Beaxy Reviews, Trading Fees & Cryptos 2025
On Wednesday, December 30, Binance US became the latest cryptocurrency exchange to announce that United States customers will not be able to buy or sell XRP effective January 13th, 2021. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. The percent change in trading volume for this asset compared to 7 days ago. Beaxy offers a decent exchange that is likely a good fit for most people reading this review.
- The next step is to log into your Beaxy account and pass the identity verification process.
- Your Contributions do not otherwise violate, or link to material that violates, any provision of these Terms of Use, or any applicable law or regulation.
- Company and its Website content and features may not be accurate or updated.
- You agree to pay all charges or fees at the prices then in effect for your purchases, and you authorize us to charge your chosen payment provider for any such amounts upon making your purchase.
- Beaxy 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 most important factor in this Beaxy Review is definitely the topic of user experience and beginner friendliness.
Beaxy Black
In addition, they promise to maintain the confidentiality of user data, and state that Beaxy does not and will not sell user data to third parties. 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 link is provided solely for informational purposes and is not an endorsement in any way. We recommend that you exercise extreme caution and consult a registered investment advisor before taking any action.
Conclusion: Is Beaxy Worth It?
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. Beaxy is a brand new cryptocurrency exchange that aims to compete with Binance by offering a more powerful trading engine, more elaborate order type options, low fees, and excellent customer support. Below are a few of the advantages the exchange itself promotes on its website. Among these, security, performance, low trading fees and 24/7 support are the ones we deem most important. This exchange allows users to buy, sell, store, and trade crypto assets and fiat currencies, including over 40 trading pairs with several fiat currency-based pairs.
New traders will be able to trade as the platform is very easy to use and more experienced traders will be able to take advantage of more complex order selections. The chart is made by Tradingview which guarantees top-tier charting all the time. Yes, Beaxy has a partnership with Gunbot trading bot where Gunbot users can connect to Beaxy Exchange at no extra cost. No, Beaxy is not similar to a traditional finance broker, they offer no financial services such as lending. Users must already have assets to bring to the exchange in order to make use of it.
Fees
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’s users can stake the native utility token of the exchange, in order to reduce their fees by up to 50%. This fee is line with the historical global industry average, which was arguably around 0.25%. Today, however, the industry average is 0.213% for takers and 0.16% for makers, so Beaxy is a bit above average when it comes to taker fees. After your transfers have been confirmed by the network and Beaxy displays your wallet’s funds, you are free to trade on the exchange.
You can use the “Take pictures with Smartphone” feature, and both a Driving License and National ID must have both sides uploaded. Smartphone users can click the link at the bottom of the panel to get further instructions via email on how to proceed. The KYC process is the same for desktop or mobile users from this point, and Mati will attempt to use your camera in order to take your photo for KYC, and you may need to grant your browser permission to use the camera function. After clicking on the link provided in the verification email, you will be asked to log into your account. There may be information on the Site that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Site at any time, without prior notice.
This means that no other crypto exchange will have access to this technology. 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. The last feature of Beaxy’s platform worth mentioning is its signal service that uses pre-built technical analysis to offer actionable trading signals with an acclaimed 63% win rate. While this isn’t quite as appealing as many of the other crypto exchanges offering 0.1% maker and taker fees, it is certainly well above average and a very competitive rate.
They are attempting to become as popular as Binance with their Beaxy Token trying to capture some of the same attention as Binance Coin (BNB) has. You can buy Bitcoin SV on Beaxy along with quite a few other cryptocurrencies. Our Beaxy Exchange review will help you determine if it is the right exchange for your needs. It might be dangerous to gamify trading, but it could be worth looking into if you’re a novice trader looking for some ideas and direction. As for the Hummingbot and Beaxy Black, the friction of actually implementing the bot or applying for Beaxy Black will make both largely unappealing to most traders. Although Beaxy generates the signals, the Trender has an option to filter by timeframe, favorite assets only, and signal strength.
However, there are 3 main Beaxy alternatives that differentiate themselves by being superior on certain aspects. If the token is locked for less than 1 month, PLS holders will be entitled to 15% of trading fees. On the other hand, this percentage increases by up to 25% if the token is locked for over 6 months. First of all, the coin can be used to reduce trading fees significantly, as described in the section above. Once you successfully completed the above steps, you will have to wait until you receive a notification that your documents have been approved.
Beaxy aims to become a leader in the crypto trading space and is best suited to people with a good understanding of trading digital assets and using exchanges. As Beaxy is still building its reputation and developing its user base, it https://traderoom.info/beaxy-cryptocurrency-exchange-review/ offers an attractive fee structure and various incentives, which should prove successful in attracting users to the platform and improving the validity of the BXY token. 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. Referral programs, low trading fees, 24/7 support and options to customize the trading experience are also positive.
Other than that there is much to complain over as Beaxy seems to be a very complete digital asset exchange. It has not happened since, and they improved security following the incident. They follow all KYC/AML policies and use Curv as the custodian for users’ funds and wallets. That said, blindly following trading signals and mindlessly swiping left and right on trades would be unwise, regardless of the proclaimed win rate. However, the service could be a valuable learning resource for anyone new to trading. Once you download Hummingbot and create an account, you’ll have to connect your Beaxy exchange account through the API and then set the strategies and parameters you want to use to begin your automated trading.