BingX vs Binance isn’t just a comparison. It’s a choice that can define your trading edge. Both platforms are leading crypto exchanges with powerful tools, a variety of assets, and competitive fees. Choosing the right one can affect not only your profits but also how confidently you trade in a fast-moving market. The question is, which one will truly improve your trading game?
In this guide, we’ll break down the core features of BingX and Binance, their fee structures, security measures, and supported currencies to help you make the smartest choice. Keep reading to discover which platform aligns best with your trading goals and strategy.
BingX vs Binance: A Glance Comparison
FeatureBingXBinanceLaunched Year 20182017Supported Coins750+ cryptocurrencies350+ cryptocurrenciesMaximum LeverageUp to 150xUp to 125xTrading FeaturesGRID trading, copy trading, spot, and futuresMargin trading, spot, futures, NFTs, trading bots, and moreHeadquartersSingaporeNo global headquarters (Previously Malta)Best ForTraders seeking copy trading and new altcoinsHigh-volume tradersMargin TradingLimited on futuresAvailableCrypto LendingNot availableAvailableNFT MarketplaceNot availableAvailableTrading Fees0.1% maker/taker for spot; 0.02% maker / 0.05% taker for futures0.1% maker/takerFunding MethodsVisa, Maestro, MoonPay, MercuryBank transfer, credit/debit cards, Apple Pay, GPay, Simplex, and 300+ P2PMobile AppiOS and AndroidiOS and AndroidProof of Reserves (PoR)YesYes
What is BingX?
BingX has been one of the highly acclaimed cryptocurrency exchanges in the market since 2018. This exchange operates from Singapore and continues to branch out to other countries. With a user base spanning over 150+ nations, BingX has become a trusted platform for both beginners and experienced traders.
When you explore BingX crypto exchange, you’ll find a leading cryptocurrency exchange platform that combines simplicity with powerful tools. It offers access to over 750 cryptocurrencies, from popular coins like Bitcoin to emerging altcoins. As a trader, you can access a social trading feature that allows you to follow other successful traders and copy their strategies.
You can access up to 150x leverage trading on BingX, making it a valuable platform for those looking to make larger trades. Is security one of your top concerns? BingX has you covered with features like cold storage and multi-signature wallets. BingX’s large pool of liquidity, driven by high trading volumes, ensures users can execute trades are executed efficiently.
Pros & Cons of BingX
ProsConsIntuitive platform design, ideal for beginners.Limited fiat currency support for deposits and withdrawals.Social trading feature to follow and copy top traders.Advanced tools may be complex for novice users.Extensive cryptocurrency selection with over 750 tokensRegional restrictions on certain features.High leverage options for futures trading.Higher fees for specific trading pairs compared to competitors.Strong focus on security with cold storage and proof-of-reserves.Customer support availability can vary by region.
BingX is best for:
Diverse cryptocurrency traders looking to access over 750 cryptocurrencies and 830 trading pairs.Copy traders who want to replicate the strategies of experienced professionals.Beginners seeking a user-friendly platform with demo trading to practice risk-free.Advanced traders require tools like high-leverage futures, grid trading bots, and advanced order types.Global users in 150+ regions who value regulatory compliance and secure trading environments.Security-conscious investors prioritizing features like two-factor authentication and proof-of-reserves.
What is Binance?
Binance has become a powerhouse in the cryptocurrency market, offering a platform that’s packed with features for traders of all levels. Since its launch in 2017, it has grown to support over 500 cryptocurrencies and many trading pairs, making it a top choice for anyone looking to dive into crypto. From spot trading to futures and staking, Binance has built a reputation for being user-friendly while offering advanced tools for experienced traders.
One of Binance’s standout features is margin trading, which lets you borrow funds to increase your trading power. With leverage options of up to 10x for Isolated Margin and 5x for Cross Margin, you can amplify your trades and take advantage of market movements. Cross Margin allows you to use your entire balance across multiple trades, while Isolated Margin keeps your risk limited to individual positions. It’s all about giving you control and flexibility to match your trading style.
What really makes Binance shine is its focus on security and trust. The platform uses two-factor authentication (2FA), proof-of-reserves, and an insurance fund to protect your assets. Plus, it operates in over 180 countries and complies with local regulations, ensuring a safe and reliable trading experience. Whether you’re a beginner or a seasoned pro, Binance provides the tools and support to help you trade with confidence.
