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Cryptocurrency

BingX Review 2026: Features, Pricing, Pros & Cons

Pros

  • ✓ Standard fees: 0.10% spot, 0.02% maker on perpetuals
  • ✓ Copy trading and trading bots built in
  • ✓ Crypto, stocks and commodities in one account
  • ✓ Clear VIP fee tables on the official site

Cons

  • ✗ Hot wallet hack of about $43 million in September 2024
  • ✗ Not available in the US, Canada and other jurisdictions
  • ✗ Copy trading and futures are high risk

Hands-on: The ToolReviewHub team has used BingX ourselves. Fees, limits and availability below come from BingX’s official pages on the date shown, so confirm them before you deposit.

Disclosure: the BingX links on this page are affiliate (referral) links. If you sign up through them we may earn a commission at no extra cost to you. It does not change our review; see our affiliate disclosure.

Risk warning: cryptocurrency, leverage and copy trading are high risk and you can lose all of your money. This review is general information, not financial advice. BingX is not available in every country, and the rules where you live may restrict or ban crypto trading. Only use money you can afford to lose.

Quick verdict: BingX is a derivatives-focused exchange known for copy trading and trading bots, with standard fees (0.10% spot, 0.02%/0.05% on perpetuals) and a growing set of stock and commodity markets. It suffered a hot wallet hack of roughly $43 million in September 2024 and is closed to US and Canadian residents. Check BingX and its availability in your country before you register.

What Is BingX?

BingX is a cryptocurrency exchange described by The Block as Singapore-based. It is best known for perpetual futures and social or copy trading, and it has expanded into spot, trading bots, a Wealth section for earning, a crypto card and “TradFi” markets that let users trade stocks and commodities such as gold. Its homepage presents BingX as a Scuderia Ferrari HP team partner, advertises a welcome gift worth up to 5,500 USDT for new users, and says you can trade the world’s core assets from one account. These are BingX’s own statements as shown on November 1, 2026.

BingX homepage showing the Scuderia Ferrari HP team partnership and a welcome gift offer
BingX homepage (cropped screenshot, November 1, 2026). Promotions such as the welcome gift have conditions and change often.

BingX Fees 2026

BingX’s official VIP fee page shows the following base rates. Regular users start at the top rate, and VIP levels reduce fees based on 30-day volume or asset holdings.

BingX spot trading VIP fee rates showing maker and taker rates by level
BingX spot VIP fee rates (cropped screenshot of the official VIP fee page, November 1, 2026).
Level Spot maker / taker Perpetual futures maker / taker
Regular user 0.100% / 0.100% 0.020% / 0.050%
Elite 0.050% / 0.080% 0.018% / 0.045%
VIP 1 0.035% / 0.060% 0.014% / 0.040%
VIP 3 0.015% / 0.045% 0.010% / 0.035%
VIP 5 0.010% / 0.0325% 0.006% / 0.030%
Supreme VIP 0.005% / 0.020% 0.000% / 0.025%

Spot fees are the same as Bybit’s 0.10% base rate; see our Bybit review, and our reviews of Coinbase and KuCoin.

Key Features

Is BingX Safe?

The September 2024 hack. On September 20, 2024, hackers drained about $43 million from BingX hot wallets in several tranches, according to on-chain data reported by CoinDesk and The Block (Immunefi later put the figure near $52 million). BingX paused withdrawals, called the incident minor and manageable, and promised to compensate affected users. As with any exchange, the funds you leave on the platform are in the exchange’s custody.

Where BingX Is Not Available

BingX’s terms define restricted jurisdictions that include the United States (and its territories) and Canada, as well as places such as Afghanistan, Burundi, Cambodia, the Central African Republic, mainland China, Cuba and North Korea, among others. The list can change and differs by product: the CFD and stocks products list additional restrictions. Read BingX’s current terms before you sign up, and do not use a VPN to get around a restriction.

BingX Deposit and Withdrawal Fees

BingX charges a network fee on crypto withdrawals, and says the fee shown on the withdrawal page is the one that applies. BingX learning articles describe USDT withdrawals on Tron (TRC20) as costing under about $1, on BNB Smart Chain (BEP20) typically under about $0.50, and on Ethereum (ERC20) around $5 to $10, but these are guides, not a fixed schedule. Check the exact fee and minimum on the withdrawal page for the network you choose, and confirm deposit conditions on the deposit page.

Who Is BingX For?

Who Should Skip BingX?

How to Sign Up, Verify and Withdraw on BingX

  1. Use the official site or app only. Type the address yourself or download the app from the official store. Fake sites and impersonators target exchange users.
  2. Register with your email or phone number and a strong, unique password.
  3. Verify your identity if BingX asks for it. Requirements and limits depend on your country and what you want to do.
  4. Secure the account: turn on two-factor authentication (an authenticator app is safer than SMS), set an anti-phishing code and, where available, a withdrawal address whitelist.
  5. Deposit crypto by copying the deposit address for the exact coin and network, and send a small test amount first. Fiat deposits depend on your country and payment method.
  6. Start simple. Begin with spot trading before you use leverage, and set a limit on what you are willing to lose.
  7. Withdraw by choosing the same network your receiving wallet supports, checking the fee and minimum shown on the screen, and sending a small test first.

Copy trading and futures carry extra risk, so start in the demo or with a small amount.

Pros and Cons

Pros

  • Standard fees: 0.10% spot, 0.02% maker on perpetuals
  • Copy trading and bots built in
  • Crypto, stocks and commodities in one account
  • Clear VIP fee tables published on the official site

Cons

  • Hot wallet hack of about $43 million in September 2024
  • Not available in the US, Canada and other jurisdictions
  • Copy trading and futures are high risk
  • Promotions such as welcome gifts have conditions

BingX FAQ

Is BingX legit?

BingX is a long-running exchange with a large product range, but it has had a hack and is restricted in several countries. Check that it is allowed where you live.

What are BingX’s fees?

Regular users pay 0.10% maker and taker on spot, and 0.02% maker and 0.05% taker on perpetual futures. VIP levels lower these rates.

Can US residents use BingX?

No. BingX lists the United States and Canada among restricted jurisdictions.

Was BingX hacked?

Yes. In September 2024 about $43 million was taken from hot wallets. BingX paused withdrawals and promised compensation.

Does BingX have copy trading?

Yes, copy trading is one of its main features, along with trading bots. Copy trading can lose money.

BingX or Bybit?

Both charge 0.10% base spot fees and both have had hacks. BingX is stronger on copy trading; Bybit has a wider product range. Read our Bybit review and choose the one allowed in your country.

Final Verdict

BingX is a solid pick for copy trading and futures at standard fees, with a growing multi-asset offering, but it is closed to US and Canadian residents and has a past hot wallet hack. If it is available where you live, open a BingX account, start small, protect your account with strong security settings, and never risk money you cannot afford to lose.

Related Guides

Method: this review is based on BingX’s official homepage, VIP fee page, fee-schedule help article and restricted-jurisdiction terms as read on November 1, 2026, news coverage from CoinDesk and The Block for the 2024 hack, and our own use of the platform. Fees, promotions and restrictions change, so confirm them on BingX’s site.

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