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3.3/ 5
Our score
Fair
Maker fee
0.02%
Taker fee
0.05%
Coins listed
599
Proof of reserves
Yes
What is BingX?
BingX is a centralized exchange for cryptocurrency spot trading, perpetual futures, copy trading and traditional-market products. Founded in 2018, it now combines crypto markets with stocks, indices, commodities and forex. Traditional-market trading reached 50% of platform volume in the first quarter of 2026, according to BingX.
Products and operation
The platform lists 599 coins and 621 trading pairs. Its derivatives range includes USDⓢ-M, Coin-M and USDC-M perpetual futures. Copy trading lets users replicate trades from other platform participants, while Spot Bots automate selected spot strategies. BingX also offers BingX AI, AI Claw and AI Skills Hub tools. The exchange reports more than 5 million BingX AI users and over 57 million queries resolved in the first quarter of 2026.
BingX is a custodial exchange, so deposited assets remain exposed to the platform and its wallet infrastructure. It publishes Merkle Tree proof-of-reserves reports for selected assets and allows users to check whether their balances appear in the reserve calculation. The platform also offers Earn, loans, dual investment and BXUSD products.
Fees and access
Spot trading fees are listed at 0.1%. Perpetual futures fees are 0.02% for makers and 0.05% for takers, with discounted rates for VIP clients. Withdrawal charges and payment-method costs can also vary.
BingX operates across more than 100 countries and requires account and product access to follow local rules. Certain group entities have AUSTRAC registration in Australia, while an FSC Mauritius license covers CFD services. BingX EU announced a MiCAR license for regulated European crypto services on October 16, 2026. The main global operator is registered in Panama.
Track record and security
BingX says it serves more than 40 million users. In April 2026, it reported more than 100 traditional assets and said TradFi represented 50% of total trading volume during the first quarter. The company announced its multi-asset platform direction in September 2026.
In September 2024, attackers stole approximately $44.7 million from BingX hot wallets across Ethereum, BNB Chain and Polygon. BingX later restored deposits and withdrawals on most chains after recovering more than 700 tokens. The incident remains a material custody risk. A Shield Fund valued above $150 million and a futures insurance fund are also reported.
Main limitations
Futures and other leveraged products can magnify losses. Copy trading carries its own risk because another trader's past results do not predict future performance. Users also face counterparty exposure and regional restrictions. Asset availability can change, and withdrawals may be interrupted. BingX delisted five perpetual-futures markets on October 16, 2026, while changing trading hours for some traditional assets.
Best for:Multi-asset market tradersCopy-trading usersPerpetual-futures tradersSpot traders seeking broad listings
Pros and cons
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
- AUSTRAC registration for certain group entities
- MiCAR license announced for BingX EU
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
- Five perpetual-futures markets were delisted on October 16, 2026
Our review
3.3/5
Fair
BingX combines spot, derivatives, copy trading and traditional-asset markets, but its 2024 hot-wallet breach and mixed licensing structure raise custody and regulatory concerns.
BingX is a centralized exchange founded in 2018 that combines cryptocurrency markets with perpetual futures, copy trading and traditional-asset products. The platform reported more than 100 stocks, indices, commodities and forex assets in Q1 2026, while spot and perpetual futures cover the main crypto trading formats. It also offers automated spot tools and AI products.
Trading costs are listed at 0.1% for spot trading and 0.02% for perpetual-futures makers and 0.05% for takers, with discounted VIP rates.
The exchange listed 599 coins and 621 pairs currently, and supports activity across Bitcoin, BNB Chain, Tron, Solana, Ethereum, TON, XRPL and Arbitrum. Markets change: BingX delisted five perpetual-futures contracts on October 16, 2026. The platform reports more than 40 million users, and BingX AI had more than 5 million users and resolved over 57 million queries in Q1 2026.
