While the look and feel of Beaxy may not be the absolute best, that’s ultimately up to each user when deciding on a crypto exchange, so it’s hard to fixate on that as a reason to pursue Beaxy alternatives. We do not provide investment advice, nor provide any personalized investment recommendations and/or advise on the merits of any investments. We also do not provide any assurances the features, functionality or the information offered on our Website(s) is accurate, reliable or will function to your satisfaction. Investing in crypto currencies and other speculative investments is very risky.
Funding the Account
They will also be adding advanced order types as options, which is a feature that current exchanges are significantly lacking in. These will include the option to choose between trailing stops, “fill or kill” orders, orders which expire at a certain time and many others which traders with complex strategies will find incredibly welcome. You have the option to trade crypto on Metatrader 5, you will have your deposit 100% matched up to $500, several fiat currencies are supported for both deposit and withdrawal, algorithmic trading is an option, and AI technology is pretty cool. As Beaxy is still building its reputation and developing its user base, it offers an attractive fee structure, and the BXY token allows users to reduce their fees by up to 50%. Users can also earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. While Beaxy may not offer quite as many digital assets as Binance, and are missing some top 10 assets, they still offer a good number of cryptocurrencies for buying and trading on their exchange and are still adding more.
What Are the Best Crypto Exchanges?
We simply provide the space to place such advertisements, and we have no other relationship with advertisers. 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. 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. 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.
Currency.com Exchange Review
The Pending Balance gets credited to user accounts on the first of each month, and Beaxy provides downloadable, monthly loyalty rewards reports and rewards are paid out in each kind of currency that the exchange charges a commission on. These include high trade processing speeds, advanced order types, high grade security protocols, loyalty and referral programs and 24/7 customer support. 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 integrated price charts are placed in the center of your browser, and at the top of the screen, there is a quick summary of important information such as the bid/ask spread, percentage change and volume updated in real-time. The order panel and trade history are placed on the left, while the right is reserved for the order book.
Beaxy Review- A Legitimate Cryptocurrency Exchange
Hamazaspyan also allegedly misappropriated at least $900,000 for personal use, including gambling, the SEC said. 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. Gemini was founded in June 2013 by Tyler and Cameron Winklevoss, who famously settled a lawsuit against Mark Zuckerberg over the creation of Facebook. Gemini has since made their name as an exchange that is hyperfocused on regulatory compliance.
- 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%.
- Trading fees can also be dramatically reduced through Beaxy Black, which we will touch on later.
- In addition, Beaxy has a smaller number of supported cryptocurrencies than leading exchanges such as Binance and Huobi.
- But of course, basing one’s assessment solely on one review is far from being wise.
- This allows Beaxy to provide solutions for high frequency traders and the platform is designed to scale and is already able to handle 225,000 transactions per second.
Once you’ve acquired cryptocurrency you can also trade it for a different cryptocurrency. So you can trade your Bitcoin for Ethereum or your Ethereum for Litecoin or Polkadot. There literally thousands of different trading pairs available on different cryptocurrency exchanges around the world. We review crypto exchanges to help you decide which one makes sense for your cryptocurrency needs. As Beaxy mostly introduces itself on cryptocurrencies, it offers a list of over 30+ popular trading instruments including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Monero (XMR), Zcash (ZEC), Ripple (XRP), and DASH to trade with. You can keep yourself updated on Beaxy’s current listing on cryptocurrencies.
With the new Beaxy Cryptocurrency Exchange, traders will benefit from operational efficiencies, constant innovations, and an empowered financial freedom. All of these in a forward-looking exchange that takes into account client experience and an open approach to new technologies. A thorough search for online assessment literature regarding Beaxy, rendered only its main live website. What this means is that, this review is highly likely one of the first, if not https://forexbroker-listing.com/ the first of a possible string of reviews about the online cryptocurrency exchange entity. Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders. He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein.
In a nutshell, we are a crypto guide with the right ambitions and values. Trading Browser is a global crypto guide for all traders and investors and our focus is always to deliver high-quality content for you, our readers. Some of our platform recommendations might be our partners and we may earn money through our links on our website but this does not change our opinions as all our recommendations are our own. Our editorial team has hands-on experience in investing, trading, and analyzing the crypto market and through our detailed review page you will get a full picture of what we think about different exchanges and brokers. Overall, the Beaxy Exchange seems legit and show promise to be one of the leading companies in the crypto-trading scene.
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. Every new user of Beaxy Exchange can double his/her deposit up to 500 USD.
To start the KYC verification process, click on your name and select KYC in the drop down menu. Beaxy is operated by Beaxy Digital, Ltd, which is a company registered in St. Kitts & Nevis in the Caribbean Islands. The team behind the exchange is transparent in nature and contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz. Beaxy offers several different order types in addition to regular limit and market orders, including Limit IOC, Limit FOK, Take Profit, and more. The Beaxy team is already pretty big and has 25 full-time employees and 25+ halftime contributors all over the world.
There are some people that find success crypto trading but they are in the minority. Holding crypto long term is generally considered the more sound strategy if you’re not a trading genius. Not everyone wants custody of their own crypto but it’s important to note that if an exchange doesn’t let you actually let you withdraw crypto than you are really just holding an IOU for crypto, rather than the real thing. Proof-of-reserves is a relatively new concept (and it’s not 100% foolproof) but it definitely does not hurt.
For traders who prefer the conventional method of cryptocurrency trading, they may resort to staking. However, fees are fixed and there is not available for clients with entry-level accounts. Other accounts that may be used for staking are the beaxy exchange review Silver, Gold, Platinum, and Diamond. It is important to note that levels rely heavily on the number of cryptos they want to stake. Beaxy Exchange’s vision is to help clients achieve financial freedom and build a better financial future.
The exchange also allows for deposit and withdrawal addresses and IP whitelisting, while also maintaining user data confidentiality. Furthermore, Beaxy’s security standards on the platform are in line with PCI-DSS and ENISA security standards. Speed and execution is usually one of the most sought detail for any client and the trading platform spared no expenses to make its buy-and-sell executions as quick and simple.
To deposit funds on Beaxy, click on the “My wallets” tab at the top right of the screen, and select your preferred currency. After that, click on the + icon next to it, which will expand the list of wallets you have for this currency. No, Beaxy is not similar to a traditional finance broker, they offer no financial services such as lending. Users must already have assets to bring to the exchange in order to make use of it. In addition to the fee reduction, BXY tokens can be allocated to Beaxy’s STK Loyalty Program.
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