Beaxy Review 2019: Guide to This Exchange, Is it Safe? All Pros & Cons

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Beaxy

To further ensure that our clients have the safest trading experience possible, Beaxy went above and beyond the rest of the cryptocurrency exchange industry by implementing Dragonchain’s Provably Fair technology. This makes Beaxy one of, if not the most transparent financial services firms in the world. With Dragonchain’s Proof Systems in place, every single order that reaches the exchange can be seen in a report that is updated in real-time and available to view publicly. Making it hard for traders to spot when wash trading or front-running is going to harm their position. Beaxy’s Proof Report compiles a record of every order that is sent to, modified, canceled, or executed on the exchange. 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.

What is the minimum deposit on Beaxy?

This is a huge relief for many traders as many are forced to use other platforms just to get their coins converted in and out of the blockchain. Beaxy solves this and makes it very easy for traders who are looking to cash out their cryptocurrency gains on the same platform. 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.

Beaxy Trading Fees

  • A red transaction indicates that an ask(sell) order was completed, while a green transaction indicates that a bid(buy) order was completed.
  • Click on a strategy and the technical analysis produced by the artificial intelligence will automatically display on your chart.
  • You can use the “Take pictures with Smartphone” feature, and both a Driving License and National ID must have both sides uploaded.

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. After accepting the Terms and Conditions and clicking “Sign Up”, you will automatically receive a confirmation email with a verification link. After clicking on the link, you will be asked to log into your account. The Beaxy team is already pretty big and has 25 full-time employees and 25+ halftime contributors all over the world. The exchange team contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz.

Beaxy

Better Crypto Trading

The team behind the platform, lead by CEO Artak Hamazaspyan and CTO Mittal Patel, has proven very transparent. Beaxy also incorporates its native BXY token, allowing users to participate in staking to receive a 50% discount on trading fees. BXY token itself is an ERC 20 token and gives users of the platform many other benefits, such as loyalty rewards and coin staking.

With these crypto signals you don’t have to look for setups on your own, everything is done by the computer. Due to its relative youth, Beaxy may be best suited to people with a good understanding of trading digital assets and using exchanges, although the platform is set out in a way that makes it easy for new users to get acquainted. The exchange also incorporates the ERC20 BXY Token which allows users to participate in staking in order to receive a 50% discount on trading fees. The assets that you hold on Beaxy are protected by industry-leading security through our partnership with Curv, a cloud-based custody solution that implements a comprehensive security model on cryptocurrency that is held on the exchange.

Select the currency you wish to pay with and the amount you’d like to spend. Then select your digital asset and click buy to complete your purchase. https://investmentsanalysis.info/ offers fiat deposits with Visa, Mastercard, and Bank Transfers. The minimum fiat deposit is $50 and there is no minimum or maximum limit on cryptocurrency withdrawals. Curv custody of crypto, FDIC Insurance of fiat, along side it being a completely compliant exchange.

The Signals provided on Beaxy allow you to view various crypto market strategies without the elements of human emotion or error coming into play. Customize your Signals on Beaxy Exchange based on popular technical analysis indicators like Fibonacci retracements to determine support and resistance levels, rising wedges, channels, and more. Our goal is nothing short of changing the way that people perceive and interact with cryptocurrency in their daily lives. This digital asset platform is packed with features that traders love. You have the option to trade crypto on Metatrader 5, you will have your deposit 100% matched up to $500, several fiat currencies are supported for both deposit and withdrawal, algorithmic trading is an option, and AI technology is pretty cool. The next step is to log into your Beaxy account and pass the identity verification process.

If you are using USD or other FIAT currency to trade you can onboard your money into a new asset through a bid order. If you already have the asset you wish to trade you can either place a bid order for more of that asset, or an ask order to sell some of that asset. Thus, picking your crypto trading pair is the first step to trading. Beaxy offers both in house and Tradingview charting tools with all the indicators you need to chart assets and place trades easily and effectively. Combined with our user-focused design, charting and trading bitcoin on Beaxy are seamlessly integrated to make your experience as smooth as possible. Connect your bank account to Beaxy to enable BTC to FIAT pair trading and direct ACH and Wire transfers for BTC purchases.

The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable 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. Use the Beaxy mobile trading app to access markets anytime, anywhere.

Beaxy

If you are looking to get in on the bull market that has arrived in Crypto Trading, Beaxy Exchange is the place to be. Beaxy is a U.S.-based cryptocurrency exchange that allows you to buy, sell, and trade popular cryptocurrencies like bitcoin and ethereum, in addition to 35 other cryptocurrencies. Online crypto trading is taking the financial world by storm, which is why Beaxy has incorporated trading bots like Gunbot and Hummingbot into its spot-priced cryptocurrency ecosystem.