BINGX 2024 REVIEW

1. BINGX

With over 10 million users globally, BingX is a leading cryptocurrency exchange. With its 2018 founding, BingX hopes to become the preferred platform for cryptocurrency novices. It offers a variety of trading alternatives, including trading in cryptocurrency, futures, and spot. Try this Bingx Referral Code

2. SAFETY

A reliable and secure cryptocurrency exchange, BingX has many licenses for trading digital assets and robust platform security measures. A globally reputable institution, Mazars, has validated 100% of the proof-of-reserves provided. It has many licenses, such as those for Money Services Business (MSB) and Digital Currency Exchange (DCE). 

3. FEATURES

• Spot Trading: Spot trading on BingX allows you to purchase and sell cryptocurrencies at the going rate on the market. For the spot market, all 700 coins are supported.
• Leverage Trading: BingX provides futures trading, where you may leverage your bitcoin trades up to 125 times.
• Review of BingX Copy Trading: With copy trading, you may automatically replicate the moves made by knowledgeable traders on the BingX exchange.
• Demo Trading with VST: One of BingX’s greatest features is the ability to practice trading without having to risk any real money.
• Grid Trading Bots: BingX grid trading bots are automated systems that search the cryptocurrency market for successful trading opportunities using grid trading tactics. 
• BingX Wealth (Earn): BingX Wealth provides a comprehensive asset management solution that enables you to generate consistent returns and earn interest on your unused cash.

4. FEES

• Fees for Spot Trading: On BingX, makers and takers pay varying fees for spot trading. Takers execute market orders to obtain liquidity, while makers issue limit orders to supply it.
• Fees for Futures Trading: BingX charges takers 0.05% and makers 0.02% per order for futures trading.
• Fees for Deposits and Withdrawals: BingX does not impose fees on deposits, however, there are costs associated with withdrawals.

5. DEPOSIT AND WITHDRAWAL METHODS

BingX offers three options for using fiat money to buy cryptocurrencies: 

• Quick Buy: This option guarantees immediate processing and makes quick purchases with bank cards like Visa and Maestro possible.
• Peer-to-peer, or P2P, trading: Directly trade cryptocurrencies with other BingX users using the Peer-to-Peer marketplace.
• Credit/debit cards: BingX now accepts Visa and Mastercard as payment methods.

6. APPROVED CURRENCIES

Many altcoins and low market cap shitcoins are among the more than 700 cryptocurrency coins and tokens that BingX accepts. Some well-known coins are as follows: 

• Bitcoin (BTC)
• Ethereum (ETH)
• Binance Coin (BNB)
• Solana (SOL)
• XRP (Ripple)
• Litecoin (LTC)

7. SUPPORTED CURRENCIES

BingX is accessible to a wide range of users, with over 10 million users across more than 100 countries and regions worldwide. It serves people from many different countries, such as those in South America, Europe, Asia, Oceania, and Australia. Additionally, it is registered with FinCEN as a Money Service Business (MSB), allowing US citizens unfettered access. 

8. RESTRICTED COUNTRIES

Access to BingX services is restricted in several countries because of things like regulatory reluctance toward cryptocurrency assets or persistent uncertainty. Among the nations that fall under restrictions are: Burundi Afghanistan, Congo, Central African Republic, China, Hong Regime, and Macau.