Beaxy Exchange Review: Complete Beginners Guide
It’s supposed to be a simple and intuitive way of trading, and, reportedly, it increases your win rate by 63%. However, it means you’ll have to rely on the judgment of whoever sends you these matches – a bot, most likely. It has neat design, integral to the other parts of this exchange and, importantly, comfortable and intuitive interface with every crucial button readily available.
The maximum discount on trading commissions is 25%, which is provided to holders of BXY amounting to 12,000 USD. 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). Cryptocurrency is a bit different from other trading products (stock, Forex, etc.) in that coins are mostly traded on exchanges built into the websites that belong to one broker or another. It’s part of their nature, because it’s easier for them to set up exchanges in Web rather than provide trading on the usual trading platforms like MT4.
Users are encouraged to first check their Help Center if a question arises. 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. After your transfers have been confirmed by the network and Beaxy displays your wallet’s funds, you are free to trade on the exchange. After generating an address, you’ll see the standard QR code and alphanumeric string. Either of these two features can be used to transfer funds from an existing wallet.
- The exchange offers transparent working conditions, a profitable referral program and the possibility of staking.
- Regulation of a cryptocurrency exchange is a guarantee of fair and transparent operation of the resource.
- However, like everything else, for this to really shine, you need actual trading volume.
- This is one of the most generous crypto deposit bonuses I’ve seen and it’s a good way for traders to get to know the platform.
- With these crypto signals you don’t have to look for setups on your own, everything is done by the computer.
This means that no other crypto exchange will have access to this technology. 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. It’s worth noting that users from the USA are currently not eligible to access the Loyalty Rewards program or obtain the PLS token in any way.
The exchange also features the most advanced interface, data compilation, trading tools, and security measures to date. Beaxy is a moderately-sized exchange with some 30 trading pairs of different caliber, some highly on-demand, and some – just the options for occasional trading. The size of the selection isn’t the top perk of working with Beaxy, it’s the helpful technologies and the comfort of use that attract the most users. The team behind the exchange are aiming to provide a comprehensive service that appeals to users of all experience levels. The user interface is intuitive and the dashboard is well laid out and there are various explanations and tips on how to navigate the platform placed in easy to find locations.
VIP club members receive up to 30% cashback on paid commissions for a month. In addition, you will receive increased referral fees and monthly prizes from the platform. 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.
Beaxy Trading Fees
In this review, let’s look at the features of the crypto exchange, platform bonuses, user reviews and try to understand whether Beaxy is a scam or a reliable platform for cryptocurrency trading. 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. As Beaxy is still building its reputation and developing its user base, it offers an attractive fee structure and various incentives, which should prove successful in attracting users to the platform and improving the validity of the BXY token. Crypto asset exchanges and their operators are under heightened SEC scrutiny as of late. The Commission, for example, charged crypto asset exchange platform Beaxy.com (“Beaxy”) and its founder Artak Hamazaspyan with the unregistered offering of securities arising out of the platform’s offer of Beaxy token (“BXY”).
To earn passive income, you need to freeze 30,000 BXY for a period of 1 month or more. Every new user of Beaxy Exchange can double his/her deposit up to 500 USD. To get the bonus, register your account, join the bonus program on the Deposit page, get verified and get a bonus of 100% when you deposit up to 500 USD. If you were to trade on MT4, you could enhance your software with many different tools and plug-ins available in free access all over the Internet, but it wouldn’t be too comfortable – MetaTraders are designed primarily for Forex trading. It’s much better to work with APIs that were designed specifically for crypto investing. Blog posts are generally used as a means to educate or keep users informed in this industry.
Voyager Digital Update: Withdrawals Enabled On June 20
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Beaxy even organizes its trading signals in a tinder-like left swipe, right swipe fashion. Traders https://traderoom.info/the-difference-between-information-and-data/ can quickly sift through any signals and decide or not decide to act on them with a simple swipe of the finger. Truthfully, integrating the Hummingbot will probably be too inconvenient or complicated for most to endure, but it’s a great option for serious algo traders nonetheless. The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote.
It is registered in the US as a Money Services Business by Financial Crimes Enforcement Network (FinCEN). 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. 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. There are various explanations and tips on how to navigate the platform placed in easy to find locations.
While working on the service you don’t sell or buy cryptocurrencies from Beaxy Exchange. The platform only acts as an intermediary between users to facilitate transactions. The administration of the service reserves the right to cancel any transaction for a legitimate reason. Withdrawal fee is calculated personally, taking into account the status of the account and the amount to be withdrawn. The exact amount of commission can be seen when withdrawal request is made. 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.