##Why is BingX Preferred?
BingX entered the market with social trading feature, which means you can copy successful traders. But its real strength is in its futures infrastructure. There are several concrete reasons why you should choose BingX for Algola:
- 150x leverage: Higher leverage than Bitget
- Copy trading: Option to automatically copy other traders' trades
- Low commission: Maker 0.02%, taker 0.05% in futures transactions
- Spot + futures: Access to both markets
- Mobile app: Full-featured app for iOS and Android
- Turkish interface: Turkish is among the platform language options
Algola currently integrates with Bitget and BingX. Which one you choose usually depends on which exchange you are familiar with before or which one your friends use.
Step 1: Signing up for BingX
To benefit from Algola's free AI trading signals, you need to register with BingX via the Algola referral link. In this way, Algola gets a share of the exchange commission and you are not charged any fees.
Registration steps:
- Go to BingX via Algola referral link
- Enter your email address or phone number
- Set a strong password
- Enter the verification code received via email or SMS
- Your account is ready
If you already have a BingX account: You need to close your existing account and re-register with a different email via the Algola reference link. You can reuse your same identity documents for KYC.
“"The reference link does not create any extra cost for you. The exchange already receives a commission and shares a portion of it with Algola. The commission you pay does not change."
Step 2: KYC (Identity Verification)
KYC is mandatory to deposit and trade on BingX. The process is completed quite quickly.
Required documents:
- Turkish identity card or passport
- Selfie for face verification
How to complete KYC:
- Click on the profile icon in the bottom right in the BingX app
- Turn on "Authentication"
- Select Turkey as the country
- Take a clear photo of the front and back of your ID document
- Complete the face scanning step
- Confirmation usually comes within a few minutes to a few hours
It may take up to 24 hours during busy periods, but this is not out of the norm.
Step 3: Deposit Money to Account
Once you receive KYC approval, you can transfer funds to your account.
Deposit via crypto:
- Go to the "Assets" section
- Open the "Deposit" option
- Choose USDT and choose TRC20 as network (lowest commission)
- Copy your BingX wallet address
- Transfer from another exchange or your wallet
Minimum balance: There is no specific minimum for Algola. But in terms of risk management, I think it makes sense to start with at least 100-200 dollars. It can be done with less, but the risk calculations per transaction become very small and it becomes difficult to obtain a meaningful experience.
Step 4: Generating API Key
API connection is required for Algola to recognize your account and transmit signals. An important detail: The API never has withdrawal permissions. Your money always stays safe in your exchange.
API creation steps:
- Click on the profile icon on BingX
- Go to the "API Management" section
- Press the "Create API" button
- Enter a name for the API, you can type "Algola"
- Only enable the "Trade" option from the permissions
- Never enable shooting permission
- Copy API Key and Secret Key, note them in a safe place
“"The API key is different from your password, but it is at least as important as your password. Do not share it with anyone. No platform, including Algola, will ask you for the Secret Key directly, the connection is established through the bot."
Step 5: Connecting to Algola
The last step is to connect your BingX account to Algola. This process takes less than 5 minutes.
- Find and open the @algolabot bot on Telegram
- Send the command "/start"
- Share your BingX UID number (The number written on your profile page)
- Connect your API key in the relevant step
- Algola will verify the connection and add you to its system
Once the connection is established, Algola's AI models begin scanning the market. There are separately trained models for crypto, US stocks and commodities. When it detects a suitable price action setup, a signal is sent to you via Telegram. The entry point, Take-Profit and Stop-Loss levels appear automatically with each signal.
Things to Consider in BingX
Be Cautious About Leverage
BingX offers up to 150x leverage. This figure may seem very tempting, but it is much healthier to go with 3-5x in the beginning. High leverage magnifies both gains and losses and can reset the account when a Stop-Loss is missed.
Two-Factor Authentication (2FA)
I think this is mandatory for account security. I can explain how to activate it as follows:
- Download Google Authenticator or Authy app
- Find 2FA in BingX security settings
- Scan the QR code and enter the code generated in the app
- Save backup codes in a safe place
###Commission Structure
- Spot transaction: Maker 0.1%, Taker 0.1%
- Futures: Maker 0.02%, Taker 0.05%
- Extra discount is applied when paying with BingX's own token
Common Problems
"KYC rejected": Make sure the photos are clear. The information on the ID must be readable. Photos that are too bright or too dark can cause rejection.
"API connection not working": Check that the Trade option is active in the API permission. Sometimes it may be necessary to refresh the BingX API management page.
"Reference code not visible": Make sure you go directly through the Algola referral link when registering. The reference code cannot be added after registration is completed.
"I can't find the UID": Go to your profile page in the BingX app. Right below your username is your UID number, which consists of numbers.
BingX or Bitget?
We get this question a lot. I think both are good choices, but there are some differences.
BingX offers richer options for those who want social trading and copy trading. I find the interface a little more user friendly. Bitget, on the other hand, is a more established platform and has a slightly more advanced structure in terms of access to American stocks.
In terms of Algola, there is no difference between the two. You get the same AI signals from both exchanges, working with the same success rates. You can use whichever you already have an account with or whichever you feel more comfortable with.
Conclusion
BingX registration, KYC, API setup and Algola connection are completed in 10-15 minutes in total. After this short installation process, Algola's artificial intelligence models start scanning the market for you 24/7 and generating price action-based signals.
Each signal comes with automatic Stop-Loss and Take-Profit, so you know from the beginning how much you want to earn and how much you are willing to lose. This discipline is very valuable, especially at the beginning stage.
All this is completely free. Thanks to this model, which works with the stock exchange reference commission, you can access professional AI trading signals at zero cost.
