Bing X Supported Cryptocurrencies List

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Bing X Overview

Bing X (formerly known as BingBon) is a cryptocurrency exchange that offers a variety of trading services, including spot trading, perpetual futures, and social trading features. It aims to provide a user-friendly platform suitable for both novice and experienced traders.

Core Features

Bing X distinguishes itself through several key features:

  • Trading Options: Offers both Spot market trading and derivatives like Futures contract trading.
  • Social Trading: A notable feature that allows users to follow and automatically copy the trades of successful traders on the platform.
  • User Interface: Generally regarded as having a clean and intuitive interface across its web and mobile platforms.

Supported Assets and Markets

Bing X supports a wide range of popular and emerging cryptocurrencies. The exact list of supported assets is dynamic, but typically includes major coins and tokens available on other large exchanges.

Spot and Futures Trading Basics

  • Spot Trading: In the Spot market, users buy or sell cryptocurrencies for immediate delivery, exchanging one asset for another (e.g., BTC for USDT).
  • Futures Trading: This involves trading contracts that derive their value from an underlying asset, allowing traders to speculate on future price movements without owning the underlying asset. Bing X primarily focuses on Perpetual Futures, which do not have an expiration date. Leverage is commonly used in futures trading.

Order Types

Understanding order types is crucial for effective trading. Bing X supports several standard order types for managing trades in the Order book.

Common Order Types on Bing X
Type Description
Limit order Sets a specific price at which you wish to buy or sell.
Market order Executes immediately at the best available current price.
Stop Order Triggered when the market reaches a specified stop price.

For detailed execution information, users can often check API endpoints, such as those related to retrieving order history: /api/v1/order/list.

Fees and Liquidity

Trading fees on Bing X generally follow a tiered maker/taker model, which varies based on the user's 30-day trading volume and the amount of the exchange's native token held (if applicable). Liquidity is generally robust for major pairs due to high trading volumes, especially in the futures market. Low liquidity can lead to higher slippage when executing large orders.

Security Practices

Exchanges employ various security measures to protect user funds and data. Common practices on Bing X include:

  • Two-Factor Authentication (2FA).
  • Cold storage solutions for the majority of user assets.
  • Regular security audits.

Traders should always enable 2FA on their accounts for enhanced security.

KYC and Limits

Know Your Customer (KYC) verification levels dictate trading and withdrawal limits. Lower verification levels (or unverified accounts) usually have lower daily withdrawal limits. Completing full KYC often increases these limits significantly. Specific limits vary and should be checked directly on the Bing X platform.

Funding and Withdrawals

Users can fund their accounts via cryptocurrency deposits or potentially fiat on-ramps (depending on regional availability). Withdrawals are processed according to the network confirmations required for the specific cryptocurrency being moved. Processing times can vary based on network congestion.

User Experience (UX)

Bing X provides both a dedicated mobile application (iOS and Android) and a web-based trading interface. The mobile app is designed for on-the-go trading, while the web platform typically offers more advanced charting tools and a comprehensive view of the Order book and market depth.

Risks and Responsible Trading

Cryptocurrency trading, especially involving leverage via Futures contract trading, carries substantial risk and is not suitable for all investors. Prices are highly volatile. Traders should only invest capital they can afford to lose and should familiarize themselves with risk management techniques. For further reading on managing market risks, see Essential Tools and Tips for Day Trading Cryptocurrencies.

First Steps Checklist

To begin trading on Bing X, follow these steps:

  1. Visit the official registration page: Register here.
  2. Complete the required KYC verification process.
  3. Enable Two-Factor Authentication (2FA).
  4. Deposit your chosen cryptocurrency or fiat currency (if supported).
  5. Start with small trades in the Spot market to familiarize yourself with the platform, or practice with demo funds if available.

See also (on this site)

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