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BingX

The platform appeared in 2018 and currently has more than 10 million users. The platform is registered in Lithuania, as well as in Australia as a company for digital currency exchange. In 2021 and 2022, it became the best cryptocurrency exchange according to TradingView.

BingX did not introduce restrictions for Russian citizens and is actively developing in the CIS segment of the P2P market. Dozens of national currencies, including RUB, are available for exchange; there are offers with sanctioned banks - Sberbank, Tinkoff. It is possible to deposit RUB only via P2P, this currency is not available for bank deposits. However, the highest liquidity on P2P is in rubles.

P2P-trading here only in USDT, other cryptocurrencies can be traded on the spot.

In addition to P2P-exchange and spot trading, there are derivatives, copy-trading and asset management. There are rewards for newbies: for registration, deposit, first trade and other actions.

Getting merchant status on BingX is relatively easy: you need to pass KYC, confirm your email and phone number, add a profile in social networks and hold a certain amount of USDT in the fund account. At the time of writing this article it is 0 USDT (i.e. no money is needed in the account) but the promotion is temporary.

News of BingX

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Total information

OPENING DATE
1/1/2018
STATUS
Available
STATUS ON MONETORY
Not connected
Class
Ecosystem
Type
Custodian
Exchange
Spot trading, Derivatives, Instant exchange
Format
Web, Mobile App

Liquidity

OFFERS ON MONETORY
Liquidity
Medium
Popular P2P fiat currencies

KYC and regulation

KYC
Normal
Without KYC you can withdraw up to 50,000 USDT within a day. If you pass verification, you can withdraw up to 5,000,000 USDT per day. The total withdrawal amount is not limited. Verification is also required for full access to P2P trading.

Verification can be done both on the website and in the app. To do this, you need to take a picture of your ID card and make selfies with it. The application is promised to be considered within 24 hours.
KYC conditions on BingX

About regulation

Restrictions
The platform does not work with certain jurisdictions, including Afghanistan, Burundi, Central African Republic, Congo, Mainland China, Hong Kong, Macau, Singapore, Ethiopia, Guinea, Guinea-Bissau, Iraq, Iran, DPRK, Lebanon, Sri Lanka, Libya, Netherlands, Serbia, Sudan, Somalia, South Sudan, Syrian Arab Republic, Thailand, Tunisia, Trinidad and Tobago, Uganda, Venezuela, Yemen, Zimbabwe, Cuba, USA, UK and Canada. The detailed list may vary depending on the service.
All restrictions

P2P trading

Coins P2P

Terms and commissions

No commission for P2P trading

Additional Information

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