Forex Trading

Beaxy Review- A Legitimate Cryptocurrency Exchange

It’s also worth noting that Beaxy operates a loyalty reward program that incorporates the PLUS Token (PLS), an exclusive token to the Beaxy exchange. 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. Get global access to major fiat currencies with deposits, withdrawals, and trading support enabled for the six national currencies that are offered to each client to gain access to trading opportunities unlike any other. As long as you are in a valid jurisdiction, you can move funds between cryptocurrency and USD, GBP, EUR, JPY, AUD, and CAD. With so few exchanges offering the same level of access to the global fiat markets with cryptocurrency, mispricings often occur that can be taken advantage of by having access to multiple fiat currencies on one exchange.

Beaxy Trading fees

Order books contain orders to buy or sell an asset that are determined by exchange users. Orders are matched by the exchange matching engine to produce completed traders. Beaxy is a moderately-sized exchange with some 30 trading pairs of different caliber, some highly on-demand, and some – just the options for occasional trading. The size of the selection isn’t the top perk of working with Beaxy, it’s the helpful technologies and the comfort of use that attract the most users. Both versions are rooted in ease of use, giving traders a light and intuitive user interface.

Beaxy Exchange sets the bar

This move allowed Binance to keep its flagship platform running with a more lenient verification process. The trading fees for Beaxy are also relatively low, with a maker fee of 0.1425% and a taker fee of 0.2375%. Since Beaxy is registered as an MSB in the US they are obliged to keep a reserve fund for their clients. beaxy exchange review When you trade on the exchange you can rest assured that up to $250,000 of your capital is insured and if the worst-case scenario would ever happens, Beaxy got you covered. Simply download and install the platform and set the parameters/criteria you want to automate your trades and then let Hummingbot do the rest.

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  1. Beaxy is a powerhouse platform that is well-suited from manual and automated trading strategies.
  2. On the left side of the chart, you can see a category of tools and indicators that reach up to nearly a hundred.
  3. BXY token itself is an ERC 20 token and gives users of the platform many other benefits, such as loyalty rewards and coin staking.
  4. With the integration of top-notch technologies into its system, it managed to provide a platform that enhances both trading experience and margin of profitability.

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. A full view of market depth, order book, and order flow is readily available as well as a sentiment meter that will inform you of the rough sentiment among buyers and sellers. One-click is available for all crypto scalpers out there who are looking to trade order flow. 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.

Funding the Account

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. Beaxy utilises a simple to use and intuitive UI, which is customizable and includes scrolling ticker settings for speed, visibility, and favorite pairs. There are both day and night modes available, making the trading panel easy on the eyes and presenting information and execution panels in a clean and easy-to-read manner. TradingView provides the price charts that are located in the center of the interface and provides a full range of technical indicators and various charting color options. Beaxy’s customer support staff is available 24/7 to take you through the platform or help you resolve any issues that you may encounter. Contact our customer service agents that are ready to provide assistance in a timely manner or try out Bixie, the automated support agent that lives in the bottom right corner of your screen.

Among these, security, performance, low trading fees and 24/7 support are the ones we deem most important. Naturally, referral programs and options to customize the trading experience are also positive. When it comes to the Trender trading signal services, it’s difficult to say how well it works without an extended period of time using it. It also probably isn’t suited for anyone with a lot of trading experience, but the assumption is that Beaxy aims to target those more unfamiliar with digital assets or legacy finance. 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.

Other accounts that may be used for staking are the Silver, Gold, Platinum, and Diamond. It is important to note that levels rely heavily on the number of cryptos they want to stake. Another addition to the increasingly competitive altcoin market is the Beaxy cryptocurrency exchange. The platform intends to deliver virtual coin-related solutions far better than what is currently offered in the industry.

According to this document, registration on the platform is available to persons over 18 years old. You have the right to create only one account and only for personal use. The Beaxy Platform is easy to navigate and well-equipped with hundreds of tools and indicators. It has a clear format of charting, which can be modified with different time intervals.

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. This digital asset platform is packed with features that traders love. 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.

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