Another exchange that we want to discuss in this article is the bingx exchange. This online digital currency exchange was established in 2018 and it is better to know that this exchange has been able to attract many people due to establishing a safe platform for its users. By using this exchange, you can buy and sell your digital currencies in the market of this exchange and provide all the facilities that a trader needs. Also, this unique exchange allows you to communicate with elite traders so that by doing this you can get better investment results.

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The creators of this platform are sure that you will swim in a clear path by using it. To find this way, you can use the best experience and analysis of bingx exchange and choose the best way to invest based on your knowledge. In the following, we are going to answer the question of what is BingX exchange, stay with us.

What is BingX Exchange?

In the introduction, we said that this exchange was launched in 2018, and to check the bingx exchange, it can be said that it has a safe platform for traders. One of its unique features is that beginner traders can train themselves in the digital currency market by using the copy trading feature of this exchange and even refer to earn more profit. You can also refer to this link to get the trading view chart.

You might be wondering what copy trading is! To answer that, know that you use it to perform all the activities of a professional trader, and as the name suggests, by copying the activities of a professional trader, you can easily learn about his trading strategy and in the best way performance in carrying out transactions; It is better to pay attention to this point, to choose your trader, keep in mind that the trader you are looking for must match your choices.

In the beginning, the name of this exchange was registered as Bingbon, which started its activity in Singapore. This digital currency exchange is located on the blockchain network, which was able to develop quickly after changing its brand name to BingX. But the main reason for its development was having the feature of digital currency analysis or copy trading, which was able to gain a lot of fame in this way. It is better to know that this digital currency exchange includes spot trading services, derivatives and copy trading, so that 100 countries around the world use these features. Also, this exchange was ranked 7th in CoinMarketCap in 2021 due to its great success in 24-hour trading volume. Now that we have answered what is BingX exchange, we would like to name some examples of the features of this exchange.

Read more: What is scalp trading?

What are the features of BingX exchange?

Each exchange has advantages and disadvantages that every trader should be familiar with before starting their transactions in each exchange, for example, you should know the fees of the bingx exchange and then buy and sell digital currencies in it, because each exchange charges a fee for each transaction. Charges a different fee.

What are the advantages and disadvantages of BingX exchange?

By using the platform of this exchange, you can take advantage of its trial account, offering high trading leverage in the futures market, BingX exchange has a response in less than 48 hours, which is made possible by email, the ability to buy digital currency by fiat currencies, you can also zero fees on all spot trades on this platform. To answer what are the disadvantages of BingX exchange, it should be said that the only disadvantage of this exchange is limited without it in digital currency pairs and special transfers.

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bingx exchange fee

If you are a beginner in the market of buying and selling digital currencies, it is better to know that you will be charged a fee for each transaction in this exchange, and the fees are usually a percentage of the value of the transaction order. You will be charged 0.06% for each transaction by doing your transactions in this large exchange. Exchanges are basically divided between receivers and creators, receivers use the order book and receive their orders, but creators are the ones who add orders to the order book, and in this way liquidity is spread on this platform.

Read more: The best foreign exchange for Iranians

What is BingX Exchange?

This exchange was established in 2018 and due to its copy trading capability, it was able to make great progress.

Does BingX exchange support Persian language?

This exchange also supports Farsi language, the only thing you need to do to change it is to change the language settings of your user account to Farsi.

What is the Word link to the BingX exchange?

To enter this exchange, visit this link https://bingx.com/en-us/partner/Hamyarcrypto.

Conclusion

In this article, we tried to introduce you to this exchange, which is very suitable for people who have just set foot on this field. By activating the copy trading function, this exchange has given you the possibility to use a professional and skilled trader in making transactions and buying and selling your digital currencies by copying its activity in the best way to earn big money. . And it is better to know that this exchange not only has Persian language, but also it is not sanctioned for Iranians and therefore you can easily buy and sell your digital currencies in this exchange.