When did BingX launch? (2024)

When did BingX launch?

Founded in 2018, BingX serves over 5 million users worldwide, and offers diversified products and services, including spot, derivatives, copy trading, and asset management.

When was BingX launched?

Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy trading, and grid trading services to more than 100 countries and regions worldwide with over 5 million users.

Is BingX a good trading platform?

Overall, BingX makes a trustworthy option for trading major cryptocurrencies with margin and derivatives.

Is BingX a safe exchange?

BingX is a centralized cryptocurrency exchange established in 2018 and registered in British Virgin Islands. The daily trade volume for BingX is $586,500,459, but is BingX safe? BingX security rating is A with 82.90% security score.

Is BingX available in the USA?

About BingX

Founded in 2018, BingX is a global digital asset, spot, and derivatives trading platform that provides a user-centric and open ecosystem with intuitive social trading features. BingX has branches in the United States, Canada, the European Union, Australia, Hong Kong and Taiwan.

Is BingX a crypto exchange?

BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users.

How long does BingX withdrawal take?

Withdrawals need to be confirmed by the entire blockchain, which will take around 10 to 120 minutes before the asset is credited into your account.

Who are the competitors of BingX?

How much is the fee in BingX?

Trading Fee Rate

Taker (executed instantly): 0.075%; The current fee rate is discounted as 0.050%. Maker (pending orders) fee rate: 0.045%; The current fee rate is discounted as 0.020%.

How many users does BingX have?

About BingX

Founded in 2018, BingX is the world's leading cryptocurrency exchange, providing spot, derivative, copy and grid trading services to more than 5 million users in over 100 countries and regions.

What country is BingX from?

Established in 2018 in Singapore, BingX is a global player in the world of cryptocurrency exchanges. It has established offices in various regions, including North America, Canada, the EU, Hong Kong, and Taiwan, and hosts users from across the globe.

Can you trade on BingX without KYC?

A3: All BingX users must complete the KYC verification in order to use the BingX P2P Trading service. This ensures that all accounts are registered and used by the legitimate account holder. You can check the required documents in the "User Center" by clicking your avatar icon, and clicking "Identity Verification".

What rank is the BingX exchange?

BingX is a Centralized exchange that ranks #54 on BitDegree Exchange Tracker. BingX has a trading volume of $986,562,254 in the last 24 hours and $206,575,504,609 in the last 7 days.

Can you buy stocks on BingX?

BingX Standard Futures lists stocks, allowing users to trade stock futures using cryptocurrencies.

What is the No 1 crypto exchange in USA?

Coinbase is the largest U.S.-based cryptocurrency exchange, trading more than 200 cryptocurrencies. Its fees, however, can be confusing and higher than some competitors.

Who created BingX?

Company Overview. Co-founded in 2018 by Josh Lu, BingX has its headquarters in various strategic locations such as Canada, the European Union, and Australia. The platform has expanded its presence to more than 100 countries, accumulating over 5 million users worldwide.

Does BingX have leverage?

BingX adheres to a tiered margin model approach for risk management. The maximum leverage is determined based on your position's notional value. To mitigate the potential risks associated with high leverage, the larger your position notional value, the lower the maximum leverage.

How much is the withdrawal fee for BingX?

For transfer of USDT-ERC20 the withdrawal fee is about 6 USDT, while the USDT-TRC20 withdrawal is only 1 USDT. The trading fees for other major cryptocurrencies are for instance 0.0005 BTC for Bitcoin, while Ethereum has a withdrawal fee of 0.007 ETH.

How do I sell Usdt on BingX?

Step 1: Select a merchant. Select a fiat currency --> Click "Sell" --> choose a merchant and click "Sell USDT". Step 2: Enter the value or amount, click Sell. Step 3: Wait for the merchant to pay, confirm the receipt of the payment and release the crypto to complete the order.

Is BingX safe to use Reddit?

BingX has proven to be one of the most legitimate and reliable crypto exchange platforms owing to its numerous and convincing achievements over the years.

Where is BingX located?

BingX is a crypto social trading exchange platform. It provides spot trading, derivatives, social crypto trading, and more. The company was founded in 2018 and is based in Singapore.

Does BingX have futures?

SINGAPORE, Nov. 29, 2023 /PRNewswire/ -- BingX, a global leading crypto exchange, has announced a groundbreaking innovation that allows its users to use their BingX Wealth savings as margins for futures trading.

How does BingX copy trading work?

Copy trading is a feature that allows copiers to copy the trades of multiple elite traders by automatically aligning with traders' trading activities and thus generating profits or losses.

How does BingX leverage work?

Leverage trading is when crypto traders borrow more capital from the exchange to trade beyond what is available on their cash balance. It is worth noting that leveraging does not only apply to the crypto market; it can be used to trade other financial assets.

Can you short crypto on BingX?

BingX futures trading platform allows you to draw on leverage while going long or short to hedge risks or make money in a volatile market.