BingX Referral Code

BingX is one of the original social and copy trading-focused crypto exchanges, founded in Singapore in 2018 by CEO Josh Lu. The platform built its early reputation around copy trading and social trading features, allowing users to mirror experienced traders' strategies automatically. By 2026 BingX serves over 40 million users across more than 150 countries and ranks among the top 20 crypto exchanges globally by spot trading volume. The exchange is well known for high-visibility sports sponsorships with Chelsea FC (English Premier League) and Ferrari (Formula 1), and operates a $150+ million Shield Fund as part of its user protection commitments.

The referral code 0PJYQGQY is the verified active promotion for May 2026. It activates a 20% lifetime discount on all trading fees, applied automatically to every spot, futures, and copy trading transaction for as long as the account remains linked to the referral. No minimum deposit, no volume threshold, no claim form. The discount works alongside BingX's already competitive base rates: spot is 0.10% maker and taker, dropping to 0.08% with the discount; futures is 0.02% maker and 0.05% taker, dropping to roughly 0.016%/0.04% with the discount.

What distinguishes BingX from similar fee-discount exchanges is its copy trading depth. The platform's social trading marketplace ranks strategy providers by performance, drawdown, follower count, and asset class, letting newcomers mirror experienced traders without needing to develop their own technical analysis skills. Combined with the 20% lifetime fee discount, this makes BingX particularly attractive for users who want to learn through observation rather than independent trading. For traders who prefer pure independent execution, KuCoin (same 20% lifetime discount, broader altcoin selection) or MEXC (same 20% discount, lowest fees in industry) may be better alternatives.

Signup takes about three minutes. The 20% fee discount activates immediately upon account creation; no waiting period or claim step.

1. Open BingX through the referral link or visit bingx.com directly. Check that your region is supported; BingX is restricted in the US, UK, Canada, the Netherlands, and several other jurisdictions.
2. Click Sign Up and register with email or phone. Set a strong password and confirm with the verification code BingX sends to you.
3. When prompted for a referral code, enter 0PJYQGQY. The field is labelled "Referral Code (Optional)" toward the bottom of the signup form. Tap to expand if collapsed.
4. Complete identity verification (KYC). BingX requires a government ID plus selfie for full feature access; basic accounts can deposit and trade limited amounts without KYC.
5. The 20% discount activates immediately on your first trade. Minimum deposit is $1 to fund the account, but most users deposit at least $20 to $50 to begin trading meaningfully.
6. Optional: explore the Copy Trading marketplace to follow experienced traders. Filter by performance, drawdown, asset class, and timeframe to find strategies matching your risk profile.

If the referral code field is missing during signup, log out, clear cookies, and start again through the referral link. BingX cannot apply the code retroactively to existing accounts. EU residents in countries where BingX is restricted (such as the Netherlands) cannot legally register; the platform IP-blocks signup from those regions.

BingX's referral package is structured purely around long-term fee reduction. Understanding how the discount applies across the platform's three main trading types helps you maximise its value.

The 20% lifetime fee discount

BingX's standard spot fee is 0.10% for both makers and takers at the retail tier. With code 0PJYQGQY applied, your effective rate drops to 0.08% per spot trade, forever. The same 20% reduction applies to futures: 0.02% maker / 0.05% taker base rates drop to approximately 0.016% maker / 0.04% taker with the discount. For active futures traders this is among the most competitive structures in mid-tier crypto, comparable to Bitget's 10% discount stacked structure or MEXC's already-low base fees.

Copy trading fees (updated February 2026)

BingX updated its copy trading fee structure in February 2026: copy trading fees now align with the user's main account fee rate, meaning the 20% discount from 0PJYQGQY also reduces what you pay on copy trading transactions. This is meaningful because copy trading was historically more expensive than direct trading at most competitors. For users following multiple strategy providers, the cumulative savings on copy trading fees can be significant.

BingX VIP tiers and BX token

Standard 30-day volume tiers (VIP 1 through VIP 9) deliver additional fee reductions for high-volume traders. The referral discount continues to stack on top of VIP tiers, putting active BingX users among the most cost-effective at retail level. BingX also runs the BX native token system, though the utility for fee reduction is more limited compared to KCS on KuCoin or BGB on Bitget.

What's NOT included

• Withdrawal fees (calculated per network, sometimes higher than competitors for ERC20)
• Network gas fees on deposits or withdrawals
• P2P trading (peer to peer, no platform fees but spread-based pricing)
• Funding rates on futures perpetual positions (separate cost structure)

Terms attached to the code, as confirmed during the most recent test in early May 2026:

• New users only. One discount per individual, household, payment method, IP address, and device. Existing BingX accounts cannot apply the code retroactively.
• KYC required for full access. Basic accounts can trade limited amounts without verification; full features and fiat deposits require KYC completion.
• No minimum deposit. The discount activates the moment you enter the code at signup. Account funding minimum is $1, though practical trading typically requires at least $20.
• Lifetime structure. The 20% discount continues for as long as the account remains active and linked to the referral.
• Geographic restrictions. BingX is restricted in the United States, United Kingdom, Canada, mainland China, Hong Kong, Singapore (the platform's birth country, due to local regulatory requirements), Macau, the Netherlands, Myanmar, Iran, Afghanistan, North Korea, Syria, Cuba, and several other sanctioned or restricted jurisdictions.
• Regulatory positioning. BingX holds AUSTRAC compliance in Australia, an EU registration via BingX EU UAB in Lithuania, FINTRAC registration in Canada, and FinCEN MSB registration in the US (the platform is nevertheless not available to US residents). No MiCA licence as of May 2026.
• No fiat-to-crypto direct conversion. BingX does not offer direct fiat-to-crypto trading pairs; all fiat onboarding goes through stablecoins like USDT or third-party processors.

