Bitrue review – Here is my honest review on Bitrue. How i switched to Bitrue crypto exchange and got sign up bonus with invite commissions.
First reason to move on Bitrue is couple of features like staking, power piggy. This features gives upto 20% interest rate per year on some coins which is 3x from bank returns.
Another big reason is low trading fees and easy to use interface. Place orders at market price , limits and trigger price. This is still challenging for lots crypto exchanges.
Trading fees is very big problem when you are doing intraday crypto trading. Fees deducts our high portion of profits because on every transaction fees deducts. If margin of fees low then good amount of profits can earn. This can be done via Bitrue only.
Apart from this, New users can get sign up bonus worth $1036 USDT. Massive bonus helps huge if you’re beginner in crypto market.
Bitrue review
As my experience i will share honest Bitrue review and why you should switch to this crypto exchange. Top 5 features we will discuss in this article.
1. Sign up bonus
From long time Bitrue giving upto $1036 sign up bonus rewards. This rewards is divided into some tasks which is too simple.
Complete kyc verification and get $1 trial funds in futures.
Make first deposit above $100 USDT and win upto $1000 ($20 trial funds in futures & $980 in investment)
First future position on $1000 usdt & get $10 trial funds.
Get $2 cash on first spot position on 1000 usdt.
Make 30 days transaction volume above $5000 usdt and get $5 trial funds. Similarly on above $50,000 usdt, $10.
All the rewards will credit in USDT coin.
To get sign up bonus, You need to use Bitrue referral codeQTZLTET. Check that post and create account from the steps.
2. Invite commissions
Invite new friends on Bitrue through referral code and earn flat 40% commission on both spot and futures trading. Your friends can earn also sign up bonus rewards.
After login navigate to the profile icon and select Bitrue partners from drop down list. This is section where invite commission can manage. Simply copy referral link or code and share with friends. When your friends do trading flat 40% fees will earn in your usdt coins.
3. Staking
Staking is the option where stake money on any favorite coin and get guaranteed returns. Currently more than 201 million usdt already staked on Bitrue and more than $10 million rewards distributed and $1 million in BMAX.
Click on “Earn” tab from menu and select staking. Here check list of coins which are giving highest returns percentage in APY. Stake the money in coin and earn higher returns without doing anything.
4. Power piggy
Power piggy under daily interest rate can earn competitive rewards daily. It means daily interest will be added. There is no lockup period so invested amount can also withdraw anytime.
Simply visit power piggy option from menu. Select flexible or lockup tab >> coins and invest it. Daily rewards will be started adding to your account.
5. Crypto loan
Borrow money in your USDT, BTC, XRP or ETH crpyto coin. There is no delivery deadline but interest should pay daily. This allows you to continue to hold the rights to your digital currency while freeing up working capital for immediate projects.
Conclusion
This all top features available on single website and manage from one platform. Coins can be transfer from one product to another so without cashout invest in different options.
Prominent Singapore-based crypto exchange, Bitrue, has unveiled multiple promotional offers for Shiba Inu enthusiasts amid the launch of Shibarium.
Bitrue is running two promotions giving away 10 million and 10 Billion Shiba Inu.
10 Billion Shiba Inu Giveaway
Bitrue announced a magnificent Shiba Inu giveaway in a post on X. The exchange unveiled a 10 billion Shiba Inu bounty exclusive for Shibarium Carnival.
Shiba Inu enthusiasts have no special requirements to fulfill before participating in the ten billion bounty. Users are only expected to deposit any of the Shiba Inu ecosystem tokens on Bitrue and trade them.
The supported coins are SHIB, BONE, and Leash. The Crypto Basic reported that the exchange listed the Doge Killer LEASH about a month ago.
According to Bitrue, the promotion will run until the end of August, with new users getting double rewards for participation.
It is worth mentioning that the ten billion giveaway is only open to users who have completed the standard know-your-customer requirement. Additionally, market maker (MM) accounts are ineligible for the giveaway.
How to get $3000 sign-up bonus and participate in Bitrue giveaway?
Under this airdrop, Bitrue will credit free SEI tokens. Just you need to deposit money in SEI tokens and fill in the Google docs to confirm participation. Let’s come to the steps :
1. First of all, Create a new account if don’t have and earn 2x rewards in the airdrop. Don’t forget to use Bitrue referral code QTZLTET to grab a new user sign-up bonus.
