Through Beaxy’s US Trust partner, Prime Trust, your fiat holdings on the exchange are backed by FDIC insurance for up to $250,000 per account. Another facet of Beaxy’s service that really attracted the review team was its low commission fees and perks and bonuses. Low commission beaxy exchange rates of up to 0.75% are also made available to clients once they stake their loyalty points and their Beaxy coins together. Before a user can purchase cryptocurrencies through Beaxy, connecting the user’s account with the bank account of his or her choice takes precedence.
Now what if Beaxy’s native exchange token can offer traders more value from holding and using rather than selling? This was the goal in mind when designing the initial utility of the token, as well as the inspiration for the additional features that will become available as we build the exchange out. 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. 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.
The exchange has a variety of different tools that can help the user execute their trades. One of the best features is the calculator that you can locate at the top of the trading graph. You can use this to calculate the profits and losses of certain trades that you’re thinking about making. Explore both the ‘Buy’ and ‘Sell’ tabs, if you manage to calculate a trade that you’d like to place then you can click the Autofill button on the calculator to do so. Holders will receive a proportionate share of up to 25% of the monthly transaction fees collected by the Beaxy Exchange according to the number of PLS tokens held. Receiving a proportional share of loyalty rewards means what you collect through the Loyalty Program will be impacted by how many PLS tokens you have locked relative to how many PLS tokens others have locked. We want to use BXY to give users the opportunity to add unique features that will be obtainable directly through your exchange account.
It incorporates a range of attractive features with more expected to be added over the coming months and years. More experienced crypto traders will be impressed by the variety of market orders available on Beaxy, and they include Market, Limit, Binance blocks Users Post Only, Limit IOC, Limit FOK, Stop Loss, Stop Loss Limit, Take Profit, and Take Profit Limit orders. Diamond Account– Requires the staking of 1,000,000 BXY, and yields a 25% discount on trading fees with a 500 BTC daily withdrawal limit.
This exchange, however, is on the totally opposite side of the spectrum. The network fees vary from day to day but are roughly 15-20% of the global industry average BTC-withdrawal fee.
The cryptocurrency exchange will continue working to close the gap between cryptocurrencies and the legacy financial system. Because of this, you may want to hold on your investments for a while until the pre-sale of the tokens is better. Today we are going to review a new cryptocurrency exchange that we have found in the market. There is a great variety of customer support features upon the Beaxy exchange. You can submit a request to their customer support team regarding any issue that you have and they should get back to you rather quickly because of their 24/7 customer support. The security protocols within Beaxy are very effective and leave your account protected in many ways.
Increase your profit margin by spending less on fees when you trade fiat for crypto. Btcoin TOPS 34000$ Once everything is set up, the user may already start funding the account.
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. Download the Beaxy crypto trading app and trade your BTC and access markets anytime and anywhere. The exchange has made headlines recently by proclaiming to have service which will make it more preferable to Binance and other leading cryptocurrency exchanges. Their partnership with One Market Data- which lists Bloomberg among their clients- allows them to include features such as trailing orders or OSO.
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. These include high trade processing speeds, advanced beaxy exchange order types, high grade security protocols, loyalty and referral programs and 24/7 customer support. The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees. There are exchanges out there that charge low trading fees and then hit you with high withdrawal fees. Because once you’re in, you can’t get out without paying withdrawal fees.
Every time you log into your account from a new IP address then you need to confirm the login from your email. There’s also the 2FA code that you must have in order to log into your account to make sure you always have the key to log it into. These features really bring the user peace of mind because they know that their assets are safe. 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.
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The user is given the freedom to fund the account with whatever cryptocurrency he or she prefers. Relevant educational resources for traders will be linked directly in the exchange. ’ near anything on the exchange will bring you to a related support article. Beaxy’s superior customer service team is staffed around the world and provides prompt 24/7 live support for users, so you can get support even in the extreme cases where you need help as soon as possible. Beaxy believes that cryptocurrencies can thrive alongside national currencies. As such, their aim is to reduce that layer of friction between crypto and fiat currencies to the fullest extent possible. By providing an on and off-ramp for currencies that are used by more than one billion people worldwide, Beaxy took a giant leap in the right direction.
Platinum Account– Requires the staking of 500,000 BXY, and yields a 20% discount on trading fees with a 200 BTC daily withdrawal limit. Gold Account– Requires the staking of 150,000 BXY, and yields a https://www.binance.com/ 15% discount on trading fees with a 100 BTC daily withdrawal limit. Silver Account– Requires the staking of 50,000 BXY, and yields a 10% discount on trading fees with a 60 BTC daily withdrawal limit.
In addition, they promise to maintain the confidentiality of user data, and state that Beaxy does not and will not sell https://beaxy.com/ user data to third parties. Customer Support –Beaxy provides 24/7 customer support with live chat functionality.
- Beaxy is an upcoming cryptocurrency exchange platform that also features multi-tiered coin staking where users earn an amount of discount depending on the number of coins they stake.
- The cryptocurrency exchange, which is expected to launch this January, will be a “one-stop shop” for all things crypto with fiat-crypto pair trading, OTC trading, 26 order types and information for crypto newbies.
- The company works as a cryptocurrency exchange and it has many interesting features which will attract investors.
- Market makers are being encouraged to use the exchange and are exempt from trading fee commissions.
- 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%.
- In order to pay your fees with BXY, click on your profile, and select “Fees”, then move the “Pay with BXY” slider button to the “On” position.
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. This platform is not only available from your desktop, you can also access it via your mobile. Most Btc to USD Bonus traders in the crypto world today carry out their trades via desktop (around 70% or so). However, there are naturally people out there that want to do it from their smart phone as well. 2020 was a year full of explosive growth in crypto – we are looking forward to an even wilder 2021.
Beaxy is a next generation cryptocurrency exchange powered by the same technology driving Wall Street. With a revolutionary matching engine and more order types than any other spot exchange, Beaxy sets itself apart technologically. It further distinguished itself with a transparent and fair listing process, prompt customer support, and a dedication to building bridges between projects and players in the cryptocurrency community. The move to launch BSV-based trading on beaxy exchange comes as demand for the digital asset continues to grow globally, with the utility of its massively scaling blockchain driving expansion of data use cases across many industry sectors.