users must acquire crypto elsewhere first.
Q: How does the social trading feature function?
A: Users can follow, discuss with, and automatically copy trades of experienced platform traders.
Q: What makes BingX different from other derivatives exchanges?
A: Combination of low fees, high liquidity, and innovative social trading tools.
Final Verdict
BingX has established itself as a top-tier derivatives platform through:
- Competitive fee structure
- Extensive cryptocurrency support
- Unique social trading features
- Strong liquidity position
Best suited for: Intermediate-to-advanced traders seeking leveraged positions with copy trading capabilities.