BingX review

The taker fee is 0.1% and the maker fee is 0.1%, so spot and maker costs line up. Both sit under the 0.2% site median taker fee, and under the 0.2% median across exchange listings.

The exchange lists 602 coins, which puts it far above the 62 site median. It ranks 22 of 172 brands tracked on coins listed, and above the 74.5 median for exchange listings.

Yes, derivatives are available. 100% of the brands in the derivatives exchange ranking have them, and 50% of all crypto exchanges listed do, so this is standard in the category rather than a differentiator.

Accounts are custodial, so coins are held by the platform rather than by a self custody wallet. The exchange is a centralised exchange, which is the most common setup among the 298 brands in the exchange ranking.

Proof of reserves is published, which lets customers check that the platform holds assets backing balances. Most brands in the derivatives exchange ranking publish one, so this sits in line with good practice in the group.

Support runs on chat and help centre, so live chat and a help centre. Email and phone support appear in a minority of exchange listings, which is worth checking if you prefer to call.

Yes, a free plan is offered, so you can use the exchange and its bot tooling without paying. Free plans are standard across the exchange group, so price is not the deciding factor here.

BingX was founded in 2018 and has since built a large spot book and a derivatives arm. The bot tooling on the platform makes it usable for automated strategies as well as manual trading.