BingX Restricted Countries

BingX Restricted Countries

BingX operates globally but limits or prohibits access in certain regions to comply with regulatory standards. The platform's restricted country list, part of its user agreement, includes areas where access is limited or denied due to legal and compliance factors.

Currently, restricted areas include the United States (including all U.S. territories), Mainland China, Hong Kong SAR, Macau SAR, Singapore, Canada, the Netherlands, the United Kingdom, and other regions outlined in BingX’s Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies.

BingX may update this list without notice, so users should check periodically for any changes.

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BingX Supported Countries

BingX, trusted by 10 million users across more than 150 countries, offers access to over 800 cryptocurrencies. Though some regions are restricted due to regulatory requirements, BingX remains globally accessible.

Similarweb data highlights BingX’s top markets as Ukraine, Russia, Germany, India, Brazil, Argentina, and Turkey. Users in these countries benefit from BingX's versatile trading options, including spot trading, futures, and advanced copy trading features.

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BingX Licenses and Regulation

BingX Group positions itself as a global platform with branch offices in the EU, Australia, Hong Kong, and Taiwan, claiming compliance with regulatory standards across its regions. Here’s what our research confirms:

• Australia: BINGX GLOBAL PTY LTD is a registered Digital Currency Exchange (DCE) under AUSTRAC (Reg. No.: 644804571, License No.: 100725677-001).
• Lithuania: BINGX EU UAB operates as a licensed digital currency exchange with Lithuania’s Financial Crime Investigation Service (FSIC) (Reg. No.: 305995741, License No.: 4400-1839-5132).

In North America, BingX claims to be registered with FinCEN as a a Money Services Business (MSB) for FX activities. However, an independent search we conducted using FinCEN’s MSB registrant search could not find BingX as a listed entity. Based on our analysis, it appears BingX operates in most regions without full regulatory approval.

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BingX KYC Requirements

Yes, BingX requires Know Your Customer (KYC) verification to maintain a secure and compliant trading environment. BingX’s KYC system has three levels: Unverified, Basic, and Advanced, each offering different access and benefits:

• Unverified: No trading access, with a daily withdrawal cap of 20,000 USDT.
• Basic KYC: Allows trading up to a deposit cap of 2,000 USDT, with a 24-hour withdrawal limit of 20,000 USDT.
• Advanced KYC: Unlimited deposits, full trading access, a 24-hour withdrawal cap of 5,000,000 USDT, and access to P2P trading and Launchpad features.

Starting June 13, 2024, BingX updated KYC benefits regionally, introducing enhanced limits and features at higher KYC levels for added flexibility. 

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About BingX

Founded in 2018, BingX is a global crypto exchange with over 10 million users. It offers spot trading, derivatives, copy trading, and asset management. With daily volumes reaching $355 million in spot and $5 billion in futures, BingX maintains 100% margin reserves verified by top auditors.

In 2024, BingX became the official crypto exchange partner of Chelsea FC, further expanding its brand presence.

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Bottom Line

While BingX serves over 150 countries, it restricts access in regions like the USA, China, and the U.K. to meet regulatory standards. 

Licensed in Lithuania and Australia, the platform demonstrates a commitment to compliance, yet regulatory ambiguity remains in areas like North America, where licensing claims lack independent verification.

Users in restricted regions should stay updated on compliance changes as BingX may revise its access policies to align with changing regulations.