BingX review 2026
TL;DR
BingX is an exchange built around social trading. See what others are buying, copy the best traders, and learn from real strategies. 900+ coins, standard fees, and an official Ferrari partnership as a sign of ambition.
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What is BingX
BingX is a centralized crypto exchange founded in 2018 and registered in the British Virgin Islands. The platform's signature feature is social trading: you can see other traders' positions, subscribe to their strategies, and automatically copy trades. The exchange offers over 900 cryptocurrencies, spot and futures trading, staking, and grid bots. BingX became an official partner of the Ferrari team in several sports disciplines, raising brand awareness. The interface is available in multiple languages, with a mobile app.
Pros and cons
Pros
- +Social trading – see others' positions and copy the best
- +900+ cryptocurrencies and all the core trading tools
- +Standard futures fees (0.02% maker)
- +Built-in grid bots for automated trading
- +Official Ferrari partner – serious brand commitment
Cons
- –Lower liquidity than Binance, Bybit, or OKX
- –Social features can provoke impulsive trades
- –Fewer coins than MEXC or Gate.io
- –Less known compared to top-tier exchanges
- –No native token with fee discounts
Fees
| Type | Maker | Taker |
|---|---|---|
| Spot | 0.1% | 0.1% |
| Futures | 0.02% | 0.05% |
Withdrawal fees
Trading features
BingX offers spot trading with 900+ coins – one of the larger catalogs on the market. Futures – USDT-M perpetuals with up to 150x leverage on major pairs. Standard futures – perpetual contracts pegged to USDT. Spot fees are 0.1/0.1% – market standard. Futures fees are 0.02/0.05% – also standard. The main feature is the social feed showing other traders' open positions. Grid bots are built into the platform – setup takes a couple of minutes. For experienced traders, the feature set is standard, but the social layer makes BingX unique.
Deposits and withdrawals
Crypto deposits are free – ERC-20, TRC-20, BEP-20, Solana, Arbitrum, and other networks supported. Card deposits through third-party providers at 2–4% fee. P2P is available with local payment methods. Withdrawals: BTC – 0.0005 BTC, ETH – 0.005 ETH, USDT – 1 USDT (TRC-20) / 3.5 USDT (ERC-20). Processing speed is 10–30 minutes. Minimum deposit starts from 1 USDT. For small transfers, we recommend TRC-20 – the cheapest option.
P2P and buying with fiat
P2P exchange is available with multiple local currencies and payment methods. P2P liquidity is moderate – works for buying USDT, but the seller selection is smaller than on Bybit.
Security
BingX stores funds in cold wallets with multi-signature protection. It uses 2FA, anti-phishing codes, and address whitelisting. The exchange regularly undergoes security audits and publishes Proof of Reserves. No major hacks have occurred during its operation.
Verification (KYC)
KYC verification is mandatory for full access. Basic level: passport plus selfie. Processing takes from 10 minutes to a few hours. Without KYC, trading is available with limited withdrawal limits.
Passive income
BingX Wealth offers flexible staking with APY 1–6% on stablecoins and 2–10% on major cryptos. Fixed deposits for 7/14/30 days – slightly higher rates. Launchpad for participating in new projects – hold assets on the exchange and receive an allocation. The product range is smaller than Binance or Bybit, but sufficient for basic passive income. APY is updated regularly and depends on market conditions.
Copy trading and bots
Copy trading is BingX's main strength. The social feed shows traders' open positions in real time. Pick a trader by profitability, win rate, and subscriber count – and copy their trades automatically. You can set a loss limit and position size. Grid bots and DCA bots are built into the platform – setup takes a couple of minutes. In terms of copy trading quality, BingX is on par with Bitget and ahead of most competitors.
Mobile app
The BingX app is available on iOS and Android. App Store rating: 4.5/5, Google Play: 4.3/5. The social feed is built right into the app – view others' positions, subscribe to traders, copy trades. Full feature set: spot, futures, P2P, copy trading, bots. Multi-language interface with intuitive navigation. Push notifications for prices and copied trades. Runs smoothly with no noticeable lag.
Customer support
Support via online chat on the website and in the app (24/7). The chatbot handles typical questions. A live agent responds within 5–20 minutes – faster than many competitors. Multi-language support is available. There is a Telegram channel with news and a FAQ knowledge base. From our experience, BingX support is more responsive than HTX or Gate.io, but falls behind Bybit in resolving complex issues.
Best for
BingX is a great pick for those who want to learn trading from real examples. The social feed shows what others are buying, and copy trading lets you replicate the strategies of the best. Suited for beginner traders who are not yet ready to trade on their own.
vs Competitors
BingX vs Bitget: both are strong in copy trading, but the approach differs. BingX emphasizes the social feed and position transparency; Bitget focuses on strategy rankings and auto-copying. Bitget has the BGB token with discounts; BingX does not. BingX vs Bybit: Bybit is stronger in pure futures trading and liquidity. BingX wins with social features and a wider coin catalog (900+ vs 660+). BingX vs MEXC: MEXC offers zero maker fees and more coins (3,000+). BingX wins with copy trading and social tools – MEXC does not have those.
Referral program
BingX offers a referral program with partial commission rebates from invited users' trades. Signing up through our link unlocks bonuses for new users.
Open BingX account + get bonusFAQ
What is social trading on BingX?
It is a feed showing other traders' positions and trades in real time. You can subscribe to a trader you like and automatically copy their actions.
How is BingX different from Bybit?
BingX focuses on the social component – you can see what others are buying. Bybit excels in pure futures trading with minimal latency. Bybit is ahead in liquidity.
Is BingX available worldwide?
BingX is available in most regions. It has a multi-language interface. Check the official website for availability in your area.
Why is BingX a Ferrari partner?
The Ferrari partnership is a marketing move to boost brand awareness. It does not affect trading quality, but it speaks to the company's financial capabilities.
Does BingX have its own token?
No, BingX does not have a native token. Fee discounts depend on your VIP level, which grows with trading volume.
This article contains affiliate links. Not financial advice. Crypto is volatile – invest responsibly.