WikiBit Exchange Exit Risk Ranking #45 — BingX: It Got a MiCA License and Hired a Former Ronaldo Teammate. Why Do Users Say, “They Freeze Your Account When You Start Making Money”?

Introduction: An Exchange with a Polished Compliance Image but Deeply Divided User Reviews　　In our previous 44 episodes, we investigated a series of exchanges, from HashKey to LBank. For Episode 45, we turn to one of the most contradictory players in the industry: BingX.　　On paper, BingX has an impressive résumé in compliance and marketing. Founded in 2018, it claims more than 10 million users worldwide across over 160 countries. In October 2026, it obtained a MiCA license issued by Austrias Financial Market Authority (FMA). It also holds ISO/IEC 27001 and PCI DSS 4.0.1 certifications, publishes monthly Merkle tree Proof of Reserves (PoR) reports, and reports a BTC reserve ratio of 146.52%. After suffering a $52 million hack in 2024, it fully compensated affected users. The exchange is also a major player in copy trading and has sponsored the Argentina national football team.　　Sounds like a rising compliance leader and a copy-trading powerhouse, right？　　But there is another side to the story.　　BingX has a Trustpilot rating of just 1.5/5. Users complain that “they freeze your account when you make money,” that they must pay “advance fees” to withdraw funds, and that the platform demands more documentation than a bank. WikiBit gives BingX a score