BingX Review 2024 – Reliable No KYC Exchange or Not?

BingX Overview

BingX was launched by Josh Lou in 2018. The crypto exchange quickly became one of the largest global players, with over 10 million users as of 2024. Currently, BingX is one of the most popular no-KYC crypto exchanges. That means you can deposit, trade, and withdraw without identity verification.

 

BingX Pros & Cons

✅ BingX Pros	❌ BingX Cons
Very user-friendly	Not available in the US
632+ supported cryptos	Lacks fiat support
Low fees
No KYC required
24/7 live chat support

 

Visit BingX!

 

BingX Products & Services

BingX is one of the largest no-KYC crypto exchanges with tons of products and features. Traders can access spot and futures trading for over 600 cryptos. For experienced crypto futures traders, BingX offers up to 150x leverage.

What makes BingX stand out most is its futures trading platform, where not only cryptos but also traditional finance assets are supported. Aside from popular cryptos such as Bitcoin or Ethereum, traders can access stocks, forex, and indices on the BingX futures market.

The crypto derivatives market on BingX is one of the best of its kind, with low fees, 400+ futures contracts, and a smooth interface.

A great feature on BingX is the copy trading feature, which allows you to automatically copy the trades of experienced traders. You can analyze the historical performance of professional BingX traders and copy their trades with just a few clicks.

Other passive income ways on BingX are “wealth” and “grid trading”. However, the earn section on BingX is relatively small when compared to other exchanges.

If you don’t own cryptos yet, you can easily deposit funds on BingX using your credit/debit card or bank transfer. Over 20 fiat currencies are supported on BingX.

For mobile users, BingX offers an app. The app is available for Android and iOS phones and has an incredible 4.8/5 star rating. After testing over 60 crypto exchange apps, we consider the BingX app to be the best mobile app for crypto traders looking to trade on the go. The BingX mobile app is well-designed, user-friendly, and packed with tons of features.

 

BingX Trading Features

Spot Trading

BingX offers spot trading for over 690 different coins, making BingX an excellent exchange for altcoin trading. Overall, BingX is very well-designed and user-friendly. With integrated real-time TradingView charts, you can do your analysis directly on BingX.

 

Futures Trading

BingX offers a high-performance derivatives trading platform with futures contracts trading for over 300 different cryptos. The maximum leverage is 150x on selected assets such as Bitcoin or Ethereum.

What we love about BingX is its well-designed interface, which ensures a seamless trading experience for beginners and professionals alike.

One special feature of the BingX futures platform is the access to traditional finance assets such as stocks, commodities, forex currencies, and indices. This makes BingX the perfect all-rounder platform for traders of all kinds.

 

Copy Trading

BingX offers crypto copy trading for the futures market. You can analyze the historical performance of so-called “Elite Traders”. With just a few clicks, you can set up a BingX copy trading account, which automatically takes the exact same trades as your selected trader.

 

Visit BingX!

 

BingX Fees & Costs

What we love about BingX is its competitive fee structure, making it an excellent choice for day traders seeking the best value for money.

 

Spot Trading Fees

BingX spot trading fees start at 0.1% maker and 0.1% taker. Based on your 30-day trading volume, you can reduce your BingX fees to as low as 0.005% maker and 0.015% taker.

 

Futures Trading Fees

BingX futures trading fees start at 0.02% maker and 0.05% taker.

Based on your monthly trading volume, you can reduce your BingX trading fees to as low as 0% maker and 0.028% taker.

 

BingX Deposits & Withdrawals

Deposits

BingX supports multiple networks for crypto deposits without fees.

For fiat purchases, BingX supports 40+ fiat currencies, including EUR, GBP, or USD, through multiple payment methods:

• Credit/Debit card
• Bank transfer
• Peer to Peer trading
• Third party payment providers

Fiat deposit fees range from 1% to 3% based on your fiat currency and payment method.

 

Withdrawals

BingX supports multiple networks for crypto withdrawals, including:

• TRC20
• BEP20
• ERC20
• Bitcoin
• Litecoin
• and many more

The BingX withdrawal fees are dynamic and are based on the respective network capacity. Some cheap options are TRC20 and BEP20, which cost around $1 per transaction.

Fiat withdrawals are currently not integrated directly into BingX. However, you can use the BingX P2P marketplace to cash out your profits.

 

BingX Customer Support

BingX offers 24/7 live customer support via live chat. The average response time is less than 1 minute. Overall, we were very impressed with the BingX customer support. BingX staff seems to be knowledgeable and helpful.

Additionally, BingX offers email support and a comprehensive help center with tons of articles and guides.

 

BingX Security

BingX stores customer funds in multi-sig cold storage wallets. While we consider BingX to be a secure crypto exchange, we advise you to store your cryptos in a personal wallet.

Additionally, BingX provides proof of reserves, meaning that all customer assets are backed by BingX with at least 100%.

For account security, you can turn on features such as Google Authenticator, Email verification, and SMS verification.

 

BingX Signup & KYC

BingX requires no KYC verification. That means you can get started with trading on BingX right away without having to go through an identification process.

If you still want to verify your identity, you must submit personal details:

• Personal Details
• Government-issued ID
• Selfie

Higher KYC levels unlock higher withdrawal limits on BingX.

 

BingX Review Summary

BingX is one of the best crypto derivatives exchanges in the world. The exchange offers crypto traders a high-performance platform to execute their trades in real-time. What makes BingX special is its wide array of supported assets encompassing not only cryptocurrencies but also stocks, forex, commodities, and indices.

On top of that, BingX offers low fees and deep liquidity, ensuring a smooth trading experience.

The 24/7 live chat support is reliable and quickly assists when encountering an issue. Overall, we consider BingX to be a top choice for crypto traders.

 

Visit BingX!

 

FAQ

Is BingX legit?

Yes, BingX is a legitimate crypto exchange with over 15 million users.

 

Does BingX require KYC?

No, BingX doesn’t require KYC verification.

 

Is BingX available in the US?

No, BingX is not available to US citizens due to regulatory issues.

 

What are BingX fees?

BingX spot fees are 0.1% for makers and takers. BingX futures fees are 0.02% maker and 0.05% taker. Based on your 30-day trading volume, you can reduce your BingX trading fees further.