BingX is a global cryptocurrency exchange founded in 2018 that has grown to serve over 20 million users in more than 100 countries. The platform is particularly well-known for its copy trading feature, which allows you to automatically follow the trades of experienced traders. Besides copy trading, BingX offers spot trading with 700+ cryptocurrencies, perpetual futures with up to 150x leverage, trading bots, and various earn products.

By using the referral code 10OFF when creating your account, you receive a permanent 10% discount on all trading fees, both spot and futures. On top of that, you can claim up to $7,600+ USDT in welcome rewards through the BingX Rewards Hub by completing simple tasks.

Overview of the BingX referral code bonus

Referral code	10OFF
Link to BingX	https://bingx.com/en/rewards
Fee discount	10% on all trading fees (spot + futures)
Welcome rewards	Up to $7,600+ USDT through the Rewards Hub
Spot trading fees	0.1% / 0.1% → 0.09% / 0.09% with code
Futures trading fees	0.02% / 0.05% → 0.018% / 0.045% with code
Number of coins	700+ spot / 500+ futures pairs

What is a BingX referral code?

A BingX referral code (also called an invitation code) is a unique code that you enter during registration. Unlike some exchanges where the code only gives you access to bonus tasks, the BingX referral code 10OFF actually provides a direct 10% discount on all your trading fees. This discount applies to both spot trading and futures trading and is permanent, it stays active for the lifetime of your account.

On top of the fee discount, the code also gives you access to the BingX Rewards Hub, where you can earn up to $7,600+ USDT by completing onboarding tasks like KYC verification, your first deposit, and your first trade. Each completed task rewards you with a mystery box containing a USDT bonus.

The referral code can only be entered once, during account creation. It cannot be applied retroactively to an existing account, so make sure to enter 10OFF before completing your registration.

How to use the BingX referral code?

Activating the BingX referral code takes only a few minutes:

Step 1: Create an account with the code

Go to the BingX website or download the BingX app. Click "Sign Up" and register with your email address or phone number. During the registration process, look for the "Referral Code" or "Invitation Code" field and enter 10OFF. If you use our link at the top of this page, the code is applied automatically.

Complete the registration by verifying your email or phone number. You now already have the 10% fee discount active on your account.

Step 2: Complete KYC verification

While basic trading is possible without full verification, completing KYC unlocks higher withdrawal limits and additional Rewards Hub bonuses. Basic KYC requires your name, ID type, and date of birth. Advanced KYC involves uploading a photo of your ID and a selfie. Without any verification, daily withdrawals are limited to 20,000 USDT. With advanced KYC, this limit increases to 5,000,000 USDT.

Step 3: Claim your rewards

After registration, go to the BingX Rewards Hub to start claiming your welcome bonuses. The rewards are structured around simple tasks:

• Sign-up bonus: Receive a mystery box worth up to 30 USDT just for creating your account.
• KYC verification: Complete advanced verification to earn a mystery box worth up to 500 USDT.
• First deposit: Make your first crypto deposit or purchase to receive a mystery box worth up to 500 USDT.
• First trade: Execute your first spot or futures trade to earn a mystery box worth up to 500 USDT.
• Trading volume milestones: Reach cumulative futures trading volume targets to unlock additional USDT bonus vouchers worth up to $5,100+.

As with most exchange welcome bonuses, the higher amounts within each mystery box are rare. Most users will receive smaller rewards. The bonus vouchers can typically be used as margin for futures trading, and any profits generated from bonus-funded trades can be withdrawn.

BingX trading fees with the 10% discount

The 10% fee discount from referral code 10OFF applies to both spot and futures trading. Here's what the fees look like with and without the code:

Trading type	Standard fee	With 10OFF code
Spot maker	0.1%	0.09%
Spot taker	0.1%	0.09%
Perpetual futures maker	0.02%	0.018%
Perpetual futures taker	0.05%	0.045%
Standard futures	0.045%	0.0405%

BingX's base futures fees (0.02% maker / 0.05% taker) are already competitive compared to most exchanges. With the 10% referral discount applied, the effective taker fee of 0.045% is among the lowest available in the market. For comparison, Binance charges 0.02% maker / 0.05% taker on futures without any discount.

Fees can be reduced even further through BingX's VIP program, which offers lower rates based on your 30-day trading volume. The referral discount stacks with VIP tier benefits, making BingX particularly cost-effective for high-volume traders.

What is BingX?