Pros & Cons of Binance
ProsConsAccess to over 350 cryptocurrencies and a variety of trading pairs.Advanced features can be intimidating for first-time users.Margin trading with flexible options like Cross and Isolated Margin.Withdrawal fees vary and can be higher for certain assets.Strong global presence with operations in 180+ countries.Restricted access in some regions due to regulatory challenges.Low trading fees, with discounts for using Binance Coin (BNB).Customer support response times can be slow during high demand.Offers diverse tools like staking, futures, and P2P trading.Some features may require a steep learning curve for new traders.
Binance is best for:
Active traders who value low fees, with spot trading fees starting at just 0.1%.Investors are looking for a wide selection of over 350 cryptocurrencies and numerous trading pairs.Security-conscious users who appreciate features like two-factor authentication (2FA) and the Secure Asset Fund for Users (SAFU).Advanced traders seeking tools like margin trading with up to 10x leverage and futures trading.Users interested in earning passive income through staking, liquidity pools, and Binance Earn.Global users who need access to a platform operating in over 180 countries, with compliance to local regulations.
BingX vs Binance: Trading Features
FeatureBingXBinanceLeverageUp to 150x for futures trading.Up to 125x for futures and 10x for margin trading.Order TypesMarket, Limit, Trailing Stop, Take Profit/Stop Loss, Trigger Orders.Market, Limit, Stop-Limit, Trailing Stop, TWAP, Scaled Orders.Trading BotsSpot Grid, Futures Grid, Spot Infinity Grid for automated strategies.Spot Grid, Futures Grid, DCA (Dollar-Cost Averaging), TWAP, and Rebalancing bots.Copy TradingAdvanced system with 40,000+ professional traders and detailed performance stats.Basic copy trading with limited trader insights.Supported Trading Pairs830+ trading pairs.1,400+ trading pairs.Futures TradingPerpetual futures contracts and standard futures with high leverage.Perpetual and COIN-M/USDT-M futures with advanced charting tools.
BingX vs Binance: Platform Products and Services
Product/ServiceBingXBinanceStaking OptionsSimple Earn (Fixed and Flexible) and Shark Fin for structured returns.Flexible and Locked Staking, Dual Investment, and BNB Vault.NFT MarketplaceNot available.Comprehensive marketplace with exclusive collections and multi-chain support.Fiat IntegrationLimited fiat deposit and withdrawal options.Extensive fiat support with 300+ payment methods, including P2P trading.Educational ResourcesBasic tutorials and guides for beginners.Comprehensive Binance Academy with articles, videos, and interactive quizzes.Security MeasuresProof of Reserves, 2FA, Anti-Phishing Code, and Insurance Fund.Secure Asset Fund for Users (SAFU), advanced risk monitoring, and withdrawal whitelists.Customer SupportEmail, live chat, and help center.24/7 live chat, email, and social media support.
What BingX Crypto Exchange Offers:
Social trading community with interactive features to connect with other traders.Localized support for multiple regions, including language-specific customer service.Low trading fees for futures and spot markets, making it cost-effective for frequent traders.User-friendly interface designed for beginners, with simplified navigation and tools.Mobile-first approach, ensuring seamless trading on the go with optimized app performance.
What Binance Exchange Offers:
Launchpad for new tokens, allowing users to participate in early-stage token sales.Savings products for earning interest on idle crypto assets.Advanced analytics tools for professional traders, including API integrations for algorithmic trading.Multi-chain wallet support, enabling users to manage assets across different blockchains.Exclusive partnerships and promotions, such as discounts for BNB holders and event-based rewards.
BingX vs Binance: Fee Structures
Fee TypeBingXBinanceSpot Trading FeesCharges 0.1% for both maker and taker trades, with occasional zero-fee campaigns on select pairs.Standard 0.1% maker and taker fees, with reductions available for users holding BNB.Futures Trading FeesOffers 0.02% for makers and 0.05% for takers, with additional discounts for high-volume traders.Competitive rates of 0.02% for makers and 0.05% for takers, with VIP tier-based reductions.Deposit FeesNo fees for crypto deposits; fiat deposits may involve charges from third-party providers.Crypto deposits are free, while fiat deposit fees vary by payment method.Withdrawal FeesCrypto withdrawal fees are dynamic and adjust based on blockchain network activity.Withdrawal fees for crypto are variable; fiat withdrawals may incur charges depending on the method.Discount ProgramsProvides fee reductions through referral programs and trading volume milestones.Discounts available for BNB holders and VIP users, with additional perks for frequent traders.TransparencyMaintains a clear and upfront fee structure with no hidden charges.Transparent fee policies, though some fiat methods may include extra processing fees.
