BingX exchange review
The king of copy trading — the most popular exchange for following professional traders.
Bitfa rating: 4.4 out of 5
BingX at a glance
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BingX review
BingX is best known for copy trading: a platform that lets you see the trades of thousands of professional traders and copy them automatically. The exchange has been active since 2018 and is very popular among Iranian users.
Spot and futures trading is possible without identity verification, although KYC is required for some features (such as higher withdrawal limits or certain campaigns).
History of BingX
BingX started in 2018 (originally under the name Bingbon) and went global under the BingX brand in 2021. It owes its fame mainly to one thing: the largest and best-known copy-trading platform in the crypto market.
Is BingX suitable for Iranian users?
✖ No — BingX has made identity verification (KYC) mandatory and does not serve Iranian users. Sign-ups with Iranian documents are not accepted, and accounts detected on an Iranian IP are exposed to restrictions and asset freezes.
If you're looking for an exchange that accepts Iranian users, turn to Bitfa's partners: sign-up without mandatory KYC and with Persian-language support.
BingX security
Verifiable reserves
Regular proof-of-reserves (PoR) reports for transparency over user assets.
2FA and anti-phishing code
Standard account-protection tools.
Cold storage
Most assets are kept offline.
BingX features
Copy trading
Thousands of traders with transparent stats on profit, win rate and risk — copy them in a few clicks.
Perpetual futures
Leverage up to 150x with competitive fees.
Spot trading
More than 700 coins.
Grid and bots
Ready-made trading bots for automatically trading price swings.
Demo trading
Risk-free practice with a demo account.
BingX bonuses and airdrops
🎁 Recurring welcome coupons
Bonuses are great for testing a strategy without risking your own capital; check each campaign's terms in the exchange's Rewards section. To activate the bonus, be sure to sign up through Bitfa's dedicated link.
BingX fees
| Spot fee (maker / taker) | 0.1% / 0.1% |
|---|---|
| Futures fee (maker / taker) | 0.02% / 0.05% |
| Crypto deposit | Free |
| Withdrawal | Varies by network |
BingX pros and cons
✔ Pros
- The market's best copy-trading platform
- Simple interface for beginners
- Low futures fees
✖ Cons
- KYC is mandatory and Iranian users are not accepted
- Futures spreads widen during sharp volatility
🔍 This review is based on real testing by the Bitfa team (sign-up, deposit, trading and withdrawal with our own money) and is updated whenever the exchange's conditions change.
The BingX app and its features
The BingX app makes copy trading on mobile very simple: view traders' portfolios, compare them and follow them.
- ✔ Full copy trading
- ✔ Spot and futures
- ✔ Price alerts
- ✔ Portfolio management
Step-by-step guide to signing up on BingX
Go to the exchange's website
Use the sign-up button on this page to go to the exchange's official website.
Create an account
Sign up with your email and enter the email verification code; choose a strong password.
Identity verification (KYC)
Upload the identity documents the exchange requires and wait for approval.
Deposit and start trading
Fund your account with USDT and place your first trade — ideally with a small amount.
How to deposit, withdraw and trade on BingX
How to start copy trading on BingX
- Fund your account with USDT (buy USDT on an Iranian exchange and transfer it over TRC20).
- In the Copy Trading section, filter traders by 90-day profit, win rate and maximum drawdown.
- Set your copy amount and loss limit — start with a small amount.
- Review performance weekly and drop weak traders.
Is BingX good for trading? (Bitfa's verdict)
In terms of copy-trading technology, BingX is one of the best on the market, but it has made KYC mandatory and does not serve Iranian users, so in practice this feature is out of your reach.
If you're after copy trading, Bitunix offers the same feature without mandatory KYC and with Persian-language support from Bitfa. For trading futures directly, LBank and Toobit are better choices thanks to their fee discounts and Persian support.
Sign up on BingXBingX FAQ
How does BingX copy trading work?
You filter traders by profit, win rate and risk, set an amount, and their trades are automatically replicated in your account. The trader's share is usually a percentage of your profit.
Can you use BingX without KYC?
No. BingX has made identity verification mandatory, and without it you can't trade or withdraw.
Is BingX safe for Iranian users?
BingX currently does not serve Iranian users and has mandatory KYC; accounts identified by an Iranian identity or IP are exposed to restrictions. For safe trading, turn to Bitfa's partner exchanges: LBank, Toobit, Bitunix, WEEX and XT.com.
Reviews of the top Iranian and global exchanges
⚠️ Risk warning: trading cryptocurrency, especially leveraged futures, carries high risk and may result in the loss of your capital. This page is for information only and is not investment advice. Some of the links on this page are affiliate links.