BingX

BingX is a global cryptocurrency exchange offering a user-friendly platform for buying, selling, and trading various cryptocurrencies. Whether you’re new to crypto or an experienced trader, BingX provides seamless access to a wide range of digital assets with competitive fees and multiple payment options. This guide will walk you through the essential steps of using BingX, from setting up your account to executing trades and withdrawals. Let’s dive in!

How to Buy Crypto on BingX

On the Web:

1. Log in to your BingX Account
   Go to the official BingX website and log in with your credentials. If you don’t have an account, sign up first.
2. Navigate to the Buy Crypto Section
   Once logged in, click on the [Buy Crypto] option on the top menu of your account dashboard.
3. Choose the Fiat Currency
   Select the fiat currency you want to use for your purchase (USD, EUR, etc.) and enter the amount you wish to spend.
4. Select Your Payment Method
   BingX will show you the available payment methods. Choose one that suits you—options typically include credit/debit cards, bank transfers, or other available payment processors.
5. Confirm Your Purchase
   Double-check the amount of cryptocurrency you’ll receive, the fees associated with the transaction, and the payment method you’ve selected. Once you’re ready, click on [Buy Now] to proceed.
6. Complete the Payment
   You’ll be redirected to the payment gateway (such as Simplex, if you’re using a card). Enter your payment details, and follow the instructions to confirm and finalize the payment.
7. Wait for Transaction Confirmation
   After successful payment, the transaction will be processed, and the crypto will be credited to your BingX account. You’ll receive a notification once the purchase is complete.
8. Check Your Wallet
   Go to your [Spot Wallet] or [Funding Wallet] to view your newly purchased cryptocurrency.

On the BingX Mobile App:

1. Open the BingX App
   Open the BingX app on your mobile device and log in using your account credentials. If you don’t have the app, download it from the App Store or Google Play.
2. Tap on Buy Crypto
   From the app’s homepage, tap on [Buy Crypto] to start the purchasing process.
3. Select Your Fiat Currency
   Choose the fiat currency you want to use for the purchase (like USD, EUR, etc.) and enter the amount you want to spend.
4. Pick a Payment Method
   Select a payment method from the available options. This could include credit/debit cards or other methods supported by BingX.
5. Review the Order
   Double-check the details of your order, including the crypto you’ll receive and the applicable fees. Once you’re sure everything looks good, click on [Buy Now].
6. Complete Payment
   You will be redirected to the payment platform to fill in your payment details. If you’re using a credit card, for example, enter your card info, and then confirm the payment.
7. Wait for Confirmation
   Once the payment is successful, the system will process your transaction. You will be notified when your crypto purchase is complete.
8. Check Your Wallet
   Go to your [Spot Wallet] in the app to view your newly purchased cryptocurrency.

Important Notes:

• Verification: Depending on the payment method and your account verification level, you may need to verify your identity before completing the transaction.
• Fees: Always check for any transaction fees that might be applied by the payment provider or BingX itself.
• Payment Methods: Payment options may vary depending on your region. Check what methods are available to you during the buying process.
• Transaction Time: Payments may take some time to process, depending on the payment gateway and your selected method.

How to Withdraw Crypto on BingX

On the Web:

1. Log in to Your BingX Account
   • Go to the official BingX website and log in with your credentials.
   • If you don’t have an account, create one first.
2. Navigate to the Withdrawal Section
   • Once logged in, click on [Assets] in the top right corner.
   • Select [Withdraw] from the dropdown menu.
3. Select the Cryptocurrency to Withdraw
   • On the Withdraw page, choose the cryptocurrency you want to withdraw from your BingX account (e.g., Bitcoin, Ethereum, USDT, etc.).
   • You’ll see a list of available cryptos and their balances.
4. Enter the Withdrawal Address
   • Paste the address of your receiving wallet where you want to send your crypto.
     • Make sure the address is correct and that it matches the network of the coin you’re withdrawing (e.g., ERC20 for Ethereum, TRC20 for USDT, etc.).
     • If you’re transferring to another exchange or wallet, double-check that the wallet supports the same network.
5. Choose the Withdrawal Network (if applicable)
   • Some coins may have multiple network options (e.g., ERC20, TRC20, BEP20 for USDT).
   • Select the appropriate network. The system often suggests a network based on your withdrawal address, but you must ensure it’s correct.
6. Enter the Withdrawal Amount
   • Enter the amount of cryptocurrency you wish to withdraw.
   • Ensure the amount is above any minimum withdrawal limits.
   • Be mindful of network fees that will be deducted from your withdrawal.
7. Verify and Confirm
   • Double-check all details, including the address, network, and amount.
   • Click [Submit] or [Confirm] to proceed.
8. Complete 2FA (Two-Factor Authentication)
   • For added security, you’ll be prompted to enter your 2FA code (Google Authenticator or SMS, depending on your setup).
   • This is to verify that it’s you initiating the withdrawal.
9. Wait for Confirmation
   • After completing the withdrawal request, the transaction will be processed. You may need to wait for a few minutes to an hour, depending on network congestion and the coin you’re withdrawing.
   • You’ll receive a confirmation once the withdrawal is successful.
10. Check Your Withdrawal Status
    • You can track the status of your withdrawal under the [Withdrawal History] section, which shows all your past transactions.
    • You can also check the blockchain explorer (for the specific cryptocurrency) to see the transaction status.

