For the security of users' funds, BingX adheres to compliance standards by integrating the AML (Anti-Money Laundering) system, regularly releasing Proof of Reserves (PoR), and offering various monitoring and notification features to keep users updated on their account status. This article will cover BingX's AML, PoR, account activity monitoring, security notifications, and abnormal withdrawal review and provide usage recommendations.
1. Anti-Money Laundering (AML)
AML helps institutions combat money laundering and terrorist financing. BingX abide by AML policies and integrates industry-leading AML systems, rejecting any funds from illegal sources.
Proof of Reserves (PoR) is a method used to verify that the assets held by an exchange match its claims. BingX guarantees to safeguard customers' funds, which are 100% backed by reserve funds. And we will publish our Merkle Tree on the 1st and 15th of each month. We also employ multiple reputable auditing firms for auditing.
Tip: If you have any concern over if users' funds are being misused, you can visit BingX's 100% Proof of Reserves page to verify your account funds.
3. Real-Time Monitoring of Recent Account Activities
Users can view their recent login records and verification option change logs to investigate if there's any unusual activity.
Tip: Regularly check your login information and inspect whether recent login devices and IP addresses are familiar. If you notice any anomalies, immediately lock your account and contact online support.
4. Security Notifications: Stay Updated on Account Activities
BingX sends notifications about account security and fund-related activities to the linked email or phone number.
Tip: Enable email and SMS notifications and check them in time to avoid missing alerts about unusual account activity.
BingX’s risk detection system analyzes user activities in real-time, conducting manual reviews of activities deemed to pose security risks to ensure account security.
Tip: Try to use your account with consistent devices and IP addresses to minimize the chances of triggering manual reviews.