40 Facts About BingX

Founding and History

BingX has quickly become a notable name in the crypto world. Let's explore its origins and evolution.

1. BingX was founded in 2018 in Singapore. Initially known as Bingbon, the platform rebranded to BingX in November 2021.
2. In October 2024, BingX received the award for “Crypto Exchange of the Year” at the Blockchain Life event in Dubai. It also won awards for “Launchpad of The Year” and “Customer Service of The Year.”

Global Presence and User Base

BingX's reach extends far beyond its Singaporean roots, catering to a diverse global audience.

3. BingX operates globally, with branch offices in Canada, the EU, and Australia. This extensive reach allows it to cater to a diverse user base from over 100 countries.
4. As of 2024, BingX boasts over 10 million users worldwide, making it one of the most popular crypto exchanges globally.

Regulatory Compliance and Security

Security and compliance are paramount in the crypto world. BingX takes these aspects seriously.

5. BingX is registered as a financial service company in various jurisdictions, including Lithuania (BINGX EU UAB) and Australia (BINGX GLOBAL PTY LTD). This ensures compliance with local regulations and enhances user trust.
6. BingX prioritizes security with robust identity verification processes, including KYC (Know Your Customer) verification through Sumsub. For high-value withdrawals, users must complete KYC.
7. To further enhance security, BingX runs a bug bounty program, allowing security researchers to find and report bugs in exchange for rewards. This proactive approach has helped the platform avoid any major security breaches.
8. BingX uses two-factor authentication (2FA) to add an extra layer of security for users, ensuring that only authorized individuals can access their accounts.
9. The platform employs advanced AI technology to detect and combat cybercrime-related risks, providing an additional layer of protection for users' assets.
10. BingX maintains 100% proof-of-reserves, partnering with top cybersecurity organizations to ensure the transparency and security of user funds.
11. The platform has undergone a security audit approved by CertiK, a leading security-focused ranking platform, further validating its commitment to security.

Trading Features and Tools

BingX offers a variety of trading options and tools to cater to different trading styles and preferences.

12. One of the unique features of BingX is its copy trading option. This allows users to automatically copy the trades of professional traders, making it easier for beginners to learn and follow successful strategies.
13. BingX offers grid trading options, including spot grid and futures grid trading. These tools help users set up trading grids that fit their strategy and parameters, enhancing efficiency and profit potential.
14. BingX provides leverage options for traders, allowing them to set the price range of transactions and automatically divide assets into equal parts for buying and selling. This feature can help traders profit from market volatility.
15. The maximum leverage available on BingX is 150x, which is higher than what some competitors like Binance offer (125x).
16. BingX offers a spot trading market where users can buy and sell cryptocurrencies without leverage. This is ideal for beginners or those who prefer straightforward trading.
17. The platform also supports P2P (Peer-to-Peer) trading, allowing users to buy and sell cryptocurrencies directly with each other. However, only KYC-verified users can participate in P2P trading.
18. BingX supports derivatives trading, including perpetual futures and standard futures. Users can adjust the leverage and margin mode for each contract, providing flexibility in trading strategies.
19. The platform offers automated bot trading techniques, such as grid bot trading, which helps users set up automated trading strategies with ease.

Fees and VIP Program

BingX's fee structure and VIP program offer competitive advantages for active traders.

20. BingX’s trading fees are competitive and start at 0.1% for both makers and takers. VIP members can enjoy lower fees based on their trading volume or asset holdings.
21. The VIP program on BingX offers exclusive benefits, including lower fees, faster withdrawal times, and 24/7 customer support. VIP members also receive exclusive branded gifts and up to 60% rebate on certain transactions.

Customer Support and Language Options

BingX ensures that users have access to support and resources in their preferred language.

22. BingX is renowned for its award-winning customer support, available 24/7 via email, live chat on the website, and social media platforms like Telegram and Twitter.
23. The platform offers a wide selection of languages for users, including English, French, Italian, Vietnamese, and many more. Users can easily switch languages by clicking the globe icon in the top-right corner of the website.

