How to Deposit Funds into BingX: A Complete 3-Step Guide

Getting started with cryptocurrency trading on an international exchange can feel overwhelming, especially when it involves transferring funds from one platform to another. If you're using Upbit and want to move your USDT (Tether) to BingX, you're not alone—many Korean traders follow this exact path. The process requires careful attention to detail because one wrong step, like selecting the incorrect network or copying the wrong address, can result in lost funds or significant delays.

Before you can start trading, you'll need to complete three essential steps: creating your account, verifying your identity through KYC (Know Your Customer) authentication, and safely transferring your USDT from Upbit. Each stage has its own requirements and potential pitfalls. The good news? Once you understand the process, it becomes straightforward and repeatable for future deposits.

Step 1: Creating Your BingX Account

Setting up your BingX account is your gateway to accessing one of the platform's most attractive features: a permanent 45% trading fee rebate. Unlike other exchanges that offer vague discounts you can never quite verify, BingX's rebate system is transparent and trackable. Every day, you can see exactly how much of your trading fees are being returned to your account—45% of every fee you pay comes back to you automatically.

When you're ready to join, 👉 start your BingX journey with permanent fee rebates here. The registration process gives you flexibility—you can sign up using either your email address or phone number, whichever you prefer.

After clicking the registration link, choose your preferred method and create a strong password. Once you've filled in your information, click the "Claim Reward" button. This triggers a verification code to be sent to your email or phone. Enter this code to complete your registration. That's it—your BingX account is now active and ready for the next step.

Step 2: Completing KYC Identity Verification

Identity verification is mandatory for international crypto exchanges, and BingX is no exception. Without completing KYC, you'll face significant limitations on deposits, withdrawals, and trading activities. The verification process happens through the BingX mobile app, so your first task is downloading it from the Play Store (Android) or App Store (iOS).

Once you've installed the app, open it and tap the person icon in the top-left corner. Click "Log In" and enter the credentials you just created. During login, you'll need to click "Get Code" to receive another verification code—don't skip this step, as the system won't send the code automatically.

After logging in, navigate to the "Verification" section at the bottom of the screen and tap "Verify Now." The system will first ask you to confirm that you're not a U.S. resident—select "Non-US" to proceed. Next comes the identity document verification. You can use any of these three options:

• National ID card

• Passport

• Driver's license

Choose whichever document is most convenient for you. When photographing your ID, ensure the image is sharp and clear with no blurring—every character should be easily readable. Poor quality photos will result in rejection and delays.

The final step is facial recognition. Remove any glasses, hats, or accessories that might obscure your face. Position your face within the circular guide on the screen and look directly at the camera. The system will automatically capture your photo when everything is aligned correctly. Once submitted, your verification typically processes within a few minutes to a few hours.

Step 3: Transferring USDT from Upbit to BingX

Now comes the crucial part—moving your funds. This process requires precision because cryptocurrency transactions are irreversible. If you send funds to the wrong address or use the wrong network, recovery is often impossible.

Start by purchasing USDT on Upbit if you haven't already. Navigate to the deposit and withdrawal section, find Tether (USDT), and click "Withdraw." Here's where network selection becomes critical.

Important: Upbit offers multiple networks for USDT transfers, but not all are created equal. The Ethereum network works but charges expensive transaction fees that can eat into your funds. Instead, select the Tron (TRC20) network, which offers free transfers—yes, completely free. This saves you money that's better spent on trading.

Now switch over to your BingX app. Tap "Assets" in the bottom-right corner, then select "Deposit" followed by "Cryptocurrency." In the search bar that appears, type "USDT" to locate Tether. Make absolutely certain you select the same network you chose on Upbit—in this case, Tron (TRC20).

BingX will display your unique deposit address. This is a long string of characters that serves as your personal receiving wallet. Copy this address carefully—even one wrong character will send your funds into the void. Paste this address into the withdrawal field on Upbit.

Double-check everything before proceeding:

• Currency: USDT

• Network on both platforms: Tron (TRC20)

• Deposit address: Copied correctly from BingX

Enter the amount you wish to transfer and complete Upbit's two-factor authentication process. Once confirmed, your USDT will begin its journey to BingX. Most Tron network transfers complete within just a few minutes, though it can occasionally take up to 30 minutes during periods of high network activity.

You can track your deposit status in the BingX app under Assets > Transaction History. Once the funds arrive, you're ready to start trading with your newly deposited USDT.

Quick Tips for Smooth Deposits

Remember these key points to avoid common mistakes:

• Always verify that both sending and receiving platforms use the same network

• Start with a small test transaction if you're nervous about large amounts

• Never share your deposit address publicly or reuse addresses from screenshots

• Complete KYC verification before depositing to avoid withdrawal restrictions

• Save your BingX deposit address for future transfers to save time

With your account set up, identity verified, and funds successfully deposited, you're now equipped to explore everything BingX has to offer. The initial setup might seem detailed, but you only need to complete the registration and KYC once. Future deposits become much faster as you'll simply be repeating the transfer process you've now mastered.