Bing X Review: Is This The Ultimate Tech Gadget For The Future?

In the ever-evolving landscape of technology, staying up-to-date with the latest gadgets and innovations is crucial. When it comes to cutting-edge devices, the Bing X has generated quite a buzz. Whether you’re an avid tech enthusiast or simply in search of a new device to enhance your daily life, our comprehensive Bing X review is here to provide you with all the essential insights and information you need. 

Join us as we delve deep into the features, performance, and overall user experience of the Bing X, helping you make an informed decision before considering this exciting addition to your tech arsenal.

Table of Contents

BingX Futures & Margin Product Offerings

Introduction to Margin Trading

bing x review

Margin trading, also known as leveraged trading, is a financial strategy that empowers traders to open positions larger than their available capital by borrowing funds from the exchange. Leverage, expressed as a ratio like 1:5, 1:10, or 1:20, plays a pivotal role in this practice.

For instance, on BingX, a 1:10 leverage allows traders to initiate positions that are ten times the size of their deposited capital. With just $1,000, a trader can execute trades worth $10,000 using 10x leverage.

Advantages and Disadvantages of Margin Trading


We have some advantages of Margin Trading:

  • Margin trading offers traders the enticing opportunity to magnify their profits significantly. By investing a relatively small capital amount, they can assume much larger positions and potentially yield substantial returns on successful trades.
  • Another advantage of margin trading is the ability to profit from bearish market conditions by short-selling cryptocurrencies, all without the need to own the crypto assets.
  • Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), Dogecoin (DOGE), Binance Coin (BNB), and various other popular altcoins are readily available for Margin trading.
  • Clients have the opportunity to engage in spot market trading, allowing them to benefit from conversions and grid trading strategies. Additionally, the exchange presents passive income avenues through its social trading platform.
  • BingX boasts some of the most competitive fees in the market, with the average daily spread averaging at just 0.04%.
  • The mobile app, designed for user simplicity and ease of use, features a trading platform built on the acclaimed TradingView interface.
  • The company holds official registrations in the United States, Canada, Australia, and the European Union (specifically, Estonia), providing a trustworthy foundation for its operations.
  • Dedicated customer support operates efficiently and is accessible round the clock, ensuring prompt assistance for traders whenever needed.


BingX does have its drawbacks, which include:

bing x review
  • Absence of Leverage for Spot Trading: BingX does not provide leverage options for spot trading, requiring traders to solely rely on their capital.
  • Higher Withdrawal Fees for Some Coins: While BingX maintains low trading fees, certain withdrawal fees, such as the 20 USDT fee for USDT-ERC20 withdrawals, may be considered relatively high by some users.
  • Limited Customer Support Channels: Although customer support is accessible through email and live chat, BingX lacks a call center, which could be a preferred communication method for some traders.

Risks Associated with Margin Trading

While margin trading presents enticing opportunities for amplified gains, it comes with equally amplified risks. Loss-making positions have the potential to lead to a complete loss of capital if not managed prudently.

Traders must employ judicious risk management strategies, including setting stop-loss orders and avoiding excessive leverage that exceeds their financial capacity. Continuous monitoring of open margin trades is essential, particularly in the highly volatile cryptocurrency markets.

The Role of BingX in Margin Trading

BingX plays a pivotal role in the world of margin trading by offering a platform for trading popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and more, with leverage options of up to 100x.

bing x review

Committed to delivering an optimal margin trading experience, BingX boasts competitive fees, high liquidity, swift order execution, and robust risk management features, ensuring traders have the tools they need to navigate this exciting yet risk-laden domain of financial trading.

Bing X Review: BingX Order Types

Market Orders

When it comes to executing precise trades on BingX, understanding the available order types is essential. Each order type serves a unique purpose tailored to specific trading needs.

Market Orders are executed instantly at the current best market price. They are the quickest and simplest way to enter or exit a trade, but they offer limited control over the execution price. Market orders are most effective for highly liquid and stable assets, though the filled price may differ significantly from the intended price, especially in volatile crypto markets.

