The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. The loyalty rewards payout for this day will be $2,500, and this balance is displayed on the Loyalty Rewards page as a “Pending Balance”, and changes everyday once the calculations are performed at midnight. 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.
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. 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. 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.
One more thing worth noting is that Beaxy is in the final stage of discussions withOptiv, a cybersecurity giant. They are planning to provide penetration, cloud infrastructure, white box, black box, and many more tests to insure Beaxy’s security. Beaxy offers several different order types in addition to regular limit and market orders, including Limit IOC, Limit beaxy exchange review FOK, Take Profit, and more. After accepting the Terms and Conditions and clicking “Sign Up”, you will automatically receive a confirmation email with a verification link. After clicking on the link, you will be asked to log into your account. The Beaxy team is already pretty big and has 25 full-time employees and 25+ halftime contributors all over the world.
How To Sign Up At Beaxy Crypto Exchange?
When trading with a casback system you earn real cash when your trades are executed in the market. Keep track of which market is winning and which one is losing today. Generally, you would do well to create an account here just in case, because you never know when an extensive provider like this one could come in handy.
- Beaxy offers fiat deposits with Visa, Mastercard, and Bank Transfers.
- They are good in their own right, but even highly customizable MT4 doesn’t always correspond to the views different crypto brokers have on the process of trading.
- There are also various market orders available on Beaxy, such as Market, Limit, Post Only, Stop Loss, Stop Loss Limit, Limit IOC, Limit FOK, Take Profit, and Take Profit Limit orders, which will impress more experienced crypto traders.
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In the following example, if a user locks up 100K BXY tokens for 6 months, they will receive 100K PLS tokens. If there are also 10 million BXY tokens locked up in various accounts on Beaxy, there will be 10 million PLS tokens in circulation. Functionality – Beaxy operates as a web-based trading platform, and utilises a simple to use, and intuitive UI. The interface is also customizable and includes scrolling https://broker-review.org/ ticker settings for speed, visibility, and favourite pairs. It also incorporates Night and Day modes for around-the-clock trading, TradingView charts with a full range of technical indicators, and a variety of charting colour options. The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees.
Beaxy Cryptocurrency Exchange Review : Pros & Cons
Personal information is collected in order to provide services, and due to it being mandated by law, such as in the case of Anti Money Laundering and Know Your Customer legislations. The KYC verification process is conducted via Mati who store encrypted user data in AWS servers in the USA. Security – The Beaxy team place security at the forefront of their priorities and the exchange uses two factor authentication and is compatible with both Google and Authy Authenticators. The exchange also allows for withdrawal address and IP whitelisting, and the team also promise to maintain the confidentiality of user data. Standards on the platform are in line with PCI-DSS and ENISA security standards. Technology – The exchange makes use of high throughput and low latency database performance capabilities, and Beaxy is able to handle hundreds of thousands of transactions per second with less than 1ms of latency.
It is important for individuals to carefully consider the Pros and Cons of the exchange before making a decision to trade on Beaxy. Select the currency that you want to pay and the amount that you would like to spend. Next, select your digital asset and click on buy to complete your purchase.
This adds to their credibility and we definitely recommend our traders to use this platform. You have the option to activate free crypto trading signals that will automatically give you a signal every hour or so based on preset criteria. These price predictions have a 63% win rate and are pre-built technically with data-driven pattern recognition.
Members of their team have reportedly built trading desks in Chicago, IL. Their API feature REST and WebSocket as well as FIX, view the documentation here. However, users who choose to pay their trading fees in BXY tokens receive a 50% reduction and pay a fee of 0.1%, and anyone participating in the exchange’s Staking Program can reduce their fees by an additional 25%. Market makers are being encouraged to use the exchange and are exempt from trading fee commissions. In order to pay your fees with BXY, click on your profile, and select “Fees”, then move the “Pay with BXY” slider button to the “On” position. The exchange also incorporates the ERC20 BXY Token which allows users to participate in staking in order to receive a 50% discount on trading fees.
However, it means you’ll have to rely on the judgment of whoever sends you these matches – a bot, most likely. There are even huge sell and buy buttons, very looming but slightly distanced from each other so you wouldn’t miss them buy also wouldn’t press the wrong one. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution. 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. You can use the “Take pictures with Smartphone” feature, and both a Driving License and National ID must have both sides uploaded. Smartphone users can click the link at the bottom of the panel to get further instructions via email on how to proceed.
The wallet columns include the Wallet Name, Available Balance, Reserved Balance, Locked Balance, Pending and Total Balance and the Is Default feature. The first time you deposit into a wallet, you will have to generate the wallet first. It’s true that they are lessened by the lack of available trading pairs and currencies that are popular elsewhere.
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. From here you can click the Mati “Verify me” button, and choose your preferred language. You can also complete the verification process via smartphone, and you can click the link at the bottom of the panel and then enter your email address.
Beaxy Features and Options
The platform aims to provide traders with a comprehensive service that appeals to both newer traders and more experienced participants. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins. Beaxy is a new exchange that is aiming to become a leader in the crypto trading space. It incorporates a range of attractive features with more expected to be added over the coming months and years. The exchange also incorporates TradingView charts with a full range of technical indicators, and trading analysis, data research, and back-testing services from OneMarketData.
Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes. As a result, Beaxy could be well worth getting to know early on and users can take advantage of the various incentive programs to make their trading activities more cost effective. Beaxyis 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.
Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account. To register on Beaxy, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page. The KYC process is the same for desktop or mobile users from this point, and Mati will attempt to use your camera in order to take your photo for KYC, and you may need to grant your browser permission to use the camera function. After clicking on the link provided in the verification email, you will be asked to log into your account. Create signals to get alerted when specific price levels are broken or when there is sudden volume spike surge.
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. 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. The team behind the platform, lead by CEOArtak Hamazaspyanand CTO Mittal Patel, has proven very transparent.