Exploring Assets Available on Bing X
Exploring Assets Available on Bing X
Bing X (formerly known as Bingbon) is a cryptocurrency exchange that offers a range of trading services, including spot trading, derivatives (futures), and copy trading. This overview is designed for beginners interested in understanding the core offerings of the platform. You can Register here to begin.
Core Features
Bing X provides several key features aimed at different types of traders:
- Spot Trading: Direct buying and selling of cryptocurrencies at the current market price.
- Derivatives Trading: Offering perpetual and fixed-term futures contracts, allowing users to speculate on the future price movement of assets with leverage.
- Copy Trading: A feature allowing novice traders to automatically mirror the trades executed by experienced, successful traders on the platform.
- Variety of Assets: Support for a wide array of popular and emerging cryptocurrencies.
Fees Structure
Trading fees on Bing X are generally structured based on a maker-taker model. Fees can vary depending on whether you are trading on the Spot market or the derivatives market, and sometimes depend on your 30-day trading volume or the amount of the exchange's native token held (if applicable). Users should consult the official fee schedule for the most current details. Withdrawals incur network transaction fees, which vary based on the specific cryptocurrency and current network congestion.
Supported Assets
Bing X supports a large number of digital assets for trading. While the exact list changes frequently as new coins are listed, major assets like Bitcoin (BTC) and Ethereum (ETH) are always available. Smaller, emerging tokens are often available first on the Spot market.
Spot and Futures Trading Basics
Spot Trading
In Spot market trading, you buy an asset outright, taking ownership of it. If you buy 1 BTC, it is deposited into your account wallet. This is the simplest form of trading.
Futures Trading
A Futures contract is an agreement to buy or sell an asset at a predetermined price at a specified time in the future. Bing X primarily focuses on perpetual futures, meaning these contracts do not expire. Trading futures involves leverage, which amplifies both potential profits and potential losses. For insights into leverage trading, consider Exploring Arbitrage Opportunities in Altcoin Futures Markets.
Order Types
Bing X supports standard order types necessary for effective trading strategy implementation.
| Order Type | Description |
|---|---|
| Limit order | Sets a specific price at which you are willing to buy or sell. The order only executes if the market reaches that price. |
| Market order | Executes immediately at the best available current price in the Order book. |
| Stop-Loss/Take-Profit | Orders designed to automatically close a position when a specific price target or risk threshold is met. |
Liquidity and Markets
The depth of the Order book and the overall trading volume determine market liquidity. High liquidity means trades can be executed quickly without significantly impacting the price. Bing X maintains significant trading volume across its major pairs, particularly in BTC and ETH futures, ensuring relatively tight spreads.
Security Practices
Exchanges like Bing X employ several security measures:
- Cold Storage: A significant portion of user assets is kept offline in cold storage wallets.
- Two-Factor Authentication (2FA): Strongly recommended for all user accounts.
- Encryption: Use of SSL encryption for data transmission.
Users are always responsible for securing their own account credentials.
KYC and Limits
Know Your Customer (KYC) verification levels dictate trading and withdrawal limits. Basic verification often requires a government-issued ID and may only allow lower daily withdrawal limits. Full verification typically requires more detailed personal information and unlocks higher limits. These requirements are standard practice for regulatory compliance.
Funding and Withdrawals
Users fund their Bing X accounts either by depositing existing cryptocurrencies from external wallets or by purchasing crypto directly on the platform using fiat currency (where supported). Withdrawals involve sending assets to an external wallet address. Processing times depend on blockchain confirmation times.
Mobile and Web User Experience
Bing X offers both a web-based trading interface and dedicated mobile applications. The web platform provides comprehensive charting tools and detailed market data. The mobile application allows for trading on the go. For more on mobile use, see Exploring Mobile Apps for Cryptocurrency Futures Trading. Educational resources are also available, such as Exploring the Educational Webinars Offered by Crypto Futures Exchanges.
Risks and Responsible Trading
Cryptocurrency trading, especially utilizing leverage in futures markets, carries a high degree of risk. Prices are volatile, and it is possible to lose your entire investment. Users should never trade with money they cannot afford to lose. Start by understanding the basics of the Spot market before moving to leveraged products.
First Steps Checklist
1. Visit the official website and Register here. 2. Enable Two-Factor Authentication (2FA) immediately after registration. 3. Complete necessary KYC verification to increase limits. 4. Deposit a small amount of cryptocurrency you wish to trade. 5. Practice first using paper trading or small amounts on the Spot market.
See also (on this site)
- Bing X Spot Trading Explained Simply
- Understanding Bing X Trading Fees Structure
- Bing X Spot Versus Futures Trading Basics
- Essential Bing X Order Types for Beginners
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| Platform | Futures perks & welcome offers | Register / Offer |
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| 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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