The code has been verified by entering it through the live BingX signup flow at the start of every month. It remains active for May 2026.

BingX runs an active promotional calendar leveraging its copy trading network and Chelsea FC / Ferrari partnerships. Active or recurring in May 2026:

• Copy trading flagship. Mirror professional trader strategies across spot and futures. Strategy providers ranked by performance, drawdown, and follower count.
• Futures Kickoff. Simplified futures trading interface for beginners: just amount, direction, and order placement.
• BingX Wealth. Flexible and fixed-term staking products on USDT, BTC, ETH, XRP, and other mainstream cryptos. Zero subscription and redemption fees.
• Spot Grid and Infinity Grid bots. Automated trading bots optimised for volatile and trending markets.
• Launchpool and XPool. Stake tokens to earn allocations of new listings. XPool requires paired-token staking (e.g., USDT + LAIR for LAIR Points).
• Demo trading. Practice mode with simulated funds on real-time market data, useful for testing strategies before going live.
• Prize pools. Rotating campaigns rewarding new accounts, weekly trading milestones, and copy trading achievements.
• P2P marketplace. 60+ fiat currencies with zero platform fees.
• Ferrari and Chelsea FC campaigns. Sponsorship-tied promotions during Formula 1 race weekends and major Premier League matches.
• Affiliate programme. Up to 50% lifetime commission for accepted affiliates with verified social audiences.

Promotions rotate weekly. Check the Rewards Centre once logged in for current offers in your country.

BingX supports a moderate range of payment options. The platform does not offer direct fiat-to-crypto trading pairs; all fiat onboarding goes through stablecoins or third-party processors.

BingX's P2P marketplace is the main fiat onboarding channel for most users: zero platform fees, hundreds of supported payment methods per fiat currency, and price discovery via competitive seller offers. For European users who want direct euro bank rails without third-party processors, Bitvavo (free iDEAL, SEPA, Bancontact) or OKX (SEPA Instant under MiCA) provide much cleaner fiat onboarding. Withdrawal fees on BingX are sometimes higher than competitors (especially USDT-ERC20 at around 20 USDT); the TRC20 network is significantly cheaper for USDT transfers.

BingX's regulatory and security positioning has evolved significantly in 2025 and 2026. The current state in May 2026:

Regulatory authorisations

BingX holds the following registrations and compliance frameworks:

• European Union: BingX EU UAB registration in Lithuania under FCIS (Lithuanian financial regulator). No MiCA licence yet as of May 2026.
• Australia: AUSTRAC Digital Currency Exchange Provider registration (BINGX GLOBAL PTY LTD, ABN 31 646 052 244). Also registered with the Australian Securities and Investments Commission (ASIC).
• Canada: FINTRAC registration as a Money Services Business.
• United States: FinCEN Money Services Business registration (though the platform itself is geo-blocked for US residents due to broader regulatory considerations).

September 2024 hot wallet hack

In September 2024, BingX suffered a hot wallet breach resulting in approximately $43 million in stolen funds. The exchange responded transparently and quickly: deposits and withdrawals were paused, the company confirmed that the majority of user funds remained safe in cold storage, all user losses were covered from the platform's own resources, and full operations resumed within a short timeframe. No customer funds were ultimately lost. The incident triggered upgrades to BingX's custody infrastructure, ShieldX hot wallet monitoring technology, and security audit cadence.

Current custody and Proof of Reserves

BingX implements one of the more transparent custody postures among mid-tier exchanges:

• 100% Proof of Reserves published with varying frequency, often twice monthly, verified by Mazars (independent accounting firm) and CertiK (crypto security audit firm).
• 90% of user assets in cold storage, with the remaining hot wallet exposure monitored by ShieldX technology.
• $150+ million Shield Fund as a backstop against extreme market events or potential losses.
• Bug bounty programme for independent security researchers.
• Standard account-level security: 2FA, anti-phishing codes, withdrawal address whitelists, and login device authorisation.

Restricted jurisdictions

BingX is restricted in the United States, United Kingdom, Canada, mainland China, Hong Kong, Singapore, Macau, the Netherlands, Myanmar, Iran, Afghanistan, North Korea, Syria, Cuba, and several other sanctioned or restricted jurisdictions. The platform supports account creation in over 150 countries with an interface available in 10+ languages, but specific products vary significantly by region.

