BingX vs Bitbuy

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

BingX3.3/5
VS
Bitbuy4.0/5
Feature
Ratings
Our score3.3/54.0/5
User ratingNo reviews yetNo reviews yet
Fees3.53.5
Security & trust2.54.5
Asset selection4.53.5
Ease of use3.54.0
Support3.04.0
Specs
MarketsSpot, Futures, Copy tradingSpot, OTC
Maker fee0.02%Not disclosed
Taker fee0.05%Not disclosed
Coins listed59945
Fiat deposit methodsNot disclosedBank transfer
KYC requiredNot disclosed Yes
Accepts US customersNot disclosed No
Proof of reserves YesNot disclosed
Staking / earn Yes Yes
Mobile app Yes Yes
Licenses & registrationsAUSTRAC registration, Australia, FSC Mauritius license for CFD services, Mauritius, MiCAR license, EuropeOSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSB
Security featuresMerkle Tree proof of reserves, Shield Fund, Futures insurance fundCold Storage, Custodial Insurance, CIPF Protection
Futures & perpetuals Yes No
Copy trading Yes No
P2P market Yes No
Earn / savings products Yes Yes
User protection fund Yes Yes
Referral program Yes Yes
Company
Founded20182016
HeadquartersBritish Virgin IslandsCanada
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • 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
  • Operates under CIRO member dealer status registered with the OSC and CSA
  • Cash balances covered up to $1M CAD per account by CIPF
  • Digital assets stored 1:1 in cold storage with insured custodians
  • Instant CAD deposits and withdrawals supported through Interac e-Transfer
Cons
  • 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
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
Best forMulti-asset market traders, Copy-trading users, Perpetual-futures tradersCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheets

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