After generating an address, you’ll see the standard QR code and alphanumeric string. Either of these 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. 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. Among this list of key features is the Public API Portal, which provides clients comprehensive data to expand the potential of their trading systems.
The Match Bonus program gears towards attracting more potential clients to sign up with Beaxy. This program entails each client who deposits $500 minimum an additional monetary fund of the same amount sent to their accounts. Whereas most brokers offer 30% welcome bonus, or 100% for those who deposit $10,000 and above, Beaxy offers 100% for all clients given that their first deposit is at least $500. 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.
To add to its conventionality, the platform’s interface is completely customizable, adding to its flexibility on the spot. In addition, includes scrolling ticker settings for speed, visibility, and favorite trading pairs. As a finishing touch, Night and Day modes have been included for around-the-clock trading. Beaxy’s trading platform also has TradingView charts with a full range of technical indicators, and a variety of charting color options for ease of use. If you happen to be a client without any trading background, Beaxy’s authoritative guide about cryptocurrencies will help you navigate your way through. Exchanges with low technological capabilities tend to malfunction when trade volumes increase.
This is the VIP program for Beaxy clients and a membership in this entails you to a few special perks. With Beaxy Black, you can increase your rewards in Bitcoin, which can go as high as 30%. This feature also has a separate personal customer support team that will help you with anything in the program. 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.
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. It has not happened since, and they improved security following the incident. They follow all KYC/AML policies and use Curv as the custodian for users’ funds and wallets.
How to Buy and Sell Crypto on Beaxy Exchange
Despite its relative infancy to other major exchanges in the industry, Beaxy has proven to be a major contender in the market. While the assets offered by Beaxy are still limited as of the moment, the exchange currently works on supporting more cryptocurrencies in the future. Once more cryptocurrencies are released, what with the current services offered by this exchange, Beaxy is set to boom in the near future. Tech and tools provide a glimpse into Beaxy’s high-grade cryptocurrency trading technology.
The first time you deposit into a wallet, you will have to generate the wallet first. Now, select your country of residence and also submit a picture of your National ID, driving license or passport. Those people who are submitting a National ID or driving license, will have to take a picture of both sides of the document. Before uploading the document, you will need to select the country your document was issued in. 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.
• Customer Support
All of these in a forward-looking exchange that takes into account client experience and an open approach to new technologies. The Beaxy team puts high priority in its security protocols, with a login function which includes a Two-Factor Authentication (2FA) system for verification and is compatible with both Google and Authy as Authenticators. 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.
Customer Support
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. Beaxy Exchange presents itself as a “next-generation digital asset exchange” whose vision is bridging the gaps between the industries of cryptocurrency trading and legacy finance. It is somewhat similar to what Binance offers, along with a powerful trading engine, much more specific order type options, lower fees, and a professional customer support team. Overall, the Beaxy Exchange seems legit and show promise to be one of the leading companies in the crypto-trading scene. One thing that many seasoned traders would notice is its lack of cryptocurrencies in its listings. This can be a problem for some as it could deter most from the advantage of building an organic and diverse trading portfolio.
Supported Currencies
After generating an address, you’ll see the standard QR code and alphanumeric string and either can be used to transfer funds from an existing wallet. Beaxy allows you to have multiple wallets for each currency; however, your funds will only be deposited to the wallet set as default, and you can then transfer freely between your internal wallets. After your transfers have been confirmed you are free to trade on the exchange. These include high trade processing speeds, advanced order types, high grade security protocols, loyalty and referral programs and 24/7 customer support.
- By providing optimum transaction speed, advanced order structure, tight level of security, exciting bonuses and promotions, and 24/7 customer assistance, it sure is considered as one of the market makers of the financial landscape.
- We advocate for you to do your own research and make educated financial decisions.
- This program entails each client who deposits $500 minimum an additional monetary fund of the same amount sent to their accounts.
- Either of these two features can be used to transfer funds from an existing wallet.
- Blog is an essential part of any broker, and it’s a shame these posts are very frequently subpar in quality – they are either not unique, unhelpful or simply for show in the worst situations.
The team behind the exchange are aiming to provide a comprehensive service that appeals to users of all experience levels. The user interface is intuitive and the dashboard is well laid out and there are various explanations and tips on how to navigate the platform placed in easy to find locations. 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. In the following example, if a user locks up 100K BXY tokens for 6 months, they will receive 100K PLS tokens.
All transactions starting from registration up to deposit are highly secured. It makes use of the common Two-Factor Authentication login that provides an additional layer of account security. Its unique withdrawal addresses and availability of IP whitelisting also add to reasons why Beaxy beaxy exchange review remains one of the most secured in the market.
- All transactions starting from registration up to deposit are highly secured.
- The exchange team contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz.
- The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees.
- Deposit the funds needed to your account so you can begin buying and selling cryptocurrencies.
Galaxy Takes on Robinhood, Coinbase With 4%-8% Yield App; Stock Jumps 8%
Beaxy offers several different order types in addition to regular limit and market orders, including Limit IOC, Limit FOK, Take Profit, and more. The SEC charged Beaxy with raising $8 million through the unregistered offering of its native token, BXY. The regulator also alleges that the exchange’s founder, Artak Hamazaspyan, used $900,000 for personal use, including gambling. Customers of the exchange will be able to withdraw their assets within 24 hours after all user orders are canceled and balances are verified and are encouraged to do so within 30 days, the SEC said. Partnership with Beaxy opens you to even more possibilities, including an expansive portfolio of assets that will guarantee big profits. Beaxy Exchange currently partners with Prime Trust, Roundlyx, Deltix, Autonio, Simplex, Cryptohopper, Gunthy, and Holderlab.
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. 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. In buying a crypto, once you have chosen which digital currency you want to buy, it turns into an order, which is transferred to an order book.