Before we dive into the detailed analysis, here's a comparison of Binance and BingX that shows the most important information about both platforms at a glance.
Overview of Binance
Binance was founded in 2017 and, in less than a decade, became the world’s largest exchange in terms of trading volume and user base, with more than 320 million registered accounts in over 180 countries and a selection of more than 600 cryptocurrencies. Its ecosystem ranges from spot trading to derivatives, with liquidity that remains among the highest in the industry.
Pros
Spot fees of 0.10 % and an additional discount with BNB
Greater global liquidity and a very broad range of markets
Ecosystem featuring Earn, bots, Launchpool, P2P, and a Web3 wallet
SAFU Reserve Fund and Emergency Fund Test
Cons
No MiCA license and no normal operations as of August 2026
Complex corporate structure and regulatory history
A complex platform that is difficult for beginners to master
Trustpilot removed its rating for violating its guidelines
Beyond the ad, Binance builds its offering on a broad ecosystem that includes futures, margin trading, staking, Launchpool, Earn, and a Web3 wallet. Its regulatory status varies by region: it maintains specific registrations in markets such as the United States, through Binance.US, or Japan, while in the European Union, it failed to obtain MiCA authorization after withdrawing its application in Greece in June 2026, and suspended new user registrations and a significant portion of its regulated services as of July 1, 2026.
That advantage in liquidity and product offerings becomes more significant the higher the trading volume a user generates in jurisdictions where they can trade normally, whereas a user residing in the EU will not be able to open a new account or trade normally on Binance as of August 2026. Compared to an exchange without clear legal access in Europe, Binance’s global scale remains its greatest strength outside that region.
Who is Binance for? For users in jurisdictions where the platform operates normally and who are looking for maximum liquidity, more than 600 cryptocurrencies, and a platform offering virtually every trading tool available.
Overview of BingX
BingX is an exchange founded in 2018 that specializes in social trading, copy trading, and derivatives. By 2026, it aims to become a global exchange and Web3-AI company with a community of more than 40 million users. Its platform combines spot trading, perpetual futures, Wealth, bots, P2P, fiat purchases, APIs, and AI-powered tools.
Pros
Spot and futures copy trading with a wide selection of traders
More than 1,000 assets and competitive rates on futures
Spot, derivatives, bots, VST demos, Wealth, and AI tools
Proof of Reserves, a $150 million Shield Fund, and advanced security
Cons
It does not have a confirmed MiCA license as of August 2026
Does not accept customers from the U.S., the U.K., Canada, and other major markets
High Risk Due to Leverage and Automatic Copy Trading
It suffered a hot wallet attack in September 2024
BingX operates through a structure of regional entities, with BINGX GLOBAL PTY LTD registered as a Digital Currency Exchange with AUSTRAC in Australia, and BINGX EU UAB holding a pre-MiCA VASP registration with the Financial Crime Investigation Service of Lithuania. As of August 2026, BingX is not listed in ESMA’s central register as an authorized CASP provider; therefore, it cannot present itself as a MiCA-licensed exchange or as a platform authorized to passport services within the EU and the EEA.
This focus on copy trading, AI, and a portfolio of more than 1,000 assets carries more weight for an active trader in markets where BingX operates without restrictions—such as Asia, Latin America, or parts of Africa—than for a European resident, who faces the same regulatory vacuum under MiCA as Binance. Compared to exchanges with a cleaner track record, the 2024 hot wallet incident at BingX is an additional factor worth considering.
Who is BingX for? Primarily for traders looking for derivatives, copy trading, and exposure to numerous altcoins, provided they reside in a market where the platform operates without restrictions.
Fees and Deposits: Binance vs. BingX
In a direct comparison of spot trading fees, Binance and BingX are virtually tied: both charge 0.10 % for both makers and takers on most trading pairs. The difference lies in the additional discounts: Binance can lower its fee to as low as 0.075 % when paying with BNB, while BingX reduces its fee based on VIP tier—determined by trading volume or account balance—without an equivalent native token for automatic discounts.
| Platform | Maker | Taker |
|---|---|---|
Bitget
|
0,10% | 0,10% |
Bybit
|
0,10% | 0,10% |
|
Binance
|
0,10% | 0,10% |
|
BingX
|
0,10% | 0,10% |
Kraken
|
0,25% | 0,40% |
Coinbase
|
0,40% | 0,60% |
Did you know? At a spot rate of 0.10 %, buying 1,000 € worth of Bitcoin costs 1 € on both Binance and BingX. For futures, Binance offers up to an additional 10 % discount when paying with BNB, while BingX charges 0.02 % for makers and 0.05 % for takers at its non-VIP level, without that discount for its own token.
In addition to the trading fee, both exchanges charge a variable fee based on the asset and network for crypto withdrawals, with no deposit fees. BingX shares a portion of the profits from copy trading with the copied trader, typically at a rate of 10 % for spot trading—a product that Binance does not offer with the same percentage-based revenue-sharing structure.
| Concept | Binance | BingX |
|---|---|---|
| Spot Commission | 0,10 % / 0,10 % | Typically 0.10 % per transaction |
| Volume Discount | Up to 25 % when paying with BNB | VIP Level Based on Volume or Balance |
| Futures Commission | Up to 10 % discount with BNB | 0.02 % maker / 0.05 % taker |
| Copy trading | Not available with this structure | Market rate plus profit sharing (10 1Q3Q on the spot market) |
| Crypto Deposit | 0 €; the network is paid for | 0 €; the network is paid for |
| Deposits and Withdrawals in Euros | Restricted in the EU as of August 2026 | Commission and supplier markup (Quick Buy), with no clear access in the EU |
| Crypto Withdrawal | Varies by asset and network | Varies by asset and network |
| Custody / Inactivity | 0 € | 0 € |
Who regulates Binance and BingX?