BingX publishes Merkle Tree proof-of-reserves reports for selected assets and says reserve ratios are 100%; it also reports a Shield Fund valued above $150 million and a futures insurance fund. Those measures address transparency and some loss scenarios, but they do not remove exchange custody risk. In September 2024, attackers stole approximately $44.7 million from hot wallets. Deposits and withdrawals were later restored on most chains after more than 700 tokens were recovered.
Regulatory coverage is split across entities. Certain group companies have AUSTRAC registration and an FSC Mauritius licence for CFD services, while BingX EU announced a MiCAR licence on October 16, 2026. The main global operator is registered in Panama.
Specs
| Markets | Spot, Futures, Copy trading · unverified |
|---|---|
| Maker fee | 0.02% · unverified |
| Taker fee | 0.05% · unverified |
| Coins listed | 599 · unverified |
| Proof of reserves | Yes · unverified |
| Staking / earn | Yes · unverified |
| Mobile app | Yes · unverified |
| Licenses & registrations | AUSTRAC registration, Australia, FSC Mauritius license for CFD services, Mauritius, MiCAR license, Europe · unverified |
| Security features | Merkle Tree proof of reserves, Shield Fund, Futures insurance fund · unverified |
| Futures & perpetuals | Yes · unverified |
| Copy trading | Yes · unverified |
| P2P market | Yes · unverified |
| Earn / savings products | Yes · unverified |
| User protection fund | Yes · unverified |
| Referral program | Yes · unverified |
Not disclosed by the provider: Fiat deposit methods, KYC required, Accepts US customers, Max leverage (x).
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Spot trading
BingX lists 599 coins and 621 trading pairs, with reported spot trading fees of 0.1%.
Perpetual futures
USDⓢ-M, Coin-M and USDC-M perpetual futures are available, with maker fees of 0.02% and taker fees of 0.05%.
Copy trading
Users can replicate trades from other platform participants across supported spot and futures services.
Traditional markets
The platform offers more than 100 stocks, indices, commodities and forex assets, according to its first-quarter 2026 report.
AI trading tools
BingX AI, AI Claw and AI Skills Hub provide trading tools and support; reported AI usage exceeded 5 million users in Q1 2026.
Proof of reserves
Merkle Tree reports cover selected assets and let users check whether their balances appear in reserve calculations.
Spot bots
Spot Bots automate selected spot trading strategies within the exchange.
Earn products
Earn, loans, dual investment and BXUSD products extend beyond the exchange's trading markets.
Inside BingX
Buy Crypto
This section covers ways to buy crypto, including guides for Bitcoin, Ethereum and Solana. BingX also lists a currency converter and crypto calculator.
Crypto Prices
The price area lists supported assets and individual market pages, including Bitcoin, Ethereum, Solana, STBL, TSLAB and ZIL.
Spot Trading
Spot Trading lets users buy and sell cryptocurrencies on the exchange. The platform also offers Spot Bots for automated spot strategies.
Perpetual Futures
Perpetual Futures supports USDⓢ-M, Coin-M and USDC-M contracts. BingX also offers perpetual futures linked to traditional assets.
Copy Trading
Copy Trading lets users replicate trades from other BingX community members across supported products. BingX warns that copied results can vary and past performance is not a reliable indicator of future results.
TradFi market
The TradFi market covers stocks, indices, commodities and forex. BingX reported more than 100 traditional assets in Q1 2026.
Earn
Earn and wealth products include Earn, loans, dual investment and BXUSD products. Availability depends on the account and jurisdiction.
BingX AI
BingX AI provides AI-powered trading tools and support, including AI Claw and AI Skills Hub. BingX reported more than 5 million AI users and over 57 million queries resolved in Q1 2026.
P2P
P2P provides a peer-to-peer trading area, and BingX separately lists a P2P Merchant Application for merchants.
TradingView
TradingView is listed as a trading-platform tool within BingX, alongside Signal Trading and other market utilities.
BingX screenshots
What users say about BingX
Users mainly praise BingX for combining crypto with stocks, commodities, and other markets on one platform, especially through USDT-based access and educational guides. Complaints focus on derivatives lacking asset ownership, leverage risk, and liquidity concerns.