Limit Orders

Limit Orders, on the other hand, grant traders the ability to specify a purchase or sale price. These orders will only be executed if the market reaches or exceeds the set limit price. 

bing x review

While limit orders provide control over the execution price, they sacrifice immediate execution. Traders utilizing limit orders often aim to enter or exit positions at precise price levels, making them suitable for patient traders. Additionally, partial fills are possible if the entire order size is not available at the specified price.

Stop Orders

Stop Orders function by converting into market orders when a predetermined “stop” price is achieved. These orders are invaluable for traders who wish to automate their entries or exits based on technical indicators and chart patterns. 

To maintain control over entry prices in fast-moving markets, stop-limit orders are used for long trades, ensuring a smoother transition once the stop price is triggered.

Trailing Stop Orders

Trailing Stop Orders take a dynamic approach to trading. These orders set a stop price at a defined offset from the current market price, automatically adjusting as the market fluctuates. 

bing x review

Trailing stops are particularly useful for locking in profits during price uptrends while mitigating losses when prices decline. They offer a flexible and dynamic method for tracking the volatile nature of cryptocurrencies.

Significance of Each Order Type

In summary, each order type on BingX serves a unique purpose: market orders provide guaranteed execution speed, limit orders offer precise price control, stop orders enable automated trading based on specific price levels, and trailing stops provide dynamic profit protection during market trends. 

Mastering the art of when and how to employ these order types, depending on your trading objectives, market conditions, and asset characteristics, is fundamental to achieving success on the BingX exchange.

Bing X Review: BingX Trading Fees

Importance of Understanding Trading Fees

The significance of trading fees cannot be overstated, as they have a direct impact on the overall profitability of your trading activities. 

bing x review

Even minor discrepancies in fee structures can accumulate over time, resulting in substantial costs. Therefore, a thorough evaluation of fee schedules is crucial to formulate an optimal trading strategy tailored to your needs.

Maker-Taker Fee Model

BingX operates on a competitive Maker-Taker Fee Model that rewards market makers (makers) for providing liquidity through limit orders with rebates on their trades. 

In contrast, market takers, who utilize market orders and consume liquidity, are subject to paying fees. This approach encourages liquidity provision, contributing to narrower spreads and smoother order execution, particularly beneficial for active traders on BingX.

Tiered Fees and VIP Levels

BingX introduces a Tiered Fee Structure that adjusts fees based on your 30-day trading volume, spanning both spot and futures markets. Multiple VIP levels exist, with VIP 0 serving as the base tier and the highest tier known as Supreme VIP offering the most favorable fee rates.

bing x review

For perpetual futures trading, BingX establishes tier thresholds and corresponding maker and taker fees, ensuring that traders have the opportunity to lower their trading costs as they scale their trading activities.

VIP Level30D Trading Volume (USDT)Previous Day’s Assets (USDT)Maker FeesTaker Fees
VIP 0< 10,000,000N/A0.0200%0.0500%
VIP 1≥ 10,000,000≥ 50,0000.0140%0.0400%
VIP 2≥ 20,000,000≥ 200,000%%
VIP 3≥ 50,000,000≥ 1,000,000%%
VIP 4≥ 100,000,000 (API Trading Volume ≤ 20%)≥ 2,000,000%%
VIP 5≥ 200,000,000 (API Trading Volume ≤ 20%)≥ 3,000,000%%
Supreme VIP≥ 600,000,000(API Trading Volume ≤ 20%)N/A%%

Comparison of Spot and Futures Trading Fees

FeatureSpot TradingFuture Trading
Maker Fee0.1%0.045%
Taker Fee0.1%0.045%
Other FeesNoneSpreading fees, funding fees
LeverageUp to 10xUp to 150x

Maker fees apply to orders that contribute liquidity to the market, while taker fees are associated with orders that deplete liquidity from the market.

bing x review

Spread fees represent the variance between the bid and ask prices of a futures contract.

Funding rates are compensations or costs incurred by traders, contingent on market direction and the positions they maintain.

In general, BingX’s spot trading fees are marginally higher compared to its futures trading fees. Nevertheless, it’s essential to consider the intricacies and risks associated with futures trading when deciding which trading method aligns better with your goals and risk tolerance.

