BingX
medium trust · scored on blocks worth 85 of 100 points
Affiliate link: we may be paid. It does not affect the score. 18+ only.
What people say
Ratings from our readers and fresh reviews from the exchange app's users.
Freekonomist readers' ratings
Give the exchange 1 to 5 stars and say briefly why. One rating per account, you can change it. Not part of the score.
App Store reviews
Latest 40 reviews: ★ 3.4 on average, complaints (1–2 stars) 38%. 🇺🇸 🇳🇬 🇦🇺 🇦🇪 🇵🇭
Scammers
Scammers. You took the money and immediately blocked the withdrawal.
etonetak · 🇺🇸 2026-10-19 · App Store ↗BingX
Your best place to trade especially gold oil Nasdaq etc
Give a try. You won’t regret · 🇺🇸 2026-10-14 · App Store ↗Event trading
Pls bring back event trading to my region Africa pls
Nickhatejdn · 🇳🇬 2026-10-06 · App Store ↗Improve Passport KYC Verification Instructions
I would like to provide feedback regarding the passport verification process. The KYC form requires “backside” image, but standard passport does not have a conventional backside containing Identity information like National Identity Card. The passport’s biographical details are on the main page, while the outside back cover might be blank or contain only administrative information. Please consider updating the verification flow to distinguish passport from two-sided ID cards, or provide a clear guidance on what passport holders should upload in the backside field. This would reduce unnecessary KYC rejections and make the process clearer for users.
ROI SAGANSAGIEL SASNIE · 🇺🇸 2026-09-15 · App Store ↗Show all reviews (40)
Grid bot earned 1.4% while I was at work
0.1% spot fee got a little lighter because I registered with LCNXHC, and the mystery box on my first deposit had a few USDT in it, which I used to seed a test grid. IT contractor in Melbourne, in crypto since 2017, on this app for about a year. Onboarding took roughly 25 minutes from download to first deposit including the ID check. No AUD rails, so I buy USDT on a local exchange with PayID and send it across; TRC20 lands in ten minutes. The grid bot is why I stay: an ETH/USDT grid between 3100 and 3300 caught roughly 1.4% last week while I was buried in a client sprint, and the bot screen on iPhone shows each filled grid line 📈 Perpetuals are there if you want them; I keep to spot and small
Shadow🎉Wolfi · 🇦🇺 2026-09-10 · App Store ↗Most exceedingly remarkable and extremely exceptional cryptocurrency recovery technology expertises
I need to share this in here so you won't lose your money cheaply to scam brokers. I invested about $123,050 on a binary option platform then I decideo to withdraw after several weeks but the withdrawal wasn't successtul, then I tried to contact the platform via email and phone number, ! didn't get a response from them that was when everything started looking weird. Some weeks later I got a mail from them insisting I should invest more money if I want to withdraw my money which I rejected, and! never hear from them again that was when I knew I had been scammed. I was really devastated at those moment and felt so bad that my hard earned money was gone. After some months I came across a lot of
Barry 🇦🇺 · 🇦🇺 2026-09-09 · App Store ↗Топовое приложение
Спасибо команде за оперативное обновление
эндрю ххх · 🇺🇸 2026-07-15 · App Store ↗The best app for trading
Lo recomiendo mucho la verdad me a ido excelente con esta app mejor que cualquier otra
aluseeezd · 🇺🇸 2026-06-02 · App Store ↗Use other applications
At the first start , it’s good application, looks good and perfect BUT If you need customer support, you are done ! By the way my account also they banned
Who tell you fact! · 🇦🇪 2026-05-24 · App Store ↗Simple Earn
The simple earn is too low compared to other platforms, and many currencies are unavailable in it!
