Beaxy isn’t amongst the top crypto exchanges, but it is a fairly interesting choice if what you want is a deeply technological approach to trading and investing. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment. Beaxy’s customer support also includes a massive Help Center where you can find tens of valuable articles explaining how exactly to use the exchange. However, if you can’t find an answer then just head straight over to their support ticket form or live chat and they will give you an instant answer.

Beaxy Key Features

In addition to the fee reduction, BXY tokens can be allocated to Beaxy’s STK Loyalty Program. In the STK Loyalty Program, users can stake/lock their BXY for a period of one to twelve months, whichever length they choose is the interest amount they receive (ie one month gives you 1% apy, 12 months gives you 12%). They are also planning on launching a Diamond tier where those who stake over 1 million BXY tokens will receive a prorated distribution of 7% of the exchange’s average daily revenue. Beaxy would be a sensible choice for a primary exchange platform, but using it from time to time to trade particular tokens or use one of the apps is also a good idea. Beaxy is advantageous to work with exactly because they have so many different tools and instruments that can be integrated right into the trading experience very neatly.

• The security measures on Beaxy are brought to you by Curv – a security provider that specializes in decentralized methods of protecting your transactions.
• It has a clear format of charting, which can be modified with different time intervals.
• They follow all KYC/AML policies and use Curv as the custodian for users’ funds and wallets.
• Still, an online wallet no matter the level of security an exchange promises is more at risk of being hacked by cyber thieves rather than an offline wallet.
• Moreover, Beaxy’s platform is designed to handle long-term scaling and integrates other useful trading facilities such as analysis, data research, surveillance, and back-testing services courtesy of OneMarketData.
• Other articles listed on the Blog are about the STK Standard, the lightning network, and crypto portfolio indexes.

Deposit Funds

While conventional platforms appear to be daunting, Beaxy is rooted in ease of use. This means that clients get to enjoy cryptocurrency trading through a light and intuitive user interface. Apart from its simple and comprehensive design, the system is highly customizable. Speed, visibility, and favorite pairings may be modified and arranged accordingly.

So, Beaxy is perfect for those traders who want to enhance their crypto-trading experience without much effort and headache. As mentioned, Beaxy has signed many agreements over the years to allow numerous tokens and coins on their platform. These products are almost unique to Beaxy, so if you’ll find yourself in possession of a peculiar coin, it’ll likely be featured on Beaxy. As Beaxy intends to be a one-stop shop for all your crypto needs, it provides a decent selection of cryptocurrencies, with the most popular kinds including Bitcoin and Ethereum. To see the full list of tradable cryptocurrencies, you may check it on the official website.

More so, when you place your first order, you will be thrilled to use additional order types apart from the regular limit and market orders. There are various explanations and tips on how to navigate the platform placed in easy to find locations. At the top of the interface are various important factors that can help you with your ongoing trades, including statistics like the volume, bid/ask spread and percentage changes. One of the best features is the calculator used to calculate the profits and losses of certain trades that you’re thinking about making. Beaxy utilises a simple to use and intuitive UI, which is customizable and includes scrolling ticker settings for speed, visibility, and favorite pairs. There are both day and night modes available, making the trading panel easy on the eyes and presenting information and execution panels in a clean and easy-to-read manner.

Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. You can buy Bitcoin SV on Beaxy along with quite a few other cryptocurrencies. Despite these features, Beaxy has a number of challenges to overcome, for example the Loyalty Reward Program is not available to residents of the US, while fiat transfers still haven’t been enabled. It’s not nearly as big as if you would be scrupulously adding new tools to your MetaTrader 4, but these instruments are all ready to install and work together perfectly.

• The platform intends to deliver virtual coin-related solutions far better than what is currently offered in the industry.
• The price chart can be organized and viewed in different time intervals, to let you get a better grasp about the market’s movement every second, hour, or even days.
• More so, it is efficient since the platform features a separate section called TradingView.
• They are also spaced out very effectively, which makes it hard to press the wrong box on accident.
• Currently, Beaxy can be contacted via their Telegram group, Discord server, and Twitter account.
• Because of it, you’ll have to rely on others for market data and analysis – in a very simplified way, too.

Beaxy is a new exchange that looks to be one of the most promising up-and-coming exchanges on the market, bringing many new features and a high-performance trading engine to market with a smooth user interface. The platform is set out in a way that makes it easy for new users to get acquainted. The exchange also features the most advanced interface, data compilation, trading tools, and security measures to date. The platform provides 24/7 support to their users with live chat and an AI bot, which is especially valuable when a critical issue arises. There are also further resources aimed at newer traders such as the FAQ section and Knowledge Base, and the team is active on social media. It can be contacted across their different channels, including their Telegram group, Discord server, and Twitter account.

