comparison · CEX (no/threshold KYC)
BingX vs CoinEx
Both are listed in CEX (no/threshold KYC). The table below pulls directly from each service’s data sheet; see each entry for sourcing.
| Field | BingX | CoinEx |
|---|---|---|
| KYC | tiered KYC | tiered KYC |
| Category | CEX (no/threshold KYC) | CEX (no/threshold KYC) |
| Jurisdiction | Singapore (operator-disclosed) | Hong Kong (operator-disclosed) |
| Payment methods | crypto, card (via partners) | crypto |
| Fiat on-ramp | yes | no |
| Custodial | yes | yes |
| Open source | no | no |
| Founded | 2018 | 2017 |
| Last verified | Jan 1, 2026 | Jan 1, 2026 |
BingX — summary
BingX is in the same "tiered KYC" bucket as MEXC — usable without identity verification up to threshold, with the thresholds subject to change.
- + Liquid derivatives market alongside spot.
- + Mid-tier KYC thresholds usable for moderate-volume retail use.
- − Centralized custody.
- − Tier limits and KYC enforcement are operator-managed and have shifted.
- − Facts need re-verification by operator (last seeded 2026-01).
CoinEx — summary
CoinEx is one of the older mid-tier CEXes that has been usable without KYC up to thresholds.
- + Long operating history; one of the older Chinese-roots CEXes.
- + Decent spot coverage on mid-cap listings.
- − Custodial exposure.
- − Tier thresholds and KYC enforcement are operator-managed and have moved.
- − A September 2023 hot-wallet hack (~$70M reported) is the most material historical incident; user funds were reimbursed but it is the kind of event that informs operator risk-aversion thereafter.
When to choose which
Treat this section as heuristic. Privacy properties depend on how you use the service, not just which one you pick.
- Choose BingX if liquid derivatives market alongside spot..
- Choose CoinEx if long operating history; one of the older chinese-roots cexes..
- Either way, re-check the entry’s last verified date — the CEX (no/threshold KYC) category churns.
Compared as of .