Beaxy Exchange Review 2025: Features and Benefits
The wallet columns include the Wallet Name, Available Balance, Reserved Balance, and Locked Balance, which is the balance locked away in any staking or loyalty programs. You also have Pending and Total Balance columns and the Is Default feature allows you to set the default wallet for each currency. They are also planning on launching a Diamond tier where those who stake over 1 million BXY tokens will receive a prorated distribution of 7% of the exchange’s average daily revenue. Setting up a Beaxy account is a an extremely simple endeavor that takes a matter of minutes. Of course setting up an account for buying and trading cryptocurrency will take a little bit longer because Beaxy requires users provide some amount of personal identification to avoid money laundering.
- 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.
- These price predictions have a 63% win rate and are pre-built technically with data-driven pattern recognition.
- As a result, Beaxy could be well worth getting to know early on and users can take advantage of the various incentive programs to make their trading activities more cost effective.
- 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.
- 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.
- 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.
Top Crypto Exchanges
Furthermore, Beaxy is also among the very few exchanges in the space to offer live chat support, this is especially valuable when a critical issue arises. Users holding PLS on the Beaxy Exchange receive a percentage of all transaction fees collected by the exchange based on the duration the PLS Tokens are locked. At the time of writing, Beaxy Exchange has 22 coins listed with a BTC pair and 3 coins listed with a USDC pair. 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.
Exchange Security
Atomic is teamed up with both of them, providing users to trade their funds wallet-to-wallet from the Swapping list. Atomic is a cold storage non-custodial wallet for over 1000 types of assets, including well-known coins and all ERC-20 tokens. As a result, Beaxy could be well worth getting to know early on and users can take advantage of the various incentive programs to make their trading activities more cost effective.
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. In short, the digital assets are under bulletproof protection on Beaxy thanks to Curv’s approach to security. The site accepts multiple types of fiat via bank and wire transfers while also accepting crypto deposits.
Support
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. Unlike Binance, Beaxy will not reduce the trading fee discount over time, meaning that you will not pay more the longer you use the exchange. The platform provides 24/7 support to their users with live chat and an AI bot, which is especially valuable when a critical issue arises.
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. Beaxy is a relatively new cryptocurrency exchange and we see strong security features with an active insurance fund of up to $250,000 due to the registration as a Money Service Business. This adds to their credibility and we definitely recommend our traders to use this platform. Beaxy has a tiered fee structure that starts at a 0.25% fixed fee per trade on market takers, meaning you take an already existing order off the book, and a 0.15% maker fee, meaning you put on order on the book.
At the top of the screen, you’ll find a quick summary of important information such as the bid/ask spread, percentage change and volume updated in real-time. Additional trading pairs are available through a handy drop-down menu which includes a search bar for ease-of-access. 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.
We reserve the right to change, modify, or remove the contents of the Site at any time or for any reason at our sole discretion without notice. We also reserve the right to modify or discontinue all or part of the Site without notice at any time. We will not be liable to you or any third party for any modification, price change, suspension, or discontinuance of the Site. Use the Site in https://traderoom.info/beaxy-cryptocurrency-exchange-review/ a manner inconsistent with any applicable laws or regulations.
The Parties agree that any arbitration shall be limited to the Dispute between the Parties individually. Such informal negotiations commence upon written notice from one Party to the other Party. If you believe that any material available on or through the Site infringes upon any copyright you own or control, please immediately notify us using the contact information provided below (a “Notification”). A copy of your Notification will be sent to the person who posted or stored the material addressed in the Notification. Please be advised that pursuant to federal law you may be held liable for damages if you make material misrepresentations in a Notification.
The platform aims to provide traders with a comprehensive service that appeals to both newer traders and more experienced participants. This online crypto trading platform has the main office at this address, E Jackson Blvd, Chicago, Illinois 60604. This and much more are available and I understand why so many traders like the platform. It’s easy to use and from the main menu, you have access to features such as trender and signals which are two automatic tools for day traders that help you find new setups that have up to 70% win accuracy.
Due to its relative youth, Beaxy may be best suited to people with a good understanding of trading digital assets and using exchanges, although the platform is set out in a way that makes it easy for new users to get acquainted. 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.
To start the KYC verification process, click on your “user” tab on the top right of the page and look for the “KYC” button. Investment decisions and strategies of any kind are subject to various market, currency, economic, political and business risks. Investment decisions may not be profitable and may result in the loss of your entire invested amount.
It is well suited for both beginners and experienced traders as the platform is well made and there is not much clutter to be confused by. Traders who enjoy good custody of tokens, algorithmic trading, crypto welcome bonuses, AI technology, and crypto trading signals will definitely enjoy Beaxy. Beaxy is a US crypto exchange that is focusing on making finance more digital and has created a very innovative crypto trading platform which is run by the company Windy inc at the registered address of E Jackson Blvd, Chicago, Illinois 60604, US. 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.