Sami Da · 🇦🇪 2026-04-08 · App Store ↗Appreciation
A very good app, feels secure and easy, also fast
Bykboss · 🇦🇪 2026-03-25 · App Store ↗Good
So far so good but required to be more friendly like binance
Aamir6978 · 🇦🇪 2026-03-07 · App Store ↗T+1
I cannot trade because of your stupid T+1 experience and I didn’t do wrong, remove that or I will delete your app from my phone, it has no use NO USE I REPEAT
Ttttttt988 · 🇳🇬 2026-03-06 · App Store ↗Trading that feels transparent 👀
I use BingX when I want to trade but also keep it simple and controlled. Code LCNXHC gives a discount on trading commission + a mystery box (up to 200 USDT) after first deposit. What feels “real” here is Copy Trading: you can see trader history, drawdowns, and set your own rules (allocation, stop copying, etc.) instead of blindly following. The app is light, charts load fast, and position management is quick. Wish: add a clearer “fees + funding” preview before confirming and improve P2P filtering labels for Gulf users.
Said ☪️ · 🇦🇪 2026-02-28 · App Store ↗SCAMMERS
BE CAREFUL! This exchange scams retail traders and back-door shorts coins with their unlimited bankroll. Based in Singapore and have no regulations from stopping them. They are THIEVES. Delist $BigTrout
Guhvnuh Guh · 🇺🇸 2026-02-24 · App Store ↗Cơ chế zom nến rất ngu
Mỗi lần zom nến nó kéo nến rất nhỏ và rất khó chỉnh lại
Anh ba tập lâu · 🇺🇸 2026-02-11 · App Store ↗order liquidation not showing
after update while entering new trade liquiation not showing😡please rectify ASAP🫡
h4ashi · 🇦🇪 2026-02-08 · App Store ↗Good features and good speed . Nice & easy to use.
Very good app. Just need their customer service up to the per. Need more professional people.
Ussssfuss · 🇦🇪 2026-02-06 · App Store ↗Scam fraud 🙏🏼
Do not install this app trading fee is to hay manipulating trading % and time so please don’t use this platform am going to uninstall this app if anyone can feel this same thing inform publicly use another platform am done this platform 🙏🏼
Thymuriyil · 🇦🇪 2026-01-20 · App Store ↗Complain
I have never seen such a bad and worse exchange like this before They use to freeze peoples accounts without any good reason I advice you not to use this exchange at all matters And if you BingX didn’t looks towards this issues I will report you and terminate you in our community in Nigeria
Aqeebuh · 🇺🇸 2026-01-11 · App Store ↗Sàn chuối cực ae đừng chơi supphot nt không hợp ý xóa commen
Sàn chuối vào lệnh mất 20% nhắn suphot suphot xóa tn
Lão hạc bán cún · 🇺🇸 2026-01-03 · App Store ↗Full of scammers
You will lose your money. Stay away from this app
Najah hhhe · 🇦🇺 2026-01-01 · App Store ↗Chart Interface
Everything is great except the chart interface, please link to TradingView, on mobile and iPad.
TheHDude · 🇦🇪 2025-12-03 · App Store ↗This broker is a scam
This broker is a complete scam. They manipulate stop losses, and whenever you have a trade in high profit, the app suddenly freezes and you can’t close the position. On top of that, their fees per trade are extremely expensive. Stay away from this platform — it’s unsafe, unprofessional, and designed to make you lose money.
Leo.rr · 🇦🇺 2025-11-28 · App Store ↗Verification
I cant Complete my verification. I cant also Complete my authentication settings.
captainfeci · 🇳🇬 2025-11-24 · App Store ↗Comentario.
Aceptar al público estadounidense para operar en la app de forma normal.
mob787 · 🇺🇸 2025-11-22 · App Store ↗Terrible customer service
Customer service very unhelpful. Blocked my account and asked me to submit a video with my ID. I did it and they said it was not the correct ID but would not tell me what ID is required. So I uploaded videos with all my ID documents and they are still refusing to unblock my account. Your KYC documents are not visible through the app . Customer service utterly bad.