2. Visit the rewards section and complete tasks one by one. The tasks can give up to $3000 sign-up bonus. If you are a crypto beginner then deposit at least $100 USDT to unlock $1000 grand prize.
3. Old users can start from this step. Deposit money in SEI tokens worth $100 or exchange from other coins.
4. Open the Participate link
5. Scroll below in the docs form and select Are you a new user or an existing user?
6. On the next field, Enter your Bitrue account registered email ID. And submit it.
Bitrue airdrop – Bitrue is popular for launching airdrops of new tokens. Similarly giving free SEI tokens worth $20 on deposit above $100 with new user sign up bonus.
The airdrop not limited for new user, even old user can participate and grab free SEI token in Bitrue account. Old users can grab $10. Offer valid on first serve first come basis, so don’t waste single minute after read this article.
Total $10,000 USDT worth SEI tokens will distributed after airdrop over. Previous xBMAX airdrop is still running so you can participate in both and earn 2x rewards.
Never seen crypto exchange which runs massive rewards programs in month. Other staking and power piggy programs also gives higher interest on crypto as compare to bank.
Bitrue airdrop details
Total prize pool – $10,000 USDT
First 100 users – $20 for new users & $10 for old users on deposit above $100
100 to 200 users – $10 for new users & $5 for old users on deposit above $100
Remaining users – $4 for new users & $2 for old users on deposit above $100
How to get $3000 sign up bonus and participate in Bitrue airdrop ?
Under this airdrop Bitrue will credit free SEI tokens. Just you need to deposit money in SEI tokens and fill the google docs for confirm participation. Let’s come to the steps :
1. First of all Create new account if don’t have and earn 2x rewards in airdrop. Don’t forget to use Bitrue referral code QTZLTET for grab new user sign up bonus.
2. Visit rewards section and complete tasks one by one. The tasks can give upto $3000 sign up bonus. If you are crypto beginner then deposit at least $100 USDT for unlock $1000 grand prize.
3. Old users can start from this step. Deposit money in SEI tokens worth $100 or exchange from other coins.
4. Open the Participate link
5. Scroll below in docs form and select are you new user or existing user.
6. On next field, Enter your Bitrue account registered email id. And submit it.
Terms and conditions
Event period: 10:00 UTC, 14 August – 10:00 UTC, 21 August
New user must complete KYC verification for successful participation.
Rewards will be distributed after 10 days of event concludes.
Free bmax tokens airdrop – Hold xrp coins for 14 days & get assured xBmax tokens. Bitrue conducting airdrops event worth $300,000 for xrp holders.
Previously we seen XRP power piggy featured on our website. At that time 20% annual percent rate given for holding xrp coins on bitrue account.
Again new offer is live for holding XRP coins. Under this airdrop Xbmax tokens will distribute on amount of hold xrp coins for 14 days.
Thinking what is Xbmax tokens. This is option token for Bmax tokens. Once airdrop expire, You can exchange into BMAX tokens.
Under this period your xrp coins will locked. Wants to earn rewards without locking then check out bitrue flexible staking. Let’s come for participate in bitrue airdrop.
How to get free crypto tokens from bitrue airdrop ?
Get free BMAX tokens from Bitrue airdrop is very simple. Just hold XRP coins for 14 days and free assured BMAX tokens will credit. More you hold more you will get .
Not having account on Bitrue then create new account. It will take few minutes.
Use the referral code as QTZLTET. It will give new user sign up bonus worth $1000 + tasks rewards. Complete the tasks like deposit $100 and unlock $1000 reward and claim welcome bonus.
Deposit or Exchange into XRP coins and Visit the Bitrue XRP Airdrop page [ Click Here ]
Enter locking amount and you will see estimated xBMAX tokens will credit after airdrop over. Its just estimate but depositing more can grab more from $300,000 airdrop.
Everyday one snapshots will taken and more snapshots then more tokens will receive. So don’t wait and lock XRP coins now on Bitrue.
Free xBMAX tokens will distribute from this formula. The final amount of xBMAX airdrop = the amount of XRP locked by the user / the amount of XRP locked by all users * 300,000.
