BingX Blog

Your go-to source for BingX stories, company news, and product updates.

What is Crypto Staking – PoS vs PoW, How to Start and Disadvantages

The world of cryptocurrencies has come a long way since the inception of Bitcoin. While at the beginning everything was connected to Bitcoin due to the invention of Proof-of-Work consensus mechanism, a few years later, different consensus mechanism protocols were created. One of them, and probably the most famous one right after the Proof-of-Work is called Proof-of-Stake. This consensus mechanism allows for staking of cryptocurrencies and varies from Proof-of-Work in several aspects, which will be talked about about more in the next few paragraphs. What is proof of stake? Proof-of-Stake, unlike Proof-of-Work consensus mechanism, does not need mining or extensive computational power to run the network. The PoS was designed in such a way that the holders of the coins, the stakers, are able to use their holdings to help secure the network solely by locking them in specialised pools in a process known as staking (Becker, 2021). This is allowed for thanks to staking pools, where the partici
11 min

BingX Releases Version 3.8 Update – All You Need to Know

Join the Trading Community: Learn & Earn with BingX. BingX, the leading social trading exchange offering USDC futures, is excited to release its latest version 3.8 for iOS and Android, improving the overall trader experience on the platform. One of the main features of this update is the support of price warning. Users can now set the warning price independently and receive a notification when the market price reaches their pre-set warning price. The frequency of warning price notification is divided into three tiers: only once, once every 24 hours and frequent early warning. At present, there are very few competing products on the market that have the option of “once in 24 hours”. In addition, the frequent early warning setting is only half of the average market frequency after being set in the background and will not bombard customers with repeated notifications when the market fluctuates. Furthermore, the early warning setting is divided into two distinct directions
2 min

BingX Sponsors Educational Crypto Seminar in Partnership with Vilarso and Boris Borbot

BingX has partnered Vilarso and Boris Borbot to hold an intensive educational seminar on all things cryptocurrency. Vilarso conducted this seminar in Sochi on 5 and 6 Aug 2022, sharing his ideas on trading principles, how to trade a trend and how to use market depth and the event is proudly sponsored by BingX, the leading social trading exchange. Vilarso is one of the many experienced traders on the BingX platform and has a large following on TradingView as well. He believes the team has a vision and a goal of crypto adoption and saw the struggle of the industry’s newcomers, yet to adopt a solution where “young” investors and traders don’t lose their capital and give up hope on crypto and blockchain. He also shared that the BingX platform delivers an exclusive experience of true social trading. A variety of filters and categories allows a user to select the right trader based on his behaviour and trading style, grid trading allows them to automate trading and ea
3 min

BingX Launches Futures Grid Trading

BingX is excited to announce the launch of our Futures Grid Trading, following our introduction of Spot Grid Copy Trading back in March. As its name implies, the Futures Grid Trading feature combines grid trading and futures trading, which can bring grid profit for users. Grid Trading is a quantitative trading strategy that automates the buying and selling of digital assets at preset intervals around a preset price range to build trading grids. These trading grids help investors rake in money like a fish net – through executing low-buy and high-sell orders during price volatility, the system ensures profit every time the selling price exceeds the buying price, thus eliminating the need to forecast the market. On top of that, futures grid trading allows traders to use leverage to maximise the profit. Compared with other platforms, BingX provides users with more flexibility by lowering the minimum investment amount. Traders could try futures grid trading with 20USD and see how it a
3 min

BingX Launches Version 3.4 Update with Premium Features and Trading Tools for Traders at Every Level

Join the Trading Community : Learn & Earn with BingX.   Crypto social trading exchange BingX has launched its version 3.4 for iOS, Android and PC today. This new update is packed with premium features and optimised trading tools for both new and experienced traders.   BingX is focused on making crypto trading easy and has placed innovation at the core of its development. The latest version upgrades features such as multi-chart views, detailed data points, risk ratings, popular and conservative trader lists while fixing issues like copy and grid asset views. BingX Version 3.4 Updates Social trading on BingX allows users to observe other traders and follow or execute the strategies of these more experienced users. This help maximise one’s own trading potential with a little help from someone more experienced.   With the latest introduction of multi-charts view and the fixing of copy and grid asset views, BingX traders can now view multiple currencies on the same
5 min

BingX Concludes its 4th Anniversary Celebrations And Announces The Grand Winners

Join the Trading Community: Learn & Earn with BingX. After an intense month of competition, our BingX 4th anniversary tournament has come to an end! We would like to thank each and every one who participated in our month-long contest. As a recap, our contest started on 20 May 2022 and over the next 3 weeks, traders battled it out to be the top 90 users and 100 most popular users on the hot list made it to the grand finals. It was a tense final week that saw the remaining traders compete on these 2 fronts. We are delighted to announce the winners of this year’s tournament. Once again, congratulations to all our winners and here’s to many more years of celebrations with BingX, the world’s leading social trading platform. About BingX Founded in 2018, BingX has grown to become the world’s leading social trading platform. It is global digital asset, spot, and derivatives trading platform that provides a safe, reliable, user-centric and open ecosystem with intuitive social tradi
2 min

