Advantages and disadvantages
- Ability to copy transactions of experienced traders
- Built-in tools for market analysis and forecasting
- Low commissions
- Limited selection of tradable cryptocurrency pairs
Registration and verification
Registration took literally a couple of minutes - I came up with a nickname, entered my email and password.
Verification was also very fast - I simply uploaded a photo of my passport and face profile. A couple of hours later the account was verified. No additional documents were requested.
Making a deposit
I decided to start with a small amount of $200 to get comfortable with trading first. Made a deposit via Visa card. The commission was 3%, a little more than I expected.
Funds were credited to the balance almost instantly. I was able to start trading immediately without having to wait for transaction confirmation like some other exchanges.
Interface and trading tools
The BingX interface looks modern and stylish - dark theme, beautiful graphics. I liked the layout of the main elements - the order book, charts, transaction history.
On the downside, sometimes there were glitches when viewing charts; they froze for a few seconds. During active trading, such “freezes” are very annoying.
Trading and analytics
I opened the first trades carefully, with a small leverage of 1:3. I managed to earn about $50 from Bitcoin fluctuations in the first days. This gave me confidence, and then I began to trade more aggressively.
The exchange has convenient analysis tools - a news calendar, forecasts. But unfortunately, many of the forecasts of these “analysts” did not come true. I lost about $30 investing in an altcoin based on their predictions that didn’t pan out.
Withdrawal of funds
When I decided to withdraw part of the profit from the account, the process took several minutes.
Results
Overall, BingX came across as a typical “starter” crypto exchange. It is suitable for the first steps in trading and small amounts. But for serious trading, I would advise choosing a more reliable and liquid exchange.
The experience of trading on BingX was useful.
