Beaxy is It a Scam? Exchange Reviews

Beaxy’s generosity doesn’t end there as account users will be rewarded with a 100% deposit bonus for deposits up to $500 equivalent value in USDC. Note, however, that bonuses cannot be used as payments for transactions on the exchange. Learn more about Beaxy’s advantage as an online crypto exchange along with its offerings and features by reading this Beaxy review. What came as the most impressive feature of this aspect is its live chat operated by experts and industry professionals. For users who are non-English speakers, they may utilize the multi-language assistance feature. Tickets are also available for immediate queries, while the site has an FAQ section for basic questions.

  1. Another attractive feature of Beaxy is its low commission fees and special perks and bonuses.
  2. 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.
  3. Its services are competitive and match those of big crypto exchanges.
  4. 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.
  5. The whole process took less than five minutes and the customer service guy was insanely helpful – he even offered to give me one-on-one training on how to use the platform.
  6. With Beaxy’s mobile platform, you can trade conveniently anytime and anywhere.

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. These include high trade processing speeds, advanced order types, high grade security protocols, loyalty and referral programs and 24/7 customer support.

Performing such a conversion has the benefit of solving difficult problems surrounding the movement of money in traditional finance. Veteran investors and traders are all too familiar with these problems which is why a new kind of platform was needed – one that speaks the language of both finance and crypto. 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. Beaxy utilises a simple to use and intuitive UI, which is customizable and includes scrolling ticker settings for speed, visibility, and favorite pairs. There are both day and night modes available, making the trading panel easy on the eyes and presenting information and execution panels in a clean and easy-to-read manner.

It’s easy to use and from the main menu, you have access to features such as trender and signals which are two automatic tools for day traders that help you find new setups that have up to 70% win accuracy. When registering on the site you agree to give the administration of the service the requested information for identity verification. 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. Cryptocurrency exchange on the platform is available after registering and making a deposit.

Gold standard for “legit” crypto exchanges

Some of it are specifically created by Beaxy to fit the needs and demands of its client base. You can access Beaxy Exchange’s complete list of features with your personal login. Beaxy has several advantages to offer its clients, from low fees, to a powerful platform, and to a comprehensive support system.

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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. After clicking on the link provided in the verification email, you will be asked to log into your account. 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. It might be dangerous to gamify trading, but it could be worth looking into if you’re a novice trader looking for some ideas and direction. User Agreement

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy. The Beaxy private sale started in June 2018, raising $3 million in funding. In total, Beaxy is selling 60% of the tokens and there is a soft cap of $4.2 million and a hard cap of $ 19 million USD. One more thing worth noting is that Beaxy is in the final stage of discussions with Optiv, a cybersecurity giant.

Once you download Hummingbot and create an account, you’ll have to connect your Beaxy exchange account through the API and then set the strategies and parameters you want to use to begin your automated trading. Although the Beaxy exchange itself doesn’t technically have a trading bot, it has linked up with Hummingbot, which allows users to incorporate its open-source trading bot into the platform via an API. The trading fees for Beaxy are also relatively low, with a maker fee of 0.1425% and a taker fee of 0.2375%. Beaxy also has FDIC insurance up to $250,000 on all USD deposits, is a FinCEN Registered Money Services Business, and offers 24/7 customer support.

Super high fees and horrible support

Maximum withdrawal amount is calculated for each Cryptocurrencies with the status of the account. To create an account, click the “Register” button in the upper right corner of the home page. Here you need to specify your email address, password, and cell phone number. After filling in the data, you beaxy exchange review need to agree with the terms of use, and click “Register”. For trading on the platform you need to register, connect two-factor authentication and pass KYC verification, let’s look at each of these steps in more detail. Securely store your assets in bulletproof protected custody wallets.

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. 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.

For added security, the exchange only partners with high-class banking institutions to guarantee the safety of its clients’ funds as well as its own corporate accounts. One of the most important aspects of choosing a cryptocurrency exchange is making sure it can keep your funds protected and your data private. Beaxy uses multi-party computation protocol (MPC) technology developed by Curv Digital Asset custody to keep your assets as secure as possible. This is why the list of clients who entrust their digital assets to Beaxy is long and growing daily.

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. Beaxy solves this and makes it very easy for traders who are looking to cash out their cryptocurrency gains on the same platform. The platform provides 24/7 support to their users with live chat and an AI bot, which is especially valuable when a critical issue arises. There are also further resources aimed at newer traders such as the FAQ section and Knowledge Base, and the team is active on social media.

This digital asset platform is packed with features that traders love. 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. Beaxy is a Chicago-based cryptocurrency exchange platform where users can easily buy, sell, store, and trade a wide range of crypto assets and fiat currencies. Beaxy Exchange – a young reliable cryptocurrency exchange with a wide range of instruments and free trading signals. The exchange regularly adds new cryptocurrencies, expanding trading opportunities on favorable terms.

Once you completed the above steps, you will have to wait until you receive a notification that your documents have been approved, which might take up to a couple of hours. 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.

She specializes in developing low latency enterprise applications with extensive experience in Agile methodologies. She also has over 10 years of experience with technologies like Core Java, J2EE, AngularJS, JavaScript, Hibernet, and RESTful Web Services. I’m thrilled with the $35K payment I received from creativetrade .online into my Beaxy wallet. Satoshi Nakamoto mined the first Bitcoin block, known as the genesis block, on January 3rd, 2009. Nine days later, the first transaction with bitcoin was completed when Satoshi Nakamoto sent bitcoin to Hal Finney, the creator of the world’s first RPoW (reusable proof-of-work system). What’s more, combining staking BXY together with staking their loyalty points, users will just pay up to as low as 0.75% commission rate.