Beaxy is it a scam? Exchange reviews

Diamond Account– Requires the staking of 1,000,000 BXY, and yields a 25% discount on trading fees with a 500 BTC daily withdrawal limit. Platinum Account– Requires the staking of 500,000 BXY, and yields a 20% discount on trading fees with a 200 BTC daily withdrawal limit. Gold Account– Requires the staking of dowmarkets 150,000 BXY, and yields a 15% discount on trading fees with a 100 BTC daily withdrawal limit. Silver Account– Requires the staking of 50,000 BXY, and yields a 10% discount on trading fees with a 60 BTC daily withdrawal limit. The platform also supports cryptocurrency trading for fiat – USD, CNY, GBP and EUR.

Due confirmation regarding the success of the transaction will then be sent to the user through the network. A verification process would then be administered after the user hits the “Sign Up” button. Beaxy had already established bases in 185 countries, with 43 of these in the United States. Thus, the Beaxy exchange will be useful not only for those who need simple and affordable exchange transactions but also for those who want to start earning on the cryptocurrency.

Verification on the beaxy com platform

This platform lets all traders automate their trades on the exchange and use market-making strategies and other advanced strategies through the easy-to-use interface. Simply download and install the platform and set the parameters/criteria you want to automate your trades and then let Hummingbot do the rest. While storing your assets on the exchange does come with the risk of exposing your assets, having them readily accessible to be traded for other cryptocurrencies or exchanged for fiat currencies is very convenient. Plus, each transaction you make sending to and from an exchange incurs a network fee.

In the ICO, BXY utility tokens were sold which give traders that hold the coin several benefits on the Beaxy exchange. Once you have been notified that your KYC documents were approved, it’s time to deposit the funds that you want to trade with. The goal is to help you decide if Beaxy Exchange is the right fit for you, or if you should look for a different cryptocurrency exchange. 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 will have an exclusive partnership with OneTick, meaning no other cryptocurrency exchange will have access to this technology. Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing. 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 up to 100 BTC per day.

This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens.

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Today, however, the industry average is 0.213% for takers and 0.16% for makers, so Beaxy is a bit above average when it comes to taker fees. On the date of last updating this review the 24-hour trading volume was as low as USD 1,612 vis-a-vis USD 19,676 on 18 September 2021, according to Coinmarketcap.com. We hope for Beaxy’s sake that this trading volume improves substantially.

The Beaxy Exchange platform is smart, secure, easy to use, and also features advanced tools for experienced traders. Beaxy’s platform differentiates itself by offering unmatched security, service, and superior tech. The Built On Blockchain Shop is excited to offer Official Beaxy T-Shirts to their highly supportive, cryptocurrency exchange users. Beaxy also uses email alerts and two factor authentication which is compatible with both Google and Authy Authenticators.

The first step to start trading on the Beaxy Exchange is to head over over to the registration page and create an account. To do so, you will have to type in your full name, email, password, and date of birth. However, that is understandable when considering how young the exchange still is. The team at CaptainAltcoin.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers.

Get Started

Intuitive design, innovative security technology, anonymity, and endless possibilities all in one place. In order to withdraw funds from Beaxy, all users must complete an identity verification process first. The exchange offers 24/7 support out of their 3 offices around the world. Beaxy held an ICO in September 2018 raising $3 million in funding.

To pass the KYC check, you need to specify the country of residence, select the type of identity document and attach its photos. The photo of the document must be without glare from the flash, all information must be readable. A driver’s license, national ID card or civilian passport can be used as an identification document. After the application is processed, you will receive a notification by mail when the verification is passed or rejected. To create an account, click the “Register” button in the upper right corner of the home page.

First of all, the coin can be used to reduce trading fees significantly, as described in the section above. Beaxy’s users can stake the native utility token of the exchange, in order to reduce their fees by up to 50%. 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. This technology can support hundreds of thousands of trades per second with less than a millisecond of latency, which is very fast when compared to other exchanges. However, like everything else, for this to really shine, you need actual trading volume.

By using this software and providing Crypto Critics access to your API login information, you understand that Crypto Critics does not have direct login access to your exchange accounts or the funds stored there. Many exchanges offer both hard and soft staking options through their exchange. At the payment of the commissions at the exchange internal tokens of BXY, you save up to 50% of the initial sum on the commissions. If analyze the state of the exchange market, it becomes obvious that the number of resources and platforms where you can change your funds is constantly growing. Most new projects are clones of already existing successful platforms without any fundamental innovations and opportunities. Buy through exchangers, transfer on the exchange, and then exchange to any cryptocurrency.

Marketing is an important part of attracting users to the platform for a healthy trading ecosystem and thus deserves significant expenditure. Operational expenses are those essential to operating the business and include hiring, office space, training and more. Customer support is an area where we want to excel and thus will spend what is needed to deliver superior service to our users. Beaxy’s fee approach is to focus on encouraging liquid markets.

The platform offers traders several types of orders to maximize profits during exchange . Quick Trade allows you to trade Bitcoin in Canada, along with many other digital currencies. Quick Trade, developed by Coinsquare Canada, is optimized for faster trades with the lowest spreads and fees, top-tier security and industry-leading customer service…. Save up to $110 off on crypto exchanges with verified discount codes for popular brands similar to Beaxy. Beaxy is an all-in-one exchange created by a group of professional coders & traders.

