The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees. One of Beaxy’s best offers for high-volume traders is the $500 deposit bonus. They basically give you an advanced rebate on your trading fees and let you trade with it. You would get an additional $500 to trade with when you deposit $500 or more and you get to keep the extra $500 as soon as you’ve generated $750 in trading fees.
To match this, Beaxy has very consistent engagement and seem committed to keeping their community updated with regular tweets. Relative to global benchmarks, this is 74.4x greater than the Media industry and 14x greater than the average across all industries. Using the rich-list, I found that there are currently only 324 holders of BXY; given that there are 22,000+ KYC-verified users of the exchange, this is very disappointing.
About Beaxy
The exchange uses two-factor authentication and is compatible with both Google and Authy Authenticators. 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. It’s also important to note that Beaxy will have an exclusive partnership with OneTick, its flagship software, a comprehensive suite for time-series data management, real-time event processing, and analytics. This means that no other crypto exchange will have access to this technology.
- The interface is also customizable and includes scrolling ticker settings for speed, visibility, and favourite pairs.
- The credit and debit card options do process quickly but can carry fees in the neighborhood of 4%.
- For market orders, enter the amount of the asset you want to buy or sell.
- Beaxy also incorporates its native BXY token, allowing users to participate in staking to receive a 50% discount on trading fees.
- It’s relevant – most speak about some important changes on the markets or on the exchange.
The even have a tutorial on how to use the exchange which is great for first time users and a Smartbot for added assistance. Beaxy’s dedicated support staff are available 24/7 to walk you through the exchange or help you troubleshoot any issues that you may experience. Contact our customer service agents that are ready to provide assistance in a timely manner. Buy, sell, or trade more major fiat options and dozens of cryptocurrencies on a registered U.S. exchange. MyCointainer is a masternode & staking solution, designed especially for newcomers to enable easy access to the crypto world.
Beaxy Daily Performance
Further to this, hackers succeeded in a breach but gained no data prior to launch. Deposits went live on June 8th, followed by live trading from June 18th, so the platform is only a few weeks old at this point. Plus was introduced as a token to be used in the loyalty program for qualified holders of BXY and cannot be transferred out of exchange . I used the $500 to buy bxy coin, and put it into their “loyalty program”. I’m not a day trader, and I didn’t meet their “volume requirements” so they took back their $500.
They cannot use a passport for verification due to state-specific laws. Before uploading the document, you will need to select the country your document was issued in. 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. You can earn for traffic you drive to a specific item, but also any traffic that results in a sale.
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. One of the best features is the calculator used to calculate the profits and losses of certain trades that you’re thinking about making. Security measures are one of the most important factors you should be looking at when choosing an exchange. The beaxy exchange review team place security at the forefront of their priorities and the security protocols within the exchange are extremely effective and leave your account protected in many ways.
Beaxy has several very good upsides that make them a nice option if what you want is to invest into some coins without much effort. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. One more thing worth noting is that Beaxy is in the final stage of discussions withOptiv, a cybersecurity giant. They are planning to provide penetration, cloud infrastructure, white box, black box, and many more tests to insure Beaxy’s security. The company is registered in St. Kitts & Nevis in the Caribbean Island, but also has offices in Chicago and Illinois.
SIBEX is an OTC dark pool that assists users in trading Bitcoin, Ethereum, and ERC 20 Tokens using hashed time-locked contracts . However, if you decide to transfer digital assets, the amount can be even smaller. This online crypto trading platform has the main office at this address, E Jackson Blvd, Chicago, Illinois 60604. https://forexbroker-listing.com/ employs institutional accounts for those who want to register as a business. There are severe perks of activating an institutional account such as a personal representative, advanced APIs, as well as very high withdrawal limits up to 100 BTC per day. It’s an automatic technical analysis tool that will let you choose from new setups just and it works exactly like Tinder where you swift left and right if you want to accept the new trade setup.
This is one of the most comprehensive Discord groups I’ve ever taken a look at. There’s a bloody Table of Contents, for fuck’s sake; organised is an understatement. All of this serves to ensure that new users can readily navigate not only the Discord but the project itself. Further, I found that the top 10 richest addresses control 9.37% of the supply; the top 20 control 13.06%; and the top 100 control 17.13%.
