BingX Restricted Countries

BingX names 21 restricted jurisdictions in its official Disclaimer, and its Customer Agreement bars anyone on sanctions lists, including persons designated by OFAC, from opening an account.

Here is the full list of restricted jurisdictions, grouped by the reason for exclusion:

• Sanctioned or high-risk states: Iran, North Korea, Cuba, Afghanistan, Myanmar, Somalia, Burundi, Central African Republic, and the Democratic Republic of the Congo are excluded under international sanctions and AML/CTF policy.
• Conflict-affected territories: The Crimea, Donetsk, and Luhansk regions of Ukraine are blocked in line with US, EU, and UN sanctions on the occupied territories.
• Heavily regulated markets: The United States (including all US Territories and Minor Outlying Islands), United Kingdom, Canada, Singapore, Netherlands, Hong Kong SAR, and Macau SAR are excluded because BingX lacks the local licensing that the SEC, FCA, MAS, and equivalent regulators demand from derivatives platforms.
• National crypto bans and policy exclusions: Mainland China enforces a blanket prohibition on exchange activity, while Cambodia, Laos, and Panama are excluded under BingX's own compliance risk assessment.

Registration and identity verification both fail from restricted regions, and accounts later flagged to a restricted location can be suspended and placed into fund-isolation procedures.

The list is not static, so anyone relocating should confirm their new jurisdiction before moving funds.

BingX Supported Countries

BingX serves traders in over 160 countries and reports a global user base above 20 million. Coverage is strongest across Southeast Asia, Central Asia, Latin America, Eastern Europe, Australia, and much of Africa, where the platform pairs crypto markets with local fiat on-ramps through P2P, Quick Buy, and card payments spanning 300+ payment methods.

Traffic data shows how heavily usage tilts toward emerging markets. Similarweb recorded roughly 17.04 million visits to bingx.com in June 2026. Thailand (28.2%), Kazakhstan (12.64%), Australia (12.26%), Vietnam (9.82%), and Ukraine (6.12%) supplied the largest shares. That mix reflects demand in economies facing currency volatility and limited access to traditional financial products, a pattern BingX shares with other emerging-market exchanges covered in our best crypto futures exchanges research.

Is BingX Available in Europe?

BingX still accepts users across most of the EU, but its European position has weakened. The MiCA transition period ended on 1 July 2026, and BingX does not appear in ESMA's register of authorized crypto-asset service providers, meaning it holds no CASP license to passport services across the EEA.

Its European entity, BINGX EU UAB, remains registered with Lithuania's Financial Crime Investigation Service (FCIS) as a virtual asset service provider, but national VASP registrations no longer substitute for MiCA authorization. The Netherlands is already on the restricted list, Spain's CNMV has flagged the platform, and EU users should expect further access changes while BingX's authorization status remains unresolved.

EU traders looking for a regulated venue can start with our guide to the best MiCA licensed crypto exchanges, or see how BingX stacks up against a MiCA-authorized rival in our Bybit vs BingX breakdown.

Can I Use BingX in the USA?

No, BingX prohibits US residents, citizens, and anyone physically located in the United States from using the platform, and the ban extends to every US territory and minor outlying island. The exclusion covers the entire product suite, from spot and perpetual futures to copy trading and Wealth products.

The block reflects the licensing wall built by the SEC, CFTC, and FinCEN around offshore derivatives platforms, and enforcement history against comparable exchanges makes a US entry unlikely in the near term. Attempting to bypass the block with a VPN breaches BingX's Customer Agreement, and accounts traced to US access risk suspension with funds placed in isolation.

BingX Licenses and Regulation

BingX pursues registrations market by market rather than holding a single top-tier license, and some of its claims verify more cleanly than others. Independent registry checks confirm its Australian and Lithuanian registrations, while its North American claims are harder to substantiate.

These are the key registrations BingX holds or claims:

• Australia (AUSTRAC): BINGX GLOBAL PTY LTD is registered as a Digital Currency Exchange provider with AUSTRAC (Reg. No. 644804571), covering Australian spot services.
• Lithuania (FCIS): BINGX EU UAB is registered as a virtual asset service provider under Lithuania's FCIS, though this registration does not equal MiCA authorization.
• United States (FinCEN): BingX claims a Money Services Business registration for BingX US Limited, but our search of FinCEN's MSB registrant database could not verify an active listing, and the platform does not serve US customers regardless.
• Canada (FINTRAC): BingX cites an MSB registration for its Canadian entity covering FX and virtual currency dealing, yet Canada sits on the restricted list, so the registration carries no practical benefit for local traders.

The gap between registrations held and markets served is the defining feature of BingX's regulatory profile. Its verifiable approvals are AML registrations rather than full market-conduct licenses of the kind Bybit or Kraken now hold in the EU.

BingX KYC Requirements

BingX made identity verification effectively mandatory through a KYC policy update on 19 November 2024, moving away from its earlier reputation as a loose-verification exchange. Verification runs through Sumsub and splits into Basic and Advanced tiers.

The three account states carry sharply different limits:

• Unverified: No fiat features, no deposits credited, no Launchpad or Wealth access, and withdrawals capped at 20,000 USDT per 24 hours.
• Basic verification: Requires personal details only, takes about a minute, and permits 5,000 USDT in daily deposits and 50,000 USDT monthly, with the same 20,000 USDT withdrawal cap.
• Advanced verification: Requires ID photos plus facial recognition, removes deposit limits, lifts the withdrawal ceiling to 5,000,000 USDT per day, and unlocks Quick Buy, fiat services, Wealth products, and exclusive airdrops.

Verification also fails automatically for documents issued by restricted jurisdictions, which is the main mechanism BingX uses to enforce its country list alongside IP geoblocking.

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About BingX

BingX is a centralized exchange founded in 2018 that built its name on copy trading and now positions itself as a Web3-AI company. It lists over 1,000 cryptocurrencies, more than 600 perpetual futures pairs with leverage up to 150x on BTC, and backs its AI push with a $300 million, three-year investment covering trade review, trend forecasting, and strategy tools under the BingX AI suite.

Its brand footprint expanded through sport. BingX has been a principal partner of Chelsea FC since 2024 and became the first crypto exchange partner of Scuderia Ferrari HP under a multi-year deal effective January 2026. The company also launched the BingX Card in June 2026 for crypto spending and cashback.

Security remains the platform's most scrutinized area after a hot wallet breach in September 2024 drained an estimated $43 to $52 million across multiple chains. BingX reimbursed users in full from its own reserves, resumed withdrawals within days, and subsequently established a $150 million Shield Fund alongside monthly Merkle Tree Proof of Reserves reporting showing ratios above 100% for BTC, ETH, and USDT.

Final Thoughts

BingX's country map splits along regulatory lines. The exchange is absent from nearly every strictly licensed Western market while dominating attention in Thailand, Kazakhstan, and other emerging economies.

The missing MiCA authorization is the most consequential open question, since the EU is one of the few heavily regulated regions where BingX still operates, and the July deadline has already forced rivals to choose between licensing and exit.

For traders in supported countries, BingX offers deep copy trading and derivatives coverage backed by verified reserves, but anyone in a restricted or transitioning market should treat the current access list as provisional rather than settled.