Once airdrop over, After 10 days distribution will complete.
Bitrue lucky draw event – Participate in lucky draw event at Bitrue & get free $10 on deposit $25. You need to complete small task which is trade at least $500 in future or spots.
The offer is valid for one month only. So hurry up and create new account on Bitrue and get up to $1100 welcome bonus.
Another thing you can earn up to 20% APR (Annual percentage rate) on staking money under power piggy option. Various crypto coins available which giving 20% APR and no lock up period requires, flexible staking and daily rewards will be added to account.
Thinking to switch crypto exchange then Bitrue is currently best option because various ways to earn free crypto coins and low fees platform.
Let’s come to the lucky draw event.
Bitrue Lucky Draw Event
Bitrue lucky draw event for new user along with sign up bonus. For participate in lucky draw event just make new account through below link and complete one simple deposit task.
First visit Bitrue through our referral link or use referral code as QTZLTET. Important to track for luck draw winners.
Complete sign up process and verify KYC documents. This task will give $1 bonus.
Deposit $25 for luck draw but i recommend to deposit $100+ because this will unlock two tasks one is $10 luck draw & $1000 first deposit rewards.
Take a future or spot trade of at least $500.
Don’t withdraw money until lucky draw rewards credited to account. It will take 7 days after 31st August 2023.
There is one more great way to earn massive rewards which is referral program. Visit Bitrue partners option from menu and copy referral code/link. Share this with your friends and earn flat 40% trade commissions lifetime.
Wassup everyone, to celebrate the new milestone I hit on YouTube and Telegram, I have decided to do a $100 airdrop for you guys!
Bitrue×EnglishTV Event Rules
As always, I appreciate the love and support since the beginning
Duration: one month
Prize: $10*10 (I will select 10 random winners that have complete the tasks)
Keep assets in your Bitrue account before the campaign ends
PS: For those who sign up under my link, if your account is >$ 50 currently, all you need to do is place a future or spot trade of at least $500 and you will be qualified.
Note: Prize will be distributed in 7d ays when the campaign ends
Singapore-based crypto exchange Bitrue has announced a new power piggy event for new users with up to 20% APR for XRP investors. New users are those who are yet to make an investment in power piggy.
Bitrue Power Piggy– Stake SOL , LTC or LINK crypto coins on Bitrue & earn 20% APR. No any lock up & daily payout. Apart new users can earn $3000 sign up bonus and 40% referral trade commissions.
Several exchanges have listed the SOL, LTC or LINK token. However, Bitrue provides the most lucrative spot for staking your XRP token. The Bitrue Power Piggy event provides an impressive annual percentage rate (APR) of up to 20% which is a perfect chance for investors to profit from their token.
There are two types of staking available on Bitrue while other crypto exchanges gives only one which is lock-up. Bitrue awares new flexible staking on lots of coins. Under which daily payout made and anytime staking coins can withdraw.
Currently Bitrue giving flexible staking on lots of crypto coins. Also highest 20% interest rate can be earn on SOL , LTC and LINK. This is too much as compare to bank interest which deposit interest monthly or quarterly but Bitrue makes daily.
Previously we shared Bitrue XRP power piggy which is almost same and giving same interest rate. Still wants to enjoy same interest on crypto holdings then buy SOL , LTC or LINK coins on Bitrue.
Bitrue Power Piggy
Bitrue Power Piggy gives 20% annual interest and daily interest payouts. There is no lockup period under flexible staking on Bitrue. Let’s come how to get started on Bitrue with massive sign up bonus.
How to get sign up bonus and 20% APR flexible staking on Bitrue ?
1. Visit Bitrue referral link to get sign up bonus. This offer valid only for new users.
2. Claim sign up bonus offer and Enter Bitrue referral code as QTZLTET
3. Visit rewards section and complete one by one tasks. The tasks can give upto $3000 sign up bonus. If you are crypto beginner then deposit at least $100 USDT for unlock $1000 grand prize.
4. For flexible staking you need to visit power piggy under Earn option. Select any coin SOL , LTC or LINK.
5. Enter amount and stake on it. Everyday UTC 16:00. Rewards will be added to your account. Suppose you stake $1000 under LTC with 20% APR then $0.54 will be daily added to your account. Anytime principle amount can be withdrawn.
