BingX

Centralized exchange

A derivatives and copy-trading platform with a spot market; registrations only, no major licence.

bingx.comOrdinary link, no referral fee

Spot fee: 0.1%
Coins with a halal verdict: 0; of those listed here
Available in: 16 of 20; countries we track
Checked: Sep 27, 2026

Reliability

5.8/ 10

Monthly proof of reserves and a protection fund, but no major licence and a 2024 hot-wallet hack.

Score updated 6 days ago

Proof of reserves7.0
Licences3.0
Incident history7.0
Segregation of funds5.0
Insurance fund8.0
Security practices5.0

Details for each score

Liberandum halal verdict

Suitable with care

Not suitableSuitable

Usable for spot trading only; avoid futures, copy trading and savings products, and check each coin first.

Use

Spot trading only

Avoid

Futures, copy trading
Savings, Dual Investment, Loans

More details

BingX offers a spot market with full settlement, but it is mainly a derivatives and copy-trading platform, has no Shariah-certified product or Shariah screening, and holds only registrations rather than major licences. After its September 2024 hot-wallet hack (about USD 43 million by on-chain data) BingX said losses were covered from company reserves. Use spot only and check each coin first. Spot trading on BingX settles immediately, which is consistent with the requirement of immediate exchange of crypto-assets in AAOIFI Shariah Standards No. 1 and No. 20. Most of the platform, however, is built around perpetual and standard futures, copy trading of leveraged positions, and Wealth products (Flexible and Fixed Savings, Dual Investment, Crypto Loans). Futures, margin and options fail the settlement and gharar conditions, copy trading of derivatives inherits the same problem, and fixed-yield savings or lending is riba. BingX has no Islamic account, no Shariah-certified earn product and no Shariah screening of its catalogue, so each coin must be checked on Liberandum. Reliability is moderate (5.8 of 10). BingX publishes a monthly Merkle-tree proof of reserves (15 January 2026 snapshot: BTC 137 %, ETH 119 %, USDT 147 %, USDC 126 %) and in June 2025 set up a USD 150 million Shield Fund (1,000 BTC, 4,000 ETH, 40 million USDT) with wallet links on its site. On 20 September 2024 attackers drained about USD 43 million from hot wallets according to on-chain data (later estimates run higher); BingX said user assets were unimpaired and losses were covered from its own reserves, and major withdrawals resumed within about a day. Licensing is weak: third parties report an AUSTRAC registration in Australia and a Lithuanian VASP registration, but BingX EU had no MiCA authorisation as of June 2026 (application with Austria's FMA pending) and is not on ESMA's MiCA register. Securities Commission Malaysia placed BingX on its Investor Alert List in December 2023. BingX's own restricted list (last updated December 2023) includes the United States, the United Kingdom, Canada, Singapore, the Netherlands, mainland China, Hong Kong and several other jurisdictions.

How to use it the halal way

How to use BingX the halal way

What is allowed and what to avoid on this exchange

Allowed
Spot
Settles immediately, no delay
Allowed
Convert
Instant swap, settles like spot
With care
Staking
No Shariah-certified staking
Avoid
Savings and Earn
Flexible/Fixed Savings pay interest
Avoid
Margin
Trading with borrowed money
Avoid
Futures and options
Perpetual, standard futures, copy trading
Avoid
Loans
Crypto Loans, interest-based
Avoid
Structured products
Dual Investment, not certified

No dedicated halal product

BingX offers no Islamic (swap-free) account and no Shariah-certified earn or staking product as of September 2026. Its Wealth section (Flexible and Fixed Savings, Dual Investment, Crypto Loans) pays interest-like yields or uses structured options and is not suitable.

No token screening

BingX does not screen listed tokens for Shariah compliance and publishes no Shariah-screened catalogue. Listing a coin such as Islamic Coin is not screening, so each coin must be checked on Liberandum before buying.

Browse halal coins

Step by step

How to trade halal on BingX

Create an account and pass KYC
Register on bingx.com and complete identity verification with an ID document and a selfie. Turn on two-factor authentication in Account and Security.
Deposit without interest products
Deposit crypto from Assets, or buy with fiat via Buy Crypto (bank transfer, card or P2P). Do not move funds into Wealth: Flexible and Fixed Savings, Dual Investment and Crypto Loans are interest-based or structured products.
Check the coin on Liberandum first
BingX does not screen coins for Shariah compliance. Before buying, check the coin's halal status on Liberandum and skip coins marked not halal or doubtful.
Buy on the Spot market only
Open Spot from the Trade menu and place a limit or market order. Spot orders settle in full immediately, which meets the immediate-exchange condition of AAOIFI Shariah Standard No. 20.
Avoid futures and copy trading
Do not use Perpetual Futures, Standard Futures, leveraged tokens or Copy Trading of futures traders. Leverage and deferred settlement fail the Shariah conditions, and copy trading inherits them.
Withdraw to self-custody
For long-term holding, withdraw coins from Assets to a wallet you control. Keep the network and address checks on the withdrawal screen.

