Table of Contents
How to Deposit Money on BingX
On BingX, you can top up in 2 ways:
- P2P Deposit (VND Fiat Currency)
- on-chain Chain
How to deposit P2P (VND fiat currency)
P2P trading is a method to buy USDT directly from verified Merchants. Here is a step-by-step guide to help you deposit safely and quickly:
Step 1: Access your BingX account and select “Buy Crypto” – “P2P Trading”
- If you don't have one, open a BingX account HERE and complete KYC identity verification to qualify for trading.
Also Read:
Video tutorial on opening a BingX account
Video tutorial for KYC verification on BingX
Step 2: On the “Buy Crypto” page, select the “P2P Trading” tab and click on the “Buy” tab
- Note, to make your P2P buying experience smoother, you can enter the “amount” of cash you want to trade and select the appropriate “payment method” in the top filter.
- XEM a list of reputable merchants, check rates and payment methods. Once you have selected the right seller, click “Buy” to start the transaction.
Step 4 : Enter the amount of cash you want to transact
- Choose to buy by VND value or USDT amount. In addition, remember to confirm the payment method you want to use. You can use the “Filter” at the top of the page to save time searching.
Step 5 : Make payment
- Note: Check the information carefully before making payment.
Step 6 : Confirm payment and check assets
- After payment, select “Paid” and wait for the seller to deliver the property.
- Click on “Assets” to check the transaction results.
Also Read: Video tutorial on buying USDT via P2P trading on BingX (Mobile)
How to deposit crypto on-chain on BingX
This is an advanced deposit method for Users who want to transfer assets from other trading platforms to BingX via the blockchain network. Not only USDT, but you can also transfer any cryptocurrencies (ETH, BTC, XRP, ...). Specifically:
Step 1 : Log in to your BingX account
For first time P2P traders on BingX, you need to complete Advanced KYC Identity Verification and set up appropriate payment method.
Also Read:
Video tutorial on opening a BingX account
Video tutorial for KYC verification on BingX
Step 2 : Access the deposit and withdrawal page
After successful login, click “Top up” button in the top right corner.
Step 3: Enter transaction information
- Select the crypto coin (USDT, BTC, ETH,…) you want to deposit.
- Select the on-chain network where the transaction takes place (BNB Smart Chain – BEP20, Ethereum – ERC20,…)
- Note: The sending and receiving networks must match.
- For example: If you want to transfer 20 USDT from another exchange to BingX using BEP20 -> You must choose the same on-chain network in both the Sender Account (from another exchange) is BEP20 and the Receiver Account (to BingX) is also BEP20 .
Step 4: Copy the on-chain address
- Click “Copy” in the Recharge Address section or scan the QR code .
- Note: Each coin and blockchain network will have its own wallet address. Please check carefully before sending to avoid losing assets.
Step 5 : Make a transaction from your wallet
- Open a personal wallet (or account at another Trading Platform).
- Then, paste the BingX on-chain deposit address into the on-chain withdrawal address section.
- Enter the amount you want to transact and press confirm.
- Note: Please make sure you have enough Gas Price for that blockchain network (BEP20 needs BNB, ERC20 needs ETH,…) in the Sender Account to complete the transaction.
Step 6 : Wait for confirmation from the blockchain network
- Processing time will depend on the blockchain network chosen, it can be from a few minutes to a few hours.
- To confirm the funds have been deposited on BingX, go to “Assets” then select “Fund Account” to check the balance.
NOTES WHEN TOPPING CRYPTO TO BingX
- Double check the blockchain network and deposit address : Before confirming the transaction, double check that the blockchain network and deposit address match. If the transfer is to the wrong network or address, your assets will be unrecoverable.
- Minimum Deposit Requirement: BingX has a minimum deposit amount for each cryptocurrency. If the deposit is below the minimum, the funds may not be credited to the account.
- Transaction Fee : BingX does not charge any deposit fees, but the blockchain network may apply transaction fees. Please ensure you have enough Gas Price for that blockchain network (BEP20 requires BNB, ERC20 requires ETH,…) in the Sender Account to complete the transaction.
Also Read: Video tutorial on Depositing Cryptocurrency on BingX
How to Withdraw Money on BingX
You can withdraw money on BingX in 3 ways:
- on-chain withdrawals
- Internal transfer
- Withdraw money from BingX to bank account
How to withdraw on-chain on BingX
Step 1 : Access BingX account, go to "Assets" and click "Withdraw"
Step 2 : Select the cryptocurrency you want to withdraw and select on-chain
Step 3 : Enter the receiving address and the corresponding blockchain network
Step 4 : Enter the amount you want to withdraw
Step 5 : Click “Withdraw” and “Confirm” payment to complete the withdrawal
Also Read: Video tutorial on withdrawing money on-chain on BingX (Mobile)
How to transfer money internally within BingX
Step 1 : Access BingX account, go to "Assets" and click "Withdraw"
Step 2 : Select the cryptocurrency you want to withdraw and select Internal Transfer
Step 3: Choose a money transfer method
- Choose one of the following methods: Email, Phone number or UID
Step 4 : Enter the amount you want to transfer
Step 5 : Click “Withdraw” and “Confirm” to complete the transaction
How to withdraw money from BingX to bank account
Let's come to the third withdrawal method: withdraw money from BingX to a bank account. This method is similar to depositing USDT via P2P transactions.
Detailed steps are as follows:
Step 1: Access BingX account and select P2P trading
Step 2: Select buyer and click “Sell” USDT
Step 3: Enter the amount you want to sell and Payment Method
Step 4: Select “Sell USDT”
Step 5 : Wait for the buyer to pay to complete the order
Frequently Asked Questions (FAQ)
- Are there any fees for deposits and withdrawals on BingX ?
No. BingX does not charge deposit fees, but you may have to pay blockchain network fees.
- How long does it take to receive crypto deposits on BingX ?
Processing time depends on the blockchain network. Typically, transactions can be completed in just a few minutes, but can take hours if the network is overloaded.
- What should I do if I deposit to the wrong address?
Cryptocurrency transactions are irreversible. If you transfer funds to the wrong address, BingX cannot help with recovery. So please double check before confirming the transaction.
- How do I check my deposit history?
You can go to “Assets” > “Fund Account” > “Deposit History” to check previous transactions.
Conclusion
Hopefully with the detailed instructions above, the deposit and withdrawal process on BingX has become simpler and easier for you. Remember to always carefully check the wallet address, network and recipient information to ensure all transactions are safe. Wish you a successful transaction!
