What is BingX (Bingbon)?
BingX provides derivatives, copy, and spot trading services to users throughout the world, with it even winning an award in 2021 from TradingView known as “Best Exchange Broker.”
Ever since its release in 2018, the exchange has grown and expanded its operations in more than 100 countries or regions. According to its bio, it aims to establish itself as the “people’s exchange” by linking its users with professional traders on its platform.
Moreover, it even places emphasis on social trading while offering extensive copy-trading functions to its clients. If you want to know about how to trade on BingX, click Here.
Since 2021, Coin Labs have been assigned a fee discount code from Binance. Thus, if you sign up for Binance through Coin Labs, you can benefit from the fee discount and participate in the bonus event earning up to $500.
How to Sign Up for BingX
If you are new to the cryptocurrency landscape or to this specific trading platform and are looking to explore what this exchange might have for you, this guide will cover its onboarding process, which may entail creating an account and completing KYC, among other things. So, just follow the instructions outlined in this guide to get on board this platform and start trading without any hassles.
Step 1
Visit the Official Website
To create an account on BingX, click the Register button above. It will direct you to the official BingX website with our Coin Labs’ exclusive referral code automatically applied. Further benefits from signing up for OKX through Coin Labs are described in the box below.
Step 2
Enter Your Email Address
Here, you can create an account by either using your phone number or email address. However, in this article, as an example, we will be utilizing your email address. So, on the BingX registration page, choose Email as your desired registration method, and you will then need to enter an email address in the relevant field, which may then act as your username every time you log into your account here.
Step 3
Set a Strong Password
As with any registration process, you will need to set a password for your account, and it should be a robust one. So, try making sure that the password you set has a blend of both lowercase and uppercase letters, special characters, numbers, etc., so that your password can play its part in properly securing your account.
Also, a few things to note here are that your password should be at least 8 to 20 characters long and that it is preferable to create an entirely unique password, i.e., one that you haven’t used before. This is so that if, by any chance, your account on some other trading platform has been compromised, it won’t have any effect here.
Step 4
Add a Referral Code
If other users have invited you to this exchange, then you may want to enter a referral code here by clicking the option for it. However, if that isn’t the case and you do not have any codes with you, you could skip this step or use Coin Labs’ referral code (JNYOYWZW) if you wish to be eligible for a few sign-up bonuses or other rewards.
Step 5
Agree to the BingX Terms of Service
Whenever you create an account on a trading platform, which, in this case, is BingX, you might want to actually go through all of its policies and rules and make sure you have understood them. It might take a while, but it can still be worthwhile; at least you will be more informed about anything you may not exactly like instead of getting surprised when it is implemented. So, if you can manage to fully go through its terms of service, do so and tick the box that states, “I have read and agree to the Customer Agreement and Privacy Policy.”
Step 6
Enter Your Verification Code
So, once you have added everything and selected Register, you’ll have to slide right to get done with that security verification puzzle. Following that, you will be sent a verification code to your email address, so enter that six-digit code to verify the email address you entered previously. After you have that, your registration process has been completed, and all that’s left is to go through its KYC procedure, which we will take a look at below.
How to Verify on BingX
KYC, aka Know Your Customer, refers to the due diligence that is carried out to verify a customer’s identity. The process is intended to support anti-money laundering (AML) measures while protecting against impersonations, financial scams, etc. Other than that, it may also need to be completed to lift any limitations placed on trading, depositing, and withdrawing assets, which you will find on BingX as well. Consequently, users’ identities can be validated through the documents they submit, i.e., their passports or ID cards. (How to Complete KYC on BingX)
For comprehensive details on depositing and withdrawing on BingX, please refer to the following link for further information. How to deposit in BingX, and how to withdraw on BingX.
Step 1
Submit Personal Information and Documents
So, to begin the verification process, log into the account you have just created and select that profile icon at the top. Click Identity Verification from the drop-down menu, then read and check the box below that states, “I confirm that I have read the Privacy Notice of KYC verification.” Click Next, then continue onward.
Here, you will have to choose your document type and the issuing country. Upload a photo that includes the necessary identity document, and then submit a photo of where you are holding this document. Also, try to ensure that the information you have provided here remains consistent and accurate.
Step 2
Await Completion
The KYC application you just submitted will require around a single working day to fully process if what you submitted is accurate and complete. However, if your application has been denied, you can check the error incurred and then resubmit or go through that process again. If that doesn’t work, you can contact the BingX online support team for more details.
FAQs
How to create an account on BingX
To create an account on BingX, simply head over to its website and click the Register option at the top. Follow the instructions asked of you here, like entering your email address or phone number, setting a strong password, and adding the verification code to get done with the registration process.
How to enable 2FA on BingX
Choose Account & Security by clicking your profile icon at the top once you have logged in. On the “Security Center” page, click the Link option for Google Verification. After that, you will need to scan a QR code corresponding to your mobile device’s operating system, i.e., iOS or Android, to install the Google Authenticator application. Or you can simply download it directly from the Play Store and click Next once you have done so.So, open the application you have just downloaded and select the + sign at the bottom. Now, just scan the QR code that you will see on the webpage and then slide to finish the verification puzzle. Enter both of the verification codes sent to your registered email address and Google Authenticator. Then, click Submit, and the binding procedure will be successfully completed.
Does BingX Force KYC?
KYC is not a must if you simply want to deposit and begin trading. However, if you wish to extend your withdrawal limits, then going through it will be necessary. So, no, KYC isn’t exactly forced here.
