Beaxy Exchange Overview
You can track the number of referrals and the amount of earnings in your personal cabinet. The project held an...
You can track the number of referrals and the amount of earnings in your personal cabinet. The project held an Initial Coin Offering (ICO) which ran until September 2018 with an excellent amount raised equaling $3 million. I was new to cryptocurrency trading and the user experience at Beaxy made it super easy to learn. 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.
These features are optimum transaction speed, advanced order structures, tight level of security, exciting bonuses and programs, and full-time customer assistance. First, sign up for an account on Beaxy’s official website by filling out your personal information. Once your registration completes the verification process, you now have an account and can trade with Beaxy. Deposit the funds needed to your account so you can begin buying and selling cryptocurrencies. The Beaxy Blog is a compilation of news articles and tutorials about cryptocurrency trading. It provides extensive knowledge about the crypto industry, the history of Bitcoin, and reviews about new applications and technologies relevant to crypto trading.
This platform is not only available from your desktop, you can also access it via your mobile. Most traders in the crypto world today carry out their trades via desktop (around 70% or so). However, there are naturally people out there that want to do it from their smart phone as well.
- On top of that, a comprehensive and seamless service for all kinds of traders remains to be its main objective.
- In this review, let's look at the features of the crypto exchange, platform bonuses, user reviews and try to understand whether Beaxy is a scam or a reliable platform for cryptocurrency trading.
- The review team lauds this process in particular as this shows that Beaxy is highly conscientious and cautious in handling client data.
- 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.
Once the trade has been executed, your cryptocurrency will be sent to your account. It upgraded the interface to make it more user-friendly and easy to navigate. It also worked on customer centric creativity, better technology, and engagement with crypto smarter. The system also worked on providing additional features, including a multi-stage but seamless process of transactions and the opportunity to buy not only Bitcoin, but other cryptocurrencies, too. When it comes to the Trender trading signal services, it’s difficult to say how well it works without an extended period of time using it.
Beaxy Exchange Key Services
Buying and selling cryptocurrencies on this exchange follows a simple and hassle-free process. Before you can begin filling in orders and executing trades, you have to create an account with Beaxy. Your registration will go through a comprehensive verification process.
Beaxy Trading Fees
Beaxy is a moderately-sized exchange with some 30 trading pairs of different caliber, some highly on-demand, and some – just the options for occasional trading. The size of the selection isn’t the top perk of working with Beaxy, it’s the helpful technologies and the comfort of use that attract the most users. Beaxy isn’t amongst the top crypto exchanges, but it is a fairly interesting choice if what you want is a deeply technological approach to trading and investing. The Hummingbot feature is all about accessing algorithmic trading without having to actually learn it.
What is Beaxy?
The exchange trades 25+ cryptocurrencies in pairs with BTC, USDC, USDT, ETH. The exchange started operating in 2019 and has gained the trust of traders from 200 countries in a short period of time. In this review, let's look at the features of the crypto exchange, platform bonuses, user reviews and try to understand whether Beaxy is a scam or a reliable platform for cryptocurrency trading. The next step is to log into your Beaxy account and pass the identity verification process. Once the team has approved you, you become a standard user and can withdraw up to 30 BTC worth of cryptos per day from any combination of their wallets. The KYC process is very straightforward and much easier to follow and comply with than the KYC-procedures at other major crypto exchanges.
The Trustpilot Experience
Help these potential customers decide whether they would either want to sign up with the crypto exchange or disregard the prospect altogether. Beaxy also uses email alerts and two factor authentication which is compatible with both Google and Authy Authenticators. In order to further secure user accounts, the exchange also provides the ability to whitelist withdrawal address, which restricts the places funds can be sent to. IP whitelisting is also featured and once set up, when you try to log in to your account for the first time from a new location, access will be denied and a red “IP Whitelist” message will appear.
In this section of our Beaxy review we highlight 6 special features that deserves extra attention. To earn passive income, you need to freeze 30,000 BXY for a period of 1 month or more. If I want to buy Bitcoin I place a ‘bid’ order and if I want to sell Bitcoin a place an ‘ask’ order. If I wish to have my order executed immediately I can place a ‘market’ order, which will buy or sell at the best market price.
Other than that there is much to complain over as Beaxy seems to be a very complete digital asset exchange. Beaxy offers fiat deposits with Visa, Mastercard, and Bank Transfers. The minimum fiat deposit is $50 and there is no minimum or maximum limit on cryptocurrency withdrawals. It is registered https://broker-review.org/ in the US as a Money Services Business by Financial Crimes Enforcement Network (FinCEN). Withdrawal fee is calculated personally, taking into account the status of the account and the amount to be withdrawn. The exact amount of commission can be seen when withdrawal request is made.
In September 2020, Kraken became the first US cryptocurrency exchange to be granted a special purpose depository institution charter (SPDI). The review team lauds this process in particular as this shows that Beaxy is highly conscientious and cautious in handling client data. The KYC protocol is simply one of the most unique yet simple ways a private company had devised to effectively verify the legitimacy of its clients.
Beaxy Exchange, the Chicago-based cryptocurrency exchange, was officially launched in February 2020. At the time of launching, the exchange featured only crypto-to-crypto trading. Since then, the exchange has achieved steady growth by adding support for crypto-to-fiat trading as well as exclusive trading tools like Trender.
With only two percent of the world invested in crypto now, the opportunity still exists to reap the rewards of being early to cryptocurrencies and the crypto economy. There are various explanations and tips on how to navigate the platform placed in easy to find locations. The order panel and trade history are placed on the left, while the right is reserved for the order book.
The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees. In summary, we think the Beaxy exchange and trading platform would serve most crypto traders well, but it is far from beaxy exchange review the best. Its unique Trender service, however, could make it a good stepping stone for new traders, so it’s a platform still worth considering if you’re just getting started in your trading journey. This and much more are available and I understand why so many traders like the platform.