BingX bulletins indicate that the company has introduced the encrypted payment product BingX Card, and that users can use digital assets in accounts for daily consumption, ATM cash withdrawal and return incentive. The product connects encrypted assets to the sub-line payment network and further expands the layout of the trading platform in the payment scene.

Support for consumption, cash and mobile payments

According to company disclosures, BingX Card supports users in using encrypted assets in their daily payment scenes and can access funds through ATM. The card is also connected to Apple Pay and Google Pay to support non-contact payments.

BingX states that this product is oriented towards a broader daily use landscape, rather than just a tradable use. According to a corporate spokesperson, digital assets are being gradually extended from mere trading and investment instruments to a real financial use scenario, and payment products are one of the important components in promoting universal access.

Return incentives for early users

BingX sets a layered incentive for new card users. According to the disclosure, early applicants receive an incentive to return up to 6 per cent after having consumed a certain amount.

For platform VIP users, BingX also provides additional early bird entitlements, including higher return and exclusive cards. The scope and conditions of the incentives will be implemented in accordance with the card product rules.

  • An early user can get $5 for $20.
  • Partial return rate up to 6%
  • VIP users can obtain higher levels of exclusive rights

Free cash withdrawal from metal cards

BingX Metal Card users are entitled to a certain amount of ATM free withdrawals under the liquidity arrangement. The standard for disclosure by the company is a free cash withdrawal of up to $200 per month, with the excess charged in accordance with the rules.

At the same time, BingX indicated that the card would not charge a card and an annual fee and emphasized the transparency of the cost structure. The company wishes to use this to lower the user threshold for the payment of digital assets and the withdrawal of funds.

Additional information:BingX was founded in 2018. According to the company, its platform currently serves more than 4 million users worldwide, with operations covering spot, contract, documentary and some AI-driven products.