Platform token holders receive additional privileges and benefits in the form of discounts on trading commissions and platform rewards. After analyzing the work of the crypto exchange, user reviews about it and legal information, we came to the conclusion that Beaxy is not a scam. The platform has been working steadily since 2019 and during this time has managed to gain the trust of traders all over the world. If you are looking to get in on the bull market that has arrived in Crypto Trading, Beaxy Exchange is the place to be. Beaxy is a U.S.-based cryptocurrency exchange that allows you to buy, sell, and trade popular cryptocurrencies like bitcoin and ethereum, in addition to 35 other cryptocurrencies. Online crypto trading is taking the financial world by storm, which is why Beaxy has incorporated trading bots like Gunbot and Hummingbot into its spot-priced cryptocurrency ecosystem.
Special Features
It is our aim to help educate the masses with our simple layout and format. We have news, reviews, price charts, how to guides for Trading and Analysis and more. Another thing that the review team had found noteworthy is Beaxy’s custody wallet that allows for the storage of all its clients’ coins.
- It incorporates a range of attractive features with more expected to be added over the coming months and years.
- These features are optimum transaction speed, advanced order structures, tight level of security, exciting bonuses and programs, and full-time customer assistance.
- Discounts on exchange trading fees can be obtained by holding a certain level of daily trading, as well as holding a certain number of BXY coins on your balance.
- The loyalty rewards payout for this day will be $2,500, and this balance is displayed on the Loyalty Rewards page as a “Pending Balance”, and changes everyday once the calculations are performed at midnight.
- If there are also 10 million BXY tokens locked up in various accounts on Beaxy, there will be 10 million PLS tokens in circulation.
The Advantages of Trading with Beaxy
The security measures on Beaxy are brought to you by Curv – a security provider that specializes in decentralized methods of protecting your transactions. What it means is that your data will basically flow through a dedicated blockchain network, although without the usual flaws of the decentralized approach. It is currently headquartered in St. Kitts & Nevis in the Caribbean Islands. Before it completely made its services available, it first launched an Initial Coin Offering in 2018. Withdrawal of earnings at the exchange is carried out in the reverse order. Select the currency for withdrawal, specify the withdrawal amount and payment details.
Deposit and Trading Fees
The exchange will issue you an order form, which is then transferred to an order book. This order book is where all cryptocurrency transactions on Beaxy are listed, including purchasing, selling, and even exchanging crypto. The matching engine will fix your order up with another to complete the transaction. Once the trade has been executed, your cryptocurrency will be sent to your account.
A Brief History of the Cryptocurrency Exchange Platform
This is a membership program that lets investors increase their BXY token rewards and Bitcoin rewards for up to 30%. This program has a built-in customer support team that will assist the trader https://traderoom.info/ with anything. The PLS token is an exclusive token to the Beaxy exchange, you can only trade your BXY tokens for this token and when you receive it you can lock them up for a certain time.
Once the site accepts the user’s registration, he or she would be getting an email confirmation which he or she will be required to click to be redirected back to the site. The redirection is needed so that the user would be led back to login to the newly-created account to undergo yet another process called the Know Your Customer (KYC) protocol. Binance U.S. was launched by its parent operator Binance in September 2019. In an effort to avoid penalties from U.S. regulators, Binance created an exchange that could be located in the United States and comply with KYC/AML regulations.
The fee structure and various incentives should prove successful in helping to attract users to the platform and improve the validity of the BXY token. The exchange also incorporates TradingView charts with a full range of technical indicators, and trading analysis, data research, and back-testing services from OneMarketData. To transfer funds, you’ll need to click on the “My wallets” tab at the top right of the screen, and select your preferred currency and click on the + icon next to it. From here you can click the Mati “Verify me” button, and choose your preferred language.
If disputes arise, the parties must resolve them through pre-trial proceedings. The time limit for settling a claim is 90 days from receipt of the claim. If the parties are unable to resolve the dispute during the pre-trial proceedings, it will be referred to arbitration by by location administration of the cryptocurrency exchange (Cook County, Illinois, USA). When registering on the site you agree to give the administration of the service the requested information for identity verification.
The exchange uses two-factor authentication (2FA) and is compatible with both Google and Authy Authenticators. The platform aims to provide traders with a comprehensive service that appeals to both newer traders and more experienced participants. Our user interface is customizable and can be optimized for beginners and experts alike. beaxy exchange review Get started on Beaxy to maintain seamless access to everything that the future of cryptocurrency has to offer. Beaxy is a powerhouse platform that is well-suited from manual and automated trading strategies. Generate API keys in your account and connect them to popular trading bot platforms like Gunbot, Hummingbot, and Autonio.
If you want to learn all its services and whether or not you should create a Beaxy account, stick around for this in-depth Beaxy review. Beaxy employs institutional accounts for those who want to register as a business. There are severe perks of activating an institutional account such as a personal representative, advanced APIs, as well as very high withdrawal limits of up to 100 BTC per day.
In the future, the team behind the platform aims to add some very interesting features, such as OTC trading capabilities, margin trading, and portfolio management. The order panel and trade history are placed on the left, while the right is reserved for the order book. You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access. It’s also important to note that Beaxy will have an exclusive partnership with OneTick, its flagship software, a comprehensive suite for time-series data management, real-time event processing, and analytics. This means that no other crypto exchange will have access to this technology. To begin putting Signals into action on the web-based platform, scan through the assets listed on Beaxy Exchange.
IP whitelisting is also featured and once set up, when you try to log in to your account for the first time from a new location, access will be denied and a red “IP Whitelist” message will appear. You will be sent an email with a verification link that will allow you to access your account from the new IP address. Cryptocurrency exchange on the platform is available after registering and making a deposit. The platform offers traders several types of orders to maximize profits during exchange (How to make money on cryptocurrencies).
Other security features that it prides itself with are unique withdrawal addresses and IP whitelisting. Exchanges with low technological capabilities tend to malfunction when trade volumes increase. In Beaxy, it is not the case since it functions with the help of a database with minimal latency. With this kind of technology, the platform is able to process larger volumes of requests per second, with transactions taking up just 1ms to complete.