Bing X Supported Cryptocurrency List
Bing X Overview
Bing X (formerly known as BingBon) is a cryptocurrency exchange that offers a variety of trading services, including spot trading, perpetual futures, and copy trading. It aims to provide a user-friendly experience for both novice and experienced traders globally.
Core Features
Bing X focuses on accessibility and diverse trading options. Key features include:
- **Spot Trading:** Direct buying and selling of cryptocurrencies.
- **Futures Trading:** Allowing users to speculate on the future price movements of digital assets using leverage.
- **Copy Trading:** A feature that lets users automatically replicate the trades executed by successful, experienced traders on the platform.
- **User Interface:** The platform is available via web and mobile applications, designed for ease of navigation.
Supported Assets and Markets
Bing X supports a wide range of popular and emerging cryptocurrencies. The exact list of supported assets changes frequently as new tokens are listed. Users can trade these assets across various markets:
- **Spot Market:** Trading pairs available for immediate delivery.
- **Futures Market:** Contracts based on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and numerous altcoins.
Trading Mechanics: Spot vs. Futures
The platform offers two primary trading environments:
Spot Trading
In the Spot market, users buy or sell the actual underlying asset. For example, buying BTC means you own that Bitcoin. Trading occurs directly from the available balance in your wallet.
Futures Trading
A Futures contract allows traders to agree to buy or sell an asset at a predetermined price on a specific date in the future, or, more commonly on platforms like Bing X, perpetual futures allow trading without an expiration date. This market involves leverage, magnifying both potential profits and losses. Users should consult resources like Cara Memulai Trading Cryptocurrency Futures dengan AI untuk Pemula before engaging.
Order Types
Bing X supports standard order types to manage trades effectively:
- Limit order: An order to buy or sell an asset at a specified price or better. These orders populate the Order book.
- Market order: An order to buy or sell immediately at the best available current price.
- Stop-Limit and Stop-Market orders are also typically available, especially in the futures section, allowing traders to set triggers based on market movement.
Fees Structure
Fee structures on Bing X generally consist of trading fees (maker/taker fees) and withdrawal fees. Trading fees can vary based on the user's VIP level. Deposit fees are usually zero for cryptocurrency deposits.
Example of Typical Fee Structure (Illustrative Only):
Trading Type | Maker Fee | Taker Fee |
---|---|---|
Spot Trading | 0.10% | 0.10% |
Futures Trading | 0.02% | 0.05% |
Liquidity and Markets
Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. Bing X maintains significant liquidity across its major trading pairs due to high trading volumes, particularly in its perpetual futures markets. High liquidity ensures tighter spreads and better execution prices when placing orders in the Order book.
Security Practices
The exchange employs standard security measures to protect user funds and data. These typically include:
- Two-Factor Authentication (2FA).
- Cold storage for the majority of digital assets.
- Encryption for sensitive data transmission.
Traders are also encouraged to follow external guidelines such as Cryptocurrency Security Best Practices.
KYC and Limits
Know Your Customer (KYC) verification levels determine various operational limits, such as daily withdrawal amounts. Basic trading might be possible without full KYC, but higher limits and full access usually require identity verification. Users must comply with the platform's specific regulatory requirements.
Funding and Withdrawals
Users can fund their accounts via cryptocurrency deposits or sometimes fiat currency methods, depending on regional availability. Withdrawals are processed based on the network congestion and the exchange's internal processing times. Withdrawal fees are typically charged per transaction and cover the blockchain network cost.
User Experience (UX)
Bing X offers a responsive web platform and dedicated mobile applications for iOS and Android. The UX is generally designed to be intuitive, balancing advanced charting tools for professionals with simplified interfaces for newcomers, especially within the copy trading section.
Risks and Responsible Trading
Trading cryptocurrencies, especially using leverage in the Futures contract market, carries substantial risk. Leverage amplifies losses rapidly. Users should be aware of the potential for total loss of capital. It is crucial to practice risk management and avoid falling victim to Common Cryptocurrency Scams. Never trade more than you can afford to lose.
First Steps Checklist
To begin trading on Bing X, follow these preparatory steps:
- Visit the official site and Register here.
- Enable Two-Factor Authentication (2FA) immediately.
- Complete necessary KYC verification if higher limits are required.
- Deposit cryptocurrency funds or fiat currency.
- Familiarize yourself with the differences between the Spot market and futures trading.
- Start with small trades or explore copy trading features before committing large capital.
See also (on this site)
- Bing X Spot Trading Explained Simply
- Understanding Bing X Futures Contracts
- Bing X Account Setup First Steps
- Navigating the Bing X Mobile App
Recommended articles
- Fundamental Analysis in Cryptocurrency Futures
- Perbandingan Platform Trading Cryptocurrency Terpercaya untuk Futures dan Spot Trading
- Best Tools for Day Trading Cryptocurrency Futures Using Technical Analysis
- Common Mistakes to Avoid in Cryptocurrency Trading During Seasonal Trends
- Analisis Pasar Cryptocurrency Harian Terupdate: Tren Terbaru di Crypto Futures
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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