Deposit and Withdrawal Fees

At BingX, there are no fees for depositing cryptocurrencies. When it comes to withdrawals, the charges are nominal, with Bitcoin (BTC) withdrawals starting as low as 0.0003 BTC and Ethereum (ETH) withdrawals at just 0.005 ETH.

For fiat currency deposits made through bank transfers, there are no associated fees. However, it’s worth noting that withdrawals of fiat currency may incur fees. BingX extends the courtesy of covering the cost of the first three withdrawals per month for its users.

Bing X Review: BingX Trading Platform & Tools

bing x review

The Significance of an Intuitive Trading Platform

A user-friendly trading platform plays a pivotal role in enhancing the trading experience. It should offer an intuitive interface, streamlined navigation, and customizable layouts to cater to various trader preferences. Striking the right balance between robust features and unnecessary complexity is crucial.

Explore the BingX Trading Platform

BingX prioritizes user-friendliness across both desktop and mobile applications, delivering professional-grade tools designed to cater to the needs of both novice and experienced traders.

Intuitive User Interface

The BingX trading platform boasts a clean and uncluttered design, emphasizing user-friendliness. With minimal clicks, traders can easily access multiple order types, charting tools, wallets, and other essential features. 

bing x review

The platform offers full customization, including resizable module windows and a night mode option to reduce eye strain.

Advanced Charting Tools

BingX provides traders with flexible real-time candlestick charts equipped with over 50 technical indicators and various drawing tools for comprehensive market analysis. Chart templates, multiple timeframes, zooming capabilities, and annotation features empower traders to develop effective trading strategies. 

Overlaying indicators like Moving Averages, Bollinger Bands, MACD, and RSI enable pattern recognition and opportunity identification.

Seamless Mobile Trading

BingX extends its core features to iOS and Android mobile applications, ensuring traders can efficiently monitor markets, execute trades, manage positions, and perform deposits and withdrawals while on the move.

Enhanced BingX Mobile App

bing x review

The mobile trading experience on BingX is seamless, offering market scanning, price alerts, news feeds, and essential trading tools for unparalleled flexibility in trading, anytime and anywhere.

Copy Trading

BingX introduces an innovative copy trading system, enabling novice traders to automatically replicate positions opened by experienced leaders. 

This hands-free approach to trading comes with the added benefit of learning proven strategies. Traders can evaluate leader statistics and risk metrics to choose the ideal fit for their risk appetite, with customizable stop-loss and take-profit levels.

Grid Trading

Grid trading on BingX leverages automation to buy low and sell high within preset price ranges, executed by trading bots. This quantitative approach helps smooth out market volatility and amplify small gains. 

bing x review

Traders can configure their trading grids, fund their accounts, and monitor performance with ease, with the flexibility to adjust or stop grids as needed.

Practice with Demo Trading

BingX offers a risk-free demo trading environment complete with simulated accounts and virtual funds. Traders can hone their skills and test strategies on the live platform, mirroring real market movements and order execution. 

Demo accounts provide valuable experience and confidence-building opportunities, with no expiration date.

Introduction of Forex Market

Recently, BingX has introduced forex trading, enabling speculation on currency pairs such as EUR/USD, GBP/USD, USD/JPY, and more, with leverage of up to 100x. 

bing x review

Starting with spreads as low as 0.9 pips, BingX offers an additional tradable product for portfolio diversification. Forex trades against the stablecoin USDC, mitigating exposure to crypto market volatility.

Bing X Review: BingX Deposit Methods

The Importance of Streamlined Deposit Methods

Ensuring a hassle-free and dependable process for adding trading funds is paramount to maintaining customer satisfaction. BingX facilitates a range of deposit options, accommodating both crypto and fiat currency deposits through diverse methods.

Cryptocurrency Deposits

BingX simplifies cryptocurrency deposits by allowing direct transfers to the designated wallet address for each coin. This approach ensures swift deposits without the need for intermediary services. 

With support for over 20 major cryptocurrencies such as BTC, ETH, USDT, and popular altcoins, users can deposit their assets with minimal network fees. QR codes are conveniently provided for mobile wallet users.

