Bing X Supported Cryptocurrencies List
Bing X Supported Cryptocurrencies List
Bing X (formerly known as BingBon) is a cryptocurrency exchange that offers trading services for a variety of digital assets. It is known for catering to both spot traders and those interested in leveraged trading products like futures. This overview provides a beginner-friendly look at the platform's features and supported assets.
Core Features
Bing X provides a comprehensive trading environment. Key features include:
- Spot Trading: Direct buying and selling of cryptocurrencies.
- Derivatives Trading: Offers perpetual futures contracts, allowing traders to speculate on future price movements with leverage.
- Copy Trading: A feature that allows novice traders to automatically replicate the trades of experienced, successful traders on the platform.
- User Interface: Available across both web and mobile platforms, aiming for ease of use.
Fees Structure
Trading fees on Bing X generally follow a maker-taker model, which varies depending on the trading volume and VIP level of the user. Deposit fees are typically zero for cryptocurrencies, while withdrawal fees are charged based on network conditions. It is important to review the current fee schedule before trading.
Supported Assets and Markets
Bing X supports a wide array of popular cryptocurrencies. The exact list of supported assets can change as the platform adds new tokens. Generally, major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and numerous altcoins are available for trading.
The platform primarily supports two main trading environments:
- Spot Market: Users trade assets directly. This is the environment for buying and holding assets. Users trade within the Spot market.
- Futures Market: Users trade contracts based on the price of underlying assets, often using leverage.
The liquidity and depth of the Order book vary between the most popular pairs (like BTC/USDT) and newer or less traded assets.
Order Types Overview
Bing X supports standard order types necessary for both simple and advanced trading strategies.
| Order Type | Description |
|---|---|
| Limit order | Sets a specific price at which the trade should execute. |
| Market order | Executes immediately at the best available current price. |
| Stop Orders | Used to manage risk by automatically triggering a trade when a certain price level is reached. |
More complex order types, such as Trailing Stops, may be available, especially in the futures section. Understanding these is crucial for effective trading, particularly when dealing with volatile cryptocurrencies.
Security Practices
Exchanges like Bing X implement several security measures to protect user funds and data:
- Cold Storage: A significant portion of user assets is kept offline in cold storage.
- Two-Factor Authentication (2FA): Strongly recommended for all user accounts.
- Anti-Phishing Codes: Features to help users verify legitimate communications from the exchange.
KYC and Limits
Know Your Customer (KYC) verification levels dictate the limits for deposits, withdrawals, and trading volume. While some basic functions might be available without full verification, completing KYC usually unlocks higher limits. Users should check the current withdrawal and deposit limits associated with their verification status.
Funding and Withdrawals
Funding the account can be done via cryptocurrency deposits or, depending on the region, fiat currency on/off-ramps. Withdrawals are processed according to the network confirmation times and any internal processing queues set by Bing X.
User Experience (UX)
Bing X offers trading access through:
- Web Platform: Typically features comprehensive charting tools and detailed market data.
- Mobile Application: Available for iOS and Android, designed for on-the-go trading and monitoring positions.
For traders looking to refine their execution strategies, reviewing resources such as Essential Tools and Tips for Day Trading Cryptocurrencies can be beneficial.
Risks and Responsible Trading
Cryptocurrency trading, especially leveraged trading such as trading futures, carries a high degree of risk. Users can lose their entire investment. It is vital to only trade with funds you can afford to lose, utilize stop-loss orders, and never trade based solely on hype.
First Steps on Bing X
For beginners interested in exploring the platform, follow these steps:
- Visit the official website and create an account.
- Enable Two-Factor Authentication (2FA) immediately.
- Complete the required KYC verification steps to maximize account limits.
- Explore the platform using a small amount of funds in the Spot market.
- Consider using the Copy Trading feature if you are new to active trading.
To begin your journey, you can Register here.
See also (on this site)
- Bing X Spot Trading Explained Simply
- Understanding Bing X Trading Fees Structure
- Spot Versus Futures on Bing X
- Essential Bing X Order Types Tutorial
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Recommended Futures Trading Platforms
| Platform | Futures perks & welcome offers | Register / Offer |
|---|---|---|
| Binance Futures | Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days | Sign up on Binance |
| Bybit Futures | Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks | Start on Bybit |
| BingX Futures | Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount | Join BingX |
| WEEX Futures | Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees | Register at WEEX |
| MEXC Futures | Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD) | Join MEXC |
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