The maximum discount on trading commissions is 25%, which is provided to holders of BXY amounting to 12,000 USD. Beaxy aims to become a leader in the crypto trading space and is best suited to people with a good understanding of trading digital assets and using exchanges. 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.

Moreover, beaxy provides a highly dedicated customer support team that is ready to assist clients in reaching their financial goals. Beaxy is an online cryptocurrency exchange that provides its clients with a comfortable and convenient trading environment ufx trading central with its cutting-edge technology, convenient tools, and top-notch security. Among the features of Beaxy’s trading platform is also its lightning-quick execution of its buy and sell options, competitive offerings, and satisfactory customer service.

Deposit Funds

Some coupon codes have exclusions, which we’ll notate on this page. Beaxy is a digital asset exchange that supports various kinds of cryptocurrency to trade. I was one of the back-end developers, and our team was responsible for the development of the exchange, integration with different blockchains, and ensuring highly secure transfers. Any tokens that remain unsold in the private sale will be available for purchase directly on the platform after launch for the following 100 days. The price of the tokens for sale on the platform will be determined by fair market price. All unsold tokens after the on platform sale will be locked away for three years.

In the future, the team aim to add OTC trading capabilities, margin trading, and portfolio management features that will appeal to a variety of traders. This acts as an additional layer of protection and can block an attacker who manages to gain access to a user’s log in details but cannot match the IP address of the actual account owner. The team also declare that standards on the platform are in line with PCI-DSS and ENISA security standards. In addition, they promise to maintain the confidentiality of user data, and state that Beaxy does not and will not sell user data to third parties. After generating an address, you’ll see the standard QR code and alphanumeric string and either can be used to transfer funds from an existing wallet.

Predicting price with a 70% success rate Prebuilt technical analysis with timeframes and targets that actually work. Beaxy Exchange is the best place to go if you want to take advantage of the bull market in Crypto Trading. Beaxy, a U.S.-based cryptocurrency trading platform, allows you to trade, buy, and sell popular cryptocurrencies such as bitcoin and ethereum. It’s also worth noting that Beaxy operates a loyalty reward program that incorporates the PLUS Token , 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, which will get you a percentage of your trading fees back.

You can also make transfers within your wallets and create new ones. The first time you deposit into a wallet, you will be asked to generate an address for it. Customer Support –Beaxy provides 24/7 customer support with live chat functionality. The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees. When registering on the site you agree to give the administration of the service the requested information for identity verification.

Token Sale Details

But what really caught the team’s attention is Beaxy’s KYC protocol, a stringent verification system that makes fraudulent transactions almost impossible. The list of indicators shows that there are more than 50 to choose from, which can prove to be convenient in any case. It includes the most-used indicators such as Bollinger Bands, average True Range, MACD, and Moving Average. As of now, Beaxy Exchange supports over Below is a screenshot of Beaxy’s platform. Partnership with Beaxy opens you to even more possibilities, including an expansive portfolio of assets that will guarantee big profits.

All the necessary data is being written to PostgreSQL, Redis, and MongoDB. RabbitMQ, HTTP, and Redis Pub/Sub are being used as the communication mechanisms between the services. The information on this document does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this document when making any investment decisions. One of the things we all want in crypto is mass adoption, what do you need for that? Well, a platform that’s easy for everyone to understand , but also a platform for experienced people to join and stay on.

It’s been a blessing to be part of the Beaxy community for these last few months and we are only getting started. The support is amazing and Beaxy really cares about their community. There is always someone from the team to help out newcomers and answer questions. Beaxy is very different from other crypto projects in their approach to fundraising. Their motto is “Build then talk”, which brought them where they are today. They already have a working exchange demo, which anyone can access on their website.

Which is understandable, because in order to have FIAT integrated you have to comply with a lot of regulations, especially in the USA. For example, Beaxy can do 10x more tp/s than Binance on day one and can scale infinitely off trading pairs beyond that. Beaxy is registered in Nevis and their headquarters are in Chicago. Beaxy is actively researching the opportunities to be registered in Malta or Gibraltrar.

Beaxy Review: 7 Things to Know Before Using 2020 Updated

Beaxy will retain lawyers to ensure compliance with necessary laws to operate and pursue the necessary licenses to offer all the features in our roadmap. Projected to be Beaxy’s largest expense; multibank exchange group review 35% of the budget has been allocated to the development of Beaxy’s roadmap through R&D. $BXY tokens will be transferable on the Beaxy Exchange once its operational in June of 2019.

Everyone knows there are more and more exchanges popping up, it feels almost like every day there is a new one. Where Binance sets a good example, there is still lots to improve for exchanges in the crypto space. For example, an exchange that has no downtime when there is a surge of users due to a huge move in the market. Let’s talk in more detail about what the Beaxy exchange can be useful for users and the industry as a whole. Let’s start with the global – “all-in-one” exchange will simplify the entry into the cryptocurrency for new users.