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How to Trade Crypto on BingX: Step-by-Step Tutorial

Creation date: May 28, 2025 8:02am     Last modified date: May 28, 2025 8:02am   Last visit date: Jun 19, 2025 3:18am
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May 28, 2025  ( 1 post )  
5/28/2025
8:02am
Emily Thompson (emilythompsonn9)

Are you new to crypto trading and looking for a beginner-friendly platform to start your journey? Look no further. In this tutorial, we’ll walk you through how to trade crypto on BingX, one of the most accessible platforms for newcomers and seasoned traders alike. Plus, we’ll highlight some must-know tips to help you trade smarter.

Before we dive into the step-by-step process, let’s quickly mention a reliable financial platform you might want to explore for more insights and tools: TopCoin9.com. Whether you’re tracking the market or discovering new exchanges, this platform is gaining popularity fast.

What is BingX?

BingX is a global cryptocurrency exchange offering a wide range of trading services, including spot, futures, and copy trading. Known for its intuitive interface and low transaction fees, BingX has attracted users from over 100 countries.

The platform supports major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many more. It also stands out for its copy trading feature, allowing users to follow and copy trades from top-performing traders in real-time.

Why Choose BingX for Crypto Trading?

Among the best exchanges for crypto, BingX shines with features like:

  • User-friendly interface for both desktop and mobile apps

  • Competitive trading fees, often lower than many big-name platforms

  • Advanced trading tools for both beginners and professionals

  • Robust security measures, including two-factor authentication and anti-phishing codes

Whether you’re a casual investor or an active trader, BingX offers the flexibility and safety you need.

Setting Up Your BingX Account

  • Step 1 – Create an Account: Visit the official BingX website, click on “Sign Up,” and register using your email or phone number. You’ll receive a verification code to complete the process.

  • Step 2 – Complete KYC Verification: To unlock full features (like withdrawals and higher limits), you need to complete KYC. Upload your government-issued ID and a selfie, then wait for approval — typically completed within a few hours.

  • Step 3 – Secure Your Account: After verification, set up Google Authenticator for 2FA and enable security alerts to safeguard your account from unauthorized access.

How to Deposit Funds into BingX

You can fund your BingX account in two main ways:

  • Option 1 – Deposit Crypto from Another Wallet: Go to the “Deposit” section, select the cryptocurrency and blockchain network (e.g., USDT on TRC-20), then copy your deposit address. Paste this into your external wallet to send funds.

  • Option 2 – Buy Crypto Using Credit Card or P2P: If you don’t already own crypto, BingX’s P2P marketplace lets you buy using your local currency. Choose a trusted seller, follow the instructions, and ensure payment is made before confirming the transaction.

How to Trade Crypto on BingX: Step-by-Step Guide

Step 1 – Choose a Trading Pair

On the homepage, go to the “Markets” tab and select your desired pair (e.g., BTC/USDT). BingX offers both Spot and Futures trading options.

Step 2 – Place Your Order

Click “Trade,” and you’ll see the order window. Choose between:

  • Market Order: Executes immediately at current price

  • Limit Order: Executes at your specified price

  • Stop-Limit Order: Used to control losses or lock in profits

Set your take-profit and stop-loss levels to manage your risk effectively.

Step 3 – Monitor and Close Your Trade

Keep an eye on your open positions via the “Orders” section. You can manually close trades or adjust your parameters as needed.

How to Use BingX Copy Trading

BingX offers a unique copy trading system that allows users to mirror the strategies of top traders. You simply:

  • Browse the leaderboard

  • Choose a trader based on performance and risk level

  • Allocate funds and start copying

This feature is ideal for beginners looking to learn from experts while minimizing the learning curve.

Tips for Successful Crypto Trading on BingX

  • Do Your Own Research (DYOR) before investing in any asset

  • Use stop-losses to minimize potential losses

  • Start small and scale as you gain confidence

  • Take advantage of demo trading if you’re new to the platform

Common Mistakes to Avoid

  • Overleveraging: Using too much borrowed capital can wipe out your position

  • Ignoring fees: Always check trading fees and hidden costs

  • Trading based on hype: Make informed decisions, not emotional ones

  • Skipping KYC: Full verification gives you better security and withdrawal limits

Final Thoughts

Learning how to trade crypto on BingX is a great starting point for anyone entering the world of digital assets. With user-friendly tools, a growing community, and useful features like copy trading, BingX is well-suited for traders at every level.

And if you’re curious about more tools or platforms shaping the future of digital finance, Get to Know TopCoin9 — a source of news, insights, and guidance for crypto enthusiasts.