Bingx vs Biking: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Bingx and Biking This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Bingx

Biking

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Bingx is ideal if:

Social or copy traders: You’ll benefit from one of the most robust copy-trading ecosystems in crypto, with transparent trader metrics and automated execution tools.
Beginners needing ease and tools: The platform combines a clean, intuitive interface with demo trading, grid bots, and straightforward guidance—designed to ease newcomers into crypto trading.
Leverage and derivatives users: Advanced traders get access to high leverage (up to 125×), diverse derivatives beyond crypto (like forex, indices, commodities), and TradingView-style analysis features.

Biking is ideal if:

For traders seeking smart contract flexibility, BiKing offers multiple contract types—perpetuals, quick contracts, and cross-margin/isolated modes—so you can align with diverse market strategies.
If asset security matters to you, the platform emphasizes bank-level protection, with deep cold storage, multi-signature withdrawals, and a tiered risk-control system.
When you value responsive support, BiKing provides 24/7 customer assistance and maintains a user-centric approach to keep trading smooth and reliable.

Bingx isn’t ideal if:

You want direct fiat trading or card support: If you prefer depositing and withdrawing fiat currencies directly, this may be a drawback—BingX relies heavily on third-party or stablecoin conversions rather than full fiat integration.
You need full support in heavily regulated markets: Residents of countries like the US, UK, or Canada may not be able to access the platform due to local restrictions or compliance policies.
You expect phone-based customer support: Support options are limited to email and live chat, so if you need voice assistance, this platform may fall short for your needs.

Biking isn’t ideal if:

If you prioritize top-tier regulatory protection, BiKing falls short—it’s not overseen by major regulators, thus offering less legal safety and transparency.
For users seeking high liquidity or advanced tools, the platform may feel basic and limited, especially compared to larger exchanges.
Concerned about reputation and transparency? BiKing has multiple user complaints about withdrawal issues, expired licenses, and opaque operations—raising red flags for reliability.

Fees & Total Costs

Spot Maker/Take

Most major spot pairs carry a flat maker-and-taker rate of around 0.1 %, though less liquid or niche tokens may incur slightly higher rates up to 0.15 %, and VIP levels or usage of the native token can unlock discounts.

BiKing applies a flat trading fee for both makers and takers on spot trades, regardless of your volume level; there’s no discount tied to using a native token, so the cost per trade remains consistent across users.

Futures/Derivatives

Perpetual futures typically cost about 0.02 % for makers and 0.05 % for takers, plus a funding rate that updates roughly every eight hours and can swing depending on market imbalances.

On perpetual futures, BiKing charges a uniform fee whether you’re adding or taking liquidity, and funding payments happen directly between traders on fixed intervals—BiKing itself doesn’t impose any additional charge for that.

Average Spreads on Liquid Pairs

For top-tier pairs like BTC/USDT and ETH/USDT, the spreads are very tight, reflecting strong liquidity and efficient execution in the order book.

The exchange maintains tight spreads on its most traded pairs to support efficient execution, reflecting its focus on seamless trading in deep markets.

Fiat Deposits & Withdrawals

Users must rely on third-party services (like MoonPay or Mercuryo) or P2P methods for fiat funding; BingX itself doesn’t charge fees, but providers may, and processing times vary by method and geography.

BiKing currently does not facilitate traditional fiat deposits or withdrawals via bank wires or cards, operating chiefly within the crypto-to-crypto sphere to keep things straightforward and platform-native.

On-chain Withdrawals

Crypto withdrawals are charged a flat network-based fee per token—e.g., approximately 0.0005 BTC, 0.005 ETH, or 1 USDT (TRC-20)—subject to variation based on congestion and blockchain conditions.

Withdrawal costs are dynamically calculated based on network conditions—BiKing passes along the prevailing network fee for each blockchain rather than using a fixed fiat-denominated rate.

Hidden Costs

Additional costs may include a 0.2 % currency conversion fee when depositing in a different fiat than your account base, possible inactivity or express KYC fees in rare cases, and variable third-party fees on fiat rails.

There’s no evidence BiKing applies fees for things like currency conversions, account inactivity, or expedited verification processes, making its structure transparent and predictable beyond standard trading and withdrawal costs.

Real-World Cost Example: “€500 BTC

In this scenario, you’d face the spot trading fee (~0.1 %), a small spread on BTC/USDT, any conversion fee if deposited in euros (~0.2 %), and the fixed network withdrawal fee to take BTC off the platform.

