BingX Review 2027

BingX is built around one idea: you can follow the trades of other users instead of placing every order yourself. This BingX review looks at how far that social angle carries the platform, what it costs, and how the exchange handled its 2024 security breach. Founded in 2018 and registered in the British Virgin Islands, according to CoinGecko, BingX now lists hundreds of coins.

Copy Trading and Bots

Copy trading is the feature that defines BingX. You pick a trader, allocate funds and the platform mirrors their positions in your account. Trading bots add another way to automate a strategy.

Two cautions apply. A trader's past results do not predict future ones, and copying a leveraged futures trader means copying their risk as well. Start with small allocations and watch how a strategy behaves in a falling market.

It also helps to spread funds across more than one trader. If a single strategy goes wrong, the damage to your account stays limited.

The full product list is:

• Spot trading
• Perpetual futures
• Copy trading
• Trading bots
• Earn products

BingX Review of Fees

Pricing is easy to follow. Non-VIP users pay 0.10% maker and 0.10% taker on spot. There is no exchange token that cuts fees further, so the rate you see is the rate you pay unless you reach VIP levels.

That simplicity is useful for newer users. Traders used to stacking token discounts on other exchanges may find it less generous. Remember that copy trading and futures can involve their own charges, so review the full fee page for each product you use.

Coin Selection

CoinGecko counted 601 coins and 623 pairs on BingX in November 2026. That is a wide range of altcoins, enough for most traders looking beyond the large assets. As with any long list, smaller tokens carry more risk and often trade with less depth.

CoinGecko also gives BingX a trust score of 9 out of 10, which reflects factors such as liquidity and traffic on its own methodology.

The September 2024 Hack

In September 2024, BingX suffered a hot-wallet hack. Estimates of the loss range from about $43 million to $52 million, according to PeckShield, as reported by The Block, and other reports. BingX said the losses were covered and later resumed withdrawals.

Covering customer losses is the right response, but the incident is a reminder that hot wallets remain a target. Keep long-term holdings off the exchange.

Regulation

BingX's oversight is light. CoinGecko lists a Digital Currency Exchange registration with AUSTRAC in Australia, but it marks this entry as AI-sourced, so confirm it on AUSTRAC's public register yourself. Our research found no EU, UK or US licence.

Availability varies by country, so read the terms for your jurisdiction before signing up.

How to Start

Open an account through the official BingX site, enable two-factor authentication and complete verification. Before copying anyone, study their trade history, drawdowns and use of leverage, then begin with an amount you can afford to lose.

Final Assessment

BingX suits traders who want a social, automated approach and a wide altcoin list without complicated fee rules. The copy-trading tools are its clear strength.

Against that sit offshore registration and a costly 2024 breach. If you use BingX, treat it as a trading venue rather than a place to store savings, and size copy-trading positions carefully.

How BingX compares

Before you sign up, compare BingX with the other exchanges in our top 20 crypto exchanges ranking, where trust score and 24-hour volume update live. Two useful comparisons are the Gemini review and the Bitvavo review. You can also follow prices on our live crypto charts. Fees, licences and coin lists change often, so check the current terms on the official site at bingx.com before you deposit.