Data reportTrust
Is BingX safe? What the official record shows — and what it does not
We do not score safety. This report lists what BingX’s official sources show, how that compares with 20 exchanges, and what we could not confirm.
Published byGrace Hsu
Data reviewed byJason Lee About us → Key takeaways
- BingX’s proof-of-reserves report for October 2026 shows reserve ratios of BTC 143.42%, ETH 123.93%, USDT 127.36%. No third-party auditor is named, so the figures are the exchange’s own disclosure.
- BingX runs the BingX Shield Fund. Its value was about $126M in November 2026.
- Licenses and registrations: 2 recorded (Lithuania, Australia). The median across 17 exchanges with confirmed data is 2.
- KYC: identity verification is mandatory.
- Security incidents: 1 recorded (2024).
01Reserves: BTC 143.42% · ETH 123.93% · USDT 127.36%
BingX’s proof-of-reserves report for October 2026 shows reserve ratios of BTC 143.42%, ETH 123.93%, USDT 127.36%. It covers 4 assets. Reports are published monthly.
Users can check that their own balance is included with a Merkle-tree tool. No third-party auditor is named, so the figures are the exchange’s own disclosure.
A ratio above 100% means the reported reserves exceed the reported user balances for the covered assets. It is a snapshot published by the exchange itself.
Source: BingX
02Protection fund: $126M
BingX runs the BingX Shield Fund. Its value was about $126M in November 2026.
Source: BingX
03Licenses: 2 recorded, against a median of 2
Our data records 2 licenses or registrations for BingX: Lithuania, Australia. Across 17 exchanges with confirmed data, the median is 2.
A registration is not the same as full regulation of every product. Each entry links to the official source it was recorded from.
Source: CEX Compare, from official exchange sources (checked 2026-11-05)
04How BingX compares
Proof of reserves does not set BingX apart: all 16 exchanges with confirmed data publish one. A user protection fund is recorded at 16 of 17.
| Item | BingX | Across 20 exchanges |
|---|---|---|
| Proof of reserves | Yes | 16 of 16 confirmed |
| User protection fund | Yes | 16 of 17 confirmed |
| Licenses & registrations | 2 | Median 2 (17 confirmed) |
| KYC required | Yes | 17 of 20 confirmed |
| Recorded security incidents | 1 | Median 1 (10 confirmed) |
Source: CEX Compare, from official exchange sources (checked 2026-11-05) · Share of the 20 exchanges on this site with a confirmed value. No weighting and no overall verdict — see methodology.
05What we could not confirm
- An independent auditor for the reserve report — none is named.
Figures checked 2026-11-05
06Fees in context
BingX’s base spot taker fee is 0.100% — 3 of 20 exchanges charge less and 8 charge the same. Its futures taker fee is 0.050%, with 4 of 17 charging less.
Spot taker
20 of 20 confirmedFutures taker
17 of 20 confirmedSource: CEX Compare, from official exchange sources (checked 2026-11-05)
Frequently asked questions
Is BingX regulated?
BingX holds 2 recorded licenses or registrations: Lithuania, Australia. Each applies only to its own jurisdiction.
Does BingX have proof of reserves?
BingX’s proof-of-reserves report for October 2026 shows reserve ratios of BTC 143.42%, ETH 123.93%, USDT 127.36%.
Does BingX have a user protection fund?
BingX runs the BingX Shield Fund. Its value was about $126M in November 2026.
Does BingX require KYC?
Yes. BingX requires identity verification (KYC) before trading.
Every answer is generated from the values above and their official sources — nothing is added that the data does not show.
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About this report
This report is built only from the verified figures on this site. Every number links to an official source, and the data is reviewed by Jason Lee. It is information, not investment advice. About us →