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Bing X

BingX Reviews and User Feedback: A Thorough Investigation of Safety and Bonus Campaigns (BingX)

Posted by: MoneyChat Editorial Department

BingX is a cryptocurrency exchange founded in 2018 and used by over 10 million users worldwide

Unlike a brokerage, an exchange allows users to buy and sell with each other.

While it's generally possible to acquire cryptocurrencies at lower prices than through exchanges, these platforms are often targets for hacking, so it's essential to thoroughly check their security and whether they have a history of incidents

Therefore, this article will provide a thorough explanation of BingX's reputation, user reviews, safety features, and bonus campaigns

The MoneyChager editorial team will deliver genuine, unbiased reviews and opinions based on the results of surveys of over 20,000 users, so please look forward to it. We

also take safety into consideration, referencing the Financial Services Agency and the Financial Futures Trading Act

What you will learn from this article

  1. BingX (VinX) positive reviews and testimonials
  2. BingX (BingX) negative reviews and testimonials
  3. BingX's safety and reliability
  4. BingX Bonus Campaign
  5. How to create a BingX account
  6. How to buy cryptocurrency on BingX
  7. About copy trading traders

For a list of highly-rated and recommended overseas forex brokers, please refer to this article below ↓

Top Recommended Overseas FX Brokers Ranking | Thoroughly Introducing the Best Trading Environments by Category

Contents

BingX (VinX) positive reviews and testimonials

  1. A wide variety of cryptocurrencies are available
  2. Bitcoin's maximum leverage is 150x
  3. 100% Proof of Reserve (PoR) Guaranteed
  4. Supports copy trading
  5. You can become a copy trading provider
  6. Low transaction fees
  7. TrumpCoin is available for purchase

Below are some positive reviews and testimonials

Positive reputation ① Wide variety of cryptocurrencies handled

BingX handles over 1,000 types of cryptocurrencies

We handle a wide variety of cryptocurrencies, including major currencies as well as minor currencies (altcoins), so you can find a cryptocurrency that suits your trading style

While 1,000 different cryptocurrency types isn't the most, it's among the largest selections of cryptocurrency exchanges

Positive reputation ② Bitcoin's maximum leverage is 150x

BingX allows you to trade cryptocurrencies with leverage

As of March 2025, Bitcoin (BTC) can be traded with a maximum leverage of 150x , and Ethereum (ETH) with a maximum leverage of 125x

Bitcoin is already quite expensive, but you can trade it with a relatively small amount of money by using leverage

Good reputation ③ Guarantees 100% Proof of Reserve (PoR)

PoR stands for Proof of Reserve, and simply put, it is a system that proves that possesses sufficient assets to fully refund

This ensures that customer assets are managed securely, and that even in the event of unforeseen circumstances at BingX, there is a very high probability that deposited assets will be returned

In fact, BingX suffered a major cryptocurrency theft due to a hack in 2024, but were fully compensated

BingX publishes Merkle tree verification data on the 1st and 15th of every month

Good reputation ④ Supports copy trading

Copy trading is a system that copies the trades of professional traders and executes trades automatically

Since you don't need to trade yourself, even beginners who can't read charts can replicate the same trading results as professionals.

BingX allows you to narrow down the traders you want to copy based on criteria such as "overall ranking," "profit margin over the last 30 days," and "cumulative profit/loss" by using its filter function

Of course, you can stop at any time you like, so you can also stop once you've made a profit

Positive reputation ⑤ You can become a provider of copy trading

BingX allows you to register as a copy trading provider (copy trading trader) if you meet certain conditions

Becoming a copy trader offers various benefits in addition to receiving rewards based on profits

To become a copy trader, you must meet the following conditions:

Standard futures

  1. Account assets of 110 USDT or more
  2. Standard futures have a win rate of 40% or higher over the past 30 days
  3. Standard futures have been traded three or more times in the last 30 days

Furthermore, the criteria for becoming a copy trader for spot trading are not publicly disclosed

You can find more detailed information about copy trading here

Positive review #6: Low transaction fees

BingX charges a flat 0.1% for both maker and taker fees, which is very low compared to other companies

Another key point is that the fees are uniform. Many cryptocurrency exchanges (trading platforms) vary their fees depending on the cryptocurrency or fluctuate from day to day, but BingX has a flat spot trading fee of 0.1%, so you can trade without checking the trading fees

Good reputation #7: You can buy Trump Coin.

