How to Deposit on BingX: 8 Methods from Upbit to USDT Transfer

Getting started with BingX can feel overwhelming at first. You need to create an account, verify your identity, and figure out how to actually get your funds onto the platform. If you're coming from Upbit, one of Korea's major exchanges, the process involves transferring USDT (Tether) between platforms—and if you don't follow the right steps, you could lose your assets or face frustrating delays.

This guide walks you through the entire onboarding process for BingX, from account creation to your first successful deposit. We'll focus on the most common scenario: transferring USDT from Upbit to BingX safely and efficiently.

Setting Up Your BingX Account

Before you can deposit anything, you need a BingX account. The registration process is straightforward—you can sign up using either your email address or phone number, whichever you prefer.

Once you click through to the registration page, you'll need to create a strong password. After setting your password, click the "Claim Reward" button. This triggers an authentication code to be sent to your email or phone. Enter that code, and your BingX account is officially created.

The platform offers competitive fee structures, which can add up to significant savings over time if you're an active trader. Many exchanges advertise fee discounts, but it's not always clear if they're actually applied. With BingX, you can track your fee rebates at scheduled intervals, making the benefits more transparent and tangible.

Completing KYC Identity Verification

Here's where things get a bit more involved, but it's essential for account security and unlocking full platform features. Without completing KYC (Know Your Customer) verification, you'll face limitations even after depositing funds.

First, download the BingX app from the Play Store or App Store. Once installed, open it and tap the person icon in the upper left corner, then select "Log In." Use the credentials you just created during registration.

Important note: When logging in, you must click "Get Code" to receive your authentication number. Don't skip this step or you won't be able to access your account.

After logging in successfully, navigate to the "Verification" menu at the bottom of the screen and click "Verify Now." Since you're not a US resident, select "Non-US" when prompted.

For identity verification, you'll need to photograph an official ID document. You can choose from:

• National ID card

• Passport

• Driver's license

Pick whichever is most convenient. Make sure the photo is sharp and clear—no blurriness or glare covering the text. The system needs to read your information accurately.

Next comes the selfie verification. Remove any glasses or hats, position your face within the circle on screen, and look directly at the camera. The system will automatically capture the image when everything is properly aligned.

Once you submit both your ID and selfie, BingX will review your verification. This usually doesn't take long, and you'll be notified when your account is fully verified.

Transferring USDT from Upbit to BingX

Now for the main event—actually getting funds onto BingX. If you already hold USDT on Upbit, the transfer process is relatively simple, but network selection is critical.

Start by opening Upbit and navigating to the deposit/withdrawal tab. Find Tether (USDT) in your asset list and click "Withdraw."

Here's where you need to pay attention: network selection matters. Ethereum network transfers come with high fees that can eat into your funds. The Tron network (TRC20), on the other hand, offers free transfers. Always select Tron to save on transaction costs.

Now switch over to the BingX app. Tap "Assets" in the lower right corner, then select "Deposit" followed by "Cryptocurrency." In the search bar, type "USDT."

For the network, choose "Tron (TRC20)"—this must match what you selected in Upbit. Copy your BingX deposit address carefully. Double-check that you've copied the entire address with no missing characters.

Paste this address into the withdrawal field on Upbit. Before confirming, verify once more that:

• The network is set to Tron (TRC20) on both platforms

• The deposit address is correct

• You're withdrawing USDT, not another asset

After submitting the withdrawal request on Upbit, you'll need to complete two-factor authentication. Once that's done, your USDT will be on its way to BingX.

The transfer typically completes within minutes, though it can occasionally take longer depending on network congestion. You can track the transaction status on both Upbit and BingX.

Why Network Selection Matters

Choosing the wrong network is one of the most common mistakes when transferring crypto between exchanges. If you send USDT using the Ethereum network when your BingX deposit address is configured for Tron, your funds could be lost permanently or require lengthy support intervention to recover.

Always match networks exactly on both the sending and receiving platforms. When in doubt, send a small test amount first to confirm everything works correctly before transferring larger sums.

The Tron network has become increasingly popular for USDT transfers precisely because it combines speed with minimal costs. For regular traders moving funds between platforms, 👉 start trading on BingX with zero transfer fees using TRC20 network to maximize your capital efficiency.

Common Issues and How to Avoid Them

Missing funds: If your USDT doesn't appear in your BingX account within 30 minutes, first check the transaction status on a blockchain explorer. If the transaction shows as confirmed on the blockchain but still isn't reflected in your account, contact BingX support with your transaction ID.

Wrong network: Unfortunately, this usually means lost funds or a complicated recovery process. Prevention is key—always verify network compatibility before initiating transfers.

Incomplete KYC: Some users try to deposit before completing identity verification. While the funds will arrive, you may face withdrawal restrictions until KYC is complete. Always finish verification first.

Address typos: Even one wrong character in a wallet address sends your crypto into the void. Use copy-paste functions rather than manual typing, and verify the first and last characters of the address match what's shown in BingX.

Additional Deposit Methods

While USDT transfer from Upbit is the most common method for Korean users, BingX supports several other deposit options:

• Direct cryptocurrency deposits in various assets beyond USDT

• Credit/debit card purchases (though these often come with higher fees)

• Bank transfers in supported regions

• Third-party payment processors

The right method depends on your location, the assets you already hold, and your fee tolerance. For most users already active in crypto, transferring existing holdings remains the most cost-effective approach.

Getting Started with Trading

Once your USDT arrives in your BingX account, you're ready to start trading. The platform offers spot trading, futures, copy trading, and various other products. If you're new to the platform, consider starting with smaller positions to familiarize yourself with the interface before committing significant capital.

For active traders, 👉 exploring BingX's advanced trading features and competitive fee structure can provide advantages over other platforms, especially when combined with the fee rebate program.

The key is taking it step by step. Set up your account properly, verify your identity, transfer funds carefully with the correct network, and you'll be positioned to take advantage of everything BingX offers. Don't rush through the setup process—a few extra minutes of careful attention now prevents hours of headaches later.