Beaxy Review 2019: Guide to This Exchange, Is it Safe? All Pros & Cons

Help these potential customers decide whether they would either want to sign up with the crypto exchange or disregard the prospect altogether. The Beaxy trading interface is more than satisfactory, with low trading fees and considerably more order types than most other crypto exchanges, but it is severely lacking in markets. At Trading Browser we aim to protect the end-user by delivering content that is fully transparent and aimed at user experience, trust, and security above all else. In a nutshell, we are a crypto guide with the right ambitions and values. 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.

Beaxy Review – Is This Crypto Exchange A Top Pick?

Trading fees can also be dramatically reduced through Beaxy Black, which we will touch on later. Beaxy’s order panels are a little unusual, but they are still straightforward to use, and Beaxy displays the trade total, fee amount, and available buying power right from the panel. The Beaxy exchange interface is fairly advanced, with charts powered by TradingView, eight different order types, and state-of-the-art order books. 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. One more thing worth noting is that Beaxy is in the final stage of discussions with Optiv, a cybersecurity giant.

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As you move up the Beaxy Black leaderboards through increased trading volume, you will earn more prizes, so the idea is to encourage high-volume trading. 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.

Beaxy Crypto Exchange

1. Beaxy’s trading platform makes use of high throughput and low latency database performance capabilities, allowing the platform to handle up to 225,000 transactions per second (TPS) with less than 1ms of latency.
2. Most notably, cryptocurrency giant FTX collapsed last year and its founder Sam Bankman-Fried was charged with fraud.
3. Grace Wu (she/her) is a product reviews analyst at the Good Housekeeping Institute’s Textiles, Paper and Apparel Lab, where she evaluates fabric-based products using specialized equipment and consumer tester data.
4. The exchange also incorporates the ERC20 BXY Token which allows users to participate in staking in order to receive a 50% discount on trading fees.
5. Everything around us is going digital as daily life moves onto the internet.

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 exchange was previously registered in Saint Kitts and Nevis, but it is now https://traderoom.info/beaxy-cryptocurrency-exchange-review/ owned by Windy Inc. (a Delaware corporation) and Beaxy’s headquarters today are in Chicago, Illinois. Beaxy offers several different order types in addition to regular limit and market orders, including Limit IOC, Limit FOK, Take Profit, and more. 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.

Beaxy Reviews

Particulars such as the user’s country of origin and a picture from his or her ID are required to accomplish the step. A video is then asked to be recorded from the user’s end to affirm that the user who submitted is the user who is actually signing up for the account. The confirmation for successful verification will be sent through email hours after the protocol’s accomplishment. 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. As for the Hummingbot and Beaxy Black, the friction of actually implementing the bot or applying for Beaxy Black will make both largely unappealing to most traders.

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. The project held an Initial Coin Offering (ICO) which ran until September 2018, and raised approximately $3 million in funding, and the exchange has just recently launched. 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.

After your transfers have been confirmed you are free to trade on the exchange. The Beaxy team aim to provide a fully featured exchange that facilitates a comprehensive trading experience and incorporates many of the best features found amongst the current industry leaders. Beaxy is the best Crypto exchange it is simple and easy to use and most importantly trustworthy with great customer service. No, Beaxy is not similar to a traditional finance broker, they offer no financial services such as lending. Users must already have assets to bring to the exchange in order to make use of it. In addition to the fee reduction, BXY tokens can be allocated to Beaxy’s STK Loyalty Program.

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. “After about a week, I received a text message prompting me to select a delivery date. The soonest available date was about a week out, so all together, it took about two weeks for my mattress to arrive,” our tester reported. “I appreciated how seamless the process was, though. I was able to do it on my own time, and didn’t have to chat with a customer service agent.”

He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein. Austin specializes in topics related to cryptocurrencies and blockchain technology. The last feature of Beaxy’s platform https://traderoom.info/ worth mentioning is its signal service that uses pre-built technical analysis to offer actionable trading signals with an acclaimed 63% win rate. To apply, you must fill out an application, have a fully registered and funded account (deposit funds), and trade a minimum of $2,000 worth of crypto each week.

The site accepts multiple types of fiat via bank and wire transfers while also accepting crypto deposits. In addition, they have a partnership with Gunbot, a leading trading bot platform. While they are a relatively new exchange, they are attempting to rival giants such as Binance and KuCoin with their rewards programs. We specialize in crypto trading, powering traders in 185 countries and 43 U.S. states. Like many mattresses these days, you can test the Serta Perfect Sleeper Hybrid Mattress before fully committing — even if you can’t make it to a brick-and-mortar location.

On the date of last updating this review the 24-hour trading volume was as low as USD 1,612 vis-a-vis  USD 19,676 on 18 September 2021, according to Coinmarketcap.com. We hope for Beaxy’s sake that this trading volume improves substantially. Otherwise, it will be difficult for Beaxy to attract new trading users to its platform. 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).