BingX Supported Countries | But Which Ones Are Not?
Mike Harry
Feb 2024
3 min read
Fact checked
Introduction: In this breakdown, we will be covering the countries that are supported and prohibited from using BingX exchange. Whether you are a potential investor or simply curious about the exchange's reach, this article will provide you with the necessary information. Let's dive in and explore which countries are supported and restricted from BingX!
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
The platform supports various trading services, such as spot, derivatives, copy, and grid trading, catering to a user base of over 5 million across more than 100 countries and regions worldwide.
BingX boasts a sizeable workforce of over 150 employees, with branches and offices extending to North America, Canada, the EU, Hong Kong and Taiwan.
Of their user base, over 1 million are mobile app users that have access to buy, sell and trade over 350 cryptocurrencies in the app.
BingX Restricted Countries
In terms of restricted countries that are restricted from using the BingX exchange, these include:
Afghanistan
Burundi
Central African Republic
Congo
China
Hong Kong
Macau.
BingX Banned Countries
In terms of countries that are banned from using BingX, that includes countries like Canada where Canadians at the time of writing are IP restricted from signing up to the platform.
Is BingX available in the US?
BingX is available in the United States which means that Americans can signup without having to worry about any IP restrictions.
Can I use BingX in USA?
BingX is registered as Money Service Business (MSB) under FinCEN in the United States and as such, there are no restrictions in place that prevents US residents from using it's services.
Can I use BingX in the UK?
In the UK, crypto exchanges are required to comply with regulations set forth by the Financial Conduct Authority (FCA).
This ensures that exchanges operate in a transparent and secure manner to protect consumers.
At the time of writing, BingX is not licensed by FCA in the UK but the exchanges services are available to UK residents.
Is BingX available in Canada?
In Canada, cryptocurrency exchanges must register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to comply with financing regulations.
At the time of writing, BingX's services are not available to Canadian citizens who instead have to signup to beginner friendly exchanges such as Uphold.
Is BingX legit?
BingX is a legit exchange that is licensed and regulated across multiple jurisdictions around the world.
While BingX is a lesser known exchange, it has rapidly grown it's user base to over 5 million users world wide.
Yes, BingX is a safe and trustworthy exchange that is licensed and regulated in the United States, Canada, Europe and Australia.
Is BingX Licensed & Regulated?
BingX Group is an international financial institution offering digital services with branches in North America, Canada, the EU, Hong Kong, and Taiwan.
It operates under its registered trademark BingX and has obtained regulatory licenses through its subsidiaries in the following jurisdictions:
1. BingX US LIMITED is a registered Money Services Business (MSB) under the US Department of Treasury's Financial Crimes Enforcement Network (FinCEN), approved for FX activities (License No. 31000204096551). 2. BINGX CA LIMITED is registered in Canada and has MSB status under the Financial Transactions and Reports Analysis Centre (FINTRAC) for both FX dealing and virtual currency transactions (License No. M21534025). 3. BINGX GLOBAL PTY LTD is an authorized Digital Currency Exchange (DCE) provider under the Australian Transactions and Reports Analysis Centre (AUSTRAC) (License No. 100725677-001). 4. In the EU, BINGX EU UAB is a Lithuania-based financial service company recognized and regulated by the Financial Crime Investigation Service (FSIC) as a digital currency exchange (License No. 4400-1839-5132).
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
