BingX Review

BingX review: copy trading, grid bots, futures, SEPA deposits, its MiCA authorization in Austria (13 Oct 2026) and the September 2024 hack. Our report with ratings across 7 categories.

Crypto exchange with social trading and copy trading

BingX at a glance

What sets BingX apart: copy trading with trader rankings, a social feed and statistics on past trades.

Who is BingX for?

BingX suits traders who want to follow other users, copy trades or run grid bots. Copied trades can lose money just like your own.

Compare with others

Key facts at a glance

BingX reports more than 40 million users. It combines spot and futures trading with copy trading, a social feed and grid bots. CoinGecko lists 599 coins for spot trading (as of 17 Oct 2026). In the EU, Austria's FMA authorized the subsidiary BingX EU under MiCA on 13 Oct 2026; futures are not covered, and no launch date has been announced yet. In September 2024 BingX hot wallets were hacked.

  • Founded: 2018
  • Headquarters: British Virgin Islands (EU: Vienna)
  • Users: 40M+ (per BingX)
  • Coins: 590+
  • Regulation: EU: MiCA (FMA Austria, since 13 Oct 2026)
  • Min. deposit: None

Overall score

8.0/10 – Very good

  • Security (21%): 7.5/10
  • Usability (20%): 8.5/10
  • Features (12.5%): 8.5/10
  • Support (12.5%): 7.5/10
  • Fees (13%): 8.0/10
  • Payment methods (11%): 7.5/10
  • Offering (10%): 8.5/10

Percentage = weight in the overall score. Ratings from 1 to 10.

Detailed review

Seven categories, each with a score, verdict, and the most important checks.

Security: 7.5/10

On 20 Sep 2024 BingX hot wallets were hacked; PeckShield estimates the loss at about USD 43 million, while BingX called it minor and announced compensation. BingX says most funds sit in cold wallets, backed by a USD 150 million Shield Fund and monthly proof-of-reserves. Since 13 Oct 2026 BingX EU has held a MiCA authorization from Austria's FMA.

  • Hot-wallet hack on 20 Sep 2024, about USD 43 million (PeckShield estimate)
  • Per BingX: most funds in cold wallets, multi-signature approvals
  • Shield Fund of USD 150 million (per BingX)
  • Monthly Merkle-tree proof-of-reserves, as of 15 Jul 2026: USDT 131.83%, BTC 142.82% (per BingX)
  • EU: MiCA authorization from Austria's FMA for BingX EU (MEGE zweite GmbH, Vienna) since 13 Oct 2026
  • Two-factor authentication (2FA)

Usability: 8.5/10

The interface is beginner-friendly, and copy trading and the social feed are built straight into web and app.

  • Web interface and mobile app (iOS & Android)
  • Copy trading built into web and app
  • Easy switching between spot and futures
  • Demo account with virtual USDT

Features: 8.5/10

BingX offers copy trading, grid bots, spot and futures trading and earn products. Besides crypto perps, BingX says it lists over 50 TradFi instruments such as stocks and gold as perps.

  • Copy trading with social feed and trader rankings
  • Grid trading bots (spot & futures)
  • Futures with up to 500x leverage (per BingX, depending on pair and position size)
  • TradFi perps, over 50 instruments per BingX
  • Earn products: staking and savings
  • Demo trading with Virtual USDT ("VST" until August 2025)

Support: 7.5/10

Support is available around the clock via live chat and email, plus a help center and community channels on Telegram.

  • 24/7 live chat available
  • Email support with ticket system
  • Comprehensive help center
  • Community channels on Telegram
  • No phone support

Fees: 8.0/10

Perps cost 0.02% (maker) and 0.05% (taker) at the base tier, spot from 0.10%. Standard futures cost 0.045%, charged only when closing a position. VIP tiers lower the rates.

  • Spot: from 0.10% maker / 0.10% taker
  • Perpetual futures: 0.02% maker / 0.05% taker
  • Standard futures: 0.045%, charged only on close
  • VIP tiers with fee discounts
  • No deposit fees for crypto
  • Withdrawal fees depend on network

Payment methods: 7.5/10

Euros can be deposited directly via SEPA and SEPA Instant (Fiat Deposit, launched in December 2024 as a beta for eurozone users). Card purchases via third-party providers, a P2P marketplace and crypto deposits are also available.

