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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. Referral programs, low trading fees, 24/7 support and options to customize the trading experience are also positive. Launched on 10 Jun 2019, Beaxy Exchange is a centralized exchange, headquartered in The Board of Trade in Chicago, IL. The exchange claims to support 6 fiat pairs, a two-way fiat ramp, credit and debit card support, and spot cryptocurrency trading. Cryptocurrencies are reportedly secured by Curv institutional custody and fiat accounts are insured up to $250,000. Beaxy Exchange offers prebuilt TA, signals, for cryptocurrencies listed on their platform.
At the moment, the only restriction imposed on unverified users is the withdrawal limit of 1BTC. In the future, depending on the actions of regulatory authorities, conditions may change. The fee structure and various incentives should prove successful in helping to attract users to the platform and improve the validity of the BXY token. Beaxy is a new exchange that is aiming to become a leader in the crypto trading space. It incorporates a range of attractive features with more expected to be added over the coming months and years.
Members of their team have reportedly built trading desks in Chicago, IL. Their API feature REST and WebSocket as well as FIX, view the documentation here. You understand and agree Company does not and is not licensed to provide any investment advice or investment management services, and we expressly deny providing any such advice or management services. The Website is for information purposes only, and no assurances can be given as to the accuracy or reliable of information and content on our Website. Any premium features or services offered through the Website are also provided with no warranties express or implied, and you assume all risks of use. 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. Beaxy’s fees begin at a slightly higher rate than some of its competitors, at a rate of .16% of the notional value of your order.
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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. 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.
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. After generating an address, you’ll see the standard QR code and alphanumeric string and either can be used to transfer funds from an existing wallet.
Beaxy Withdrawal Fee
Beaxy, a U.S.-based cryptocurrency trading platform, allows you to trade, buy, and sell popular cryptocurrencies such as bitcoin and ethereum. 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. The exchange also features the most advanced interface, data compilation, trading tools, and security measures to date.
We do not provide investment advice, nor provide any personalized investment recommendations and/or advise on the merits of any investments. We also do not provide any assurances the features, functionality https://forex-reviews.org/ or the information offered on our Website is accurate, reliable or will function to your satisfaction. We compile freely available information for use in our premium trading signals platform.
This allows Beaxy to provide solutions for high frequency traders and the platform is designed to scale and is already able to handle 225,000 transactions per second. In the future, the team aim to add OTC trading capabilities, margin trading, and portfolio management features that will appeal to a variety of traders. When you successfully complete the tasks, the process is finished; however, the Beaxy team recommend taking pictures with PhotoScan by Google Photos or Office Lens by Microsoft as they are more reliable with regards to producing clear images and capturing documents. After finishing the KYC application process, you will see the icon next to your name change to “Under Review”, and you’ll receive notification of your results once the review has been completed. 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 loyalty rewards payout for this day will be $2,500, and this balance is displayed on the Loyalty Rewards page as a “Pending Balance”, and changes everyday once the calculations are performed at midnight. The Pending Balance gets credited to user accounts on the first of each month, and Beaxy provides downloadable, monthly loyalty rewards reports and rewards are paid out in each kind of currency that the exchange charges a commission on. Security – The Beaxy team place security at the forefront of their priorities and the exchange uses two factor authentication and is compatible with both Google and Authy Authenticators. The exchange also allows for withdrawal address and IP whitelisting, and the team also promise to maintain the confidentiality of user data. Standards on the platform are in line with PCI-DSS and ENISA security standards.
Trustee Wallet is the best crypto wallet for safe storage and profitable purchase of cryptocurrencies. Intuitive design, innovative security technology, anonymity, and endless possibilities all in one place. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions.
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. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy. Beaxy offers several different order types in addition to regular limit and market orders, including Limit IOC, Limit FOK, Take Profit, and more.
About the special features on Beaxy
As Beaxy is still building its reputation and developing its user base, it offers an attractive fee structure and various incentives, which should prove successful in attracting users to the platform and improving the validity of the BXY token. 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.
It is registered in the US as a Money Services Business by Financial Crimes Enforcement Network . It’s relevant – most speak about some important changes on the markets or on the exchange. It’s informative – many teach you how to be a better trader as well as keep you aware of recent news.
More experienced crypto traders will be impressed by the variety of market orders available on Beaxy, and they include Market, Limit, Post Only, Limit IOC, Limit FOK, Stop Loss, Stop Loss Limit, Take Profit, and Take Profit Limit orders. 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 click the Mati “Verify me” button, and choose your preferred language. You can also complete the verification process via smartphone, and you can click the link at the bottom of the panel and then enter your email address. Mati will send a link to this email that can be used to continue the verification process by phone. To start the KYC verification process, click on your name and select KYC in the drop down menu.
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Once you completed the above steps, you will have to wait until you receive a notification that your documents have been approved, which might take up to a couple of hours. It’s supposed to be a simple and intuitive way of trading, and, reportedly, it increases your win rate by 63%. However, it means you’ll have to rely on the judgment of whoever sends you these matches – a bot, most likely.
- The arbitration may be conducted in person, through the submission of documents, by phone, or online.
- The interface is also customizable and includes scrolling ticker settings for speed, visibility, and favourite pairs.
- When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.
- 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.
Check out Bitsgap, leading crypto arbitrage bot to learn the best way of doing it. 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.
How To Verify Your Beaxy Cryptocurrency Account ?
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Beaxy Exchange API Portal
Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes. 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.
