Binance.US vs BingX

How Binance.US vs BingX compare on our ratings, exchange specs, funding, pros and cons.

VS
BingX3.3/5
Feature
Ratings
Our score4.1/53.3/5
User ratingNo reviews yetNo reviews yet
Fees5.03.5
Security & trust4.02.5
Asset selection4.04.5
Ease of use4.03.5
Support3.53.0
Specs
MarketsSpot, OTCSpot, Futures, Copy trading
Maker fee0%0.02%
Taker fee0.02%0.05%
Coins listed200599
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHNot disclosed
KYC required YesNot disclosed
Accepts US customers YesNot disclosed
Proof of reserves Yes Yes
Staking / earn Yes Yes
Mobile app Yes Yes
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesAUSTRAC registration, Australia, FSC Mauritius license for CFD services, Mauritius, MiCAR license, Europe
Security featuresU.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certifiedMerkle Tree proof of reserves, Shield Fund, Futures insurance fund
Futures & perpetuals No Yes
Copy trading No Yes
P2P market No Yes
Earn / savings products Yes Yes
User protection fund No Yes
Referral program Yes Yes
Company
Founded20192018
HeadquartersUnited StatesBritish Virgin Islands
InvestorsRRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1Not disclosed
Strengths and weaknesses
Pros
  • 0% maker fees across all 250+ spot trading pairs
  • Zero-fee fiat deposits and withdrawals through bank ACH transfers
  • SOC 2 Type II and ISO 27001 third-party security audits
  • Staking support across 25+ proof-of-stake cryptocurrencies
  • 599 listed coins and 621 trading pairs
  • 0.02% perpetual-futures maker fee
  • Supports spot, futures, copy trading and traditional assets
  • Merkle Tree proof-of-reserves verification
Cons
  • Unavailable to residents in 16 U.S. jurisdictions, including New York and Texas
  • ACH fiat deposits carry a mandatory 7-day withdrawal hold
  • Centralized custody model requires full trust in the exchange for fund safety
  • Mandatory KYC identity verification required before trading or depositing
  • Custodial exposure remains after the 2024 hot-wallet breach
  • Attackers stole approximately $44.7 million in September 2024
  • Perpetual futures add leverage and liquidation risk
  • Regional access and product availability vary
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsMulti-asset market traders, Copy-trading users, Perpetual-futures traders

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