How to trade on BingX exchange? Graphic transaction process

BingX's user-friendly platform and robust features provide a seamless trading experience for both novice and experienced traders, regardless of the trading pair they choose.

Nov 25, 2024 at 10:17 pm

How to Trade on BingX Exchange: A Comprehensive Guide with Visual Transaction Process

Introduction

BingX is a renowned cryptocurrency exchange offering a user-friendly platform for traders of all levels. Its intuitive interface and robust features cater to both novice and experienced traders, providing a seamless trading experience. This comprehensive guide will walk you through the step-by-step process of trading on BingX exchange, aided by visual representations for clarity.

Step 1: Creating an Account

• Visit the BingX website and click on "Sign Up" in the top right corner.
• Enter your email address, create a password, and agree to the terms of service.
• Verify your email address by clicking on the link sent to your inbox.

Step 2: Deposit Funds

• Log in to your BingX account and navigate to the "Deposit" page.
• Choose your preferred cryptocurrency and deposit method.
• Follow the on-screen instructions to complete the deposit process.

Step 3: Find Your Trading Pair

• Open the "Trade" page and select the trading pair you want to trade. For example, BTC/USDT.
• The trading pair indicates the base asset (BTC) and the quote asset (USDT).

Step 4: Select Order Type

• Market Order: Execute an order at the current market price.
• Limit Order: Set a specific price at which you want your order to be filled.
• Stop-Limit Order: Place an order that becomes active only when a specific price level is reached.

Step 5: Enter Trade Details

• Enter the amount of the base asset you want to buy or sell.
• The "Total" field will display the estimated total value of the trade.
• Review the details and confirm the order.

Step 6: Trading Interface Overview

• Price Chart: Displays real-time price movements of the trading pair.
• Order Book: Shows the orders placed by other users, creating a visual representation of liquidity.
• Trading History: Displays a list of recently executed trades.
• Open Orders: Lists the orders you have placed that are not yet filled.

Step 7: Monitoring Your Trades

• Once an order is placed, you can track its status in the "Open Orders" tab.
• If your order is filled, it will appear in the "Trading History" tab.
• Monitor the market closely and make adjustments as needed.

Step 8: Withdrawing Funds

• Navigate to the "Withdraw" page in your BingX account.
• Choose the cryptocurrency you want to withdraw.
• Enter the withdrawal address and the amount you wish to withdraw.
• Complete any additional verification steps required and confirm the withdrawal.