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In the rapidly evolving world of digital finance, the choice of a suitable trading platform plays a crucial role in each individual's investment journey. BingX is a platform that not only provides trading services but also aims to build a community and maximize user support. Let's explore the highlights of the BingX platform.
What is BingX?
Overview
Established in 2018, BingX is one of the leading digital asset trading platforms with over 10 million global users. In its early days, BingX was known as BingBon and gained prominence for its user-friendly Copy Trading feature. In 2021, BingX officially changed its name from Bingbon to BingX, with a refreshed global brand positioning and a range of unique features and products.
Committed to providing a reliable and user-centric platform, BingX offers a diverse range of products and services, including Spot, Derivative, and Wealth Management, all designed to cater to traders of all levels.
After 6 years of development, BingX has achieved remarkable success, solidifying its position as a leading player in the cryptocurrency industry. Currently, BingX has built a community of over 10 million users across more than 100 countries and offers over 350 cryptocurrency trading pairs.
Notable Milestones
- 2018: BingX was established and obtained its operating license
- 2019: Became one of the world's first cryptocurrency trading platforms
- 2020: Expanded globally with support for over 10 languages
- 2021: Ranked 7th in 24-hour trading volume on CoinMarketCap
- 2022: Surpassed 5 million global users
- 2023: Launched a brand revitalization campaign to empower traders
- 2024: Partnered with Chelsea FC, a leading football club
Prominent Products of BingX
Copy Trading
Copy Trading on BingX
Copy Trading is the flagship feature of BingX, allowing new or inexperienced users to copy the trading strategies of professional traders.
- Benefits:
- Saves time on market research.
- Minimizes risk by following experienced traders.
- Provides opportunities to profit even without extensive technical analysis knowledge.
- How it Works:
- Users select traders from the leaderboard based on their performance and risk ratio.
- Once copied, all trading orders of the professional trader will be automatically applied to the user's account.
Also Read: Guide to Copy Trading on BingX.
Derivative Trading
BingX supports Derivative trading with a variety of popular cryptocurrency pairs such as BTC/USDT, ETH/USDT, and other financial assets.
- Features:
- Price Guarantee: Trade at a pre-set price, limiting slippage.
- Signal Trading: Integrated with TradingView. Automatically execute complex trading strategies.
- Dual-Price Mechanism: Enhances price stability during market volatility.
- Flexible Leverage: Allows USDT and Coin margin, with up to 125x leverage.
Also Read about Derivative Trading (Standard Contracts and Futures Contracts) on the BingX platform.
Spot Trading
- Diverse cryptocurrencies: List of over 700 trading pairs
- Increased value: Support marketing campaigns for core assets
- Expanded ecosystem: Integrated with over 60 public blockchain ecosystems
Guide on Spot Trading on the BingX Platform
Launchpool
BingX Launchpool was launched in July 2024, with the first project being MATR1X (MAX) – a Web3, AI, Esports and blockchain infrastructure integrated culture and entertainment platform. To date, a total of 6 Launchpool projects have been launched, including:
- MATR1X (MAX)
- Over Protocol (OVER)
- Counter Fire (CEC)
- AgentLayer (AGENT)
- Legend of Arcadia (ARCA)
- PiggyPiggy (PGC)
Also Read: What is BingX Launchpool? How to Participate in BingX Launchpool
Pre-Launchpool
Pre-Launchpool is a breakthrough product of the BingX platform, allowing you to stake cryptocurrencies and earn reward points in exchange for early access to hot tokens. These points serve as proof of entitlement, and you can later convert them into actual tokens at a certain ratio.
>> Also Read: Guide on Participating in BingX Pre-Launchpool Staking
Pre-Market
BingX Pre-Market Trading is a new trading mechanism that allows you to trade OTC new tokens before they are listed. This is an opportunity for you to buy or sell potential tokens and get ahead of the game.
>> Also Read: How to Trade on the BingX Pre-Market
Wealth BingX
Wealth BingX provides comprehensive asset management services to help you earn interest on your idle funds and generate stable returns. BingX supports mainstream cryptocurrencies such as USDT, BTC, ETH, etc. We offer two main modes: "Flexible Term" and "Fixed Term", catering to all your personalized asset management needs.
>> Also Read: Increase Profits with Spot Swing Trading Strategy Using BingX Flexible Term Wealth
Brand Partnerships
Official Partner of Chelsea
BingX officially becomes the training kit sponsor for Chelsea Football Club
BingX has made significant strides in its branding strategy through partnerships with prominent names in the sports industry. In January 2024, BingX officially became the brand partner of the renowned Chelsea Football Club, marking a crucial milestone in expanding its global influence.
