BingX is a trading site that has grown into a massive crypto platform. Since it’s existence, it has served over 40 million people worldwide. BingX is among the top 5 derivative platform.
BingX was launched in 2018 as Bingbon. The founders wanted a a social trading platform, where people could learn from each other. Bingbon was the first platform to introduce ‘Copy Trading’ in the crypto world.
However, in 2021, Bingbon was rebranded to BingX. This was done to mark it’s plan for global expansion. Also to be identified as a community-centered platform.
BingX grew massively between 2022–2023, reaching more traders in over100 countries.
In 2024, BingX became an official partner of Chelsea Football Club.
In January 16, BingX became the first crypto partner of Scuderia Ferrari HP in 2026.
Despite all these, BingX isn’t in every country.
Moving forward, we’ll be looking at the BingX Restricted Countries. But before that, let’s go into details what BingX is all about.
What is BingX?
BingX is a global crypto platform where trading takes place. BingX offers over 1,000 different cryptocurrencies.
What BingX Does
- Buying and Selling (Spot Trading): It allows users to purchase crypto using Google Pay, Visa, Mastercard or Apple Pay. Traders can quickly buy assets because it supports over 100 local currencies.
- Copy Trading: This is mostly for beginners. It allows them to learn from professional traders. They copy their trading pattern. New traders follow these steps to learn how to trade.
- AI Trading Assistant: BingX has a built-in AI called BingX AI. It allows traders to chat and ask questions concerning the crypto world.
- Passive Income: BingX has a savings account called BingX Wealth. Traders can hold their coins to earn interest over time.
- Advanced Trading: Experienced traders can use the Futures Trading to leverage their effort. However, this is also risky.
- Trading Bots: It can be used to buy and sell digital currency on your behalf. Set the rules and the system will automatically do the trading even in your absence.
Furthermore, BingX is a secure platform. It uses cold storage and Two-Factor Authenticationto secure users wallet.
List of BingX Restricted Countries
BingX isn’t available in many countries. This is because of regional compliance and requirements. Below are some of the BingX restricted countries:
- North Korea
- Afghanistan
- Canada
- United States
- Cuba
- Netherlands
- Mainland China
- United Kingdom
- Hong Kong
- Cambodia
- Laos
- Macau
- Democratic Republic of the Congo
- Somalia
- Ukraine
- Myanmar
- Singapore
- Iran
- Burundi
List of BingX Restricted States in the USA
The list above shows that the U.S. is among the BingX restricted countries. The platform doesn’t accept customers from any part of the U.S. states. The United States often has strict laws concerning the use cryptocurrency within the country. BingX isn’t accepted in the U.S.
BingX Alternatives:
- Bitget
- Bybit
- Kraken
- Coinbase
- KuCoin
- MEXC
How BingX Works
Getting Started
- Get started by signing up on BingX site.
- Fill in the details.
- Verify your identity.
Funding Your Account
You can fund your BingX Wallet in three ways.
- Quick Buy: Users can buy crypto with their local currencies. They can use Google Pay, Visa, Mastercard and Apple Pay.
- P2P Trading: Traders can buy crypto directly from other users. The purchase can be done through bank transfer. Some also buy from a local payment platform in a secure marketplace.
- Crypto Deposit: Traders with an external wallet like the MetaMask can transfer crypto to their BingX deposit address.
Choosing Your Trading Style
With a funded account, traders can participate in the marketplace by:
- Spot Market
- Copy Trading
- Futures Trading
Automated and AI Tools offers:
- Trading Bots
- BingX AI Assistant
Safety Mechanisms
BingX uses several layers of security to protect traders wallet.
- Shield Fund: It has an insurance fund set aside. This funds are used to cover traders funds in case of security breaches.
- Dual Price Mechanism: This system uses a “Mark Price. This helps to prevent unfair liquidations caused by sudden increase in crypto price.
- Proof of Reserves: BingX regularly show proof of users assets in their platform.
Conclusion
BingX is a top exchange platform made for anyone who wants to trade digital coins.
BingX offers more than 1,000 crypto and supports up to 100 currencies. This helps to give traders multiple options to grow their wealth.
BingX is one of the best platform for beginners. There’s a copy trading tool new traders can use to enhance their trading activity.
BingX uses powerful AI and other tools that help traders make better trading decision.
The platform is also safe because it keeps a large insurance fund to protect users money.
BingX restricted countries is quite large, despite being a popular platform. It’s also currently not available for residents in the United States.
BingX is a powerful crypto platform for anyone who wants to join the world of crypto. With it’s partnership with famous brands like Chelsea FC and Ferrari, BingX will continue to expand into more countries.