Beaxy Exchange: Features, Instruments and Software Review

Beaxy Exchange: Features, Instruments and Software Review

It would be wise to consider this option because even the initial API allows you to receive large quantities of real-time and historical market information, as well as make 100+ decisions every second. It means you’ll be very well armed to work with many markets at the same time. 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.

  • Beaxy employs institutional accounts for those who want to register as a business.
  • You can use the “Take pictures with Smartphone” feature, and both a Driving License and National ID must have both sides uploaded.
  • She also has over 10 years of experience with technologies like Core Java, J2EE, AngularJS, JavaScript, Hibernet, and RESTful Web Services.

The exchange regularly adds new cryptocurrencies, expanding trading opportunities on favorable terms. The company offers trading in the modern MetaTrader 5 terminal with the possibility of opening fiat accounts. In general, the cryptocurrency exchange can be called a reliable developing platform with high chances of reaching the top of cryptocurrency exchanges. Register on the platform, open a deposit and receive bonuses from the company. As early as mid-2018, Binance knew or should have known that enabling such activity would result in violations of sanctions.

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. 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. 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. Some of our platform recommendations might be our partners and we may earn money through our links on our website but this does not change our opinions as all our recommendations are our own.

About the special features on Beaxy

Beaxy fees vary based on the type of cryptocurrency that you can see clearly below. The platform provides 24/7 support to their users with live chat and an AI bot, which is especially valuable when a critical issue arises. There are also further resources aimed at newer traders such as the FAQ section and Knowledge Base, and the team is active on social media. It can be contacted across their different channels, including their Telegram group, Discord server, and Twitter account. Every registered user of Beaxy crypto exchange can participate in the referral program of the service. To join the referral program you have to register on the platform and get a referral link in your personal cabinet.

Mittal is a full stack developer that has worked for IBM software labs as a Rational Product Developer for 4 years. Yes, this exchange allows US citizens to buy, sell, and trade both bitcoin and other cryptocurrencies. Please check the website for more information as they update they are working on adding more US states all the time.

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. 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 exchange also incorporates TradingView charts with a full range of technical indicators, and trading analysis, beaxy review data research, and back-testing services from OneMarketData. 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. 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.

  • The historic sum of OFAC’s action reflects the egregious nature of Binance’s conduct, the high volume of its transactions, and senior management’s involvement.
  • A driver’s license, national ID card or civilian passport can be used as an identification document.
  • 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.
  • From there, they draw numbers and pick the gifts out one by one from the pile.
  • Beaxy has also secured an exclusive partnership with OneMarketData to provide stock market exchange level order book and matching data systems.

After that, click on the + icon next to it, which will expand the list of wallets you have for this currency. Now, select your country of residence and also submit a picture of your National ID, driving license or passport. Those people who are submitting a National ID or driving license, will have to take a picture of both sides of the document. Also, users based in the USA must use a valid driver’s license or state ID. Before uploading the document, you will need to select the country your document was issued in. However, if you decide to transfer digital assets, the amount can be even smaller.

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. The company is registered in St. Kitts & Nevis in the Caribbean Island, but also has offices in Chicago and Illinois. However, the company is actively researching the opportunities to be registered in Malta or Gibraltrar.

Its unique Trender service, however, could make it a good stepping stone for new traders, so it’s a platform still worth considering if you’re just getting started in your trading journey. This is not to say either service is terrible, but they certainly aren’t good compared to other bot trading platforms or cryptocurrency exchange VIP/reward systems. No matter how large or small, the process of buying and selling crypto requires you to fund an account using recognized payment method.

Parent Company

Simply download and install the platform and set the parameters/criteria you want to automate your trades and then let Hummingbot do the rest. I would love to see a live chat instead of the chatbot as it’s just not enough in many cases when more difficult issues arise. Other than that there is much to complain over as Beaxy seems to be a very complete digital asset exchange.

How Safe is Beaxy?

By failing to comply with AML and sanctions obligations, Binance enabled a range of illicit actors to transact freely on the platform. Today’s settlements are part of a global agreement simultaneous with Binance’s resolution of related matters with the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC). Beaxy has also secured an exclusive partnership with OneMarketData to provide stock market exchange level order book and matching data systems. This system will allow Beaxy to service more than 20 different order types, including limits, stops, trailing orders, OSO, and more. This partnership allows Beaxy to offer a premier trading experience as yet unseen in the crypto space. The token itself is an ERC 20 token and you can use them to take off 50% of your trading fees.

OFAC’s settlement agreement assesses a penalty of $968 million and requires Binance to abide by a series of robust sanctions compliance obligations, including full cooperation with the monitorship overseen by FinCEN. Any tokens that remain unsold in the private sale will be available for purchase directly on the platform after launch for the following 100 days. The price of the tokens for sale on the platform will be determined by fair market price.

Troubled Assets Relief Program

This exchange is available in 185 countries, whereas other exchanges are not allowed in some major countries. 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.

November Manufacturing PMI Higher Than Expected, Week In Review

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. After diving into all its services for this Beaxy review, we believe the Beaxy exchange is an above-average trading platform but far from a top competitor in the cryptocurrency exchange space. The Beaxy cryptocurrency exchange supports over 40 trading pairs but only about half as many individual assets.

Beaxy Team

More trading pairss are going to be added in the future but for now, these are the only ones available. The security measures on Beaxy are brought to you by Curv – a security provider that specializes in decentralized methods of protecting your transactions. What it means is that your data will basically flow through a dedicated blockchain network, although without the usual flaws of the decentralized approach. 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.

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