BingX review: score, licensing and risks
61/100SCORE · CCaution
Grade C, fair
BingX is a mid-size venue known for copy trading and a wide asset list. In September 2024 around 43 million dollars was taken from hot wallets and covered by the exchange. It holds no significant regulatory licence.
The facts
- FOUNDED
- 2018
- HEADQUARTERS
- Singapore
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Around 0.10 percent.
- ASSETS
- 700 plus
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Wide asset list
- Strong copy trading product
- Covered its 2024 breach
✗ Weaknesses
- A 2024 hot wallet breach
- No meaningful licence
- No US access
- Heavy promotional marketing
Incident history
2024
Around 43 million dollars was taken in a hot wallet breach. BingX said the loss was small relative to assets and covered it.
Our read
Mid-tier venue with a 2024 breach it absorbed. Fine for reaching a listing, not for holding.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.