Brand Collaboration with Junyong Park and Da Woon Jung.
BingX partners with UFC fighters Junyong Park and Da Woon Jung
Additionally, BingX has also collaborated with two renowned UFC fighters from South Korea, Junyong Park and Da Woon Jung. Through these partnerships, BingX not only strengthens its brand image but also creates opportunities to connect with the sports community and fans worldwide.
Guide to Using the BingX Platform
Account Registration
Here's a detailed guide:
Step 1: Access the BingX Website or App
Step 2: Select the Registration Method
On the main interface, click the Register button. You can choose to register using a Phone Number or Email
Step 3: Enter Personal Information
- For email: Enter a valid email address and create a strong password (including uppercase, lowercase, numbers, and special characters).
- For phone number: Enter your phone number, select the country code, and then enter a password.
Step 4: Verify Account
A verification code will be sent to the email or phone number you registered.
Enter the verification code in the required field to complete this step.
Step 5: Activate Account
After successful verification, your account will be activated. You can now log in and start exploring the BingX platform.
Step 6: Secure Account
Enable 2-factor authentication (2FA) via Google Authenticator to enhance account security. Update your personal information in the settings if necessary.
Deposit/Withdraw Funds
How to Deposit Funds
Step 1: Log in to your BingX account
Step 2: Select the Deposit option
On the main interface, click on the Assets (Tài sản) > Deposit (Nạp tiền) section.
Step 3: Choose the currency, coin, and network for the deposit.
Select the cryptocurrency you want to deposit, e.g., USDT, BTC, ETH, etc. The system will display the corresponding deposit wallet address.
Step 4: Perform the transaction
Copy the wallet address or use the QR code to transfer funds from your external wallet (personal wallet or other exchange) to your BingX wallet.
Note: Choose the correct network (chain) when depositing, e.g., ERC-20, TRC-20, BEP-20, etc.
Step 5: Verify the transaction
After making the transfer, wait for the system to confirm. This process usually takes a few minutes to 30 minutes depending on the network.
>> See detailed instructions How to deposit on the BingX Exchange
How to Withdraw Crypto
Step 1: Log in to your BingX account
Step 2: Select the Withdraw option
Click on the Assets section in the Menu, then select Withdraw. You can choose "On-Chain Withdrawal" or "Internal Transfer"
Step 3: Select the cryptocurrency to withdraw
Choose the currency you want to withdraw, e.g., USDT, BTC, ETH, etc. Enter the receiving wallet address and select the correct network (chain) you want to withdraw to.
Step 4: Enter the amount and confirm the transaction
Enter the amount you want to withdraw and check the transaction fee (clearly displayed in the system). Then, click "Withdraw" to complete the process.
Step 5: Wait for the transaction to be processed
After confirmation, the system will process your withdrawal request. The processing time usually takes from a few minutes to 30 minutes, depending on the blockchain network status.
Transfer Funds
To transfer funds on the BingX Exchange, you can follow these steps:
Internal transfer between BingX accounts:
- Step 1: Log in to your BingX account on the app or website.
- Step 2: Access the "Assets" section on the main interface.
- Step 3: Click the "Transfer" button.
- Step 4: In the transfer window, select:
- Source account: The account you want to transfer funds from.
- Destination account: The account you want to transfer funds to.
- Coin type: Select the cryptocurrency you want to transfer.
- Amount: Enter the amount of funds you want to transfer.
- Step 5: Click "Confirm" to complete the transfer process.
Note: Internal transfers between BingX accounts are usually executed immediately and are free of charge.
Transfer funds from BingX to another exchange (e.g., Binance):
- Step 1: Log in to your BingX account.
- Step 2: Access the "Assets" section and click the "Withdraw" button.
- Step 3: Select the cryptocurrency you want to transfer.
- Step 4: Enter the receiving wallet address on the other exchange
- Step 5: Select the appropriate network (e.g., ERC-20, TRC-20) and enter the amount of funds you want to transfer.
- Step 6: Confirm the transaction and complete any necessary security steps.
See details on Transferring Funds on the BingX Exchange
BingX is a comprehensive trading platform, suitable for both Beginners and Professional Investors, thanks to its user-friendly interface, high security, and diverse products and financial services. With dedicated support and superior features, BingX is a reliable choice to start or enhance your investment journey.
