BingX — the most comprehensive crypto exchange?

BingX bags the Best Crypto Exchange Award for both 2021 and 2022.

It might be the most comprehensive exchange so far: copy trading, direct integration with MT5, and multi-asset trading (crypto, Forex, commodities).

Should you try BingX? Let’s find out.

1/ Founded in 2018

Since then, BingX has grown to operate in over 100 countries.

Currently, it has >5 Mil users, with a growing user base worldwide and trading volume.

2/ Transparency — 100% Proof of Reserves

I can’t stress how important this is.

Something commendable about BingX is that it publishes its Merkle Tree twice a month (1st, 15th). Its major assets like BTC and USDT will always have >100% margin reserve. Their PoR certification and report are also professionally verified by Mazars.

3/ Security

It claims it partners with top cybersecurity organizations. It is definitely good to know that it passed the security audit by CertiK, the leading security-focused ranking platform.

4/ Regulation and license

As an international digital services financial institution, BingX has regulatory approval from various countries as:

• Digital Currency Exchange in Australia
• Digital Currency Exchange in the EU
• Money Services Business in the US
• Money Services Business in Canada

5/ Incredibly wide range of services!

Whether it is crypto, Forex, Gold and stock index trading, BingX has you covered.

• Spot trading
• Derivatives (Standard & Perpetual Futures)
• Copy Trading
• Grid Trading
• Convert to USDT
• P2P Trading
• Demo account trading

6/ Direct integration with MetaTrader 5

I guess this is their secret sauce used in improving the crypto trading experience on BingX.

7/ Copy trading — a BingX highlight

In BingX, you can copy the trades of successful, proven traders. There are different types of traders to copy, high-risk or conservative traders. Personally, I think this is nice for those who don’t have time to trade themselves.

Please beware of the risk. Copy trading is never risk-free.

8/ CONVERT small amount to USDT

I quite like this one, convenient to remove those small balances that are too small to sell on spot trading. Usually, exchanges will only allow converting small balances to their own exchange token, like BNB on Binance, MX on MEXC, etc.

9/ Copy Feed — mini socmed in BingX

Basically a social platform for you to share and read others’ insights or ideas on trading. I still prefer CT and Telegram for now, perhaps I might change my mind when the BingX social trading network grows larger in the future.

10/ In summary

BingX is overall a comprehensive, fast-growing CEX.

• Suitable for both beginners and seasoned traders
• Copy Trading platform is great
• Multi-asset: crypto + Forex + commodities
• Demo account available
• Reasonable fees

If you find this post helpful, please help me share it. Thanks! If you are interested to try BingX, do get up to 125 USDT sign-up bonus when you register here. Code: FCETNQ