Top goods
In their own words
“Its really awesome to be able to buy this directly with my usdt balance. Before, i had to go through a thousand steps to send money to an overseas broker... now I just buy a couple of apple shares right from the app and forget about it.”
“Being able to buy fractional U.S. stocks with stablecoins is convenient, especially for crypto investors looking to diversify. However, zero commission doesn't mean zero cost. Spreads, liquidity during extended trading hours, and settlement times are important factors to consider before investing.”
“Solid point on the Guaranteed SL. Slippage during high volatility has cost me a few times before, so having that exact price execution definitely improves my risk management.”
“Wow. You were just open and honest. And it worked. I've never heard such a story in the shady space known as the crypto world. Yeah they really F'ed me by dropping the KYC requirement. This past year when BTC dropped and I had an open long, I couldn't deposit more funds to pad my margin.”
“⚠️ BingX Confiscated My 6,382 USDT Profits From A Legal Limit Order! Account Frozen! (UID: [removed]) Hey everyone, I need to warn you about BingX exchange. On June 6th, I placed a legitimate Spot Limit Order at 0.000003 USDT via their official platform tools.”
“SEIZED my REAL DEPOSIT funds. Not bonus. This is theft of customer money. Account banned. #BingX #BingXScam”
Based on 200 Reddit posts and comments from the last 12 months, checked Oct 18, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used BingX? Share your experience below.
FAQ
Who founded BingX?
BingX was founded in 2018.
What are BingX trading fees?
BingX lists a 0.1% spot trading fee, a 0.02% perpetual-futures maker fee and a 0.05% perpetual-futures taker fee. VIP clients receive discounted fees.
Is BingX safe after its 2024 hack?
BingX suffered a hot-wallet breach in September 2024 in which attackers stole approximately $44.7 million in cryptocurrency. The exchange later restored deposits and withdrawals on most chains after recovering more than 700 tokens, and publishes Merkle Tree proof-of-reserves reports for selected assets.
How many coins and trading pairs does BingX support?
BingX listed 599 coins and 621 trading pairs currently. Its broader platform also offered more than 100 traditional assets across stocks, indices, commodities and forex in Q1 2026.
Does BingX offer futures and copy trading?
Yes, BingX offers USDⓢ-M, Coin-M and USDC-M perpetual futures alongside copy trading. The platform also provides spot trading, automated spot tools and traditional-asset markets.
Is BingX regulated?
Certain BingX group entities have AUSTRAC registration in Australia and an FSC Mauritius licence for CFD services, while BingX EU announced a MiCAR licence on October 16, 2026. The main global operator is registered in Panama.
Latest from BingX on X
gm. bullish on mornings like this 🐂 https://t.co/jjUUIXKw6a
Final 48 hours for SuperX Round 3 🔥
Last chance to climb the rankings across:
> Futures Volume
> Futures ROI
> Newcomer Volume
100,000 USDT up for grabs this round.
Make your move now 👇
Last chance to climb the rankings across:
> Futures Volume
> Futures ROI
> Newcomer Volume
100,000 USDT up for grabs this round.
Make your move now 👇
discuss https://t.co/1LZUdF439d
#BingXBuzz 🚨
💵 $BTC sits 38% below its $126K peak, December Fed hike odds near 70%
🟢 $ZEC leads the majors at $1,272, holding a top-10 seat by market cap
🇧🇷 Brazil's license deadline closes with only 40 crypto firms applying, a broad exit underway
🥇 Gold lingers near $3,895, a one-year low, December Fed hike bets firming
💵 $BTC sits 38% below its $126K peak, December Fed hike odds near 70%
🟢 $ZEC leads the majors at $1,272, holding a top-10 seat by market cap
🇧🇷 Brazil's license deadline closes with only 40 crypto firms applying, a broad exit underway
🥇 Gold lingers near $3,895, a one-year low, December Fed hike bets firming
Recent public posts from @BingXOfficial, shown as published. Not reviewed or endorsed by CryptoReview.
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