BingX - to be avoided · 🇦🇪 2025-11-18 · App Store ↗The phone gets terribly hot while you're using the app! (iPhone 16 pro)
Please fix this
Trizvini · 🇺🇸 2025-11-06 · App Store ↗Best Crypto Exchange in the world
I’ve been using BingX since the brand name was Bingbon, I witnessed the growth of the platform and It has always been the best platform for trading, if you have not tried it yet, just give it a try and see the difference yourself
Shayan.P · 🇦🇪 2025-11-03 · App Store ↗Fresh App Store reviews as they are: we neither edit nor pick them. They are not part of the score; the App Store average is.
Licences
4.5 / 25Where the exchange is legal: licences and registrations from regulators' registers, minus bans and fines.
Confirmed in regulators' registers
- 🇦🇹 AustrialicenceFMA Austria (ESMA MiCA register) · MEGE zweite GmbH (commercial name 'BingX EU', bingx.eu) · № LEI 984500G149054BADD925; authorised 13/10/2026 (register updated 14/10/2026)source ↗
- 🇦🇺 AustraliaregistrationAUSTRAC · BINGX GLOBAL PTY LTD · № ABN 31646052244source ↗
Claimed, not confirmed in a register
- 🇱🇹 LithuaniaregistrationFCIS / Registry Centre · BINGX EU UAB (reported) · № n/asource ↗
- 🇺🇸 United StatesregistrationFinCEN · BingX US Limited (claimed) · № n/asource ↗
- 🇨🇦 CanadaregistrationFINTRAC · BingX (claimed) · № n/asource ↗
Regulator actions
- 🇮🇳 Indiawarning · 2025-10FIU-IND non-compliance notice (1 Oct 2025) to BingX Limited (BVI); BingX also on Annexure II takedown listsource ↗
- 🇳🇴 Norwaywarning · 2023-07Finanstilsynet investor alert on BingX (2023)source ↗
Does not serve, by its own terms
🇦🇫 Afghanistan🇧🇮 Burundi🇰🇭 Cambodia🇨🇦 Canada🇨🇫 Central African Republic🇨🇳 China🇨🇺 Cuba🇨🇩 Congo - Kinshasa🇭🇰 Hong Kong SAR China🇮🇷 Iran🇱🇦 Laos🇲🇴 Macao SAR China🇲🇲 Myanmar (Burma)🇳🇱 Netherlands🇰🇵 North Korea🇵🇦 Panama🇸🇬 Singapore🇸🇴 Somalia🇬🇧 United Kingdom🇺🇸 United States🇺🇦 Ukraine
Reserves
18 / 20Proof of reserves: is there one, who checked it, how fresh it is and whether coins cover every client balance.
Security
11 / 15Past hacks and whether clients were made whole, the insurance fund.
Hacks
- 2024-09-20$43.3M · clients made wholeHot wallet hack. The exchange said it covered clients' losses.source ↗
Insurance fund
$134.4M · Shield Fund, per the exchange page as of 2026-10-21 source ↗
Liquidity
12.7 / 15Real BTC order-book depth within ±2% and futures open interest.
What people say
8.6 / 10App Store ratings across countries, weighted by the number of reviews.
🇻🇳 ★ 4.76 (7,433)🇷🇺 ★ 4.62 (4,605)🇺🇸 ★ 4.72 (3,136)🇺🇦 ★ 4.77 (3,096)🇩🇪 ★ 4.63 (1,641)🇹🇷 ★ 4.68 (1,135)🇧🇷 ★ 4.82 (1,093)🇪🇸 ★ 4.72 (998)
What the internet says
Across the sources reviewed for roughly April–October 2026, BingX feedback is mixed: app users and some independent reviews praise usability, while many recent Trustpilot complaints focus on restricted withdrawals, account reviews and slow or generic support. These are reported user experiences, not verified findings; the sources provide little consistent recent evidence about fee levels or KYC as a general policy.
- Some Google Play reviewers praise the interface as smooth, clean and user-friendly.
- Some independent reviews describe support as responsive for routine questions, though complex cases receive less favorable comments.
