How to use BingX exchange? Detailed usage tutorial

Navigating the crypto landscape with ease: BingX exchange's user-friendly platform guides beginners and experienced traders alike through the journey of digital currency.

Nov 27, 2024 at 09:14 pm

How to Use BingX Exchange: A Comprehensive Guide

Introduction

Navigating the crypto landscape can be overwhelming, especially for beginners. BingX exchange offers a user-friendly platform that simplifies the process for traders of all experience levels. This detailed tutorial will guide you through the essentials of using BingX exchange, from registration to advanced trading techniques.

1. Account Registration

• Visit BingX's official website and click on "Register."
• Provide your email address, create a password, and enter the referral code (optional).
• Agree to the terms and conditions and click on "Create Account."
• Verify your email address by clicking on the link sent to your inbox.

2. KYC Verification

• BingX requires KYC (Know Your Customer) verification for enhanced security and compliance.
• Click on "Kyc Verification" from the user profile.
• Complete the personal information, including full name, date of birth, and address.
• Upload a clear photo of your government-issued ID card, such as a passport or driver's license.
• Enter your photo as a selfie for facial verification.
• Submit the verification request and wait for approval, which usually takes 1-3 business days.

3. Deposit Funds

• Click on "Assets" and then "Deposit."
• Select your preferred deposit method (cryptocurrency, fiat currency, or credit/debit card).
• Follow the specific instructions for your chosen method.
• For cryptocurrency deposits, provide the recipient address generated by BingX.
• For SEPA deposits, set up a payment order from your bank account.

4. Trading

• BingX offers two main trading interfaces: "Spot" and "Copy Trading."

• Spot Trading:

  • Click on "Trade" and select "Spot."
  • Enter the trading pair you want to trade, such as BTC/USDT.
  • Choose an order type (limit, market, or stop-limit).
  • Enter the order quantity and price (if needed).
  • Click on "Buy" or "Sell" to place the order.

• Copy Trading:

  • Visit "Copy Trading" from the homepage.
  • Browse through different Standard Traders or Elite Traders based on their performance.
  • Allocate funds to the trader you want to copy and choose a trading ratio.
  • The trader's trades will be automatically mirrored to your account.

5. Withdraw Funds

• Withdrawals can be processed once your KYC verification is approved.
• Click on "Assets" and then "Withdraw."
• Enter the cryptocurrency or fiat currency you want to withdraw.
• Provide the recipient address where you want to receive the funds.
• For cryptocurrency withdrawals, enter the blockchain network to transfer the funds.
• Review the withdrawal details and click on "Confirm" to process the request.