Key Points:
| – BingX is one of the outstanding exchanges, with many easy-to-use and user-friendly features. – With BingX cashback code “COINCU25,” users can experience the exchange with up to 35% on trading fees. – By providing an appealing, well-integrated platform for individuals to interact with professional traders, BingX hopes to establish itself as “the people’s exchange.” |
Some crypto exchanges boast robust security measures and transparent operations, creating a safe environment for users. However, others operate in the shadows, rife with risks of fraud and mismanagement of user funds. Therefore, a safe crypto trading platform is essential for users. One such reliable exchange that stands out is BingX. Let’s learn about the exchange and how to get BingX cashback to receive incentives when participating in the exchange experience.
Introduction to BingX Exchange
Overview of BingX
Since it was founded in 2018, BingX has developed at an incredible rate to become one of the leading cryptocurrency exchanges, with a global user base of over 10 million users.
BingX offers a wide range of services tailored to all categories of traders: from spot trading and derivatives to copy trading and asset management solutions.
The exchange comes with multiple tools and features that help users enhance their trading experiences and expertise. It is rather representatively international, with branch offices spread across Asia, Oceania, Europe, and South America. In Europe, BingX EU UAB is a financial service company registered in Lithuania. As a member state of the European Union, it is recognized by the Financial Crime Investigation Service (FSIC) for digital currency exchange services. Additionally, it is also registered in Australia with the Australian Transactions and Reports Analysis Centre as a digital currency exchange provider.
At BingX, security and openness go hand in hand. The platform keeps 100% of the margin reserves, which are verified by organizations of repute like Mazars. Also, cooperations with top-tier cybersecurity companies further enhance BingX’s defenses against any threats to safe-guard users’ trading activities.
BingX has received several renown recognitions for the excellence of its services in the cryptocurrency industry. Among the successes of the platform are the prizes for Best Crypto Exchange by TradingView and Fastest Growing Social Trading Platform by Global Brands Magazine.
Key Features of BingX
User Interface and Experience
What sets BingX apart in this competitive crypto trading market is the user-friendly interface, coupled with a suite of features to help first-time traders and experienced traders alike in their trading journey.
The minimalism and cleanliness of the platform assure easy navigation. Intuitive design takes good care of newcomers to the crypto space, providing an area to get familiar with trading without feeling overwhelmed. The design really puts great focus on the ease of use, ease in finding, and using various tools and features alike.
BingX combines many important trading features that suit different styles and needs of trading. A number of them include:
- Inherited Order Types: Different types of orders can be placed for executing the trade. This makes the trading strategy more flexible.
- Advanced Charting Tools: With the charting tools, one gets insight into the market trend for any data-driven trading decisions.
- Wallet Management: Robust wallet management on this platform ensures that one is able to manage one’s assets efficiently.
Other layout elements can also be changed to best suit trader preferences, thereby improving the user experience. The trading platform also has an option for Night mode, which limits eye strain in extended trading sessions.
Supported Cryptocurrencies and Trading Pairs
By giving users access to over 750 cryptocurrencies, BingX provides one of the greatest opportunities in the digital assets space. More notably, this platform hosts some of the most popular and top-performing cryptos, including Bitcoin, Ethereum, Solana, Cardano, and many others. It enables diversification by its users and the possibility for them to have a look at different investment opportunities available within the wide cryptocurrency market.
What Makes BingX a Good Choice
BingX is an international cryptocurrency exchange insulated with maximum security, transparency, and user satisfaction. Its robust security framework ensures that funds and user data are very safe and, hence reliable for traders of all levels of experience.
BingX takes security issues very seriously. The platform offers 100% margin reserves that are checked by and proven by independent companies like Mazars. This would afford the assurance and clarity needed, thereby giving users the trust and faith to make transactions on this platform. In addition, it collaborates with the best cybersecurity companies to fortify its defenses against unknown threats and uses bank-grade custody solutions to protect the assets of its users.
It has a global footprint, with branch offices across Asia, Oceania, Europe, and South America, which confirms that BingX services are available to users everywhere in the world.
The exchange caters to new and experienced cryptocurrency traders. More than this, it supports copy-trading, enabling users to replicate trades from seasoned experts. Whether you are a seasoned trader or just starting your journey in the crypto world, BingX provides the tools and support needed to succeed. Experience the future of trading with BingX today.
Fee Calculation Mechanism of Bing
Types of Fees on BingX
Trading Fees
One of the most critical factors affecting the profitability of traders is trading fees; as such, effective cost management in this regard is very important. In order to balance incentives against costs in its trading ecosystem, BingX has adopted the maker-taker fee model. It reduces fees for liquidity providers who add depth to the market and charges for removing liquidity from the market by liquidity takers.
The fee structure at BingX is graduated, meaning that the costs decrease for traders who are able to achieve higher trading volumes over a rolling 30-day period. This applies not only to spot markets but also to futures markets. Of course, this tiered system puts less burden on traders by reducing the fees as one gets more involved in trading.
