BingX: FSC licence recorded for BingX

No. Cards, Apple Pay and Google Pay are deposit only channels on BingX: they buy crypto and cannot be used to take money out. Assets bought through any of them are also subject to a 24 hour holding period, during which withdrawal, peer to peer selling, internal transfers and crypto gifts are blocked on the equivalent balance. To withdraw, clients use a crypto transfer, peer to peer selling or one of the fiat bank rails.

Each crypto withdrawal pays a flat fee per coin and network, which BingX says can change with network congestion. USDT costs 1 on Ethereum ERC20, 1.5 on Tron TRC20 and 0.15 on BNB Smart Chain BEP20, and the withdrawal screen shows the fee and the amount that will arrive before you confirm. Sending crypto to another BingX user by internal transfer is free. Euro withdrawals by SEPA or SEPA Instant cost 0.035 percent plus 0.28 EUR, with SEPA taking 1 to 3 business days and SEPA Instant up to 24 hours. Peer-to-peer selling carries no BingX fee.

BingX runs its own platform in the web browser and in the BingX app for iOS and Android. It also offers MetaTrader 5 for its CFD account: opening the account issues an MT5 ID, the desktop terminal (Windows or macOS) and WebTrader connect to the Bingmex server, and Expert Advisors are supported. A BingX account can be linked to TradingView and traded from its charts. API access is documented separately on the BingX API documentation site.

BingX charges VIP-tiered maker and taker fees. At VIP 0, spot costs 0.1000 percent as both maker and taker, crypto perpetual futures cost 0.0200 percent maker and 0.0500 percent taker, and standard futures are a flat 0.0450 percent at every level. At the top Supreme VIP level, spot falls to 0.0050 percent maker and 0.0200 percent taker, and perpetual futures to 0.0000 percent maker and 0.0250 percent taker. On the MT5 CFD account, zero fee mode builds the cost into a wider spread, and ultra-low spread mode charges a commission per lot. Crypto deposits are free, and crypto withdrawals carry a flat fee per coin and network.

BingX does not publish a single account minimum. What it publishes is a minimum per funding method: 40 EUR on SEPA and SEPA Instant, 50 USD by wire transfer, 50 CHF by SWIFT, 10 BRL on PIX in Brazil and 200 MXN on SPEI in Mexico, while card purchases run from 10 USD to 4,000 USD per transaction. Cryptocurrency deposits have their own minimum for each coin and network, for example 1 USDT on Ethereum ERC20 and Tron TRC20 and 0.1 USDT on BNB Smart Chain BEP20.

BingX support runs 24/7 by live chat on the website and in the app, and its help centre gives an average response time of 30 seconds. Clients can also leave a ticket in the chat window or email support@bingx.com. The site is published in 13 languages: English, Spanish, Portuguese, French, Russian, Arabic, Japanese, Indonesian, Thai, Vietnamese, Ukrainian, Urdu and Traditional Chinese. BingX links official channels on X, Telegram, Facebook, Instagram, LinkedIn, Discord, Medium and YouTube.

Yes, for most uses. An unverified BingX account cannot deposit and can withdraw up to 20,000 USDT in 24 hours. Basic verification allows cumulative deposits of 2,000 USDT with the same 20,000 USDT daily withdrawal limit. Advanced verification removes the deposit limit and raises withdrawals to 5,000,000 USDT in 24 hours. Peer-to-peer trading, fiat deposits and card purchases all require identity verification first.

BingX sets leverage per product, per symbol and per position size, so there is no single platform cap. USDⓢ-M perpetual futures allow up to 150x on BTCUSDT for positions up to 300,000 USDT, and the cap falls as the position grows. Coin-M perpetual futures go up to 100x on BTCUSD and ETHUSD, and USDC-M perpetual futures launched with up to 125x. BingX says standard futures offer up to 150x on crypto and 500x on TradFi. The 1000x headline applies only to some TradFi perpetual futures, such as gold and silver, and on gold only for positions up to 500,000 USDT. CFD leverage on MetaTrader 5 is fixed for each instrument.

BingX funds accounts with cryptocurrency transfers, credit and debit cards, Apple Pay and Google Pay, peer to peer trading, internal transfers between BingX accounts, and a range of local bank rails: SEPA and SEPA Instant in euro, SWIFT in Swiss francs, wire transfer in US dollars, PIX in Brazil, SPEI in Mexico and BLIK in Poland. A euro Mastercard is also offered as a way of spending a balance.

Fees vary sharply by channel. Crypto deposits are free and the bank rails are published at zero fee, although the Mexican SPEI waiver is described as limited time rather than standing. Cards are the expensive route at 3.50 percent on cards issued in the EU and 3.80 percent elsewhere. Peer to peer trading and internal transfers carry no transaction fee. Taking euro back out by SEPA or SEPA Instant costs 0.035 percent plus 0.28 EUR per withdrawal.

BingX names no licence for its main crypto exchange. The customer agreement is with Nieve Cruz PA Corporation, a company registered in Panama on 11 March 2025, and the BingX page on Panama documents only that company registration and its tax number. The CFD service on MetaTrader 5 is provided by a separate company, Bingmex Limited of Mauritius, which BingX calls the regulated entity for CFDs. The Financial Services Commission of Mauritius lists Bingmex Limited on its public register with an Investment Dealer (Full Service Dealer excluding Underwriting) licence dated 29 February 2024. That licence covers the CFD account only. BingX also says its EU arm has applied for MiCA authorisation in Austria and has not received it yet. The Spanish CNMV and the Securities Commission Malaysia have listed BingX as not authorised in their countries.