Latest News: BingX Subaccount System Upgrade
What is a subaccount?
Subaccounts allow users to trade through multiple accounts without signing up for a new account. They can be used for fund segregation and trading with different strategies. Users can use subaccounts like the main account to post and comment within the copy trading community, as well as copy trading.
Who can benefit from subaccounts?
Subaccounts are suitable for those who trade with multiple strategies, need to separate assets for risk management purposes or use multiple accounts for copy trading.
What are subaccounts used for?
- Subaccounts are mainly used for Spot Trading, Futures Trading, Grid Trading, Copy Trading, etc. After creating a subaccount, users can switch to the subaccount for trading or create an API for the subaccount under the main account to execute API trades.
- Subaccounts can function as independent accounts. Users can apply to be a trader, post and comment within the community, and share trades with subaccounts.
- Subaccounts cannot perform non-trading activities such as deposits, withdrawals, buying cryptos, or participating in events.
How to create a subaccount?
On the BingX website, users can hover their mouse over their avatar icon, and a dropdown menu will appear. They can create a subaccount by either clicking "Switch Account" or "Sub Accounts".
Note: Users must complete advanced KYC verification to create subaccounts.
How to switch to a subaccount?
On the BingX website and in version 3.58 of the BingX app, users can click on "Switch Account" under their avatar icon to switch to a subaccount and carry out trading operations accordingly.
FAQs
1. How many subaccounts can be created at most?
Each user can create up to 20 subaccounts.
2. Does the VIP level of the main account apply to subaccounts?
Yes, subaccounts share the same VIP level as the main account. User's VIP level is determined by the combined cumulative trading volume or total assets of both the main and subaccounts.
3. If a subaccount triggers forced liquidation, will it affect the main account?
No. The funds and orders of the main account and each subaccount are separated from each other. The trading risk of one account will not affect other accounts.
4. Can I receive commissions on trading fees of a subaccount created by a user I referred?
Yes. The commission data includes the trading volume and commissions from the main account and all subaccounts.
5. Do subaccounts need to do KYC verification?
No. Only the main account needs to undergo KYC verification. After the main account completes KYC, the main account and subaccounts will share the same KYC identity.
6. Can subaccounts get voucher rewards in the Rewards Hub?
No. Subaccounts cannot participate in events or get rewards in the Rewards Hub. Currently, subaccounts also cannot receive rebate vouchers, Bonuses, subsidy vouchers, and other types of vouchers.
7. Will the trading volume of subaccounts be included in the events participated by the main account?
No. Only the trading volume of the main account is counted toward the events it participates in.
8. Can subaccounts receive notifications?
Messages sent to subaccounts can be viewed in the BingX app and web. Since subaccounts do not have their own phone numbers or email addresses, they are unable to receive notifications through text messages or email.
9. Do main account and subaccounts share position limits?
Position limits for subaccounts are calculated separately from the main account. Typically, the position limits for both main and subaccounts are the same.