Binance combines cold storage, multi-factor authentication, and Proof of Reserves using Merkle trees, backed by the SAFU fund. BingX, for its part, combines cold and hot storage, Proof of Reserves using a Merkle tree, and a self-funded $150 million Shield Fund launched in June 2025.
In terms of regulation, neither exchange holds a MiCA license as of August 2026. Binance remains registered as a virtual asset service provider in various markets, but withdrew its MiCA application in Greece in June 2026 and has not been operating normally in the European Union since July. BingX, for its part, does not appear in ESMA’s central register as an authorized CASP, and its prior VASP registration in Lithuania—obtained before MiCA took effect—does not constitute authorization under the new European framework.
| Concept | Binance | BingX |
|---|---|---|
| Regulated by | Local VASP Registrations; Binance.US (U.S.), Japan, UAE | AUSTRAC (Australia); VASP registration prior to MiCA in Lithuania |
| MiCA Coverage (EU/EEA) | Not available starting in August 2026 | Unconfirmed; not listed in ESMA's CASP registry |
| Reservation Test | Since 2021 (Merkle + zk-SNARK) | Yes, using a Merkle tree, with ratios published by asset |
| In-house guarantee fund | Yes, SAFU fund | Yes, a $150 million Shield Fund |
| History of Breaches | Vulnerability discovered in 2019 | Attack on hot wallets in September 2024 (estimated at 44–52 million USD) |
| Account Tools | 2FA, passkeys, anti-phishing, allowlist | 2FA, passkeys, anti-phishing, fund password, allowlist |
| Institutional custody | Not specified | Not specified |
Where are Binance and BingX available?
Binance in Europe: As of July 1, 2026, Binance suspended new sign-ups and a significant portion of its regulated services for European Union residents because it does not hold a MiCA license. European users who already had accounts retain limited access to withdraw or transfer funds, but should not assume they can deposit euros or trade as usual. Outside the EU, Binance reports a presence in more than 180 countries, with operations in the United States conducted through its independent platform, Binance.US.
BingX in Europe: BingX also does not have MiCA authorization as of August 2026 and is not listed in ESMA’s CASP registry; therefore, EU/EEA residents do not have a confirmed regulated channel for trading on the platform. It claims to serve over 160 countries, with a particularly strong presence in Asia, Latin America, Eastern Europe outside the EEA, Australia, and parts of Africa, while explicitly restricting access from the United States, all its territories, Canada, and the United Kingdom, as well as mainland China, Hong Kong, Macau, and Singapore.
What do Binance and BingX offer on their platforms?
Binance combines spot trading, futures, margin trading, staking, Earn, Launchpool, P2P, and its own Web3 wallet—all within the same app, which offers two modes: Lite for simple transactions and Pro for advanced trading. Its catalog includes over 600 cryptocurrencies, with TradingView charts, bots, and integrated APIs, although many of these features will be suspended or limited for users in the European Union starting in July 2026.
BingX, for its part, offers spot trading, perpetual and standard futures, copy trading, Wealth, Grid and DCA bots, P2P, Quick Buy, and BingX AI tools, with more than 1,000 assets available in the markets where it operates. It also includes a VST demo mode for practicing futures trading with virtual funds before trading with real money.
Final Verdict: Binance or BingX?
Binance and BingX share a key characteristic as of August 2026: neither can operate as an authorized exchange under MiCA, so both face the same clear legal access issue in the European Union. Aside from that issue, their offerings are quite different: Binance stands out for its scale, liquidity, and asset selection, while BingX focuses on copy trading, AI, and an even broader range of assets.
For users in jurisdictions where Binance operates normally and who prioritize trading volume, trading options, and fees that can be adjusted using BNB, Binance remains hard to beat in terms of scale. For those looking to copy other traders’ strategies, practice with virtual funds before trading with real money, and access an even broader selection of trading products, BingX is more specialized, although it’s worth keeping in mind its 2024 security incident and the lack of a MiCA license in both cases.
Choose Binance if…
- ✓ You are operating from a jurisdiction where Binance is still available
- ✓ Are you looking for maximum liquidity and an additional discount with BNB?
- ✓ You want a comprehensive ecosystem: staking, Earn, P2P, and a Web3 wallet
- ✓ You already have experience and feel comfortable using a complex platform
Choose BingX if…
- ✓ You live in a market where BingX operates without restrictions
- ✓ Do you want to copy other traders' strategies using verifiable data?
- ✓ Are you looking for the most extensive catalog, with more than 1,000 assets?
- ✓ Would you like to practice first with VST, a virtual futures account?
This verdict summarizes the findings regarding fees, regulation, security, and availability. Neither exchange is superior in every respect: the right choice depends on the user’s profile and, above all, on the user’s jurisdiction.
Are Binance or BingX not right for you? Explore other alternatives
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This comparison of Binance and BingX is based on a hands-on analysis of both platforms. We have evaluated their fees, security, variety of cryptocurrencies, available features, and ease of use to provide an objective comparison. The assessment reflects the actual differences between the two exchanges, beyond just first impressions.
(FAQ) Frequently Asked Questions: Binance vs. BingX Comparison