All you need to know about BingX Version 3.3 Upgrade

Join the Trading Community: Learn & Earn with BingX. Crypto social trading exchange BingX is delighted to release its latest version 3.3 update, optimising their copy-trading service to further empower its traders. BingX is always creating a user-centric experience for its users. With the new upgraded features such as added data charts, risk ratings, popular and conservative trader lists, crypto trading is definitely made easy. Here’s what’s new in the latest version: Popular Trader List This new display features the trader that has the most number of followers. Traders can attract followers by managing their share trading account via: holding a minimum fund of 500 USDT in their share trading account, setting a nickname and avatar, relatively steady trading records, interacting with followers on Feed, applying for platform resources. New traders can refer to this list, which presents the choices of most users after evaluation and can help identify high-quality traders with goo
4 min

BingX Enables Fractional NFT Trading on its Platform

Join the Trading Community: Learn & Earn with BingX. Crypto social trading exchange BingX is thrilled to launch its fractional NFT trading feature on its platform. This comes after the success of its inaugural NFT crowd subscription project back in April. Previously, the platform has successfully subscribed for MAYC#15186, Otherdeed#99961, and airdropped Otherdeed#14996 for MAYC# holders through the blue-chip NFT fragment subscription activity. Holders are now able to freely buy, sell and trade the shards of these 3 NFTs on the BingX platform, lowering the threshold for everyone to participate in the NFT market, helping everyone to capture the market fluctuations of blue-chip NFTs with small funds.   NFT details: MAYC#15186 This NFT has a total of 1000 shards. Otherdeed #99961 The NFT has a total of 200 shards. Otherdeed #14996 This NFT has a total of 1000 shards.   How to conduct shard transactions? Open your BingX app, go to homepage and click on NFT Enter the NF
3 min

BingX – The World's Leading Social Trading Platform

BingX is a worldwide derivatives trading exchange and digital asset that offers a public ecosystem with instinctive social trading features. The company has offices in Canada, Hong Kong, the United States, Australia, and Taiwan. BingX was developed to enrich the cryptocurrency industry. It offers a secure, user-friendly, and reliable platform for participants to trade their best assets like AXs, DAO, Cosmos, and Chilliz. BingX credits itself with complying with standard regulatory practices across the board. Acquiring the Canadian and US licenses is a big leap for BingX, meaning they can now access the mainstream market being a completely compliant institution. BingX is the first marketplace to bring together high-quality traders and regular traders. BingX’s cutting-edge copy trading tool has benefited more than 20,000 copy traders, with a total of 5,000 daily traders. What sets BingX apart from other trading platforms Joining the BingX community gives you access to a multitude
4 min

BingX Launches its C2C Merchants Payment Feature for Easier Deposits of Fiat Currency

Join the Trading Community: Learn & Earn with BingX. Crypto social trading exchange BingX is excited to announce the launch of its Global C2C Merchants Payment feature to make it more convenient for users to deposit fiat currencies to trade cryptocurrencies. BingX will open TWD and USD fiat currencies first, with plans to launch EUR, VND, RUB, IDR, MXN, PHP, JPY, GBP and other fiat currencies in succession. To celebrate the launch of this initiative, traders will enjoy zero handling fees on all their transactions and exciting discounts upcoming in the month of June. Global merchants are also invited to be a part of BingX’s network, with early bird rewards and gifts for those who enter. “With this new feature, we hope to expand our list of merchants globally while simplifying the trading process in ways unimaginable for our community of users. As we continue to expand our network and market of services, we will continue launch innovative products that offer value but keep user
2 min

BingX launches its 2nd financial management product on the back of strong demand

Join the Trading Community: Learn & Earn with BingX. Social trading platform BingX is excited to launch another 7-day USDT Earn. Phase 2 of this product will have a limited-time offer starting 31st May 2022. The inaugural launch of this series of financial management product under BingX Earn was very well-received and the 18% APY offer was fully subscribed as many users sought a safer and more reliable way to gain value for their digital assets. With rising demand from our community, the latest 7-day USDT Earn offers BingX users the chance to earn 12% APY. “Given the market volatility, it is only fitting that we adjust accordingly to meet the changes and market demands. We’ve seen our first 7-day USDT Earn launch perform exceptionally well, given that it is relatively more reliable and trusted as a store of value. On the back of this strong demand, sought to fulfil our users’ by launching our second 7-day USDT Earn,” said Elvisco Carrington, Global Communications & PR Direc
3 min

BingX Launches USDC-Margined Perpetual Futures for its Users

Join the Trading Community : Learn & Earn with BingX. Social trading platform BingX is pleased to launch its USDC-margined perpetual futures. This new product will allow users to trade using their USDC balance on BingX’s derivatives exchange. Using Bitcoin as an example, traders will be able to place an order based on the quantity of bitcoin and trade with USDC. This new perpetual futures joins other existing offerings on BingX’s trading platform. “Given the current circumstances, everyone is worried about the volatility of the USDT so it is only fitting that we adjust accordingly to meet the changes and market demands. Over the past week, we’ve been listening to the cries of users and have sought to answer their prayers by launching our USDC-margined perpetual futures, which is relatively more reliable and trusted. BingX will continue to add more value through its new innovative products” said  Elvisco Carrington, Global Communications & PR Director at BingX.  Most recen
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