In a scenario where you convert fiat into crypto—though fiat options are not currently available—BiKing’s structure means you’d face only the usual spot trading fee and the network-based withdrawal cost, without added platform margin or hidden charges, ensuring clarity in your total cost.

Crypto Offering & Trading Features

Number of Coins & Pairs

BingX supports over 1,000 cryptocurrencies across more than 1,000 trading pairs, with the top-20 pairs by volume heavily featuring mainstream assets like BTC/USDT, ETH/USDT, SOL, XRP, DOGE, ADA, LINK, and TRX.

BiKing lists around 260 cryptocurrencies and their associated trading pairs; the top 20 pairs—dominated by major market leaders—are generally those with the deepest liquidity and highest activity.

Product Range

The platform covers a full spectrum of instruments—spot trading, margin, perpetual futures (perps), copy trading, grid bots, staking, wealth products, lending/loans, and promotional staking, though it doesn’t currently offer options or crypto ETFs.

The platform focuses on perpetual and quick contracts, spot trading, and “bonus” or gamified contract modes—without options, ETFs, staking pools, lending, copy trading, grid bots, or auto-DCA features.

Liquidity

BingX regularly sees multi-billion-dollar 24 h trading volume, with a deep order book on major pairs like BTC and ETH ensuring tight spreads and swift execution even amid market swings.

BiKing reports healthy daily volumes in both spot and derivatives markets, supporting smooth execution; specific order-book depth metrics for BTC/ETH suggest reliable liquidity for active traders.

Tools

Traders can access a comprehensive toolkit

BiKing supports standard order types like limit, stop, and OCO, and includes charting and API access, though it lacks built-in TradingView integration or advanced alert systems.

Geographic Restrictions by Product

Certain advanced products—especially derivatives and copy trading—may be unavailable or restricted in jurisdictions like the US, UK, and Canada due to regulatory constraints.

Certain advanced products such as derivatives may be restricted in regulated regions—even with global availability, some users may find limited access to full product suites depending on local laws.

Innovation

BingX stands out with its Launchpad and Launchpool programs for new token access, plus flexible vs. locked staking options, making it attractive for users aiming to participate in early-stage token launches.

While lacking a traditional launchpad, BiKing does offer bonus-mode trading (a task-based rewards system) and appears exploring features like GameFi zones to engage users in flexible, incentive-driven trading experiences.

Security, Regulation & Custody

Operating Entity & Jurisdiction

BingX is operated by BingX Group, established in 2018, with headquarters in Singapore and branch offices across the EU, Australia, and Hong Kong, serving a global user base.

BiKing is operated by BiKing Financial Ltd., founded in 2017 and headquartered offshore, with its main operations based outside major financial jurisdictions to provide global access and flexibility.

Licenses/Registration

The platform holds Money Services Business (MSB) registrations in the United States and Canada, demonstrating regulatory compliance for digital asset and FX services in those regions.

BiKing holds MSB-style licenses in places like the United States and Canada, but is not regulated by top-tier financial authorities, which limits its legal transparency and oversight.

Custody

BingX entrusts custody to a combination of its own infrastructure and bank-grade systems, stores around 90 % of assets in cold wallets, publishes Proof of Reserves reports (typically bi-monthly), and undergoes independent audits by third parties.

BiKing uses in-house custody with deep cold storage, multi-signature withdrawals, and an anti-risk architecture to protect user funds, although it does not publicly publish proof-of-reserves or detailed audit reports.

Insurance & Protection Funds

A dedicated Shield Fund exists to safeguard users from extreme volatility and leveraged position failures, complementing the security infrastructure.

There’s no publicly disclosed insurance or user compensation fund, meaning users rely primarily on BiKing’s internal security framework rather than external protection schemes.

Incident History

In September 2024, BingX experienced a hot-wallet breach resulting in significant asset loss, after which it restored operations fully and launched the “ShieldX” security enhancement program.

BiKing has no prominent history of major hacks or regulatory penalties, although there are occasional reports of withdrawal delays and limited transparency in incident reporting, which suggests a mixed track record on operations.

Risk Controls

Users benefit from robust controls including mandatory two-factor authentication (2FA) via email, phone, or authenticator apps, optional fund-password separation, anti-phishing codes, withdrawal whitelists, account locking, AI-augmented withdrawal reviews, and granular API and sub-account permissions.

The platform supports robust safety features such as two-factor authentication, encryption, intrusion prevention systems, and expressive API controls, all reinforced by firewall protections and multi-layer risk policies.

Transparency

The platform provides periodic Proof of Reserves disclosures, engages in regular security audits and penetration testing, and offers enhanced monitoring via ShieldX infrastructure, though public wallet addresses or formal SLA documents are not prominently featured.

