Trading fees are a fundamental part of any cryptocurrency exchange experience, whether you're engaging in spot trading, futures, or advanced contract-based strategies. For most traders, the platform they choose not only determines accessibility and functionality but also directly impacts profitability through fee structures. BingX, as one of the more established social crypto exchanges globally, emphasizes transparency across its services—especially when it comes to trading costs.
This guide dives deep into BingX’s fee structure, covering withdrawal fees, spot trading charges, standard and perpetual contract costs, funding rates, and more. By understanding these fees clearly, traders can make informed decisions and optimize their overall trading strategy.
Understanding Withdrawal Fees
Before diving into active trading, it's important to consider withdrawal fees—charges applied when moving assets off the platform. While not directly tied to trading activity, these fees impact your net returns and should be factored into your financial planning.
On BingX, withdrawal fees vary significantly depending on the cryptocurrency and blockchain network used:
- USDT via ERC-20: Approximately 20 USDT
- USDT via TRC-20: Only 1 USDT
- Bitcoin (BTC): 0.0005 BTC
- Ethereum (ETH): 0.007 ETH
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It’s crucial to note that these values are estimates. The actual fee is calculated in real-time based on current network gas fees. To ensure smooth withdrawals, BingX dynamically adjusts minimum withdrawal amounts according to prevailing network conditions. Therefore, always check the live rate on the platform before initiating a transfer.
High blockchain congestion typically leads to higher fees, especially on networks like Ethereum. For cost-sensitive users, opting for lower-cost networks like TRON (TRC-20) for USDT transfers can result in substantial savings over time.
Spot Trading Fees: Maker and Taker Models
Spot trading involves buying and selling cryptocurrencies at current market prices. BingX uses a standard maker-taker fee model:
- Makers place limit orders that add liquidity to the market.
- Takers execute market orders that remove liquidity by matching existing orders.
In most cases on BingX, both makers and takers are charged the same rate. However, exceptions exist, particularly for high-volume traders or specific trading pairs.
Fees are denominated in the quote currency of the trading pair. For example, in a BTC/USDT trade, fees are paid in BTC.
Tiered Fee Structure Based on Liquidity
BingX categorizes trading pairs based on liquidity and trading volume:
Low-Fee Pairs (0.05%)
Highly liquid pairs such as:
- BTC/USDT
- ETH/USDT
- XRP/USDT
- DOGE/USDT
- SHIB/USDT
These enjoy reduced fees due to strong market depth and consistent trading activity.
Mid-Tier Pairs (0.1% – 0.15%)
Slightly less liquid or emerging assets:
- NYM/USDT (0.125%)
- SYN/USDT, T/USDT, TOKE/USDT (0.15%)
While still accessible, these pairs carry slightly higher costs due to lower order book depth.
Fan Token Pairs (0.16% – 0.17%)
A unique category involving blockchain-powered fan tokens from global football clubs:
- JUV/USDT (Juventus)
- SANTOS/USDT (Santos FC)
- PSG/USDT (Paris Saint-Germain)
- PORTO/USDT (FC Porto)
Maker fees here are slightly lower (~0.16%), reflecting minor incentives for liquidity provision.
Higher-Fee Pairs (Up to 0.3%)
Less common or speculative tokens:
- GARI/USDT (up to 0.3%)
- SFUND/USDT, SHIT/USDT, PMON/USDT, HOP/USDT (0.2%)
These reflect higher risk and lower demand, resulting in elevated fees.
Standard Contract Trading: Spreads and Fees
For traders moving beyond spot markets, BingX offers standard contracts—leveraged instruments with dynamic pricing mechanisms.
Understanding Dynamic Spreads
The spread is the difference between the buy (ask) and sell (bid) price. On BingX, spreads are not fixed but fluctuate based on market conditions:
- If long positions > short positions → Long spread increases
- If short positions > long positions → Short spread increases
Pricing formulas:
- Buy Long Price = Current Price × (1 + Spread Rate)
- Buy Short Price = Current Price × (1 – Spread Rate)
Average daily spreads:
- BTC/USDT & ETH/USDT: ~0.04%
- Most other pairs (e.g., LTC/USDT, DOT/USDT): ~0.1%
Spreads widen during periods of low liquidity or high volatility. Traders should monitor real-time data before entering positions.
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Special cases include:
- High-volume accounts
- High-frequency traders
- Copy trading participants
In copy trading, spreads are adjusted based on combined volume from both leaders and followers to ensure execution speed and fairness.
Standard Contract Trading Fees
Fees for standard contracts are straightforward:
| Type | Fee Rate |
|---|---|
| Self-Trading | 0.045% |
| Copy Trading (Crypto Pairs) | 0.045% |
| Copy Trading (Non-Crypto Pairs) | 0.03% |
Formula:
Transaction Fee = Trade Volume × Fee Rate
Fees are recorded at position opening but only deducted upon closing the trade.
Funding Rates in Futures Trading
Funding rates help balance long and short positions in perpetual futures markets. On BingX:
- Occurs every 8 hours at 00:00, 08:00, and 16:00 UTC
- Minor delays (up to 3 minutes) may occur
Mechanics:
- Positive rate: Longs pay shorts
- Negative rate: Shorts pay longs
This mechanism aligns contract prices with underlying spot values and discourages prolonged imbalances in market sentiment.
Perpetual Contract Fees
Perpetual contracts have no expiry date—positions can be held indefinitely as long as margin requirements are met.
Typical Fee Rates
- Regular Users (Taker): ~0.04%
- Regular Users (Maker): ~0.02%
VIP 8 Tier Benefits
Elite traders who exceed $15 billion in 30-day volume receive preferential rates:
- Taker: ~0.023%
- Maker: ~–0.02% (negative fee = rebate)
This incentivizes high-frequency and institutional-level trading activity on the platform.
Frequently Asked Questions (FAQ)
What determines BingX trading fees?
Fees depend on trading pair liquidity, user tier (e.g., VIP status), trade type (spot vs. futures), and whether you're a maker or taker.
Are withdrawal fees fixed?
No. They're calculated dynamically based on real-time blockchain gas fees and may change without notice.
How can I reduce my trading fees?
You can lower fees by increasing your trading volume to reach VIP tiers, using limit orders (maker), or choosing high-liquidity pairs.
Do I pay fees when opening and closing a position?
Yes—but only one fee is charged per trade cycle: recorded at open, deducted at close.
What is the purpose of funding rates?
Funding rates keep perpetual contract prices aligned with spot prices by transferring payments between long and short holders every 8 hours.
Is copy trading more expensive?
Not significantly. Copy trading fees are slightly optimized—especially for non-crypto assets at 0.03%.
Final Thoughts
BingX maintains a transparent and tiered fee structure designed to support both retail and professional traders. From competitive spot rates to dynamic contract spreads and incentive-driven VIP programs, the platform balances accessibility with sustainability.
By understanding each component—from withdrawals to perpetual funding—you gain better control over your net returns and risk exposure.
👉 Start optimizing your trading costs with a clear fee breakdown today.
Knowledge of fees isn’t just about cost avoidance—it’s a strategic advantage in crypto trading. Stay informed, plan ahead, and trade smarter.