BingX was founded in 2018 by Josh Lu and initially focused on social trading, allowing users to follow and copy the trades of successful traders. Since then, the platform has expanded into a full-service crypto exchange offering spot trading, perpetual and standard futures, trading bots, earn products, P2P trading, and a crypto lending service. BingX is registered in the British Virgin Islands and has offices across multiple regions including Singapore and Europe.

The platform supports over 700 cryptocurrencies for spot trading and more than 500 futures trading pairs, with leverage up to 150x on major pairs like BTC and ETH. BingX also stands out by offering Standard Futures on traditional financial instruments, including stock indices, forex pairs, and commodities like gold and oil, all tradable with crypto as collateral. The platform is also the official sleeve partner of Chelsea FC.

Pros of using BingX

• Industry-leading copy trading: BingX's copy trading feature is one of the best in the market, with over 17,000 experienced "elite traders" and 80,000+ active copiers. You can see each trader's ROI, win rate, drawdown, and assets under management before deciding to copy them. BingX even offers a Copy Trading Subsidy Voucher for new users, if your first copied trade results in a loss, BingX may refund you up to a certain limit.
• Low futures fees: With base rates of 0.02% maker and 0.05% taker, and an additional 10% off with the referral code, BingX is one of the most cost-effective platforms for futures trading. These rates are competitive with or lower than most major exchanges.
• Wide asset selection: Over 700 spot cryptocurrencies and 500+ futures pairs. BingX also lists smaller and newer altcoins earlier than many other exchanges, including pre-market trading on tokens before they are officially listed.
• Traditional asset trading: Through Standard Futures, you can trade stock indices, forex, and commodities with leverage, all using USDT as collateral. This makes BingX a versatile platform for traders interested in more than just crypto.
• Demo trading: BingX offers a demo mode where you can practice spot and futures trading with virtual funds. This is ideal for beginners who want to learn the platform without risking real money.
• Proof of Reserves: BingX maintains 100% Proof of Reserves, which is publicly verifiable. This means the platform holds at least 1:1 backing for all user deposits.

Cons of BingX

• Security breach in 2024: In September 2024, BingX was hacked for approximately $52 million from its hot wallets. The exchange covered all user losses from its own capital and subsequently launched "ShieldX," an enhanced security program. While the response was handled well, the incident itself is a reminder that centralized exchanges are never completely risk-free.
• No MiCA license: BingX does not currently hold a MiCA license. While the platform has a registration in Estonia, it has not yet obtained full MiCA authorization as a Crypto-Asset Service Provider. With the MiCA transitional period ending on July 1, 2026, the regulatory status of BingX in Europe remains uncertain. For European users who prioritize regulation, exchanges like Bitvavo (MiCA licensed) may be a safer option for spot trading.
• Not available in all regions: BingX is not officially available in the United States, United Kingdom, and several other restricted jurisdictions. Always verify availability in your country before signing up.
• High withdrawal fees on certain networks: While crypto deposits are free, withdrawal fees can be relatively high depending on the network you choose. For example, USDT withdrawals via ERC-20 are notably more expensive than via TRC-20 or other chains.
• No native token fee discount: Unlike exchanges like Binance (BNB) or Phemex (PT), BingX does not offer additional fee discounts for holding a native token. The referral code discount and VIP tiers are the main ways to reduce fees.

How does the BingX referral program work?

BingX allows existing users to invite new traders and earn commissions from their trading fees. When someone signs up using your referral code or link and starts trading, you receive a percentage of their trading fees as commission.

The standard referral commission is 10% of the referred user's trading fees. However, BingX also offers an affiliate program for users with larger audiences, where commissions can reach up to 50% of trading fees generated by referrals. This makes it one of the more generous referral programs in the crypto exchange space.

To find your own referral code and link, log into your BingX account and navigate to the "Referral" section under your profile. You can share your code via social media, messaging apps, or any other channel. The more active traders you refer, the higher your commission earnings.

Conclusion

BingX is a solid choice for traders who value copy trading, low futures fees, and a wide selection of assets. The platform's social trading features are among the best in the industry, and the ability to trade traditional financial instruments alongside crypto adds flexibility that most exchanges don't offer.

Using referral code 10OFF gives you a permanent 10% discount on all trading fees and access to up to $7,600+ USDT in welcome rewards. The fee discount is particularly valuable for active traders, as it compounds over time and stacks with VIP tier reductions.

Keep in mind the downsides: the 2024 security breach, the lack of a MiCA license, and regional restrictions. If you're a European trader looking for a fully regulated platform, consider Bitvavo for spot trading. But if you're looking for a feature-rich derivatives and copy trading platform with competitive fees, BingX is well worth exploring.