Beaxy com Crypto Exchange Review: It Is Good Or Bad?

• logicalcreations
• October 28, 2020
• Forex Trading
• 0 Comments

Beaxy also offers a referral program, which allows you to refer friends to the exchange and receive 10% of their trading fees for the lifetime of their account, which seems to be the standard rate across exchanges. Nonetheless, it is a welcome feature and should contribute to a quick growth of adoption and liquidity on the exchange. This digital asset platform is packed with features that traders love. You have the option to trade crypto on Metatrader 5, you will have your deposit 100% matched up to $500, several fiat currencies are supported for both deposit and withdrawal, algorithmic trading is an option, and AI technology is pretty cool.

This can be reduced, however, using the exchange coin to pay for fees, which provides a 50% discount. You may also choose to lock your BXY tokens in a wallet, in order to receive additional discounts of up to 25% depending on the amount held. This has the potential to reduce your trading fees by up to 75% in total, leaving you with a rate of .12% in trading fees, which is quite competitive.

We will maintain certain data that you transmit to the Site for the purpose of managing the performance of the Site, as well as data relating to your use of the Site. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that relates to any activity you have undertaken using the Site. You agree that we shall have no liability to you for any loss or corruption of any such data, and you hereby waive any right of action against us arising from any such loss or corruption of such data.

This acts as an additional layer of protection and can block an attacker who manages to gain access to a user’s log in details but cannot match the IP address of the actual account owner. The team also declare that standards on the platform are in line with PCI-DSS and ENISA security standards. In addition, they promise to maintain the confidentiality of user data, and state that Beaxy does not and will not sell user data to third parties.

Your funds are safer on Beaxy

Some of our platform recommendations might be our partners and we may earn money through our links on our website but this does not change our opinions as all our recommendations are our own. Our editorial team has hands-on experience in investing, trading, and analyzing the crypto market and through our detailed review page you will get a full picture of what we think about different exchanges and brokers. 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. You may be required to purchase or pay a fee to access some of our services.

We reserve the right to remove, reclaim, or change a username you select if we determine, in our sole discretion, that such username is inappropriate, obscene, or otherwise objectionable. Second, click “withdraw crypto” or “withdraw fiat” in the left menu depending on your preferred withdrawal currency. Beaxy employs institutional accounts for those who want to register as a business. There are severe beaxy review 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. I would love to see a live chat instead of the chatbot as it’s just not enough in many cases when more difficult issues arise. Other than that there is much to complain over as Beaxy seems to be a very complete digital asset exchange.

At the top of the interface are various important factors that 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. Security measures are one of the most important factors you should be looking at when choosing an exchange. The Beaxy team place security at the forefront of their priorities and the security protocols within the exchange are extremely effective and leave your account protected in many ways. The exchange uses two-factor authentication and is compatible with both Google and Authy Authenticators. To deposit funds on Beaxy, click on the “My wallets” tab at the top right of the screen, and select your preferred currency.

Beaxy Customer Support

Make improper use of our support services or submit false reports of abuse or misconduct. Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords. Systematically retrieve data or other content from the Site to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us.

• Other than that there is much to complain over as Beaxy seems to be a very complete digital asset exchange.
• 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.
• Of course, it’s nowhere near Binance with their 500+ pairs, but it’s still a very extensive library.
• 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.

You hereby agree to the use of electronic communication for all purposes relating to use of Company websites and other resources. Furthermore, You hereby waive any rights or requirements under any laws or regulations in any jurisdiction which require an original (non-electronic) signature or delivery or retention of non-electronic records, to the extent permitted under applicable mandatory law. This online crypto trading platform has the main office at this address, E Jackson Blvd, Chicago, Illinois 60604. This next-generation digital asset exchange is employing at least 50 persons which makes this a very real operation in terms of the company size and the focus right now is to be able to serve traders in all of the US states.

Beaxy Supported Currencies and Fees

Simply download and install the platform and set the parameters/criteria you want to automate your trades and then let Hummingbot do the rest. It’s an automatic technical analysis tool that will let you choose from new setups just and it works exactly like Tinder where you swift left and right if you want to accept the new trade setup. Another useful tool is the daily winners on the home page where you can easily scan the daily winners of all coins available. This is a great tool for crypto day traders to track daily volatility. A full view of market depth, order book, and order flow is readily available as well as a sentiment meter that will inform you of the rough sentiment among buyers and sellers. One-click is available for all crypto scalpers out there who are looking to trade order flow.

We are not affiliated with any of the businesses mentioned on this website. Any information presented is not to be used as official investment advice. The integrated https://forex-reviews.org/ price charts are placed in the center of your browser, with the order panel and trade history on the left, while the right is reserved for the order book.

Lastly, it’s not boring, which is always a bane of the otherwise well-done text content. They have basically collected an extremely large library of different cryptocurrencies and crypto tokens. Of course, it’s nowhere near Binance with their 500+ pairs, but it’s still a very extensive library.

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You agree to provide current, complete, and accurate purchase and account information for all purchases made via the Site. You further agree to promptly update account and payment information, including email address, payment method, and payment card expiration date, so that we can complete your transactions and contact you as needed. We bill you through an online billing account for purchases made via the Site. Sales tax will be added to the price of purchases as deemed required by us. All payments shall be in U.S. dollars or approved virtual currencies.

It’s worth noting that users from the USA are currently not eligible to access the Loyalty Rewards program or obtain the PLS token in any way. At this exchange, they accept fiat currency deposits through Simplex. This means that this exchange is what we call an “entry-level exchange..

Beaxy has a tiered fee structure that starts at a 0.25% fixed fee per trade on market takers and a 0.15% maker fee. These rates may be reduced by increasing your user level, which is accomplished by a combination of maintaining an average daily trading volume and / or holding a certain quantity of BXY tokens on the exchange. Personal information is collected in order to provide services, and due to it being mandated by law, such as in the case of Anti Money Laundering and Know Your Customer legislations. The KYC verification process is conducted via Mati who store encrypted user data in AWS servers in the USA.

Most exchanges don’t have these, because you’ll have to develop them yourself or buy a license to them from some third-party. The integrated price charts are placed in the center of your browser, and at the top of the screen, there is a quick summary of important information such as the bid/ask spread, percentage change and volume updated in real-time. The order panel and trade history are placed on the left, while the right is reserved for the order book. You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access.

As mentioned, Beaxy has signed many agreements over the years to allow numerous tokens and coins on their platform. These products are almost unique to Beaxy, so if you’ll find yourself in possession of a peculiar coin, it’ll likely be featured on Beaxy. Besides the possibly good crypto-trading experience, Beaxy has several unique uses that big platforms like Beaxy do not. 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.

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