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BingX Crypto Exchange Review 2025: Fees, Security & Social Trading

BingX Fee Calculator

Estimated Monthly Trading Fees

Spot Trading Fees

Regular Users: 0.1% maker / 0.1% taker

VIP Members: 0% maker / 0% taker

Futures Trading Fees

Regular Users: 0.02% maker / 0.05% taker

VIP Members: 0% maker / 0% taker

Quick Takeaways

  • BingX review: solid social‑trading tools, AI‑driven features, and low fees for active traders.
  • Spot fees are 0.1% for both makers and takers; VIP members enjoy zero fees.
  • Leverage up to 125x on futures, 150x on select contracts.
  • Security includes 95% cold storage, 2FA, and 100% margin reserves audited by Mazars.
  • Customer support is 24/7 email and chat, but response times average 18‑19hours.

If you’re trying to decide whether BingX belongs in your crypto toolbox, this review breaks down the platform’s history, core features, costs, security posture, and real‑world user experience. By the end you’ll know exactly how to get started, what to watch out for, and how BingX stacks up against the big names.

What Is BingX?

BingX is a Singapore‑registered cryptocurrency exchange that launched in 2018 under the name Bingbon. The platform rebranded to BingX in November2021, expanding from a derivatives‑only focus to an “all‑in‑one” trading hub. Today it serves over 20million users worldwide and ranks among the top‑15 exchanges by daily trading volume, according to CoinMarketCap’s September2025 data.

Who’s Behind the Platform?

The CEO is Jack Tao, a veteran of Asian fintech who steered the company through its rebranding and the recent AI push. Under his leadership, BingX announced a $300million investment to embed artificial‑intelligence tools across the platform in early 2025.

Core Features That Set BingX Apart

  • Social Trading & Copy Feed: Users can follow 15,342 vetted elite traders, copy their positions in real time, and chat in a live “Copy Feed” stream. This drives about 37% higher engagement than competing exchanges.
  • AI Trader: Launched in September2025, the AI‑driven assistant (dubbed “BingX AI Trader”) generates an average 28.7% annualized return in beta testing.
  • Wide Asset Coverage: Over 800 cryptocurrencies and trading pairs are available, from Bitcoin to niche DeFi tokens.
  • Leverage Options: Futures contracts offer up to 125× leverage (150× on select markets) with a minimum trade size of $1.
Split-screen view of a trader's chart and a user copying the trade, with chat bubbles and AI icons.

Fee Structure in Plain Numbers

Fees are transparent and competitive, especially for high‑volume traders.

Spot & Futures Fees (BingX)
TypeMakerTaker
Spot0.1%0.1%
Perpetual Futures0.02%0.05%

Supreme VIP members - a tier unlocked by high trading volume - pay zero fees on both spot and futures. By comparison, Coinbase charges 0.4% spot fees, while Kraken sits at 0.16%.

Security & Compliance Highlights

BingX keeps 95% of user assets in offline cold storage and requires two‑factor authentication for every login. Margin reserves are audited quarterly by Mazars, confirming 100% coverage as of Q22025.

The exchange operates under provisional licences in 17 jurisdictions and faces active regulatory scrutiny in Australia, Singapore, and the UAE. Users from the United States, United Kingdom, Iran, Iraq, North Korea, and the Netherlands cannot create accounts under the current terms of service.

User Experience & Support Realities

The interface is a multi‑panel dashboard that packs spot, futures, and social feeds into a single screen. New users typically need 3-5hours to feel comfortable, according to a usability study that gave the platform a 6.2/10 rating.

Support is available 24/7 via email and live chat, but average ticket resolution time sits at 18.7hours-significantly slower than Binance’s 4.2‑hour average. Phone support is not offered.

Educational content includes 147 help articles and 28 video tutorials, though advanced strategy guides are thin. The community fills the gap with a 247000‑member Telegram group and an unofficial “BingX Masterclass” Discord server.