You can buy the currently trending TrumpCoin at BingX

Trump is a type of cryptocurrency known as a memecoin, characterized by its highly volatile price fluctuations due to speculative trading

Although it carries high risks, this meme coin is attracting attention because it has the potential to generate significant profits in a short period of time

BingX (BingX) negative reviews and testimonials

  1. They have been victims of hacking in the past
  2. The official website is a bit difficult to navigate
  3. There are few copy traders
  4. It is not licensed by the Japanese Financial Services Agency

Below are some negative reviews and comments about BingX

Negative reputation ① Has been a victim of hacking in the past

In September 2024, BingX suffered a hacking attack from an external source, resulting in losses exceeding 6 billion yen

Transactions were immediately suspended after the issue was discovered, and it took time for full recovery in order to prevent further damage

However, because they announced full compensation immediately after the hacking incident and have strengthened their security to prevent further hacking attacks, they are considered a highly reliable cryptocurrency exchange

However, please note that there is no trust protection

Negative review #2: The official website is somewhat difficult to navigate

The official BingX website is available in Japanese

However, some pages contain insufficient information, and there are areas where the content on the official website alone feels inadequate

The official website is being updated frequently, so let's look forward to more content in the future

Bad reputation ③ Few copy traders

BingX supports copy trading

there is still a shortage of copy traders to use as a basis for copying , so the options are currently limited.

It's probably because it's still not very well-known, but looking at social media, the number of new copy trading traders is increasing, so I'm excited to see what the future holds

Bad reputation ④ Not licensed by the Japanese Financial Services Agency

BingX is not licensed by the Japanese Financial Services Agency

Since it is not licensed, there is a possibility that you will not be protected under Japanese law if problems arise

However, using a service that is not licensed by the Financial Services Agency is not illegal.

Furthermore, BingX is not unique in that many other major companies with headquarters overseas have not received approval from the Financial Services Agency

How safe and reliable is BingX?

This section explains the safety and reliability of BingX

  1. What is BingX?
  2. Financial licenses held
  3. Fund management and security
  4. Are the rumors about withdrawal refusals true?

What is BingX?

Operating companyBing X Group
Year of establishment2018
Headquarters NationalitySingapore
Financial LicenseU.S. Treasury Department (MSB),
Canadian Financial Transactions Reporting Centre (FINTRAC),
Australian AUSTRAC (DCE),
Estonian Financial Supervision Authority (MTR)
LeverageUp to 150x (BTC)
Japanese supportcan be

BingX is a cryptocurrency exchange established in Japan in 2018, during the cryptocurrency boom

You can purchase cryptocurrencies from BingX, and you can also trade cryptocurrencies with other users.

The ability to contact them in Japanese is a welcome feature for Japanese users, but the official website lacks information, and further improvements are hoped for in the future

Financial licenses held

BingX holds the following four financial licenses:

  1. U.S. Treasury Department ( MSB )
  2. Canadian Financial Transaction Information Reporting Centre ( FINTRAC )
  3. Australian AUSTRAC ( DCE )
  4. Estonian Financial Supervisory Authority ( MTR )

BingX operates in Asia, Oceania, Europe, and South America, and holds highly reliable

For recommended overseas forex brokers with high security, please refer to this article ↓

Overseas Forex Broker Safety Ranking | Points to Check and How to Choose a Reliable Broker Explained

Fund management and security

Trust protectionnone
Proof of Reserve Funds100％
Fund management methodSeparate management

BingX does not have a trust protection system in place that guarantees 100% return of customer funds in the event of bankruptcy or other unforeseen circumstances

However, they use a mechanism called Proof of Reserve (PoR) to prove that they possess sufficient assets to fully refund all customer funds

Therefore, although it does not have the same level of enforcement power as a trust, there is a high probability that your deposited funds will be returned in the event of an emergency

offline wallets called cold wallets , making hacking via the internet virtually impossible.

In addition, important security improvements were implemented, including collaboration with top-tier security experts, enhanced wallet protection mechanisms, improved threat detection systems, and enhanced real-time monitoring capabilities

Furthermore, BingX has announced that it will continue to strengthen its security measures

For more information on trust protection, please refer to this article below ↓

What is trust protection for overseas forex trading? We'll also explain how it compares to segregated accounts

Are the rumors about withdrawal refusals true?