BingX vs Binance: Coins Supported, Liquidity & Volume
CategoryBingXBinanceNumber of Coins SupportedOffers a diverse selection of over 750 cryptocurrencies, paired across 830+ trading combinations.Provides access to more than 500 cryptocurrencies, with an extensive 1,500+ trading pairs.LiquidityMaintains strong liquidity in its futures markets, ensuring efficient trade execution.Recognized as the global leader in liquidity, covering both spot and futures markets.Daily Trading VolumeWhile specific figures are not disclosed, BingX is highly competitive in futures trading.Dominates the market with daily trading volumes exceeding $11 billion, cementing its status as the largest crypto exchange worldwide.
BingX vs Binance: Security Comparison
When it comes to cryptocurrency trading, security is a cornerstone for any platform, and both BingX and Binance have established themselves as leaders in safeguarding user assets. However, their approaches to security reveal some key differences that traders should consider. BingX emphasizes transparency and user trust through its robust Proof of Reserves (PoR) system. This feature ensures that all crypto holdings are fully backed, with regular audits conducted by reputable third-party firms.
On the other hand, Binance, as the world’s largest cryptocurrency exchange, has developed a multi-layered security framework to protect its vast user base. One of its standout features is the Secure Asset Fund for Users (SAFU), an emergency reserve designed to cover unexpected losses in the event of a security breach. Binance also implements 2FA, device management tools, and address whitelisting, similar to BingX.
Another critical aspect of the BingX vs Binance security comparison is their approach to regulatory compliance. BingX operates in over 150 regions and adheres to strict regulatory standards in jurisdictions like the European Union and Australia. This compliance not only enhances its credibility but also provides users with an added layer of assurance regarding the platform’s legitimacy. Despite this, Binance has made significant strides in aligning with local regulations, including the establishment of region-specific entities like Binance.US.
BingX Exchange Security Measures
Proof of Reserves (PoR): BingX ensures complete transparency by verifying that all user funds are fully backed, with audits conducted by independent third-party firms.Two-Factor Authentication (2FA): Adds an extra layer of protection by requiring a time-sensitive code from Google Authenticator or SMS for account access.Anti-Phishing Features: Users can set personalized anti-phishing codes to distinguish genuine emails from fraudulent ones.Withdrawal Address Whitelisting: Restricts withdrawals to pre-approved wallet addresses, reducing the risk of unauthorized transactions.Cold Wallet Storage: Most user assets are stored offline, significantly lowering the chances of cyberattacks.Global Compliance: Operates in over 150 countries, adhering to strict regulatory standards in regions like the European Union and Australia to ensure user trust.
Binance Security Measures
Secure Asset Fund for Users (SAFU): Binance has a dedicated reserve fund to compensate users in the event of a security breach or unexpected loss.Two-Factor Authentication (2FA): Strengthens account security by requiring a verification code from an authenticator app or SMS.Device Management: Users can monitor and control which devices have access to their accounts, adding an extra layer of security.Whitelisted Withdrawal Addresses: Ensures that funds can only be withdrawn to pre-approved wallet addresses, preventing unauthorized access.AI-Powered Risk Detection: Employs advanced artificial intelligence to identify and block suspicious activities in real-time.Cold Storage Solutions: The majority of user funds are kept offline in secure cold wallets, minimizing exposure to online threats.Regulatory Adaptation: Binance works to comply with local regulations globally, including creating region-specific platforms like Binance.US to meet legal requirements.
BingX vs Binance: Affiliate & Referral Programs
FeatureBingXBinanceReferral RewardsUp to 50% commission on trading fees from referred users1.Up to 50% commission on trading fees, with tiered benefits based on performance2.Affiliate ProgramIncludes bonuses like $500 weekly trading bonuses and up to $32,000 USDT monthly.Offers a performance-based structure with no caps on commissions.Payout FrequencyWeekly payouts in USDT or other supported cryptocurrencies.Real-time payouts in BNB or other cryptocurrencies.Promotional ToolsProvides banners, links, and marketing materials for affiliates.Offers banners, widgets, and API integrations for affiliates.EligibilityOpen to individuals with 1,000+ followers or communities of 300+ members.Requires application approval, prioritizing influencers and high-traffic platforms.Additional PerksBonuses for affiliates who bring in high-value traders or large trading volumes.Special incentives for achieving milestones, such as VIP status or exclusive events.