Pros & Cons - At a Glance

  • Pros
    • Low, transparent fee schedule; VIP zero‑fee tier.
    • Industry‑leading social‑trading tools.
    • AI‑driven trading assistant with strong backtested returns.
    • High leverage options for futures enthusiasts.
    • Robust security: cold storage, 2FA, audited reserves.
  • Cons
    • Lack of phone support and slower response times.
    • Restricted in several major jurisdictions.
    • Educational resources still basic for advanced traders.
    • Rapid AI rollout raises potential attack‑surface concerns.
Balance scale showing BingX pros (low fees, security, AI, leverage) versus cons (slow support, restrictions).

Step‑By‑Step: Getting Started on BingX

  1. Visit the official BingX website and click “Register”.
  2. Enter your email, create a strong password, and verify the email link.
  3. Complete Basic KYC (identity photo upload). Processing takes about 11minutes on average.
  4. Enable two‑factor authentication via Google Authenticator or Authy.
  5. Deposit a minimum of $1 using a supported fiat on‑ramp (currently 30 currencies, expanding to 45 by Q42025).
  6. Navigate to the “Copy Feed” to follow a trader you like, then click “Copy Trade”. Set your risk level and confirm.
  7. If you want to try the AI Trader, enable it under “Tools → AI Trader” and allocate a separate budget.
  8. Monitor positions, set stop‑losses, and adjust leverage as needed.

How BingX Stacks Up - Quick Comparison

BingX vs Binance vs Coinbase (Key Metrics)
MetricBingXBinanceCoinbase
Daily Trading Volume (Oct2025)$14.8B$210B$9.3B
Spot Fee (Maker/Taker)0.1% / 0.1%0.0% - 0.1%0.4% (flat)
Max Futures Leverage125× (150× select)125×
Social TradingYes - Copy Feed, 15k elite tradersYes - Binance LeaderboardNo
AI AssistantBingX AI Trader (beta)Binance Advanced AI (limited)No
Customer Support Avg. Response18.7hrs4.2hrs6‑8hrs

Bottom Line - Should You Use BingX?

If you value social‑trading features, want low fees, and like experimenting with AI‑driven strategies, BingX is a strong contender. It shines for intermediate traders who can handle a richer interface and who live outside the restricted regions. However, if you need instant phone support, operate in a jurisdiction where BingX is blocked, or prefer a minimalist spot‑only experience, you may lean toward Binance or Coinbase.

Frequently Asked Questions

Is BingX safe for my crypto?

Yes. BingX stores 95% of assets in cold wallets, uses mandatory 2FA, and its margin reserves are audited quarterly by Mazars, confirming full coverage.

What is the minimum deposit?

The platform allows a $1 minimum deposit for both spot and futures accounts, making it accessible for beginners.

How does the copy‑trading feature work?

You select an elite trader from the Copy Feed, set the amount you want to allocate, and the platform mirrors each of their trades in real time. You can pause or stop copying at any moment.

Can I trade with leverage on BingX?

Yes. Futures contracts offer up to 125× leverage (150× on select contracts). Remember that higher leverage increases liquidation risk.

Why is customer support slower than on Binance?

BingX relies on email and live chat only; it does not provide phone support. The smaller support team leads to an average resolution time of about 18‑19hours.

People Comments

  • Ben Parker
    Ben Parker October 11, 2025 AT 09:14

    Wow, I’ve actually used BingX for a few months and gotta say the fee calculator is a lifesaver, especially when I’m juggling multiple trades while waiting for my coffee ☕️. I noticed the VIP tier wipes out fees completely, which kinda feels like a secret club, don’t you think? Also, the UI makes me want to brag about my trading volume to anyone who’ll listen 😎. If you haven’t tried it yet, you’re seriously missing out!

  • Daron Stenvold
    Daron Stenvold October 12, 2025 AT 15:14

    Reading through the fee structure, one cannot help but feel the weight of each percentage point bearing upon the trader’s soul. The distinction between maker and taker fees, though subtle, underscores a profound market dynamic. For novice participants, this clarity may serve as a beacon amidst the turbulent sea of crypto exchanges. Moreover, the VIP exemption reads like a promise of exclusivity, inviting ambition to rise. In sum, BingX presents a compelling, if not outright daring, proposition for the discerning investor.

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