Have a blast with its fast processing speeds, 24/7 customer support, and great trading tools. In their roadmap, Beaxy outlines a plan to bring over-the-counter market functionality as well as the ability to directly exchange fiat currency for your favorite coins. They also plan to add new tokens and coins on a regular basis in addition to the 24 trading pairs they will launch with. 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. Operating under Beaxy Digital Ltd, the online exchange offers top notch security, satisfactory customer service, and decent offerings apart from its digital assets.
Beaxy offers several different order types in addition to regular limit and market orders. Some of these order types include Limit IOC, Limit FOK, Take Profit, and more. Right next to your selected currency, you will see a “+” icon which once clicked, displays the different wallets that you can make the deposit to. At the end of the review, we also outline some Beaxy alternatives in case you want to consider other exchanges as well.
Beaxy At A Glance: Pros And Cons
This feature also has a separate personal customer support team that will help you with anything in the Beaxy Review program. Hummingbot focuses on helping clients in algorithmic trading, but with an added feature.
Being young in the industry means not having an expansive reputation, let alone, a distinguishable industry identity. And while this review does not aim to lift the firm up a pedestal, it does help in recognizing the pros and cons of signing up with Beaxy. Everything around us is going digital as daily life moves onto the internet. Cryptocurrencies are simply the next step in the digitization of our world, so you can think of a cryptocurrency exchange as a place to move your money from analog to digital, from paper to bits. Performing such a conversion has the benefit of solving difficult problems surrounding the movement of money in traditional finance.
Beaxy Cryptoexchange Overview
Full-service crypto trading – charting, analysis, news feed, integrations, and more. Industry-Leading Security Institutional-grade security on your crypto deposited to beaxy. Wire funds from anywhere in the world to an exchange with more major fiat pairs. It’s supposed to be a Tinder-like trading app, in which the users are given potentially good deals as ‘matches’ they can swipe left to reject or right – to agree to.
Charging a trading fee of 0.1% for both maker and taker trades, it’s fee structure is slightly higher than the one of Beaxy. On the contrary to Beaxy, Bitfinex also offers margin trading and fiat currency pairs for several major cryptocurrencies, like ETH, LTC, and XRP. In order to withdraw funds from Beaxy, all users must complete an identity verification process first. The exchange offers 24/7 support out of their 3 offices around the world. One of the strongest value propositions of Beaxy is its extremely attractive fee structure. Beaxy is one of the few cryptocurrency exchanges that have their own cryptocurrency, the BXY token.
- Without signing up for an account, you can buy or trade altcoins in an instant and have them transferred into your own wallets.
- Once you have been approved by the team, you become a standard user and have a withdrawal limit of up to 30 BTC a day!
- Yes, Beaxy is currently missing some top tier cryptocurrencies such as Polkadot , Cardano , and Stellar , all of which are top 10 assets.
- Oftentimes, traders that are successful are traders that learned how to remove as much bias, fear, and greed as possible from their mentality.
- 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.
- Buying cryptocurrenciesstarts with finding the best crypto exchange for you and your specific needs.
Still young in the cryptocurrency trade, Beaxy had already made a mark in the industry through its provision of a wide range of coins, from the most popular to the not-so popular ones. The firm is an expansive venue for trading digital assets with the highest value, demand, reputation, and stability. Beaxy has several noteworthy features despite being relatively young in the industry. It is also a good starting point for a cryptocurrency exchange to offer quality and efficiency at the same time. Algorithmic trading is made easier with Hummingbot through its advanced strategies and an automated trading that functions day and night. It has a user-friendly interface, allowing even novice traders to perform algorithmic trading without prior knowledge. While the review team had found to be a good feature, the matters stands that the KYC Protocol only protects the Beaxy platform, not the client’s data.
The price chart can be organized and viewed in different time intervals, to let you get a better grasp about the market’s movement every second, forex hour, or even days. On the left side of the chart, you can see a category of tools and indicators that reach up to nearly a hundred.
How To Start With Beaxy Com
Make improper use of our support services or submit false reports of abuse or misconduct. Systematically retrieve data or other content from the Site to create or compile, directly or indirectly, a collection, compilation, database, or directory Foreign exchange autotrading without written permission from us. If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of the Site .
To the right all the different markets you can trade if you want to swap while trading. Rember that this fee will always will be higher than the trading comission.
Beaxy Review 2021
After a month of using Beaxy’s services, the review team had found that the trading conditions provided by Beaxy are promising in that it provides a venue for lucrative cryptocurrency trades. The commissions offered by the firm are competitive while the fee structures and promotions are enticing as they provide more chances to earn and a louder bang for their buck.
I haven’t seen an instant trading platform with a fully developed trading interface. ProsConsMassive list of altcoinsNo fiat payment0% trading feeNo trading interfacesSupportNo leverageNo signupNo option to short tokensTrusted exchangeIf you would like to trade on SimpleSwap, click here to visit the exchange.
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. 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.
Buying and selling cryptocurrencies on Beaxy has never been easier with the new and improved features of this exchange. Aside from fast execution and added assets to trade, Beaxy also improved its security standards. The Hummingbot feature is all about accessing algorithmic trading without having to actually learn it. Hummingbot is one of Beaxy’s partnership features and it performs forex analytics automated trading through bots, which is its main trading strategy. The bots work day and night, which is beneficial for both beginning and professional traders. No matter how clueless you are about algorithmic trading, you can use this strategy with the help of Hummingbot. For clients without any trading experience, Beaxy offers a comprehensive guide on how to trade.
After it finally debuted in the market in 2018, it immediately gained popularity mainly because of one encompassing aspect- the integration of the industry’s leading tools and technology. Beaxy Exchange’s vision is to help clients achieve financial freedom and build a better financial future.
Buying Cryptocurrencies Through Beaxy
Once you are on the trading interface, you can now put up your first buy or sell order. Once you have been notified that your KYC documents were approved, it’s time to deposit the funds that you want to trade with. After clicking on the link in your confirmation email, the next step is to log into your Beaxy account and pass the identity verification process. The goal is to help you decide if Beaxy Exchange is the right fit for you, or if you should look for a different cryptocurrency exchange. Beaxy has partnered with a renowned cyber-security firm to fully audit our exchange. Features like, automatic sweeping, phishing prevention, 2FA, IP whitelisting, and more are part of mission to deliver a powerful secure platform to users.
