• 2025-03-09 09:55 pm

A Complete Beginner’s Guide to BingX Wallet

What is BingX Wallet?

BingX is a global cryptocurrency trading platform founded in 2018. It has rapidly grown into one of the most popular trading platforms, offering services such as spot trading, futures trading, copy trading, and digital asset management.
BingX serves over 10 million users across 100+ countries, making it an excellent choice for both beginners and experienced traders.

Why Choose BingX? (Key Features & Benefits)

✅ Beginner-Friendly: Simple and easy-to-use interface.
✅ Copy Trading: Allows users to copy trades from professional traders for passive income.
✅ Multiple Trading Options: Includes spot trading, futures trading, and derivatives.
✅ Advanced Security: Uses Two-Factor Authentication (2FA) and cold storage for asset protection.
✅ Low Trading Fees: More competitive compared to other platforms.
✅ Supports 350+ Cryptocurrencies: Including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
✅ Easy Deposit & Withdrawal: Supports bank transfers, credit cards, and crypto deposits.

How to Create a BingX Account (Step-by-Step for Beginners)

1️⃣ Registration:

• Go to the BingX official website here.
• Click "Sign Up".
• Enter your email or phone number, then choose a strong password.
• Click "Next" and verify your email or phone number using the verification code.

2️⃣ Securing Your Account:

• Enable Two-Factor Authentication (2FA) via Google Authenticator or phone number.
• Set a trading password for extra security when making withdrawals.

3️⃣ Identity Verification (KYC) – Optional but Recommended:

• Go to Account Settings > Identity Verification.
• Upload a photo of your passport, national ID, or driver’s license.
• Wait for verification (usually within 24 hours).

💡 Why Complete Identity Verification?

• Increases deposit and withdrawal limits.
• Unlocks all platform features like futures trading and copy trading.

How to Deposit Funds into BingX?

🔹 Deposit Cryptocurrency:

1. Go to "Assets" > "Deposit".
2. Select the cryptocurrency you want to deposit (e.g., USDT).
3. Choose the correct network (e.g., ERC-20, TRC-20, BEP-20).
4. Copy the wallet address and send funds from your external wallet.
5. Wait for the deposit to be confirmed.

🔹 Deposit via Credit Card / Bank Transfer:

1. Click on "Buy Crypto" on the homepage.
2. Choose the cryptocurrency (e.g., USDT or BTC).
3. Select the payment method (Visa, Mastercard, Bank Transfer).
4. Enter the required information and confirm the purchase.

How to Trade on BingX? (Simple Guide for Beginners)

1️⃣ Spot Trading (Buying & Selling Cryptos Easily)

🔹 This is the easiest trading method, where you buy cryptocurrencies at market price and hold them for profit.

How to Start Spot Trading:

1. Go to "Trade" > "Spot Trading".
2. Choose the trading pair (e.g., BTC/USDT).
3. Select the order type:
   • Market Order (buy/sell at current price).
   • Limit Order (set a specific price to buy/sell).
4. Enter the amount and click "Buy" or "Sell".

2️⃣ Futures Trading – High-Risk, High-Reward

🔹 Allows trading with leverage up to 125x, increasing both potential profits and risks.

How to Trade Futures:

1. Go to "Futures".
2. Choose the contract (e.g., BTC/USDT Perpetual).
3. Select leverage level.
4. Choose trade type:
   • Long (Buy) if you expect the price to rise.
   • Short (Sell) if you expect the price to fall.
5. Click "Confirm Order" and wait for execution.

3️⃣ Copy Trading – Best for Beginners

🔹 Allows users to automatically copy trades from professional traders.

How to Use Copy Trading:

1. Go to "Copy Trading".
2. Choose a trader based on past performance.
3. Click "Copy", set your investment amount, and confirm.
4. All trades will now be automatically copied to your account.

💡 Tip: You can stop copy trading anytime if the results are unsatisfactory.

How to Withdraw Funds from BingX?

🔹 Withdraw to External Wallet:

1. Go to "Assets" > "Withdraw".
2. Select the cryptocurrency to withdraw (e.g., USDT).
3. Enter the recipient wallet address.
4. Choose the correct network.
5. Enter the amount and click "Withdraw".

Fees on BingX

📌 Spot Trading Fees: Starts at 0.1% per transaction.
📌 Futures Trading Fees: Depends on leverage and order type.
📌 Withdrawal Fees: Varies depending on cryptocurrency and network used.

Security Tips to Protect Your BingX Account

✅ Enable Two-Factor Authentication (2FA).
✅ Use a strong trading password.
✅ Whitelist withdrawal addresses.
✅ Never share login details with anyone.

Conclusion: Is BingX Right for You?

For beginners, BingX is an excellent choice due to its easy interface and copy trading feature. For advanced traders, features like futures trading and margin trading make it a powerful platform.

📌 Sign up now and start trading on BingX today!