After the disturbing events of the past few weeks in the crypto world, we at BingX sat down and set our highest goal: transparency and exchange with our community.
A first step is to get to know our community better and understand their motivation for trading. Last week we started our first feedback survey in our steadily growing German Telegram group and also gave the community the opportunity to ask us questions. In the following text we would like to share the most interesting insights with you.
In general, one can say that our German community, unlike others, is very fresh and always welcomes new members. When asked “How long have you been trading crypto?” you can see that over 86% of people have only gotten involved in the last 2 years, which is probably related to the crypto boom in early 2021.
Equally interesting was the insight that over 80% of the community found their way to BingX through Youtubers or other influencers and then stayed with us.
What makes us happy as the leading social trading platform is the fact that almost half of the community uses our Copytrading features when asked "Which trading style best describes you?"
In the second part of the survey, we wanted to find out what motivates our users and what is important to them in a good exchange.
Almost 80% of the community describe trading as a good way of earning extra income or could imagine a career as a full-time trader, while the remaining 20% see trading as an adrenaline rush and trade for the love of trading.
When asked what is the most important thing about an exchange for most users, keywords such as “security, transparency and low fees” stood out.
Finally, we want to respond to feedback from our users. In the area of copytrading, we will strive to make features even more transparent and encourage CTs to present their positions and SL/TPs more openly.
We hope that we were able to give you a little insight with the first edition of the BingX Q&A and look forward to even more participants in the second edition. Feel free to leave feedback.