Reviewed by Priya Shah/Updated September 2026

BingX review: is BingX legit?

Name: BingX Review
Item: BingX
Rating: 3
Author: Priya Shah

Trade Smarter, Copy Better — BingX Where Social Trading Meets Crypto

Pros

Industry-leading copy trading feature with a large pool of verified professional traders to follow, ideal for passive investors
Competitive fee structure with maker fees starting at 0.02% and taker fees at 0.05% on futures, lower than many mid-tier competitors
Broad asset selection with 700+ trading pairs and support for spot, perpetual futures, and standard futures all in one platform

Cons

Not available in the US and several other major markets, significantly limiting its global accessibility compared to top-tier exchanges
Lacks a native proof-of-reserves audit published regularly, making it harder for users to independently verify the exchange's solvency
Customer support response times can be slow during high-traffic periods, and the help documentation is less comprehensive than exchanges like Binance or Coinbase

Trust factor3.0

Overall design3.0

Deposit & withdraw3.0

Customer support3.0

What is BingX?

BingX is a global cryptocurrency exchange founded in 2018, offering spot trading, perpetual futures, standard futures, and a widely popular copy trading feature that lets users automatically mirror the strategies of experienced traders. Originally launched as a social trading platform, it has since grown into a full-featured exchange serving millions of users across over 100 countries. BingX is particularly known for bridging the gap between novice and professional traders through its intuitive interface and community-driven tools.

Security & Trust

BingX employs a multi-layered security framework that includes cold wallet storage for the majority of user funds, two-factor authentication (2FA), anti-phishing codes, and withdrawal address whitelisting to prevent unauthorized transfers. The platform also conducts regular third-party security audits and maintains a dedicated risk management system to detect suspicious activity in real time. While BingX has not suffered any major publicly disclosed hacks, it is not covered by a formal insurance fund comparable to Binance's SAFU, which is worth noting for risk-conscious users.

Features & Accessibility

BingX stands out with its copy trading ecosystem, allowing users to follow top-performing traders and replicate their positions automatically with customizable risk parameters. The exchange also offers perpetual and standard futures contracts with leverage up to 150x, a spot grid trading bot, and a sub-account system for portfolio management. Its clean, mobile-first interface and demo trading mode make it especially accessible for beginners, while professional traders benefit from advanced charting via TradingView integration and deep liquidity on major pairs.

Fees and Costs

Daily Volume

BingX consistently ranks among the top 15-20 exchanges globally by derivatives volume, with reported daily trading volume typically ranging between $2 billion and $5 billion USD depending on market conditions. Spot volume is more modest, generally in the $300 million to $800 million range per day.

Maker / Taker Fees

Spot trading fees are 0.1% for both maker and taker by default, which is standard for the industry. Futures trading is more competitive, with maker fees at 0.02% and taker fees at 0.05%. Fees can be reduced by holding or using BingX's native token (BingX Token) or by achieving higher VIP trading volume tiers, with top-tier users accessing maker fees as low as 0.00%.

Withdrawal Costs

Withdrawal fees on BingX vary by asset and network. For example, BTC withdrawals via the Bitcoin network typically incur a fee of around 0.0005 BTC, while USDT withdrawals on TRC-20 cost approximately 1 USDT and on ERC-20 around 5–10 USDT depending on network congestion. Minimum withdrawal amounts apply per asset, and the platform supports a wide range of networks to help users minimize transfer costs.

Volume Discount

BingX operates a VIP tier system with six levels based on 30-day trading volume and BingX Token holdings. Higher VIP tiers unlock progressively lower maker and taker fees on both spot and futures markets. Additionally, users who pay fees using the BingX Token receive a discount, and referral programs can further reduce effective trading costs for active community participants.

Verdict

BingX is a solid mid-tier exchange that genuinely excels in the copy trading space, making it one of the best options globally for users who want to invest passively by following experienced traders. Its competitive futures fees, wide coin selection, and beginner-friendly interface add to its appeal. However, its unavailability in the US and Canada, modest spot liquidity compared to giants like Binance or OKX, and less transparent reserve disclosures hold it back from the top tier. For traders in supported regions — especially those interested in copy trading or cost-effective futures — BingX is well worth considering, but more advanced or security-focused users may prefer a larger, more established platform.

BingX FAQ

Is BingX legit?+

We rate BingX 3.0/5 in our review. Read the full review above for the pros and cons, and always check the terms and licence details yourself before you deposit.

What is the BingX welcome offer?+

BingX currently advertises "Get Weekly & Monthly Airdrops" (+Trading Vouchers). Offers change often, so check the wagering terms on the casino's site before you claim.

Which payment methods does BingX accept?+

In our data BingX lists deposits with Bitcoin, Ethereum, Litecoin, Dogecoin, Cardano, Solana, Tron, Ripple (XRP) and more. Check the cashier for the full current list.