What this means in practice

BingX's safety profile is reasonable for a mid-tier exchange operating outside MiCA: transparent Proof of Reserves audited by Mazars and CertiK, a substantial Shield Fund backstop, and a transparent track record on the 2024 incident. The lack of MiCA authorisation places BingX in a different regulatory tier from Bitvavo, OKX, Bybit EU, KuCoin EU, and Bitget. For EU users prioritising regulatory protection, those licensed alternatives are stronger choices despite slightly higher fees.

Once you have a verified BingX account, the referral programme is accessible from the user menu. Standard referrers earn a share of trading fees from invited users, paid in real time to the referrer's spot wallet. Commission applies to both spot and futures trading.

Accepted affiliates with verified social audiences (copy trading strategy providers with proven track records, content creators, financial educators) can apply to BingX's Partner Programme for negotiated higher commission tiers up to 50%, plus custom branded landing pages, personalised promotional codes, and dedicated account support. BingX places particular emphasis on affiliates who bring copy trading volume to the platform, given the copy trading flagship positioning.

What is BingX?

BingX is a centralised cryptocurrency exchange founded in Singapore in 2018 by CEO Josh Lu. The platform was among the first major exchanges to position social and copy trading as flagship features rather than secondary products. By 2026 BingX serves over 40 million users across more than 150 countries and ranks among the top 20 crypto exchanges globally by spot trading volume. The exchange has built strong brand visibility through sponsorship partnerships with Chelsea FC in the English Premier League and the Ferrari Formula 1 team, two of the most internationally recognised sports brands.

BingX's regulatory footprint is mid-tier: registrations in Lithuania (BingX EU UAB), Australia (AUSTRAC), Canada (FINTRAC), and the United States (FinCEN MSB, though the platform is not available to US residents). The platform does not yet hold a MiCA licence, placing it outside the unified European regulatory framework that competitors like Bitvavo and OKX operate under.

Main services on BingX

BingX runs a broad product range with copy trading as the flagship feature:

• Spot trading. 1,000+ cryptocurrencies with low base fees (0.10%/0.10%).
• Perpetual futures. Up to 150x leverage on selected pairs, with 0.02% maker and 0.05% taker base rates.
• Copy trading (flagship). Mirror professional trader strategies across spot and futures. Marketplace ranks providers by performance, drawdown, and asset class.
• BingX Wealth. Flexible and fixed-term staking on mainstream cryptos with zero subscription/redemption fees.
• Spot Grid and Infinity Grid bots. Automated trading bots for various market conditions.
• Futures Kickoff. Simplified futures interface for beginners.
• Launchpool and XPool. New token allocation through staking.
• P2P marketplace. 60+ fiat currencies, zero platform fees.
• Demo trading. Practice mode with simulated funds on real-time data.
• BingX Wallet. Web3 wallet for self-custody and DeFi access.

Why choose BingX?

Three reasons stand out. First, copy trading depth: BingX was one of the original platforms to build copy trading as a flagship feature, and the strategy provider marketplace remains among the most active in the industry. For users who want to learn through observation rather than trade independently, BingX is purpose-built. Second, fee economics: with the 20% lifetime referral discount, BingX delivers spot fees of 0.08% and futures fees around 0.016%/0.04%, competitive with KuCoin at the same discount tier. Third, transparent custody: 100% Proof of Reserves verified by both Mazars and CertiK, 90% cold storage, and a $150+ million Shield Fund provide reasonable user protection despite the absence of MiCA.

The honest tradeoffs are also clear: the September 2024 hot wallet hack ($43M, fully covered by BingX) is recent history; the lack of MiCA places BingX outside the EU regulated framework; restricted regions (including the entire UK, Canada, and US, plus several EU countries) limit availability; and withdrawal fees on ERC20 USDT are higher than most competitors. For pure independent trading without copy trading needs, Bybit or MEXC may offer better overall economics.

For anyone opening a BingX account in May 2026, code 0PJYQGQY is the right choice. The 20% lifetime discount on all trading fees (spot, futures, and copy trading) delivers compounding value for active traders: an effective rate of 0.08% per spot trade and roughly 0.016%/0.04% on futures puts BingX among the most cost-effective venues at retail tier. With no minimum deposit, no volume threshold, and no claim form, the discount activates immediately and never expires.

The bigger reason to consider BingX is its position in the copy trading market. As one of the original copy trading-focused exchanges, BingX maintains one of the most active strategy provider marketplaces in crypto. For users who want to learn through observation, follow professional traders, or run multiple copy trading strategies simultaneously, BingX is purpose-built. Combined with transparent custody (100% Proof of Reserves audited by Mazars and CertiK, $150+ million Shield Fund, 90% cold storage), the platform offers reasonable safety despite the absence of MiCA authorisation.

The realistic recommendation: use BingX as a specialised copy trading and futures venue, particularly if its 1,000+ asset coverage and 150x leverage match your needs. Copy the code, apply it at signup, complete KYC, and the 20% discount activates on your first trade. For EU users prioritising regulatory protection, pair BingX with a MiCA-licensed account at Bitvavo or OKX. For users in restricted regions (US, UK, Canada, Netherlands), BingX is unavailable; consider Binance or Bybit as alternatives where supported.