There is also an option to earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. There is also another way to get discounted trading because with the staking program, you will have the option to lock up some of your BXY tokens to receive a discounted trading fee. Beaxy aims to become a leader in the crypto trading space and is best suited to people with a good understanding of trading digital assets and using exchanges.
Commissions and Rewards
The integrated price charts (provided by TradingView) 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. 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. While the look and feel of Beaxy may not be the absolute best, that’s ultimately up to each user when deciding on a crypto exchange, so it’s hard to fixate on that as a reason to pursue Beaxy alternatives. 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. For each person you refer to the program, you’ll receive extra percentage points for any transaction fees collected throughout their trading.
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We shall not be responsible or liable for any loss, damage, delay, or failure to act caused by any cause beyond our reasonable control. There is no joint venture, partnership, employment or agency relationship created between you and us as a result of these Terms of Use or use of the Site. You agree that these Terms of Use will not be construed against us by virtue of having drafted them.
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The KYC verification process is conducted via Mati who store encrypted user data in AWS servers in the USA. 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 https://traderoom.info/ 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.
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.
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- The Hummingbot is a nice feature, but it’s very frustrating to get going or learn how to integrate despite Beaxy’s customer support resources.
- Chris Jericho arrived before the bout to join commentary and have Taz removed from the venue, thanks to paperwork approved by the EVPs.
Beaxy is operated by the firm, Beaxy Digital Ltd. which is registered in the Caribbean Islands. What makes it standout among the other crypto exchange companies is its claim at bridging cryptocurrency trade and legacy finance. On the onset, what the review team could confirm is the exchange’s dedication in upgrading its the technology that it uses to execute its transactions. The https://traderoom.info/beaxy-cryptocurrency-exchange-review/ 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.
Beaxy offers a competitive fee structure that is in line with most of the crypto market. As with other exchanges the fees get lower the more volume you trade and the more of their proprietary token you hold. If you are able to afford to hold a half million BXY then you have no trading fees to worry about. As this is the case, the review team had performed an exhaustive review of all services and functions offered by the platform. It is the goal of the team to provide a pointed and informed assessment of Beaxy.com so as to 1.
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 utilises a simple to use and intuitive UI, which is customizable and includes scrolling ticker settings for speed, visibility, and favorite pairs.
Beaxy solves this and makes it very easy for traders who are looking to cash out their cryptocurrency gains on the same platform. Beaxy also features an online 24/7 customer support with live chat functionality, handled by a dedicated multi-language team and a ticketing system where users can submit support requests. Other support resources feature an FAQ section and Knowledge Base, and an active social media presence.
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. Any such use of our IP and Website may result in financial loss, and you assume all such risks of loss regardless of reason. Any purchases you make through Third-Party Websites will be through other websites and from other companies, and we take no responsibility whatsoever in relation to such purchases which are exclusively between you and the applicable third party. You agree and acknowledge that we do not endorse the products or services offered on Third-Party Websites and you shall hold us harmless from any harm caused by your purchase of such products or services. Additionally, you shall hold us harmless from any losses sustained by you or harm caused to you relating to or resulting in any way from any Third-Party Content or any contact with Third-Party Websites.
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They will also be adding advanced order types as options, which is a feature that current exchanges are significantly lacking in. These will include the option to choose between trailing stops, “fill or kill” orders, orders which expire at a certain time and many others which traders with complex strategies will find incredibly welcome. 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.
After generating an address, you’ll see the standard QR code and alphanumeric string. Either of these two features can be used to transfer funds from an existing wallet. However, your funds will only be deposited to the wallet set as default, and you can then transfer freely between your internal wallets. She specializes in developing low latency enterprise applications with extensive experience in Agile methodologies. She also has over 10 years of experience with technologies like Core Java, J2EE, AngularJS, JavaScript, Hibernet, and RESTful Web Services.
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. 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.
