BingX Futures Trading Method | Sign Up | KYC Verification
In this blog post, we will explore the procedures for BingX futures trading, as well as how to sign up and complete KYC verification. Futures trading offered by BingX is one of the key features of this platform, along with copy trading. While leveraging can allow you to expect high profits with small capital, it also entails significant risk, making thorough preparation essential. The stage you must go through before starting futures trading is complete account setup. You cannot use the futures trading function simply by signing up, and you must complete KYC identity verification to be granted all trading functions and withdrawal rights. This article guides you through the entire process to safely start futures trading on BingX. It systematically explains everything from how to sign up and verify KYC to opening a futures account, the basic principles of leverage setting, and the key elements of risk management.
How to Sign Up for BingX
Let's learn how to sign up for BingX. First, click on the commission discount link below.
The basic step is to enter your email address and password. The password must include uppercase and lowercase letters, numbers, and special characters.
Next is the email verification step. The verification code must be entered within 5 minutes, and please check your spam folder as it may be categorized there.
If you proceed this far, the basic sign-up process is completed.
BingX KYC Verification Method
Now, let's look at the KYC verification method on BingX. You must select one from a resident registration card, driver's license, or passport. Driver's licenses have the highest recognition rate, and resident registration cards can be a bit tricky because of the coating.
The next step is to upload an ID. Your ID is recognized well if you take the picture in a dark place. There may be difficulty due to light reflection under fluorescent lights, so I succeeded at once by taking it in the bathroom.
The next step is facial recognition. You must not wear a mask, sunglasses, or a hat, and you must take a selfie facing forward. Your face is recognized well if you lift your bangs and take a picture in a bright place.
BingX Futures Trading Method
Now, let's look at how to trade futures on BingX. It's not as difficult as you think.
First, you can start trading immediately by going to the Future tab.
Next is the step of choosing between Cross and Isolated modes. Beginners must use Isolated mode. Cross mode is risky because the entire account is used as collateral, and Isolated mode is safer because you can only trade a set amount. For example, if you have 1 million won, if you isolate and use only 100,000 won, your maximum loss is limited to 100,000 won.
The next step is setting leverage. BingX allows up to 125x, but this comes with very high risk. If you use 125x with 1 million won, you will trade 120 million won, and you could lose your margin with just a 1% fluctuation. Beginners should start with 2-3x. Long positions are used when you expect the price to rise, and short positions are used when you expect it to fall. The advantage is that unlike spot trading, you can make a profit with a short position even in a bear market.
Finally, it is the step of setting limit and market orders. A limit order is setting a trade at the desired price, and the commission is low. Market orders are executed immediately, but the commission is relatively high. It is good to use market orders when you are in a hurry. Finally, what you should consider very importantly is leverage management. Please be sure to use the StopLoss function. This is a function that automatically sells when the loss reaches a certain level.
