Bingx vs Coins.Ph: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Bingx and Coins.Ph 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

Coins.Ph

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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

India

China

Canada

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.

Coins.Ph is ideal if:

Beginners & Everyday Users: Ideal for users seeking a safe, intuitive mobile wallet that integrates crypto trading with daily tasks like bill payments and mobile top-ups.
Philippines-Based Users: Perfect if you're operating primarily in the Philippines and want a regulated, locally compliant hub for both crypto and fiat transactions.
Casual to Moderate Traders: Great for casual or moderate trading needs with straightforward tools—Coins Pro adds more control, but advanced features remain limited.

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.

Coins.Ph isn’t ideal if:

Global Traders & Non-Regional Users: Limited availability—primarily restricted to the Philippines and Thailand—so it's not a fit if you're outside those markets.
Advanced Traders: Lacks advanced tools like margin trading, passive income options, or demo features, which may limit strategic trading capabilities.
Users Needing High Trust: Some users report frequent negative feedback and unresolved support issues, potentially affecting 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.

Coins.ph uses a tiered maker-taker model where fees decrease as your 30-day trading volume grows, and there is no native token to grant additional fee discounts—just volume-based VIP tier reductions.

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.

At present, Coins.ph does not offer any futures or derivatives trading, so there are no maker/taker or funding fees associated with these instruments.

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.

While you can use the “Convert” feature for zero headline fees, spreads still apply and reflect global market conditions, and such spreads may be wider on liquid pairs like BTC/USDT or ETH/USDT.

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.

You can deposit and withdraw Philippine Pesos using methods like InstaPay, PESONet, or over-the-counter remittance centers, each with its own handling fee structure and typical processing times ranging from near-instant for e-wallets to same-day or next-day for cash pickups.

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.

Cryptocurrency withdrawals are subject to network fees that are dynamic per blockchain—displayed clearly before you confirm a withdrawal—and these vary by coin (e.g., BTC, ETH, TRX) and network congestion, rather than being fixed by the platform.

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 are minimal hidden costs—currency conversions happen at market-informed rates, there’s no explicit inactivity fee or premium for faster KYC, but conversion spreads may still subtly affect your effective rate.

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.

If you were to buy around €500 worth of BTC using the Convert tool, you’d see no trading fee but an implicit spread in the exchange rate, and when withdrawing on-chain you’d pay the network fee displayed—so your total cost would be the combined effect of that spread plus the network fee on top of your purchase.

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.

Coins.ph offers support for over 50 cryptocurrencies in its basic offering, alongside more than 90 spot trading pairs on Coins Pro, including the top 20 by liquidity in leading crypto-to-PHP and USDT combinations.

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 provides straightforward spot trading and “Convert” functionality, and includes features like crypto-leveraged lending; however, it does not support margin, perpetuals, options, crypto ETFs, copy-trading, grid bots, automatic DCA, or staking/earn products.

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.

While exact 24-hour volume and order book depth figures are not publicly shared, the platform handles robust local trading activity in key pairs like BTC and ETH, supported by competitive pricing, though it is not designed as a deep-liquidity venue like major global exchanges.

Tools

Traders can access a comprehensive toolkit

Coins Pro offers essential tools including limit, market, stop-limit, and stop-market order types, and integrates TradingView charts; it also provides REST/FIX APIs, although alerting, OCO orders, or more advanced charting remain limited.

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.

Several advanced trading features such as derivatives or earning products are unavailable outside the Philippines and Thailand, as the platform’s expanded offerings are geo-restricted based on regulatory boundaries.

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.

Coins.ph includes features like Launchpool for new token projects and supports flexible or locked crypto-leveraged lending, but currently does not offer formal staking launchpads or earn-program variations commonly found on global platforms.

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.

The platform is operated by Betur Inc., also associated with DCPay Philippines Inc., legally registered and headquartered in the Philippines, with operations dating back to its virtual asset and e-money licensing between 2016 and 2017 under BSP oversight.

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.

Coins.ph holds multiple licenses under Bangko Sentral ng Pilipinas—including remittance agent, electronic money issuer (EMI), and virtual asset service provider (VASP)—and complies with the Anti-Money Laundering Act, ensuring full regulatory alignment.

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.

Custody of fiat-backing assets, particularly for its PHPC stablecoin, is handled via segregated local bank accounts, supported by internal audit-based proof of reserves attestations showing assets meet or exceed liabilities.

Insurance & Protection Funds

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

There is no formal insurance protection or deposit insurance for cryptocurrency holdings—virtual assets are not covered by the Philippine Deposit Insurance Corporation, underscoring the importance of regulatory compliance but no insured guarantee.

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.

The exchange faced a notable incident in late 2023 when a hack led to an XRP shortfall, which was flagged in their audited financial statements as a “going concern,” though recovery efforts are underway and capital solutions are being pursued by management.

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 implements standard security measures such as SSL encryption and AES-256 data protection, along with user-controlled risk mechanisms including two-factor authentication and biometric logins, though advanced features like API permissions or sub-account segregation are limited.

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.

Coins.ph is subject to regular BSP audits, especially for proof of reserves and operational security, but does not publish public monthly financial reports or provide transparent SLA details—suggesting strong regulatory visibility but modest public reporting.

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.

Coins.ph lets users cash in via bank transfers (InstaPay, PESONet) or over-the-counter outlets; minimums and maximums vary by method and verification level, with near-instant timing for e-wallets and same- or next-day processing for banks or OTC.

Supported Fiat Currencies & Conversion

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.

There are tiered verification levels—Basic (limited access, small buy/sell only), Identity Verified (ID + selfie), and Enhanced (adds income proof)—each unlocking progressively higher deposit and withdrawal limits based entirely on your verification status.

Withdrawals

limits, times, and networks

Withdrawals are available once Identity Verified, subject to daily/monthly caps; timing and network options vary by method (e.g. blockchain networks for crypto or bank/OTC for fiat), and network choice must match to avoid loss.

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.

Support is offered via in-app chat (around 7 AM–9 PM daily), email/contact forms, and phone lines, alongside a robust help center—response times are typically same-day, supported by a detailed knowledge base for self-service.

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 primarily in English, with fees and balances displayed in Philippine Peso (₱)—users won’t see €/USD unless using external conversion tools; the platform is tailored for local regulatory and user context.

App Quality & Stability

The mobile app receives regular updates and improvements, with stable performance and few reported crashes, ensuring users enjoy a smooth experience on both iOS and Android.

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.

The app offers a clean, intuitive interface that’s ideal for beginners, with a seamless transition into a more advanced Coins Pro mode offering richer trading tools once you’re ready to level up.

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.

Order execution is smooth in most conditions, though during high-volatility or promotional periods slight delays or temporary spikes in KYC processing may occur, though system stability remains largely consistent.

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.

Coins.ph features an in-house “Academy” with clear educational materials and crypto basics, but it lacks live demo trading or simulators and does not currently provide Spanish-language content.

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.

The platform supports an active community via its official Telegram channels and social media, and it also runs a referral program that rewards users for inviting friends, though it does not host independent public forums.

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.

Coins.ph integrates TradingView-style charts, but lacks support for external trading bots, tax reporting tools, or formal accounting integrations—making it lightweight but less extensible for advanced workflows.dates

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.

Coins.ph is best suited for newcomers, casual users, and Filipino-based everyday users who want a user-friendly ecosystem combining crypto, payments, and digital finance in one app.