Beaxy Price (BXY)
MyCointainer is regulated by FUI to provide services of exchanging virtual currency against Fiat and wallet management. For experienced traders and newbies alike, having few trusted exchange platforms in stock is a great asset in their crypto journey. Beaxy 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. This next-generation digital asset exchange is employing at least over 50 persons which makes this is a very real operation in terms of the company size and the focus right now is to be able to serve traders in all of the US states. It is registered in the US as a Money Services Business by Financial Crimes Enforcement Network .
The platform aims to provide traders with a comprehensive service that appeals to both newer traders and more experienced participants. The fully diluted market value is referring to a cryptocurrency’s market cap when/if its total supply is issued. Our portal provides intuitive tools and comprehensive reports that deliver the rich, granular data you need to understand, manage, and improve your results. 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. 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. First select the order type you want to use for the asset you’re trading.
Sometimes it doesn’t and you have to force it to stop before you can use it. There is no information to be found about withdrawals until you actually try to withdraw. Then you find that withdrawal is not available for some coins and minimum amounts for others plus high withdrawal fees for others (e. g. 0.05 for BCH). Yes, this exchange allows US citizens to buy, sell, and trade both bitcoin and other cryptocurrencies.
However, this is excluding the 1st-and-2nd-richest addresses, which between them control 82.57% of the supply, with 340mn BXY in the top address and ~73mn BXY in the exchange address. Below are listed a number of important metrics, all of which are accurate as of 31st July 2019. For anyone reading this who has yet to read a Coin Report, it might be worth reading this section of the first report, where any potentially unfamiliar terms are explained. For any terms or metrics specific to this post, I will provide explanations besides the figures. I, for one, would love nothing more than to find an exchange that catered to all possible needs; that was liquid, sophisticated and all-encompassing.
Although Beaxy is a less well-known exchange, it offers a good balance of platform functionality, low-fees, regulatory compliance, and useful customer service. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. There will be 24/7 customer support with live chat, and the team has 25 full-time employees and more than 25 contributors. That said, the exchange is very new, but then again it does have 22,000+ sign-ups with verified KYC, so I would have expected more.
Customer Support –Beaxy provides 24/7 customer support with live chat functionality. These include high trade processing speeds, advanced order types, high grade security protocols, loyalty and referral programs and 24/7 customer support. Beaxyis a new cryptocurrency exchange that aims to get ahead of its competition by making improvements across the board, and equipping crypto traders with a completely modernized approach to buying and selling digital assets. Current features found on Beaxy that are not found on other cryptocurrency exchanges are the PnL calculator ; multiple wallets per asset to allow for risk variance; an integrated Knowledge Base; and tax-ready reporting. Beaxy is a relatively new cryptocurrency exchange and we see strong security features with an active insurance fund of up to $250,000 due to the registration as a Money Service Business. This adds to their credibility and we definitely recommend our traders to use this platform.
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Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.
Beaxy Review
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.
As for sell-side liquidity, I found that 5.967mn BXY was available for purchase in the orderbooks, equating to 3.73% of the circulating supply. This is the 4th-highest figure recorded amongst previous reports, suggesting that there is relatively low desire to hold the token at present, despite the multitude of benefits that I shall cover later. This is significant, as it is an early sign that the use-cases developed are not being adopted to the degree that the team may have hoped for and that, for now, the token remains largely speculative. Beaxy was conceptualised late in 2017, though its token sale was not announced until Q1 2018, with its initial private token sale for BXY launching in June 2018.
Since Beaxy is registered as an MSB in the US they are obliged to keep a reserve fund for their clients. When you trade on the exchange you can rest assured that up to $250,000 of your capital is insured and if the worst-case scenario would ever happen, Beaxy got you covered. Keep track of which market is winning and which one is losing today. Beaxy is a successful cryptocurrency exchange that accumulated some reputation and a lot of contracts with unfamiliar crypto issuers all over the Internet. Beaxy offers several different order types in addition to regular limit and market orders, including Limit IOC, Limit FOK, Take Profit, and more. The wallet columns include the Wallet Name, Available Balance, Reserved Balance, Locked Balance, Pending and Total Balance and the Is Default feature.