How to buy and sell coins on BingX exchange? Detailed steps

Navigating BingX exchange becomes effortless with its user-friendly interface, allowing you to buy and sell cryptocurrencies seamlessly through a comprehensive five-step process.

Nov 26, 2024 at 12:33 pm

How to Buy and Sell Coins on BingX Exchange: A Comprehensive Guide

BingX, a global cryptocurrency exchange, offers a user-friendly platform for buying, selling, and trading various digital assets. Whether you're a seasoned trader or just starting out in the crypto world, this detailed guide will provide you with step-by-step instructions to navigate the BingX exchange seamlessly.

Step 1: Register for a BingX Account

1. Visit the BingX website (https://bingx.com) and click on "Register" in the top right corner.
2. Enter your email address, create a password, and input the referral code (if you have one).
3. Verify your email address by clicking on the link sent to your inbox.
4. Complete the KYC (Know Your Customer) process to enhance account security.

Step 2: Deposit Funds

1. Log in to your BingX account and navigate to the "Assets" section.
2. Select "Deposit" and choose your preferred deposit method (e.g., credit card, bank transfer, crypto).
3. Follow the on-screen instructions to complete the deposit process.
4. Once the deposit is confirmed, your account balance will be updated accordingly.

Step 3: Buy a Cryptocurrency

1. Go to the "Markets" section and search for the cryptocurrency you want to buy.
2. Click on the "Buy" button for that particular coin or token.
3. Select the order type (e.g., Limit Order, Market Order), input the amount or quantity you want to purchase, and click "Buy."
4. Once the order is executed, the purchased cryptocurrency will be credited to your spot wallet.

Step 4: Sell a Cryptocurrency

1. Navigate to the "Markets" section and find the cryptocurrency you want to sell.
2. Click on the "Sell" button for that coin or token.
3. Select the order type, enter the amount or quantity you want to sell, and click "Sell."
4. Upon order execution, the proceeds from the sale will be credited to your spot wallet as the equivalent balance in your selected fiat currency.

Step 5: Withdraw Funds

1. Go to the "Assets" section and select "Withdraw."
2. Choose the cryptocurrency or fiat currency you wish to withdraw.
3. Select the withdrawal method (e.g., bank transfer, crypto address), enter the withdrawal address and amount, and click "Withdraw."
4. Verify the withdrawal details and complete any additional security steps required.
5. The withdrawal process may take some time depending on the network confirmation and the selected withdrawal method.