• 18/06/2024 10:24

What is BingX

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What is BingX: this platform has managed to form a reliable fan base and continues to be actively explored. First of all, it is worth noting that the BingX exchange, launched in 2018, is one of the largest international platforms for trading cryptocurrencies. It provides the opportunity to trade on the spot market, carry out conversion and grid trading, as well as work with regular and perpetual futures.

URA-Inform reports this, citing the official BingX resource.

FeaturesBingX

BingX covers over 100 countries, offering access to trading Bitcoin and all major altcoins, although exchange for fiat currencies is not supported (with the exception of USDT, which is pegged to the US dollar). The exchange also offers various starting bonuses, including no deposit bonuses. One of the main advantages of BingX is that it is a social trading platform with a clear rating. This provides a simple and effective way to make passive income for those new to investing.

BingX Core Principles

  • Customer Focus. BingX strives to meet the needs of users, providing them with all the necessary tools for successful trading and development.
  • Reliability. The security of user assets is BingX's priority. The platform provides funds protection and guarantees the safety of transactions on the platform, and also provides 24/7 support to resolve any issues.
  • Innovation The BingX team is constantly looking for new ways to improve the platform, introducing innovative solutions and technology to offer users the best cryptocurrency trading experience.
  • VarietyBingX offers a variety of products and services that are suitable for traders of all levels — from beginners to seasoned professionals. The capabilities of BingX allow each user to find the optimal way to achieve their goals in the cryptocurrency market.

Trading on the platformBingX< /strong>

Trading on this platform begins with the main pairs of instruments presented on the main page. To open a position, a trader needs to select an instrument, indicate the desired transaction volume and price. Charts and indicators on the platform help to analyze the market before making a transaction.

All open positions are displayed in the “My Trades” section. Closing a position is performed in the same way as opening it, but in the opposite direction. It is important to manage your margin and control your risk level.

BingX also offers trading in futures and options, which are riskier but potentially lucrative instruments. Traders should remember to maintain a moderate level of risk in the market.

The BingX platform provides a convenient and functional interface for trading cryptocurrencies. With proper risk management and portfolio diversification, traders can successfully analyze the market and increase their income. In addition, BingX pleases users with various bonuses and incentives.

< strong>Key advantages of BingX over competitors

  • Availability of trading in a wide range of cryptocurrencies, including BTC, ETH, USDT, XRP, DOGE, BNB and other popular altcoins.
  • The opportunity for clients to participate in trading on the spot market, as well as earn money on conversion and grid trading.
  • Availability of passive investment options through a social trading platform.
  • Low commissions, average spread is only 0 .04%, making BingX one of the most profitable platforms on the market.
  • Easy to use mobile application with a trading terminal based on TradingView, which makes trading convenient and accessible to all users.
  • Official registration of the company in the USA, Canada, Australia and the European Union (Estonia), which ensures a high level of trust from users.
  • 24-hour technical support service, ready to help users at any time of the day or night without interruptions.
  • 24-hour technical support service, ready to help users at any time of the day or night without interruptions.

Disadvantages of BingX

  • Lack of leverage when trading on the spot market, which means traders can only operate with their own funds.
  • Some high withdrawal fees in case of profitable trading operations, for example, for USDT-ERC20 the fee is 20 USDT, which may not be attractive enough for users.
  • Limited access to technical support, which is only provided through email and live chat, but not through a call center, which can make it difficult to resolve problems should they arise problems or questions from users.

Similar platforms for earning money

There are many platforms in the cryptocurrency market, including major players such as WhiteBit, Binance, and OKX, as well as new platforms that have appeared, like GATE.io. They provide a variety of opportunities to make money from cryptocurrency, including trading, staking, and the use of decentralized financial protocols.

Game clickers for participating in cryptocurrency markets have recently become popular. Platforms such as NEAR Wallet, Avacoin, TapSwap, WormFare, Harvest MOON, TOM Clicker, Click Arbuz and others offer unique game mechanics for earning cryptocurrency. From simple clicks to complex farming and trading, these games allow users to earn cryptocurrency while taking part in exciting virtual worlds.

More information has also recently emerged about the OKX exchange and what attractive offers it provides for traders.

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