Upon investigating BingX's withdrawal refusal, I found one post

It appears that the withdrawal was unsuccessful because the account was not verified

There have been no further updates, but based on the message from BingX, it seems likely that withdrawals will be possible once KYC verification is completed

However, BingX was hacked in 2024, and there was a period when deposits and withdrawals were unavailable or delayed until it was restored

The system has now been restored, and there have been many posts indicating that withdrawals were processed normally. Therefore, it can be said that the possibility of withdrawal refusal is very low at this time

If you want to know the reasons for withdrawal rejections in overseas forex trading and how to deal with them, please refer to this article below ↓

What are the reasons for withdrawal refusals in overseas forex trading and how to deal with them? Tax and tax filing information is also explained

Bonus campaigns (rewards) offered by BingX

BingX offers a bonus of trial funds that can be used for trading once certain conditions are met

New account creation benefits

You can get up to 30 USDT when you create an account with BingX

This is a perk that anyone can get, but the reward you receive varies from 10 to 30 USDT

Advanced KYC Authentication Benefits

This is a reward that allows you to receive up to 500 USDT by completing advanced KYC verification on your first use (duplicate verification and personal transfer are not included)

The price range is wide, from 5 to 500 USDT, but the maximum of 500 USDT is attractive

First deposit bonus

This is a bonus where you can receive 5 to 500 USDT upon your first deposit

This is also a one-time offer, but it's a guaranteed bonus

First-time transaction bonus

This is a bonus you receive when you make your first spot or futures trade

You can receive up to 500 USDT

Deposit & Trading Challenge Bonus

if you meet both the deposit amount and trading volume .

The conditions are as follows:

You can scroll horizontally
Deposit amountFutures trading volumeReward
100 USDT or more500 USDT or more10 USDT
500 USDT or more500 USDT or more20 USDT
Over 1,000 USDTOver 1,000 USDT50 USDT
Over 3,000 USDTOver 3,000 USDT120 USDT
Over 5,000 USDTOver 5,000 USDT200 USDT
Over 25,000 USDT1,200,000 USDT or more800 USDT
Over 100,000 USDT15,000,000 USDT or more5,000 USDT

The following three points should be noted

  1. You must register for the event and fulfill the requirements within 7 days of registration
  2. You can only receive the highest-tier reward (not cumulative)
  3. You need to manually claim it before it expires

Point ③ in particular requires attention, as the reward is not automatically granted after fulfilling the conditions; you must manually claim it yourself from the new user rewards page

In addition to the benefits mentioned above, there are also coupons available for cumulative deposits of 200 USDT or more, so be sure to check out the official website

For the latest bonus campaign information on overseas forex trading, please refer to this article below ↓

Overseas Forex Account Opening Bonus & Deposit Bonus Comparison Ranking! [Latest January 2026] Broker List

How to create a BingX account

This guide explains how to create a BingX account

① Access the account creation page

Click "New Registration" in the upper right corner of the BingX official website

Alternatively, please click here

② Enter your email address and password

Enter your email address and a password of your choice, then click "Register"

You can also use a Google account or Apple account

③ Enter the confirmation PIN that will be sent to you

A 6-digit verification code will be sent to the email address you registered. Enter this verification code into the input form to complete the process

Your account creation is now complete

Please note that various authentication methods (such as identity verification) are required to use all features

For more detailed information on how to open an account, please refer to this article below ↓

[Illustrated Guide] BingX New Account Opening Procedure [Easy Account Creation with Latest Smartphone Images] (BingX)

How to buy cryptocurrency

You can purchase cryptocurrency on BingX using the following methods:

  1. credit card
  2. P2P
  3. Cryptocurrency
  4. Bank transfer (SWIFT)
  5. Google Pay or Apple Pay

P2P stands for Peer to Peer, which is a method of trading directly between users

You may be able to purchase cryptocurrencies without any fees, and in some cases, at .

Some cryptocurrencies can be purchased using Google Pay or Apple Pay, so you can choose the payment method that suits you best

What is copy trading (trading)?