6. This reward is not locked so you can transfer to other exchange or withdraw to bank account.
Bitrue announces an exclusive Earn Event with up to 20% APR for XRP investors following the success of its Super Power Piggy Event.
Bitrue, a prominent crypto exchange based in Singapore, has announced another exciting opportunity for XRP enthusiasts and investors to earn significant rewards through an exclusive Earn Event.
There is no lock-up period for rewards. Rewards earn from Bitrue power piggy can be daily withdrawal. Its different from other offers where unlocked after lock – up period over.
There is only 1 XRP minimum amount staking is possible and interest will paid daily on 16:00 UTC. 1 XRP is equal to $0.79 which is less than $1 at the time of writing this article. So anyone can start investing under this power piggy event.
Actually, Recently Bitrue and Ripple who owned XRP token has started partnership. Limited number of XRP tokens staking is available in this event so don’t wait and invest in xrp token staking on Bitrue now. Earn never seen interest rate.
Apart from staking, Bitrue also giving huge sign up bonus worth $1036 which can win and claim by completing tasks. Some tasks with high rewards need high deposit but some can claim by complete tasks like kyc , sign up etc.
Bitrue XRP Power Piggy
Bitrue XRP Power Piggy event 2023 for staking crypto. Stake XRP tokens and Earn flat 20% APR daily. No rewards lockup under power piggy on Bitrue.
How to invest on Bitrue staking with new user sign up bonus ?
First you need to create new account on Bitrue through referral link. Must use for rewards.
It will show bonus offer Claim it. Enter basic details for sign up
Enter Bitrue referral code as QTZLTET
Once sign up process complete and logged into account. Visit rewards section and complete tasks for earn sign up bonus rewards.
I recommend to deposit above $100 USDT to unlock $1000 grand prize and you can invest in staking as well this money.
Click on “Earn” from menu >> “Power Piggy”. Under Flexible tabs list of coins will show with mentioned interest rate as APR.
Select “XRP” because giving highest return. Here enter amount of XRP wants to stake in power piggy. And join it. Further rewards status will show on this page.
Terms and conditions
Rewards Distribution: 16:00 UTC every day
Interest calculation: Interest generation will begin one day after investing. The first interest payment will be made two days after investing. No partial interest will be generated when funds are withdrawn in the middle of a day. Interest is calculated between 16:00 ~ 18:00 UTC daily. If funds are unfrozen during the calculation period, they will not generate interest.
No Lock-up: Your funds will not be locked so you can opt out anytime you want. You can opt in again as long as there’s cap opening.
For this offer, Bitrue guarantees the safety of your principal and earnings.
Minimum amount to join: 1 XRP
Eligibility: All users are eligible to participate.
Final interepretation of this activity belongs to Bitrue. Bitrue reserves the right to adjust the rules of the event at any time based on market and operating conditions.
In recent years, we have witnessed the emergence of many hot trends and movements. These trends include DeFi, Metaverse, GameFi, NFTs, AI, and meme cryptocurrencies. Currently, the latest trend seems to revolve around meme cryptocurrencies. However, many have noticed a rising star known as DePIN. So, what exactly is DePIN? What are some examples of DePIN, and what are the benefits and limitations associated with this type of token? This article will explore all of that.
Decentralized Physical Infrastructure Networks (DePIN), also known as DePIN, have become a new trend in the cryptocurrency space. DePIN refers to new networks that utilize tokens as a motivator for the community to build physical infrastructure. This is where DePIN differentiates itself from traditional cryptocurrencies because DePIN requires some form of physical hardware.
DePIN also employs tokens or coins to incentivize people to participate in the network and contribute to building the infrastructure from scratch. This leads to the creation of “Real-World Dapps.” DePIN utilizes blockchain technology to merge real-world physical infrastructure with permissionless and trustless hardware networks.
While DePIN has the potential to deliver faster results compared to traditional companies due to significantly lower initial costs, almost no barriers to entry, and financial components in the form of incentives for anyone participating in the network, DePIN also represents a slow revolution. In the long run, it can empower users and network participants with ownership and control, while providing them with opportunities to earn hundreds, if not thousands, of dollars annually.
