BingX is a crypto-currency exchange and contracts for differences platform, similar to futures on the Binance exchange. Founded in 2018 in Taiwan, BingX has positioned itself as a leading crypto-currency trading platform enabling traders to use crypto derivative contracts. It offers users the opportunity to trade high-speed, secure and low-cost contracts on a variety of contracts, including crypto-currencies, indices and forex pairs. BingX was created with the aim of becoming the pioneer and market leader in crypto-currency trading platforms.
Key features of BingX
CopyTrading
BingX offers a CopyTrading feature that allows users to automatically replicate trades made by recognized traders. The list of traders is based on their trading style, number of followers and profit rates. BingX allows users to use the demo currency, VST, to copy trades. It’s important to note that copy trading should be used with caution.
Spot Trading
Thanks to BingX’s Spot Trading functionality, users can trade popular digital assets quickly and easily. Accessible via the BingX website, spot trading allows users to buy or sell crypto-currencies in real time with the aim of making a profit.
Future/Perpetual trading
BingX offers a robust crypto margin platform, which includes derivatives and futures available with up to 125x leverage. In addition, users can also access futures trading for commodities, indices and Forex. The platform offers both standard derivatives and perpetual futures, specific to crypto-currency trading.
How reliable is BingX?
To cut a long story short, BingX is a user-centric social trading network offering spot and derivative trading services to crypto-currency traders worldwide. With up-to-date security technology and reliable customer support, BingX aims to revolutionize the crypto-currency industry by making it easy to learn and replicate successful trading methods.
How do I register with BingX?
To start trading with BingX, a leading crypto trading platform, you must first register and create a BingX account. Here’s a step-by-step tutorial for the registration and login process:
- Visit the official BingX website and click Login/Signup located in the upper right corner.
- Fill in the form with your personal details, such as name, phone number, e-mail address and password.
- If you have a referral code: MZ80T1KB, enter it in the designated field.
- Click on Submit. You’ll receive an activation e-mail to confirm your e-mail address.
- Once you’ve confirmed your e-mail ID, your account will be automatically activated, and a 6-digit OTP will be sent to your mobile number.
It’s important to note that BingX does not include a KYC process for depositing funds on the platform. Once an account has been created, you can log in and start trading and exploring BingX’s excellent features.
Conclusion
In conclusion, although BingX has some limitations, such as a limited number of crypto-currencies available for trading and trading fees, its user-centric platform, up-to-date security technology and reliable customer support make it a popular choice among traders.