- Austria’s financial regulator authorized BingX’s European subsidiary under MiCA in October 2026, according to crypto-media reports.
- On Trustpilot, the most common recent complaints are withdrawals blocked or funds held during account/risk reviews, lengthy or unclear KYC and source-of-funds checks, and support replies users describe as generic or slow. Some reviewers also allege unexplained deductions, bonus disputes, trading-execution problems, or unresolved fiat/P2P transfers; these are user claims, not independently verified findings.
- Feedback is mixed across platforms: Google Play reviews include praise for a clean, user-friendly interface, alongside complaints about lag and unwanted app complexity. Recent App Store sentiment could not be established from the sources retrieved; review aggregators report high app-store ratings, but give varying figures.
- Crypto media reported BingX received an Austrian MiCA authorization in October 2026, while reporting also said Kazakhstan’s AIFC court restricted BingX’s unlicensed services in its jurisdiction. The widely reported BingX hot-wallet theft was in September 2024; the sources reviewed did not establish a new BingX hack in the six-month period covered.
AI summary (Perplexity) of public sources as of 2026-10-21. Not part of the score. Sources: 1 2 3 4 5 6 7 8
Reviews elsewhere: Trustpilot ↗ · Reddit ↗ · Google Play ↗
Opinion leaders
no dataWhat the opinion leaders from our Sentiment page write about it: the share of complaints among mentions over 90 days.
The opinion leaders have not mentioned this exchange yet. The block fills itself: we follow their posts every hour.
API reliability
no dataOur own check: does the exchange API answer, over 30 days.
Collecting checks: we need at least 10, now 6.
How we score
- Licences · 25 points. Where the exchange is legal: licences and registrations from regulators' registers, minus bans and fines.
- Reserves · 20 points. Proof of reserves: is there one, who checked it, how fresh it is and whether coins cover every client balance.
- Security · 15 points. Past hacks and whether clients were made whole, the insurance fund.
- Liquidity · 15 points. Real BTC order-book depth within ±2% and futures open interest.
- What people say · 10 points. App Store ratings across countries, weighted by the number of reviews.
- Opinion leaders · 10 points. What the opinion leaders from our Sentiment page write about it: the share of complaints among mentions over 90 days.
- API reliability · 5 points. Our own check: does the exchange API answer, over 30 days.
Licences: a full licence in the EU (MiCA), UK, US, UAE, Singapore, Japan, Hong Kong, Canada, Korea, Australia or Switzerland gives 5 points, a full licence elsewhere 3, a registration (such as FinCEN or AUSTRAC) 1.5, an application or in-principle approval 0.5. Each country counts its best entry, and only if confirmed in the regulator's register. Every regulator ban, fine or warning in the last 3 years costs 2 points, at most 8 in total.
Reserves: a published proof of reserves gives 4 points; zk proof 6, audited Merkle tree or audited filings of a listed company 4, unaudited tree 2; a snapshot under 45 days old 4, under 90 days 2; the lowest coverage among BTC, ETH, USDT and USDC at 100%+ gives 6, at 95%+ gives 3.
Security: 10 points minus 2 for each hack where clients were made whole and minus 6 where they were not; hacks older than 5 years count half. Plus 5 if the insurance fund can be checked via API or on-chain, 3 if the exchange only publishes the amount.
When a block has no data yet it is left out and the total is rescaled to 100 over the blocks we have. Our readers' ratings are shown separately and do not enter the score, so they cannot be gamed.
Sources: regulators' registers (ESMA, FinCEN, AUSTRAC, VARA, MAS and others), the exchanges' proof of reserves pages, Powered by CoinGecko (depth and open interest), Apple App Store, the exchanges' public APIs, mempool.space, opinion leaders' posts on X. Licences checked 2026-10-21, data updated .
Partnerships do not affect the scores. We have affiliate links with some of these exchanges and may be paid if you sign up. A script computes the scores from public data with the same rules for all; the method and sources are below. Not investment advice. Trading crypto, especially with leverage, is high risk. 18+ only.