Every registered user of Beaxy crypto exchange can participate in the referral program of the service. To join the referral program you have to register on the platform and get a referral link in your personal cabinet. After inviting a friend to the platform you will receive 30% from his trading commissions.
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.
With all that said, Beaxy does indeed follow top security practices, and offers security features that really bring the user peace of mind because they know that their assets are safe. 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. Beaxy is also sporting a custody wallet to help you securely store your crypto tokens.
- The security measures on Beaxy are brought to you by Curv – a security provider that specializes in decentralized methods of protecting your transactions.
- If there are also 10 million BXY tokens locked up in various accounts on Beaxy, there will be 10 million PLS tokens in circulation.
- What is recommended is that the reader further his or her research in the hopes of finding more material that would help in making a decision.
- It has a customizable interface and special setting in Night mode and Day mode for round-the-clock trading.
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.
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Beaxy also incorporates its native BXY token, allowing users to participate in staking to receive a 50% discount on trading fees. BXY token itself is an ERC 20 token and gives users of the platform many other benefits, such as loyalty rewards and coin staking. One of Beaxy’s outstanding services is its customer support as it is accessible 24/7. The live chat feature makes it easy for users to connect with Beaxy’s team. Aside from the site’s live chat functionality, Beaxy’s team of client support can be reached through several social media platforms including Discord, Twitter, and Telegram. For traders who prefer the conventional method of cryptocurrency trading, they may resort to staking.
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. Beaxy has its web-based trading platform which has an intuitive interface and can be easily navigated by first-time users. It has a customizable interface and special setting in Night mode and Day mode for round-the-clock trading. The platform also has an array of technical indicators and charts in various colors. Beaxy also supports mobile trading for on-the-go traders as its mobile app is available on iOS and Android devices.
You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access. After generating an address, you’ll see the standard QR code and alphanumeric string. Either of these https://broker-review.org/ two features can be used to transfer funds from an existing wallet. However, your funds will only be deposited to the wallet set as default, and you can then transfer freely between your internal wallets.
Beaxy Review – Is This Crypto Exchange A Top Pick?
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. As such, you’ll be able to multiple your efficiency by stitching multiple trading methods together and work in any destination. For instance, you can use the Hummingbot on the Public API, the Trading System and the same Trading System on the mobile app, all the while keeping one eye on the Trender.
Beaxy Review: A Methodology
Some other customer aid features available on Beaxy’s site are FAQ, Support, and Knowledge Base. As the system is capable of such, it stands as an ideal platform for traders who engage in long-term scaling, automated scaling, and resource balancing. Its partnership with OneMarketData is also commendable since it outsources external plug-ins such as research, analysis, monitoring, and back-testing. It’s true that they are lessened by the lack of available trading pairs and currencies that are popular elsewhere.
All of these in a forward-looking exchange that takes into account client experience and an open approach to new technologies. They have since become one of the most widely used exchanges with 35,000,000 total users. In December 2020, Coinbase announced that it would be the first cryptocurrency exchange to be listed on U.S. stock markets. 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. 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.
How to Buy and Sell Crypto
For more information regarding the coins that Beaxy supports, interested parties may easily go to Beaxy’s official website. Once this is generated, the digital coins should be deposited on that address. 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. To start the KYC verification process, click on your name and select KYC in the drop down menu. 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.
Funding the Account
You can trade on-the-go using the Beaxy mobile platform, which is available for Android and iOS. You can trade like a professional and access the markets wherever you are. The mobile platform offers the same functionality as the web platform, so you can expect nothing but the best. Another thing that the review team had found noteworthy is Beaxy’s custody wallet that allows for the storage of all its clients’ coins. 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.
Aside from buying and selling cryptocurrencies on Beaxy, you can also choose to exchange your existing crypto for another given that both are supported by Beaxy. For example, you can choose to exchange your own Bitcoin for a few Ethereum tokens, or vice versa. Your order form is also picked up by the matching engine to complete the transaction. Once your crypto has been exchanged, you will receive the new ones in your crypto wallet.
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. This is not to say either service is terrible, but they certainly aren’t good compared to other bot trading platforms or cryptocurrency exchange VIP/reward systems. That said, Beaxy Black’s extremely attractive fee structure can reduce trading fees significantly, and the additional customer support could be very useful. While this isn’t quite as appealing as many of the other crypto exchanges offering 0.1% maker and taker fees, it is certainly well above average and a very competitive rate. However, if you decide to transfer digital assets, the amount can be even smaller. If you are looking for new technology to improve your results you will be pleased to hear that Beaxy offers to trade with Hummingbot.
Special Features
To start the KYC verification process, click on your “user” tab on the top right of the page and look for the “KYC” button. Established in the early chapters of the 2000s, Beaxy is a cryptocurrency exchange platform that allows the buy and sell of the most popular and not-so popular digital coins in the industry. It aims at providing the industry with an expansive venue for doing trades with whatever digital asset that would prove to have the highest value, reputation, and stability.
If you’re one of those people, then this platform can still be for you. The last feature of Beaxy’s platform worth mentioning is its signal service that uses pre-built technical analysis to offer actionable trading signals with an acclaimed 63% win rate. Yes, this exchange allows beaxy exchange review US citizens to buy, sell, and trade both bitcoin and other cryptocurrencies. Please check the website for more information as they update they are working on adding more US states all the time. Beaxy will match your first deposit with a $500 cryptocurrency welcome deposit bonus.