In summary, DePIN is a decentralized network dividing traditional physical hardware infrastructure that requires significant capital. They also allow anyone to become an operator or hardware provider, thus solving the liquidity problem through token-encoded incentives and peer-to-peer markets.
The Importance of Token Incentives: Token incentives play a vital role in two stages throughout the entire process. First, DePIN uses tokens to incentivize people to participate in the network from the beginning, aiding the project's initial launch. Second, it motivates new users to join afterward as the network effect ensures the earlier they participate, the better their financial outcome.
Looking Back at the History of DePIN
The spread of DePIN may appear fresh, but there have been various similarities in the past. Projects like Helium and Filecoin, created in 2019 and 2020 respectively, can be considered early examples of DePIN. However, it wasn't until late 2022 that these tokens were specifically labeled as DePIN in Messari's research report and through a Messari Twitter poll.
Prior to that, the projects currently classified as DePIN were referred to by different names such as EdgeFi, Proof-of-Physical-Work (PoPW), or Token Incentivized Physical Networks (TIPIN). Thus, determining the true origin of this segment is challenging. However, Messari decided to consolidate all these names into a common group and started classifying all these projects under the same new acronym – DePIN. Since then, the popularity surrounding these projects seems to have only grown. Many have claimed that DePIN is a real-world use case and innovation that blockchain technology can bring. Some have even gone as far as declaring it as the only case. However, in reality, these projects operate differently.
Types of DePIN
According to the previously mentioned Messari report, when referring to DePIN, people usually describe projects falling into one of the following four categories:
Cloud Storage Networks: Including file storage, servers, VPN networks, or CDNs. Wireless Networks: Community-driven networks, which may include technologies like 5G or LoRaWAN. Sensor Networks: Anything from weather to mapping, including real-time data collection through sensors. Energy Networks: Primarily distributed electricity grids. These are just the main categories described by Messari. However, that doesn't mean the potential of DePIN is limited to these four categories. As we'll see in the later benefits section, DePIN has a long list of potential advantages that can be applied to anything, where the four main factors (hardware, hardware operators, tokens, and users) in DePIN will be present.
For DePIN to function correctly and smoothly, there need to be four different participating entities or parties in the network. They are:
Hardware: A physical component connecting the network to the physical world. Hardware Operators: Individuals who purchase or lend their hardware in the process of connecting to a specific network. Token: A form of financial incentive, often a specific cryptocurrency of the project. Tokens are rewarded to hardware operators based on established rules set by the project. Users: Last but not least, DePIN requires users within the infrastructure to utilize the network's hardware. These are people willing to use and pay for the solutions and services provided by DePIN. If any of these entities are missing in any business model or DePIN concept, the project can become immediately threatened or fail. Similarly, if there aren't enough entities present in the project's initial stage, its future becomes uncertain and risky.
Specific factors such as reward size or hardware barriers may vary from one project to another. Therefore, they can be difficult to categorize or divide into specific groups. However, identifying which projects fall into the DePIN world becomes relatively straightforward.
Examples of DePIN
As mentioned earlier, the history of DePIN is quite elusive. One can speculate about the first DePIN projects or the history of this cryptocurrency subsector as much as they desire, but that won't change the fact that there are projects within this category. While the list of these projects is extensive, with Helium arguably being one of the first projects, we'll only briefly summarize a few of the most well-known projects that can be classified as DePIN.
Filecoin (FIL) is a project that provides cloud storage services similar to Google Cloud or Amazon Web Services in Web2. It offers a decentralized and secure storage solution incentivized by the FIL token. Filecoin connects those in need of data storage space with individuals who have spare hard drive space.
Dimo (DIMO) is a project that provides media and user-driving data marketing capabilities. After users download the Dimo app, they can choose what information about their vehicle (such as battery health) they will share, and they are rewarded with DIMO tokens. There is a significant automotive market for various entities such as ride-sharing apps to purchase access to this data and improve their operations.
Hivemapper (HONEY) is a decentralized mapping platform built by users with cryptocurrency-enabled cameras mounted on cars. It aims to recreate Google Street View but in a decentralized manner. Users drive with these cameras and generate GPS-related image data that can be financially rewarded with HONEY tokens.
