BingX Restricted Countries

According to the BingX Disclaimer and Customer Agreement, the platform restricts access in over 20 countries and regions due to compliance, sanctions, and regulatory reasons.

Below is a list of the key restricted jurisdictions where users are not permitted to use BingX:

• United States (including all US territories): Restricted due to strict SEC, CFTC, and OFAC regulations governing crypto trading and financial services.
• United Kingdom: Blocked following FCA regulations that ban the marketing and operation of certain crypto derivatives platforms.
• Mainland China: Restricted, as the Chinese government enforces a blanket ban on cryptocurrency exchanges and related trading activity.
• Singapore: Prohibited because of MAS licensing requirements and restrictions on unlicensed crypto derivatives providers.
• Canada: Restricted since national securities regulators have imposed heavy compliance demands and enforcement against non-registered platforms.
• Netherlands: Blocked following Dutch AFM and DNB rules, particularly related to anti-money laundering and local crypto registration laws.
• Hong Kong SAR and Macau SAR: Prohibited due to recent SFC and monetary authority frameworks limiting overseas platforms from serving residents.
• Ukraine (Crimea, Donetsk, Luhansk regions): Restricted because of international sanctions and conflict-related financial restrictions impacting cross-border trading.
  

BingX Supported Countries

BingX is available in over 160 countries worldwide, serving a global community of more than 20 million users according to company reports. Some of the most notable supported regions include Europe, Australia, Japan, Latin America, and parts of Africa and Asia, where local users actively engage in crypto trading.

The platform supports multiple fiat options through partnerships, including EUR, CHF, JPY, and AUD deposits via Legend Trading, a licensed money service business. In addition to direct fiat deposits, users can also access crypto purchases through P2P, Quick Buy, and bank transfers across many jurisdictions.

According to Similarweb data, BingX attracts about 7.6 million monthly visits, with Brazil (24.7%), Argentina (12.64%), Korea (12.31%), Russia (10.51%), and India (8.64%) leading the traffic. The remaining 31.19% of visits come from a wide mix of other countries, highlighting BingX’s broad international reach.

BingX Licenses and Regulation

BingX states having several licenses spanning across Europe, Australia, and North America, though some regulatory claims remain unverifiable. Independent checks confirm certain registrations, while others appear inconsistent or lack publicly accessible evidence.

Here are the key licenses BingX claims to have:

• Australia (AUSTRAC): BINGX GLOBAL PTY LTD is registered as a Digital Currency Exchange under AUSTRAC, holding Reg. No. 644804571.
• Lithuania (FCIS): BINGX EU UAB is licensed as a virtual asset service provider with Lithuania’s Financial Crime Investigation Service (Reg. No. 305995741).
• North America (FinCEN): BingX claims Money Services Business registration with FinCEN, though our search through FinCEN’s MSB registrant search did not verify its listing.
• Hong Kong & Taiwan (Offices): BingX states it maintains operational presence in these regions, but no specific financial license is disclosed.

BingX KYC Requirements

BingX enforces a tiered Know Your Customer (KYC) system to improve security, comply with regulations, and provide flexible account limits. Users may remain unverified, complete Basic KYC, or upgrade to Advanced KYC, with benefits scaling accordingly.

Verification is divided into three levels, each offering distinct benefits and limitations:

• Unverified: No deposit access, capped at 20,000 USDT withdrawals per 24h, with no fiat features or launchpad eligibility.
• Basic KYC: Permits daily deposits of 5,000 USDT and monthly deposits up to 50,000 USDT, with withdrawals still capped at 20,000 USDT.
• Advanced KYC: Removes deposit limits and raises withdrawal ceilings to 5,000,000 USDT per day, unlocking fiat support and launchpad access.

KYC verification also ensures enhanced protection against fraud, supports account recovery in case of compromise, and aligns BingX with global compliance obligations. Completing KYC unlocks the full range of platform services, from Quick Buy and P2P trading to exclusive events and wealth products.

Can I Use BingX in the USA?

BingX is not available for users in the United States, as the platform explicitly restricts access due to US regulatory requirements. This includes all states and territories, making it unavailable for residents, citizens, and anyone accessing the service from within the US

The restriction is tied to strict oversight by agencies such as the SEC, CFTC, and FinCEN, which impose compliance obligations BingX does not meet. As a result, US users must look to alternative exchanges that are properly licensed and regulated in their jurisdiction.

BingX Visa and Mastercard Restriction List

BingX offers Visa and Mastercard payment service for deposits and withdrawals, but these services are not available in certain jurisdictions. Restrictions are mainly due to regulatory, banking, or compliance limitations that impact international card processing.

Below is the list of countries where Visa/Mastercard services are currently unavailable on BingX:

• Africa: Algeria, Burundi, Republic of the Congo, Democratic Republic of the Congo, Ghana, Guinea-Bissau, Liberia, Libya, Mali, Morocco, Nigeria, Sierra Leone, Somalia, South Sudan, Sudan, Tunisia, Western Sahara, and Zimbabwe.
• Asia: Afghanistan, Bangladesh, Cambodia, China, Iran, Iraq, Kyrgyzstan, Lebanon, North Korea, Pakistan, Palestine, and Yemen.
• Americas: Bahamas, Bolivia, Cuba, Ecuador, Trinidad and Tobago, United States, and Venezuela.

BingX still supports Visa and Mastercard in other regions, with specific issuing banks in countries like Austria, Belgium, France, Germany, Italy, Spain, Switzerland, and Taiwan, ensuring broader access for eligible users.

About BingX

BingX is centralized crypto exchange that was founded in 2018 with the aim of combining traditional crypto trading with new AI-driven tools. Alongside spot and derivatives, it emphasizes social trading and automation, letting beginners follow experts while advanced users tap into AI assistants.

In 2024, BingX entered sports sponsorship as the official crypto exchange partner of Chelsea FC, marking a high-profile step into mainstream visibility. The company also emphasizes security, highlighting its $150 million Shield Fund and independently verified Proof of Reserves.

Final Thoughts

BingX illustrates the divide between restricted regions, where regulatory barriers prevent access, and supported markets, where adoption keeps expanding.

Its wide international footprint shows the platform’s ability to attract users globally despite notable exclusions in the US, UK, and other blocked jurisdictions.

Ultimately, BingX’s coverage highlights both the opportunities for traders in supported areas and the limitations shaped by regulatory restrictions elsewhere.