BingX contracts have emerged as one of the most popular derivative products in the cryptocurrency market. These margin-based leveraged contracts enable investors to profit from both rising (long) and falling (short) markets.
Core Concepts:
- Long Position: Buy low, sell high when anticipating price increases.
Example: Purchase 1 BTC at $40K, sell at $50K → $10K profit. - Short Position: Sell high, buy back low without owning the asset.
Example: Short-sell 1 BTC at $70K, repurchase at $60K → $10K profit.
👉 Learn advanced shorting strategies with perpetual contracts
BingX Standard vs. Perpetual Contracts
BingX offers two contract types tailored for different trading needs:
| Feature | Perpetual Contracts | Standard Contracts |
|---|---|---|
| Target Users | Advanced traders | Beginners |
| Position Management | Merges multiple orders into one | Manages orders independently |
| Fees | Maker: 0.0015%-0.02% Taker: 0.035%-0.05% | 0.045% (charged on closing) |
| Leverage | 1-150X | 1-150X |
Key Differences:
- Perpetual contracts support limit/stop orders; standard contracts lack limit orders.
- Standard contracts exempt opening fees but charge spreads (~0.027%).
- Perpetual contracts use funding rate mechanisms, while standard contracts have simplified fee structures.
BingX Fee Calculation
For a VIP0 user trading BTC with 100X leverage:
- Market Order: $5,000 × 100 × 0.05% = **$250 fee**
- Limit Order: $5,000 × 100 × 0.02% = **$100 fee**
👉 Optimize fees with BingX VIP tiers
| VIP Level | 30-Day Volume (USDT) | Maker Fee | Taker Fee |
|---|---|---|---|
| VIP0 | - | 0.020% | 0.050% |
| VIP1 | ≥10M | 0.014% | 0.040% |
Leverage & Risk Management
Scenario: $500 margin, BTC at $60K
- 5X Leverage: 5% drop → $125 loss (survives)
- 20X Leverage: 5% drop → $500 loss (liquidated)
Pro Tip: Higher leverage amplifies both gains and risks. Always assess market volatility before selecting leverage.
Step-by-Step Trading Guide
- Fund Deposit: Transfer from spot to contract account.
Position Mode:
- Cross Margin: Shared collateral across positions.
- Isolated Margin: Separate collateral per position.
- Leverage Adjustment: Set 1-150X based on risk appetite.
Order Types:
- Limit/Market/Stop orders (perpetual contracts only).
- Risk Controls: Pre-set stop-loss/take-profit levels.
BingX Demo Trading
Practice risk-free with virtual USDT (VST):
- Simulates real-market conditions.
- Reset VST balance every 7 days for continuous learning.
BingX Legality & Security
Headquartered in Singapore, BingX holds licenses in:
- 🇪🇺 EU
- 🇺🇸 US (FinCEN MSB)
- 🇦🇺 Australia (AUSTRAC)
Security Note: Beware of phishing scams—BingX never requests sensitive data.
FAQs
Q: Which contract type is better for beginners?
A: Standard contracts offer simpler mechanics and lower risk exposure.
Q: How to reduce BingX fees?
A: Use referral codes for 20% discounts or achieve VIP status through trading volume.
Q: What’s the max leverage on BingX?
A: Up to 150X for major cryptocurrencies.
Q: Is demo trading identical to live trading?
A: Yes, except funds are virtual.
Final Thoughts
BingX contracts provide powerful tools for crypto speculation, but disciplined risk management is essential. Start with demo accounts, master position sizing, and gradually scale your strategies.