Educational Resources and Rewards

BingX provides educational resources and rewards to enhance the user experience.

24. BingX allows users to choose their preferred currency for trading, making the process more convenient and eliminating the need for third-party currency conversion tools.
25. The platform provides educational resources through BingX Academy, which offers guides and tutorials to help users navigate the world of crypto trading. This resource is invaluable for both beginners and experienced traders.
26. BingX Rewards Hubs offer various bonuses and rewards to users. New users can claim a welcome bonus during their first deposit, which can be up to 5000 USDT. Additionally, users can earn bonus crypto by referring friends to the platform.
27. BingX has an affiliate program that allows users to earn benefits such as exclusive backend access, faster withdrawal times, lower fees, and more. Users can apply for the program for free and enjoy these perks if accepted.

Partnerships and Trading Volume

BingX's strategic partnerships and impressive trading volume highlight its market presence.

28. BingX has partnered with Chelsea FC, making it an official crypto exchange partner. This partnership further solidifies the platform's reputation and appeal to a broader audience.
29. As of October 2023, BingX’s daily trading volume exceeded 640 million dollars, demonstrating its significant presence in the crypto market.

Asset Selection and Withdrawal Fees

BingX offers a wide range of assets and competitive withdrawal fees.

30. BingX offers an impressive selection of over 750 cryptocurrencies, including mainstream currencies like Bitcoin and Ethereum, as well as a vast array of altcoins.
31. BingX offers one of the lowest fees for USDT withdrawals, as low as 0.3 USDT on certain blockchains, making it an attractive option for users looking to minimize their transaction costs.

Registration and Verification

BingX makes it easy for users to get started while offering robust verification options for those who need them.

32. Although BingX is known for its robust KYC processes, it also offers a non-KYC option for users who prefer not to undergo identity verification. However, high-value withdrawals require KYC verification.
33. The registration process on BingX is straightforward and takes only a couple of minutes. Users can authorize on the website or application using their data, but it is crucial to specify true information to avoid issues with large withdrawals.
34. Verification is optional on BingX, allowing users to start trading without identity verification. However, users planning to earn large profits and withdraw significant amounts should verify their identity in advance.

User Experience and Advanced Tools

BingX focuses on providing a user-friendly experience with advanced tools for seasoned traders.

35. BingX is designed with a user-friendly interface, making it easy for both newcomers and seasoned traders to navigate the platform. The intuitive design ensures a smooth trading experience.
36. For in-depth traders, BingX offers advanced trading tools that provide detailed graphs and various filters for technical analysis. This feature is particularly useful for traders who like to dive into the analysis of each trade.

Passive Income and Transparency

BingX offers options for passive income and emphasizes transparency in its operations.

37. While the options for passive income on BingX are not extensive, users can still explore various services such as the Wealth service, which allows users to receive a percentage income from their assets not involved in trading.
38. BingX emphasizes transparency by publishing data twice a month. This openness helps build trust among users and ensures that all information is available for scrutiny.

Reserve Fund and Growing Popularity

BingX ensures the security of user funds and continues to grow in popularity.

39. BingX guarantees that clients' funds are 100% supported by a reserve fund. This assurance provides peace of mind for users, knowing that their assets are secure.
40. BingX has gained significant popularity, especially among users from CIS countries, following the tightening of sanctions restrictions on Binance. This shift has led many traders to continue their activities on the BingX platform.

BingX: A Solid Choice for Crypto Enthusiasts

BingX has quickly become a go-to platform for crypto traders since its start in 2018. With over 10 million users worldwide, this Singapore-based exchange offers a wide range of features like copy trading, grid trading, and leverage options up to 150x. Security is top-notch, with 2FA authentication, AI-driven cybersecurity, and a bug bounty program. The platform's proof-of-reserves and security audits ensure user funds are safe. BingX also shines in customer support, available 24/7, and offers educational resources through BingX Academy. With competitive trading fees, a VIP program, and partnerships like the one with Chelsea FC, BingX stands out as a reliable and innovative choice. Whether you're a beginner or a seasoned trader, BingX provides the tools and security needed to trade confidently.