BingX allows you to use copy trading

By paying a fee, users are divided into followers who copy professional trades and execute automated trades, and traders who receive a fee and provide trades to followers

If you become a trader, in the case of spot trading, you will receive 10% of your followers' profits

To become a trader, you need to apply through Trader Application

The criteria (standard futures) for becoming a trader are as follows:

  1. Account assets of 110 USDT or more
  2. Standard futures have a win rate of 40% or higher over the past 30 days
  3. Standard futures have been traded three or more times in the last 30 days

There are no specified criteria for becoming a spot trader

In addition, you must meet the following conditions to be included in the trader rankings

  1. Account assets of 100 USDT or more
  2. Profit/loss ratio: -30% or more
  3. Cumulative profit/loss: -50 USDT or more
  4. Number of days since the most recent transaction: within 30 days

Even if you're not ranked, your content will still appear in search results, but being ranked is essential to gain a large number of followers

Furthermore, there is an even higher-level system for elite traders, and becoming an elite trader will result in even higher compensation

  1. Maximum profit sharing: 20%
  2. Maximum monthly reward of 1,000 USDT
  3. Maximum annual management fee 2%

This system is recommended for traders who have a high win rate and are consistently generating stable profits

Frequently Asked Questions about BingX

We have compiled frequently asked questions about BingX

Q. Can Japanese people use BingX?

A. Yes

This service is also available to Japanese citizens residing in Japan

Q. Is BingX safe?

A.BingX has been subjected to hacking attacks in the past, resulting in the loss of a large amount of cryptocurrency. However, they have fully compensated their users, and security is expected to be further enhanced in the future, making it even safer

Q. What are the positive reviews and testimonials for BingX?

Here are some positive reviews and testimonials for A.BingX:

  1. A wide variety of cryptocurrencies are available
  2. Bitcoin's maximum leverage is 150x
  3. 100% Proof of Reserve (PoR) Guaranteed
  4. Supports copy trading
  5. You can become a copy trading provider
  6. Low transaction fees
  7. TrumpCoin is available for purchase.

Q. What are the negative reviews and comments about BingX?

The following are some of the negative reviews and comments about A.BingX

  1. They have been victims of hacking in the past
  2. The official website is a bit difficult to navigate

Q. Are there rumors that BingX is refusing withdrawals?

There have been posts from users who have been denied withdrawals from BingX. It is highly likely that this was due to their account being unverified, and that they will be able to withdraw their funds once they complete the required verification process

Other than that, I couldn't find any other posts regarding withdrawal refusals

Q. Is BingX not licensed by the Financial Services Agency?

A. Yes

BingX is not licensed by the Japanese Financial Services Agency

However, it is not illegal for Japanese users to use BingX, and there are many other major cryptocurrency exchanges that are not licensed

Q. How do I buy cryptocurrency?

A. You can purchase cryptocurrency on BingX using the following methods:

  1. credit card
  2. P2P
  3. Cryptocurrency
  4. Bank transfer (SWIFT)
  5. Google Pay or Apple Pay

Q. Can anyone become a copy trader?

You must be a trader approved by A. BingX

For standard futures, the following conditions must be met:

  1. Account assets of 110 USDT or more
  2. Standard futures have a win rate of 40% or higher over the past 30 days
  3. Standard futures have been traded three or more times in the last 30 days

Since no clear criteria have been published for spot trading, you will need to apply through Trader Application

summary

This article covered BingX's reputation, security, rumors of withdrawal refusals, and current bonuses

BingX is a cryptocurrency exchange where users can not only buy cryptocurrencies but also trade them with each other

With a large number of currencies available and numerous perks offered, you can trade cryptocurrencies without using much of your own capital if you use them wisely

In 2024, the company suffered a hacking attack, resulting in the loss of approximately $43 million worth of cryptocurrency. However, all users were fully compensated, which increased user confidence

I found one post regarding rumors of withdrawal refusals, but it's highly likely that the necessary verification for withdrawals hadn't been completed yet. There were also many posts stating that withdrawals were successfully completed

Many perks are available, but some have conditions for acquisition, so we recommend checking the conditions for acquiring perks before making a payment

Furthermore, since it supports copy trading, beginners and those who don't have time to trade can benefit by becoming followers, while those confident in their trading abilities can benefit by becoming traders

Even if you become a trader, you won't receive any dividends if you don't have followers. However, by improving your win rate, your followers will gradually increase, and so will your dividends

While it is still in its early stages of development, this cryptocurrency exchange is focusing on the Japanese market and offers various benefits to attract Japanese users, making it a worthwhile platform to create an account with

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