Fiat Currency Deposits

bing x review

BingX extends multiple options for fiat currency deposits, establishing integrated partnerships in eligible countries to facilitate local currency deposit methods. These include card payments and bank transfers, all with zero fees. 

Furthermore, traders worldwide can opt for online payment systems like Advcash, PayPal, and Skrill, where deposited funds are instantaneously converted into stablecoins, enhancing accessibility and convenience.

BingX Account Types & Rewards

Account Options – Basic and Verified

BingX presents 2 distinct account types: Basic and Verified. The Basic account is readily accessible upon sign-up, requiring only an email and password for registration.

The Verified account, on the other hand, demands a comprehensive KYC verification process involving the submission of ID and address proof. Verified accounts unlock higher limits and grant exclusive privileges.

Advantages of a Verified Account

bing x review

Upgrading to a Verified account on BingX comes with several compelling advantages, including:

  • An elevated daily withdrawal limit increased from 2 BTC to 20 BTC.
  • The ability to execute withdrawals of up to 100 BTC per transaction.
  • The opportunity to earn up to 18% APY on crypto assets via BingX Safe Wallet.
  • Access to premium customer support and a dedicated account manager.
  • Eligibility for BingX Special Offers, encompassing airdrops, token listings, reduced fees, and more.
  • Enhanced status recognition for disciplined traders.

Incentives for New Users

BingX introduces an enticing rewards program designed to attract and incentivize novice traders. 

By fulfilling minimum deposit and trading volume criteria within the initial 7 days of account registration, new BingX users have the chance to earn bonuses amounting to a maximum of $5,000 in USDT trial funds.

Reward Qualification

To be eligible for the tiered rewards, new users must:

  • Enroll specifically for this promotion after its launch.
  • Refrain from making any withdrawals during the 7-day promotional period.
  • Achieve the specified deposit and volume targets within the 7-day timeframe.
  • Manually claim rewards from the promotion page before the expiration date.
bing x review

It’s important to note that rewards are non-cumulative, meaning traders will receive a bonus corresponding to the highest tier they qualify for, rather than accumulating rewards from multiple levels.

Funding Methods

Users can replenish their accounts using various methods, including:

  • On-chain cryptocurrency deposits.
  • P2P cryptocurrency trading.
  • Bank wire transfers.

Cryptocurrencies other than USDT will be valued in USDT at the prevailing rate at the time of deposit.

Trading Volume Requirements

Meeting minimum futures trading volumes is a prerequisite, encompassing both perpetual and quarterly futures contracts on BingX. The combined volumes of standard futures and perpetual futures are considered in determining eligibility.

bing x review
TierDeposit RequirementFuture Trading VolumeReward
1Any amountN/A10 USDT
2100 USDT500 USDT10 USDT trial funds
3500 USDT500 USDT20 USDT trial funds
41,000 USDT1,000 USDT50 USDT trial funds
53,000 USDT3,000 USDT120 USDT trial funds
65,000 USDT5,000 USDT200 USDT trial funds
7100,000 USDT15 million USDT5,000 USDT trial funds

Reward Distribution and Expiry

Rewards will be credited within 20 days of registering for the promotion. Users must manually claim these rewards from the promotion page before they expire.

Bing X Review: BingX Security Measures

Prioritizing Security in Cryptocurrency Trading

Security holds paramount importance in the realm of cryptocurrency exchanges, as the loss of digital assets can result in irreversible consequences. BingX is dedicated to ensuring the safety of trader funds and data through a multi-layered security approach.

The Role of Robust Security

Maintaining user trust and establishing a sustainable long-term presence in the volatile cryptocurrency industry hinges on a robust security infrastructure. 

bing x review

BingX recognizes this fundamental requirement and diligently invests in safeguarding its ecosystem.

2-Factor Authentication (2FA)

BingX mandates Two-Factor Authentication (2FA) to bolster login protection and enhance account security. Users are required to install an authenticator app, such as Google Authenticator, and validate their identity through randomly generated 2FA codes. 

Even if login credentials are compromised, 2FA ensures accounts remain secure against unauthorized access, as the app codes are only accessible on users’ devices.

Cold Storage and Multi-Signature Wallets

A significant portion of cryptocurrencies on BingX is stored offline in cold storage units, isolated from internet access to eliminate exposure to online hacking risks. 

