In the STK Loyalty Program, users can stake/lock their BXY for a period of one to twelve months, whichever length they choose is the interest amount they receive (ie one month gives you 1% apy, 12 months gives you 12%). They are also planning on launching a Diamond tier where those who stake over 1 million BXY tokens will receive a prorated distribution of 7% of the exchange’s average daily revenue. Curv custody of crypto, FDIC Insurance of fiat, along side it being a completely compliant exchange. 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.
Beaxy: Services and Features
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. This is a membership program that lets investors increase their BXY token rewards and Bitcoin rewards for up to 30%. https://traderoom.info/beaxy-cryptocurrency-exchange-review/ This program has a built-in customer support team that will assist the trader with anything. 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.
How to Exchange BXY/PLS and Earn Loyalty Rewards
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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. 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. We will maintain certain data that you transmit to the Site for the purpose of managing the performance of the Site, as well as data relating to your use of the Site. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that relates to any activity you have undertaken using the Site.
- Next, select your digital asset and click on buy to complete your purchase.
- This can be reduced, however, using the exchange coin to pay for fees, which provides a 50% discount.
- If you’d like to get your hands on the invite-only demo, you can do so here.
- The KYC protocol is simply one of the most unique yet simple ways a private company had devised to effectively verify the legitimacy of its clients.
In addition, includes scrolling ticker settings for speed, visibility, and favorite trading pairs. As a finishing touch, Night and Day modes have been included for around-the-clock trading. Beaxy’s trading platform also has TradingView charts with a full range of technical indicators, and a variety of charting color options for ease of use. We specialize in crypto trading, powering traders in https://traderoom.info/ 185 countries and 43 U.S. states. Beaxy suspended services on its exchange and ceased operations “due to the uncertain regulatory environment surrounding our business,” the company said on its website—the SEC said in a statement Beaxy agreed to shut down the platform. This order book contains buy and sell orders on an asset, which are then matched by the engine to complete the transaction.
Crypto Critics Approved
In total, Beaxy is selling 60% of the tokens and there is a soft cap of $4.2 million and a hard cap of $ 19 million USD. Once you completed the above steps, you will have to wait until you receive a notification that your documents have been approved, which might take up to a couple of hours. After accepting the Terms and Conditions and clicking “Sign Up”, you will automatically receive a confirmation email with a verification link. After clicking on the link, you will be asked to log into your account.
A testament to their resulting success, Kraken raised $100 million in February 2019 at a valuation of $4 billion. In September 2020, Kraken became the first US cryptocurrency exchange to be granted a special purpose depository institution charter (SPDI). 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. This platform is not only available from your desktop, you can also access it via your mobile.
What is recommended is that the reader further his or her research in the hopes of finding more material that would help in making a decision. One thing that really attracted the review team to Beaxy’s services is it low commission fees alongside a number of its perks and bonuses. Clients are also given low commission rates of 0.75% provided they stake their loyalty points and their Beaxy coins together.
We compile freely available information for use in our premium trading signals platform. This information is not to be used as valid trading advice or endorsements. By using our website, you acknowledge that the information presented to you is for informational and entertainment purposes only and any trades you make on your own or through the use of our API trading platform are at your own risk. Crypto Critics is your source for trusted news, reviews and trading insights on cryptocurrency. We are not affiliated with any of the businesses mentioned on this website. Any information presented is not to be used as official investment advice.
While still young in the cryptocurrency trading industry, Beaxy had managed to set-up shop in 185 countries, with 43 of them being in the United States. Beaxy.com had declared in its website that the operations of such had effectively complied with all regulations and licensing agreements required by the aforementioned territories. On the date of last updating this review the 24-hour trading volume was as low as USD 1,612 vis-a-vis USD 19,676 on 18 September 2021, according to Coinmarketcap.com. We hope for Beaxy’s sake that this trading volume improves substantially. Otherwise, it will be difficult for Beaxy to attract new trading users to its platform.
The Beaxy cryptocurrency exchange is easily one of the most user-friendly interfaces we have seen yet. With both a light and a dark theme available, the trading panel is easy on the eyes and presents information and execution panels in a clean and easy-to-read manner. Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders. He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein. Austin specializes in topics related to cryptocurrencies and blockchain technology. 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.
