beaxy

You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access. Beaxy offers several different order types in addition to regular limit and market orders, including Limit IOC, Limit FOK, Take Profit, and more. 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.

About the special features on Beaxy

Beaxy offers a competitive fee structure that is in line with most of the crypto market. As with other exchanges the fees get lower the more volume you trade and the more of their proprietary token you hold. If you are able to afford to hold a half million BXY then you have no trading fees to worry about. Beaxy Exchange is an up-and-coming fiat-to-crypto exchange that offers a great loyalty program for those who hold their proprietary token Beaxy Coin (BXY). Rewards include up to 12% apy and the potential to earn a piece of the fees the exchange makes everyday.

How to Buy and Sell Crypto

beaxy

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. Mati will send a link to this email that can be used to continue the verification process by phone. This absolutely reads like a playbook for how the SEC could sue Coinbase, if that situation doesn’t resolve with a settlement or non-action. So far all Coinbase has said is that the notice lists “an undefined” number of its listed cryptocurrencies, and that its Earn, Prime and Wallet products potentially violate securities law. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. We use dedicated people and clever technology to safeguard our platform.

Coinbase Not Participating in ASI Token Migration as Merger Nears Completion

While this complaint seems pretty clear, as ConsenSys’ Matt Corva pointed out, part of the issue with registration is figuring out the asset aspect of it all. Hamazaspyan also allegedly misappropriated at least $900,000 for personal use, including gambling, the SEC said.

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  1. New traders will be able to trade as the platform is very easy to use and more experienced traders will be able to take advantage of more complex order selections.
  2. This is a huge relief for many traders as many are forced to use other platforms just to get their coins converted in and out of the blockchain.
  3. Register an account today to start trading over 37 different cryptocurrencies including some of the best performing assets in history like Bitcoin and Ethereum….
  4. 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.
  5. 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.

The Signals provided on https://traderoom.info/beaxy-cryptocurrency-exchange-review/ allow you to view various crypto market strategies without the elements of human emotion or error coming into play. Customize your Signals on Beaxy Exchange based on popular technical analysis indicators like Fibonacci retracements to determine support and resistance levels, rising wedges, channels, and more. The team behind the platform, lead by CEO Artak Hamazaspyan and CTO Mittal Patel, has proven very transparent. 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.

beaxy

Buy your stake in the future

It’s also worth noting that Beaxy operates a loyalty reward program that incorporates the PLUS Token (PLS), 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. 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.

He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing. In addition to the fee reduction, BXY tokens can be allocated to Beaxy’s STK Loyalty Program. In the STK Loyalty Program, users can stake/lock their BXY for a period of one to twelve months, whichever length they choose is the interest amount they receive (ie one month gives you 1% apy, 12 months gives you 12%). They are also planning on launching a Diamond tier where those who stake over 1 million BXY tokens will receive a prorated distribution of 7% of the exchange’s average daily revenue. There are various explanations and tips on how to navigate the platform placed in easy to find locations. 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.

This means that no other crypto exchange will have access to this technology. 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. 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.

Download the Beaxy Exchange mobile application for iOS and Android devices for cryptocurrency trading on-the-go. With the Beaxy mobile application, you get access to Signals through Trender, the swipe-based trading application that is similar to popular dating applications. When you see a suggested trade you want to take, swipe right to submit your market order and open the position that is recommend based on aggregated market data. If the opportunity is not appealing, simply swipe to the left to see other setups that were generated by Trender. Launch was a disaster, and in the years since, they have failed to provide tradeable books across most of their listed assets. Additionally their market makers routinely pull their orders from the already thin books, so using stop orders is asking to get your position sold off far below market price.

Literally every other crypto exchange I’ve used has been a better trading experience. However, if you decide to transfer digital assets, the amount can be even smaller. Another great thing about https://traderoom.info/ is the fact that they support 6 major fiat currencies for both deposit and withdrawal.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. 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 of up to 100 BTC per day.

This is a great tool for crypto day traders to track daily volatility. An ultra-modern crypto training app is also an option when choosing Beaxy and it’s a strong recommendation for all traders who want to bring crypto to their smartphones. The team at CryptoVantage.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers. We advocate for you to do your own research and make educated financial decisions.

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. This includes their native token Beaxy Coin (BXY), which we will look at in the fees section. 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%.

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