Entering referral code FM9ROY during BingX registration activates a permanent 20% trading fee discount on spot and futures trading, and unlocks eligibility for up to 6,000 USDT in welcome bonuses through the BingX Rewards Hub.

The code must be entered at sign-up. It cannot be applied to an existing account.

VIP levels reduce fees further as trading volume increases. BingX does not offer a native token fee discount — the referral code is the primary discount mechanism for new users.

Bonuses are distributed progressively through the Rewards Hub as a mix of vouchers, mystery boxes, and trial funds:

Bonus types explained:

BingX was founded in 2018 by Josh Lu and is headquartered in Singapore, with offices in the US, Canada, Australia, Hong Kong, Taiwan, and Lithuania. It serves over 20 million users across 100+ countries and ranks among the top 15 exchanges globally by trading volume and liquidity according to CoinGecko.

BingX was built around one core concept that still defines it today: social trading. When most exchanges were focused on order book infrastructure, BingX built copy trading into its foundation from day one — launching the feature in 2019. The result is the most developed copy trading ecosystem of any major exchange, now covering not just crypto spot and futures but also traditional instruments including commodities and foreign exchange.

For traders who want crypto market exposure without spending hours analyzing charts, BingX offers a direct path: find a verified trader with a track record you trust, click copy, and your account mirrors their positions automatically.

700+ cryptocurrencies, 500+ futures pairs — broad asset coverage with a particularly deep futures market, surpassing Binance in total perpetual futures pairs.

Copy Trading — the platform's flagship feature. Copy both spot and futures traders from a pool of thousands of verified elite traders. BingX has extended copy trading beyond crypto to include commodities and forex — rare for a crypto exchange. Configurable risk limits, stop-loss settings, and capital allocation per trader.

Demo Trading — practice with simulated funds before risking real capital. Full platform functionality available in demo mode, useful for testing copy trader selection and futures strategies.

Perpetual Futures — USDT-margined and coin-margined contracts with up to 150x leverage (pair and tier dependent). Coin-M perpetuals available on BTC, ETH, SOL, DOGE, BNB, ADA, TRX, and XRP with up to 100x leverage.

BingX Wealth — passive yield products for idle crypto holdings: Flexible Savings (instant redemption, daily rewards), Fixed Savings (locked term, higher yield), Dual Investment (target-price structured product), and Crypto Loans.

Shark Fin — principal-guaranteed structured investment product. Users define a price range for an asset; if the price stays within that range at maturity, they earn a yield. Principal is returned regardless of outcome — rare in crypto yield products.

Grid Trading Bots — automated buy/sell strategies within a predefined price range. Runs 24/7 to capture market fluctuations systematically.

Recurring Buy (DCA) — automated dollar-cost averaging with intervals from hourly to monthly, starting from 1 USDT. Useful for systematic long-term accumulation.

Proof of Reserves — BingX publishes bi-monthly Proof of Reserves reports independently verified by third-party auditors confirming 100% asset backing against user deposits.

September 2024 hack — hackers accessed BingX's hot wallets and stole approximately $52 million in crypto assets. BingX covered all affected user losses from its own capital — no user funds were lost. The exchange subsequently launched ShieldX, an upgraded hot wallet monitoring system, and now stores 90% of assets in offline cold storage. The response is widely cited as a demonstration of solvency and user-first priorities.

US availability — BingX holds a FinCEN MSB registration in the US but is not fully licensed for retail crypto trading under US securities law. US residents should verify current availability and any product restrictions before signing up.

UK restrictions — BingX is generally not available to UK residents due to FCA regulatory requirements.

No native token discount — unlike Binance (BNB), Bitget (BGB), or OKX (OKB), BingX does not offer fee reductions for holding a native token. The referral code discount is the main ongoing fee reduction available to standard accounts.

Copy trading risk — copying a trader's positions does not guarantee the same returns. Past performance of copied traders is not indicative of future results. Set stop-loss limits and maximum capital-per-trader settings before activating copy positions.

Can the referral code be entered after registration? No — it must be entered during the initial sign-up process.

Is KYC mandatory? KYC is required to unlock the full bonus range and higher withdrawal limits. Basic trading is available after email or phone verification.

What is the Shark Fin product? A principal-guaranteed structured investment. Users select a price range for an asset and a maturity date. If the price remains within the range at expiry, the user earns a yield above standard savings rates. The principal is returned in full regardless of outcome.

How does copy trading work? Select a verified trader from the leaderboard, set your copy amount and risk parameters, and activate. Your account automatically mirrors their opening and closing positions in real time. You can follow multiple traders simultaneously with separate capital allocations.

Is BingX available for US traders? BingX holds a FinCEN MSB license but is not fully licensed for retail crypto trading under US law. Product availability for US users is limited — check BingX's current terms for your specific jurisdiction.

Cryptocurrency trading involves significant risk of loss. Copy trading does not eliminate risk — copied trader performance may vary. Leveraged futures can result in losses exceeding your initial margin. This article is for informational purposes only and is not financial advice.