According to the official statement shared by the BingX team, it removes all trading fees on spot modules.

Cryptocurrency is regularly in the news for a variety of reasons — its turbulent history, its recent strife, the emergence of crypto in 401(k) plans and interactive brokerage houses and credit cards that offer cryptocurrency rewards. The era of fees and transaction charges at every step was thought to belong to banks of the past. The rise of cryptocurrency was hailed as a new age, free from centralised entities that extract fees at every turn. However, in sheer percentage terms, trading in cryptocurrency today is subject to more fees than banks levy upon fiat money transactions. And, this doesn't even include the 30% tax introduced by the Indian government during the budget this year. But BingX, the leading social trading crypto exchange, has become a life saver of many crypto traders. Why? Well, to support cryptocurrency traders amid prolonged bear market, pioneering "social exchange" BingX removes all trading fees.

According to the official statement shared by the BingX team, it removes all trading fees on spot modules, including maker fees, taker fees and fees for grid trading. Zero-fee trading took effect from Wednesday, Sep 7, 2022, at 2 pm (UTC +8), applicable across all spot trading volumes, and is subject to further notice.

In this high-volume, round-the-clock marketplace with free-range fees, knowing what to expect and having a strategy for entering and exiting cryptocurrency investments will provide the best chance of capital preservation.

Make profit with zero fees

It facilitates traders to align their positions with popular coins like BTC, ETH, MATIC, PSG, ADA, SHIB, LUNC, OP, STG, DOGE, CHZ, and IDO. This is BingX's way of saying thank you to its community for their unwavering support. Allowing users to trade without fees also gives them a chance to benefit from crypto trading. BingX's move towards zero transaction fees for spot trading and their demo crypto trading feature is clearly in tandem with their business motto "Trading Made Easy".

"All users will enjoy zero fees for all spot trading pairs. Waiving fees are for the good of all users as it helps make crypto more accessible and inclusive for everyone", says Elvisco Carrington, Communications & PR Director at BingX.

Features of BingX

One of the main reasons BingX gets all the limelight is the basket of additional vital features it promises to offer. Essentially, it provides perpetual contract trading and a selection of isolated and cross margin. The platform's derivative options cover digital assets and other financial instruments, including FOREX, global indices, and commodities. All these instruments are available to speculators and traders.

Launch of Charitable Arm

A week ago, BingX launched its own charitable arm, a fund of $10Million for humanitarian endeavors to be allocated to donations of charitable organizations, public welfare activities, and disaster relief in various regions of the world, etc.

The social trading exchange reminded that since 2019 it has already supported efforts in the reforestation in Turkey, blood donation and environmental protection in Asia, donation drives in Vietnam, as well as disaster relief efforts for Palawan, and Leyte.

About BingX

With the growing availability of digital trading exchanges, choosing the best cryptocurrency exchange can sometimes become an arduous task. So many exchanges are available on the market. Multiple factors allow beginners to be familiar with the charting interface, platform features, trading pairs, security, customer support, and fees that determine exchange quality.

BingX is one such trading exchange widely used in Asia that provides a safe, secure, and fast trading derivatives platform. Founded in 2018, BingX is a crypto copy trading exchange that offers spot, derivatives, and copy trading services to more than 100 countries worldwide with over 3 million users. BingX connects users with expert traders and the platform in a safe, simple, and transparent way. BingX also allows free demo trade for users who are new to investing in Crypto.

Having gained regulatory licenses in Canada, the USA, Lithuania, and Australia and recently being given the best rating by CertiK for asset and trading security, BingX is giving back to the community. BingX also consistently updates new coin prices on top of existing popular coins like Bitcoin prices & Ethereum prices.