These rates are in line with most industry standards, especially as starting rates. The project held an Initial Coin Offering (ICO) which ran until September 2018 with an excellent amount raised equaling $3 million. This exchange is available in 185 countries and 43 United States states and offers a referral program, which allows you to refer friends to the exchange and receive 10% of their trading fees for their account’s lifetime. The loyalty https://forexbroker-listing.com/ 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.
Beaxy Exchange Review 2023: Is It Legit and Secure?
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. The chart is made by Tradingview which guarantees top-tier charting all the time. The trading interface is customizable and can be moved around as you like. In addition to the fee reduction, BXY tokens can be allocated to Beaxy’s STK Loyalty Program.
Beaxy User Experience
Users can also earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. Trading cryptocurrencies can be a great way to diversify your trading portfolio – especially given how dynamic and energized the crypto market is at the present time. As such, there are many reasons why someone might find value in a cryptocurrency exchange. On Beaxy, crypto traders range in level from beginner to veteran.
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The Signals provided on Beaxy 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.
Payment methods and limits
Check out the Beaxy website for a complete fee structure breakdown. Beaxy Exchange is safe, though it has had an issue in the past where their system was exploited and resulted in the loss of 44 Bitcoins and 111,000 Ripple. Users are encouraged to enable Two Factor Authentication (2FA) and they make a point to point out phishing scams to avoid. Our Beaxy Exchange review will help you determine if it is the right exchange for your needs.
Customer Support
They also offer a mobile app for iOS and Android for those interested in trading on the go. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment. 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.
CaptainAltcoin.com does not offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. At the top of the interface are various important factors that beaxy exchange review can help you with your ongoing trades, including statistics like the volume, bid/ask spread and percentage changes. One of the best features is the calculator used to calculate the profits and losses of certain trades that you’re thinking about making.
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. For Beaxy Exchange, 2020 really began with the beta launches for our 2.0 platform and mobile application. The process of curating a large focus group and testing different elements of our revamped platforms was equal parts exciting and challenging. Over the months of January and February, with a ton of work and a lot of help for our community, we refined and improved our beta platform and mobile app to the point that they were ready for a full public launch.
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. In the past few months, a number of crypto firms have been hit with civil lawsuits, as U.S. regulators crack down on the budding industry. Most notably, cryptocurrency giant FTX collapsed last year and its founder Sam Bankman-Fried was charged with fraud.
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. Beaxy gives you access to exclusive trading tools and a mobile trading experience that is unmatched across the industry. While using the Beaxy platform in a web browser, Signals are provided to you for free based on market data that is compiled and used to generate charts with professional-grade technical analysis that has a 70% win rate when backtested.
- Download the Beaxy Exchange mobile application for iOS and Android devices for cryptocurrency trading on-the-go.
- Launched in June 2019, Beaxy is a new cryptocurrency exchange that aims to get ahead of its competition by offering unmatched security, performance, and superior tech.
- This and much more are available and I understand why so many traders like the platform.
- These integrations allow traders to view and manage all their assets in an automated fashion from one online cryptocurrency trading platform.
- Curv eliminates the need for private keys, replacing them with multi-party computation (MPC) protocols that enable transactions to be securely signed in a distributed way to eliminate any single point of failure.
With the new beauty pageant for digitally-generated models offering up a cash prize for the hottest fake babe. The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote. Among these sources, you will find LinkedIn profiles, Trustpilot reviews, Crunchbase, Sitejabber ratings, whitepapers, government reports, and other reputable sources. Below is a shared list of the article sources used for this review. Since Beaxy is registered as an MSB in the US they are obliged to keep a reserve fund for their clients.