BingX Review: Multi-jurisdiction licensed
BingX is licensed in Australia, Canada, and Lithuania, making it one of the few major cryptocurrency exchanges with explicit multi-jurisdictional regulatory standing. Standard spot trading fee is 0.10% maker/taker; perpetual futures fee is 0.02% maker, 0.05% taker.
- Standard spot trading fee: 0.10% (verified 2026-09-07)
- USDT-margined futures fee: 0.02% maker / 0.05% taker
- Lifetime referral rebate via code BCRBINGX: 30% fee discount
- Welcome bonus tier ceiling: Up to $5,125
Why BingX ranks #8 in our index
BingX ranks #8 of 11 major cryptocurrency exchanges in our index (cycle 2026-09-07), primarily on the basis of multi-jurisdiction licensed. Our scoring is composite-weighted across liquidity, fee competitiveness, product breadth, regulatory standing, security record, and referral value — see our methodology for details.
Strengths
- Licensed in Australia, Canada, and Lithuania
- Demo / paper trading account with bonus credit
- Strong copy-trading community
- Generous deposit bonus stack
Limitations
- Fewer spot pairs than top-tier exchanges (700)
- Order book depth thinner on small caps
BingX fee schedule, entry tier
| Fee | Rate | Basis |
|---|---|---|
| Spot (maker = taker) | 0.10% | Entry tier, before referral discount |
| Futures maker | 0.02% | USDT-margined perpetuals, entry tier |
| Futures taker | 0.05% | USDT-margined perpetuals, entry tier |
Table 2 · Transcribed from the BingX fee schedule, cycle 2026-09-07. Exchanges revise these tables without notice; the linked page is authoritative.
How to claim the BingX fee discount
The lifetime fee discount and welcome bonus on BingX can only be activated at registration. Existing accounts cannot retroactively attach a referral code. To claim:
- Register through the link on this page. Referral code
BCRBINGXis carried in the URL, so it is applied without being typed. - Complete identity verification. BingX classifies KYC as Required, so withdrawals stay locked until a government ID and selfie are on file.
- Fund the account. The minimum deposit recorded for BingX is $1; welcome-bonus tiers above that carry their own thresholds on the exchange's promotion page.
- Execute one qualifying trade. At the entry tier that costs 0.10% on spot and 0.05% as a futures taker, before the referral reduction is applied.
- The 30% fee discount reduction then attaches to the account for its lifetime. It is not a promotional window and does not need to be renewed.
References
- BingX official fee schedule, last accessed 2026-09-07: https://bingx.com/en/vip/introduction
- Headquarters and founding year cross-referenced against the CoinGecko exchange API and Wikipedia, cycle 2026-09-07.
- Welcome bonus and rebate figures sourced directly from BingX's official referral / partner program page.