Clearly, the DePIN world contains many more projects. Among them, we haven't mentioned Storj, Sia, Pollen, React, or Arkreen, just to name a few examples. These projects vary primarily based on the field or type of network they aim to operate in. For example, while Storj and Sia belong to storage networks, Pollen falls under wireless networks, and React and Arkreen belong to energy networks.
The trend surrounding DePIN is becoming increasingly realistic each day. It seems that DePIN has the potential to become another acronym representing a phase of interest, where everything related to DePIN will experience significant value appreciation, similar to what we have seen with ICOs, DeFi, Metaverse, or NFTs.
However, that doesn't mean DePIN doesn't come with any benefits. On the contrary, here is a list of just the remarkable benefits that cannot be ignored in any conversation about DePIN:
Scalability: DePIN has the potential to scale much faster than its traditional counterparts. Some argue that their infrastructure can be built ten to a hundred times faster simply due to the decentralization among network participants. Furthermore, DePIN can scale globally in a permissionless manner, making it a more attractive solution with fewer barriers in the future. Cost Efficiency: The same principle of scalability also applies to cost-efficiency in production. The distribution among various market participants can ensure significantly cost-effective solutions compared to traditional alternatives. Uncensorability: If developed and deployed correctly, DePIN can be challenging to censor. With no single entity responsible for the project, it means regulatory bodies or governments cannot use this network for censorship. This is also due to the notion of collective ownership, a key assumption of DePIN. Collective Ownership: Speaking of collective ownership mentioned earlier, DePIN makes the interests of investors and stakeholders align harmoniously. This not only helps drive rapid adoption and development but also ensures that projects and solutions are better aligned with the needs of local markets. Integration with DeFi: Thanks to its decentralized and permissionless nature, DePIN can also foster innovation and improvements in the cryptocurrency world. It can support seamless micro-payments and integration with DeFi precisely because it's not limited like most traditional infrastructure solutions. Additionally, DePIN can offer more flexibility and versatility in the development and deployment stages. The barriers to entry for project participation are also expected to be lower compared to traditional solutions. The potential benefits list also includes self-reinforcing growth loops, community reinforcement, ownership, or custodial responses.
Limitations of DePIN
While the benefits of DePIN are evident, there are also challenges and limitations that need to be clearly defined. Some of these limitations are more theoretical, while others have been observed in the real world with certain projects. Some potential limitations of DePIN include:
Incentive Model: Many argue that the incentive model of DePIN has a high dilution, leading to false promises or enrichment for founders and members of the DePIN team. Intense Competition: Some may argue that the DePIN subsector is relatively small and has plenty of room to grow, thus lacking significant competition in the market. And while that may be true, the reality is that most new DePIN projects will compete against established giants like Amazon, Microsoft, or Google. It cannot be denied that it's a much more fierce competition. Failed Efforts: Helium and Filecoin, arguably the two most well-known cryptocurrencies in this space, experienced tremendous success in the bullish market of 2021. However, since then, both projects have faced difficulties, including opposition and accusations of market manipulations or blood-related relations. Like any cryptocurrency portfolio or subcategory, there are always drawbacks, not just benefits. The three limitations mentioned above are just some of them. However, over time, it will become evident that there will be many more limitations discovered as various projects attempt to dominate this emerging world of DePIN.
Conclusion
DePIN is becoming a new trend in the cryptocurrency world. Some have proposed that they have the potential to become a phenomenon similar to ICOs, DeFi, or NFTs. However, regardless of their tremendous potential and the incredible list of benefits they can bring to people, they will need to prove themselves. Most of these projects are either in their early stages or not significantly successful, meaning upcoming DePINs won't find success easily.
BingX, a leading global cryptocurrency exchange, is pleased to announce its decision to further expand into the Middle East and North Africa (MENA) markets. This strategic move is part of BingX's ongoing commitment to provide innovative and reliable trading services to users worldwide. By investing in these vibrant markets, BingX aims to connect with a larger user base and promote the adoption of cryptocurrencies in the region.
