BingX P2P · Live Rates & Volume
BingX P2P is a relatively new entrant. Often the cheapest BUY-side prices when their merchants are running promotional spreads.
About BingX P2P
BingX P2P is a relatively new entrant. Often the cheapest BUY-side prices when their merchants are running promotional spreads.
On any P2P exchange, you trade directly with another individual; the exchange acts only as escrow. BingX holds the crypto in custody until the seller confirms that fiat payment landed off-platform (UPI, IMPS, bank transfer, etc.). Counterparty risk is on the payment rail, not the platform — always check completion rate and order count before committing.
What BingX is good at
Aggressive promotional spreads from merchants building reputation — cheapest BUY price often appears here during promotion windows. 0% trading fees.
Trade-offs: Smaller and newer P2P market. Liquidity drops sharply outside top fiats. Reference data only.
BingX fees + KYC
0% trading fees on most P2P markets. KYC required above unverified limits.
Fiat markets on BingX
| # | Market | Best Buy | Best Sell | Buy ads | Sell ads | Total ads | Payment rails |
|---|---|---|---|---|---|---|---|
| 1 | 🇺🇸USDT/USD | $1.00 | $1.30 | 4.6K | 2.0K | 6.6K | 176 |
| 2 | 🇷🇺USDT/RUB | ₽77.70 | ₽80.41 | 3.6K | 2.3K | 5.9K | 48 |
| 3 | 🇪🇺USDT/EUR | €0.86 | €0.93 | 1.6K | 1.3K | 2.9K | 67 |
| 4 | 🇺🇦USDT/UAH | ₴45.34 | ₴44.83 | 1.3K | 1.0K | 2.3K | 51 |
| 5 | 🇮🇳USDT/INR | ₹91.00 | ₹103.50 | 959 | 821 | 1.8K | 20 |
| 6 | 🇻🇳USDT/VND | ₫26,359.00 | ₫26,345.00 | 625 | 336 | 961 | 22 |
| 7 | 🇹🇷USDT/TRY | ₺49.40 | ₺46.25 | 346 | 339 | 685 | 25 |
| 8 | 🇬🇧USDT/GBP | £0.78 | £0.78 | 246 | 420 | 666 | 40 |
| 9 | 🇦🇷USDT/ARS | $1,497.00 | $1,501.00 | 196 | 421 | 617 | 22 |
| 10 | 🇦🇪USDT/AED | د.إ3.98 | د.إ3.90 | 35 | 422 | 457 | 34 |
| 11 | 🇵🇭USDT/PHP | ₱62.39 | ₱61.56 | 147 | 290 | 437 | 27 |
| 12 | 🇯🇵USDT/JPY | ¥174.00 | ¥179.00 | 143 | 286 | 429 | 14 |
| 13 | 🇮🇩USDT/IDR | Rp18,170.00 | Rp17,918.00 | 114 | 312 | 426 | 21 |
| 14 | 🇪🇬USDT/EGP | 48.70 | 52.25 | 113 | 275 | 388 | 25 |
| 15 | 🇵🇰USDT/PKR | ₨288.40 | ₨295.00 | 136 | 250 | 386 | 19 |
| 16 | 🇺🇿USDT/UZS | 13,050.00 | 12,230.00 | 186 | 188 | 374 | 26 |
| 17 | 🇳🇬USDT/NGN | 1,375.00 | 1,376.00 | 226 | 140 | 366 | 20 |
| 18 | 🇰🇿USDT/KZT | 545.00 | 505.00 | 98 | 246 | 344 | 17 |
| 19 | 🇸🇦USDT/SAR | 4.29 | 4.51 | 74 | 238 | 312 | 22 |
| 20 | USDT/COP | 3,631.00 | 3,626.00 | 104 | 181 | 285 | 15 |
| 21 | 🇹🇭USDT/THB | ฿36.70 | ฿34.06 | 114 | 159 | 273 | 24 |
| 22 | USDT/MXN | 17.40 | 17.27 | 92 | 158 | 250 | 19 |
| 23 | USDT/PEN | 3.48 | 3.43 | 38 | 174 | 212 | 11 |
| 24 | 🇧🇷USDT/BRL | R$5.13 | R$5.05 | 80 | 128 | 208 | 14 |
| 25 | 🇿🇦USDT/ZAR | 18.00 | 16.25 | 1 | 175 | 176 | 15 |
| Σ | Total · 25 fiat markets | — | — | 15.1K | 12.7K | 27.8K | 794 |
Frequently asked questions
What is the live BingX P2P rate?+
BingX hosts 657 buy ads and 3.7K sell ads in the last 24 hours, with combined daily volume of $27.24M. The exact prices vary by fiat — see the per-fiat comparison table above or browse the per-market pages.
Why does BingX P2P sometimes have the cheapest BUY price?+
BingX is a newer entrant and merchants compete aggressively to win volume — promotional spreads regularly undercut larger venues by 0.2-0.5%. The trade-off is smaller liquidity, so the cheap price might only support a single retail-sized order before the next-best ad.
How does BingX compare to other P2P exchanges?+
BingX ranks #8 on the OpenRate global leaderboard with a composite score of 133. Higher scores indicate larger combined ad volume + total trading volume + active merchant depth. The full leaderboard is available on the OpenRate exchanges page.
Where does OpenRate get this data?+
BingX aggregate numbers come from p2p.army's market-rating snapshot, which we pull every 30 minutes. We don't currently crawl BingX's public P2P API directly — adding that crawler is on the roadmap.