  • Euro deposits via SEPA and SEPA Instant (Fiat Deposit)
  • Credit/debit card via third-party providers
  • P2P marketplace for local payment methods
  • Crypto deposit from external wallets

Offering: 8.5/10

CoinGecko lists 599 coins and 621 spot pairs on BingX (as of 17 Oct 2026). For perps, BingX reports over 700 crypto pairs and over 50 TradFi instruments.

  • 599 coins and 621 spot pairs (CoinGecko, 17 Oct 2026)
  • Over 700 crypto perps (per BingX)
  • Over 50 TradFi instruments as perps (per BingX)
  • Standard futures in addition to perps

Pros

  • Social trading with trader rankings and feed
  • Mobile app with copy trading and social feed
  • Euro deposits via SEPA and SEPA Instant
  • Low futures fees (0.02% maker)
  • Grid trading bots and demo account
  • MiCA authorization from Austria's FMA (13 Oct 2026)

Cons

  • Hot-wallet hack in September 2024 (about USD 43 million)
  • MiCA authorization excludes futures, EU launch not yet announced
  • Less well-known than Binance/Bybit
  • No phone support

Fees

Perps cost 0.02% (maker) and 0.05% (taker) at the base tier. Spot and higher volumes have their own tiers.

  • Spot trading: Maker 0.10%, Taker 0.10% (Standard tier)
  • Futures: Maker 0.02%, Taker 0.05% (USDT-M perpetual)
  • Crypto deposit: Free
  • Crypto withdrawal: Network fee (Depends on coin/network)
  • Fiat purchase (credit card): Depends on provider (Via third-party providers)

Sign up at BingX

  1. Create an account: Visit bingx.com and click "Sign up". Enter your email address and create a secure password.
  2. Verify your identity (KYC): Upload an ID and take a selfie. Verification typically takes only a few minutes.
  3. Deposit funds: Deposit euros via SEPA or SEPA Instant, buy via card or P2P, or transfer crypto. Crypto deposits only cost the network fee; card and P2P add the payment provider's markup.
  4. Start trading or copy trading: Trade directly on the spot or futures market, or use copy trading to follow other traders.

Frequently asked questions about BingX

Is BingX reputable and safe?

In the EU, Austria's FMA authorized the subsidiary BingX EU (MEGE zweite GmbH, Vienna) under MiCA on 13 Oct 2026, covering custody, exchange against euros or other crypto, and transfers. Futures are not covered, and no launch date has been announced yet. On 20 Sep 2024 BingX hot wallets were hacked; PeckShield estimates the loss at about USD 43 million. BingX says most funds sit in cold wallets, backed by a USD 150 million Shield Fund and monthly proof-of-reserves. Keep only the funds you need for trading on any exchange.

How does copy trading work at BingX?

BingX offers copy trading with trader rankings. You pick a trader, set budget and risk, and the platform mirrors their trades in your account. There is also a social feed and statistics on past trades.

How high are the fees at BingX?

Spot trading from 0.10% (maker/taker), perps at 0.02% maker and 0.05% taker. Standard futures cost 0.045%, charged only on close. VIP tiers lower the rates.

Can I deposit in euros at BingX?

Yes. Via "Fiat Deposit" you deposit euros directly by SEPA or SEPA Instant; BingX launched this in December 2024 as a beta for eurozone users. Alternatively, buy by card via third-party providers or transfer crypto from another exchange.

Does BingX have a demo account?

Yes. Demo trading uses Virtual USDT (called "VST" until August 2025). The virtual balance has no real value and cannot be withdrawn.

About this review

Trading Department Editorial Desk · Editorial desk · Exchange reviews

Our editorial team tests and reviews crypto exchanges against fixed criteria across 7 categories.

As of October 17, 2026

Affiliate links: We may earn a commission if you sign up, at no extra cost to you.

More exchange reviews

Open another review or return to the full comparison table.