What is BingX?
BingX is a cryptocurrency exchange that offers a platform for users to trade a wide variety of cryptocurrencies. It is known for its focus on social trading, allowing users to follow and copy the trades of experienced traders.
Who is the Founder?
BingX was founded by a team of professionals in the blockchain and cryptocurrency space, though specific founder names are not widely publicized.
When Did It Start Operations?
BingX began operations in 2018.
Where Is It Based?
BingX is headquartered in Singapore.
In Which Countries Is It Banned?
BingX operates in many countries but may face restrictions in certain regions, including:
- United States: BingX has limited services for U.S. residents due to regulatory constraints.
- China: Cryptocurrency exchanges are banned.
- Other Countries: Various jurisdictions may have regulations that limit access to BingX’s services.
What Is the Trading Fee?
BingX’s trading fees typically range from 0.1% to 0.2%, depending on the specific trading pair and user trading volume.
Is Margin Trading Available?
Yes, BingX offers margin trading, allowing users to trade with leverage. This feature enables users to borrow funds to increase their trading positions, which can amplify potential profits but also carries higher risks.