On BingX, spot trading features a straightforward fee structure, with both makers and takers charged a 0.1% fee. However, this rate can be significantly reduced for VIP traders.
VIP traders benefit from a tiered fee system. For example, VIP 1 traders, with a trading volume of at least 1 million USDT or assets worth 50,000 USDT, enjoy reduced fees of 0.0350% for makers and 0.0600% for takers. The reduction continues as traders reach higher VIP levels, culminating in Supreme VIP status, where fees drop to just 0.0050% for makers and 0.0200% for takers.
In the futures markets, BingX differentiates between perpetual and standard futures. For perpetual futures, the maker fee is 0.0200%, while the taker fee is slightly higher at 0.0500%. These rates are also applied to Binance futures copy trading and futures grid strategies.
Conversely, standard futures carry a different fee structure, with a trading fee of 0.0450% per trade executed.
Withdrawal and Deposit fees
At BingX, depositing funds is fee-free. However, withdrawal transactions do incur charges. These fees vary based on the type of cryptocurrency, the amount withdrawn, and current network conditions.
BingX offers support for multiple withdrawal networks, such as ERC-20, BEP-2, BEP-20, TRC-20, and OMNI. Each network has distinct fee structures and minimum withdrawal requirements. For up-to-date information on withdrawal fees and limits, please refer to the latest details provided here.
How Fees Are Calculated
Explanation of the Maker-taker Model
In the trading world, the roles of “makers” and “takers” are essential. A maker initiates a purchase or sale order, while a taker promptly executes that order. This interaction is meticulously documented within an order book.
Market makers create a spread between the buy and sell prices of an asset. When a taker engages, they pay the asking price, usually higher than the market price. The trade is then executed based on the bid price. The difference between the market price and the bid-ask price, known as the spread, represents the profit for the market maker.
Market makers and takers both incur charges on trading platforms, but the fees differ. Makers generally enjoy reduced fees because they enhance market liquidity. In contrast, takers face higher fees since their actions impact liquidity.
Factors Affecting Fee Calculations
Fee calculations on BingX are also affected by the trading network and actual trading volume when you make a transaction on the exchange.
Ways to Reduce Fees on BingX
BingX’s Affiliate Program
The BingX Affiliate Program is among the most valuable opportunities users can leverage to create a passive income stream by inviting their community members to trade on BingX. By sharing this one-of-a-kind referral link, affiliates gain rewards from trades their invitees conduct on both spot and futures markets. The program is tailor-made to give affiliates the smooth and rewarding experience that is enabled by a host of features and benefits. For more information, visit the official affiliate website.
Being VIP Trader on BingX
Regardless of the type of trading—spot or futures—VIP traders enjoy lower fees based on their tier. Achieving higher VIP levels provides progressively better fee rates, reflecting the increased trading volume and asset value.
Applying BingX Cashback Code
Trading on BingX can be made more economical by utilizing our BingX cashback code. The unique code not only reduces your trading fees but also allows you to share it with your friends and fellow traders.
How to get BingX Cashback Code
On website
Step 1: Click this link: https://bingx.com/partner/COINCU25. Choose your preferred sign-up method.
Step 2: Enter your email or phone number and password. Remember, Royal Flush will never ask you for this password.
Step 3: This is an important step! don’t forget to enter the code “COINCU25” in the referral code box. Agree to the User Agreement and Privacy Policy, then click [Sign Up].
Step 4: A verification code will be sent to your email or mobile. Once verified, your sign-up is complete.
Step 5: After completing all the steps, submit the FORM and contact the Telegram Team for verification to start enjoying our cashback of up to 35% on trading fees. This is a crucial step—don’t skip it!
On app
Step 1: Download the BingX App, open it, tap the user icon, and then select [Sign Up].
Step 2: Select your preferred verification method (email or mobile number).
Step 3: Enter your email or phone number and create a strong password for your account. Remember, Royal Flush will never ask for this password.
Step 4: Enter “COINCU25” in the referral code box to receive up to 35% cashback of trading fees.
Step 5: Verify to complete the registration process. A verification code will be sent to the email or phone number you registered with—please check it.
Step 6: After completing all the steps, submit the FORM and contact the Telegram Team for verification to start enjoying BingX cashback of up to 35% on trading fees. This is a crucial step—don’t skip it!
Conclusion
BingX is a notable cryptocurrency exchange known for offering a range of services tailored to both novice and seasoned traders, as well as investors. Despite its higher-than-average risk profile, BingX stands out for its user-friendly features and competitive offerings. With our BingX cashback code, we hope you will have a better trading experience.
FAQs
Does the BingX cashback code expire?
We always update the latest codes for you, so rest assured that you will always receive BingX cashback offers.
Can I use this BingX cashback code twice?
No, the BingX cashback code is limited to one use per main account.
Can the BingX cashback code be used to reduce withdrawal fees?
No, the code can only be used for refunds based on your transaction.
