Navigating the world of cryptocurrency exchanges requires a clear understanding of fee structures. BingX, known for its innovative social trading and copy trading features, offers competitive pricing across various services including spot, futures, grid, and peer-to-peer (P2P) transactions. This comprehensive guide breaks down all BingX fees—from deposits and withdrawals to trading costs—so you can make informed decisions while maximizing your returns.
Understanding BingX Fee Structure
BingX positions itself as a social crypto exchange, enabling users to follow and copy expert traders. While it may not be as established as giants like Binance or OKX, BingX has carved a niche with its user-friendly interface and strong focus on community-driven trading. To fully leverage the platform, understanding its fee model is essential.
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Deposit Methods & Associated Costs
BingX supports three primary deposit methods: credit card purchases, C2C (peer-to-peer) trading, and wallet transfers via blockchain. Each comes with distinct cost implications.
Credit Card Purchases
Buying crypto with a credit card is convenient but comes at a premium. The total cost includes:
- 1.5% foreign transaction fee (due to overseas processing)
- ~0.5% spread from third-party providers (e.g., MoonPay)
- ~4.5% processing fee
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Total: ~6.5%, making this option best suited for small, urgent purchases or users with high cashback cards. For larger amounts, consider other options to avoid unnecessary costs.
C2C (Peer-to-Peer) Buying
C2C allows direct user-to-user transactions without platform fees. However:
- Prices are typically 1% higher than market rates (e.g., USDT priced at 30 TWD instead of 29.5)
- No transaction fees charged by BingX
- Risk of fraud exists—always verify counterparty reputation
This method balances cost and accessibility, ideal for users seeking lower fees than credit cards but preferring fiat on-ramps.
Wallet Transfers (Blockchain Deposits)
Depositing via blockchain incurs only network-level gas fees, which vary by network and token:
- TRC20 (USDT): ~1 USDT (fast and economical)
- ERC20 (USDT): Higher gas fees depending on Ethereum congestion
- OMNI (legacy): Up to 28 USDT—not recommended
BingX does not charge deposit fees, so costs depend solely on the sending wallet or exchange’s withdrawal policy.
Withdrawal Fees Overview
Withdrawing assets from BingX involves fixed fees based on asset type and network.
Blockchain Withdrawals
| Asset | Network | Fee |
|---|---|---|
| USDT | TRC20 | 1 USDT |
| USDT | ERC20 | 20 USDT |
| USDT | OMNI | 28 USDT |
| BTC | — | 0.0005 BTC |
| ETH | — | 0.007 ETH |
| XRP | — | 0.25 XRP |
✅ Pro Tip: Always choose TRC20 for USDT withdrawals—it's faster and significantly cheaper than ERC20 or OMNI.
C2C Withdrawals (Upcoming)
BingX plans to launch C2C withdrawals with:
- Zero platform fees
- ~1% price spread
- Same counterparty risk considerations as C2C buying
This will provide a seamless fiat off-ramp for users in regions like Taiwan.
BingX Trading Fees Breakdown
Swap (Instant Exchange)
The Swap function lets users quickly exchange one crypto for another using a blended market rate. While the exchange rate is nearly identical to spot markets (~0.001% slippage), a 0.2% service fee applies per transaction.
Ideal for users prioritizing speed over minimal cost.
Spot Trading Fees
BingX differentiates between Maker (limit orders adding liquidity) and Taker (market orders removing liquidity):
- Taker Fee: 0.04%
- Maker Fee: 0.04%–0.08% (varies by trading pair)
This structure incentivizes limit-order usage, reducing overall market impact.
Grid Trading Fees
Grid trading uses the same fee model as spot trading:
- Maker: 0.04%
- Taker: 0.04%–0.08%
Automated strategies benefit from predictable cost structures, especially in volatile markets.
Futures (Contract) Trading
Futures trading includes reduced promotional rates:
- Taker: 0.040% (normally 0.075%)
- Maker: 0.020% (normally 0.045%)
⚠️ Important: In addition to trading fees, monitor the funding rate, which adjusts every 8 hours to align perpetual contract prices with spot markets.
- Positive funding rate: Long positions pay shorts
- Negative funding rate: Short positions pay longs
High-volume traders qualify for VIP tiers with further reductions—down to 0.023% taker and –0.015% maker (rebates).
Copy Trading Fees
BingX’s standout feature—copy trading—lets users mirror top performers’ moves automatically.
- Trading Fee: 0.0375% per executed trade
- Profit Sharing: Typically ~8% of profits go to the lead trader (set by them)
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Profit sharing is calculated daily; if no profit is generated, nothing is paid. This model rewards skillful traders while aligning incentives across followers.
Frequently Asked Questions (FAQ)
Q: What is the cheapest way to deposit funds on BingX?
A: Using TRC20 network transfers is the most cost-effective method, with only a 1 USDT gas fee and no deposit charges from BingX.
Q: Does BingX charge for deposits?
A: No, BingX does not charge any deposit fees. Costs come only from external sources like sending exchanges or wallets.
Q: How much is the USDT withdrawal fee on TRC20?
A: It’s just 1 USDT, making TRC20 the most economical and fastest option for USDT withdrawals.
Q: Is copy trading worth the fees?
A: Yes, if you’re learning or lack time to trade actively. The 0.0375% trading fee plus ~8% profit share can be justified by consistent performance from skilled leaders.
Q: Are there hidden fees in futures trading?
A: Besides standard taker/maker fees, the funding rate impacts holding costs. Always check the current rate before opening long-term positions.
Q: Can I reduce my trading fees on BingX?
A: Yes—increasing your 30-day trading volume unlocks VIP tiers with lower fees and even maker rebates at higher levels.
Final Thoughts
BingX delivers a compelling mix of low-cost transactions and unique social features like copy trading. By choosing optimal networks (like TRC20), avoiding high-fee deposit methods (like credit cards), and leveraging volume-based discounts, users can significantly reduce their overall trading costs.
👉 Start trading with low fees and powerful tools today.
Whether you're a beginner exploring automated strategies or an experienced trader analyzing funding rates, understanding BingX’s fee ecosystem is key to sustainable success in crypto markets.
Note: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry high risk—conduct your own research before participating.