Review BingX Exchange Platform in 2024 – Why Choose BingX?

Currently, trading and investing in cryptocurrencies are no longer unfamiliar to users worldwide. Therefore, many trading platforms have emerged and become popular. Among them, the BingX exchange has emerged as a reliable destination for cryptocurrency investors with robust infrastructure and quality services. So, in this article, let’s explore and review BingX exchange with AZC.News!

What is BingX?

Formerly known as Bingbon, BingX exchange is one of the leading cryptocurrency trading platforms in Taiwan, established since 2018. With the aim of providing services including Spot trading, Margin Trading, Copy Trading, related to cryptocurrencies, BingX is currently serving users worldwide.

In June 2018, BingX attracted investments of up to $10 million from Grand Shores, a publicly listed company based in Hong Kong with the stock code 1647HK. Over the course of 5 years of development, BingX has achieved impressive milestones, establishing a significant position in the cryptocurrency field.

Currently, this trading platform has attracted over 5 million users from more than 100 different countries, offering more than 350 diverse cryptocurrency trading options. Additionally, BingX has a widespread network of branches across the globe, including North America, the EU, and Asia, with a total of over 150 employees.

Achievements of BingX exchange

With over 5 years of operation and development, BingX exchange currently boasts nearly $2.5 billion in trading volume within 24 hours and 10 million monthly visits (according to data from CoinGecko).

In addition, the exchange has also won numerous prestigious awards in the industry, such as:

• The world’s first cryptocurrency trading platform.
• Best cryptocurrency exchange on TradingView in 2021 & 2022.
• The fastest-growing trading platform according to Global Brands Magazine in 2022.

These awards are clear evidence of the continuous development of the BingX exchange.

Is BingX Exchange reputable?

According to CoinGecko’s reliable ranking algorithm, BingX has achieved a score of 9/10 for reliability. This rating is based on various indicators such as liquidity, operational scale, and cybersecurity. The exchange has implemented multiple security measures including support for two-factor authentication (2FA), insurance fund mechanisms, and collaboration with cybersecurity company Certik in the blockchain domain to assess and evaluate risk levels on the platform.

Moreover, BingX is also supervised by organizations such as FinCEN, FINTRAC, FSIC, and AUSTRAC. This is one of the strengths demonstrating the platform’s compliance with legal regulations. Furthermore, BingX is committed to protecting customers’ funds by being 100% supported by reserve funds.

Furthermore, BingX ensures transparency in financial data by disclosing and verifying it by an authorized auditing firm – Mazars – a company that has audited numerous cryptocurrency companies. Every month, BingX will publish its Merkle Tree regarding its reserve ratio on the 1st and 15th of each month on their homepage.

Thus, it can be seen that BingX is one of the most trustworthy trading platforms today. Therefore, information about BingX being a scam is completely FALSE!

5 outstanding products of BingX

1. Spot Trading

Not only does BingX support over 350 different cryptocurrencies, it also offers features for trading stocks, foreign exchange (BingX Forex), commodities, and other indices. This has created a diverse and rich environment for investors.

The Spot trading interface of BingX is designed in a visually intuitive and user-friendly manner, facilitating easy access and efficient execution of trades for users, especially beginners.

2. Derivatives and Margin Trading

BingX offers derivative trading services and leveraged trading for the majority of popular tokens, with leverage levels of up to 150x. This provides users with profit-enhancing opportunities. However, leveraging also comes with high risks and requires investors to have a careful trading strategy.

3. Copy Trade and BingX

This is a special feature of BingX that allows users to copy trading orders from professional traders worldwide, helping them learn and apply successful trading strategies from experienced individuals.

See more: What is BingX Copy Trading? Review BingX Copytrade

4. Grid Trading

Grid trading – or automatic buying low and selling high – is a useful tool for profit-making in volatile market conditions. On the BingX platform, users can create trading grids for both futures, spot, and perpetual trading, depending on their goals and trading strategies.

5. P2P Trading

BingX also provides a P2P trading market, enabling users to buy and sell various tokens from licensed trading partners quickly and conveniently. This creates opportunities for users to participate in the market and execute trades directly and safely.

Review BingX Exchange 2024

1. Advantages

• Diverse range of trading assets.
• User-friendly and easy-to-use interface.
• High level of security.
• Fully integrated mobile application with all features.
• Multi – language support
• Very low trading fees (0.045%).
• Direct USDT deposit for trading.
• Copy Trade feature available.
• High leverage, up to 150x.
• Professional support team.

2. Disadvantages

• Supports quite a few cryptocurrencies.

Conclusion

In the rapidly growing cryptocurrency market, BingX exchange has emerged as a leading trading platform, offering a wide range of services and products to meet the trading needs of investors. With high praise from the trading community, BingX exchange has been and continues to assert its position as a top trading platform worldwide.