Here is a complete tutorial on using BingX Exchange, including how to withdraw and deposit funds. Register using the exclusive promo code to receive a 10% transaction fee discount and a $160 USD bonus!

BingX is a social trading platform that offers cryptocurrency and cryptocurrency derivative trading services to users. Founded in 2018, BingX aims to reduce the entry barriers of digital asset trading through social trading networks while utilizing technology to make digital asset trading more open and transparent.

BingX offers a global range of trading products, including mainstream cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and emerging blockchain project tokens. The exchange has advanced trading technology and a sound risk control system to ensure the security and stability of user transactions.

To help more users utilize the BingX exchange for cryptocurrency trading, we have prepared a tutorial on deposit and withdrawal operations. This article provides a detailed guide and tips for depositing and withdrawing funds from the BingX exchange, allowing readers to become more familiar with the operation process and precautions of the BingX exchange and engage in trading more effectively. If you are a beginner or have doubts about the operation process and techniques of the BingX exchange, this article is a guide you cannot afford to miss

What discounts are available with BingX Exchange referral codes?

Click on the link below to directly access the registration page using 

BingX referral code【NOKKS5QM】. 

The discount offer is a 10% discount on transaction fees, and the fee reduction is applied directly to the account during trading. 

Use the following link to register for a BingX account: https://bingx.com/invite/NOKKS5QM

 (This is a special registration link that allows you to enjoy a 10% reduction in transaction fees within 90 days). 

Additionally, newcomers can also enjoy a $160 USD experience bonus.

Registering for a BingX account.

BingX Exchange Registration Tutorial.

1. Click the link to go to the BingX official website: https://bingx.com/invite/NOKKS5QM
2. Choose to register with email or phone number
3. Enter your account, password, and referral code 【NOKKS5QM】
4. Click Next
5. Enter the verification code and click Register
6. Registration is complete.
   
   Registering for a BingX account.

Registering with the referral code 【NOKKS5QM】 allows you to enjoy the highest 10% commission rebate and a newcomer bonus worth 5125 USDT on the entire network. The registration process only takes 3 minutes. If you are still unfamiliar with this exchange, you can read this introduction to BingX first.

Registering for a BingX account.

BingX Security Settings Tutorial.

Enable your Google Authenticator on BingX, follow these steps:

1. Click on Account and Security.

2. Scroll down to Binding and click on it.

3. Download the Google Authenticator app and click Next.

4. Add the key and click Next.

5. Enter your email address and Google verification code, and click Submit.

We recommend enabling all security settings on BingX. As an example, we will highlight the importance of Google Authenticator. If you have been in the cryptocurrency industry for some time and prioritize asset security, then like most people, you probably have multiple Google verification code accounts.

BingX currently supports three deposit methods based on actual testing:

• Wallet Transfer: Transfer funds from an external wallet to BingX, suitable for those who already have cryptocurrency.

• BingX Credit Card Purchase: Buy cryptocurrency directly on BingX with a credit card. It is fast and convenient, suitable for those who want to deposit quickly, but the handling fee is slightly higher.

• BingX C2C Deposit: Purchase cryptocurrency on BingX with other users with no handling fee, suitable for both large and small deposits.

BingX Deposit Fee Summar：

• Wallet transfer deposits have no handling fee, but be aware of any potential withdrawal fees from other wallets.

• Credit card purchases have an approximate handling fee of 6.5%. 

• C2C purchases have no handling fee

Here is a tutorial on transferring and withdrawing funds on BingX:

Currently, BingX only supports wallet transfer withdrawals, which is the same method used for depositing through wallet transfer. Before withdrawing, you must bind your Google verification code or mobile verification in the background. If you have already completed this step, you can skip it.

Let’s use USDT and TRC20 as an example. In your wallet, select USDT and the TRC20 network, and then copy the address you want to deposit to.

In the BingX backend, go to the “Withdraw” section and select USDT and the TRC20 network. Paste the address you copied earlier and enter the transfer amount. Click “Confirm Withdrawal,” and the withdrawal process is complete!

Here is a tutorial on the BingX Credit Card Purchase Deposit Process:

Enter the currency purchase page.

Select the desired currency type. Let’s use USDT as an example for purchasing MYD.

