Stay Vigilant against Trading Risks and Scams
Derivatives trading comes with high risks and digital currencies are highly volatile assets. High leverage, if applied, will further increase risks. Please pay attention to risk control and use leverage carefully. BingX advises users to avoid any trading behaviors beyond their control to prevent any unnecessary losses.
Please be aware that the digital currency sector is a mixed bag. Stay cautious and alert to scams. There are no 100% winning traders or "masters" in the trading market. Leaving control of your assets to strangers is even riskier.
Read Carefully the Common Risks in Derivatives Trading Listed Below
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1. Risk Warning on the Price Volatility of Underlying Assets
Digital assets are highly risky as underlying assets, which may result in partial or total loss. Users are advised to exercise caution and to carefully consider their trading ability and risk tolerance before making any trading decisions.
2. Risk Alert on High Leverage
Please apply leverage in trading with caution. While bringing more potential benefits, it will also increase your loss risk.
3. Risk Alert on OTC Trading
If you are interested in buying cryptos, please visit BingX’s website at https://bingX.com/en-us/buy and buy from the corresponding service provider. Please refrain from purchasing cryptos via any platforms that are not associated with or a part of BingX's partner list. (Currently, BingX has partnered with Banxa, MoonPay & XanPool on fiat on-ramp.) Buying crypto on OTC trading platforms poses great security risks and may easily cause asset loss. Please be aware of the risks involved in asset management and do not take any risky chances.
4. Common Fraudulent Cases Public Announcement
Please guard against scammers promising high returns with account operation, impersonating your friends, initiating online relationships, sending fake tokens, etc.
5. How to Enhance Account Security
Please enable Google Authenticator and never reveal your passwords to others. BingX officials will never ask users for passwords. Please don't share accounts with any unkown person.
6. Reminder: Remain Cautious of Account Information Stealing
Please be cautious of some phishing websites and APPs that counterfeit BingX’s. Never click on any non-official suspicious-looking links, nor download any non-official APPs. To ensure your asset security, please be sure to operate only on our official website bingX.com.
7. Risk Alert: Phishing Attacks on BingX
a. BingX Statement on Plagiarism
b. Risk Alert on Downloading of BingX From Non-official Channels
c. Risk Alert on Non-official Accounts/Communities