- BINGX-INTRODUCTION
Founded in Singapore in 2018, BingX is a pioneer and industry leader in the cryptocurrency derivatives space. With over a million users, it guarantees a stable, dependable, and economical trading environment. BingX is a trading platform that is registered with the Republic of Estonia. The bitcoin exchange has obtained licenses from both FinCen’s Money Services Business license and AUSTRAC’s regulatory authority. Retail traders on BingX should use caution when utilizing any exchange. Do check this: Bingx Referral Code
- FEATURES
It offers cross- and isolated-margin options as well as perpetual contracts including trading and speculation are both possible with any of these instruments. Several more features listed below are also provided by the exchange:
- Fast Trading
- Expert Platform
- Demo Mode
- Successful Traders
- Customary Markets
- TRADING PRODUCT
Cross and isolated margins are options available to BingX traders. Users can choose inverse contracts for Bitcoin and Ethereum. Accordingly, customers may trade the BTC-based contract using Bitcoin, and they may trade the ETH-based contracts using Ethereum as a margin. Furthermore, USDT-based contracts are offered by BingX for both ETH and Bitcoin. On BingX, users may speculate on eight different indices, including the DJIA, S&P 500, Nikkei 225, and NASDAQ-100, using cryptocurrency derivatives contracts. A Forex market with seven contracts linked to the preferred foreign exchange cryptocurrency trading pairings is available on BingX, unlike other platforms.
- REGISTRATION PROCESS
The following is a step-by-step explanation of the login and registration process:
Step 1: Create an account, go to the official BingX website, and choose the Login/Signup option in the upper right region.
Step 2: Provide your contact details (name, phone number, email address, and password) on the form.
If you have a referral code, enter it in step three.
Step 4. To verify your email address, an activation email will be issued to you.
Step 5: An automated account activation and a 6-digit OTP will be provided to your cell phone when you validate the email address. Log into your new BingX account and enter the OTP.
- TRADING
Experienced traders and novices alike may benefit from BingX Exchange’s cutting-edge exchange package, which has an intuitive user interface. With this platform, traders may choose between isolated and cross-margin. Advanced traders who want to manage their margin risk based on the balance of their trading accounts are often the ones who benefit from this useful feature. Trader stop-loss and take-profit orders are established under the margin slider. OCO, or One-Cancels-the-Other, is a common name for this procedure.
- FEES
The trading volume is multiplied by the 0.075% trading charge to determine the trading fee. Apart from trading costs, the exchange also charges a spread fee. The kind of contract trading determines this cost. There is a $28 withdrawal fee per transaction for stablecoin withdrawals. The fact that BingX doesn’t charge a fee for transferring cryptocurrency into trading accounts is its strongest feature.
- PAYMENT METHODS
BingX has several payment options, such as Debit or Credit Card (Visa, MasterCard, and Moon Pay) and Apple Pay Digital Money.
