According to traders’ reviews, the Beaxy support team is really responsive and gives detailed and understandable recommendations. VIP club members receive up to 30% cashback on paid commissions for a month. In addition, you will receive increased referral fees and monthly prizes from the platform. For trading on the platform beaxy.com you need to register, connect two-factor authentication and pass KYC verification, let’s look at each of these steps in more detail. All content on CaptainAltcoin is provided solely for informational purposes.
The purpose of locking these beaxy exchange reviews up is so you can receive a percentage of your trading fees back. Quick Trade allows you to trade Bitcoin in Canada, along with many other digital currencies. Quick Trade, developed by Coinsquare Canada, is optimized for faster trades with the lowest spreads and fees, top-tier security and industry-leading customer service….
How to Get Started on Beaxy
Next, select your digital asset and click on buy to complete your purchase. Predicting price with a 70% success rate Prebuilt technical analysis with timeframes and targets that actually work. Beaxy Exchange is the best place to go if you want to take advantage of the bull market in Crypto Trading. Beaxy, a U.S.-based cryptocurrency trading platform, allows you to trade, buy, and sell popular cryptocurrencies such as bitcoin and ethereum.
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. Gensler also alleged that the crypto trading firm and its top executives did not “register as a national securities exchange, broker, and clearing agency.” The SEC has levelled charges of operating the Beaxy Platform as unregistered dealers.
The fees on the Beaxy exchange are fixed at 0.2% of whatever you deposit, however, the BXY token allows users to reduce their fees by up to 50%. There is also an option to earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. There is also another way to get discounted trading because with the staking program, you will have the option to lock up some of your BXY tokens to receive a discounted trading fee. It’s also worth noting that Beaxy operates a loyalty reward program that incorporates the PLUS Token , 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.
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. 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.
Beaxy Features and Options
The Beaxi.com User Agreement is a document regulating the relationship between the user and the administration of the cryptocurrency exchange. The document defines the basic order of work on the exchange, as well as the rights and obligations of the parties. 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.
- Cryptocurrencies are reportedly secured by Curv institutional custody and fiat accounts are insured up to $250,000.
- Silver Account– Requires the staking of 50,000 BXY, and yields a 10% discount on trading fees with a 60 BTC daily withdrawal limit.
- Also, discounts on trading commissions are provided for holders of the crypto exchange token – BXY coin.
- She specializes in developing low latency enterprise applications with extensive experience in Agile methodologies.
- The Beaxy Exchange is similar to many other exchanges that you may be familiar with just like Binance.
Cryptocurrency exchange beaxy.com offers bonuses and discounts to both new users and registered traders. After passing the additional check it is possible to deposit in USD, EUR, CNY and GBP. Fiat assets of traders are stored at the crypto exchange partner Prime Trust company.
Beaxy Exchange offers prebuilt TA, signals, for cryptocurrencies listed on their platform. Members of their team have reportedly built trading desks in Chicago, IL. Their API feature REST and WebSocket as well as FIX, view the documentation here. In order to trade on Beaxy you need to verify all of your details via a KYC check.
The SEC said is litigating its charges against Hamazaspyan for securities fraud and against Hamazaspyan and Beaxy Digital for the unregistered BXY offering. According to his LinkedIn profile, Hamazaspyan left Beaxy in September 2019 and is located in Yerevan, Armenia. Other personal expenses were also covered by the nearly $1 million of missing funds, the SEC says. Gurbir S. Grewal, head of SEC’s Division of Enforcement argued that Beaxy exposed investors to serious risks because the company had decided to combine the functions of an exchange, a broker, and a clearing agency.
These include high trade processing speeds, advanced 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. The fees on the Beaxy exchange are fixed at 0.2% of whatever you deposit, however, you can use the Beaxy token to take 50% of the fees off your transaction. You can also get involved in the Staking Program on the exchange which gives you an extra 25% off your trading fees if you’re a regular trader.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it . Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site.
The Beaxy Exchange is an amazing up and coming exchange, the hype behind its release is very justified thanks to its great features. The project came out of it’s Initial Coin Offering stage in September of 2018 with an excellent amount raised equaling $3 million. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website.
