Hey everyone at Bitnaz,
With some big crypto exchanges facing trouble in India, it’s been a bit of a rough ride for traders. But here’s the good news: BingX is still going strong and it’s here to stay.
What’s BingX All About?
BingX.com, established in 2018, has quickly risen to prominence with a user base exceeding 10 million. It’s not just the numbers that are impressive; it’s the comprehensive suite of services that cater to both novices and seasoned traders alike. For Indian traders, BingX.com represents a new chapter in crypto trading, providing a secure and user-friendly platform that stands out in the post-ban landscape.
What Makes BingX Stand Out?
BingX, founded in 2018, has quickly established itself as a trusted name in the crypto exchange industry. With a user base of over 10 million, it’s clear that the platform is doing something right. But what exactly?
- Extensive Cryptocurrency Support: BingX boasts support for over 700 cryptocurrencies, providing Indian traders with an extensive array of options to diversify their portfolios.
- Fee Structure: A Wallet-Friendly Approach: Understanding the criticality of trading costs, BingX.com has structured its fees to be among the most competitive in the industry. With spot trading fees at a mere 0.1% and even more favorable rates for its VIP users, it ensures that traders keep a significant portion of their gains.
- Robust Security Measures: Security is a top priority for BingX, which is evident from its partnerships with leading cybersecurity firms and its compliance with international security standards.
- Proof-of-reserves: In the digital age, security is paramount, and BingX.com has left no stone unturned. It operates with a robust compliance matrix and has partnered with top cybersecurity firms to ensure the safety of its users’ assets. The platform’s commitment to transparency is evident with its 100% Proof-of-Reserves, providing users with the confidence to trade without fear.
- Copy Trading: One of BingX.com’s standout features is its copy trading platform, which allows users to mirror the trades of experienced traders. With over 15,000 elite traders and more than 38 million in copier earnings, it’s a feature that empowers both novice and seasoned traders alike.
- The VIP Club: Exclusive Perks for the Elite: BingX.com’s VIP Club is a testament to its dedication to user satisfaction, offering a range of exclusive benefits and perks. From reduced fees to access to cutting-edge trading tools and financial products with attractive APRs, the VIP Club is designed to enhance the trading experience.
Robust Security Measures
BingX implements a variety of security measures to ensure the safety of its users’ funds and data. These include:
- Industry-Standard Encryption: To protect sensitive information, BingX uses industry-standard encryption protocols.
- Two-Factor Authentication (2FA): For enhanced account security, 2FA is a mandatory feature.
- Bank-Grade Custody Solutions: The custody solutions are designed to regulate permissions across all functional departments, ensuring a high level of security.
- Insurance Fund: To protect against unforeseen risks, BingX has an insurance fund mechanism in place.
- Security Partnerships: BingX has partnered with top cybersecurity firms and has passed security audits by reputable organizations like CertiK.
Regulatory Approval
BingX’s commitment to compliance and regulation is evident in its approval by various authorities:
- FinCEN: BingX is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network in the United States.
- AUSTRAC & FINTRAC: It also holds registrations with the Australian Transaction Reports and Analysis Centre and the Financial Transactions and Reports Analysis Centre of Canada.
- Global Compliance: BingX operates with licenses or regulations from local governments in all regions where it has a presence, including the European Union, Australia, Hong Kong, and Taiwan.
These factors contribute to BingX’s reputation as a safe platform for crypto traders globally, including those in India, where it provides a compliant and secure trading environment. The platform’s adherence to stringent security protocols and regulatory standards makes it a reliable choice for engaging in cryptocurrency transactions.
BingX in India:
many popular platforms have faced bans. But BingX stands out with its commitment to compliance and security. One of the best things about BingX is that they’re not charging the extra 5% tax (TDS) and 30% Tax that you might have to pay with other exchanges. That means more money stays in your pocket.
So, if you’re looking for a place to trade crypto that’s safe and easy to use, give BingX a try. They’re all about helping you trade without the hassle.
Bitnaz’s Exclusive BingX Campaign:
Alright, here’s the scoop on the special campaign BingX is running just for our community.
How to Participate: Register now:
- Event Period: May 6, 2024, 22:00 to May 31, 2024, 23:59 (UTC+8)
- Register: Make sure to sign up on BingX during the campaign period. (No KYC needed). Register here.
- Tasks & Rewards: 1⃣️ Deposit 100USDT and get 5 USDT for free 2⃣️ Trade 8k and get 5 USDT for free 3⃣️ Trade 6w and get 20 USDT for free!
- Limited Availability: Be quick! Only the first 2,000 new users will get their hands on the rewards.
- Trade Smart: Trades held for over 1 minute count toward your participation.
- Reward Distribution: Expect your rewards to be credited within 5 working days after the campaign concludes.
So, whether you’re a seasoned trader or just dipping your toes into the crypto ocean, BingX welcomes you. Sign up, participate, and let’s ride the crypto wave together! 🌊🔥