BingX vs Binance: User Experience
When choosing a crypto exchange, your experience as a trader matters. Both BingX and Binance offer unique advantages, but the right platform for you depends on your trading style and needs. If you’re new to trading or prefer a straightforward approach, BingX might feel like the perfect fit.
BingX also offers a demo trading feature, so you can practice and build confidence without risking your hard-earned money. The mobile app is just as user-friendly, giving you access to your investments and tools wherever you are. Plus, with plenty of tutorials and guides, BingX helps you sharpen your skills and make informed decisions. You can try these features with a Bingx referral code for a quick start.
On the other hand, Binance is built for traders who want it all. If you’re someone who thrives on having every tool at your fingertips, Binance’s feature-packed platform is hard to beat. From spot and futures trading to margin and P2P options, Binance gives you the flexibility to trade the way you want.
The interface is highly customizable, so you can tailor it to suit your trading style, whether you’re analyzing charts or diving into technical indicators. The mobile app mirrors the desktop experience, ensuring you never miss a beat in your trading journey. If you’re looking for simplicity and a beginner-friendly environment, BingX is a great choice to kickstart your trading journey. But if you’re ready to dive into a world of advanced tools and customization, Binance has everything you need to take your investments to the next level.
BingX vs Binance: Customer Support
BingX prioritizes accessibility and responsiveness, ensuring you feel supported throughout your trading journey. The platform offers 24/7 live chat support, allowing you to quickly resolve any issues or questions. A comprehensive Help Center is also available, filled with guides, FAQs, and tutorials to help you navigate the platform with ease. For more personalized assistance, you can reach out via email, and their team is known for providing timely and helpful responses. This makes BingX a great choice if you value direct and efficient communication.
Binance provides a robust support system designed to cater to its massive global user base. Like BingX, Binance offers 24/7 live chat support, along with a ticketing system for more complex inquiries. The Binance Academy and FAQ sections are extensive, offering in-depth resources for both beginners and advanced traders. Due to the platform’s size, response times for non-urgent issues can sometimes be slower. Despite this, Binance’s multilingual support and localized help centers make it a strong option for traders worldwide who need assistance in their preferred language.
Conclusion
In your quest to find the right cryptocurrency exchange, both BingX and Binance offer distinct advantages tailored to different trading needs. BingX shines with its simplicity, user-friendly interface, and features like copy trading and demo accounts, making it an excellent choice for beginners or those seeking a straightforward trading experience. Meanwhile, Binance provides a comprehensive suite of advanced tools, diverse trading options, and extensive educational resources, catering to experienced traders who require more robust functionalities.
The best platform for you ultimately depends on your trading goals, experience level, and specific preferences. If you’re just starting out or value accessibility, BingX may align better with your needs. But, if you’re looking for a feature-rich environment with advanced tools and global reach, Binance could be the ideal choice. Evaluate your priorities carefully to select the platform that best supports your trading journey. If you’re an experienced trader, use the Binance referral code today to start trading smarter.
FAQs
Is Binance safe to use?
Yes, Binance is safe to use. It employs advanced security measures like two-factor authentication (2FA), cold storage for funds, and regular audits to protect user assets. The exchange also maintains the Secure Asset Fund for Users (SAFU), which is an emergency reserve that covers possible losses from security breaches.
What exchange is better than BingX?
The best exchange depends on your needs. While BingX excels in simplicity and copy trading, other exchanges like Binance may offer more advanced tools and a wider range of features. Think about factors such as trading volume, supported assets, and fees before choosing the platform that suits your goals.
Which exchange has lower fees: BingX vs Binance?
BingX generally offers lower fees for spot and futures trading, but Binance provides competitive rates with additional discounts for using BNB tokens.
Which exchange is more beginner-friendly: BingX or Binance?
BingX is more beginner-friendly due to its intuitive interface, demo trading, and educational resources, while Binance may feel overwhelming for new users. However, Binance offers a learning curve that rewards users with deeper trading tools and more customization as they gain experience.
Which exchange is more secure: Binance vs BingX?
Both exchanges prioritize security. Binance offers features like SAFU (Secure Asset Fund for Users) and proof-of-reserves, while BingX provides 100% proof-of-reserves and cold storage.
What are the deposit and withdrawal options on BingX and Binance?
BingX allows deposits and withdrawals using cryptocurrencies and some fiat methods, making it easy for most users. Binance, on the other hand, offers more options, such as bank transfers, cards, and P2P trading. This gives users more flexibility for both fiat and crypto transactions.
