BingX offers a simple conversion feature that allows new users to quickly exchange one cryptocurrency for another. But advanced users can also take advantage of the trading platform and offer advanced charting tools, live order book, multiple order types and even a network trading robot. In addition, BingX offers standard and permanent futures trading with up to 125x margin, as well as a demo trading environment, with demo currencies for trading.
BingX offers several notable features, including:
A copy trade feature where beginners can follow successful traders.
Fee below 0.2% per transaction.
Easy conversion of currencies to each other
266 cryptocurrencies available for trading (and more are being added).
New user rewards for trading activity (up to 100 USDT).
Trade competitions with great prizes
Forex products and markets are also available in this exchange.
Has a mobile application
Trading in Trading View
Ability to make NFT transactions
24-hour Farsi language support
Use of Persian language on the site and application
Having virtual money VST for demo trade
No need for authentication with a daily withdrawal limit of 50,000 dollars
Giving special prizes to special occasions, even Iranian occasions like Yalda night!
It has spot and futures transactions, copy trade and robot trading
Advantages and features of Bing X exchange
BingX is a global cryptocurrency exchange that offers group and crowd trading features, low fees and an intuitive mobile app. It also has a wide range of digital currencies as well as professional leveraged trading.
Another copy trade feature where beginners can see and copy other users’ trades.
An economical digital currency trading platform with a maximum fee of 0.2%.
Derivative markets and leverage margin (up to 125 times).
It offers 24/7 support with live chat.
Disadvantages and weaknesses of BingX exchange
The downside of BingX is that users cannot deposit fiat currency to trade. In addition, it does not offer the feature of earning money, including lending and borrowing, or a crypto staking platform.
No fiat currency support for trading (third party purchases only)
Limited information about asset cold storage and security measures (which is what centralized exchanges generally do)
Crypto-to-crypto transactions are limited to USDT trading pairs.
