BingX: reviews, fees and security
By the NexoTrade team · Checked on October 22, 2026
BingX is a good fit if you trade USDT futures and want low fees and copy trading. It isn’t for you if you want an exchange supervised in your country: the code opens the account on bingx.com, which isn’t authorized under MiCA, so if you live in the European Union you use it at your own risk.
Quick facts
| Detail | BingX |
|---|---|
| Founded | 2018 |
| Who operates it | Nieve Cruz PA Corporation (country not stated) |
| Futures: maker / taker | 0.02 % / 0.05 % |
| Spot: maker / taker | 0.1 % / 0.1 % |
| Maximum leverage on BTCUSDT | 150x |
| Copy trading | Yes: futures and spot |
| Identity verification | Its help center isn’t clear about it |
| Proof of reserves | BTC 143.42 % · ETH 123.93 % · USDT 127.36 % · USDC 125.87 %, no total ratio (October 14, 2026) |
| MiCA license (EU) | Only its subsidiary BingX EU, without futures; the code is for bingx.com |
| PSAV register (Argentina) | Not listed |
AdvertisingIf you open your account through these links, CryptoBruj receives a commission from the exchange. It costs you nothing.
CryptoBruj’s code on BingX
cryptobrujYou enter it in the “Invitation code” field when you create the account.
The code opens your account on bingx.com, which isn’t authorized under MiCA. Its European subsidiary, BingX EU, has been authorized since October 13, 2026, but only to buy, sell and hold crypto (no futures), and it hasn’t said yet when it opens. If you live in the European Union and use bingx.com, you do so at your own risk: if something goes wrong, there’s no European supervisor you can complain to. In the ESMA register, Spain isn’t among the countries where BingX EU can provide services. Its status in the ESMA register
Fees
On futures, without a VIP level, BingX charges 0.02 % to those who place a limit order (maker) and 0.05 % to those who trade at market (taker). On spot, 0.1 % and 0.1 %.
An example on BTCUSDT: opening and closing a 10,000 USDT position at market (for example, 1,000 USDT of margin at 10x) costs about 10 USDT in fees. Funding is paid or received separately, every few hours.
Futures and copy trading
USDT perpetuals with up to 150x leverage on BTCUSDT. Being able to doesn’t mean you should: above 20x, a small price move liquidates you. Cross or isolated margin
It has copy trading for futures and spot: you copy another trader’s trades with part of your balance. What that trader made before says nothing about what you’ll make, and their losses get copied too.
Security
- Proof of reserves: BTC 143.42 % · ETH 123.93 % · USDT 127.36 % · USDC 125.87 %, no total ratio (October 14, 2026). It says how much it holds against what it owes its customers in those assets, not whether the exchange is solvent in everything else.
- Identity verification: its own help center contradicts itself on what you can do without it. Expect to have to verify to withdraw.
- On September 20, 2024, there was a theft from one of its hot wallets, and BingX didn’t give the amount. BingX says it covered it with its reserves. Its statement
- Its terms of use say it’s operated by Nieve Cruz PA Corporation, without saying which country it’s from. It was founded in 2018.
Where it can provide services
| Detail | BingX |
|---|---|
| Spain and the rest of the European Union | With the code, on bingx.com, which isn’t authorized under MiCA (ESMA register, October 22, 2026): you use it at your own risk. Its subsidiary BingX EU is, without futures, and it hasn’t said when it opens |
| Argentina | With the code, but it isn’t listed in the CNV’s PSAV register (October 22, 2026) |
| Mexico, Colombia and the rest of Latin America | Yes, with the code |
| Other countries | With the code; check its terms to see whether it accepts residents of your country |
How we make this profile
The data comes from BingX’s official website, its help center and public registers (ESMA in the European Union, the CNV in Argentina), with the date of each check. We don’t give ratings: we don’t have a published method for scoring exchanges. It’s written by the NexoTrade team.