For active trading liquidity, multi-signature wallets are employed, necessitating approvals from multiple parties to access remaining hot wallet balances.

Data Encryption

bing x review

All communication between BingX applications and servers transpires through encrypted channels, ensuring the security of data in transit. 

User account information is similarly stored in encrypted formats to prevent potential external data breaches. Strict access controls are enforced, and data is regularly anonymized and compartmentalized to minimize security risks.

Risk Management System

BingX implements an institutional-grade risk management system designed to prevent internal abuses. Safeguards such as trade surveillance, position limits, and profit and loss (P&L) caps are in place to mitigate exposure to exchange-related risks. 

Automatic risk-based account reviews, trade suspensions, and forced liquidations further safeguard against excessive losses.

Routine Security Audits

bing x review

To fortify the integrity of the BingX platform, independent external security audits are conducted at regular intervals. These audits assess vulnerabilities, test controls through simulated attacks, and offer recommendations for platform enhancements. 

The objective is to enhance the safety of trader funds and minimize security incidents, with audit reports made publicly available.

BingX Insurance Fund

As an added layer of protection, BingX maintains an insurance fund to provide compensation in exceptionally rare instances of unavoidable security incidents or system failures resulting in losses. 

The fund’s reserves are funded by a percentage of trading fees, underscoring BingX’s unwavering commitment to safeguarding user assets.

Bing X Review: BingX Customer Support

The Importance of Responsive Customer Support

bing x review

Efficient customer service plays a pivotal role in swiftly addressing trader concerns and ensuring user satisfaction. Responsive and helpful support fosters loyalty among traders, enhancing their overall experience.

A Range of Support Channels

BingX goes to great lengths to provide robust customer support through various avenues, ensuring rapid resolution of queries around the clock. These channels include:

  • 24/7 Live Chat: Enables instant messaging with knowledgeable agents.
  • Support Tickets: Facilitates email contact and creates a comprehensive documentation trail.
  • Social Media: Engages users through platforms such as Twitter, Facebook, Telegram, and more.
  • Online Help Center: Offers access to FAQs and trading guides for self-help.
  • Dedicated Account Managers: Catering to the needs of VIP traders.

24/7 Support Accessibility

BingX provides a diverse array of support channels, all of which are fully staffed 24 hours a day, 7 days a week by a team of qualified agents. There are no blackout periods, ensuring constant accessibility for users.

bing x review

Most inquiries receive prompt attention, with responses typically provided within minutes, particularly for urgent trading or account-related matters. The BingX support team is committed to delivering helpful and empathetic service to address user needs effectively.

Frequently Asked Questions

Is BingX a Legitimate Exchange?

Yes, BingX is a legitimate cryptocurrency exchange registered in the British Virgin Islands. Since its establishment in 2018, it has experienced rapid growth and has maintained a solid reputation without any major scandals to date.

Is BingX available in the USA?

No, BingX does not currently accept users or transactions originating from the United States due to ambiguous crypto regulations. Additionally, other excluded regions include Canada, Japan, North Korea, Iran, Sudan, and Crimea.

Is KYC (Know Your Customer) verification required to open a BingX account?

bing x review

KYC verification is only mandatory when upgrading from a Basic to a Verified account on BingX. This step unlocks higher account limits and exclusive benefits. Basic accounts, however, only require a valid email address.

Is trading on BingX legal?

BingX operates within the bounds of legal compliance, holding the necessary licenses for its operations. Users are responsible for ensuring that local laws in their respective regions permit trading on the BingX platform, as cryptocurrency regulations can vary significantly worldwide.


In conclusion, this Bing X review highlights the platform’s strengths and areas for consideration. BingX offers a wide range of cryptocurrency trading options, including popular assets like Bitcoin, Ethereum, and many altcoins. The platform provides opportunities for spot trading, conversions, grid trading, and passive income through its social trading platform. 

Ultimately, the decision to use BingX should align with individual trading preferences and needs. Traders must assess the platform’s offerings, fees, and features to determine if it suits their trading objectives and risk tolerance.

Leave a Comment