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beaxy exchange review

Although the Beaxy exchange itself doesn’t technically have a trading bot, it has linked up with Hummingbot, which allows users to incorporate its open-source trading bot into the platform via an API. Beaxy surprisingly only supports a handful of USDT and USDC pairs as most of its trading pairs are with BTC. 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.

Crypto Trading on Beaxy

Despite these features, Beaxy has a number of challenges to overcome, for example the Loyalty Reward Program is not available to residents of the US, while fiat transfers still haven’t been enabled. 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. One more thing worth noting is that Beaxy is in the final stage of discussions with Optiv, a cybersecurity giant. They are planning to provide penetration, cloud infrastructure, white box, black box, and many more tests to insure Beaxy’s security.

beaxy exchange review

How Beaxy compares to other U.S. crypto exchanges

Any purchases you make through Third-Party Websites will be through other websites and from other companies, and we take no responsibility whatsoever in relation to such purchases which are exclusively between you and the applicable third party. You agree and acknowledge that we do not endorse the products or services offered on Third-Party Websites and you shall hold us harmless from any harm caused by your purchase of such products or services. Additionally, you shall hold us harmless from any losses sustained by you or harm caused to you relating to or resulting in any way from any Third-Party Content or any contact with Third-Party Websites. The Beaxy cryptocurrency exchange is easily one of the most user-friendly interfaces we have seen yet.

  1. By using this software and providing Crypto Critics access to your API login information, you understand that Crypto Critics does not have direct login access to your exchange accounts or the funds stored there.
  2. The number listed in the blue circle represents the number of unique Signals that are live for that particular trading pair.
  3. We also may continue to publish such Contributions (or “Submissions” below) even after you demand removal.
  4. You agree there shall be no recourse against us for any alleged or actual infringement or misappropriation of any proprietary right in your Submissions.
  5. If you happen to be a client without any trading background, Beaxy’s authoritative guide about cryptocurrencies will help you navigate your way through.
  6. If you believe that any material available on or through the Site infringes upon any copyright you own or control, please immediately notify us using the contact information provided below (a “Notification”).

Deposit Methods

In order to further secure user accounts, the exchange also provides the ability to whitelist withdrawal address, which restricts the places funds can be sent to. IP whitelisting is also featured and once set up, when you try to log in to your account for the first time from a new location, access will be denied and a red “IP Whitelist” message will appear. You will be sent an email with a verification link that will allow you to access your account from the new IP address.

How do I withdraw money from Beaxy?

beaxy exchange review

In addition to terminating or suspending your account, we reserve the right to take appropriate legal action, including without limitation pursuing civil, criminal, and injunctive redress. Binance U.S. was launched by its parent operator Binance in September 2019. In https://traderoom.info/beaxy-cryptocurrency-exchange-review/ an effort to avoid penalties from U.S. regulators, Binance created an exchange that could be located in the United States and comply with KYC/AML regulations. This move allowed Binance to keep its flagship platform running with a more lenient verification process.

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. To begin putting Signals into action on the web-based platform, scan through the assets listed on Beaxy Exchange. The number listed in the blue circle represents the number of unique Signals that are live for that particular trading pair.

Beaxy 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 of up to 100 BTC per day. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. To transfer funds, you’ll need to click on the “My wallets” tab at the top right of the screen, and select your preferred currency and click on the + icon next to it. After clicking on the link provided in the verification email, you will be asked to log into your account. The project held an Initial Coin Offering (ICO) which ran until September 2018, and raised approximately $3 million in funding, and the exchange has just recently launched.

Such informal negotiations commence upon written notice from one Party to the other Party. The dispute resolution provisions hereof and any legal action must be initiated and taken in Maricopa County Arizona only. Any past performance of our users, risk score, statistics and any other information https://traderoom.info/ with respect to users appearing on our Website and applications are not indicative of future results. We also may continue to publish such Contributions (or “Submissions” below) even after you demand removal. Your Contributions do not violate any applicable law, regulation, or rule.

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. Make any unauthorized use of the Site, including collecting usernames and/or email addresses of users by electronic or other means for the purpose of sending unsolicited email, or creating user accounts by automated means or under false pretenses. If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of the Site (or any portion thereof). We reserve all rights not expressly granted to you in and to the Site, the Content and the Marks. You hereby agree to the use of electronic communication for all purposes relating to use of Company websites and other resources.

Beaxy offers a competitive fee structure that is in line with most of the crypto market. As with other exchanges the fees get lower the more volume you trade and the more of their proprietary token you hold. If you are able to afford to hold a half million BXY then you have no trading fees to worry about. While Beaxy may not offer quite as many digital assets as Binance, and are missing some top 10 assets, they still offer a good number of cryptocurrencies for buying and trading on their exchange and are still adding more. This includes their native token Beaxy Coin (BXY), which we will look at in the fees section.

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