BingX Expands into Middle East and North Africa Markets
BingX has established itself as a prominent player in the cryptocurrency industry, offering a comprehensive range of services, including spot trading, derivatives, copy trading, and grid trading. With over 5 million users across 100+ countries and regions, BingX is striving to enhance the trading experience further with advanced solutions for its global user base. Notably, BingX is renowned for its commitment to user satisfaction, transparency, and innovation. The core focus of BingX's operations is relentless dedication toward revolutionizing the cryptocurrency trading experience. BingX envisions expanding the accessibility of cryptocurrencies and making these assets more user-friendly, catering to individuals from all walks of life. With the goal of becoming the “gateway” for billions of cryptocurrency users, BingX aims to foster comprehensive financial inclusivity and broaden the widespread adoption of digital assets worldwide.
With an impressive presence in Asia, Europe, and the Americas, BingX has positioned itself as a reliable platform for users across various continents. Now, the decision to expand BingX into the MENA markets is driven by the platform's strategic vision and commitment to global growth. The MENA region has witnessed a significant surge in interest in cryptocurrency usage, with an increasing number of individuals and businesses seeking reliable and secure platforms to trade digital assets. BingX recognizes the immense potential in this market and aims to meet the growing demand of cryptocurrency enthusiasts in MENA.
BingX will bring its strengths to the MENA market, including a robust infrastructure and advanced trading tools supporting a wide range of cryptocurrencies. By expanding into MENA, BingX will provide local traders with a seamless trading experience equipped with comprehensive features, enabling them to explore new investment opportunities and navigate the cryptocurrency landscape with confidence.
As part of its commitment to delivering an exceptional trading experience and fostering a vibrant cryptocurrency community in the MENA region, BingX is proud to introduce the BingX Partner Program. Through this program, local partners will benefit from higher-than-industry-standard commission rates. By combining BingX's reputable position as a leading cryptocurrency exchange with the local expertise and profound knowledge of its partners, the launch of this partner program is highly anticipated. The BingX Partner Program will provide tailored solutions and services to cater to the specific needs and preferences of MENA traders.
Elvisco Carrington, Director of PR and Communications at BingX, stated:
“We are thrilled to introduce BingX to the Middle East and North Africa market. As the demand for cryptocurrencies continues to rise in the region, we are committed to providing a reliable and user-friendly platform that meets the specific needs and preferences of MENA users. This expansion decision is a testament to our commitment to global accessibility and our vision for revolutionizing how people trade and invest in cryptocurrencies. We are excited to engage with vibrant markets and collaborate with local partners to create shared value.”
BingX is a leading cryptocurrency exchange providing spot trading, derivatives, copy trading, and grid trading services to over 100 countries and regions worldwide, with over 5 million users. BingX continues to connect users with professional traders and the platform in a safe and innovative manner.
Copy trading is an excellent option for newcomers in the cryptocurrency field, and BingX is a top-choice trading platform. In this article, we will explore the benefits of copy trading and provide a guide on how to start copy trading on BingX.
Copy trading allows individuals to automatically replicate the trades of experienced and successful traders. Essentially, copy trading enables users to copy the trading activities of experts, leverage their knowledge, and potentially profit from successful trades without the need for personal execution.
BingX is the leading copy trading platform worldwide, with over 5,436,650 copy relationships established on the platform. It has established itself as a reliable and trustworthy platform for copy-trading enthusiasts. It offers a smooth and user-friendly experience, allowing individuals to connect with traders and copy their investment strategies.
On BingX, there are over 2000 traders currently available to copy. Individuals can select traders based on their specific preferences and risk appetite. Whether one is seeking conservative traders who prioritize capital preservation or rising stars aiming for higher returns, BingX offers a diverse pool of talented traders to choose from.
Now, let's take a look at the benefits and risks involved with copy trading.
Benefits of Copy Trading
Copy trading is a great way for newcomers in the cryptocurrency field to generate profits. Here are some benefits of copy trading:
Accessibility: Copy trading platforms like BingX provide an accessible entry point into the world of trading and investing. It eliminates the need for technical expertise, allowing individuals with limited experience to participate in the market and potentially benefit from it.
Time-saving: Copy trading is an excellent solution for busy individuals with limited time for market analysis and trading. It saves time by automatically replicating the trades of chosen traders.
Learning Opportunity: Copy trading also serves as an educational tool, especially for novice traders. By observing and analyzing the strategies applied by experienced traders, individuals can gain valuable insights into market trends, risk management techniques, and overall trading strategies.