At this point, the system will display available service providers to choose from. Let’s briefly introduce three service providers that support credit card deposits:

• MoonPay: Established in 2019, it is a cryptocurrency payment provider that allows for coin purchases via credit card. It currently has over 5 million users.
• Coinify: A Danish blockchain trading company that provides trading, payment, and online business services, among others.
• Banxa: A PSP payment company in Australia and the Netherlands that aims to connect traditional finance with cryptocurrency, making it easy for the public to convert fiat currency and cryptocurrency assets.

To choose the cheaper option, we will select MoonPay and click “Purchase” on the right side.

Registering for a BingX account.

After selecting MoonPay, you will be redirected to their page where you will enter your email address and receive a verification code. Enter the verification code found in the email and click Continue.

After verifying your email, enter your accurate basic information on BingX, including your full name, date of birth, and nationality. Then, select a billing address to process your coin purchase.

If you encounter verification issues when using MoonPay for the first time, the system may require you to undergo identity verification. 

Please prepare your mobile phone and ID card and follow the system prompts to complete the process. If you have already passed the KYC verification before, this step will not appear.

After scanning the QR code with your mobile phone, please upload photos of the front and back of your ID card and complete a facial selfie. It is recommended to save the photos on your phone beforehand for convenience.

After completing the identity verification process, return to the MoonPay purchase page and wait for the system verification to complete. 

Then, simply enter your credit card number to complete the coin purchase, similar to using a credit card overseas. 

However, if “Purchase Failed” is displayed at this time, it means that your issuing bank does not support BingX deposit services. In this case, you will need to try another card.

BingX C2C Coin Purchase Deposit Process Tutorial

After entering the C2C page, we can directly enter the amount of MYD we want to purchase.

Enter the BingX referral code [NOKKS5QM ] when registering to enjoy a 10% transaction fee rebate and new user benefits.

The rest of the registration process is quite simple, and it only takes about 3 minutes to create a BingX account, which is user-friendly for cryptocurrency newcomers.

To register, click on the button below: https://bingx.com/invite/NOKKS5QM

Registering for a BingX account.

Next, choose a payment method, which includes Jkopay, bank transfer (requires a domestic bank), and face-to-face cash transactions. For this example, we will use Jkopay.

We recommend choosing Jkopay or bank transfer, as the risk of face-to-face cash transactions is high. If face-to-face transactions are necessary, we recommend arranging them at a bank or police station.

Once you choose a payment method, you will be directly transferred to a seller, and the transaction process may vary slightly for each seller. 

For example, the seller I encountered this time asked me to add him on LINE first, confirm the information, and then transfer the payment using Jkopay.

The reason the seller wants to add you on LINE is to avoid receiving black money and to contact you if necessary to prevent being questioned by the police. After confirming the transfer, click “I have paid” below and wait for the system to release the payment.

BingX Copy Trading Tutorial

1. Click on Copy Trading on the BingX homepage.
2. Select the type of BingX Copy Trading or search using the magnifying glass.
3. After finding the trader, click on Copy Trading.
4. Select the principal category and enter the single principal amount.
5. Set the Stop Loss and Take Profit.
6. Click on Advanced Settings and adjust the parameters according to your fund amount.
7. Complete all BingX Copy Trading processes and successfully copy trade.

It is recommended to test with VST when not familiar with the trader. For Stop Loss and Take Profit, you can refer to the recommendations given by the trader or set them based on your own test results.

BingX Copy Trading Tutorial for Mobile

If you want to use BingX Copy Trading on your mobile phone, you can watch the official video tutorial provided by BingX: 

https://youtu.be/tGyNJzF2MJM

Notes on BingX Copy Trading

I will now share with you the advantages and disadvantages of BingX Copy Trading, as well as potential issues that beginners may encounter when trying it for the first time. These are based on my personal experience of playing BingX for a long time, and may be biased, so please watch them carefully

Advantages of BingX Copy Trading

• No need to monitor the market
• Fast returns
• Can fully understand each trader

Each trader on the platform is like running their own personal media. This allows you to better understand the trader’s personality and trading philosophy. However, I have also found that returns can come quickly, but losses can come just as quickly. I suggest that beginners should not blindly pursue high rates of return when first trying BingX Copy Trading. Instead, try more traders and use VST for testing at the beginning. Finally, confirm that 3-5 traders are making money for you, and diversifying risk is a smarter approach.

