BingX Review: Multi-jurisdiction licensed
BingX is licensed in Australia, Canada, and Lithuania, making it one of the few major cryptocurrency exchanges with explicit multi-jurisdictional regulatory standing. Standard spot trading fee is 0.10% maker/taker; perpetual futures fee is 0.02% maker, 0.05% taker.
- Spot, entry tier: 0.10%
- USDT-M futures: 0.02% maker / 0.05% taker
- Code BCRBINGX → 30% fee discount on BingX fees
- Welcome bonus: Up to $5,125
Why BingX ranks #8 in our index
Rank #8 of 11 rests chiefly on multi-jurisdiction licensed, with BingX scoring strongest for regulated jurisdictions, copy trading, demo account. Its entry-tier spot fee is 0.10%; its referral terms give a 30% discount on trading fees. Axis weights: the methodology.
Strengths
- Licensed in Australia, Canada, and Lithuania
- Demo / paper trading account with bonus credit
- Copy trading lets a first-time buyer mirror a chosen trader instead of placing orders
- Generous deposit bonus stack
- 2,225 base assets when we read its instruments list on 17 Sep 2026, the deepest catalog of the eleven
Limitations
- A catalog that size means most of it is thinly traded — depth falls away fast outside the majors
- Lost funds from a hot wallet in September 2024 and never published its own loss figure
BingX fee schedule, entry tier
| Fee | Rate | Basis |
|---|---|---|
| Spot (maker = taker) | 0.10% | Entry tier, before referral discount |
| Futures maker | 0.02% | USDT-margined perpetuals, entry tier |
| Futures taker | 0.05% | USDT-margined perpetuals, entry tier |
Table 2 · BingX rates transcribed from the BingX fee schedule, read 7 Sep 2026. Change history: corrections log; the linked page is authoritative.
Where BingX sits in the index
BingX is #8, placed after MEXC review — Lowest published fees (#7) and ahead of Weex review — Highest leverage available (#9). Best-fit profile in our scoring: regulated jurisdictions, copy trading, demo account. 5 product lines at BingX (Spot, Futures, Copy Trading, Grid Bots, Demo) against 6 at Binance, Gate.io, MEXC, the broadest of the 11. Founded 2018 and based in Singapore / BVI, BingX lists 2225 assets, above the index median of 592 — counted from its own instruments endpoint on 2026-09-17. Security record, checked 2026-09-17: A hot wallet was drained over 19-20 September 2024. On-chain analysis by PeckShield, reported by CoinDesk and The Block, put the loss at about $43 million; BingX never published a figure of its own. Deposits and withdrawals were stopped, BingX said they would be back inside 24 hours, and it promised a compensation plan. Source ↗ Second source ↗
BingX against the index median
1 of the other 10 index members undercuts BingX on spot: 0.10% against a median of 0.10%. As a futures taker BingX charges 0.05%, under the 0.055% median — tied 2nd of 11 (with 3 others). The 30% BingX rebate is below the 40% index median: tied 8th of 11 (with 2 others). On a $1,000 futures taker fill, BingX charges $0.50 before the rebate and $0.35 after it (30%).
| Metric | BingX | Median (n=11) | Best (n=11) | Rank |
|---|---|---|---|---|
| Spot fee | 0.10% | 0.10% | 0% MEXC | tied 2nd of 11 (with 6 others) |
| Futures taker fee | 0.05% | 0.055% | 0.02% MEXC | tied 2nd of 11 (with 3 others) |
| Futures maker fee | 0.02% | 0.02% | 0% MEXC | tied 2nd of 11 (with 9 others) |
| Referral rebate | 30% | 40% | up to 60% Weex | tied 8th of 11 (with 2 others) |
Table 3 · BingX versus the index (n=11); Table 2 figures, read 7 Sep 2026.
How to claim the BingX fee discount
Referral terms at BingX attach at sign-up only: an account opened without BCRBINGX cannot add a 30% discount on trading fees afterwards.
- Register via this page; code
BCRBINGXis embedded in the URL. - Verify identity: BingX lists KYC as Required, so expect withdrawals to stay locked until a government ID is on file.
- Deposit $1 or more, the recorded minimum at BingX. The welcome-bonus tiers (published ceiling up to $5,125), set on the promotion page behind the sign-up button, typically start higher.
- Place one qualifying trade at BingX: 0.10% spot, 0.05% futures taker, entry tier.
- A 30% discount on trading fees then comes off every fill while BingX keeps the programme open.
References
- BingX fee schedule, read 7 Sep 2026: BingX official fee page (bingx.com)
- Founding year (2018) and headquarters (Singapore / BVI): CoinGecko exchange API entry for BingX, cross-checked on Wikipedia, cycle 7 Sep 2026.
- BingX referral programme page, quoted as published: Up to $5,125 bonus ceiling and a 30% discount on trading fees as the referral terms.