Profit Potential: Copy trading offers profit potential by leveraging the skills and success of experienced traders.
While copy trading has its benefits, it's important to consider and understand the potential risks involved. Here are some risks associated with copy trading:
Risk of Loss: Copying trades does not guarantee profits and exposes investors to risks similar to those of the traders they copy. If the copied trader incurs losses, those losses will be replicated in the investor's account.
Dependency on Other Traders: When engaging in copy trading, investors rely on the skills and decision-making abilities of the traders they choose to copy. Although copy trading platforms like BingX often provide information about traders' past performance, there is no guarantee that past success will continue in the future.
Limited Control: When copying trades, investors relinquish a certain degree of control over their investment decisions. While they can still stop copying a trader, they cannot selectively copy certain traders and ignore others.
On the BingX platform, the copy trading dashboard serves as a comprehensive center where users can explore and interact with a range of available traders to copy. The dashboard provides a convenient overview of all traders, their profiles, and trading activities. By accessing the dashboard, users can access a group of traders, each with their own unique strategies and trading histories. The platform allows users to view trading histories, average profits, risk levels, and other relevant information.
A notable feature of the BingX dashboard is the ability to learn from traders without immediately engaging in copy trading. Users can research and analyze the trading activities of different traders, and observe their decision-making, the assets they trade, and the timing of their trades. This provides an excellent opportunity for users to enhance their knowledge and trading strategies by learning from experienced traders.
How to Start Copy Trading on BingX?
Getting started with copy trading on BingX is straightforward. Let's look at the steps to do it accurately.
Step 1: Access the Copy Trading Dashboard
First, log in to BingX. If you're using the app, navigate to the home page and find the ‘Copy Trading' section. If you're using the web version, go to the homepage and locate the ‘Copy Trading' tab. In the Copy Trading section, you'll see a list of traders to choose from. You can view various details about them, such as their current position, historical profits, and risk acceptance.
Step 2: Choose a Trader to Copy
Select a trader from the list that suits your preferences and risk appetite. You can explore their profile, trading history, and other relevant information to make an informed decision.
Step 3: Enter Copying Settings
Once you've chosen a trader, you'll be redirected to their profile page. Click the ‘Copy Now' button to initiate the copy trading process. You'll be prompted to enter copying settings.
Copy trading type: Choose the type of trade copying based on the trader's share trading account. Options include position-based copying, fixed equity copying, and grid copying. Principal type: Choose between USDT and VST (Virtual USDT) for copying trades under Standard Futures. For copying trades under Binance Futures and BingX Spot Grid, select USDT as the principal type. Copy trading funds: Set specific parameters for copying funds based on the chosen type. This may include ‘Principal of a Single Trade,' ‘TP/SL' (take profit/stop loss), ‘Daily Copy Trading Principal,' and ‘Maximum Position Margin,' depending on the selected trading account.
Step 4: Check Copying Trade Data
Access the ‘My Trades' section to review your copy trading data.
Overview: Here, you can view ‘Today's Earnings' and ‘Total Revenue.' Click on ‘Details' to access more detailed data. Current: This section displays the currently open copying trades. Copying history: This section contains closed copying trades, including those executed with USDT and VST.
Step 5: Edit or Cancel Copying Trades
If you wish to modify your copying trades, access the ‘My Trades' section and select ‘Current.' Find the trader you are copying and click ‘Stop Copying' to manually stop copying. This will remove the trader from your copying list. Any existing copying trades will be closed when the trader closes their trades. You can also click ‘Edit' to modify the ‘Copying Settings' if necessary.
Key Takeaways
Copy trading allows users to replicate the trades of experienced traders, saving time and potentially generating profits.
BingX is the leading copy trading platform with a large user community and a diverse selection of traders to choose from.
The benefits of copy trading include accessibility, time-saving, learning opportunities, and profit potential.
Risks of copy trading include the potential for losses, dependence on the performance of other traders, and limitations on control over investment decisions.
On BingX, users can access the copy trading dashboard to explore and learn from traders and their strategies.
To start copy trading on BingX, users need to access the copy trading dashboard, choose a trader, and enter the copying settings.
