Most traders access financial markets through platforms that facilitate transactions, whether for spot trading, futures, or other instruments. A significant portion of trading involves fees—these are not just revenue streams for exchanges like BingX but also ensure continuous platform improvements and security.
As one of the most established social cryptocurrency exchanges, BingX emphasizes transparency in crypto trading. This guide breaks down BingX’s fee structure, helping you understand costs before executing trades.
Withdrawal Fees
Withdrawal fees vary based on the blockchain network and asset. Here’s a comparison:
| Asset | Network | Fee |
|----------------|----------|------------------|
| USDT | ERC-20 | ~20 USDT |
| USDT | TRC-20 | 1 USDT |
| BTC | Bitcoin | 0.0005 BTC |
| ETH | Ethereum | 0.007 ETH |
💡 Note: Fees adjust dynamically based on network congestion (gas fees). Minimum withdrawal amounts also vary to account for these changes.
Spot Trading Fees
BingX’s spot trading employs a maker-taker model:
- Maker: Adds liquidity (limit orders).
- Taker: Removes liquidity (market orders).
Fee Tiers
- 0.05%: Major pairs like BTC/USDT, ETH/USDT.
- 0.1–0.15%: Less liquid pairs (e.g., SYN/USDT).
- 0.169%: Fan tokens (e.g., PSG/USDT).
- 0.3%: Low-volume pairs (e.g., GARI/USDT).
Futures Contracts: Spreads & Fees
Dynamic Spreads
Spreads fluctuate based on market liquidity and open interest:
- Buy Price = Current Price × (1 + Spread %)
- Sell Price = Current Price × (1 − Spread %)
Average Spreads:
- 0.04%: BTC/USDT, ETH/USDT.
- 0.1%: Other pairs (e.g., DOT/USDT).
Trading Fees
- Standard Contracts: 0.045% (taker) / 0.02% (maker).
- Copy Trading: 0.045% (crypto pairs) / 0.03% (non-crypto).
💡 VIP Tiers: High-volume traders (e.g., VIP 8) pay 0.023% (taker) or earn -0.02% (maker).
Funding Rates (Perpetual Contracts)
Perpetual contracts use funding fees to anchor prices to spot markets:
- Paid every 8 hours (00:00, 08:00, 16:00 UTC).
Rate: Typically ±0.02–0.04%.
- Positive rate: Longs pay shorts.
- Negative rate: Shorts pay longs.
FAQ
1. How can I reduce my trading fees on BingX?
- Increase trading volume to qualify for lower VIP-tier fees.
- Use limit orders (maker) for discounted rates.
2. Why do withdrawal fees vary?
- Fees depend on blockchain network congestion (e.g., ERC-20 vs. TRC-20).
3. Are there hidden fees?
- BingX discloses all fees upfront. No hidden charges apply.
4. How is the funding rate calculated?
- Based on the difference between perpetual contract and spot prices.
5. Can I avoid spot trading fees?
- No, but fees are competitive (as low as 0.05%).
Conclusion
BingX maintains transparent fee structures across spot, futures, and withdrawals. By understanding these costs, traders can optimize strategies and minimize expenses.
👉 Start trading on BingX today with clear, competitive fees!
Note: Fees are subject to change. Always check BingX’s official pages for updates.