BiKing lacks publicly visible wallet addresses, formal service-level agreements, or monthly transparency reports, making it less open about operational metrics and fund holdings than more transparent platforms.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

BingX accepts fiat deposits via bank transfers (such as SEPA or local rails), credit/debit cards, and e-wallets; daily and monthly limits vary by KYC level—unverified users face tighter limits, while advanced-verified accounts enjoy unlimited access—and deposit times range from instant to a few business days depending on the method and region.

BiKing does not support traditional fiat deposit methods—like bank transfers, cards, or e-wallets—so there’s no associated limits or processing times to consider.

Supported Fiat Currencies & Conversion

BiKing does not support traditional fiat deposit methods—like bank transfers, cards, or e-wallets—so there’s no associated limits or processing times to consider.

KYC (Verification Levels)

BingX offers tiered KYC—Unverified, Basic, and Advanced—with gradually increasing deposit and withdrawal limits; for example, unverified users have modest caps, Basic KYC allows mid-tier limits, while Advanced KYC unlocks unlimited usage and fiat features like launchpad access.

BiKing mandates a primary KYC step that ties your identity to your account, required to begin trading; there is no tiered verification system publicly described, and higher account access is granted once the basic identity check is cleared.

Withdrawals

limits, times, and networks

On-chain withdrawals are available via multiple blockchain networks (e.g., ERC-20, BEP-20, TRC-20), with dynamic delays depending on network conditions; specific daily or per-transaction caps are not openly defined.

Customer Support

BingX provides 24/7 support via live chat (web/app) and email, backed by a comprehensive Help Center; response times are generally prompt, and they regularly upgrade their support system to enhance reliability.

BiKing advertises round-the-clock customer support, accessible via in-app or web chat and email, along with an evolving help center, though exact average response times aren’t specified.

Languages & Localization

The platform supports multiple languages (English, Spanish, French, etc.) and displays fees in fiat like EUR or USD depending on user region; Turkish support was removed recently due to regulatory changes, but localization remains robust overall.

The interface is fully available in English among other languages; while fees or quotes aren’t localized to € or $ specifically, the platform remains region-agnostic without deep alignment to particular local regulatory setups.

App Quality & Stability

The BiKing app is promoted as continuously refined by its tech team for a smooth trading experience, though there’s no publicly available data on crash rates or the recency of updates.

Experience, Performance & Ecosystem

UX/UI

While there’s no official crash-rate metric, users frequently report occasional app crashes or performance hiccups on both Android and iOS; BingX recommends keeping the app updated, clearing cache, and restarting it to mitigate such issues.

BiKing offers a polished, intuitive interface with a fast-matching engine and a slight learning curve—ideal for both new and experienced users—though it doesn’t explicitly separate “Lite” and “Pro” editions, delivering advanced functionality within one cohesive layout.

Performance

Order latency is generally low, ensuring quick fills even under normal market conditions, though performance can slow slightly during volatile spikes; KYC queues may grow during bull runs, causing temporary delays before trading access is granted.

The platform emphasizes microsecond-level order matching and anti-risk mechanisms to keep operations stable during spikes in market volatility, maintaining responsiveness when others might lag.

Education

Users enjoy access to a built-in academy with tutorials, demo trading and simulator features to practice risk-free, as well as educational materials increasingly available in Spanish, though the depth varies by content.

While there’s no dedicated academy or simulator, BiKing supports its users through informative FAQs, community insights, and integration with evolving GameFi incentives to help users learn indirectly.

Community

There’s an active official presence across forums, Telegram, and occasionally Discord, supported by a referral program that rewards users for bringing in new traders—this community dynamic enhances learning and engagement.

BiKing boasts an energetic affiliate scheme (with unique perks such as high-value rewards), along with active official Telegram and social media channels that foster collaboration and user growth.

Integrations

The platform integrates with TradingView for advanced charting, supports external trading bots, and works with third-party tax and accounting tools—simplifying strategy execution and post-trading record-keeping.

The platform backs core trading tools and API access for external developments, though it stops short of native TradingView embedding or tax/accounting tool integrations—focusing instead on simplicity and performance.

Who Each One Is Best For

The interface’s dual mode suits both beginners (Lite) and seasoned traders (Pro); the robust ecosystem and tools make it especially attractive for users focused on social trading, automated strategies, and efficient workflow integration.

BiKing suits traders seeking a high-performance, security-focused crypto platform with GameFi gamified experiences and solid community backing—less so for those needing extensive educational modules, sophisticated bot ecosystems, or financial reporting tools.