BingX basic kyc level

[hugeblack]

I recently heard about BingX and with a little research I found that they allow you to trade up to 5,000 USDT per day without having to complete KYC verification.


https://bingx.com/en/support/articles/4576854622361/


Has anyone tried this service before and faced any issues or been asked to complete identity verification?

[Charles-Tim]

When I registered on the site, I was requested to go for basic KYC verification when I clicked on deposit .


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This is the basic verification:


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It requires identity verification.

[rdluffy]

I'm using BingX for some time, and without any KYC
I use it on average about 4 times a month to deposit, make a trade and withdraw again, and I even logged into the account today to see if it was asking for KYC, but it isn't yet

When I registered on the site, I was requested to go for basic KYC verification when I clicked on deposit .
...

Maybe it's because your country
Is it compulsory to have KYC on exchanges in Nigeria?

[hugeblack]

It requires identity verification.

They ask for data but they don't ask you to attach an ID photo, in other words you can write anything.

I'm using BingX for some time, and without any KYC
I use it on average about 4 times a month to deposit, make a trade and withdraw again, and I even logged into the account today to see if it was asking for KYC, but it isn't yeta?

Are the trading conditions/fees good, and can you deposit and withdraw without any problems? I see that you can withdraw even if you do not want to do KYC which means that they are less strict. I see that the KYC option was added during the past months, so have you noticed any tightening in data request?

[Charles-Tim]

Maybe it's because your country
Is it compulsory to have KYC on exchanges in Nigeria?

No, it is not because of my country. There are exchanges that I use that will not request for verification that will require providing identity documents number or identity document.

They ask for data but they don't ask you to attach an ID photo, in other words you can write anything.

Are you able to write anything or you guess it? I decided not to continue the verification as it demanded for ID number. Some exchanges can easily verify it. Also on the exchange, it is written that anything I input there can not be changed but remain permanently. I will prefer not to use this kind of exchange unless I wish to later get verified and input the ID number correctly.

Are the trading conditions/fees good

Spot maker fee: 0.1%
Taker fee: 0.1%

Future maker fee 0.02%
Taker fee: 0.05%

These are for VIP 0. If you increase in VIP, the fee will be reduced.

[hugeblack]

Are you able to write anything or you guess it? I decided not to continue the verification as it demanded for ID number. Some exchanges can easily verify it. Also on the exchange, it is written that anything I input there can not be changed but remain permanently. I will prefer not to use this kind of exchange unless I wish to later get verified and input the ID number correctly.

I have never completed KYC before but I tried it once in OKX where I completed the data randomly and everything was accepted, you can modify it in the future>


in general bingX has the possibility of withdrawing up to $20,000 if you do not want to complete KYC so I do not think it will be a problem (according to the terms of use)


Regarding the fees I was asking if there were any hidden fees or bad exchange rate, but I remembered that a few weeks ago the service was hacked so I am now looking for new alternatives.

[Charles-Tim]

Regarding the fees I was asking if there were any hidden fees or bad exchange rate, but I remembered that a few weeks ago the service was hacked so I am now looking for new alternatives.

You can use Mexc, BitMart or Coinex.

BitMaxz posted about Coinex here on the other forum: https://bitcointalk.org/index.php?topic=5512011.msg64602133#msg64602133. I have not used it before.

I know about Mexc and BitMart.

Registration on Mexc is just your email and password. Nothing more than that. Daily withdrawal limit is 10 BTC
 

After registration on BitMart, you will be required to input your country of residence, your name and date of birth. Nothing more than that. Daily withdrawal limit of 0.5 BTC.

Mexc is recommended. Lower trading fee and lower withdrawal fee. No other information than email and password.

Trading fee on BitMart:




Trading fee on Mexc:



I have withdrawn coins on both exchanges several times before.

BitMart support lightning network.

[rdluffy]

...

Are the trading conditions/fees good, and can you deposit and withdraw without any problems? I see that you can withdraw even if you do not want to do KYC which means that they are less strict. I see that the KYC option was added during the past months, so have you noticed any tightening in data request?
[/quote]

Charles-Tim already wrote the fees. To me it's good and practically the same as the other exchanges I use
Withdrawal fees are also good

My limit of withdraw is 50,000 USDT daily, and to be honest, it's too much for me hehehe, never used even 1,000 daily quota and it's enough

[Charles-Tim]

Worth knowing that Mexc spot trading fee has increased and it is no more the lowest. You can see it from the screenshot I take on the exchange




The future trading fee still remain the lowest.

[rdluffy]

Worth knowing that Mexc spot trading fee has increased and it is no more the lowest. You can see it from the screenshot I take on the exchange
...
The future trading fee still remain the lowest.

Still cheaper than Bingx hehehe


Source


Are you using Bitmart too?

[Charles-Tim]

Are you using Bitmart too?

We have discussed about BitMart up there. But hope you read what we have already posted? We have discussed about the trading fee on Mexc, BitMart and BingX on this thread. So I am surprised to see anyone ask such question.

You can read about it on this post: https://www.altcoinstalks.com/index.php?topic=325794.msg1665171#msg1665171

[rdluffy]

Are you using Bitmart too?

We have discussed about BitMart up there. But hope you read what we have already posted? We have discussed about the trading fee on Mexc, BitMart and BingX on this thread. So I am surprised to see anyone ask such question.

You can read about it on this post: https://www.altcoinstalks.com/index.php?topic=325794.msg1665171#msg1665171

Yes, I read your post Charles-Tim and that's why I asked you if you're using the exchange
I wanted to ask in the sense of your experience, I thought you were going to answer if you like the exchange, etc, because I never used before

You didn't have to answer me so rudely, but thank you anyway my friend

[Charles-Tim]

Yes, I read your post Charles-Tim and that's why I asked you if you're using the exchange
I wanted to ask in the sense of your experience, I thought you were going to answer if you like the exchange, etc, because I never used before

You didn't have to answer me so rudely, but thank you anyway my friend

Okay. I am sorry if you think I answered you rudely. I do not use the exchange quite often but I have used it for a while before and I stopped using it. There are many exchanges. I jump from one to another is my nature. For the time I used it, I do not have any complaints. I prefer exchanges that has lower trading fee and that is also reputed. Although, the trading fee on BitMart is not that high, it is similar to the trading fee on many exchanges.

[rdluffy]

Yes, I read your post Charles-Tim and that's why I asked you if you're using the exchange
I wanted to ask in the sense of your experience, I thought you were going to answer if you like the exchange, etc, because I never used before

You didn't have to answer me so rudely, but thank you anyway my friend

Okay. I am sorry if you think I answered you rudely. I do not use the exchange quite often but I have used it for a while before and I stopped using it. There are many exchanges. I jump from one to another is my nature. For the time I used it, I do not have any complaints. I prefer exchanges that has lower trading fee and that is also reputed. Although, the trading fee on BitMart is not that high, it is similar to the trading fee on many exchanges.

No problem 
Thank you for your reply

I've only used Bingx and Mexc, but since you mentioned this exchange, I'm going to sign up as well to have another option when I need it.
I always like to have options because when the exchange is without KYC we always have the risk of them quickly requiring KYC and ceasing to be an option for those who do not want to do KYC.

I'll post my impressions here when I use it

[libert19]

Has anyone tried this service before and faced any issues or been asked to complete identity verification?

I have used BingX before precisely because they didn't require kyc. I don't remember much details now, but it was some shitcoin, couldn't trade anywhere else so had to use Bingx, it was not much money, token could be worth couple hundred dollars at max, sold it, withdrew the money — no kyc triggered.