BingX is a global crypto exchange known for copy trading, operating offshore without tier-one regulation. New users who sign up with a referral code are reported to get a 20% trading-fee discount plus a series of small USDT vouchers that unlock in stages, well short of the multi-thousand-dollar figures used in marketing. BingX's own rules pages do not confirm the discount, and the vouchers can only be traded as futures margin, with just the profit from that trade withdrawable.
Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
BingX
New BingX users who sign up with a referral code are reported to get a 20% trading fee discount plus a series of small USDT bonus vouchers that unlock in stages, not a guaranteed 7,700 USDT.
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BingX launched in 2018 under the name Bingbon and rebranded to BingX in 2021. The exchange says it serves more than 40 million users worldwide and ranks itself among the top crypto derivatives exchanges by volume. It was an early mover in copy trading, letting users automatically mirror the positions of other traders, and that feature is still its main selling point against larger rivals.
The company operates through regional entities rather than a single licensed parent. Public filings show money-services-business registrations with FinCEN (US), FINTRAC (Canada) and AUSTRAC (Australia), plus a virtual asset service provider registration in Lithuania. None of these is a full trading or derivatives license, and BingX's own disclaimer excludes the United States and Canada from service anyway, alongside the UK, Singapore, mainland China, Hong Kong, Macau and several sanctioned countries.
In September 2024, BingX lost roughly $52 million when an attacker compromised hot wallets across at least seven blockchains, a pattern security researchers linked to North Korea's Lazarus Group.
BingX froze withdrawals within about an hour, moved remaining funds to cold storage and worked with security firms to freeze around $10 million of the stolen assets. The exchange's initial characterization of the loss as minor drew criticism given the size of the theft, but BingX committed to reimbursing affected users from its own reserves and resumed withdrawals days later. There is no independent audit confirming full reimbursement was completed, so treat that claim as a company statement rather than a verified fact.
BingX offers spot trading, perpetual futures (USDT-margined, coin-margined and USDC-margined), copy trading and a smaller set of wealth products. Standard spot fees are 0.1% for both makers and takers on major pairs; perpetual futures fees are 0.02% maker and 0.05% taker, with discounts at higher volume tiers.
Copy trading has no separate subscription fee. Copiers pay a profit-share cut to the trader they follow when a copied position closes in profit, with lead traders earning up to a 32% share at the top tier. For an ordinary copier the relevant number is the profit-share percentage taken out of any winning trade; losses are not shared, so the follower absorbs the full downside.
Referral-code sites advertise a BingX welcome package worth up to 7,700 USDT for users who sign up with a referral code, a figure BingX's own rules pages do not publish. In practice this is a set of small staged vouchers, not a lump sum: a sign-up voucher of about 10 to 30 USDT, and KYC, first-deposit and first-trade vouchers each ranging from 5 to 500 USDT, with the high end of each range rarely hit. The same sites describe a 20% trading fee discount from the first trade with no minimum volume, but BingX's official support articles do not confirm it, so check your fee rate in the app after registering.
The vouchers themselves cannot be withdrawn. Each one is used as margin in a single Standard Futures position that auto-closes after 24 hours, and only the profit generated in that window is withdrawable, while BingX absorbs any loss. Because the vouchers are small and leverage-capped, realistic withdrawable profit per voucher is typically cents to a couple of dollars, not the marketed figure.
BingX also runs large themed contests. Its 2026 World Cup campaign, which ran from June 9 to July 20, 2026 and has now ended, advertised a $10 million prize pool across predictions, a futures trading contest and referrals. That total was split among thousands of participants: match predictions paid up to $100 each, referrals paid $40 to $200 per qualifying signup, and the higher contest brackets required six-figure USDT trading volume. An advertised pool like this is not an individual payout.
BingX uses tiered verification. Unverified accounts can withdraw up to 20,000 USDT per day with no fiat or launchpad access. Basic verification adds deposit limits but keeps the same withdrawal cap. Advanced verification, which requires an ID photo and a face scan, removes deposit limits and raises withdrawals substantially while unlocking fiat on-ramps.
The United States and Canada are excluded entirely, which is worth flagging given BingX holds US and Canadian MSB-style registrations that do not translate into US or Canadian service. The UK, Singapore, mainland China, Hong Kong, Macau and standard sanctioned jurisdictions are also excluded. BingX states its restricted list can change and vary by product, so a country not being blocked for spot trading does not guarantee access to futures or launchpad features.
Not by a major tier-one regulator. BingX holds money-services-business registrations with FinCEN (US), FINTRAC (Canada) and AUSTRAC (Australia), plus a virtual asset service provider registration in Lithuania. These are AML registration filings, not trading licenses, and none of them authorizes BingX to serve the country in question; BingX blocks US and Canadian users outright.
Yes. In September 2024, attackers drained about $52 million from BingX hot wallets across multiple blockchains. Security researchers linked the attack pattern to North Korea's Lazarus Group. BingX froze withdrawals, recovered some funds and said it would reimburse affected users from its own reserves.
No. BingX's customer agreement excludes the United States and all US territories, along with Canada, the UK and several other jurisdictions. This applies across spot, futures and copy trading.
The 7,700 USDT figure comes from referral-code sites rather than BingX's own rules, and it is a ceiling, not a typical payout. It is made up of several small staged vouchers (roughly 10 to 500 USDT each depending on the stage) that unlock after sign-up, KYC, deposit and trading milestones. The vouchers cannot be withdrawn directly; you trade them out through a 24-hour futures position and keep only the profit, which is usually small. The same sites describe a 20% trading fee discount, but BingX's official rules do not confirm it, so check your fee rate in the app after registering.
Standard spot trading is 0.1% for both makers and takers. Perpetual futures fees are lower: 0.02% for makers and 0.05% for takers, dropping further at higher volume tiers.
Basic use is possible without it up to a 20,000 USDT daily withdrawal cap. Advanced verification (ID photo plus face check) removes deposit caps, raises withdrawal limits substantially and unlocks fiat and launchpad features.