BingX Exchange: Rising Star or Cautionary Tale in 2025?

Cryptocurrency moves quickly, and exchanges come and go. Since its launch in 2018, BingX has made a name for itself as one of the best. It is based in Singapore and has more than 10 million users around the world. It offers spot trading, futures trading, and new features like copy trading. But is BingX really safe now that it had a big security breach in the past? Let’s take it one step at a time.

What Makes BingX Stand Out?

BingX isn’t just another exchange; it’s grown into a platform that does everything. You can trade more than 700 cryptocurrencies, including well-known ones like Bitcoin and Ethereum, as well as a lot of altcoins. The copy trading feature is what makes it different.

It lets beginners automatically copy the moves of more experienced traders. If you’re new and want to learn without jumping right in, this is great. They’ve also jumped on the AI bandwagon in a big way. BingX promised $300 million over three years to use AI in all areas, from trade analysis to making security better. With smart insights from AI Trade Review, you can break down your trades and feel like you have your own analyst.

Trading Options and Tools

It’s easy to spot trade on BingX: you can buy and sell cryptocurrencies at their current prices. Futures and perpetual contracts can give you up to 125 times the leverage you need to make bigger profits, but keep in mind that this also increases the risk. Grid trading bots help you automate your strategies, and wealth products like Shark Fin let you make money on your investments.

The mobile app is great; it can verify your KYC in just a few minutes and has support in many languages, including Japanese and English, 24 hours a day, seven days a week. It’s made for both beginners and experts, but getting money from third-party providers can add extra costs in some places.

Fees: Keeping It Competitive

To get more traders, BingX keeps fees low. For spot trades, both makers and takers pay a flat 0.1%, but this can go down depending on how much you trade. For high rollers, it can go as low as 0.005%. Futures are even cheaper: 0.02% for makers and 0.05% for takers, and VIP users get even better deals.

Withdrawals depend on the type of crypto, but they are usually fair. No fees for deposits, but be careful of network costs. BingX is a good competitor to big exchanges like Binance, especially with deals like 50% off fees for new users.

https://bingx.com/en/learn/article/crypto-trading-bingx-fees

Security: Lessons from the Past

After a hack in 2024 that stole about $52 million from its hot wallets, BingX is very concerned about security. The exchange quickly paid users back with its own money and released ShieldX, a new firewall system for wallets. Most assets are now kept in cold storage, and two-factor authentication (2FA) is common.

I think this event was a wake-up call for BingX, which is why they are now working with top security companies to keep an eye on things. There haven’t been any new breaches since 2025, which shows they’ve stepped up. But remember to always use strong passwords and not put all your eggs in one basket.

Pros and Cons at a Glance

Pros:

• Wide range of cryptos and trading tools.
• Low fees with volume discounts.
• Innovative AI and copy trading.
• Strong post-hack security improvements.

Cons:

• Past security breach raises flags.
• Not available in the US.
• Third-party funding can be pricey.