On the BingX Mobile App:

1. Open the BingX App
   • Launch the BingX app on your mobile device and log in to your account.
2. Go to the Assets Tab
   • On the homepage, tap [Assets] at the bottom of the screen.
3. Select [Withdraw]
   • Tap the [Withdraw] button, usually located at the top or within the Assets section.
4. Choose the Cryptocurrency to Withdraw
   • Pick the cryptocurrency you wish to withdraw from your wallet (e.g., BTC, ETH, USDT).
   • Select the cryptocurrency from the list of available coins.
5. Enter the Withdrawal Address
   • Paste your withdrawal address (the address of the wallet you want to send crypto to).
   • Be sure the address is correct, and confirm the network is compatible with the coin you’re withdrawing.
6. Select the Withdrawal Network (if necessary)
   • Some coins, like USDT, offer multiple network options (e.g., ERC20, TRC20, BEP20).
   • Choose the correct network based on your withdrawal address.
7. Enter the Amount to Withdraw
   • Specify the amount of cryptocurrency you want to withdraw.
   • Make sure the amount meets the minimum withdrawal limit and accounts for any network fees.
8. Confirm Your Withdrawal Details
   • Review all the information carefully: address, amount, network, and fees.
   • Once everything looks correct, tap [Submit] or [Confirm] to proceed.
9. Complete 2FA (Two-Factor Authentication)
   • If you have 2FA enabled, you’ll be prompted to enter your authentication code.
   • This is an extra layer of security to protect your account.
10. Wait for Processing
    • After you submit the request, the withdrawal will be processed by BingX.
    • You can check the status of the transaction in the [Withdrawal History] section of the app.
    • Once the transaction is confirmed, the crypto will be sent to your wallet.

Important Notes:

• Double-check Network Compatibility: Some coins have multiple network options (e.g., ERC20, TRC20 for USDT). Always ensure the network matches the address you’re sending the crypto to. Selecting the wrong network can lead to irreversible loss of funds.
• Minimum Withdrawal Amount: Make sure your withdrawal meets the minimum required amount for each cryptocurrency.
• Withdrawal Fees: There may be network or transaction fees associated with your withdrawal, which can vary based on the blockchain.
• Transaction Time: Withdrawals may take from a few minutes to an hour, depending on network congestion.

How to Buy Crypto on BingX

On the Web:

1. Log in to Your BingX Account
   • Go to the BingX website and log in with your credentials.
   • If you don’t have an account, sign up for one by clicking on [Sign Up] and following the registration steps.
2. Navigate to the [Buy Crypto] Section
   • After logging in, go to the top of the page and click on [Buy Crypto].
3. Choose Your Fiat Currency
   • On the Buy Crypto page, select the fiat currency you want to use to purchase crypto (e.g., USD, EUR, GBP, etc.).
   • Enter the amount of fiat currency you want to spend to buy crypto.
4. Select the Cryptocurrency to Buy
   • Choose the cryptocurrency you want to purchase (e.g., Bitcoin, Ethereum, USDT, etc.).
   • You’ll see a list of available cryptocurrencies and their corresponding prices.
5. Select Your Payment Method
   • Choose a payment gateway or method for completing your transaction. BingX typically offers payment options like credit card, debit card, or bank transfer. You’ll be directed to a third-party payment provider (like Simplex) to complete the payment.
6. Confirm Your Order
   • Double-check the details of your order, including the crypto amount and the payment method.
   • Read and agree to the terms and conditions, then click [Buy Now] to confirm your order.
7. Complete the Payment
   • You will be redirected to a third-party payment provider (e.g., Simplex) to complete the transaction.
   • Follow the instructions to enter your payment details (credit card or bank account) and any required personal information.
8. Verify Your Identity (if required)
   • If this is your first time using the payment provider, you may be asked to verify your identity by submitting personal information or identification documents.
   • Once the payment is processed and the verification is complete (if necessary), you’ll receive confirmation of your crypto purchase.
9. Complete Your Purchase
   • After the payment is processed, your purchased cryptocurrency will be credited to your BingX account.
   • You can view the cryptocurrency in your [Assets] or [Wallet] section.
10. Track Your Order
    • To track the progress of your transaction, you can check your order status in the [Order History] section.

On the BingX Mobile App:

1. Open the BingX App
   • Launch the BingX app on your mobile device and log in to your account.
   • If you don’t have an account, sign up through the app.
2. Go to [Buy Crypto]
   • From the homepage, tap [Buy Crypto] (typically located in the bottom menu or on the main screen).
3. Choose the Fiat Currency
   • Select the fiat currency you want to use to purchase cryptocurrency (e.g., USD, EUR).
   • Enter the amount of fiat currency you want to spend.
4. Select the Cryptocurrency
   • Choose the cryptocurrency you wish to buy, such as Bitcoin (BTC), Ethereum (ETH), or USDT (Tether).
   • View the available options and their current market prices.
5. Select Payment Method
   • Choose your payment method (e.g., credit/debit card, bank transfer, or any other available option).
   • BingX will direct you to a payment provider (like Simplex or Banxa) to complete your payment.
6. Review and Confirm Order
   • Review the transaction details, including the amount of crypto you’re buying, the fiat amount, and payment method.
   • Agree to the terms and conditions, then tap [Buy Now] to confirm your purchase.
7. Complete Payment
   • You’ll be redirected to the payment provider’s page, where you’ll need to fill in your payment details (e.g., credit card information).
   • Complete any necessary steps to finalize the payment.
8. Identity Verification (if required)
   • Depending on the payment method, you may be required to complete identity verification through the payment provider (e.g., submitting a photo ID or a selfie).
   • Follow the prompts to verify your identity if this is your first time purchasing on the platform.
9. Purchase Confirmation
   • Once the payment is successful, you’ll receive a confirmation on the app.
   • Your purchased cryptocurrency will appear in your [Wallet] or [Assets] section on the app.
10. Track Your Purchase
    • To check the status of your order, you can navigate to [Order History] to track your transaction details.