- 13/08/2021
- Forex Trading
Cryptocurrency Exchange: Beaxy Review
This feature is recommendable for both beginners and experts in algorithmic trading. What came as the most impressive feature of this aspect is its live chat operated by experts and industry professionals. For users who are non-English speakers, they may utilize the multi-language assistance feature. Tickets are also available for immediate queries, while the site has an FAQ section for basic questions.
That said, Beaxy Black’s extremely attractive fee structure can reduce trading fees significantly, and the additional customer support could be very useful. Setting up a Beaxy account is a an extremely simple endeavor that takes a matter of minutes. Of course setting up an account for buying and trading cryptocurrency will take a little bit longer because Beaxy requires users provide some amount of personal identification to avoid money laundering. 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. Beaxy’s Public API Portal provides real-time market data, which means that traders will no longer connect to multiple exchanges to get the best market prices.
• Customer Support
- 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.
- It’s not painful, but make sure to hold your skin in place while gliding it so you don’t pull on your face too much.
- Beaxy is a moderately-sized exchange with some 30 trading pairs of different caliber, some highly on-demand, and some – just the options for occasional trading.
- While the supported cryptocurrencies of this exchange is limited, Beaxy still has several advantages to offer in trading with it.
- But, with just a few passes of the Shark Silki, I was almost unrecognizable.
As Beaxy is designed to resist sharp demand spike, it remains advantageous for traders who engage in long-term scaling, automated scaling, and resource balancing. What makes it more impressive is its partnership with OneMarketData, allowing clients to access external add-ons such as research, technical analysis, and back-testing. Clients are provided with a flexible platform as it is available in both web and mobile versions. While conventional platforms appear to be daunting, Beaxy is rooted in ease of use. This means that clients get to enjoy cryptocurrency trading through a light and intuitive user interface. Apart from its simple and comprehensive design, the system is highly customizable.
About Beaxy Exchange
- Some other customer aid features available on Beaxy’s site are FAQ, Support, and Knowledge Base.
- Once your registration completes the verification process, you now have an account and can trade with Beaxy.
- Currently, Beaxy can be contacted via their Telegram group, Discord server, and Twitter account.
The team behind the exchange is transparent in nature and contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz. The number and selection of digital coins available through Beaxy is expansive. Some other customer aid features available on Beaxy’s site are FAQ, Support, and Knowledge Base. The list of indicators shows that there are more than 50 to choose from, which can prove to be convenient in any case. It includes the most-used indicators such as Bollinger Bands, average True Range, MACD, and Moving Average. As of now, Beaxy Exchange supports over Below is a screenshot of Beaxy’s platform.
Beaxy Exchange Review: Complete Beginners Guide
Lastly, it’s not boring, which is always a bane of the otherwise well-done text content. And the most amazing thing is their trading platform, whose design does look pretty neat, but it’s also intuitive and user-friendly. It’s obvious what most buttons do and the most important ones are also the biggest and most colorful. They are also spaced out very effectively, which makes it hard to press the wrong box on accident.
As already mentioned, this review was conducted through a look into the facets of Beaxy.com’s service. This order book contains buy and sell orders on an asset, which are then matched by the engine to complete the transaction. Once your trade is executed and complete, you will receive the crypto in your wallet. The Beaxy Platform is easy to navigate and well-equipped with hundreds of tools and indicators.
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. 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, data research, and back-testing services from OneMarketData. 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.
It’s supposed to be a simple and intuitive way of trading, and, reportedly, it increases your win rate by 63%. However, it means you’ll have to rely on the judgment of whoever sends you these matches – a bot, most likely. It has neat design, integral to the other parts of this exchange and, importantly, comfortable and intuitive interface with every crucial button readily available. 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. Trading fees can also be dramatically reduced through Beaxy Black, which we will touch on later.
The KYC Protocol
Looking at the platform, it has a clear charting for market data next to order types. It is also packed with various indicators and tools that allow you to draw on the chart and determine the trends for the current trade you are looking to execute. As already mentioned above, Beaxy Exchange gives clients the opportunity to keep their cryptocurrencies secure by offering institutional grade custody via Beaxy’s partner, Curv!
It means you’ll be very well armed to work with many markets at the same time. As the system is capable of such, it stands as an ideal platform for traders who engage in long-term scaling, automated scaling, and resource balancing. Its partnership with OneMarketData is also commendable since it outsources external plug-ins such as research, analysis, monitoring, and back-testing. CaptainAltcoin.com does not offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor.
Beaxy Trading Fees
Beaxy is generous in giving bonuses and pushes customers to make successful trades. This is the reason why the exchange implemented a match bonus that gives additional funds of the exact amount as the client deposited. If you deposited $500 minimum, you will receive an additional $500 in your account. Another attractive feature of Beaxy is its low commission fees and special perks and bonuses. It employs several levels of security to avoid phishing, data tampering, and wallet hacks. For one, it uses two-factor authentication to secure transactions and sensitive customer data.
For added security, the exchange only partners with high-class banking institutions to guarantee the safety of its clients’ funds as well as its own corporate accounts. One of its greatest features is that you can buy, sell, or exchange cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Once the verification process is complete, you can use your logins to open your account. If you want to proceed to buying a crypto, you must deposit funds to your account with the fiat currency of your choice. If you want to sell, you can check the list of cryptocurrencies supported by Beaxy Exchange. Beaxy is still a young and rising cryptocurrency exchange but it already offers high-class services beyond its years.
Buying and selling cryptocurrencies on this exchange follows a simple and hassle-free process. Before you can begin filling in orders and executing trades, you have to create an account with Beaxy. Once you are verified, you can deposit funds to your account and use the logins verified by Beaxy. The platform provided by Beaxy displays real-time data from the market and especially highlights the price movements of Bitcoin and BXY tokens. The price chart can be organized and viewed in different time intervals, to let you get a better grasp about the market’s movement every second, hour, or even days. On the left side of the chart, you can see a category of tools and indicators that reach up to nearly a hundred.
These rates are in line with most industry standards, especially as starting rates. The team behind the exchange are aiming to provide a comprehensive service that appeals to users of all experience levels. The user interface is intuitive and the dashboard is well laid out and there are various explanations and tips on how to navigate the platform placed in easy to find locations. For users who want to buy or to sell Bitcoin, it must be noted that this digital beaxy exchange review asset takes longer to process compared to the likes of Ethereum.
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. 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. If you want to learn all its services and whether or not you should create a Beaxy account, stick around for this in-depth Beaxy review.
Beaxy is a moderately-sized exchange with some 30 trading pairs of different caliber, some highly on-demand, and some – just the options for occasional trading. The size of the selection isn’t the top perk of working with Beaxy, it’s the helpful technologies and the comfort of use that attract the most users. This aspect is heavily prioritized since processes, starting from registration up to funding, are protected by additional layer of security.
Generally, you would do well to create an account here just in case, because you never know when an extensive provider like this one could come in handy. As such, you’ll be able to multiple your efficiency by stitching multiple trading methods together and work in any destination. For instance, you can use the Hummingbot on the Public API, the Trading System and the same Trading System on the mobile app, all the while keeping one eye on the Trender. It’s supposed to be a Tinder-like trading app, in which the users are given potentially good deals as ‘matches’ they can swipe left to reject or right – to agree to. They are good in their own right, but even highly customizable MT4 doesn’t always correspond to the views different crypto brokers have on the process of trading.
He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing. The site accepts multiple types of fiat via bank and wire transfers while also accepting crypto deposits. In addition, they have a partnership with Gunbot, a leading trading bot platform.