BingX review in 2023; Is it Scam?
BingX Exchange was founded in 2018 and is one of the leading worldwide cryptocurrency trading platforms. In this article, we are going to provide a review of BingX, compare it with some of the best Cryptocurrency Trading Platforms, and see if it can be a Binance alternative. Table of Contents 1. What is BingX – Where is BingX or Bingbon Exchnage from? – Who Owns BingX? 2. BingX Review 3. Features of BingX – Pros of BingX – Cons of BingX 4. Is BingX Legit? 5. How to Withdraw from BingX 6. Coinlocally; The Best Alternative for BingX 7. How to Delete BingX Account 8. Conclusion BingX in Summary Similar to other cutting-edge crypto exchanges, which apply some of the best Cryptocurrency trading strategies, BingX offers a variety of start-up benefits, including no-deposit bonuses. The exchange has a unique edge in the form of a social trading platform with a transparent rating. It is a simple and successful way for new investors to earn passive income. Quick Getaway: Looking for an alternative for BingX, which is more trustworthy? Sign up here and give this exchange a shot. What is BingX? BingX, founded in Singapore in 2018, is a pioneer and market leader in the crypto derivatives market. It has over 1 million users and is spread across Asia, including Taiwan, Japan, Korea, Russia, and Vietnam, to offer a dependable, robust, and cost-effective trading environment. The primary objective of the BingX platform is to allow consumers to buy and sell digital products from a single platform. The exchange also offers a wide range of services to users, including instant spot exchanges, derivatives pairs, and a fiat financial system for digital trading currencies with high leverage. Where is BingX or Bingbon Exchange From? BingX, also known as Bingbon in Singapore, is an ambitious crypto exchange that has been at the forefront of new blockchain technologies. Following a full makeover, the exchange was renamed BingX and immediately earned a reputation for its copy-trading features. BingX is a global financial services corporation with operations in North America, Canada, the European Union, Hong Kong, and Taiwan. BingX has also obtained four regulatory licences in Canada, the United States, Australia, and the European Union, allowing it to conduct business in other countries and regions where it provides services. Who Owns BingX? BingX’s founding and leadership team is comprised of pioneering individuals with over 10 years of experience in their respective fields of expertise from top VC firms, financial institutions like as J. P. Morgan and Standard Chartered Bank, and leading internet businesses such as Google, Tencent, and Alibaba. The United States Patent and Trademark Office received a trademark application for X BINGX on Friday, March 25, 2022. The X BINGX trademark has been assigned the serial number 97331914 by the USPTO. There is no detailed information available about the founders of BingX on the website of this exchange. In the About Us section of this exchange, it is said that the goal of the BingX exchange is to provide investment opportunities for all people in the simplest possible way in the financial markets. It is also written in this section that the BingX exchange offers its services in more than 100 countries in the world and its founding team consists of pioneering professionals from venture capital companies (VC), financial institutions such as J.P. Morgan, Standard Chartered Bank, and leading companies. Like Google, Tencent, and Alibaba, they have more than 10 years of experience in their respective specialized fields. However, referring to the LinkedIn page of BingX exchange, we find that more than 127 people work in this exchange. BingX Review With the increasing availability of digital trading platforms, selecting the best cryptocurrency exchange can be a difficult endeavor. There are numerous exchangers accessible on the market. Beginners can learn about the charting interface, platform features, trading pairs, security, customer support, and fees, all of which influence exchange quality in various ways. BingX is a well-known Asian trading exchange that offers a safe, secure, and quick trading platform for derivatives. In this BingX review, we will give you the most up-to-date and accurate information on BingX. Please keep in mind that this is merely a preview and does not constitute investment advice; therefore, before investing in cryptocurrency exchanges, please make an informed decision. Pros of BingX As a reliable exchange, BingX has advantages and positive points as follows: All-Inclusive Platform BingX provides an all-inclusive user-centric platform to over 100 countries worldwide. Security BingX has implemented up-to-date security technology to ensure that the platform is safe for users to trade on. Technical Features BingX offers a range of technical features such as an account manager, trade copier, and signal analytics. Customer Support BingX provides reliable customer support for users to inquire about their concerns. Cons of BingX No crypto exchange could be perfect and BingX as well, needs to improve in different areas as follows: 1- Limited Cryptocurrency Options BingX has a limited number of cryptocurrencies available for trading. 2- Rather high trading fees BingX charges fees for trading, withdrawals, and other services. The trading fees on BingX depend on the user’s trading volume and can range from 0.1% to 0.02%. 3- Withdrawal Fees The withdrawal fees on BingX vary depending on the cryptocurrency being withdrawn. “When I pressed them on the question the representative says maybe you should consider what is best for your own needs with a happy face at the end.” 4- Inadequate information on the exchange’s security. 5- BingX has a limited number of cryptocurrencies available for trading. 6- Below-par customer service quality. “Worst trading page even worse support!!!” 7- BingX has a limited number of cryptocurrencies available for trading. 8- US traders are not allowed. 9- Bad Copy Trading System “I have lost half of my money only by copying “conservative” traders especially”. Coinlocally’s demo trading