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 https://investmentsanalysis.info/ which is why a new kind of platform was needed – one that speaks the language of both finance and crypto. Satoshi Nakamoto mined the first Bitcoin block, known as the genesis block, on January 3rd, 2009.
- However, users who choose to pay their trading fees in BXY tokens receive a 50% reduction and pay a fee of 0.1%, and anyone participating in the exchange’s Staking Program can reduce their fees by an additional 25%.
- To transfer funds, you’ll need to click on the “My wallets” tab at the top right of the screen, and select your preferred currency and click on the + icon next to it.
- There are severe 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.
- With the Beaxy mobile application, you get access to Signals through Trender, the swipe-based trading application that is similar to popular dating applications.
- Curv custody of crypto, FDIC Insurance of fiat, along side it being a completely compliant exchange.
Key Features
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. The reward calculations for payouts are performed everyday at midnight UTC, however the actual payouts for loyalty rewards are made on a monthly basis, on the first day of each month with PLS holders receiving rewards for the previous month. In the following example, if a user locks up 100K BXY tokens for 6 months, they will receive 100K PLS tokens. If there are also 10 million BXY tokens locked up in various accounts on Beaxy, there will be 10 million PLS tokens in circulation. 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.
Most transparent and user focused…
You can only trade your BXY tokens for this token and when you receive it you can lock them up for a certain time, which will get you a percentage of your trading fees back. We can help you to create a springboard for building your crypto portfolio and guide you to a comprehensive understanding of the processes connected with trading on a cryptocurrency exchange. Beaxy was constructed by a team comprising primarily finance experts using finely tuned algorithms and other assets to analyze current dynamics in the crypto world. Using cutting-edge trading tools, our team enables you to find the best way to manage your cryptocurrency exchange accounts.
How Beaxy compares to other U.S. crypto exchanges
You also have Pending and Total Balance columns and the Is Default feature allows you to set the default wallet for each currency. You can also make transfers within your wallets and create new ones. The first time you deposit into a wallet, you will be asked to generate an address for it. The Beaxy Exchange mobile application gives you everything to be aware of and active in the crypto markets. Use the mobile application to seamlessly open and close positions, monitor open positions, set price alerts for your favorite assets, get important updates and offers from Beaxy, move your crypto and fiat while on-the-go, and more. Cryptocurrency Pairs Pick the cryptocurrency pair you wish to trade on.
Deposit Bonus
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. Hamazaspyan also allegedly misappropriated at least $900,000 for personal use, including gambling, the SEC said.
Crypto Trading on Beaxy
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. 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.
If you are looking to get in on the bull market that has arrived in Crypto Trading, Beaxy Exchange is the place to be. Beaxy is a U.S.-based cryptocurrency exchange that allows you to buy, sell, and trade popular cryptocurrencies like bitcoin and ethereum, in addition to 35 other cryptocurrencies. Online crypto trading is taking the financial world by storm, which is why Beaxy has incorporated trading bots like Gunbot and Hummingbot into its spot-priced cryptocurrency ecosystem.
This is a huge relief for many traders as many are forced to use other platforms just to get their coins converted in and out of the blockchain. Beaxy solves this and makes it very easy for traders who are looking to cash out their cryptocurrency gains on the same platform. Beaxy is a new exchange that looks to be one of the most promising up-and-coming exchanges on the market, bringing many new features and a high-performance trading engine to market with a smooth user interface. The platform is set out in a way that makes it easy for new users to get acquainted.
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. To start the KYC verification process, click on your “user” tab on the top right of the page and look for the “KYC” button. 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 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. Beaxy also uses email alerts and two factor authentication which is compatible with both Google and Authy Authenticators.
To transfer funds, you’ll need to click on the “My wallets” tab at the top right of the screen, and select your preferred currency and click on the + icon next to it. From here, you can select which document you wish to use to verify your identity, and acceptable forms include a Driving License, a National ID, or a Passport. It’s worth noting that users based in the USA cannot use a passport for verification due to state-specific laws, and must use a valid driver’s license or state ID. The Recent Trades section is displayed beneath the order book on the right side of the Trading Page. It lists all recently completed trades on the current trading pair in chronological order.
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