Other articles listed on the Blog are about the STK Standard, the lightning network, and crypto portfolio indexes. You can trade on-the-go using the Beaxy mobile platform, which is available for Android and iOS. The mobile platform offers the same functionality as the web platform, so you can expect nothing but the best. Beaxy has several advantages to offer its clients, from low fees, to a powerful platform, and to a comprehensive support system. Beaxy’s trading platform strives to be as convenient and easy-to-understand as possible, utilizing an organic, and intuitive User Interface (UI).

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. The Beaxy team aim to provide a fully featured exchange that facilitates a comprehensive trading experience and incorporates many of the best features found amongst the current industry leaders. The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees. This order book contains buy and sell orders on an asset, which are then matched by the engine to complete the transaction.

Beaxy: Services and Features

Beaxy Exchange is an up-and-coming fiat-to-crypto exchange that offers a great loyalty program for those who hold their proprietary token Beaxy Coin (BXY). Rewards include up to 12% apy and the potential to earn a piece of the fees the exchange makes everyday. In addition, Beaxy has a smaller number of supported cryptocurrencies than leading exchanges such as Binance and Huobi. However, the team are planning to roll out a number of additional features that will help to establish the exchange as a viable alternative to current industry leaders. Due to its relative youth, Beaxy may be best suited to people with a good understanding of trading digital assets and using exchanges, although the platform is set out in a way that makes it easy for new users to get acquainted.

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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. After finishing the KYC application process, you will see the icon next to your name change to “Under Review”, and you’ll receive notification of your results once the review has been completed. From here, you can select which document you wish to use to verify your identity, and acceptable forms include a Driving License, a National ID, or a Passport. It’s worth noting that users based in the USA cannot use a passport for verification due to state-specific laws, and must use a valid driver’s license or state ID. It’s much better to work with APIs that were designed specifically for crypto investing. It’s relevant – most speak about some important changes on the markets or on the exchange.

If you choose to use your card as your payment option is likewise convenient and allows you to convert your fiat currency to Bitcoin instantly. Moreover, Beaxy’s platform is designed to handle long-term scaling and integrates other useful trading facilities such as analysis, data research, surveillance, and back-testing services courtesy of OneMarketData. As such, you’ll be able to multiple your efficiency by stitching multiple trading methods together and work in any destination.

It has a clear format of charting, which can be modified with different time intervals. The platform is also packed with trading strategies that assist clients in trading. Through Beaxy’s platform clients, novice or otherwise, are given the chance to experience charting like a professional.. Beaxy is generous in giving bonuses and pushes customers to make successful trades. This is the reason why the exchange implemented a match bonus that gives additional funds of the exact amount as the client deposited. If you deposited $500 minimum, you will receive an additional $500 in your account.

Supported Currencies

The project held an Initial Coin Offering (ICO) which ran until September 2018 with an excellent amount raised equaling $3 million. This exchange is available in 185 countries and 43 United States states and offers a referral program, which allows you to refer friends to the exchange and receive 10% of their trading fees for their account’s lifetime. Beaxy has a tiered fee structure that starts at a 0.25% fixed fee per trade on market takers, meaning you take an already existing order off the book, and a 0.15% maker fee, meaning you put on order on the book.

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Most of these potential new additions to your trading routine are also absolutely compatible (produced by the same exchange, after all). Because of it, you’ll have to rely on others for market data and analysis – in a very simplified way, too. In their own words, their MPC (multi-party computation) algorithms utilize a much more secure method of identifying users. However, the exact technology remains vague, even after a thorough research on Curv’s own website. It would be wise to consider this option because even the initial API allows you to receive large quantities of real-time and historical market information, as well as make 100+ decisions every second.

The fees on the Beaxy exchange are fixed at 0.2% of whatever you deposit, however, the BXY token allows users to reduce their fees by up to 50%. There is also an option to earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. There is also another way to get discounted trading because with the staking program, you will have the option to lock up some of your BXY tokens to receive a discounted trading fee.

Launched in June 2019, Beaxy is a new cryptocurrency exchange that aims to get ahead of its competition by offering unmatched security, performance, and superior tech. Referral programs, low trading fees, 24/7 support and options to customize the trading experience are also positive. Beaxy offers a competitive fee structure that is in line with most of the crypto market. As with other exchanges the fees get lower the more volume you trade and the more of their proprietary token you hold. If you are able to afford to hold a half beaxy exchange review million BXY then you have no trading fees to worry about. It is agreeable that Beaxy is a trader-friendly exchange since it provides 24/7 assistance.

Beaxy Exchange: Features Review

As already mentioned above, Beaxy Exchange gives clients the opportunity to keep their cryptocurrencies secure by offering institutional grade custody via Beaxy’s partner, Curv! According to Beaxy, keeping your crypto on the platform keeps it safer, more accessible, and autonomous. Still, an online wallet no matter the level of security an exchange promises is more at risk of being hacked by cyber thieves rather than an offline wallet.