Disadvantages of BingX Copy Trading

• Beginners may pick the wrong trader
• Easy to ignore the importance of Stop Loss
• Overemphasis on certain values

When beginners first try BingX Copy Trading, they may place too much emphasis on the rate of return, which can lead to making poor choices. It’s important to not be overly eager to make money and instead choose a trader with a stable long-term rate of return. Another common mistake is forgetting the importance of Stop Loss and entrusting the trader to handle it. Following the wrong trader can result in blowing up your position and wiping out all your profits without Stop Loss protection.

BingX Withdrawal Tutorial

1. Click on Withdrawal on the BingX homepage.
2. Select the currency, transfer network, address, and amount to withdraw from BingX.
3. On the Max homepage, click on Wallet and then Deposit.
4. Click on BSC, copy the address, and paste it into the BingX withdrawal page.
5. Complete all BingX withdrawal processes.

As for the safety of BingX Exchange, it is important to note that the platform has implemented various security measures, such as two-factor authentication and SSL encryption, to protect users’ assets and information. However, as with any investment, there is always a certain level of risk involved. It is recommended to exercise caution and conduct your own research before making any investment decisions.

Enter the BingX referral code [NOKKS5QM ] when registering to enjoy a 10% transaction fee rebate and new user benefits.

The rest of the registration process is quite simple, and it only takes about 3 minutes to create a BingX account, which is user-friendly for cryptocurrency newcomers.

To register, click on the button below: https://bingx.com/invite/NOKKS5QM

Registering for a BingX account.

Summary of BingX Withdrawal Fees:

• Wallet transfer withdrawal: Different withdrawal fees apply for each currency.
• C2C sell currency withdrawal: No handling fee is charged.
• Withdrawal via ACE and MAX MYD: Only wallet transfer and interbank transfer fees are charged.
• Withdrawal via FTX Pro USD wire transfer: A wallet transfer fee is charged and a wire transfer fee is charged.

Introduction to BingX Exchange, is this exchange safe?

Compliance is a crucial aspect for BingX, and the platform has obtained the necessary financial licenses to operate legally in many countries and regions. This has strengthened BingX’s competitiveness globally and marked the beginning of its globalization journey.

BingX 100% reserve: Merkle tree verification tutorial

To provide users with more transparent exchange data viewing, BingX has established Merkle tree proof, ensuring 100% margin proof. This was done quickly following the FTX incident, where the former world’s second-largest exchange suffered an explosion.

To check the current mainstream asset margin rate, simply refer to the explanation provided. In simple terms, a percentage greater than 100% is better.

verify whether our asset balance matches the Merkle leaf node, which indicates whether our assets have been tampered with or misused, follow these steps:

• Copy “My Hash ID”.
• Click on the verification link.”
  

After entering the Merkle tree verifier, paste the copied Hash ID and click “Search Now”. The “Total assets corresponding to the Hash ID” will appear. Compare it with your own total assets to ensure that BingX is properly safeguarding your assets, or at least very close to it.

Real BingX User Reviews:

1️⃣ BingX cryptocurrency exchange is one of the best trading platforms for cryptocurrencies that I have ever used. The interface is very intuitive and easy to use, and it feels very secure. I feel confident that my funds and personal information are well protected. I highly recommend BingX cryptocurrency exchange.

2️⃣ I have been searching for a secure and user-friendly cryptocurrency exchange, and BingX cryptocurrency exchange fits my needs perfectly. I feel that my funds are well protected, and the transactions are very smooth. I have even recommended this platform to my friends.

3️⃣ BingX cryptocurrency exchange provides a comprehensive cryptocurrency trading ecosystem that not only offers trading for multiple cryptocurrencies but also provides many practical features like market monitoring and quote reminders. I am very satisfied with the performance of BingX cryptocurrency exchange, and it is definitely one of the most trusted trading platforms for me..

Summary of BingX Registration:

Enter the BingX referral code [NOKKS5QM ] when registering to enjoy a 10% transaction fee rebate and new user benefits.

The rest of the registration process is quite simple, and it only takes about 3 minutes to create a BingX account, which is user-friendly for cryptocurrency newcomers.

To register, click on the button below: https://bingx.com/invite/NOKKS5QM

Registering for a BingX account.

To continue learning more about BingX exchange, you can visit the official website or follow their social media accounts. The official website provides detailed information about the exchange and the latest market trends.

Looking ahead, we expect BingX exchange to continue being a major participant in the cryptocurrency market, providing more innovative products and services. We advise readers to stay up to date with the latest cryptocurrency market trends to make informed investment decisions.