Availability

Where BingX serves users and under which licence

Choose your country

Choose your country to see availability

United Arab EmiratesAvailable
No local licence (no VARA licence found); served by the global BingX platform
Saudi ArabiaAvailable
No local licence; served by the global BingX platform
QatarAvailable
No local licence; served by the global BingX platform
KuwaitAvailable
No local licence; served by the global BingX platform
BahrainAvailable
No local licence; served by the global BingX platform
OmanAvailable
No local licence; served by the global BingX platform
JordanAvailable
No local licence; served by the global BingX platform
EgyptAvailable
No local licence; not on BingX's restricted list, but check local rules on crypto trading
MoroccoAvailable
No local licence; not on BingX's restricted list, but check local rules on crypto trading
TürkiyeAvailable
No Capital Markets Board licence found; served by the global BingX platform
IndonesiaAvailable
No local licence; served by the global BingX platform
MalaysiaRestricted
No licence; Securities Commission Malaysia added BingX to its Investor Alert List in December 2023 (current status not confirmed)
PakistanAvailable
No local licence; served by the global BingX platform
BangladeshAvailable
No local licence; not on BingX's restricted list, but check local rules on crypto trading
KazakhstanAvailable
No AIFC licence found; served by the global BingX platform
UzbekistanAvailable
No local licence; served by the global BingX platform
NigeriaAvailable
No local licence; served by the global BingX platform
United KingdomUnavailable
No FCA registration; the United Kingdom is on BingX's restricted list
United StatesUnavailable
No US licence confirmed; the United States and its territories are on BingX's restricted list
European UnionRestricted
No MiCA authorisation: BingX EU's application with Austria's FMA was pending in June 2026 and it is not on ESMA's register; the Netherlands is on BingX's restricted list

Presence by country

United Arab EmiratesServed by the global platform; no VARA licence found.Available
Saudi ArabiaServed by the global platform; no local licence.Available
TürkiyeServed by the global platform; no Capital Markets Board licence found.Available
IndonesiaServed by the global platform; no Bappebti or OJK licence found.Available
MalaysiaOn Securities Commission Malaysia's Investor Alert List since December 2023 as an unlicensed entity.Restricted
PakistanServed by the global platform; no local licence.Available
KazakhstanServed by the global platform; no AIFC licence found.Available
UzbekistanServed by the global platform; no NAPP licence found.Available

Show 1 more

NigeriaServed by the global platform; no SEC Nigeria licence found.Available

Reliability in detail

Overall 5.8 of 10

Proof of reserves
7.0
Monthly Merkle-tree PoR with user self-verification; the 15 January 2026 snapshot shows BTC 137 %, ETH 119 %, USDT 147 %, USDC 126 %. BingX lists Hacken (2025) and Mazars reports, but the monthly snapshots themselves do not name an independent auditor.
Licences
3.0
Third parties report an AUSTRAC registration (BINGX GLOBAL PTY LTD) and a Lithuanian VASP registration (BINGX EU UAB); not confirmed from the registers here. No MiCA authorisation as of June 2026 (application with Austria's FMA pending; not on ESMA's register), no VARA, MAS, FCA or US licence. Added to Securities Commission Malaysia's Investor Alert List in December 2023.
Incident history
7.0
On 20 September 2024 attackers drained about USD 43 million from hot wallets (CoinDesk, on-chain data; later estimates run higher). BingX said user assets were unimpaired and losses were covered from company reserves; major withdrawals resumed within about a day. Full coverage is stated by BingX but not independently audited.
Segregation of funds
5.0
BingX states user assets are held at least 1:1 in its proof-of-reserves materials, but legal segregation of client assets is not confirmed by an independent audit.
Insurance fund
8.0
Shield Fund of USD 150 million launched June 2025, composed of 1,000 BTC, 4,000 ETH and 40 million USDT, with View Wallet links on its Shield Fund page. Wallet balances were not independently checked here.
Security practices
5.0
2FA available and, by BingX's statement, the majority of assets in cold wallets. The 2024 hot-wallet breach shows gaps; no SOC 2 or ISO 27001 report was found.

Fees

Spot trading, deposits and withdrawals

Spot trading

0.1% maker · 0.1% taker

Base spot fee 0.1 % maker and taker (VIP 0). VIP tiers by 30-day volume or balance lower this to 0.04 %/0.06 % at VIP 1. No native-token fee discount found.

Deposits

Crypto deposits are free apart from the network cost. Fiat deposits (CHF, EUR, JPY, AUD, USD) go through the licensed partner Legend Trading or SEPA and require KYC; partner fees may apply.

Withdrawals

Crypto withdrawals carry the per-coin network fee shown on the withdrawal screen. Fiat withdrawal fees depend on the partner and method.

Halal coins you can buy on BingX

Coins with a halal verdict listed on this exchange

All halal coins

No coins with a halal verdict on this exchange yet

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