The SEC lawsuit also alleges that after Windy Inc. took over Beaxy in 2019, they continued to use the platform to trade unregistered securities illegally. Windy agreed to pay $79,000 in fines without admitting or denying the SEC’s allegations. The SEC further alleges that Beaxy’s founder Artak Hamazaspyan misappropriated about $900K for his personal use, allegedly including gambling. In addition, the SEC says that Beaxy’s market makers for operating as unregistered dealers.
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%. Market makers are being encouraged to use the exchange and are exempt from trading fee commissions. 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. Beaxy Exchange – a young reliable cryptocurrency exchange with a wide range of instruments and free trading signals. 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.
The KYC verification process is conducted via Mati who store encrypted user data in AWS servers in the USA. After generating an address, you’ll see the standard QR code and alphanumeric string and either can be used to transfer funds from an existing wallet. Beaxy allows you to have multiple wallets for each currency; however, your funds will only be deposited to the wallet set as default, and you can then transfer freely between your internal wallets. After your transfers have been confirmed you are free to trade on the exchange. Technology – The exchange makes use of high throughput and low latency database performance capabilities, and Beaxy is able to handle hundreds of thousands of transactions per second with less than 1ms of latency. The platform is also built for long term scaling, and includes functions to mitigate demand spikes, as well as automated scaling and resource balancing features.
To pass the https://traderoom.info/ check, you need to specify the country of residence, select the type of identity document and attach its photos. The photo of the document must be without glare from the flash, all information must be readable. A driver’s license, national ID card or civilian passport can be used as an identification document. After the application is processed, you will receive a notification by mail when the verification is passed or rejected. The team at CaptainAltcoin.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers. At the top of the interface are various important factors that can help you with your ongoing trades, including statistics like the volume, bid/ask spread and percentage changes.
- In the future, the team aim to add OTC trading capabilities, margin trading, and portfolio management features that will appeal to a variety of traders.
- On March 28, THORChain tweeted the announcement of their temporary pause, citing a dependency on the THORChain network that could possibly be at risk.
- The SEC is litigating the securities fraud charges against Hamazaspyan and against him and Beaxy Digital, Ltd., the company he controlled before it was taken over by Windy, for the unregistered offering of the BXY token.
- A multitude of investors in Hong Kong have been reportedly intrigued by participating in the digital economy, from Chinese family offices investing in Australia and Singapore, to those hoping to join the fray.
- These features really bring the user peace of mind because they know that their assets are safe.
- Every investment and trading move involves risk – this is especially true for cryptocurrencies given their volatility.
The integrated price charts are placed in the center of your browser, and at the top of the screen, there is a quick summary of important information such as the bid/ask spread, percentage change and volume updated in real-time. The order panel and trade history are placed on the left, while the right is reserved for the order book. You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access. To deposit funds on Beaxy, click on the “My wallets” tab at the top right of the screen, and select your preferred currency. After that, click on the + icon next to it, which will expand the list of wallets you have for this currency.
Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. The US regulatory authorities including the SEC seem to have gone full throttle in their crackdown on cryptocurrency platforms. SEC’s lawsuit against Beaxy comes just a few days after Commodity Futures Trading Commission filed a lawsuit against Binance and its CEO Changpeng ‘CZ’ Zhao. Personal information is collected in order to provide services, and due to it being mandated by law, such as in the case of Anti Money Laundering and Know Your Customer legislations.
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. It’s worth noting that users from the USA are currently not eligible to access the Loyalty Rewards program or obtain the PLS token in any way. Beaxyis operated by Beaxy Digital, Ltd, which is a company registered in St. Kitts & Nevis in the Caribbean Islands.
Separately, the agency said it had reached a settlement with the individuals currently managing Beaxy, Nicholas Murphy and Randolph Bay Abbott. They took over the platform from Hamazaspyan, and operated it — still without registering — through their company Windy Inc., the SEC said in its statement. The agency also alleged that a group of companies operated by Brian Peterson, including Braverock Investments LLC, acted as market makers for the platform, allegedly acting as unregistered dealers. Beaxy is a centralized cryptocurrency exchange established in 2017 and is registered in United States. Currently, there are 0 coins and 0 trading pairs available on the exchange. Beaxy 24h volume is reported to be at $0.00, a change of 0% in the last 24 hours.